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Estudio Jurídico Gross Brown

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Senior Partner: Jorge Gross Brown (Sr)
Partners: Pilar Callizo, Raúl Andrada, Eduardo Gross Brown, Sigfrido Gross Brown, Jorge Ignacio Gross Brown
Managing Partner: Jorge Ignacio Gross Brown
Number of partners: 6 Number of other lawyers: 28

Firm Overview:
Gross Brown has provided full legal services in the Paraguayan market for the past 73 years. It is a market leader in both finance and banking as well as in the corporate and M&A fields. The firm’s more than 30 lawyers are distributed in corporate and finance practices as well as in the litigation, employment and IP departments.

Main Areas of Practice:

Banking & Finance:

The firm provides advice on the full spectrum of financial products including bank lending, project finance, asset finance, derivatives, restructuring, insolvency and structured finance. Recent experience of the firm involves advising Telefónica Celular del Paraguay S.A., as borrower, in the execution of a USD 67,000,000,00 loan agreement for the expansion of its telecommunications network in four of Paraguay’s largest cities; and the Instituto de Previsión Social (Public Social Security Institute), acting as lender along with the Inter-American Development Bank, in the execution of a USD 10,000,000,00 loan to Sudameris Bank S.A.E.C.A. Additionally, the firm acts as regular advisor to a number of banks and financial institutions that operate in the Paraguayan market, such as Citibank N.A. during the past 50 years.

Corporate (M&A, Joint Venture, Foreign Investments):
The firm advises a wide range of clients, in mergers, acquisitions and joint ventures, leveraged and acquisition finance, private equity transactions, tax efficiency structuring, investment financing, corporate governance, among other corporate matters. The firm advises clients from the negotiation process to the due diligence, structuring, and closing of transactions. The firm also regularly advises multinational companies, along with local and regional companies, as well as funds and foreign companies setting up their initial investments in Paraguay. Recent experience of the firm involves advising Telepizza S.A.U. in the asset acquisition of a local restaurant, and Compañía Cervecerías Unidas S.A. of Chile and Argentina (Heineken bottlers) in acquiring relevant stakes in major local beverages corporation, Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A. Likewise, the firm has 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, Telefonica Celular del Paraguay S.A. in Paraguay, and Ufinet Telecom Holdings in the acquisition of technology and carrier assets and joint venture with a local partner. Moreover, Suez Group (Aguas de Barcelona) has retained the firm for participation 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.

Employment:
The firm is distinguished for rendering legal advise in labour matters to prevent legal pitfalls attending the particular needs of its clients, by giving permanent assistance to clients prior to key decision making. Partner Pilar Callizo who is considered a leader in employment law in Paraguay heads the labour team at the firm. The practice includes employment conflict negotiations, litigation and arbitration. Recent experience involves advising one of Paraguay’s main distributors of soft drinks and spirits in judicial proceeding where numerous employees were found guilty of charges such as merchandise theft, and representation of Petrobras in the successful settlement of a four-year dispute between the Company and certain employees.

Real Estate:
The practice offers legal coverage in all stages of a real estate transaction for buyers, lessors, lessees and finance parties, including setting up construction trusts to finance the development of properties. Along with its economic stability, Paraguay is experiencing a construction boom that led the firm to develop a solid construction law and real estate division. The division provides daily legal services to important local and foreign construction and engineering companies such as FEN, an Argentinian real estate group, in the negotiation and the preparation of the special bidding terms and conditions, contracts and related legal advice to develop a series of luxury buildings and hotels from the Esplendor and Dazzler hotel brands.

Infrastructure:
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. Recent experience of the firm involves advising Goldman Sachs in the financing of Paraguay’s first ever Paraguayan Public Private Partnership Project for the reconstruction, refurbishing, management and operation of two main routes in Paraguay, as well as JP Morgan and IDB Invest in the structuring of a USD 598,000,000,00 finance package for the construction of a key water treatment infrastructure project. Likewise, the firm has advised Bank of America Merrill Lynch in the structuring of a finance package for a main infrastructure project under Law N°5074/13.

Capital Markets:
The firm’s capital market practice has advised in all five of the sovereign based US Dollar denominated fixed rate securities issuances under NY law (Reg S and Rule 144) between 2013 and 2017, Gross Brown remains a leader in capital markets and Reg S S/ R144 securities transactions in Paraguay. The firm has represented Citigroup and BofA in the first issuance; BofA and JP Morgan the second and third issuance; BofA and Itaú BBA in the fourth issuance; and Citibank N.A. in the last and fifth issuance, totaling securities issuance for an amount of USD 2,880,000,000. 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.

Dispute Resolution:
The firm´s dispute resolution practice focuses on mediation, arbitration and mainly civil and commercial law litigation for our local and international clients. The firm’s qualified lawyers have vast experience working in courts and arbitration. The firm’s team actively manages over one thousand court cases. The firm has also represented Ericsson in a USD 8,203,089 breach of contract damages claim, and Petrobras in a USD 5,690,495 in a distribution agreement termination claim for compensatory.

Languages:
English, German, Portuguese, Spanish, French.

Clients:
The firm’s clients include Citigroup, BBVA Paraguay, S.A, Asociación de Bancos del Paraguay, Cosan Group, Cotecna, Anas S.p.A., Visa, the Inter-American Development Bank, Banco Itaú, Petrobras, Lukoil, Canal 9 (TV network), Compañía Cervecerías Unidas S.A. (CCU), Buquebus Airlines, The World