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Tax
Distinguished for representing some of the world’s leading companies, the tax team at Ashurst LLP is covers both the transactional and litigation sides of tax advice. Tax planning and transfer pricing are key areas of expertise for the team, which has particular expertise in advising private equity funds, real estate funds, and investment vehicles like SOCIMIs on M&A, financings and restructurings. The practice is led by the ‘technically strong’ Javier Hernández Galante, a key contact for international tax planning matters. Eduardo Gracia, who has a wide-ranging practice focusing on M&A, real estate, finance, and distressed debt transactions, is also proficient in tax disputes. An expert in real estate taxation issues, Ricardo García-Borregón is ‘accessible, brilliant, and knows his field in depth’. Counsel Carmen Profitós, known for her work on the prevention and resolution of tax disputes, is another name to note.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Ashurst is distinguished from most prestigious firms in Spain by having a highly coordinated and cohesive team, as well as an excellent command of English.’
‘Their best qualities are the thoroughness of their analyses, the practical approach they give to problems and their solutions, and the close relationship with the client.’
‘They make it easier for clients to understand very technical situations. They are very involved in the project and really go hand in hand with the client. They are incredibly coordinated between different disciplines which guarantees that nothing is lost along the way, duplicated, or contradicted.'
‘The tax team has a strong understanding of technical points and a good awareness of approaches taken by others in the market. They are generally responsive, and are able to provide a commercial view where appropriate. The team has expertise across a broad range of areas of tax, including contentious work, making them an ideal partner locally.’
‘Javier Hernández Galante is technically strong and brings a high level of partner involvement to matters, which sets him apart from other tax advisers locally. ’
‘Ashurst's tax practice is excellent. Their advice on a real estate acquisition project has been far superior to that which I have received from other firms in similar situations.'
‘Ricardo García-Borregón is accessible, brilliant, and knows his field in depth. It's a pleasure to work with him. ’
‘Ricardo García-Borregón is approachable and ensures our tax advice is provided quickly and all individuals understand the next steps to take.'
Key clients
- CEPSA
- M&G
- Aviva Investors
- Intermediate Capital Group plc (ICG)
- Televisión de Castilla y La Mancha
- Santander Asset Management, Santander Pensiones and Santander Private Banking
- N-SUN ENERGY S.L. (Alantra Solar, Amundi, Reichmuth)
- Alantra Private Equity
- BNP Paribas
- Société Générale
- August Collection
- Cohabs
- Aquila Capital
- Bain Capital
- P3 Logistic Parks
- La Française REM
- Round Hill
Work highlights
- Advised Cerberus on the sale of 100% of the share capital of Haya Real Estate S.A.U. to Intrum Holding Spain, S.A.U. and 100% of the outstanding shareholder loan interests to Intrum AB (listed on the Swedish Stock Exchange) by Haya Holdco 2 Plc.
- Advising Televisión y Radio de Castilla La Mancha with regard to recent VAT audits of tax years 2017-2021 and representing the company in the various appeals in progress resulting from the challenge of VAT reassessments of years 2012-2020 before the tax administrative court, the National High Court and the Supreme Court.
- Advising Aviva Investors on the establishment of a proposed €500m build-to-rent joint venture with Layetana.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Carmen Profitós
Ashurst LLPLeading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Javier Hernández Galante
Ashurst LLPNext Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Ricardo García-Borregón
Ashurst LLPPractice head
The lawyer(s) leading their teams.
Javier Hernández Galante