Investing In... 2026

Bra

PARAGUAY

Bolivia

Brazil

Paraguay

Law and Practice Contributed by: Manuel Arias, Carla Sosa, Martin Carlevaro, Milena Sljivich, Alexander Berkemeyer and Antonio Villa Berkemeyer BKM - Berkemeyer

Asunción

Argentina

Contents 1. Legal System and Regulatory Framework p.420 1.1 Legal System p.420 1.2 Regulatory Framework for FDI p.420 2. Recent Developments and Market Trends p.421 2.1 Current Economic, Political and Business Climate p.421 3. Mergers and Acquisitions p.422 3.1 Transaction Structures p.422 3.2 Regulation of Domestic M&A Transactions p.422 4. Corporate Governance and Disclosure/Reporting p.423 4.1 Corporate Governance Framework p.423 4.2 Relationship Between Companies and Minority Investors p.423 4.3 Disclosure and Reporting Obligations p.423 5. Capital Markets p.424 5.1 Capital Markets Overview p.424 5.2 Securities Regulation p.424 5.3 Investment Funds p.425 6. Antitrust/Competition p.425 6.1 Applicable Regulator and Process Overview p.425 6.2 Criteria for Antitrust/Competition Review p.426 6.3 Remedies and Commitments p.426 6.4 Antitrust/Competition Enforcement p.426

7. Foreign Investment/National Security p.427 7.1 Applicable Regulator and Process Overview p.427 7.2 Criteria for National Security Review p.427 7.3 Remedies and Commitments p.428 7.4 National Security Review Enforcement p.428 8. Other Review/Approvals p.429 8.1 Other Regimes p.429 9. Tax p.430 9.1 Taxation of Business Activities p.430 9.2 Withholding Taxes on Dividends, Interest, Etc p.431 9.3 Tax Mitigation Strategies p.431 9.4 Tax on Sale or Other Dispositions of FDI p.432 9.5 Anti-Evasion Regimes p.432 10. Employment and Labour p.433 10.1 Employment and Labour Framework p.433

10.2 Employee Compensation p.433 10.3 Employment Protection p.433

11. Intellectual Property and Data Protection p.433 11.1 Intellectual Property Considerations for Approval of FDI p.433 11.2 Intellectual Property Protections p.433 11.3 Data Protection and Privacy Considerations p.434

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