Category: Blog

17 Nov 2020
Defining when it is convenient to agree to arbitration or another  dispute resolution method is an essential issue that should not be taken lightly as it is often done. While the dispute resolution clause is not applied in ideal cases where there is no divergence between the parties, such a clause can be crucial in...
30 Oct 2020
On September 23, 2020, with the pronouncement of the House of Representatives, the Paraguayan Congress lifted the veto of the Executive Power to Law No. 6534/2020 “of the protection of personal credit information.” Therefore, according to the National Constitution, the Executive Power is obliged to promulgate the law. Consequently, this law will enter into force...
19 Oct 2020
What are the benefits of the Exchange Invoice?
The recently enacted Law No. 6542/2020, which will come into force in mid-December 2020, regulates three legal figures: the factoring contract, the exchange invoice, and the SEOG (Electronic System of Guaranteed Operations, “SEOG” for its Spanish acronym). In this article, we will analyze the exchange invoice. The regulation of the exchange invoice was a debt...
01 Oct 2020
When creating a user to use an app or registering for a subscription to a website, we usually find ourselves with a final step: accepting the privacy policies with the typical legend, “I have read and accept the privacy policies.” As users, we tend to go through this last step quickly, accepting the privacy policies...
15 Sep 2020
Running a business is not a simple matter. Many businessmen prioritize and dedicate 100% of their resources and efforts to the commercial development of the business. This generally results in leaving for a second stage the fulfillment of legal obligations related to the management of a corporation (sociedad anónima). However, from the outset, it is...
03 Sep 2020
The Secretariat of Prevention of Money or Asset Laundry (as its acronym in Spanish “SEPRELAD”), is a governmental entity constituted as a Financial Intelligence Unit (FIU) of the Republic of Paraguay. SEPRELAD is in charge of regulating the obligations, actions, and procedures designed to prevent the use of the financial system and other sectors of...
24 Aug 2020
“Better safe than sorry” is a phrase that personally reminds me of my father, who has always provided me with a set of recommendations for many things. However, in several cases these recommendations were not implemented, and consequently, unfortunate events occurred. Although this may often happen to us in our private lives, companies often face...
17 Aug 2020
The Business Income Tax (or IRE, by its acronym in Spanish) was created by Law No. 6380/19 “Of Modernization and Simplification of the National Tax System,” and put into effect through Decree No. 2787/19. The new Tax is in force from 2020 for all taxpayers, with different effective dates according to the time of the...
10 Aug 2020
As a starting point, an “employer” is any person or entity that utilizes the services of one or more workers, in virtue of a labour contract¹. As an employer, there is an extensive list of obligations that you must fulfill to comply with the applicable labour norms. In this article, we will go through the...
03 Aug 2020
Incoterms
“Incoterms®” is a trademark of the International Chamber of Commerce (ICC) used to designate the set of rules created by the ICC, which is widely recognized as the world’s most prestigious business organization. The first appearance of these rules goes back to 1936, due to the rising necessity of adopting uniform international rules for trade....