Business counsel and dispute resolution in Paraguay.

A Paraguayan law firm advising and representing clients in civil, commercial, banking and corporate matters, from risk prevention to dispute resolution.

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A boutique firm with sound judgment and personal attention.

[ Photo: team or office ]
Quesada 5126, AsunciónThe Firm

Vargas Peña Adamek is a boutique law firm focused on commercial and civil matters. We specialize in corporate and banking law and complex dispute resolution.

We work alongside our clients: we translate legal complexity into business terms so they can make better decisions and, if a dispute arises, we represent them with a strategy aligned with their goals.

Our work rests on an unwavering commitment to the highest standards of legal work and client service. Above all, it rests on responsive, diligent and thorough handling of every matter.

On these foundations, we work to obtain the best possible results for our clients and to give them the confidence that their matters are in good hands.

[ Photo: founder ]
José Pedro Vargas Peña Adamek Founding Partner
[ Photo: team ]
The teamVargas Peña Adamek
[ Photo: team at work ]
Preparation, judgment and personal dedicationHow we work

José Pedro Vargas Peña Adamek founded the Firm after years of practice before the courts and at leading law firms in Paraguay. He earned his law degree with honors from the National University of Asunción and holds an LL.M. from the University of Chicago Law School. That experience shaped a conviction: clients need sound legal solutions, delivered with the speed a constantly changing market demands.

Our entire team shares the same working philosophy: preparation, judgment and personal dedication to every matter. Our lawyers keep their knowledge current to serve increasingly demanding clients. Today the Firm primarily advises financial institutions and sector-leading companies, both Paraguayan and foreign. It also assists family businesses and private individuals in organizing, protecting and transferring their wealth.

National presence

Based in Asunción, we practice nationwide: we represent our clients before courts at every level, including the Supreme Court of Justice, and before regulators and administrative agencies across Paraguay.

International reach

We advise companies, investors and individuals from around the world doing business in Paraguay, and we support Paraguayan clients in their cross-border transactions. We work in Spanish and English and coordinate with foreign counsel and advisors, providing a single point of contact in Paraguay.

Alto ParaguayBoquerónConcepciónPresidente HayesCordilleraSan PedroCentralMisionesÑeembucúGuairáParaguaríAmambayAlto ParanáCaaguazúCaazapáCanindeyúItapúaAsunción
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Our approach

How we work.

Our lawyers advise and litigate. Advisory work lets us understand the client's business. Litigation teaches us which contracts and which decisions hold up in court. That is why our advice anticipates real risks, and our litigators understand the business behind the dispute.

Hands-on counsel

Every matter is handled personally by lawyers specialized in the field, from start to finish. No intermediaries, no delays.

Technical rigor

Behind every recommendation and every filing lies deep analysis and a sound legal basis. Improvisation is not an option.

Business mindset

We seek to understand each client's goals so that our recommendations fit the specific needs of their business.

Undivided loyalty

Trust is our most valuable asset: we screen for conflicts of interest before taking on any matter and maintain strict confidentiality.

Practice Areas

Our practice.

We concentrate our practice on the areas where we have real depth.

Investing in Paraguay

We guide international companies and investors from the decision to invest in Paraguay through to a fully operating business.

  • Soft landing and legal structuring of the investment
  • Company formation
  • Advice on tax incentives and special investment regimes
  • Residency permits for investors and their executives
  • Trademark registration

Corporate

We support your company throughout its life cycle: from incorporation to its most complex transactions.

  • Incorporation and corporate reorganizations
  • Shareholders' agreements and corporate governance
  • Joint ventures and strategic alliances
  • Shareholder conflicts and corporate governance disputes
  • Transfer of shares and equity interests
  • Corporate compliance and housekeeping

Mergers & Acquisitions

We advise buyers and sellers at every stage of the transaction, from due diligence to closing.

  • Mergers and acquisitions
  • Share and asset deals
  • Legal due diligence
  • Structuring and negotiation of transaction documents
  • Closing planning and execution

Contracts

We advise your company on the contracts at the core of its business. We structure and negotiate every term so that the contract achieves your goals and protects your interests.

  • Commercial agreements of all kinds
  • Loans and secured transactions
  • Representation, agency and distribution agreements
  • Construction contracts
  • Settlements and out-of-court agreements

Banking & Finance

We advise financial institutions and companies on their credit and financing operations.

  • Credit agreements and security packages
  • Banking and financial regulation
  • Financing structures
  • Trusts and trust-based security (fideicomisos)

Litigation

When litigation is unavoidable, we approach it with exhaustive preparation and a clear procedural strategy, and we see it through. Our client's objective is our own.

  • Civil and commercial litigation of every kind
  • Full proceedings on the merits
  • Recovery of property and adverse possession claims
  • Enforcement, eviction, possessory actions and special proceedings
  • Constitutional protection (amparo) and unconstitutionality actions
  • Exhaustive procedural strategy, planning and monitoring

Arbitration & Mediation

We assist our clients in domestic and international arbitrations and in mediations, from the arbitration clause to the enforcement of the award.

  • Domestic and international arbitration
  • Mediation and assisted negotiation
  • Arbitration clauses and dispute strategy
  • Enforcement of awards in Paraguay

Debt Recovery

We recover loan portfolios and individual claims through efficient processes: formal demand, negotiation and, when necessary, enforcement.

  • Judicial collection and negotiation
  • Enforcement proceedings, proofs of claim and ordinary collection actions
  • Enforcement of collateral and personal guarantees
  • Distressed portfolio management

Restructuring & Insolvency

We advise debtors and creditors in crisis scenarios, pursuing solutions that preserve value.

  • Representation of creditors in insolvency proceedings
  • Debt restructuring
  • Court-supervised reorganization (convocatoria de acreedores)
  • Bankruptcy and liquidation

Real Estate

We handle real estate transactions from start to finish, with legal certainty at every stage.

  • Purchase and sale of urban and rural property
  • Real estate due diligence
  • Commercial leases
  • Title clearance and registration

Trusts & Estates

We advise families and heirs on the transfer of their estate, with the sensitivity and rigor these processes demand.

  • Probate proceedings and declaration of heirs
  • Wills and lifetime distributions
  • Succession planning for family businesses
  • Partition and administration of estate assets
  • Collation, reduction actions and forced-heirship defense

Careers

Join us.

Challenging matters, high standards and a team committed to excellence. We look for lawyers and law students with outstanding academic records and the ambition to build something different.

Send us your CV

or email talento@vpa.com.py

Your inquiry will be handled with discretion. No attorney-client relationship exists until we confirm the engagement; please do not include confidential or sensitive information. See our Privacy Policy.

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