Investing In... 2026

PARAGUAY LAW AND PRACTICE Contributed by: Manuel Arias, Carla Sosa, Martin Carlevaro, Milena Sljivich, Alexander Berkemeyer and Antonio Villa Berkemeyer, BKM - Berkemeyer

BKM - Berkemeyer is a leading Paraguayan law firm renowned for its comprehensive legal services and its strong focus on client success. With a team of more than 60 highly skilled lawyers across two offices in Asunción and one in Ciudad del Este, the firm has ex - tensive expertise in facilitating investments in Para - guay. This includes advising on corporate structuring, due diligence, regulatory compliance, tax optimisa - tion and dispute resolution. Its deep understanding of the Paraguayan market, coupled with its international

network, enables it to seamlessly guide foreign in - vestors through all stages of their projects. The firm’s recent work highlights its capabilities, including ad - vising a multinational telecommunications company on complex acquisitions and assisting a leading ag - ribusiness firm with establishing operations in Para - guay. Beyond investments, the firm offers specialised expertise in areas such as M&A, finance, tax, intel - lectual property and energy.

Authors

Manuel Arias is a partner at BKM - Berkemeyer and specialises in corporate, finance and antitrust matters. He has extensive experience in corporate and financial transactions (national and international),

Martin Carlevaro is a partner at BKM - Berkemeyer and has more than 20 years’ experience in advising on contractual, regulatory, corporate, finance and M&A matters in the infrastructure and energy sectors,

notifications of economic concentration operations, landmark summary proceedings for anti-competitive conduct and the resolution of highly complex corporate disputes. He holds an LLM from Columbia University, NY, and a specialisation in contracts and civil liability from Salamanca University in Spain.

with a focus on cross-border transactions. He specialises in project finance, public works, concessions and public-private partnerships, having worked on the development of more than 30 projects in the USA, Brazil, Colombia, Peru, Chile, Uruguay, Paraguay and Argentina. He has an MBA from Austral University and other postgraduate degrees in oil and gas law, business law, state contracts and public infrastructure and financial and banking law.

Carla Sosa is a partner at BKM - Berkemeyer, where she co-leads the antitrust and corporate law areas. She has over 12 years’ experience in business consulting, commercial litigation and arbitration. Her practice

Milena Sljivich is a partner at BKM - Berkemeyer and focuses her practice on corporate, finance, infrastructure, energy and capital markets, advising national and international clients. She holds an

focuses on advising on mergers and acquisitions, joint ventures, due diligence processes, commercial agreements, distribution, agency, representation and foreign investments, investment projects and business restructuring and antitrust merger reviews and summary proceedings. She has a specialisation in antitrust from Carlos III University of Madrid and a postgraduate degree in competition from Torcuato Di Tella University.

LLM from New York University, School of Law and was admitted by the NY State Bar to practise law in the State of New York, USA, in 2018.

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