Jorge Ignacio Gross Brown


Asunción, Paraguay.

Tel.+595 21 444-426

General Information

Practice Areas: Corporate, Banking and Finance Law, Capital Markets, Infrastructure, Real Estate & Construction.

Education: New York University School of Law (Master of Laws in Corporate Law LL.M, 2009), Universidad Católica de Asunción (Attorney at Law, Highest Honors, 2007), Washington College, Maryland, USA (BA in Economics and Political Sciences, 2001).

Languages: Spanish, English.

Jorge Ignacio’s main practice areas are Banking Law, Capital Markets, Infrastructure and Real Estate assisting clients in complex cross border transactions. In addition, Jorge Ignacio acts as managing partner of our firm.

Jorge Ignacio also worked at New York Law Firm Fox, Horan & Camerini LLC.


Jorge Ignacio has assisted Natixis in a multi-jurisdiction secured finance transaction; ING Bank in several pre export facilities to local Paraguayan soyabean exporters; Citibank jointly with OPIC in finance transactions to local financial entities; and BLADEX in pre-export finance transactions to local soyabean producers.

Jorge Ignacio led the team that acted as exclusive local legal counsel for: (i) BBVA Paraguay as issuer in a Reg.S/R144 bond offering under New York Law for an aggregate amount of USD $100,000,000; (ii) Millicom International and its local subsidiary cell phone operator Telecel S.A. as issuer in a Reg. S/R144 bond offering for an aggregate amount of USD $300,000,000; Citibank, Bank of America/Merril Lynch, Itau and JP Morgan, respectively, as underwriters, in the only four sovereign bond offering by the Republic of Paraguay. He has acted as lead local counsel in capital markets transactions that exceed the sum of USD $ (bn).

Jorge Ignacio also advised HSBC Group in the sale of its local affiliate to Colombia’s GNB Group in a multi jurisdiction regional exit of its banking business; Chemo Group of Spain in acquiring a 50% stake in a Paraguayan pharmaceutical company; a local Paraguayan agribusiness company to a group of Brazilian investors in a $30,000,000 deal; and an Argentinean Group in the purchase of the local agribusiness company in a $25,000,000 deal; Rabo Bank in the purchase of 40% of the total equity of Banco Regional (a Paraguayan bank); ABN Amro Bank in the sale of its banking assets to Banco Regional; Shell in its country divestiture and sale of local assets to Petrobras; Shell in the sale of its local forestry assets to Chemo Group.

Jorge Ignacio has advised Grupo Fen from Argentina in its investment in the real estate sector in Paraguay. Grupo Fen is currently building four 30 story plus towers including two hotels and two residential apartment buildings. Jorge has helped structure Grupo Fen’s investment model and advises the client on a daily basis. He also represents AGB Constructions, one of the major construction companies in Paraguay. Jorge Ignacio has also assisted many foreign investors in setting up their real estate business in Paraguay.

Jorge Ignacio has set up BQB Airline’s (a Uruguayan airline) operations in Paraguay. BQB Airlines flies a route between Montevideo and Asunción. Jorge Ignacio advises BQB Group on its daily affairs.

Jorge Ignacio has actively participated in the discussion and debate of the recently enacted PPP Law. He has led the team that advised ACS (Spain) in the prequalification as a sponsor in the first PPP prejct in Paraguay (Routes 2 and 7). Jorge actively advises major banks in the finance structures for turn-key projects (Ley 5.074) and P3 projects.