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This content is provided by Estudio Jurídico Gross Brown.

Chairman: Jorge Gross Brown (Sr)
Managing Partner: Sigfrido Gross Brown
Number of partners: 6
Number of other lawyers:
34
Languages: English, French, German, Italian, Portuguese, Spanish

Firm Overview:
Gross Brown has been providing legal services in Paraguay as a top-tier full-service firm since 1944. The firm focuses on providing comprehensive legal advice with a simple approach and a global perspective to a diverse portfolio of clients. The firm’s portfolio ranges from financial institutions and corporations to non-profit organizations and individuals. Over several decades, Gross Brown has cultivated a team of highly trained lawyers with an advanced level of expertise in several practice areas and is recognized for the quality and high standards of its professionals. Gross Brown has also fostered the belief that professional practice entails a social duty to act proactively for the benefit of the community. Thus, the firm and its professionals have assumed a commitment to undertake and promote pro-bono services to assist those with limited financial resources..

Main Areas of Practice:

Banking & Finance:
4 partners; 12 fee earners
The firm provides advice on the full spectrum of financial products including bank lending, asset finance, investment financing, derivatives, restructuring, insolvency and structured finance. Recent experiences involve advising Rabobank in the opening of a credit facility of US$ 20,000,000 with collateral trust and a finance facility of US$ 12,000,000.00 with a collateral trust, Citibank NA and the Overseas Private Investment Company (OPIC) in the drafting and negotiation of a US$ 101,500,000 loan to Sudameris Bank; Goldman Sachs & Co. in the drafting and negotiation of a US$ 50,000,000 syndicated loan between four major local banks; Citibank N.A. in the syndicated loan of US$ 120,000,000 to Copetrol S.A; Elevate Export Finance Corp., in the first loan transactions for Paraguayan agricultural producers; Innovatus Capital Partners LLC in the granting of a finance facility of US$ 2,000,000.00 with a collateral trust. The Firm is also Regular advisor to ASOBAN the Paraguayan Banks Association; and Regular advisor to several banks that operate in the Paraguayan market, such as Citibank N.A. during the past 60 years.
Key Clients: Citigroup; Banco Bilbao Vizcaya Argentaria S.A.; Goldman Sachs & Co., UBS, Itaú BBA, Elevate Export Finance Corp., Bank of America Merrill Lynch, Credicentro S.A.E.C.A., Paraguayan Banks Association (Asociacion de Bancos del Paraguay); Rabobank Group; Banco Latinoamericano de Comercio Exterior; Banco Itau Paraguay S.A.; IDB Invest; ING Group; the World Bank.
Contact: Jorge Gross Brown
Tel: +595 21 444 426
Email: [email protected]

Corporate/M&A:
3 partners; 7 fee earners
The firm advises a wide range of clients, in mergers, acquisitions and joint ventures, leveraged and acquisition finance, private equity transactions, tax efficiency structuring, corporate governance, among other corporate matters from the negotiation process to the due diligence, structuring, and closing of transactions.
■Advised SBA Communications Corporation in the participation of a private bid for the potential asset purchase of 1,410 passive mobile telecommunication towers from a major local carrier; advised Suez Group (Aguas de Barcelona) in a government procurement process resulting in the award of a public contract with the Paraguayan Water Company (ESSAP S.A.) to develop a water management and billing software, Credicentro S.A.E.C.A. a local credit corporation, in its merger with Crediplus S.A.; BBVA S.A. in the sale of 100% of its share capital in BBVA Paraguay S.A. to Banco GNB Paraguay for about USD 270 million, Edesa (leading local distribution company) on a complete restructuring of its assets; and the partial sale of these assets to another distribution company
Key Clients: Cofco International; ADM Paraguay S.R.L..; Petrobras; Shell Trading; Lukoil; President Energy PLC; Suez Group, UFINET Telecom Holdings; General Motors; Apple Inc.; CAT;; Millicom.; Fujifilm; Sun Chemical.
Contact: Sigfrido Gross Brown
Tel: +595 21 444 426
Email: [email protected]

Capital Markets:
2 partners; 4 fee earners
The firm’s capital market practice has advised in all eight of the sovereign based US Dollar denominated fixed rate securities issuances under NY law (Reg. S and Rule 144) between 2013 and 2020, Gross Brown remains a leader in capital markets and Reg S/RI144 securities transactions in Paraguay. The firm has represented Citigroup and Bank of America Merrill Lynch in the first issuance; Bank of America Merrill Lynch and JP Morgan in the second and third issuance, BofA and Itaú BBA in the fourth issuance; Citibank N.A. in the fifth issuance, Citibank N.A. and JP Morgan in the sixth issuance, Citibank N.A. in the seventh issuance and Goldman Sachs, Itau BBA, and Morgan Stanley in the eighth issuance totaling securities issuance for an amount of USD 3,910,000,000. The firm has also acted as legal counsel to BBVA and Millicom from the private sector as issuers in Reg. S/Rule 144 bond offerings.
Key Clients: Citibank N.A.; Bank of America Merrill Lynch; JPMorgan Chase & Co.; Goldman Sachs & Co.; Morgan Stanley; UBS; and Itau BBA.
Contact: Jorge Ignacio Gross Brown
Tel: +595 21 444 426
Email: [email protected]

Project Finance & Infrastructure:
2 partners; 7 fee earners
Gross Brown advises international and local companies on both regulatory and financing aspects of some of the largest and most complex infrastructure projects in Paraguay. The firm’s infrastructure team puts together a combination of industry insight and public law knowledge, providing its clients creative solutions to successfully overcome their challenges. The firm advised Goldman Sachs & Co., Itaú BBA Securities, Banco Itaú Paraguay S.A. and IDB Invest, in the financing structure for the first PPP Project in Paraguay, for the construction, maintenance and operation of National Routes 2 and 7; JP Morgan and IDB Invest in the structuring of a USD 598,000,000,00 finance package for the construction of a water treatment infrastructure project; Bank of America Merrill Lynch in the structuring of the financing structure for the turnkey project for the construction of ‘Costanera Sur’ of Asunción, under Law N°5074/13, UBS Group Inc. in the financing of the Carmelo Peralta-Loma Plata Route (Corredor Bioceanico) for the sum of US$ 440,000,000.
Key Clients: UBS, Bank of America Merrill Lynch; JP Morgan Chase & Co.; IDB Invest; Goldman Sachs & Co; Itaú BBA Securities.
Contact: Sigfrido Gross Brown
Tel: +595 21 444 426
Email: [email protected]

Antitrust:
1 partner, 4 fee earners
The firm provides a comprehensive assessment on the antitrust needs of the clients since the beginning of the procedure. The firm has handled the most recent and complex multijurisdic tional antitrust matters since the recent creation of the National Competition Commission (CONACOM).
■Merger filing on behalf of Compania Cervecerias Unidas S.A., following the purchase of the company SABMiller PLC by the Anheuser Busch Inbev, N.V./S.A. group
■Merger filing on behalf of Servicios y Productos Multimedios S.A., a company member of Millicom International Group, following asset acquisition of dominant competitor in eastern region of Paraguay Key Clients: Compania Cervecerias Unidas S.A.; Servicios y Productos Multimedios S.A.
Contact: Sigfrido Gross Brown
Tel: +595 21 444 426
Email: [email protected]

Labour & Employment:
1 partner; 5 fee earners
The firm is distinguished for rendering legal advice in labour matters to prevent legal pitfalls attending the needs of its clients, by giving permanent assistance to clients prior to key decision making.
Key Clients: Petrobras Paraguay; Cofco Agri; Banco Do Brasil S.A.; EMPRESA DISTRIBUIDORA ESPECIALIZADA S.A.; Caja Mutual de Cooperativistas del Paraguay; Bancard S.A.
Contact: Pilar Callizo
Tel: +595 21 444 426
Email: [email protected]

Dispute Resolution:
1 partner; 6 fee earners
The firm’s dispute resolution practice focuses on mediation, arbitration and mainly civil and commercial law litigation for all local and international clients.
■Represented Ericsson in a USD 8,203,089 breach of contract damages claim, Petrobras in a USD 5,690,495 in a distribution agreement termination claim for compensatory, Consorcio Agualogy (SUEZ GROUP) in a USD 8.015.000 breach of contract damages claim
Key Clients: Petrobras Paraguay.; Cofco Group; Banco Itau Paraguay S.A., Ericsson AB; Consorcio Aqualogy, Corporation of The President of The Church of Jesus Christ of Latter-day Saints; ADM PARAGUAY S.R.L.
Contact: Raúl Andrada
Tel: +595 21 444 426
Email: [email protected]

Intellectual Property:
3 fee earners
The firm´s IP practice provides legal services in all areas of intellectual property (trademarks, patents, copyrights, industrial designs and other distinctive signs), with expertise in management of client portfolios, including registration, prosecution, litigation, advising and drafting agreements. The firm regularly advices author´s collecting societies and local film productions.
Key Clients: Frutika S.R.L.; Grupo Albavisión; Creadores PY Paraguayan Audiovisual Author’s Collecting Society; Samsung Electronics Co. Ltd; Samsung C & T Corporation; Compañía Española de Petroleos S.A.U.
Contact: Claudia Franco
Tel: +595 21 444 426
Email: [email protected]