International heavyweights Cleary Gottlieb Steen & Hamilton LLP and Shearman & Sterling LLP have been brought on board to assist in Paraguay's first ever cross-border debt placement.
Paraguay's Estudio Jurídico Gross Brown has hired the grandson of the founding member as a new partner.
In the belief that their country depends on more foreign direct investment for economic growth, Paraguay’s business lawyers have taken it into their own hands to generate it, finds Rosie Cresswell
Members of Paraguay’s bar are optimistic about the country’s future after Fernando Lugo’s victory in Sunday’s presidential election.
Argentine wireless communications provider Telecom Personal has successfully restructured its US$599 million financial debt with 24 banks and funds pursuant to its Acuerdo Preventivo Extrajudicial (APE). Concurrently, its Paraguayan subsidiary Núcleo SA has restructured its US$73.2 million of financial debt with a group of international lenders. The latter closed on November 22, and the former on November 30.