Verónica Franco

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

Veronica Franco is a partner at the Paraguay office in Asunción and specializes in complex corporate and financial transactions. She also leads the competition practice of FERRERE being involved in more than half of the merger control proceedings submitted before the competition authority in Paraguay in the last year.

In the corporate and financial area, she has been principally involved in matters related to mergers and acquisitions, foreign investment and the launching of new products, 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 y Credit Suisse as well as corporations such as Unilever, Syngenta Elkem, Saint Gobain, and Facebook.

In the competition area, Veronica has represented major economic groups in merger control proceedings before the competition. Veronica also regularly advises clients on matters related to anticompetitive practices and abuse of dominant position in a wide range of markets.

Veronica 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.



  • 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 Grupo Vázquez on important financial acquisition

The transaction was unconditionally authorized by the local competition regulator.


FERRERE advises Itaú on new acquisition in Paraguay

As a result, Grupo Itaú will be positioned to develop a new area of operations within the insurance sector.


FERRERE again ranked TIER 1 in all IFLR1000 areas

FERRERE continues to be positioned as one of the most prestigious and experienced firms in the region in three key areas: Project Financing, Banking and Finance, and Corporate.


Geraldine Ifrán and Verónica Franco recognized as leaders in the IFLR1000 Women Leaders 2021

They were distinguished for their experience, and for having led some of the most relevant and complex transactions in the region’s legal market.


FERRERE advised Hidrovias do Brasil on the acquisition of logistics company Imperial Group in Paraguay

The acquired companies operate a fleet of more than 90 vessels and move an estimated 1.6 million tons of dry bulk cargo a year.


Chambers Global spotlights FERRERE in its 2021 ranking

The international publication particularly notes the firm’s work in Banking & Finance, as well as in Corporate, Commercial, and Mergers & Acquisitions.


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.

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