FERRERE
31/10/2019
Ecuador

Javier Robalino analyzes Ecuador’s investment reality

FERRERE partner Javier Robalino analyzes Ecuador’s investment reality in depth in the article “Creating Legal Certainty for Investors,” published by LatAm Investor.

28/10/2019
Uruguay

Agustín Mayer analyzes challenges for new generations of lawyers

The Managing Partner of FERRERE Abogados, Agustín Mayer, participated in the conversation on “21st Century Attorneys: what skills make the difference?” organized by the Law School of Uruguay’s Universidad Católica.

22/10/2019
Uruguay

Verónica Raffo recognized among top 5 most well-reputed leaders in Uruguay

FERRERE partner Verónica Raffo was recognized as the most well-reputed woman business leader in Uruguay, according to the Corporate Reputation Business Monitor (MERCO) published by the El País newspaper.

02/10/2019
Regional

LACCA recognizes 11 FERRERE practitioners

Eleven FERRERE practitioners were recognized by LACCA Approved Lawyers, which highlights their experience and leadership in certain practice areas in the regional market.

01/10/2019
Regional

FERRERE recognized in IFLR1000 2020 ranking

FERERRE was once again recognized as Tier 1 in the IFLR 1000 2020 ranking as one of the region’s most prestigious and experienced firms in Project Financing, Banking and Finance, and Corporate.

27/09/2019
Regional

World Tax highlights FERRERE’s regional Tax practice

World Tax recognized the FERRERE Tax team in its four jurisdictions as tier 1 in General Corporate Tax, Indirect Tax and Transactional Tax.

Tax
27/09/2019
Ecuador

Javier Robalino spoke at IBA Annual Conference in Seoul

Javier Robalino Orellana, Ferrere’s managing partner in Ecuador, chaired the panel “The future of sanctions enforcement: a game of thrones?” Annual IBA Conference in Seoul, South Korea.

17/09/2019
Bolivia

Lindsay Sykes will be speaking at the Latin Lawyer Live M&A Conference

Lindsay Sykes will be a speaker at the 6th Latin Lawyer Live M&A Conference where she will address cross-border deal-making in a fast changing world of compliance.

03/09/2019
Uruguay

Leticia Aguiar and Alberto Baroffio were speakers at INDULAB Seminar on Clinical Laboratories Services Management

Counsel Leticia Aguiar and senior associate Alberto Baroffio spoke in depth on changes and practical aspects of labor law for clinical analysis laboratories.

30/08/2019
Uruguay

Sebastián Ramos launches his book El contrato de préstamo y sus garantías

The FERRERE partner and Project Financing expert Sebastián Ramos has presented his new book on loan agreements and guarantees, titled El contrato de préstamo y sus garantías, published by La Ley Uruguay.

29/08/2019
Bolivia

FERRERE organized 5th Women in Tax Event

The 5th Women in Tax Event as held on August 23, 2019. This session addressed the Gaming Tax (IJ) and the Foreign Beneficiaries Tax (IUE BE).

Tax
22/08/2019
Uruguay

FERRERE Transforma aims to build capacities at social organizations, involving its collaborators, from the heart of its business

The firm’s new Corporate Social Responsibility program is supported by the platform www.ferrerersc.com to select projects objectively and transparently

19/08/2019
Paraguay

Carlos Vasconsellos and Federico Silva analyze chief challenges for family businesses

Partner Carlos Vasconsellos, together with counsel Federico Silva, published a white paper on the chief challenges faced by family businesses when dealing with generational transitioning. 

16/08/2019
Regional

FERRERE is recognized by Chambers Latin America 2020

FERRERE was once more recognized in its four jurisdictions by the prestigious Chambers & Partners publication in its annual Chambers Latin America 2020 guide.

13/08/2019
Bolivia

Bolívar Figueroa spoke at 2nd Contemporary Tax Symposium

Senior associate Bolívar Figueroa presented his technical comments on the procedural reforms of the General Code of Procedure (COGEP), in the context of the 2nd Contemporary Tax Symposium  (Conversatorio de Tributación Contemporánea).

Tax
31/07/2019
Paraguay

FERRERE Paraguay took a hard look at unconscious bias and challenges for women

In the context of the Women in the Profession (WIP) program, a world movement that seeks to empower women in developing their professional activity, FERRERE Paraguay organized a talk on “Unconscious Bias. The first barrier to inclusion. Challenges and opportunities for women.”

30/07/2019
Regional

FERRERE nominated in 5 categories for ITR Americas Tax Awards

FERRERE was nominated in five categories for the Americas Tax Awards given by International Tax Review (ITR) for excellence in the Tax area.

Tax
05/07/2019
Regional

Mercosur and the EU reach an agreement after nearly 20 years of negotiations

After almost 20 years of negotiations Mercosur and the EU have reached an agreement.

26/06/2019
Uruguay

The sculptor Kristen Visbal spoke at FERRERE on women’s empowerment

With a view to promoting diversity and equality, FERRERE organized an event whose speaker was the highly recognized US sculptor, born in Uruguay, Kristen Visbal.

07/06/2019
Regional

FERRERE receives double recognitions in Women in Business Law Awards 2019

FEFERRERE garnered two recognitions in the Women in Business Law Awards 2019: Best National Firm for Work-Life Balance and Best Firm in Ecuador, for the second consecutive year.

04/06/2019
Paraguay

FERRERE advised the International Finance Corporation on a loan to Banco Continental

FERRERE was retained by International Finance Corpotarion (IFC) and acted as special Paraguayan counsel to in the granting to Banco Continental S.A.E.C.A. (Continental) of an unsecured loan of USD 100,000,000, with a 5-year maturity.

17/05/2019
Ecuador

IFLR recognized FERRERE as the most innovative firm of the year in Ecuador

FERRERE was named the Most Innovative Law Firm of the Year in Ecuador, at the 14th Annual IFLR Americas Awards.

17/04/2019
Regional

FERRERE nominated for Women in Business Law Awards 2019

Recognizing the best law firm in gender, innovation and mentoring initiatives, and the best practitioners in each area, International Financial Law Review (IFLR), a leading publication in the legal and financial market, nominated FERRERE and two of its women practitioners for the Women in Business Law Awards 2019.

09/04/2019
Ecuador

Ecuador: Javier Robalino Orellana lectured in the Paris Arbitration Week

Javier Robalino, Managing Partner at FERRERE Ecuador lectured in the Paris Arbitration Week.

12/03/2019
Regional

Latin Lawyer 250 recognizes FERRERE in its four jurisdictions

Latin Lawyer 250 conducts an annual survey of the region’s leading firms and their most active practice areas, in which FERRERE was distinguished its four jurisdictions.

22/02/2019
Uruguay

Uruguay: Martín Pesce published in Thomson Reuters: "Data Protection in Uruguay"

Martín Pesce Cutri published an article in Thomson Reuters on data protection in Uruguay.

18/02/2019
Uruguay

FERRERE assisted Sadia Uruguay S.A. on the sale of poultry producer Avex

FERRERE assisted Sadia Uruguay S.A. on the sale of poultry producer Avex to Granja Tres Arroyos S.A., of Argentina, and Fribel S.A., of Spain.

23/01/2019
Bolivia

FERRERE assisted Minera Alcira on production agreement with Bolivia

Minera Alcira S.A. signed a mining production agreement with the Bolivian state-owned mining company Comibol and the Ministry of Mining and Metallurgy to produce polymetallic silver in the department of Potosí, in southern Bolivia.

17/01/2019
Regional

A regional overview of Antitrust Law in Bolivia, Ecuador, Paraguay and Uruguay

This article intends to give an overview of the regulatory framework in force in Bolivia, Ecuador, Paraguay and Uruguay on merger control and anticompetitive practices.

08/01/2019
Regional

FERRERE promotes five new partners

FERRERE has appointed five new partners to the firm, Soledad Díaz, Verónica Franco, Martín Pallares, Sebastián Ramos and Daniel Robalino Orellana, as of January 1, 2019.

05/12/2018
Paraguay

FERRERE garners awards as Law Firm of the Year in Paraguay

In Paraguay, the award recognizes FERRERE’s experience and leadership in the market.

03/12/2018
Regional

FERRERE garners awards as Best Regional Practice in South America

The regional award of Chambers and Partners crowns the firm’s regionalization and sustained growth in each of the jurisdictions where it is present: Bolivia, Ecuador, Paraguay and Uruguay.

22/10/2018
Paraguay

FERRERE Paraguay represented IDB Invest

FERRERE Paraguay advised IDB Invest on structuring the first 4-year committed annual rotating line of credit to be arranged in Paraguay.

12/10/2018
Ecuador

FERRERE advised Terrafertil on the sale of its majority stake to Nestlé

FERRERE lead the regional LATAM team in all matters involved in the transaction, including but not limited to coordinating over eight jurisdictions in tax planning.

03/10/2018
Ecuador

Ecuador: arbitration and mediation centers for intellectual property issues

In an official communication issued on Tuesday, October 2,  2018, the Intellectual Property Authority in Ecuador (SENADI) announced that its Executive Director signed a Memorandum of Understanding with the World Intellectual Property Organization (WIPO) for the creation of specialized Arbitration and Mediation Centers in Ecuador for Intellectual Property matters.

11/05/2018
Paraguay

Marysol Estigarribia was recognized by Chambers as a referent on gender equality

FERRERE Paraguay partner Marysol Estigarribia was acknowledged by the Chambers Women in Law Awards: Latin America 2018 as Paraguayan referent on gender equality matters.

12/03/2018
Bolivia

FERRERE advised I Squared Capital on acquisition of the entire Latin American energy portfolio of IC Power

For a total of USD 1.2 billion investment manager I Squared Capital acquired all of IC Power in Latin America and the Caribbean.

02/02/2018
Regional

FERRERE represented Hidrovias do Brasil in a USD 600 million bond issue

FERRERE advised Hidrovias do Brasil on a bond issue by one of the group’s companies, located in Luxemburg, for a total of  USD 600,000,000.

17/01/2018
Uruguay

FERRERE announces the promotion of three new partners

FERRERE is pleased to announce the addition of three new partners to the firm as of January 1, 2018: Carlos Falco, Isabel Laventure and Manuel Lecuona.

28/09/2017
Uruguay

FERRERE is recognized by ITR as Tax Firm of the Year

Announced at a gala in New York on September 14, the Americas Tax Awards recognized the firm based on its analysis of the most innovative and largest transactions.

28/09/2017
Uruguay

FERRERE is recognized in its four jurisdictions by Chambers Latin America

Chambers Latin America once again recognized FERRERE for its work in the four jurisdictions in which it has a presence.

22/09/2017
Uruguay

Bolivia: New Legislation on Transparency Units

On September 04, 2017 a law was enacted requiring all state and public-private entities to create Transparency Units responsible for receiving reports of possible corruption, investigating possible acts of corruption and supervising the execution of state contracts.

22/09/2017
Uruguay

Bolivia: Proposed Reforms to Penal Code Would Create Corporate Criminal Liability

Draft Penal Code creates criminal liability for corporate entities who benefit from or are instrumental to the commission of certain crimes.

22/09/2017
Uruguay

Ecuador: Lenin Moreno takes action against corruption in Ecuador

In his first 100 days as President, Lenin Moreno took new anti-corruption actions in Ecuador.

22/09/2017
Uruguay

Paraguay: Executive Accountability Manual Approved

The manual seeks to set and apply coordinated and effective anti-corruption policies that promote participation of society and reflect the principles of rule of law.

22/09/2017
Uruguay

Paraguay: Government Pro Transparency Agreement between SICOM and SENAC

Paraguay proposes Law on Access to Information and minimum information that must be available at institutional web portals.

22/09/2017
Uruguay

Paraguay: New Compliance Rules for the Securities Market

Aiming to protect investors and to maintain a fair, organized and efficient securities market, on July 18, 2017, Law 5,810/17 was enacted to replace Law 1,284/98 “On the Securities Market” (Del Mercado de Valores) and, among other things, to effectively prevent and punish wrong conducts in the securities market by establishing administrative and criminal sanctions.

22/09/2017
Uruguay

Uruguay: Activity increase linked to the Financial Analysis Information Unit (UIAF)

In 2016, there was a 32% increase in the presentation of Suspicious Operations Reports (ROS) to the Financial Analysis Information Unit (UIAF) of the Uruguay Central Bank.

22/09/2017
Uruguay

Uruguay: Identification and communication of final recipients to BCU

The regulations include, among other aspects, the terms, sanctions, formalities related to the obligation to transmit information on the final beneficiaries to the BCU.

15/09/2017
Uruguay

Legal 500 commends FERRERE

This year, the ranking added the names of 18 new FERRERE professionals to the extensive list of previous years. They come from areas such as Banking and Finance, Corporate, Labor, Real Estate, Intellectual Property, Taxes, Litigation and Arbitration and Energy, among others.

30/06/2017
Uruguay

Regulatory decree of Fiscal Transparency Law

Identification of ultimate beneficiaries and holders of registred shares before the Central Bank of Uruguay.

10/06/2017
Uruguay

Ecuador to implement ISO 37 001 in its anti-corruption efforts

The international standards will be applied to public procurement procedures, as an anti-bribery action.

06/06/2017
Uruguay

Paraguay approves National Anti-Corruption Plan

The objective is to strengthen policies to prevent corruption.

06/06/2017
Uruguay

Paraguay: Banking Law reformed to step up compliance

Includes changes related to organization of entities, shareholder transparency and board of directors’ liability, among others.

06/06/2017
Uruguay

Paraguay: New channels created to report corruption

Reports can be made online, by telephone or in person, and anonymously.

06/06/2017
Uruguay

Uruguay: Appointment of new National Anti-Asset Laundering Secretary

Daniel Espinosa Teibo, a professional with vast experience in asset laundering prevention and control, is appointed.

06/06/2017
Uruguay

Uruguay: Asset laundering bill of law under review

Its purpose is to organize, systematize and update current asset laundering rules.

12/05/2017
Uruguay

FERRERE announces opening of its new offices in Asunción’s Torres del Paseo complex

FERRERE announced today the move of its Asunción, Paraguay, offices to floors 24 and 25 of the recently inaugurated Torres del Paseo, part of a USD 200 million development project, considered one of the most modern and sophisticated corporate buildings in South America.

04/05/2017
Uruguay

FERRERE advised Dicomtriz S.A. on acquisition of Ecuador’s largest service station chain

FERRERE assisted Dicomtriz S.A. on the acquisition of Ecuador’s largest service station chain, owned by the national oil company (EP Petroecuador) in a USD 10.5 million transaction.

04/05/2017
Uruguay

FERRERE leads initiative for equal opportunities for women, joining the UN Women HeForShe campaign

The firm presented Equal Pay Day data for Bolivia, Ecuador, Paraguay and Uruguay.

21/04/2017
Uruguay

FERRERE announces opening of new offices in Santa Cruz

FERRERE has moved its Santa Cruz offices to the heart of the Equipetrol area and a few minutes from the city center. From the 18th floor of the Ambassador Business Center, the firm has joined a brand-new architectural project, a reference point for the city, incorporating lead-generation technology.

19/04/2017
Uruguay

PPP: sixth roadway circuit and second call for education infrastructure

On April 20, 2017 the Ministry of Economy and Finance, the National Development Corporation and the National Public Education Administration will launch the Second Call for Public-Private Participation Projects for Education Infrastructure.

06/04/2017
Uruguay

Paraguay: first projects awarded under laws fostering infrastructure development

The National Government, through the Ministry of Public Works and Communications (MOPC) announced on March 14th, 2017, the first award of an infrastructure project under 5074/13 Law.

05/04/2017
Uruguay

Bolivia assesses regulating telework contracts as a special form of provision of services

A bill of law (No. 202/2016) is currently under study with a view to regulating telework agreements as a special form of provision of services.

05/04/2017
Uruguay

Bolivian government guarantees USD 2.4 billion investment in oil and gas this year

The government has guaranteed that this year it will invest USD 2.4 billion in oil and gas, in the context of its economic policy for the sector’s development.

05/04/2017
Uruguay

Ministry of Transport new PPP initiative for fifth highway circuit

This “Circuit 5 Roadway Corridor Project” covers construction, rehabilitation, maintenance and financing of the roadway circuit comprising Route No. 14 (from Route No. 6 to the Velázquez junction) and Route 15 (from the Veláquez junction to Lazcano).

05/04/2017
Uruguay

Plan for construction of central tranche of El Sillar two-lane dual-carriageway highway and solar energy plant in Oruro, Bolivia

The agreement covers widening and improvement of the existing highway, converting it into a four-lane dual-carriageway, and includes a series of engineering structures involving construction of four bridges and two tube tunnels.

29/03/2017
Uruguay

FERRERE announced today that Agustín Mayer will become its Regional Managing Partner on July 1, 2017

The firm announced today that Agustin Mayer will replace Andrés Cerisola as new managing partner effective July 1, 2017.

29/03/2017
Uruguay

FERRERE was recognized by the Latin Lawyer Deal of the Year Awards

On March 23 the prestigious British publication Latin Lawyer announced 23 winners of the 11th edition of the Deal of the Year Awards at a charity dinner in Sao Paulo, with over 200 members of Latin America’s most relevant firms in attendance.

28/03/2017
Uruguay

Bolivia issues regulations on IP violations

The rules facilitate access to intellectual property rights protection.

28/03/2017
Uruguay
28/03/2017
Uruguay

Paraguay: DINAPI establishes mandatory use of electronic forms for trademark applications

All trademark agents must file trademark registration applications electronically through DINAPI’s Web Services System, on e-forms approved by DINAPI.

28/03/2017
Uruguay

Uruguay: Smurfs strike back

The owner of the rights to the cartoon characters brought a claim against a publisher for unauthorized use of the cast.

18/03/2017
Uruguay

Cristina Vázquez, FERRERE senior counsel, becomes first woman director of Administrative Law Institute

Universidad de la República de Uruguay appointed FERRERE’s Regulatory and Administrative Law Department Director, Cristina Vázquez, as director of the Administrative Law Institute of its Law School, making her the first woman to hold the top academic post in Public Law in the country’s history.

21/02/2017
Uruguay

Bolivia: Ministry of Institutional Transparency and Fight against Corruption and the National Federation of Entrepreneurs sign a strategic alliance for transparency

The Ministry of Institutional Transparency and fight against corruption (MITFC) and the National Confederation of Entrepreneurs (NCE) signed a Public-Private Alliance to materialize a strategic union through which national public policies on anti-corruption and transparency will be incorporated into the private practices of Bolivian companies.

21/02/2017
Uruguay

Bolivia: New Project for Criminal Reform allows the intervention of undercover agents in corruption cases

One proposal is a new systemized Criminal Code which, as an innovative reform, will allow the use of undercover agents in corruption investigations.

21/02/2017
Uruguay

Paraguay approved National Anticorruption Plan

On February 16, 2016, the Executive Branch approved the National Corruption Prevention Plan (the “Plan”). The Plan aims to strengthen policies to prevent corruption, which may be implemented based on existing institutional structure, with nine specific goals.

21/02/2017
Uruguay

Paraguay: New Channels to Denounce Corruption

Since last year, the National Anticorruption Secretariat (“SENAC”) has enabled three methods for the public to denounce acts of corruption.

21/02/2017
Uruguay

Reform to Bank Law to Strengthen Compliance

On December 19, 2016, the Law of Modernization and Strengthening of the Norms that Regulate the Functioning of the Paraguayan Financial System (Law 5.787/16) was promulgated, which modifies the previous Bank law in the following key ways.

21/02/2017
Uruguay

Uruguay: New tax transparency law

The Executive Branch is working on its regulation, which is expected to be issued son.

12/01/2017
Uruguay

FERRERE renews Information Security Certification

FERRERE once again was issued ISO/IEC 27001 Information Security Management System Certification by the prestigious British Standards Institution (BSI). This is the third consecutive year in which FERRERE has obtained this approval.

29/12/2016
Uruguay

Latin Lawyer commends FERRERE's pro bono work

Latin Lawyer has distinguished FERRERE for its achievements in pro bono services last year, recognizing its contribution in the region with this type of service. The firm was noted as one of the most committed to strengthening the practice of pro bono services in Latin America.

20/12/2016
Uruguay

FERRERE is the private company of choice for Uruguayan university students

FERRERE is the private company preferred by Uruguayan students, according to the University Students Profile Survey organized by Pro Universitarios.

17/12/2016
Uruguay

FERRERE advised ARSAT on arranging landing rights for the ARSAT-2 satellite

FERRERE assisted Empresa Argentina de Soluciones Satelitales Sociedad Anónima (ARSAT) and coordinated landing rights arrangements for the Argentine ARSAT-2 satellite with the National Telecommunications Commission in Paraguay.

17/12/2016
Uruguay

FERRERE advised Gnv Group on the construction of new WTC in Bolivia

The Argentine real estate developer Gnv Group was advised by FERRERE on its investment for construction of the World Trade Center (WTC) located in Urubó, Santa Cruz, Bolivia.

17/12/2016
Uruguay

Ferrere helps CAF in record securities issue

A fund set up by Latin American development bank CAF and the Uruguayan government to finance infrastructure projects has made the biggest ever securities issuance in Uruguay’s history, raising US$350 million.

25/11/2016
Uruguay

FERRERE opens third office in Ecuador

Located in Guayaquil, Ecuador’s largest city, the office is an addition to the ones the firm already has in Quito and Manta.

25/10/2016
Uruguay

Bolivia: System for compilation of information from financial entities to fight corruption in effect as of September 1

The System for the Compilation of Information from Financial Entities (SIRIEFI), part of the Integrated System For Anticorruption Information And Recovery Of State Property (SIIARBE) began operating on September 1, 2016.

25/10/2016
Uruguay

Ecuador: New Anti-Money Laundering Law

In June 2016 Ecuador promulgated the Law on Prevention, Detection and Eradication of Asset Laundering and Financing of Crime (“Law”).

25/10/2016
Uruguay

Paraguay: New registration procedure for non-regulated subjects with the Secretary for the Prevention of Money Laundering

Through a new resolution (Resolution 375, August 17, 2016), the Secretary for the Prevention of Money Laundering (Secretaría de Prevención de Lavado de Dinero, or “SEPRELAD”) modified the procedure and information requirements for subjects that are obligated to register with SEPRELAD but are not regulated by a specific government entity, such as the Central Bank or National Stock Commission (“Non-regulated Subjects”).

25/10/2016
Uruguay

Uruguay: Actions by new anti-money laundering regulator for nonfinancial sector

The National Secretariat for the Fight Against Money Laundering and Terrorism Financing (SENACLAFT) has recently been actively auditing compliance with anti-money laundering (AML) and terrorism financing (TF) rules by operators and direct users of Uruguay’s Free Trade Zones.

01/10/2016
Uruguay

FERRERE lawyers nominated for Chambers Women in Law Awards: Latin America 2016

The prestigious British publication recognizes law firms for their commitment to advancement of the role of women through implementation of inclusion and gender diversity programs.

15/09/2016
Uruguay

FERRERE steer financing for largest private wind park in Uruguay

FERRERE advised a German based wind turbines manufacturer, ENERCON GMBH, through its subsidiary Agua Leguas S.A. (whose shareholders are ENERCON and EAB NEW ENERGY GMBH), to obtain the financing of 100 MW Peralta wind farm consisting of the Peralta I and Peralta II wind farms located in Tacuarembó, Uruguay.

30/08/2016
Uruguay

FERRERE announces the addition of two new partners

FERRERE is pleased to announce the addition of two new partners to the firm: Carlos Codas in Paraguay and Pablo Ordoñez in Bolivia, as of September 1, 2016.

23/08/2016
Uruguay

FERRERE assisted FMO with an A/B syndicated term facility of up to USD100 million

The amounts borrowed under Facility A will be used to fund eligible sub-loans to small or medium business and the amounts borrowed under Facility B will be used to expand its loan portfolio through organic growth.

20/08/2016
Uruguay

FERRERE got huge antitrust win for Uber

The Antitrust Commission just issued a landmark decision in favor of Uber in a highly visible case that may trigger a sea change in Uber’s effort to access the highly regulated Uruguayan market.

19/08/2016
Uruguay

India offers USD 100 million at rates of 2% to 3%

The initiative seeks to increase trade between Bolivia and India.

18/08/2016
Uruguay

In an interview with Latin Lawyer, Andrés Cerisola reveals the key elements for Ferrere's regionalization.

After being awarded as the Law Firm Leader of the Year, Managing Partner Andrés Cerisola was interviewed by the international publication Latin Lawyer.

18/08/2016
Uruguay

Opportunities for Investment in the Quito Metropolitan District

The municipality is working on the bidding conditions in order to set public tender dates for these business opportunities.

17/08/2016
Uruguay

Bolivia moves forward on its program for implementation of alternative energies

In the coming weeks Bolivia’s electrical utility, Empresa Nacional de Electricidad (ENDE), will begin exporting electrical energy to Argentina, while at the same time it concludes initial work on the binational hydroelectric plant with Brazil, in Río Madera.

17/08/2016
Uruguay

Ecuador’s government creates legal framework to foster PPPs

The Ecuadorian government’s new development model includes public-private partnerships as a way to attract investment for undertaking public projects.

17/08/2016
Uruguay

Fourth international call for bids launched for PPP highway construction and maintenance in Uruguay

PPP contracts to be structured in 8 roadway circuits covering 1,600 km of existing highways and 130 km of new work.

17/08/2016
Uruguay

Paraguay announces new hydroelectric power plant project

Paraguay’s electric utility, Administración Nacional de Electricidad (ANDE), announced its project for construction, operation and maintenance of a 14 MW hydroelectric power plant to be located on the Ypané river, in Concepción.

17/08/2016
Uruguay

Tax benefits for Ecuadorian areas affected by earthquake

To give a push to the economy and production sectors in the provinces of Manabí y Esmeraldas affected by an earthquake this past April, Ecuador has passed a Solidarity and Citizens Co-Responsibility Law.

17/08/2016
Uruguay

Uruguay evaluates biggest production investment in its history

The project involves private investment of some USD 4 billion plus a USD 1 billion public investment to improve logistics infrastructure.

17/08/2016
Uruguay

Uruguayan government will launch USD 430 million PPP tender for construction of education infrastructure

Tender expected to called in 2016, with a 5-month term for submitting bids.

09/08/2016
Uruguay

FERRERE assisted Foresun Group in the acquisition of Lorsinal

The transaction was structured as an equity purchase with deferred closing; the latter is expected to occur before the end of 2016, upon fulfillment of certain conditions by the parties.

04/08/2016
Uruguay

FERRERE opens its third office in Bolivia

Cochabamba is Bolivia’s third-largest city and a hub for major food processing, transportation, manufacturing and energy multinationals. It is also relevant as headquarters for national banks.

21/07/2016
Uruguay

DINAPI takes anti-piracy action in Paraguay

Seizures and awareness campaigns.

21/07/2016
Uruguay

Ecuadorian government fosters protection of public institutions’ intellectual production

It urges reporting of all research projects so that registration can be processed.

21/07/2016
Uruguay

SENAPI provides training in Intellectual Property in Bolivia

Workshops for companies and individuals on diverse subjects.

21/07/2016
Uruguay

Uruguayan parliament debates a bill to modify copyright law

Among other changes, it includes the possibility of making partial copies for educational and personal use.

07/07/2016
Uruguay

FERRERE assisted CIFI in its first loan in Paraguay

CIFI granted an up to USD15,5 million bridge loan to San Francisco S.A.

23/06/2016
Uruguay

FERRERE represented Gnvgroup

Gnvgroup has a history of developing business zones in Latin America.

21/06/2016
Uruguay

FERRERE advised Robert Bosch

FERRERE advised Robert Bosch in all the activities needed for the success of this initiative, including incorporating a local entity and customizing it according to the client’s needs, drafting and negotiating the lease for the new offices.

10/06/2016
Uruguay

FERRERE advised Asociación Española on its successful debt placement

The debt instruments issued by the Trust will be repaid with credits assigned by Asociación Española against the National Health Fund (FONASA).

09/06/2016
Uruguay

FERRERE advised Bosques del Uruguay II

The transaction amounted to USD18 million.

04/06/2016
Uruguay

FERRERE assisted Zamin Ferrous on judicial challenge

FERRERE Abogados Uruguay assisted Zamin Ferrous, a foreign mining investor, on a challenge of a judicial ruling handed down in the context of an action brought by environmentalists for access to information held by government agencies.

27/04/2016
Uruguay

FERRERE consolidates its leadership in Bolivia

With the opening of its new offices in La Paz, at premises four times the size of its previous site, FERRERE takes another step in its firm growth in the Bolivian market.

29/03/2016
Uruguay

Andrés Cerisola named Latin America’s

Latin Lawyer, the prestigious British publication specializing in law firms, named FERRERE’s managing partner Andrés Cerisola as 2016 Latin American “Law Firm Leader of the Year.”

29/03/2016
Uruguay

Verónica Raffo heads ranking of women business leaders in Uruguay

Verónica Raffo, partner in FERRERE, is the most recognized woman business leader in Uruguay, according to a survey conducted by the El Observador newspaper.

17/03/2016
Uruguay

Opening of Mining Cadastre

The Ministry of Mining issued “Instructions for Granting Metallic Minerals Concessions” establishing the rules and procedures applicable to issuance of metallic mining concessions under small, medium and large scale mining regimes.

16/03/2016
Uruguay

Chilean auto company restructures US$700 million debt

FERRERE participated in the collateral structuring of a debt swap of unsecured notes issued by the Chilean car dealer Automotores Gildemeister SpA.

09/03/2016
Uruguay

“Code of Knowledge” approval moves forward

The bill of law is to replace Ecuador’s current Intellectual Property Law.

09/03/2016
Uruguay

Ferrere guides first upstream O&G offering in Ecuador

Orionoil ER, a subsidiary of Orion Energy (Singapore), has successfully issued debt instruments on the Ecuadorian stock market for US$10 million.

09/03/2016
Uruguay

National Industrial Property Office takes action to encourage the abandonment of patent applications predating 2010

Efforts to shrink number of files awaiting technical examination and cut current backlog in Uruguay.

09/03/2016
Uruguay

Paraguayan government seeks to position beef in the international market

The National Intellectual Property Office is working to obtain protection of geographical indications and appellations of origin for national products.

09/03/2016
Uruguay

Pre-judicial consultations with the Andean Community Court confirmed a clear trend

Supreme Court seeks support for interpretation of Decision No. 486 establishing the Common Industrial Property Regime.

26/02/2016
Uruguay

Bolivia passes healthy nutrition law

Law seeks to promote better nutrition, regulate advertising of canned and processed foods, and ensure more precise labeling information, among other aims.

26/02/2016
Uruguay

Bolivia passes law to debureaucratize creation and operation of economic units

It also creates an integrated system for relevant information on creation and improved operation of enterprises.

26/02/2016
Uruguay

Bolivia studies exclusion of taxes on basic services

Bill of law covers basic services of drinking water, sewage system, electricity, residential gas and telecommunications.

26/02/2016
Uruguay

Bolivian government to invest USD 2 billion in mining

Investment geared to construction of plants for smelting and refining minerals, primarily zinc, in La Paz, Oruro and Potosí.

26/02/2016
Uruguay

Ecuador passes PPP incentives law

Benefits include exemption for imports to be used directly in project execution and exemption from payment of income tax for 10 years.

26/02/2016
Uruguay

Municipality of Montevideo to invest USD 95 million in waste system and roadways

Fondo Capital trust was created to finance a waste sorting and compacting plant and work on various major avenues.

26/02/2016
Uruguay

New law promoting Paraguayan economic development through tax cuts

Regulations provide incentives for company investments creating jobs and adding value to raw materials.

26/02/2016
Uruguay

Paraguay regulates term for temporary permits for vessels chartered under financial lease agreements

Term set at a maximum of three years, extendible for a like period.

26/02/2016
Uruguay

Uruguayan government makes three calls for bids in the framework of its rail and roadway infrastructure program

The most recent call is for repair and maintenance of the Algorta-Fray Bentos railway tranche; details were also announced for two roadway projects.

19/02/2016
Uruguay

FERRERE announces Diego Bohrt as Senior Counsel

FERRERE is pleased to announce that Diego Bohrt has joined the firm as Senior Counsel at its office in La Paz, Bolivia, as of February 1, 2016.

26/01/2016
Uruguay

Universidad de la República appoints FERRERE’s Regulatory Group Director Cristina Vázquez as Chaired Professor

In an event marking the first time a woman has reached the highest academic level in an area of Public Law, Uruguay’s Universidad de la República appointed the Director of FERRERE’s Administrative and Regulatory Law team Cristina Vázquez as Chaired Professor (Level 5) of Administrative Law.

14/01/2016
Uruguay

FERRERE advised the Salvadoran group Unicomer

FERRERE advised the Salvadoran group Unicomer on the purchase of Electrofácil, Paraguay’s largest household appliances and sales chain.

09/01/2016
Uruguay

FERRERE opens its second office in Ecuador

FERRERE announces the opening of its second office in Ecuador, in the coastal city of Manta, located in the rich province of Manabí. FERRERE Ecuador today has a team of 40 lawyers.

22/12/2015
Uruguay

Tenders launched for two PPP projects in Uruguay

Calls for bids to repair twelve national highways – Bidding conditions available for purchase starting January 20.

19/12/2015
Uruguay

Billion-dollar in investment for Bolivia’s gas and oil chain

Total’s investment will be at least USD 1 billion, while British Gas’ investments could reach USD 500 million.

19/12/2015
Uruguay

Bolivia creates fund to foster search for gas and oil

Law for Promotion of Investment in Oil and Gas Exploration and Exploitation takes effect.

19/12/2015
Uruguay

Bolivian government increases public investment and prioritizes roadways

A total investment of USD 8.2 billion will be largely allocated to construction of 3,000 kilometers of new paved roadways.

19/12/2015
Uruguay

Ecuadorian government seeks USD 37 billion in investment

A catalogue offers 94 projects seeking private investment, primarily in oil, mining, electrical, telecommunications and basic industry sectors.

19/12/2015
Uruguay

New benefits for investments in Paraguay

New benefits include tax exemptions for equipment imports and other tariff benefits for high social content projects, among others.

19/12/2015
Uruguay

No ceiling on number of concession for exploitation of gas and oil in Paraguay

Decree limiting number of prospection and exploration concessions repealed.

19/12/2015
Uruguay

Tenders launched for new airport in Asunción

This call for bids will be made in the context of Law 5102/2013.

19/12/2015
Uruguay

Uruguay and Paraguay sign agreement for payments in local currency

The agreement to reduce transactions in dollars includes payments for transactions of any nature between individuals or legal entities.

19/12/2015
Uruguay

Uruguay’s Investment Promotion Regime: additional benefits for 2016

The changes involve an increase in the percentage of tax exemptions on investments.

07/11/2015
Uruguay

FERRERE is among the three “dream firms” for Uruguayan university students

According to a survey conducted by Pro Universitarios of over 2,000 students at all Uruguayan universities, FERRERE took third place in the "Dream Firm" ranking. The classification reflects the opinion of university students aged 18 to 26 who have a company they dream about working for.

21/10/2015
Uruguay

Calls for PPP in Uruguay could be made before year-end

New regulations aimed at achieving a simpler and clearer technical qualification procedure.

21/10/2015
Uruguay

Ecuador discusses scope of PPA and Foreign Investment Incentives Law

Incentives will be provided for public works, affordable housing, urban development, production activities and research projects.

21/10/2015
Uruguay

Municipality of Montevideo announces works plan foreseeing investments for USD 250 million

The plan aims to create an infrastructure shock that will transform the city through large-scale works. These projects will be accompanied by others to be funded by the municipality’s five-year budget and private initiatives.

21/10/2015
Uruguay

Number portability takes effect in Bolivia in 2016

Decree not only affords users free choice of service provider, but also provides a mechanism to stimulate the market.

21/10/2015
Uruguay

Two important projects in the Bolivian public sector

Bolivia has approved a law permitting performance of a feasibility study for the Santa Cruz urban tramway project, while Yacimientos Petrolíferos Fiscales Bolivianos will obtain an extraordinary credit for construction of propylene and polypropylene plants.

20/10/2015
Uruguay

Paraguayan regulator CONATEL launches 4G tender

License will allow up to three Paraguayan or foreign companies to develop and commercialize 4G technology.

01/10/2015
Uruguay

FERRERE named Uruguayan firm of the year by Chambers

FERRERE was chosen by Chambers & Partners as Uruguayan Law Firm of the Year thanks to its outstanding performance in market-leading deals, its excellence in client service, and its strategic growth.

18/09/2015
Uruguay

FERRERE Ecuador advised Orion Energy’s subsidiaries

FERRERE Ecuador advised Orion Energy’s subsidiaries in Ecuador to obtain the operatorship of two oil blocks in Ecuador.

01/09/2015
Uruguay

FERRERE advised Luncheon Tickets S.A. in obtaining the authorization to operate as an Electronic Money Issuer

Ferrere advised Luncheon Tickets S.A., the Uruguayan subsidiary of Edenred, world leader in prepaid corporate services, in obtaining the authorization from the Uruguayan Central Bank to operate as an Electronic Money Issuer of meal benefits for employees.

27/08/2015
Uruguay

Paraguay appoints members of board of directors of National Antitrust Commission

On July 28, 2015 the Paraguayan Executive Branch appointed Carlos Alberto Filartiga Lacroix, Miguel Osmar Núñez Figueredo and Fabrizio Augusto Castiglioni Serafini as members of the board of directors of the National Antitrust Commission (“CONACOM”).

27/08/2015
Uruguay

Uruguay to invest USD 12.37 billion in infrastructure and launches initial PPP tenders

The most significant investments will be in Energy (USD 4.23 billion), Highways (USD 2.36 billion) and Social Infrastructure (USD 1.87 billion).

27/08/2015
Uruguay

Bolivian arbitration law opens up new opportunities for foreign investment

The new Conciliation and Arbitration Law (No. 708) was passed on June 25, 2015.

27/08/2015
Uruguay

Catalogue identifying Ecuador investment opportunities published

The catalogue includes metal refining and petrochemical plants, shipbuilders, mining blocks for auction, and biofuel and biomass projects, among others.

27/08/2015
Uruguay

Important projects in the Bolivian public sector

New projects will include works for highway rehabilitation and for conversion of the Viru Viru airport.

27/08/2015
Uruguay

International public tenders in Paraguay

Paraguay’s Ministry of Public Works and Communications (MOPC) will be holding a tender this semester for works valued at USD 2.455 billion, to be performed over the next four years. The Highways Office will be making calls for bids for USD 875.56 million, the Community Roads Office for USD 71.18 million, and the Strategic Projects Office for USD 1.509 billion.

27/08/2015
Uruguay

More benefits for investing in strategic sectors in Ecuador

The Production Code was amended in May, introducing additional incentives in the rules on tax stability for investments, investment agreements, and special economic development zones.

27/08/2015
Uruguay

Oil and gas exploration in Uruguay – Uruguay Round III

Uruguay Rounds I and II launched by the Uruguayan government for offshore oil and gas prospecting culminated with award of blocks to companies including BP, BG, Shell, YPF, GALP, TOTAL and Inpex. Given the rounds’ success, implementation of Uruguay Round III was approved in mid-2014.

15/08/2015
Uruguay

FERRERE assisted the real estate developer CasasUru

The issuance took place on the Uruguayan Electronic Stock Exchange, and for UI 135 million (indexed units) offered to investors the demand reached almost three times that amount (UI 408 million).

30/07/2015
Uruguay

Ferrere participates in relaunch of GREY operations in Uruguay

Álvaro Moré became Grey’s new local representative in Uruguay, upon reopening of the agency. FERRERE Abogados provided counsel on the relaunch.

22/07/2015
Uruguay

FERRERE Bolivia assited Barclays Bank plc on a USD 25 millions loan

It is a USD 25 million unsecured loan to Telefonica Cellular de Bolivia SA.

16/07/2015
Uruguay

FERRERE Ecuador assited Schlumberger in an agreement with the Government

Thus confirms the intention of the company and the government of Ecuador to develop new investments in the field Shushufindi - Aguarico.

14/07/2015
Uruguay

Ferrere advised FMO in the purchase of bonds for USD10 million

The bonds were issue for the expansion of its financial portfolio.

03/06/2015
Uruguay

FERRERE advised Owens-Illinois on a USD 2.15 billion acquisition

FERRERE Bolivia advised Owens-Illinois, the world’s largest glass container maker, on the acquisition of glass manufacturer Vitro's food and beverage glass container business for USD 2.15 billion.

03/06/2015
Uruguay

FERRERE successfully represented Tsakos in a multi-million dollar claim

Advice to shipping company in connection with vessel fire.

08/04/2015
Uruguay

Gerardo Villagómez joins FERRERE as partner

FERRERE is pleased to announce that Gerardo Villagómez has joined the firm as partner in Bolivia, effective April 6, 2015.

03/03/2015
Uruguay

New decree updates drug registration requirements

Uruguay keeps step with international rules on biotechnological drug registration

28/02/2015
Uruguay

FERRERE obtains Certification in Information Security

The British Standards Institution (BSI) audited FERRERE and awarded it ISO / IEC 27001 certification, in line with international standards.

31/01/2015
Uruguay

FERRERE assisted on structuring of the financial trust Bosques del Uruguay 2

FERRERE advised Agro Empresa Forestal on the structuring of the financial trust “Bosques del Uruguay 2” which on January 18 placed 70 million dollars in trust certificates, becoming a hall of famer when it comes to private company issuances.

31/01/2015
Uruguay

FERRERE participated in the acquisition of part of Banco Santander’s renewable energies projects in 28 entities

FERRERE advised Canadian funds Ontario Teachers’ Pension Plan (OTPP) and Public Sector Pension (PSP), through their Board and Investment Board, respectively, on their acquisition of part of Banco Santander’s renewable energies projects in 28 entities from 9 different jurisdictions, finally executed on December 20, 2014.

27/01/2015
Uruguay

Ferrere steers Bolivia-Argentina ambulance buy

Ferrere (Bolivia) has helped Mercedes-Benz Argentina sell ambulances to the Bolivian Health Ministry in a US$64 million deal that will improve emergency responses times and decrease infant mortality.

16/01/2015
Uruguay

FERRERE assisted Discount Bank in its sale in Uruguay

The operation was essential to consolidate the position of Scotiabank in the Uruguayan market

16/01/2015
Uruguay

FERRERE participated in innovative structure of bond

The funds were used to finance works Grinor held in Ciudad de la Costa

04/12/2014
Uruguay

Brazil, Chile and Uruguay provide strong opportunities for renewables

Robust renewables markets in Brazil, innovative hybrid merchant finance in Chile, and strong state support in Uruguay provide project finance practitioners with excellent opportunities in all three jurisdictions, agreed panellists speaking at the Latin Lawyer 2nd Annual Regional Project Finance Summit held on 18 November in Washington, DC.

18/11/2014
Uruguay

FRV s Jacinta solar plant obtains long-term finance in Uruguay

"This was the first solar project of this size to secure a PPA with the public utilities provider and was then the first to achieve short-term financing" says Gonzalo Secco of Ferrere.

08/11/2014
Uruguay

Ferrere creates financing model for public works project

Ferrere (Uruguay) has helped Uruguayan engineer Grinor sign an agreement with Canelones municipality for road reconstruction works; requiring the parties to develop a financing model to reduce investor risk in the project.

10/10/2014
Uruguay

Abengoa secures credit for Uruguay wind farm

Clifford Chance LLP in Washington, DC, FERRERE and Watson, Farley & Williams LLP in Madrid helped development banks Corporación Andina de Fomento (CAF) and DNB Group Agencia en Chile provide the credit line.

01/10/2014
Uruguay

FERRERE assists CAF in wind farm project financing

Cadonal (a company of group Abengoa) will construct Talas de Maciel II, in Cerro Colorado, Flores

26/09/2014
Uruguay

Ferrere helps Hyundai build bridge in Bolivia

Ferrere (Bolivia) has helped South Korea's Hyundai Development Company (HDC) win a bid to build Bolivia’s longest bridge in the central Santa Cruz region.

23/09/2014
Uruguay

Ferrere’s managing partner to chair Endeavor Uruguay

Ferrere’s managing partner has been made chairman of the board of directors at the Uruguayan branch of Endeavor, a New York-based non-profit that seeks to foster high-impact entrepreneurship in emerging economies.

09/09/2014
Uruguay

FERRERE assisted German Enercon

FERRERE advised Enercon Gmbh in the negotiation and execution of a 50 MW Power Purchase Agreement (PPA) with the Uruguayan electric utility (UTE).

09/09/2014
Uruguay

Ferrere steers renewables PPA as Uruguay meets wind targets

Ferrere has helped German turbine manufacturer Enercon sign a 50-megawatt power purchase agreement (PPA) with Uruguay’s state-run utilities’ provider UTE.

27/08/2014
Uruguay

Ferrere adds fourth partner in Bolivia

FERRERE (Bolivia) has hired a new partner, bringing the partnership count at the Bolivian arm of the Uruguayan firm to four.

22/08/2014
Uruguay

Ferrere helps Avon exit Bolivia

US cosmetics company Avon has exited Bolivia after 23 years in the market with help from Ferrere (Bolivia).

20/08/2014
Uruguay

FERRERE assisted Greatbatch in acquisition of CCC

Greatbatch, world leader in the development of critical technologies, acquired “Centro de Construcción de Cardioestimuladores del Uruguay S.A.” (CCC).

20/08/2014
Uruguay

Ferrere helps Uruguayan construction companies merge

Conimex and Traxpalco, two of the companies behind Uruguay’s north-south Ruta 5 motorway, have merged after three years of tax and legal negotiations with help from Ferrere.

14/08/2014
Uruguay

FERRERE advises two important highway construction companies

After several years of negotiations, Conimex and Traxpalco, two companies with a strong local presence that have constructed and maintained the majority of the country’s highways, announced their merger this August.

13/08/2014
Uruguay

Four firms kick off project finance backing solar power in Uruguay

The deal was signed on 16 July and is worth US$94 million. Chadbourne & Parke LLP in Washington, DC and New York and Ferrere in Montevideo counselled DNB and Intesa Sanpaolo as lenders.

06/08/2014
Uruguay

Uruguay faces new ICSID claim over health measures

Investors in Uruguay’s largest pharmacy chain are preparing an ICSID claim against the state over limits on concentration of ownership in the drug retail industry.

01/07/2014
Uruguay

Linzor Capital buys stake in Pagnifique

As Uruguayan frozen foods company Pagnifique eats its way into a bigger slice of the Latin American pie, a cast of lawyers came together to ink much-needed investment from a Chilean private equity fund.

01/07/2014
Uruguay

Runners-up

Nothing gets emotions high in Latin America quite like football, and the litigation between Traffic Sports and Full Play Group over rights to the Copa América was no exception.

29/05/2014
Uruguay

Mosaic in ADM fertiliser buy

Brazil’s Lobo & de Rizzo Advogados and FERRERE (Paraguay) is helping US fertiliser company Mosaic acquire Archer Daniels Midland’s Brazilian and Paraguayan fertiliser businesses for US$350 million.

15/05/2014
Uruguay

Corporación América enters Uruguay’s renewables market

Uruguayan firm Guyer & Regules, Argentina’s M & M Bomchil Abogados and the New York office of Freshfields Bruckhaus Deringer LLP have helped Argentine airport investment group Corporación América obtain a US$180 million loan to finance two wind farms in Maldonado, Uruguay, in its first of several planned investments in the wind energy sector. The lending banks were advised by Uruguay’s Ferrere and the São Paulo, Washington and Madrid offices of Clifford Chance LLP.

15/05/2014
Uruguay

Stahl closes Clariant buy in Colombia

Colombia’s Brigard & Urrutia Abogados and Clifford Chance LLP in Paris and Amsterdam have helped Dutch leather company Stahl close the Colombian leg of its global acquisition of the leather services businesses of Swiss specialty chemicals company Clariant.

14/05/2014
Uruguay

New Bolivian foreign investment and mining code to provide clear rules

Soaring growth rates combined with two new pieces of legislation governing foreign investment and the mining industry have put Bolivia on the map for investors.

05/04/2014
Uruguay

Women in law – Uruguay edition

To coincide with the IBA’s 2014 Latin American Regional Forum, held in Punta del Este last month, the Cyrus R Vance Center for International Justice organised its latest women in the profession conference in Montevideo. Here, the partners of five Uruguayan firms who hosted the meeting tell us about the day.

06/03/2014
Uruguay

UTE signs Nordex turbine deal, seeks pension fund investors

FERRERE has helped Nordex sign an agreement with state energy company UTE to build a wind farm that could become the first renewable energy in the country.

27/02/2014
Uruguay

Nordex to build new wind park in South America for UTE

FERRERE has advised Nordex on the execution of a $ 275 million turnkey agreement for a wind farm to be built in Tacuarembó.

11/02/2014
Uruguay

FERRERE helps Ericsson bring 4G services to Bolivia

Swedish telecoms company Ericsson has turned to FERRERE Abogados Bolivia for an agreement with Entel.

08/02/2014
Uruguay

FERRERE appoints first female partner in Paraguay

FERRERE Abogados Paraguay has promoted corporate lawyer Marysol Estigarribia to the partnership, making her the first female partner at the Asunción office.

22/01/2014
Uruguay

Ferrere, Clifford Chance and White & Case in Clariant sale

Uruguay’s FERRERE has helped Dutch leather company Stahl buy the Uruguayan leather services business of Swiss specialty chemicals company Clariant.

14/01/2014
Uruguay

FERRERE advises Wendel Group on Clarint buy

FERRERE advised French based Wendel Group’s company Stahl on the acquisition of Clariant’s leather services business.

14/01/2014
Uruguay

FERRERE obtains unprecedented labor award for Katoen Natie

Ad hoc Arbitral Tribunal rules that Katoen Natie was entitled to denounce a collective bargaining agreement for breach of the peace clause.

12/12/2013
Uruguay

Reaching New Heights

The economies of Paraguay, Panama and Perú are on fire and investment opportunities are thriving.

10/12/2013
Uruguay

FERRERE assists UTE in record-breaking bond issuance

UTE (the Uruguayan state-owned electricity company) has once again turned to FERRERE for an issuance of bonds for USD 120 million.

30/11/2013
Uruguay

FERRERE helps NUSEED secure strategic alliance with IPB

FERRERE advised Australian company NUSEED, leader in seed technology, in connection with the negotiation of a strategic alliance with IPB seeds.

29/11/2013
Uruguay

FERRERE advised the IDBs IIC on Argentinian financing

FERRERE advised the Inter-American Investment Corporation on financing of the Argentinian company ERCSA.

29/11/2013
Uruguay

Paraguay seeks to plug infrastructure gap with PPP law

Paraguayan lawyers are heralding both an infrastructure boom and a crucial new phase in the country’s economic development.

26/10/2013
Uruguay

Uruguay prepares for more mega-projects with new mining law

A new mining code, brought in to calm public anger over Uruguay’s first mining mega-project, should help smooth the path for this and other projects.

19/10/2013
Uruguay

Wind of opportunity

Uruguay’s ambitious target of becoming a world leader in wind energy has provided lawyers in the country with the chance to hone their project finance skills.

19/09/2013
Uruguay

FERRERE obtains judicial victory for its client La Liga Sanitaria

The Administrative Appeals Court handed down a decision in favor of La Liga Sanitaria in an action for nullity filed by the company against a tax administration computation.

18/09/2013
Uruguay

FERRERE steers Pluna labour claim

FERRERE has helped recently-bankrupted Uruguayan airline Pluna defeat a complaint filed by a number of its pilots over overtime benefits.

03/09/2013
Uruguay

FERRERE in first-ever prison PPP bid

FERRERE is advising one of the bidders, CGL, which is a subsidiary of US real estate company Hunt, as well as British security company G4S.

31/08/2013
Uruguay

FERRERE helps Nielsen win data protection case

Uruguayan firm FERRERE has helped Nielsen win the dismissal of a lawsuit filed by powdered soft drinks brand Rinde2.

07/08/2013
Uruguay

FERRERE helps win fertilizer plant inspection contract in Bolivia

FERRERE Abogados (Bolivia) has helped Bureau Veritas win a contract with Bolivian state-owned hydrocarbons company YPFB.

06/08/2013
Uruguay

UTE eyes retail investors with USD 30 million bond offering

FERRERE has helped state-owned electricity company UTE make the largest ever issuance of retail bonds in Uruguay’s capital market.

06/07/2013
Uruguay

FERRERE scores football transfer deal

FERRERE has assisted with the first ever transfer of a rising Uruguayan football star to Manchester United, one of the leading teams in the Premier League.

05/07/2013
Uruguay

FERRERE broadens access to credit for Paraguay's low income workers

FERRERE Abogados Paraguay advised the IADB on funding a project targeted at expanding access to financial services among low-income workers in Paraguay.

02/07/2013
Uruguay

FERRERE puts finishing touches on renewable energy project

FERRERE has helped Nordex sign an agreement with Uruguay’s state energy company UTE.

28/06/2013
Uruguay

Paraguay enacts first ever competition law

For Néstor Loizaga, the principal challenge ahead will lie in “the appointment of the people who will be in charge of enforcing [the law].”

27/06/2013
Uruguay

Enactment of Competition Law - Paraguay

On June 21, 2013 law No. 4956 establishing a new regime concerning competition in Paraguay was enacted.

21/06/2013
Uruguay

FERRERE wins Telefónica antitrust violation case against regulator

Uruguay’s FERRERE has helped Telefónica successfully challenge a ruling from the country’s telecoms regulator.

05/06/2013
Uruguay

Latin Lawyer - Private Equity Uruguay 2013 by Andrés Cerisola

Andrés Cerisola, FERRERE’s managing partner, analyzes the big picture of private equity transactions in Uruguay.

14/05/2013
Uruguay

Open for business

With a rapidly growing economy and important legislative developments in the pipeline, Paraguay is a resource ready and waiting to be tapped.

10/05/2013
Uruguay

Ferrere helps meatpacker defeat bet-the-company case

Ferrere has helped one of Uruguay’s largest meat-packing plants, Frigorífico Carrasco, win a case worth almost the company's entire value.

26/04/2013
Uruguay

Cartes will bring economic growth and judicial reform

I believe this is a message from the voters who are saying ‘we are tired of traditional politics’” says FERRERE Abogados (Paraguay) partner Nestor Loizaga.

20/04/2013
Uruguay

Uruguay accedes to Convention 108

Uruguay has become the first non-European country to accede to the Convention for the Protection of Individuals with Regard to Automatic Processing of Personal Data.

12/04/2013
Uruguay

Ferrere in construction tie-up

FERRERE have assisted with the sale of a stake in Uruguayan civil works company Grinor to one of the country’s largest construction companies, SACEEM.

03/04/2013
Uruguay

Four firms in Greek shipping issuance

Greek shipping and logistics company Navios has turned to Uruguay’s FERRERE to issue bonds worth US$90 million.

23/03/2013
Uruguay

Latin Lawyer 250 country by country: Paraguay

Ferrere Abogados Paraguay, a branch of Uruguay’s largest firm, leapt from 12 lawyers to 18, an increase of 50 per cent that builds on similar growth in 2011

13/03/2013
Uruguay

Latin Lawyer 250 country by country: Bolivia

Although every firm featured in the Bolivian chapter of the guide grew over 2012, the biggest expansion came from Ferrere Abogados Bolivia.

06/03/2013
Uruguay

FERRERE obtains judicial victory for Discount Bank

The Administrative Claims Court ruled that the bank’s building, declared “national historical monument” does not “absorb liabilities” on computing Net Worth Tax.

14/02/2013
Uruguay

UTE buys first mega wind project

With the help of Uruguay’s Ferrere, Nordex has reached an agreement with Uruguayan state energy company UTE.

07/02/2013
Uruguay

Carlos Vasconsellos joined FERRERE as a partner in its Paraguay office

FERRERE is pleased to announce that Carlos Vasconsellos joined the firm as a partner in its Paraguay office on February 1st, 2013.

05/02/2013
Uruguay

Ferrere adds partner with US experience in Paraguay

Ferrere Abogados has hired Carlos Vasconsellos, an associate from the Miami office of Hughes, Hubbard & Reed LLP as partner in Paraguay.

01/02/2013
Uruguay

Scotiabank completes record Comercial buy

Ferrere has helped Scotiabank complete its acquisition of Banco Comercial, the largest banking M&A transaction in Uruguay’s history.

26/01/2013
Uruguay

FERRERE acts in Banco Comercial share purchase

FERRERE advised Scotiabank in US$ 50 million acquisition of remaining Uruguayan government preferred shares in Banco Comercial.

26/01/2013
Uruguay

Looking back at 2012

FERRERE hired US lawyer Lindsay Sykes, formerly an associate at Cleary Gottlieb Steen & Hamilton LLP, as partner in La Paz.

25/01/2013
Uruguay

FERRERE advises PALADIN in social housing projects

FERRERE advised PALADIN REALTY PARTNERS in the creation of a joint venture with PENINSULA INVESTMENTS GROUP and ALTIUS GROUP to develop real estate projects

23/01/2013
Uruguay

FERRERE advised Nordex in sale of Wind Farm to UTE

FERRERE advised NORDEX USA INC in the sale to UTE of a 70 megawatt wind farm to be located in Artigas, Uruguay, worth more than US$ 170 million.

22/01/2013
Uruguay

FERRERE helps Linzor Capital land in Uruguay

Linzor Capital Partners has acquired 100% of Farmashop, the largest pharmacy retail chain in Uruguay.

19/01/2013
Uruguay

Ferrere and PPV in Linzor pharma buy

Ferrere has helped Latin American asset manager Linzor Capital Partners acquire Uruguay’s largest pharmacy chain, Farmashop.

10/01/2013
Uruguay

Ferrere in Uruguay’s record bond issuance

Uruguay’s state-owned electricity company, UTE, has turned to FERRERE as deal counsel to issue bonds worth US$100 million.

08/01/2013
Uruguay

FERRERE helps UTE issue USD 100 million in bonds

FERRERE has advised the state-owned electricity company UTE in the largest issuance of bonds ever made in the Uruguayan capital market.

27/11/2012
Uruguay

Ferrere and Guyer team up for Old Mutual’s Uruguay buy

FERRERE advised Aiva Business Platform for the deal, which is of undisclosed value and was announced on 19 November.

09/11/2012
Uruguay

CCR completes triple airport buy with Curaçao closing

Uruguay’s FERRERE also advised the committee on the Ecuadorean leg of the deal.

27/10/2012
Uruguay

Ferrere Bolivia adds US lawyer to partnership

Ferrere Abogados Bolivia has boosted its corporate department with the addition of Lindsay Sykes as a partner, part of a fast-track expansion strategy.

26/10/2012
Uruguay

Ferrere promotes two in tax and insurance

Uruguay’s Ferrere has increased its partnership to 12 with the promotion of two associates in its tax and insurance practices.

09/10/2012
Uruguay

Ferrere obtains Uruguayan recognition of Agrenco arbitration award

Ferrere has secured a final ruling from Uruguay’s Supreme Court on behalf of Portuguese commodities distributor Agrenco Madeira.

18/09/2012
Uruguay

FERRERE obtains pro arbitration Supreme Courts ruling

The Supreme Court held that to oppose recognition of an arbitration award the defendant must prove that it was set aside in application of the NY Convention.

15/09/2012
Uruguay

FERRERE advises Lloyds Bank on sale of Uruguay operation

FERRERE assisted Lloyds Banking Group in the selling of its Uruguayan retail, commercial and corporate banking operations to Swiss group Banque Heritage.

15/09/2012
Uruguay

Firms close second leg of CCRs triple airport buy

Uruguay’s Ferrere also advised the committee on the Ecuadorean leg of the deal.

11/09/2012
Uruguay

Uruguay's Data Protection Act Wins Key EC Support

This is very important and very relevant news for Uruguay”, said Martin Pesce, a data protection expert with the Montevideo, Uruguay law firm Ferrere.

08/09/2012
Uruguay

Batanga acquires Uruguayan Internet company

FERRERE helps Batanga Media acquire Crovat, a Uruguayan digital services company.

07/09/2012
Uruguay

P&O secures CAF loan

Corporación Andina de Fomento (CAF) drew upon Ferrere Abogados (Paraguay), among others, on the deal.

22/08/2012
Uruguay

FERRERE secures final Court victory for the IFC

A Court of Appeals confirmed a judgment for the IFC and the IIC in a case filed by two bondholders of Granja Moro.

16/08/2012
Uruguay

BBVA Paraguay secures IADB loan

The Inter-American Development Bank has turned to Fererre in Paraguay to provide a US$16 million loan to BBVA Paraguay.

03/08/2012
Uruguay

Banco GNB Sudameris closes first issuance to finance HSBC buy

That deal saw GNB Sudameris agree to pay US$ 400 million for the assets, turning to FERRERE in Uruguay.

29/06/2012
Uruguay

After Lugo's impeachment, it's business as usual for Paraguay

It’s clearly constitutional and legal,” agrees Ferrere Abogados (Paraguay) partner Nestor Loizaga.

22/06/2012
Uruguay

FERRERE collaborates in the 2012 Latin America Corruption Survey

FERRERE Abogados collaborate with Miller & Chevalier Chartered and Matteson Ellis Law in a survey of companies spanning 14 countries in the Americas.

08/06/2012
Uruguay

ACI acquires distributor to restructure LatAam operations

FERRERE helps ACI Worldwide acquire Uruguayan distributor, as first step in Latin American restructuring.

25/05/2012
Uruguay

Ferrre in first Uruguayan REIT offering

Ferrere has helped Independencia and EF Asset Management structure the first real estate investment trust (REIT) to be offered on the Uruguayan market.

24/05/2012
Uruguay

Patagonia cleared from Madoff liability in Uruguay

Ferrere has helped Banco Patagonia see itself cleared from liability for a group of investors’ losses stemming from the Madoff ponzi scheme.

18/05/2012
Uruguay

Second Colombian snaps up HSBC assets

Ferrere Abogados have helped Colombia’s Gilinski group acquire HSBC’s businesses in Colombia, Paraguay, Peru and Uruguay.

09/05/2012
Uruguay

Invertir en inmuebles en Uruguay es cada vez más atractivo

Carlos Falco, asociado senior de FERRERE, presentó en SIMA 2012 las principales razones por las cuales Uruguay es un destino atractivo para los inversores.

08/05/2012
Uruguay

FERRERE secures victory for Banco Patagonia

A First Instance Court has dismissed the complaints against Banco Patagonia brought by individual investors in a Bernard Madoff’s fraud related claim.

28/04/2012
Uruguay

Geraldine Ifrán delivers a lecture

Geraldine Ifrán gave a lecture at the Conference organized by the International Association for Insurance Law.

15/03/2012
Uruguay

Banco Comercial shareholders refute compensation claim

Ferrere Abogados has helped former shareholders of Banco Comercial win a US$108 million case brought against them in Uruguay’s Court of Appeals.

13/03/2012
Uruguay

FERRERE helps Herbalife launch Uruguayan operation

FERRERE Abogados has acted as counsel to Herbalife in all the stages leading to the opening of its first Uruguayan company.

17/02/2012
Uruguay

Uruguay moved out of OECD tax transparency grey list

According to Ferrere Abogados partner Isabel Laventure, it was nevertheless considered something of a national embarrassment.

31/01/2012
Uruguay

Ferrere assists in Biogen’s expansion

Ferrere Abogados has helped biotechnology company Biogen Idec gain an operating licence for multiple sclerosis drug Avonex.

27/01/2012
Uruguay

FERRERE obtains Court victory in tax case

The write off of debts with foreign parties generates foreign sourced gains, not taxed in Uruguay.

21/01/2012
Uruguay

Ferrere helps nanotechnology company obtain licence

Ferrere Abogados has helped Uruguayan pharmaceutical company Nanokem obtain an operating licence from the Uruguayan Health Ministry.

12/01/2012
Uruguay

FERRERE obtains operating license for Biogen Idec

FERRERE acted as counsel for Biogen Idec –a leader company in biotechnology- in the obtaining of its operating license from the Uruguayan Health Ministry.

12/01/2012
Uruguay

FERRERE obtains operating license for Nanokem

FERRERE has acted as counsel for pioneer company in nanotechnology Nanokem in the obtaining of its operating license from the Uruguayan Health Ministry.

10/01/2012
Uruguay

Ferrere sees attachment lifted in Comercial litigation

Ferrere has helped JPMorgan Chase, Credit Suisse and Dresdner Lateinamerika lift an attachment over a US$170 million credit they have against Uruguay.

21/12/2011
Uruguay

FERRERE advises Scanntech in Sequoia deal

Uruguayan Tech-Company Scanntech obtained a US$ 10 million capital boost from Sequoia Capital for regional expansion.

17/12/2011
Uruguay

Sequoia makes first venture in Latin America

Uruguay’s Ferrere Abogados have helped secure a US$10 million capital injection for Uruguayan company Scanntech from US investment fund Sequoia Capital.

03/12/2011
Uruguay

FERRERE advises on labour legislation overhaul

Ferrere Abogados has assisted the International Labour Organization (OIT) in a review of retirement and pensions underway in Uruguay.

03/12/2011
Uruguay

OIT hires FERRERE to assist in Social Security Dialogue

FERRERE was hired to provide support to the employers’ organizations for the formulation of proposals of amendments to existing legislation.

29/11/2011
Uruguay

FERRERE advises lenders in Montes del Plata financing deal

Ferrere has advised the Inter-American Development Bank and a syndicate of banks in granting a credit facility to Montes del Plata for US$ 1.354 billion.

29/11/2011
Uruguay

Ferrere helps Asociación Española issue US$38 million

Uruguayan firm Ferrere Abogadoshas advised Asociación Española, one of Uruguay’s largest health care providers, on a trust bond issuance.

08/11/2011
Uruguay

Ferrere closes four plastic loans in Bolivia

Canada’s Northstar Trade Finance has turned to the Bolivian office of Uruguay’s Ferrere Abogados to close four multimillion US-dollar loans.

03/11/2011
Uruguay

Ferrere Abogados helps with CAF loan to Paraguay

Ferrere Abogados has advised the Andean Development Corporation (CAF) in the signing of a US$75 million loan agreement with the Paraguayan government.

29/10/2011
Uruguay

FERRERE wins case for BANQUE HERITAGE

FERRERE ABOGADOS obtained a favorable decision for client Banque Heritage for USD 1,080,000.

27/10/2011
Uruguay

Ferrere in Bolivian employment win

Ferrere Abogados’ Bolivia office has helped Cooperativa de Telecomunicaciones win an employment arbitration brought by the telecoms company’s union.

27/10/2011
Uruguay

FERRERE secures victory for the IFC

The ruling was issued in a case brought by creditors of Granja Moro.

26/10/2011
Uruguay

FERRERE scores a win in case of faulty construction of luxury building

FERRERE obtained a favorable ruling in a case of civil liability for the faulty construction of a luxury building in Montevideo.

26/10/2011
Uruguay

FERRERE wins a USD 85 million tax case in Uruguay

The Uruguayan Court of Administrative Claims ruled in favor of JPMorgan Chase, Credit Suisse and Dresdner Lateinamerika in tax case.

25/10/2011
Uruguay

FERRERE obtains favorable ruling in malpractice case

FERRERE obtained a favorable ruling for Hospital Británico in a case that involved outsourcing of facilities between health care institutions.

15/10/2011
Uruguay

FERRERE advises Pronto! in loan securitization

FERRERE Abogados advised on the most successful securitization of consumer loans in Uruguay.

08/10/2011
Uruguay

Ferrere helps with IFC loan to Paraguayan agriculture

Ferrere Abogados' office in Paraguay has assisted the IFC in granting a one-year US$25 million loan facility to Paraguayan company Agrofértil.

28/09/2011
Uruguay

FERRERE advises banks in second Comercial win

FERRERE Abogados has helped three former shareholders and bond underwriters of Banco Comercial win a case in a Uruguayan bankruptcy court.

24/09/2011
Uruguay

Argentine investor wins right to arbitration in Uruguay

An Argentina-based investment group has won a decision from a Uruguayan court.

08/09/2011
Uruguay

URSEA turns to Ferrere to draft regulations

Uruguay's Water and Power Supply Regulatory Agency (URSEA) has turned to Ferrere Abogados to help draft laws and regulations relating to energy and water use.

01/05/2011
Uruguay

Getting the Deal Through - Securities Finance

The Uruguay chapter to the Getting the Deal Through - Securities Finance 2011 publication.

30/04/2011
Uruguay

FERRERE helps creating the Uruguayan Agency of International Cooperation

Uruguay’s Planning and Budget Office retained FERRERE to provide assistance with the implementation and regulation of the Agency of International Cooperation, which was officially launched on April 28, 2011.

29/04/2011
Uruguay

FERRERE incorporates the intellectual property practice of Mónica Bacot & Asociados

FERRERE announced today that it has incorporated the intellectual property practice of Mónica Bacot & Asociados as part of its professional team.

04/12/2010
Uruguay

Ferrere opens new office in Punta del Este

As another step in the firm's policy of expansion, FERRERE Abogados has opened a new office in Punta del Este, their fifth in Uruguay and eighth on Latin America.

05/11/2019
Bolivia

Bolivia: Work Activity during Civilian Strike

As is widely known, Bolivia is currently facing a delicate political and social moment that has triggered a civilian strike that includes roadblocks in various departments and cities across the country, making it impossible for work activities to be carried out as usual.  

25/10/2019
Paraguay

New deadlines and sanctions in connection with the exchange of bearer shares in Paraguay

The Executive Branch recently enacted Law No. 6399/ 2019 that modifies law No. 5895. The new law was enacted in response to the 40 recommendations given by the International Financial Action Task Force (known by its acronym FATF).

23/10/2019
Paraguay

Paraguay: Temporary modification of articles 129, 141 and 251 of the criminal procedure code

These articles of the Criminal Procedure Code will return to their original text on February 1, 2020.

23/10/2019
Paraguay

Paraguay: Modification of article 245 of the criminal procedure code limiting the application of preventive detention

The modification now allows alternative measures to be maintained until the end of the criminal process.

23/10/2019
Ecuador

Ecuador: The Cooperation Agreement for the formation of the Interinstitutional Liaison Group for Asset Recovery (GEIRA) is signed

This alliance is part of the plan to strengthen anti-money laundering policies carried out by the Financial and Economic Analysis Unit (UAFE), and its objective is to be more effective in complying with the law to recover assets.

23/10/2019
Uruguay

Uruguay: Previous report of SENACLAFT on the award of Public-Private Shares (“PPP”)

Prior to the definitive adjudication in the contracts under the PPP regime, a previous report of the SENACLAFT must be available (which may consult the Unit Information and Financial Analysis) regarding the suitability of the final beneficiaries of the awarded entity and the origin of the funds in question.

23/10/2019
Uruguay

Uruguay: Modifications and enforcement of the Fiscal Transparency Law

The National Internal Audit, the comptroller body in the matter of the Fiscal Transparency Law, has begun to monitor compliance with the regulations.

23/10/2019
Uruguay

Uruguay: Cooperation agreement between SENACLAFT and the Secretary for Sports

The agreement is part of a series of measures that address the economic transparency of nonprofit organizations, understanding sports entities as one of the vulnerable sectors within the non-financial obliged subjects.

23/10/2019
Uruguay

Uruguay: Comprehensive Antiterrorism Law approved and regulated

The Law and the Decree consolidate and update anti-terrorism financing legislation and the application of financial penalties against persons and entities related to terrorism, its financing, and proliferation of weapons of mass destruction.

23/10/2019
Uruguay

Best practices guide for prevention of asset laundering and terrorism financing in nonprofit organizations

According to SENACLAFT, the features and purpose of such entities makes them vulnerable to being used by criminal organizations for money laundering or terrorism financing activities.

23/10/2019
Bolivia

The UIF approved a new Compliance Instruction for Financial Intermediation Entities

The objective of this Instructive is to establish specific guidelines for the implementation of the risk management of Legitimation of Illicit Profits, Financing of Terrorism and/or Previous Crimes, in activities developed by the Financial Entities regulated by the Financial System Supervision Authority (ASFI).

22/10/2019
Regional

Protection of geographic indications and appellations of origin proposed by EFTA

In the context of the ongoing negotiations between Mercosur and the European Free Trade Association (EFTA*), the Paraguayan and Uruguayan Industrial Property offices have circulated the list of geographical indications and appellations of origin provided by EFTA with a view to their protection in Mercosur.

27/09/2019
Paraguay

The Executive Branch passed Law No. 6,380 for Modernization and Simplification of the National Tax System

On September 25th, 2019, the Executive Branch enacted the Law N° 6.380 of “Modernization and simplification of the national Tax System” (the “Law”). The Law will enter into force within 90 days after its enactment.

Tax
19/09/2019
Ecuador

Personal Data Protection Code

The new law seeks to protect personal information that for any reason must be shared in order to access certain products or services.

17/09/2019
Uruguay

Uruguay: New procedure for accelerating examination of Uruguayan patent applications

As from September 1, 2019 the Uruguayan Patent Office has made available to patent applicants with applications filed prior to January 1, 2017, a Pilot Procedure for taking Advantage of Results (PAR).

05/09/2019
Uruguay

Paraguay tenders bridge construction worth US$ 160 million

The works will consist in the construction of a 450-meter cable-stayed bridge over the Paraguay River, between Asunción and Chaco’i, as well as the paved accesses to the bridge. The execution term of the works is 36 months with an expected start in the year 2020.

16/08/2019
Uruguay

Uruguay: Companies must show they know their shareholders and ultimate beneficiaries

Corporate Oversight Authority (AIN) inspections are underway to verify compliance with ultimate beneficiary identification rules.

02/08/2019
Paraguay

Paraguay will tender turnkey works for USD 760 million

The Republic of Paraguay (the “ROP”) will tender turnkey works for USD 760 million under the framework provided in Law 5.074 / 13 (“Law 5074”).

29/07/2019
Ecuador

Government of Ecuador announces the delivery of new mining concessions

Deputy Minister of Mining (Fernando Benalcázar) told El Comercio that the mining cadastre is scheduled to open in the first half of 2020.

22/07/2019
Paraguay

Paraguay grants sovereign guarantee to projects for distribution and transmission of electric power

On June 28, 2019, Paraguay enacted Act No. 6324/19. The Act grants sovereign guarantee to debt related with certain projects for the distribution and transmission of electric power by the Administración Nacional de Electricidad, the government´s utility company. This is a major shift in the way ANDE has been structuring bidding processes´ and will allow greater participation of the private sector, especially on the financing side of the transaction.

19/07/2019
Paraguay

Paraguay: Modifications to credit and debit card regulations

The Paraguayan Central Bank (the "BCP"), by its Resolution No. 10, Act No. 49 of July 12, 2019, amended and broadened the rules regarding the fees and charges for administration and operation of credit and debit cards.

11/07/2019
Paraguay

The competition agency in Paraguay raised the fees for merger control filings

The governmental agency responsible for enforcing the competition framework in Paraguay (Comisión Nacional de la Competencia or “CONACOM” for its Spanish Acronym), issued a new resolution raising the applicable fees for merger control filings.

26/04/2019
Paraguay

Paraguay: New regulation regarding the communication of the transferring of funds abroad for acts of international commerce

On March 6th, 2019, the Secretariat of Prevention of Money Laundry (“SEPRELAD” as per its Spanish acronyms) issued the Administrative Order N° 56/19 (the “Order”).

15/04/2019
Paraguay

Paraguay: FERRERE advises on international issuance for USD 300 million

FERRERE acted as special Paraguayan counsel to BBVA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., and Itau BBA USA Securities, Inc., as initial purchasers, in the offering and tender offer by Telefónica Celular del Paraguay S.A.E. of US$300 million 5.875% Senior Notes under Rule 144A and Regulation S, due 2027.

28/03/2019
Paraguay

Paraguay: New regulation for capital markets

In March 2019, the Paraguayan National Securities Commission, or "CNV", issued Resolution No. 1/2019 the "Resolution"), contemplating key provisions relating to the offering of securities in Paraguay.

11/12/2018
Paraguay

Paraguay: New anticorruption bills

In November 12 anticorruption bills were filed at Congress to reinforce Paraguay’s anticorruption framework.

11/12/2018
Bolivia

Bolivia: New AML Reporting Obligation for Public Notaries

Public notaries must identify the ultimate beneficiary of the service and verify its identify prior to providing the notarial service. 

11/12/2018
Bolivia

Under Analysis: Project of Law for a national strategy against money laundering and terrorism financing

Bolivian congress is considering a bill of Law whose objective is to draw up a strategy to fight against the legitimization of illicit profits and the financing of terrorism.

11/12/2018
Bolivia

Bolivia: Information system for transparency, prevention and fight against corruption (SITPRECO)

On March 15, 2018 the SITPRECO system was implemented. SITPRECO is a computer information system of the Ministry of Justice and institutional transparency containing information on transparency, prevention and fight against corruption.

11/12/2018
Ecuador

Ecuador updates anti-money laundering rules

Its objective is to specify details (that did not contain the previous rule) regarding the policies, procedures and mechanisms to prevent money laundering, terrorist financing and other crimes, which must observe the obliged subjects or companies, regulated by the Superintendence of Companies, Securities and Insurance.

11/12/2018
Uruguay

Uruguay to be evaluated by Gafilat

This evaluation process will consist of preparation of questionnaires, visits by evaluators, and publication and follow-up on the evaluation for purposes of assessing where the country is per international standards.

11/12/2018
Uruguay

Uruguay prepares strategy for the Fight against Money Laundering, Terrorism Financing and Proliferation of Weapons of Mass Destruction

This national strategy contains a detailed action plan that establishes 16 objectives, with specific targets and actions for mitigating the risks identified in the different areas.

11/12/2018
Uruguay

Uruguay: Comprehensive Anti-Terrorism Bill of Law

Parliament is studying a bill of law seeking to bring national legislation in step with international anti-terrorism standards.

11/12/2018
Uruguay

Uruguay: register of holders of registered participations and ultimate beneficiaries

During 2018 entities have been complying with the obligations set forth in the Tax Transparency Law, No. 19,484.

11/12/2018
Uruguay

Uruguay: Register of nonfinancial sector regulated persons

This Secretariat estimates that the total number of regulated persons will be approximately 30,000.

11/12/2018
Uruguay

Uruguay: Nonfinancial sector regulator

During 2018 the National Anti-Money Laundering and Terrorism Financing Secretariat (Senaclaft) continued the visits and inspections it had been conducting systematically in 2017 of the various regulated nonfinancial persons and entities.

11/12/2018
Uruguay

Uruguay: financial and nonfinancial sectors prepare regulations for Law No. 19,574

The BCU and the Senaclaft are in the process of preparing regulations for the financial and nonfinancial sectors under Law No. 19,574.

11/12/2018
Uruguay

Uruguay approves “Comprehensive Anti-Money Laundering Law”

The purpose of the law is to codify, systematize and update current anti-money laundering provisions.

10/12/2018
Paraguay

Paraguay: Transparency in the Regime of Companies Constituted by Shares

On June 12, 2018, Decree 9,043/18, which regulates Law 5,895/17 "Which establishes rules of transparency in the regime of companies by shares", was enacted.

10/12/2018
Paraguay

Paraguay: Regulations for the Purchase of Portfolios of Consumer Credits by Banks, Financial Institutions and other Subjects supervised by the BCP

The BCP issued Resolution 14/18, establishing rules for the purchase by banks, financial or other supervised entities of consumer credit portfolios to persons or companies not supervised by the BCP.

10/12/2018
Paraguay

Modification of the Central Bank of Paraguay’s Organic Law

Through Law No. 6,104, enacted on July 3, 2018, the organic law of the Central Bank of Paraguay ("BCP") was amended, establishing a series of regulations aimed at improving compliance in the financial sector.

03/12/2018
Paraguay

Paraguayan Supreme Court of Justice held a new criterion on unconstitutionality related to income tax payment applicable to local holdings´ of local corporations

Recently, the Constitutional Chamber of the Supreme Court of Justice (the "SCJ" for its Spanish acronym) issued Decisions No. 484 dated July 4, 2018 and No. 831 dated September 12, 2018. 

04/09/2018
Bolivia

Bolivia keeps moving towards tax transparency

With this law, Bolivia has taken important steps towards transparency and exchange of tax information, aligning local regulations with international standards.

Tax
04/09/2018
Bolivia

Tax regularization program Law

We detail the most relevant aspects regarding the regularization of tax debts in the different scenarios.

Tax
30/05/2018
Ecuador

Ecuador: Urgent Economic Bill of Law Project presented to National Assembly

In his report to the nation on May 24, 2018 the President of the Republic, Lenin Moreno, delivered to the National Assembly an urgent economic bill of law titled Organic Law for Productive Development, Attraction of Investments, Job Creation and Fiscal Stability.

20/03/2018
Ecuador

Ecuador: Internal Revenue Service resolutions - Mining

Three Internal Revenue Resolutions on the mining sector were published in Official Registry Supplement No. 202 on March 16, 2018.

07/03/2018
Bolivia

Bolivia: modification to the bolivian tax loss carry forward regime

The only modification consists on the incorporation of banking and finantial entities under the regulation.

Tax
08/01/2018
Paraguay
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