1E9Ct5D

Right now, the boom of economic sustainability has attracted 18 companies, members of theParaguayan Chamber of Real Estate Developers (CAPADEI, in Spanish), which are running severalmajor projects whose investments now exceed USD 500 millions.Corporate and commercial buildings and residential units are the main attractions.These figures only relate to the square meters by 18 firms that are part of the Paraguayan Chamber ofReal Estate Developers (CAPADEI).The enterprises have the security of a solid law, property matters guarantor of private property,constitutional support; well as administrative procedures tend to progressive simplification of proceduresrelated to building permits.The main references, including the World Trade Center (WTC) resulted in the generation of 39,500industrial sources.CAPADEI has gone beyond the capital city and it has gestated the idea to form committees in somecountry areas where industrial projects, commercial complexes and apartments are rising rigorously toquantify the investments made in the country.The odds are in favor of keeping this increasing rate as more high estate plans, including the SheratonWTC and Ciudad del Este, more shoppings at the country borders and industrial developments inChaco'i and Acceso Sur.On July 10, the presentation of the first official report of Asuncion property will be held in conjunctionwith the Municipality.CAPADEI also points to the generation of housing products aimed at the middle class and theseproducts will be presented within 3 months.13. COMPETITION ACTAct 4956/2013, defends and promotes free market competition, expressly prohibiting anti-competitiveacts. Competition Act was consolidated and strengthen with the enactment of Decree 1490 of April 14,2014, opening an attractive and substantial national and international business world panorama.The application of the Act refers to all acts, practices or agreements held by individuals orcorporations, domestic or foreign, with legal residence in the country or abroad, whether public orprivate, or any entities develop economic activities, or nonprofit and produce effect on competition, inall or part of the country, except the limitations established by law , duly justified by reasons of generalinterest, excluding the central government entities and decentralized bodies exercising Statemonopoly.The competition presupposes the freedom to buy, sell and efficient market access and nondiscriminatoryconditions, without restrictions other than those arising from the Act; it was precisely,the Merchant Law of 1983, which allowed the holding of competition covenants, as follows: Thecompetition restricting covenant shall be valid if it is restricted to a particular area and activity and notmore than five years, provided it is not intended to harm others . If the restricting covenant had beenstipulated for a longer period, it will only last for five years.The prices of goods and services will be determined and offered freely.Berkemeyer Attorneys and Counselors | Asunción - Paraguay10