Verónica Franco

Verónica Franco is a partner at the Paraguay office in Asunción and specializes in complex corporate and financial transactions and competition law.

Verónica Franco is a partner at the Paraguay office in Asunción and specializes in complex corporate and financial transactions and competition law.

She has been principally involved in matters related to foreign investment and the launching of new products, mergers and acquisitions, anticompetitive practices and merger control, project finance, joint ventures, commercial and distribution agreements, bilateral and syndicated loans, as well as securities issuance in the local and international capital markets. Verónica advised financial institutions such as Citibank N.A., Bank of America, JP Morgan, Deutsche Bank, Credit Suisse and the Interamerican Development Bank as well as corporations such as Unilever, Syngenta Elkem, Saint Gobain, and Facebook.

She has experience advising sovereigns, multilaterals and public and private companies, including digital platforms and new technologies.

She is admitted to practice law in Paraguay and in the State of New York. Between 2015 and 2017 she was an international lawyer at Cleary Gottlieb Steen & Hamilton LLP, where she had substantial exposure to high-profile cross-border corporate and financial transactions across Latin America.

In addition, she also regularly teaches at postgraduate level in corporate and competition law in Paraguay.


  • AIJA (International Association of Young Lawyers)
  • International Bar Association
  • Paraguayan Bar Association
  • New York State Bar Association (NYSBA)
  • Section of International Law del American Bar Association


  • Attorney, National University of Asunción (Paraguay)
  • LL.M. degree, Columbia Law School (United States), 2015.


"She is very good at corporate work and is knowledgeable in all the matters we ask of her. She is a lawyer with a bright future ahead of her."

Chambers Latin America / Corporate & Commercial / 2020

Next Generation Lawyer

Legal 500 / Banking & Finance / 2019

Next Generation Lawyer

Legal 500 / Corporate / 2019

FERRERE advises Eastern Airlines on its authorization to operate in Paraguay

With this, direct connectivity between Miami and Asunción –that had been cut off since 2015- will be reinstated.


PARAGUAY: New sanctions for breaches of Competition law in force since March 26, 2020

On March 26, 2020, Decree No. 3488/2020 that modifies and regulates more specifically, the duty to cooperate with the Competition Authority (“CONACOM” for its Spanish acronym).


Securities Exchange Commission approves an extraordinary regime for the issuance of short-term notes to tackle the consequences of COVID-19

The Paraguayan Securities Exchange Commission (Comisión Nacional de Valores) issued Resolution approving a temporary and extraordinary regime for issuing companies (SAE or SAECA) to issue short-term notes to meet their working capital needs and to restructure debt.


About contracts and pandemics: ¿can COVID-19 be a force majeure event?

A few months ago, probably no-one, as farsighted and responsible as someone can be, could have foreseen the current public health situation we are facing as a result of the COVID-19 outbreak. 


Chambers Global once again recognizes FERRERE

Chambers Global, the Chambers & Partners guide that brings together information on the international law market, once again recognized FERRERE in the four jurisdictions in which it has a presence.


FERRERE advised the initial purchaser banks on the USD 250 million reopening of bonds by Telecel on the international capital market

FERRERE Paraguay acted as local counsel to BBVA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., and Itau BBA USA Securities, Inc., as initial purchasers on the reopening of USD 250 million bonds issued under Rule 144A and Reg S rated 5.875% due 2027 by Telefónica Celular del Paraguay S.A.E. (Telecel) in the international capital markets.


Paraguay: The government enacted a new law requiring registration and notification of final beneficiaries, among other new obligations

Law No. 6446/19 and its regulatory decree enacted on January 10 created a new register of entities and final beneficiaries. 

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