Firms To Watch: Tax

AGM Abogados fields a tax team specialised in tax structuring of international transactions, tax disputes, transfer pricing, family business planning and real estate tax.
Capelleras & Villagra-Noriega is a specialist tax law firm based in Barcelona, established in July 2020 by the former tax team of Fieldfisher JAUSAS.

Tax in Spain

Baker McKenzie

Between its offices in Barcelona and Madrid, Baker McKenzie‘s tax team ‘has very powerful tax specialists in different fields‘ and its international network makes it well placed to assist in global reorganisations and tax planning for multinational clients. Madrid-based co-head of the practice Rodrigo Ogea advises on the structuring of investments and reorganisations. In Barcelona, fellow practice head Bruno Domínguez represents clients in domestic tax inspections and court procedures, assists with transactional matters and also chairs the firm’s wealth management group. Other key members of the sizeable team include: VAT specialist María Antonia Azpeitia; cross-border tax planning expert Jaime Martínez-Iñiguez; and Ana Royuela, who has over 30 years’ experience in international tax matters.

Practice head(s):

Rodrigo Ogea; Bruno Domínguez

Other key lawyers:

Ana Royuela; Maria Antonia Azpeitia; Jaime Martínez-Íñiguez; Antonio Alberrán; Davinia Rogell


‘Baker’s tax team stands out for an excellent knowledge of tax law, agility in solving the doubts raised and a very practical approach.’

‘The plus that undoubtedly makes them stand out, and especially the firm’s partner with whom we have had the opportunity to work, María Antonia Azpeitia, is their extraordinary technical quality together with the tireless search for solutions to the problems raised by the client.’

‘It is a team that has very powerful tax specialists in different fields, always up-to-date and closely connected with the rest of the firm’s worldwide offices. They are capable of bringing great value to internationalized businesses.’

‘Bruno Dominguez knows his clients’ business and his concerns to perfection, and he is able to offer them customised solutions that provide them with great value, and this is how he is appreciated by his clients, who have enormous confidence in him. He is able to get the best from his team. Undoubtedly, an essential player and a leader in the current world of tax advice in Spain, particularly in the field of wealth management.’

‘Antonio Albarrán is a tax advisor who knows his clients and is capable of proposing innovative VAT solutions that save his clients millions.’

‘Rodrigo Ogea is a lawyer with solid legal training always available to the client. Creative. Maria Antonia Azpeitia is a lawyer with great knowledge of the law, a good negotiator and creative.’

‘The quality of service from the Baker team is extremely high. I’d also highlight its practical vision of the problems that arise and its proactivity when it comes to detecting alternatives for tax optimisation.’

‘The team is excellent at all levels. I highlight Ana Royuela for her great professionalism, her absolute dedication to both cases and client service, her great knowledge of the tax area which allows her to provide very convenient solutions for the client and her empathy and kindness with all the people who interact with her. I also want to highlight Davinia Rogell for her availability and technical quality.’

Key clients

Abac Capital




Asesor Consumer’ shareholders

Banco Santander


Capital Dynamics


Panavision Tours

Fondo de Reestructuración Ordenada Bancaria (FROB)

Futbol Club Barcelona

Grupo Corporativo Landon


Minor Hotel Group



Quarza Inversiones

Refinancing of Real Madrid’s Stadium

SCG Packaging


Velocity Global

Work highlights

  • Advised FC Barcelona on the tax implications resulting from the launching of the Super League.
  • Assisted Iberdrola with the creation of a joint venture with Mapfre to which Iberdrola will contribute solar photovoltaic and wind power assets with a potential joint production capacity of 1,000 MW.
  • Advised Velocity Global on the launching of a global Professional Employer Organisation (PEO) platform.


The accomplished tax practice at Cuatrecasas is a leader in corporate tax advice, acting for a host of multinationals in both a transactional and advisory capacity, as well as representing clients in tax disputes. The team of 65 partners and over 150 lawyers is divided by legal specialism as well as sector expertise. Key contacts include Carlos Ferrer, a leading name for international taxation, who advises on corporate acquisitions and restructuring, private banking and structured financing; Alejandro Escoda, who acts for international private clients in cross-border investments and organisations; and head of tax litigation Miró Ayats. The practice is overseen by Alicia de Carlos at the Barcelona office.

Practice head(s):

Alicia de Carlos

Other key lawyers:

Carlos Ferrer; Alejandro Escoda; Miró Ayats; Andreas Trost; Andrés Sánchez; Antonio Barba; Carolina del Campo; Ignacio Costa; Joan Hortalà; Martí Adroer

Key clients




Banco Sabadell

Banco Santander






Ingram Micro

ISS Facility Services

Meliá Hotels International









Work highlights

  • Advising Kensington Capital Acquisition on a merger agreement with Wallbox and its subsequent admission to trading on the New York Stock Exchange.
  • Assisting Siegfried with acquiring the share capital of two subsidiaries of Novartis.
  • Advising Fábricas Folch on the tax aspects of selling Industrias Titan.


The team at Garrigues supports its clients across the gamut of tax matters, acting in some of the most significant transactions and reorganisations in the Spanish market. Transfer pricing is a standout feature of the firm's offering, along with its robust tax litigation and tax compliance services. Eduardo Abad leads the practice and is specialised in taxation and regulation of financial entities and products. From the sizeable team, the finance and insurance-focused Carmen Mata and Ramón Tejada come with client recommendation; Ricardo Gómez is a standout senior figure; and Gonzalo Rincón De Pablo has notable expertise in the real estate sector. Experienced principal associate Fernando Santos is an up-and-coming lawyer to note.

Practice head(s):

Eduardo Abad

Other key lawyers:

Ramón Tejada; Carmen Mata; Carlos Gómez; Rafael Calvo; Francisco Javier de Rojas; Álvaro Manteca


‘Highly qualified and continuously updated team. It allows us to have a highly reliable opinion immediately, which allows the company to make important decisions, with minimal risk. The excellent legal knowledge coupled with the great knowledge of the company makes them perfect allies.’

‘Carmen Mata is the lawyer who has always worked with our company. She knows perfectly all the particularities of operations with tax significance. is always aware of the company and its needs, keeps us constantly updated on news and is available at all times to immediately solve any requirement.’

‘They are outstanding in technical capacity and for knowing the client very well in addition to being well above their needs, accessibility and capacity and speed of response.’

‘In my opinion Garrigues is probably at the moment the best firm in tax practice, both in material advice on operations and in procedural advice on inspections and appeals.’

‘A great combination of academic strength providing an excellent basis for more formalistic dispute resolution and healthy pragmatism enabling a more forward looking addressing of controversies, all anchored in a thorough understanding of the business and with a proven ability to communicate with technical subject matter experts as well as non expert stakeholders.’

‘Garrigues are a great team capable of reaching a level of analysis and detail that other firms cannot.’

‘Ramón Tejada has so much experience and contacts that he knows how to successfully manage any issue.’

‘It is a team with great knowledge of the practice as well as the activity of the client’s industry segment. Always up-to-date and proactively providing solutions to potential problems that arise.’

Key clients

Banco Santander

Banco BBVA









Work highlights

  • Advised Telefónica and Telxius on the tax aspects of the sale of Telxius’ tower division to American Tower Corporation.
  • Advised Bankia on its merger by absorption with CaixaBank.
  • Represented Universal Compression International Holdings in a Constitutional Court case regarding Royal Decree-law 2/2016, which significantly increased the amount of corporate income tax prepayments to be made during the year by taxpayers.


A premier team that provides market-leading advice', Linklaters in Spain has led the tax structuring of some of the country’s most complex recent restructurings. The department also advises on the tax aspects of major M&A, and assists government entities with tax legislation drafting. Javier García-Pita is particularly experienced on the transactional side, recently advising on the set up of several funds, a number of tax audit proceedings, and refund requests to the Spanish tax authorities. He leads the practice alongside ‘strategic thinkerAlejandro Meca, who frequently counsels Spanish and international companies and financial institutions. Managing associates Carlos Olmedo and Blanca Hernanz are further key contacts.

Practice head(s):

Javier García-Pita; Alejandro Meca

Other key lawyers:

Carlos Olmedo; Blanca Hernanz; Abel Ayuso; Lucía Montes


Tax team totally close to the business. Understand client operations, are continually curious to know more. Is creative in the solutions that are proposed.’

Client service is pristine. The availability, dedication and effort are outstanding.’

‘Practicality. They apply tax law in a much more practical way than others.’

‘Linklaters Spanish tax is a premier team that provides market leading advice. They work on a multitude of asset classes and bring the best of their deep bench of experience to solve the most complex client issues.’

‘Alejandro Meca is a strategic thinker. A great partner to pick up the phone to discuss issues and to problem solve with.’

‘Abel Ayuso is extremely responsive. Provides succinct and clear advice.’

Uría Menéndez

Uría Menéndez fields a ‘technically impeccable‘ Spanish tax group, which provides comprehensive cross-border advice to its multinational client base. Particular focuses include business combinations and finance restructurings, with recent advice to Neinor Homes and Quabit on their merger and subsequent restructuring being a prime example. Víctor Viana now heads the practice after taking over the role from experienced senior partner Rafael García Llaneza. David López frequently advises on tax litigation and investigations, while Miguel Cremades has honed his expertise in 15 years as partner, as well as professional experience as a state tax inspector. Violeta Pina stands out at the senior associate level.

Practice head(s):

Víctor Viana

Other key lawyers:

David López; Rafael García Llaneza; Carlos Durán; Miguel Cremades; Violeta Pina


‘Deep experts of the sector and the tax risks it faces. Technically impeccable and always up to date with any news. Integrated teams that provide solutions to problems, that are involved with the client and that take matters forward. Very practical, very close to the ground, which I greatly appreciate.’

‘Technically flawless. With a way of working that has been established over the years that makes them tremendously efficient. They focus the problems and their different edges flawlessly and propose solutions realistically. I especially like that they are cautious and analyze the risks from my point of view. Víctor Viana and David López Pombo are probably some of the most complete prosecutors because of their knowledge of the different tax figures, because of experience and dedication.’

‘I do not know a team of corporate lawyers / tax attorneys more dynamic and positive than the team of Uria Menendez. They always have a solution: always. You have never received an email saying “no, you can’t do that”.’

‘Extensive knowledge, creativity and didactic ability to clearly expose a highly technical subject.’

‘A combination of experience and creativity, with very experienced lawyers complemented by more junior experts with great drive.’

‘Victor Viana – always available and ready to find a viable solution.’

‘Dedication to us, when there are changes in the team we do not notice them because they are in charge of internally training the new members so that the service is not impacted, in fact the feeling is that they have always been with us. They do this very very well.’

‘For us, Carlos Durán is a key supplier to us. In addition to his outstanding technical knowledge, the treatment and availability of Carlos Durán are excellent.’

Key clients


CCR (Brasil)

Neinor Homes

Banco Santander

Banco Sabadell

Lone Star






Grupo Lasuto

Banco Safra


BNP Paribas


Coca Cola


F2I Fondi Italiani



Work highlights

  • Advised Neinor Homes on a restructuring implemented in an exchange of shares and debt restructuring.
  • Acted for CaixaBank in its merger with Bankia.
  • Represented Hanson Pioneer España in an appeal before the Supreme Court in relation to the application of general anti-avoidance rule to intra-group leveraged acquisition of subsidiaries.

Allen & Overy

The Madrid office is a key part of the international tax offering from Allen & Overy, which excels in complex transactional matters and frequently assists with some of the most prominent M&A deals involving Spanish stakeholders. The practice is led by Adolfo Zunzunegui, who has over 20 years of experience advising on domestic and cross-border finance transactions carried out in Spain, and advises on group restructurings and acquisition tax structures. Counsel Ishtar Sancho supports on the range of matters and is noted for advice to national and international financial institutions.

Practice head(s):

Adolfo Zunzunegui

Other key lawyers:

Ishtar Sancho


‘Very good knowledge of the market. Reactivity. Technical knowledge.’

Key clients

Auxadi Group

American Tower International

Goldman Sachs


Bank of America Merril Lynch

Morgan Stanley





Work highlights

  • Advised American Tower on its agreed $7bn acquisition of the towers division of Telxius.
  • Assisted the funders of Eolia Renovables de Inversiones on the tax aspects of the refinancing of 33 renewable assets.
  • Advised AXA Real Assets on its acquisition (together with Acciona) of 33% Acciona Energia from KKR.

Ashurst LLP

Ashurst LLP‘s tax practice fields dedicated experts in the full range of matters, both contentious and advisory, in order to assist its diverse client base of heavyweight international and domestic companies. Coordinating the practice is the ‘highly technical but very practicalEduardo Gracia, a vastly experienced senior partner, who specialises in Spanish, EU and international taxation, indirect taxation, and tax dispute resolution. Javier Hernández-Galante is a noted leader in the SOCIMIs market, while counsel Carmen Profitós leads the tax dispute resolution team, and senior associate Ricardo García-Borregón has 13 years of experience supporting the team’s practice heads in all tax disciplines.

Practice head(s):

Eduardo Gracia

Other key lawyers:

Javier Hernández Galante; Carmen Profitós; Ricardo García-Borregón


‘The Ashurst tax team is a highly qualified team dedicated to its clients. They stand out for their professionalism and the high quality of their work.’

‘Ricardo García-Borregón was extremely supportive of our project and went beyond what was expected to help and support us with the launch. He made sure to be available and work alongside our lawyers in various jurisdictions to provide the best advice for the project.’

‘Carmen Profitós – very flexible and always provides solutions to our needs.’

‘The team is extremely responsive and led by the highly technical, but very practical Eduardo Gracia. They also have very strong back-up within the team.’

‘Ricardo Garcia-Borregon is a very capable and knowledgeable senior associate who is destined for great things.’

‘Javier Hernández Galante has proven to be a pragmatic lawyer, with extensive experience and deep technical knowledge, which allows him to have a high-level specialized advice, with absolute availability.’

‘The lawyers that make up the team are excellent at understanding the structures and approach of their clients when analyzing different situations and offering solutions. They always keep all the different parts of the picture in mind and look for holistic solutions. Trusted, always available and always looking for solutions to highly complex situations’

‘Strengths and abilities: Permanent availability to serve the client. Management of queries in very fast times with very well-founded and clear answers within the complexity of the tax area. They have very high technical knowledge. They give a clear and informed opinion instead of answering the various alternatives subject to multiple disclaimers.’

Key clients

Iridium (ACS)


Macquarie – GIG Group

Certa Insurance Partners

Société Générale

Haya Real Estate

Televisión y Radio de Castilla La Mancha


Goldman Sachs

Bank of America and BofA Securities

IGIS Neptune


Castellana Properties

Work highlights

  • Advising IGIS Neptune Barcelona on the conversion to a SOCIMI of the acquisition structure of the Amazon logistics warehouse in El Prat, Barcelona.
  • Acting for property tech start-up August Collection in the design and incorporation of the structure and the acquisition of the Spanish asset of the first group of investors.
  • Advising the Kingdom of Spain on an international tax arbitration.

Clifford Chance

Clifford Chance‘s tax team regularly supports on the most complex tax aspects of corporate and real estate deals, and can also be found regularly advising on standalone tax structuring and disputes. The firm has a particularly strong base of clients in the finance sector, covering domestic and international funds and banks. Practice head Pablo Serrano de Haro, who was appointed head of the firm's global tax, pensions and employment practice in early 2022, is very active in investment fund creation, while counsel Roberto Grau is an experienced figure for tax aspects of capital markets, banking and finance transactions. Fernando Escribano supports at the senior associate level. Mónica Fernández left the firm in September 2020 to work in-house at Mapfre.

Practice head(s):

Pablo Serrano de Haro

Other key lawyers:

Roberto Grau; Fernando Escribano; Julia Villalón


‘Very competent team, with a lot of experience, that transmits a lot of safety.’

‘Experience, knowledge, safety and availability.’

‘They are very solid technically and with great experience in the sector. Very imaginative when it comes to finding workable solutions to the problems we pose. Full availability of the partner to attend to our questions. They are among the best prosecutorial teams in Spain.’

‘Pablo Serrano is extraordinary. Technically impeccable, he has a sixth sense to anticipate possible problems that may arise in the future before audits of the Tax Administration and to propose realistic and feasible solutions. He is prudent and always puts himself in the shoes of his clients.’

Key clients

Actividades de Construcción y Servicios (ACS)


Real I.S. AG Gesellschaft für Immobilien Assetmanagement

Abanca Corporación Bancaria

Banco Santander


Primonial European Residential II HoldCo




Allianz Real Estate

Alatamar Capital Partners

Saint Gobain Distribucion Construccion

Prologis European Logistic Fund

Green Investment Group

Green Oak

Schroder Real Estate Investment Management

Cimsa Cimento

EQT vehicles

Work highlights

  • Advised ACS on the sale of almost the entirety of its industrial division to Vinci for between €4.93bn and €4.98bn.
  • Advised Abanca on the purchase of the Spanish banking business of the Portuguese bank Novo Banco.
  • Advised the Rise Fund, a global impact investment fund managed by alternative asset firm TPG, on the $700m acquisition of approximately 1 gigawatt of solar PV projects from Trina Solar.


Under the leadership of Clara Jiménez, Pérez-Llorca has established one of the foremost tax practices among Spanish domestic firms, acting in litigation, audits and strategic planning, while also building its presence in cross-border transactions. Recently, the team has attracted a number of new real estate clients as well as European financial institutions, and the key tax contact in Barcelona, Norma Peña i Bagés has established a strong client roster in the banking and finance space. Other contacts to note include José Suárez, who specialises in different types of proceedings before the tax authorities, and José Ramón Vizcaíno, who added his 18 years of international corporate tax experience when he joined from Dentons in July 2020.

Practice head(s):

Clara Jiménez

Other key lawyers:

Norma Peña i Bagés; José Ramón Vazcaíno; José Suárez; José Azqueta; Jesús Cudero; Daniel Olábarri

Key clients


Técnicas Reunidas






WP Carey

Barings Real Estate

CBRE Global Investors

Work highlights

  • Assisted CBRE Global Investors with the divestment of Montepino Logística through the sale of the platform’s shares to Bankinter, which will be setting up a SOCIMI.
  • Advised the engineers and Caabsa on all legal aspects of their purchase of Obrascón Huarte Laín, negotiating with both OHL and GVM and with Tyrus Capital, GVM’s pledgee.
  • Advised W. P. Carey on the sale and lease back transaction of a portfolio of 27 Eroski supermarkets and all tax aspects related to the transaction.

CMS Albiñana y Suárez de Lezo

CMS Albiñana y Suárez de Lezo has an ‘impressive' and ‘very professional' tax practice, which stands out for its advice on inbound investments, and for its support to foreign clients on the range of contentious and advisory matters. The firm’s ‘very well integrated network' boosts its cross-border capabilities and it has particularly strong links with French multinationals operating in Spain, including new client Rubis Terminal. ‘One of the tax market’s benchmark advisers', Diego de Miguel heads the group, supported by ‘fast and decisive' counsel Ricardo Héctor.

Practice head(s):

Diego de Miguel

Other key lawyers:

Ricardo Héctor


‘Impressive. Focused on results, always available and very competitive.’

‘Apart from the technical excellence that is presumed to the CMS-level law firms, what makes its tax team different is that both Diego de Miguel and the members of his team are very practical when it comes to guiding the advice. They perfectly identify our needs and whenever we have required it, they have been totally flexible and very successful when fitting their services into our projects to make us a “tailor-made” job. Likewise, we especially appreciate that they manage matters very well.’

‘Very professional.’

‘CMS has a very well integrated network, in which Diego de Miguel is very well connected and maintains good personal contact with many of his counterparts in other jurisdictions, which has been useful to us in many occasions.’

‘Close, hard-working and strict with deadlines.’

‘Diego de Miguel has a deserved reputation in the sector. He is considered one of the tax market’s benchmark advisers, which, based on our experience with him, is fully deserved. Technically he is very good and, above all, very complete, with a very broad vision of the tax panorama, which allows him to identify issues that others do not see. In addition, he has a great commercial vision, he always empathizes with us.’

‘Ricardo Héctor is a very complete lawyer, with whom we work mainly in M&A operations. His profile and previous experience (ex big four), make him a perfect advisor for this type of work. We have the perception that Ricardo is a prosecutor very oriented to our needs and totally adapted to our way of working. We are very happy with him, he is fast and decisive.’

Key clients

Rubis Terminal



Macquarie Capital

CAM Alternatives

Chubb Insurance Group


Franklin Templeton Social Infrastructure Fund (FTSIF)

Labelys Group

RothschildCo Spain (RothschidCo Group)

Idemia Group

Work highlights

  • Assisted Macquarie Capital with the tax implications of several transactions relating to optical fibre cable in Spain.
  • Advised Rubis Terminal on the tax aspects of the purchase of Tepsa, a Spanish group in the storage of bulk liquid products.
  • Acted for French energy group Engie in a successful claim against the Spanish state in relation to the recovery of undue tax payments.

Gómez-Acebo & Pombo

The full-service tax group at Gómez-Acebo & Pombo regularly supports IBEX 35 and multinational companies, as well as leading financial institutions, on advisory and litigious matters. The latter is a noted strength in which Eduardo Martínez-Matosas is a standout practitioner. Practice head Enrique Ortega is a corporate tax expert with several decades of experience, and both he and associate Mariana Díaz-Moro are praised by one client for their ‘exceptional quality’. Javier Vinuesa is a key contact for transactional matters, particularly in the audiovisual sector.

Practice head(s):

Enrique Ortega

Other key lawyers:

Javier Vinuesa; Eduardo Martínez-Matosas; Mariana Diaz Moro; Diego Martín-Abril; Luis Cuesta; Nuría Vila


‘They are always available, you can count on them. They know their subjects thoroughly, and if they do not analyze it methodically, they give an answer within an appropriate period and resolve any questions that arise.’

‘Mariana Diaz Moro and Enrique Ortega are people of exceptional quality. A fantastic knowledge of the subjects that they advise and also transmit it in a way that you have no doubts about it. Their advice and the way they do it is unmatched, and their availability and proximity.’

‘Their international profile would stand out, they help us in many countries and they always have good firms in the countries where we do business.’

‘Javier Vinuesa has all the confidence of our group because he always explains everything perfectly and has a lot of common sense. He never complicates us with technicalities although we know that he is a great technician when he talks to his peers. He has a great gift for simplifying things and especially for explaining them.’

‘They understand the different situations, agility and efficiency in responses very well. Ease to contact.’

‘Javier Vinuesa: Excellent treatment, exhaustive fiscal knowledge.’

Key clients


Prudential Investment Management (PGIM)

Natural Electric


Banco Santander


Triodos Bank

Financing entities, creditors of Tubos Reunidos



Work highlights

  • Advised Predica on the tax structuring of its stake in the French real estate company SFL to Inmobiliaria Colonial.
  • Assisted Abanca Corporación Bancaria with the tax structuring of R&D schemes.
  • Advising Cellnex Telecom on the agreement with the Portuguese mobile operator NOS for the acquisition of 100% of NOS Towering.

Hogan Lovells International LLP

Hogan Lovells International LLP's standalone tax department assists with a range of transactions with complex tax structures, as well as international tax planning. A standout feature of the practice is its expertise in structuring asset financing schemes for domestic financial institutions, shipyards and film producers. Practice head Miguel Angel Sánchez has over 15 years’ experience in tax law, following a career in tax administration, and is supported by ‘well of knowledgeJavier Gazulla and international tax planning expert Juan Garicano, as well as newly promoted counsel Patricia Sánchez and new hire Víctor Barrio, who joined as a senior associate from EY Abogados in May 2021 and focuses on tax disputes.

Practice head(s):

Miguel Ángel Sánchez

Other key lawyers:

Javier Gazulla; Juan Garicano; Patricia Sánchez; Alejandro Moscoso del Prado; Victor Barrio


‘Without a doubt, the plus of the tax service offered is the team. Javier Gazulla is flexible, involved, and above all he offers a great base of knowledge and analysis of each situation, be it simple or complex. The rest of the team accompanies you, working diligently and always responding. Javier is a well of knowledge, always ready to provide a solution with an outstanding business point of view.’

‘They have people with extensive experience in private or public companies, which enriches their advice on cases they have experienced in the company.’

‘From Miguel Ãngel Sánchez, I would highlight his great preparation, because in addition to having been State Treasury Inspector, he held the General Directorate of Taxes of the Ministry of Economy for four years, positions that give him great contacts and a very high understanding of Taxes: to this is added the great willingness to pick up the phone at the moment.’

‘Patricia Sánchez – absolute dedication to her clients, being a person who does not stop studying and learning to be always up-to-date on all tax matters.’

‘Knowledge, dedication and close treatment.’

‘It is an excellent team, first-rate advice, always looking for the best for the client and their needs. Excellent in tax planning.’

‘They are available 24/7, ready to advise and serve the client at any time.’

Key clients

Pequeños y Medianos Astilleros Sociedad de Reconversión (Pymar)

Acon Investments

Sura Asset Management

Tikehau Capital

IREIT Global

M&G Real Estate

Catella Asset Management

RiverRock European Capital Partners

Banco de Sabadell


Alantra Partners

CNP Partners




Cranemere Group

Korelya Capital

LaSalle Investment Management

Volkswagen Bank

Work highlights

  • Advising Pymar on the proceeding of state aid related to the former tax lease system for vessels, in its preparation of the appeal filed before the European Court of Justice.
  • Advised property asset managers M&G Real Estate and Vestas Investment Management on the tax structuring and financing aspects of the acquisition of a logistics warehouse through a SOCIMI structure.
  • Acted for subsidiaries of EnfraGen in a debt refinancing for a joint amount of $1.8 bn ($710m bond issuance and $1.1bn bank financing).

Latham & Watkins LLP

Latham & Watkins LLP can often be found advising on some of the Spanish market’s most complex and innovative transactions. In a standout recent deal, the firm advised Wallbox as the first Spanish company to be the target of a merger with a special purpose acquisition company (SPAC). The tax elements were led by practice co-heads Jordi Domínguez and Iván Rabanillo, who collaborated with the firm’s New York office. Senior associate Blanca Vázquez de Castro has particular experience advising on complex transactions in the real estate, telecoms and financial services industries.

Practice head(s):

Jordi Domínguez; Iván Rabanillo

Other key lawyers:

Blanca Vázquez de Castro

Key clients



Platinum Equity

The Carlyle Group


Cerberus Capital Management

Apollo Global Management

Goldman Sachs

JP Morgan

Morgan Stanley

Barings UK

Work highlights

  • Acted for Wallbox, Spanish provider of electric vehicle charging solutions, in its $1.5bn business combination with Kensington Capital Acquisition Corp. II and its subsequent listing on the NYSE.
  • Advised Platinum Equity on its €3.5bn acquisition of waste management company Urbaser from China Tianying.
  • Advised JP Morgan as lead bank in the Spanish law-governed €10bn financing for Cellnex.


The ‘very professional and skilled‘ tax team at RocaJunyent Spain offers the full range of tax services and is particularly noted for its strengths in litigation, criminal tax and wealth management. The team has a sector-focused approach and excels in the healthcare, food and beverage, and automotive industries. Another differentiator is the professional background of practice co-head Jordi Guarch, having worked at the AEDAF (Spanish Association of Tax Advisors). Fellow practice head Raúl Salas focuses on transactional tax, and ‘true expert in corporate tax matters’ Blanca Usón provides regular advice to domestic and multinational clients.

Practice head(s):

Jordi Guarch; Raúl Salas

Other key lawyers:

Blanca Usón; Joan de Figarolas; Enric Moret; Elena Ferrer-Sama; Pilar Vacas


‘Blanca Usón is a true expert in corporate tax matters. Maintains a very up-to-date knowledge of the subject.’

‘The Tax team of Roca Junyent is very professional and skilled. They have done a very impressive job in a complicated tax litigation for us.’

‘Competence, flexibility and speed of response. Internal processes turn out to be simpler and more visible compared to other larger firms in the eyes of the client.’

‘In my opinion, Roca Junyent’s tax team in Madrid (Raúl Salas / Elena Ferrer-Sama and Pilar Vacas) stands out for its client service. That is to say, together with advice of the highest technical quality, they unite an involvement and commitment that makes you feel that “you are the most important client for them” and they always serve you giving “down to Earth” advice. You know that they “make your problem their own” and that they understand the possible implications of the issues that are posed to them, even those that are not purely legal.’

‘Client service: they are outstanding, you can contact them at any time 24/7 that always show that you are really important to them. Technical and practical excellence: they help you understand the tax world. Based on their experience they know how to anticipate what may happen and actually “tell you what to do”. They convey a lot of comfort and tranquility.’

‘Specific commitment to service excellence through a solution-oriented approach. Excellent track record in managing procedures with tax authorities. Outstanding and reliable.’

‘Raúl Salas is a partner of high standing, extremely committed on the project. He is a problem solver and totally dedicated to achieve results for his client.’

‘It is a team with a lot of technical knowledge of the issues that advise us, very accessible and with a lot of flexibility to resolve any issue that arises.’

Key clients

Palex Medical

Laboratorios Menarini

Zurich Insurance

Lactalis Nestlé

Borges Group

Ravago Group

Webhelp Group

Fiatc Seguros

Real Automobil Club Catalunya


Docomo Digital Group

Mazda Automoviles España


Royal Caribbean

Vestas Eólica

DLA Piper

DLA Piper expanded and diversified its tax offering in January 2021 with the hire of transfer pricing expert César Salagaray from KPMG Abogados, Spain. His expertise in that arena adds to a practice that acts in tax restructurings, reorganisations and contentious matters, with a particularly strong presence in the real estate sector. Practice head Carlos Rodríguez has significant expertise in tax investigations and tax litigation, while Miguel Baz is a key contact for tax support on real estate M&A.

Practice head(s):

Carlos Rodríguez

Other key lawyers:

César Salagaray; Miguel Baz; María Alonso; Guillermo Bailach; Carlos Espinosa


DLA Piper’s tax team is very thorough and experienced. Its technical level is very high and its greatest ability is to anticipate client needs. This is achieved by knowing the client well and interacting appropriately for it.’

‘The team led by César Salagaray has done a magnificent job, with a perfect understanding of business aspects that result in better advice.’

‘César Salagaray – empathy and technical excellence.’

‘Its closeness and predisposition to be by the side of the company whenever needed. In this, of course, Carlos Rodríguez and Miguel Baz stand out. Also María Alonso and Guillermo Bailach, as legal directors, have the same closeness and predisposition.’

‘DLA Piper has an excellent team, very dedicated and that perfectly understands the needs of its client, so the experience of working with DLA has always been wonderful.’

‘I’d highlight the delivery and understanding the needs of its client, as well as teamwork with other teams involved in the operation.’

‘The DLA Piper Tax team treats its clients as if they were part of their family. There is no small or too complex issue to be discussed. The team is also very technical and proactive, anticipating client’s needs before they are actually a thing. Finally, César Salagaray and his team communicate in a very simple manner so tax matters are understood by every level of the enterprise.’

‘César Salagaray and Carlos Espinosa treat their clients as family members and, consequently, their problems become family issues which must be solved quickly and as smoothly as possible. César Salagaray is one of the most technical and hands-on partners I have ever worked with. He is always available and works very closely to his clients.’

Key clients



Grupo Antolin

Grupo Fracttal

Grupo Lantero

Grupo Prisa

Insud Pharma





Five Guys




Work highlights

  • Advising KGAL on the tax structuring for the investment in an office building in Barcelona, through a tax transparent German vehicle.
  • Assisting Patrizia with the acquisition of a Spanish residential building in Barcelona, including tax structuring and funds flow.
  • Advising Fracttal on its multi-jurisdictional reorganisation involving changes in the shareholding of the group.


The sizeable team at DWF-RCD is noted for its ‘extensive technical knowledge' and handles tax planning, private wealth management, transactional and contentious tax matters from its Barcelona office. Jorge Sarró heads the national tax team, with José María Duran becoming the firm’s global head of tax and private capital in May 2021. As head of corporate crime and compliance, Diego Artacho is the name to note for contentious work, and from a deep pool of junior partners, Lucas Espada is highly praised in tax planning, investment and restructuring transactions.

Practice head(s):

Jorge Sarró; José María Durán; Diego Artacho

Other key lawyers:

Fernando Javier Triviño; Alejandro Capdevila; Iñaki Silva; Lucas Espada; Manel Pérez


‘From my point of view, the element that differentiates RCD’s tax litigation team from other firms is that in addition to the technical knowledge of the substantive issues and the most recent applicable doctrine and jurisprudence, they are capable of approaching the inspection and the lawsuit with a strategic vision.’

‘Extensive technical knowledge, strategic vision, ability to work together with the internal lawyers of the companies. Within the RCD tax team, I would especially highlight Fernando Javier Triviño and Jorge Sarró.’

‘It is a team that is completely oriented to the needs of the client. Sometimes it seems that they are part of the client’s internal team.’

‘Access to partners is continuous for the client and the partner knows the issues first-hand. The second level also maintains a high quality.’

‘Very good practice with young partners very well prepared, especially for the practice of private clients; with a very special mention for Lucas Espada.’

‘Lucas Espada is a practice partner with a very good “can-do” attitude.’

‘Great quality. They get to the bottom of the matter and don’t give ambivalent answers. They help in decision making. They are efficient and have very low fees. Full dedication of the partners of the firm.’

‘Extensive experience in the matter: They are perfectly familiar with the procedure and the tax administration due to their experience, both within it and outside it as tax specialist lawyers. Full dedication to our issues from the department partners: Jorge Sarró: great technical and human quality, communicates issues clearly and easy to understand, ingenious solutions. Fernando Javier Triviño: extensive experience in the field, good treatment and dedication.’

Garrido Abogados

The team of ‘exceptionally well prepared' tax experts at Garrido Abogados has considerable experience advising domestic clients on tax-led matters and stands out for its offering in tax inspections, for which practice co-head Francisco Conde is a go-to contact. Fellow practice head Enrique Benavente focuses on the tax aspects of corporate finance, M&A, restructuring and tax planning. The team has broad coverage of other matters and has recently increased its workload in tax audits and administrative tax litigation.

Practice head(s):

Francisco Conde; Enrique Benavente

Other key lawyers:

Roberto de Francisco; Raúl de Francisco; Carlos Neira


‘Garrido’s advisers base their projects on trust with the client, availability, efficiency and transparency regarding fees. From my point of view, they do not understand their business as a mere provision of services, but rather they aspire to be the partner of the clients, making the problems their own and growing together with a continuous relationship based on mutual trust.’

‘For me, they are the best I have seen in litigation and inspections. They are brutal. They are also very good in all kinds of tax issues, with professionals exceptionally prepared in VAT, personal income tax, restructuring and others, but their best point is that you know that from their hand in inspections the chances of winning are increased.’

‘Availability, transparency, knowledge of all subjects, efficiency in the results. They are very decisive.’

‘I would highlight Francisco Conde, for his closeness, clarity and knowledge.’

‘Analysis of the multiple implications of the function; beyond the scope of the task, they carry out planning to optimize all facets of each performance.’

‘They get involved in knowing the needs that we have and they expose all the pros and cons of the operations. They analyze all the needs both corporate and family.’

‘Francisco Conde has great theoretical knowledge of tax practice, and knows how to take that knowledge to the practical part and execute it.’

‘I would highlight Francisco Conde, in my opinion probably the best in Spain in inspections; he knows them all and has an exceptional relationship with the Administration. His knowledge of tax is broad and complete and he is a great professional. Raúl de Francisco and Eva Martín: The stars of litigation. Very good at preparing documents before any court, they handle the procedures like no one else.’

Key clients

Loomis Spain

Securitas Seguridad Holding

Reale Seguros España

Desguaces la Torre

Air Europa

Reyal Urbis

Urbas Grupo Financiero



Work highlights

  • Advised Globalia on the tax law implications of its €500m sale of Air Europa to Iberia.
  • Assisted Familia Santos with the tax law implications of the €1bn reorganisation of its hotel group.
  • Advised a shareholder at ArcelorMittal on a number of alleged personal and corporate tax offences.

GTA Villamagna Abogados

Offering ‘fast, effective and high-level advice', the tax team at GTA Villamagna Abogados excels in tax litigation, wealth management and tax matters involving financial institutions. Carlos Marcelo is a key name for matters in the finance space, while other sectors of strength for the team include real estate, insurance and pharmaceuticals. Government tax inspector on leave Felipe Alonso is an experienced practice head, and Javier Povo received significant praise from clients for his recent counsel.

Practice head(s):

Felipe Alonso

Other key lawyers:

Carlos Marcelo; Javier Povo; Antonio Ruiz; David Caballero


‘I would start by highlighting the absolutely extraordinary competence, knowledge and skills. I would continue for the exquisite treatment and absolute availability to educate, and guide the client. And finally the confidence and peace of mind of knowing that you are in the best hands. In my specific case, Javier Povo has been an exceptional example of that, and a competent and close professional to whom I would recommend and entrust any matter related to his field without thinking for a minute.’

‘GTA attorneys offer fast, effective and high-level advice in the area of tax law. The GTA team in this area is very strong, they have a very good relationship with clients and they know perfectly the functioning of the Spanish Tax Administration and other countries of the European Union.’

‘Carlos Marcelo is one of the greatest exponents of the firm with a high tax knowledge that together with his values as a person and his communication skills make it very difficult to find a more qualified expert in his field.’

‘GTA Villamagna stands out for its high level of updating in tax regulations, for its adaptation to work together with other specialists when required, for their availability and flexibility to attend to queries or services in extraordinary situations, etc.

‘Both Carlos Marcelo and David Caballero are great lawyers, with very technical and precise knowledge, on a diversity of matters within the fiscal and tax field.’

‘GTA is a small firm, compared to others, and what they achieve is a closeness to the client and an exceptional treatment. They are always available, which makes things much easier when it comes to work. Javier Povo has shown that he knows how to manage clients autonomously, managing complicated projects.’

‘The service exceeds my expectations. When I need them, they are always available to help quickly and have a high level of professionalism. The treatment of the team was outstanding from the first contact. The professionalism and communication were of a high level; even on weekends and holidays, they prepared the case in a record time to present at the tax office. I’d recommend this law firm with my eyes closed. They are honest and fully involved with the client to defend their rights. They always make an extra effort to ensure the client is on the same page, with excellent results.’

‘Javier Povo is a great professional who knows how to help in a difficult moment. Speed, effectiveness, and a good person who can empathize with his clients and lend a hand even in things not included in his services. If it were necessary for the future, I would not hesitate to have Javier Povo and his entire team. The attention is personalized, and you have the certainty at all times that he is dedicating time and effort to your defence.’

Herbert Smith Freehills LLP

Counsel Marta Esteban leads the tax team at Herbert Smith Freehills LLP‘s Madrid office, supporting a considerable transactional offering that includes major cross-border M&A. From a wide range of sectors regularly covered, energy, infrastructure, financial services and consumer products were all active for the firm in 2021. Corporate partner Nicolás Martín provides a link between the tax and corporate teams, which also frequently collaborate with the real estate department.

Practice head(s):

Marta Esteban

Other key lawyers:

Nicolás Martín


‘Compliance with deadlines and client support.’

Key clients

PAI Partners

Magnum Industrial Partners

Cristian Lay

BD Capital

DeA Capital Alternative Funds

Alten Energías Renovables

Asterion Industrial Partners

AEW Europe

Clarion Partners

Abengoa Abenewco 1

Knuru Capital

Fundación Ocean Born

Work highlights

  • Advising Abengoa on the tax aspects related to the restructuring of its financial indebtedness and the financial indebtedness of other group companies.
  • Assisted PAI Partners with the tax aspects related to the acquisition of a majority stake in Angulas Aguinaga Group.
  • Advised Alten Energías on the potential restructuring of the Alten Group.

King & Wood Mallesons

King & Wood Mallesons fields ‘a high-quality practice' under the leadership of the 'superbAlberto Ruano, specialising in tax advice to private equity funds, including both structuring and transactional matters. Litigation and investigations are also an area of strength for the team, and its wide sector coverage includes a notable presence in the sports sector, with Valencia Club de Fútbol being a notable long-term client of up-and-coming partner Pablo Tejerizo. Fernando Jiménez was promoted to counsel in January 2021, and senior associate Covadonga Peréz also comes with client recommendation.

Practice head(s):

Alberto Ruano

Other key lawyers:

Pablo Tejerizo; Fernando Jiménez; Covadonga Peréz


‘The specific knowledge of the tax practice area related to venture capital entities is very relevant. As it is a niche sector, the advice provided by the team of partner Alberto Ruano, who knows the specificities that apply to the sector, is of special relevance.’

‘Very knowledgeable in private equity tax issues.’

‘Alberto Ruano and Pablo Tejerizo have a very strong technical background on tricky questions and also a lot of market experience.’

‘Personalized and specialized advice. They have a very good rapport with each other.’

‘Good disposition and adaptation to the circumstances of the company. Alberto Ruano and Covadonga Pérez stand out.’

‘It is a team specialized by industry sectors which is becoming more and more relevant because each sector has its particularities.’

‘High quality practice led by the superb Alberto Ruano.’

‘Alberto Ruano is technically excellent and very commercial. A solutions orientated tax lawyer.’

Key clients

EDP Energías de Portugal

EDP Renováveis



GED Capital

Axis Participaciones Empresariales

Oquendo Capital


Portobello Capital

Valencia Club de Fútbol

Magnum Industrial Partners


Moira Capital Partners

MCH Private Equity

Asterion Industrial Partners

First Sentier Investors

Qualitas Equity Funds

Capital Dynamics


Glendower Capital

Hayfin Capital



All Iron


Mago Equity

Think Bigger Capital

Kibo Ventures

Inmomutua Madrileña

Access Partners

Omega Capital

Kanoar Ventures

Work highlights

  • Assisted EDP Energías de Portugal and EDP Renováveis on the tax structuring of the €2.7bn transaction agreed with Macquarie that included the acquisition of Viesgo.
  • Advised Portobello Capital on the direct transaction of its portfolio companies Angulas Aguinaga and Industrias Alimentarias de Navarra to a new fund in Luxembourg.
  • Advised Glendower Capital and Hayfin Capital on the tax structuring secondary transaction consisting in the acquisition of the last company in the portfolio of Proa Capital Fund I.


A year of change at Andersen saw departures and arrivals for its tax teams across its four Spanish offices (Madrid, Barcelona, Valencia and Seville). The wider firm’s incorporation of DA Lawyers meant that Paula Caro and Juan Pablo Gutiérrez added respective expertise in corporate income tax and VAT, and international taxation. Borja de Gabriel joined from DWF-RCD in January 2021, specialising in tax planning for investment and restructuring operations. María Olleros continues to lead the team and is strong in cross-border matters, while transfer pricing is increasingly a focus for the practice.

Practice head(s):

María Olleros

Other key lawyers:

Borja de Gabriel; Paula Caro; Juan Pablo Gutiérrez; Rafael Leal; Raúl Ayo


‘Closeness to the client and professionalism.’

‘Borja de Gabriel: very high professional qualification.’

‘Always updated before new regulations.’

‘Closeness and availability on a day-to-day basis.’

Key clients

Servicios Funerarios Montero

Net de Gerrers

Altabana Group


Grupo Azvi

Promotora de Cigarros


J. García Carrión

Grupo Alimentario Citrus

Grupo Lozano


Grupo Raminatrans




Founder Institute Valencia

Set Me Free Music

Merced Capital

Strategic Value Partners



Mutualidad General de la Abogacía

Mutualidad de Previsión Social a Prima Fija

Morgana Gestión



Red Eléctrica de España


Work highlights

  • Acting for Igenomix shareholders on the sale of the company to the Swedish company Vitrolife.
  • Advising Foodiverse Citrus on tax and transfer pricing matters.
  • Advising Nordestada Group on the tax aspects of real estate transactions.

CCS Abogados

CCS Abogados fields a ‘knowledgeable and very decisive' tax practice, which supports a diverse client base in the full range of tax matters, from litigation to M&A support and transfer pricing. Managing partner Miguel Caamaño Anido has a background in the Galicia region and as a result the firm maintains a strong presence there, both in terms of clients and having offices in Vigo and A Coruña.

Practice head(s):

Miguel Caamaño Anido


‘Excellent team. Attentive to detail, knowledgeable and very decisive.’

‘Quick response. Correct resolution of the cases raised. The responses are accompanied by detailed and well-argued reports.’

‘In our case, we have a direct relationship with Miguel Caamaño. Even if the case is handled by another lawyer from the firm, he is always supervising it and, at any time, is available to deal with any questions directly with him.’

‘One of the strengths of the CCS Abogados team is the ease of access to the team that will assist you. You know who to turn to, and their response capacity is agile and decisive. Another strong point of CCS Abogados is that the person in charge who attends you constantly does not change, this makes a huge difference, avoiding having to start a new relationship every so often.’

‘Experience and speed of resolution.’

‘Miguel Caamaño transmits confidence and masters tax law, his knowledge allows him to answer questions instantly. Being a professor in tax and financial law, the consultations in the meetings are agile and pedagogical since his knowledge of the law allows him to instantly answer questions. This is a huge advantage.’

Simmons & Simmons

The ‘technically very strong practice‘ handling tax matters at Simmons & Simmons focuses on the investment finance, life sciences and TMT sectors. The team has established strength working on cross-border transactions and regularly supports all practice areas of the firm’s Madrid office. For finance clients, its work routinely covers advisory, transactional and contentious tax matters, with practice head Juan Sosa Pons-Sorolla well versed in cases at all levels of the Spanish courts.

Practice head(s):

Juan Sosa Pons-Sorolla


‘A technically very strong practice that is always very responsive and displays a practical mindset when approaching complicated tax matters.’

Work highlights

  • Advising a global financial sector group on a complex multi-jurisdictional corporate restructuring project with a strong Spanish dividend WHT planning angle, arising out of a post-Brexit scenario.
  • Assisting a client with acquiring mezzanine and senior facilities in connection with the financing of a major real estate acquisition in Spain.
  • Representing a fund before the Supreme Court in connection with the appeal filed by the Spanish tax authorities against a previous court ruling which upheld a previous claim for over €6m.

Toda & Nel-lo

Barcelona-based firm Toda & Nel-lo celebrates its 20th anniversary in 2022 and has continued to grow its tax practice, recruiting Lourdes Pérez-Luque to its Madrid office from López-Ibor Abogados in February 2021. Senior associate Jorge del Castillo joined her team from Uría Menéndez in March 2021 and they now operate in tandem with practice co-heads Ignacio Goytisolo and Lorena Puig De Travy in Barcelona. The team specialises in complex corporate and public law matters, as well as wealth management for high-net-worth individuals. Francisco Chamorro – who made partner in August 2021 – is also noted.

Practice head(s):

Ignacio Goytisolo; Lourdes Pérez-Luque; Lorena Puig de Travy

Other key lawyers:

Francisco Chamorro; Jorge del Castillo; Albert Mestres; Mireia de Pol


‘Outstanding in-depth study of tax issues and problems, analyzing in detail the multiple repercussions of the issues from the various points of view and legal fields affected. High technical quality and originality of the proposed solutions, always carefully weighing the risks that clients may incur. Involvement in the issues and problems that arise, without losing the necessary objectivity to analyze them with due perspective.’

‘Lourdes Pérez-Luque is what makes this area unique. Conscientious, very technical, with intelligence, skill and dedication to solve any problem, no matter how complex the client may be. For me, the best I have found in legal services in the tax area.’

‘Francisco Chamorro: his proactivity, knowledge of our sector and business, thus his proximity differentiates him from any other firm with which we have worked. Since he gives us fluid communication that allows us to plan our tax strategy in a very optimal, efficient and updated way.’

‘Toda Nel-lo do not follow a cookie cutter approach. They provide tailor made solutions and are brilliant at designing that which best fits the problem you are trying to solve. Also they work very effectively with other departments (e.g. corporate law) that must be involved in a situation.’

‘I’d highlight Ignacio Goytisolo for being great at client management, a brilliant strategist in tax matters, and a great advisor overall. He delivers on the expectations we place on him and his team. He is very committed to helping his clients and leads a very strong team very effectively. He is very resourceful and will not vet and recommend the implementation of solutions until he has fully considered all possible angles.’

‘Francisco Chamorro – very good at managing day to day and also complex tax compliance and transactional consultations. He is very committed to his clients and is a pleasure to work with because he strives to make his clients’ lives easier every time he must intervene.’

‘Mireia de Pol – very good at managing tax audits and compliance. She is very resourceful, very hard working and committed to her clients. She is diligent and is capable of arguing complex tax cases in easy to understand terms, gathering all information and evidence before submitting her claims and depositions. She makes you feel you are in the best hands and also that you are supported by someone that actually cares.’

‘The company, in particular Lourdes Pérez-Luque, has strong knowledge and extensive experience on real estate. Pérez-Luque does not focus only on pure legal and tax aspects, but always tries to evaluate the whole picture of a case and touches finance, commercial and practical aspects in order to find a better solution.’

Key clients

Conren Tramway



Cornex Capital


Ariston Thermo

Work highlights

  • Advising Conren Tramway on a financial operation in the real estate market in the 22@ zone of Barcelona.
  • Acted for Jumia in its establishment of a headquarters in Barcelona.
  • Representing Nike’s Spanish subsidiary in dismissals at its Barcelona headquarters and the restructuring of the company.

Watson Farley & Williams LLP

Luis Soto spearheads Watson Farley & Williams LLP's tax offering, specialising in M&A and asset finance, particularly in the renewable energy and transport sectors. Regarding the latter, the team is ‘very specialised in the maritime sector', where it assists with complex financial products offered in the Spanish market. Soto’s experience in renewable energy-sector tax work pre-dates his joining the firm over ten years ago, and he has a strong reputation among companies in the photovoltaic industry.

Practice head(s):

Luis Soto


‘Very specialized in the maritime sector.’

‘I would highlight the technical specialization and availability / speed in the management of the service.’

‘Luis Soto and his team are not only professionals with a very high technical level, they are also exceptional on a personal level.’

Key clients

Octopus Renewables Infrastructure Trust

Helios Energy Investments

Funds advised by MEAG (Munich Re Asset Management)


Noy Infrastructure & Energy Investment Fund


Saeta Yield


Edda Wind

Work highlights

  • Advised Octopus Renewables Infrastructure Trust on the tax aspects of a 175 MW photovoltaic portfolio under development in southern Spain from Jinko Power Spain.
  • Assisted Helios Energy Investment with the tax implications of its financing restructuring.
  • Assisted funds advised by MEAG on the debt acquisition of Roadis group.

Araoz & Rueda

Javier Prieto leads the tax group at Araoz & Rueda, which handles international advisory and transactional tax matters, assisting with strategy, inspections and restructuring. Commended for its ‘extensive knowledge of Spain real estate tax', the team also acts in a variety of other sectors, with recent new international clients in the energy and entertainment industries.

Practice head(s):

Javier Prieto

Other key lawyers:

Andrés Máiz


‘Great Team! Pleasant to work with, reactive, strong technical skills, pragmatic.’

‘Javier Prieto is not only a great professional but a very nice human being.’

‘Very reactive team, extensive knowledge of Spain real estate tax aspects, excellent quality of the deliverables provided.’

‘Javier Prieto and Andrés Máiz are together a very talented team. They provided a very efficient assistance for our queries regarding Spanish tax matters. In addition to their obvious qualities as tax practitioners, it is worth mentioning their patience, their flexibility and their qualities in human terms.’

Bufete Escura

The tax department of Barcelona-based boutique Bufete Escura assists with day-to-day matters, proceedings before the Spanish Tax Authorities, support on corporate operations such as M&A and corporate restructurings, and transfer pricing. Working together with its corporate team, the firm has a strong international client base, particularly with Spanish subsidiaries in the automotive and food industries, and among Italian companies operating in Spain. Fernando Escura Serés and Elena Escura Esteban lead the team. Robert González Gandía left in April 2021.

Practice head(s):

Elena Escura Esteban; Fernando Escura Serés


‘A great human and professional team with great tax knowledge.’

‘The lawyers at Bufete Escura are very professional and with great knowledge of Spanish tax regulations.’

Key clients

Ascensores Eninter


Central Dica

Marelli España

Garmin Iberia

Benvic IBE

Superficies de Alimentación (Sorli)

Work highlights

  • Advised Ascensores Eninter on the tax aspects of several acquisitions in Spain, Italy and Portugal.
  • Assisted Marelli with the merger between the Spanish companies of the group and subsequent corporate reorganisation.
  • Advised Superficies de Alimentación on the negotiation of various investment and disinvestment transactions of real estate assets.


Cases&Lacambra is specialised in advising family businesses and private clients. Thanks to its ‘international outlook and experience' and ‘knowledge of the different types of taxes and taxation not only in Spain but also internationally', the team is accomplished in cross-border work, assisting with tax audits, structuring and investment planning. Ernesto Lacambra heads the team, supported by Cristina Villanova and David Navarro. Jaume Perelló joined from Cuatrecasas in November 2021.

Practice head(s):

Ernesto Lacambra

Other key lawyers:

David Navarro; Cristina Villanova


‘One of the distinguishing features of Cases & Lacambra versus other firms is the degree of specialization shown by both the younger professionals and, of course, the partners. In addition, in a sector like this, it is important that the response time to the questions raised is short and their content, precise. Cases & Lacambra does not fail in this regard and always offers personalized answers, with an in-depth analysis of the question posed.’

‘Their knowledge of the different types of taxes and taxation not only in Spain but also internationally, which allows them to offer complete advice. They always carry out a detailed analysis of the different scenarios to recommend the most interesting option at the tax level. Among all of them I highlight Ernesto Lacambra and Cristina Villanova.’

‘It is an office with extensive knowledge of the different taxes existing in Spain. It has a good mix of experience and youth within its teams and the treatment they give is very personalized.’

‘The Cases & Lacambra team, with whom I have been working for years, stands out for its professionalism (job well done and a very versatile team), its service (quick and complete response) and ease in communicating the strategies they will employ in the different matters.’

‘The plus of Cases & Lacambra is that they have been able to transmit from the founding partners to the rest of the partners and employees who are joining, the same philosophy of service and values ​​in all their teams: speed, communication, professionalized and well-informed advice with the new legal frameworks and jurisprudence.’

‘The team has an international outlook and experience, with excellent language skills. Their culture is a good fit with ours. They are responsive and supportive in a wide range of projects – being patient and imaginative in exploring projects. They have also been helpful in sharing their trusted network, where appropriate, in exploring opportunities.’

‘Flexible and responsive to non-standard/time sensitive requests from foreign investors.’

‘David Navarro demonstrates a strong knowledge of the often arcane Spanish tax code, and is good at explaining complicated concepts in a manner understandable by a non-tax professional.’

Key clients

Ernesto Ventós

Lear European Holding

Drake Food and Services International

Amplifon Iberica


Fiscalter Inversiones 2013

IB Voigt

Grupo Dani Garcia

Zetland Capital Partners

Arcano Wealth Advisors EAFI

Work highlights

  • Advising Ernesto Ventós on a tax audit initiated by the French tax authorities aimed at reviewing if the Spanish company has a permanent establishment in France for VAT and corporate tax purposes.
  • Assisting Lear European Holding with a tax audit proceeding.
  • Providing ongoing tax advice to Drake Food and Services International.


Dentons' tax team in Madrid has carved a niche in advising insurance companies on warranty and indemnity (W&I), special tax policies and transactions. Practice head María Cortizas has been particularly active in cross-border work in those areas, often collaborating with the Dentons international network. Other strong areas include tax litigation and advising international funds during the repossession phase of the underlying assets securing their NPL portfolios.

Practice head(s):

María Cortizas


‘They have great technical knowledge but at the same time they are very commercial and understand the needs of clients.’

‘Maria Cortizas shows great experience in the field and is very commercial. She is also very aware of legislative developments and market trends.’

Key clients

UBS Real Estate




Oaktree Management


Work highlights

  • Advised UBS Real Estate on the tax consequences of the early termination of the lease agreement relating to the acquisition of a building located in Madrid.
  • Assisting Oaktree Capital Management with its Spanish repossessions.
  • Advised Veolia on the tax aspects of its takeover of a major competitor, water and waste French group Suez.

Marimón Abogados

The tax planning experts at Marimón Abogados work closely with the firm's corporate law specialists to assist with the range of potential tax issues surrounding domestic and cross-border M&A. The team offers tax audit services and is noted for its ‘unbeatable risk analysis' to prevent litigation, though disputes are also a strength when they do arise. Santiago Díez and Gonzalo González co-lead the group from Madrid and Barcelona, respectively.

Practice head(s):

Santiago Díez; Gonzalo Gonzaléz

Other key lawyers:

Lidia Bazán; Álvaro Crespo


‘Commitment to defending the interests of the client. Dedication. Very good evaluation of the relationships between risk and benefit of their recommendations.’

‘Availability and access to partners. Depth of knowledge of the industry.’

‘A special ability to understand issues and ingenuity to give various solutions. Very honest in the options and viability of them.’

‘Understanding the issues and various solutions tailored to each situation, with an unbeatable risk analysis for each of these solutions. It transmits honesty and independence unique in the sector – Santiago Diez, Lidia Bazán.’

Key clients

The Valley


Firmum Capital

Dentsu Aegis Group


De Ruy


Work highlights

  • Advising a pool of British insurers on several tax audit procedures followed by the Spanish Tax Administration against various Spanish-based corporations acquired by a company in the oil industry.
  • Acted for digital services company The Valley in its sale to CVC Capital Partners.
  • Advised a pharmaceutical company on the tax aspects of a business merger and reorganisation.

Tribeca Abogados

Tribeca Abogados advises Spanish and foreign multinationals on direct and indirect taxation, assisting with a wide range of transactions and tax planning, as well as proceedings before the Spanish Tax Authorities and transfer pricing. Both practice heads are highly experienced: Francisco Cavero has a background in transport and logistics tax law; and Victor Alarcón, one of the firm’s founding partners, is a tax expert and economist. Both split their time between Madrid and the firm’s Zaragoza office, where senior associate Alejandra Marco is based.

Practice head(s):

Francisco Cavero de Pedro; Victor Alarcón

Other key lawyers:

Alejandra Marco


‘The partner we deal with in the tax area is Victor Alarcón. We value his close treatment, availability to discuss the issues and his rigor and the legal basis of his recommendations as well as the pedagogy that allows us to better understand the tax regulations and their changes. In complex situations he has been able to advise us diligently.’

‘Alejandra Marco is very diligent in her actions and controls pending issues from day to day.’

‘Francisco Cavero and Alejandra Marco has a very deep knowledge of the international legislation and a high level of interactions with the client.’

‘The knowledge of customs law is incredible. They have a lot of experience with companies and as they say in English they go the extra mile.’

‘I deal with Francisco Cavero whom I consider a marvel for both his knowledge and his ability to understand the problems of his clients.’

‘The Tribeca team is highly competitive, advising us safely and prudently on all queries made.’

‘Victor Alarcón: Knowledge, specialization, closeness, involvement.’

‘Tribeca is like family for not just me, but the entire team. They are there for us whenever needed and help guide us as we have built up several companies and a healthy business. Navigating Spain has not been easy, but thanks to Tribeca we have been able to advance our plans in a successful manner.’

Key clients

Nanogap Sub NM powder

Pangaea Oncology

Orchard Fruit Company

Cygnus Capital

Atalaya Generación Eólica



HME Brass Italy