Vouga Abogados

As part of Paraguay's commitment to the International Financial Action Task Force of Latin America (GAFILAT), in November 2019, the Executive Power enacted Law No. 6446 that creates a “General Directorate of People and Legal Structures and Final Beneficiaries ” Under the Ministry of Finance (hereinafter the Law), which will have the following functions:  Acting as the authority of application, replacing the Treasury Law, of Law No. 5895/2017 “Establishing Transparency Rules in the Regime of Companies Incorporated by Shares”. Set the guidelines for administrative registration and supervision of persons and legal structures...

Traditionally financial institutions have preferred litigation over international arbitration. The reasons are many, but they are mainly related to the fact that arbitrators generally lack the power to render summary judgments, to grant interim measures, and that there is no precedent in international arbitration. However, international arbitration has gain ground in the last few years, due to the fact that arbitral institutions have addressed the main criticisms to the system...

Vouga Abogados assisted Tape Pora S.A. in a new issuance of bonds aimed at partially financing the works in connection with the construction, duplication and adaptation of Route No. 7 "Gaspar Rodríguez de Francia" located in the Pastoreo and Minga Guazú area. The total amount of the bonds placed was equal to 65 billion guaraníes (nearly US$ 10 million) and were entirely acquired by local investors. The bond issuer and the bondholders signed an agreement aimed at the acquisition of the bonds issued and listed by the bond issuer at the Stock Exchange of Asunción (i.e."Bolsa de Valores y Productos de Asunción S.A. (BVPASA), under the PEG04 Global Issuance Program...

Vouga Abogados has had the opportunity to represent the firm PARAGUAY REFRESCOS S.A. (PARESA), Coca-Cola’s franchisee in Paraguay, in a lawsuit against it on moral damages and emerging damages for an alleged non-consensual use of the image of a person in an advertisement. The First Chamber of the Civil, Commercial and Labor Court of Appeals of the Central Jurisdiction confirmed the decision of the Civil and Commercial First Instance Court of the city of San Lorenzo, which had already ruled in favor of PARESA, rejecting plaintiff's allegations (first instance decision: S.D. No. 11/2015; second instance decision: Ac. y Sent. No. 147/2019)...