With a ‘very good knowledge of the market’, the tax practice at A&O Shearman is a popular destination for financial institutions, corporate entities, and funds seeking advice on a wide spectrum of tax disputes and transactional tax matters. The latter includes capital market transactions, restructuring, tax-based structured finance and real estate investments. The team is also proficient in the setting up of investment funds, particularly in the real estate sector, often working on a cross-border basis, leveraging the firm’s international network. Ishtar Sancho is a key member of the team, who has particular expertise in the tax aspects of high-value capital markets and financing transactions. Former practice head Adolfo Zunzunegui left the firm in November 2023.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Very good knowledge of the market, of the interlocutors and clients. Very good technical skills. Very efficient and proactive.’

  • 'The A&O Shearman Madrid team works collaboratively in a collegiate manner to ensure that timely quality service is provided, is commercial and practical. They are pro-active, provide insight and use their experience to ensure that as a client we have sufficient understanding of the relevant issues to determine the course of action, or to evaluate and endorse the recommended course of action, with an appropriate briefing which is tailored based on the consequences and processes involved.'

  • 'Ishtar Sancho supports me and advocates tirelessly for me, even when counterparties are being challenging and / or unreasonable, and is able to interpret and communicate again at the right level from a technical, practical and commercial perspective.'

Key clients

  • Intermediate Capital Group
  • APG
  • Blackstone Real Estate Debt Strategies (BREDS)
  • Mediapro
  • Deutsche Bank
  • Signal Capital Partners
  • Santander Asset Management
  • PAI Partners
  • Citibank
  • LaSalle Investment Management
  • Fomento de Construcciones y Contratas, S.A.
  • Igneo Infrastructure Partners
  • Saudi Aramco
  • Morgan Stanley
  • UBS

Work highlights

  • Advised Intermediate Capital Group on tax issues regarding the creation of a global giant CX and BPO, through the acquisition of Comdata by Konecta (Project Kronos).
  • Advised Intermediate Capital Group on tax issues regarding the sale of Garnica to The Carlyle Group.
  • Advised APG on the tax aspects of the creation of a joint venture with Renta Corporación for the creation of the Socimi Wellder.

Lawyers

Leading associates
Rising stars with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Other key lawyers

Ishtar Sancho, Juan José Sánchez