Tax

Ashurst advises real estate investors and banks on the creation of tax-efficient structures for their acquisitions of Spanish assets or loan portfolios. The firm has a strong litigation practice that handles tax audits, administrative appeals and subsequent high court litigation on behalf of foreign and Spanish corporates. Ashurst assists with the design of transfer pricing policies, the negotiation of supporting advance pricing agreements and the defence of companies in related tax audits. It also handles standalone advisory mandates relating to the insurance of tax risks in M&A transactions.

"Ashurst's team are knowledgeable, deliver very detailed work and support us throughout our operations."

"Ashurst analyse every matter very thoroughly and comprehensively. Their advice not only includes a technical or theoretical analysis but also the practical issues."

"Ashurst have a deep understanding of business and provide great legal advice from a practical perspective."

Ashurst assisted Apollo Infrastructure Opportunities with the acquisition of a 49.99% stake in Primafrio.

Eduardo Gracia is highly regarded for his broad-ranging experience, advising clients on structuring of M&A deals and relocations, tax risks for insurers, as well as VAT and CIT audits. "Eduardo Gracia is a great connoisseur of the practice of the Spanish tax administration, tax jurisprudence and the market."

Javier Hernández Galante regularly assists clients with a mix of transactional and contentious tax matters, ranging from structuring M&A and joint venture deals to audits and VAT reassessments. "Javier Hernández Galante is always responsive."

Ricardo García-Borregón enters the rankings on the back of strong market support. He assists with transactional tax matters, often advising large clients on real estate and energy matters. "Ricardo García-Borregón is always responsive on last-minute issues and is willing to explain things. He is flexible and practical."