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Article 11 states that: “The Judge or Court before whom the execution of a foreign judgment isrequested may order preliminary measures to ensure the execution, pursuant to their legislation”.Preliminary measures shall be complied with, unless lack of main requirements, documents orinformation, making its granting inadmissible. In this case, the Judge or Court shall summon applicantin order to immediately amend such defect.Consequently and according to the provisions above-mentioned, it is perfectly possible to orderpreliminary measures over any company’s assets in order to ensure the execution of a foreignjudgment, provided that they do not contravene public order provisions and comply with the abovementionedprovisions.CMERCOSURIn international relations, Paraguay has achieved important agreements for cooperation andcommerce, including the Mercosur Treaty, signed in Asuncion in 1991 by the Presidents of Argentina,Brazil, Uruguay and Paraguay. The MERCOSUR opens a large market of nearly 200 million consumersand its objective is the total elimination of customs tariffs by establishing gradual reductions every sixmonths after the signing of the Treaty.The improvement in the possibility of productive specialization for a market of 200 million ofinhabitants, with further possibilities of supplying external markets with Paraguayan products isamong the effects caused by the creation of the MERCOSUR.This also implies new requirements for the national production, including quality, entrepreneurialcapability and productivity, use of the adequate technology, and renewal of products destined tolarger markets. In addition, integration will help satisfy the needs of the nation’s population regardingemployment, together with a better use of natural resources.Paraguay has an attractive geography with a wide range of natural resources of interest to investors.With the MERCOSUR and the process of internationalization of its economy, Paraguay opens its doorsto capital investment.Expectations for the country’s future are highly positive and Paraguay is expected to become animportant business center in South America.1. GENERAL PRINCIPLES24Gradual implementation: to establish a reduced number of projects in each stage, integrated in allaspects, including the harmonization of policies.Berkemeyer Attorneys and Counselors | Asunción - Paraguay

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