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Adrián Torrealba

Work 2105-3600
Facio & Cañas

Work Department

Tax Law

Constitutional Law




Member of the Editorial Board of the Revista Euroamericana de Derecho Tributario (Euro American Tax Law Magazine).

Founder and President of the Center of Tax Studies (CET)

Vice-president of the Costa Rican Institute for Tax Studies (ICEF)

Director and profesor of Tax Advising Specialization Course at FUNDEPOS University.

Former Director of the Tax Advising Master’s Program at the Universidad Latinoamericana de Ciencia y Tecnología (ULACIT)

Tax Law and Fiscal Consulting Professor for the Master’s Program, ULACIT.

Financial and Tax Law Professor for the Public Law Graduate Degree Program for the School of Law at Universidad de Costa Rica.

Coordinator of the Tax Commission of the Colegio de Abogados of Costa Rica (Costa Rican Attorneys Bar), (2014-  )

Professor of Tax Law Course for Judicial Staff at Costa Rica’s Judicial School, October-December (2008).

Director of the General Tax Authority. Ministry of Finance, (2000 - 2003).

Consultant for the Municipality of San José for an Integral Tax Reform proposal for municipal taxes (1999-2000).

Founder and current member of the Tax Law Department. Bufete Facio & Cañas (FAYCATAX). (1997 -  )

Consultant for the Ministry of Finance during the creation of the Tax Justice Bill (1995).


Spanish - English and Italian


Member of the Costa Rican Bar Association since 1987.

Member of the International Fiscal Association (IFA)


Constitutional Law and Political Science Specialist. Center of Constitutional Studies. Madrid.

Finance and Tax Law Specialist. Università di Pisa (University of Pisa).

Doctor in Finance and Tax Law. Universidad Complutense de Madrid

Licentiate in Law. University of Costa Rica

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Legal Developments worldwide

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  • The Cayman Islands Data Protection Law, 2017

    The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 (" DPL "), which was expected to come into force on 29 January 2019, will now come into force in September 2019. The DPL will regulate the future processing of all personal data in the Cayman Islands.
  • The Mutual Funds Law (2019 Revision)

    The following information relates to the enactment of The Mutual Funds Law (2019 Revision) and the subsequent commencement of related sections of The Mutual Funds (Amendment) Law 2015. The changes require certain funds to notify the Cayman Islands Monetary Authority if they are active in EU jurisdictions.
  • Stuarts Success - Case Review: Toby -v- Allianz Global Risks US Insurance Company

    Toby –v- Allianz Global Risks US Insurance Company, FSD 152 of 2013 (IMJ), Judgment delivered on 29 August 2018
  • Security Token Offerings in the Cayman Islands

    Security Token Offerings (“STOs”) are an extremely popular means of fundraising for new projects and utilise blockchain technology to do so. Whilst no specific legislation has been passed by the Cayman Islands Government in connection with STOs and cryptocurrencies, it would be incorrect to say that STOs are “unregulated”.

    Black Friday is unquestionable one of the most profitable and busiest days of the year for retail, particularly online. Worldwide almost all online store do offer sales or special promotions on Black Friday or Cyber Monday. Already after this practice has established online, a trademark for " BLACK FRIDAY " was registered in Germany back in 2013. In 2016 a Chinese company acquired the trademark and then filed in 2017 for its extension to Austria. Based on the registered trademark, it granted exclusive rights to an Austrian company, which licensed usage rights to various partner stores against remuneration. Further, an exclusive " Black Friday-Cooperation Program " was established. Non-partners who used the event name or trademark were prosecuted and requested to either pay a license fee or refrain from running Black Friday promotions. Some followed the request and entered into license agreements. Some, however, did challenge the validity of the trademark. Finally, respective proceedings to check the actual protection of the trademark were initiated. Austrian courts now held that the trademark " BLACK FRIDAY " is not protected in Austria .
    - Dorda
  • The Zero Carbon Bill - a closer look

    ​​​​The long-awaited "Zero Carbon Bill" was finally released on 9 May, but despite being greeted by considerable media interest there are a number of significant issues that have yet to come to the fore.
  • A link tax in New Zealand?

    ​​​​A controversial payment to publishers for content in Europe has implications for New Zealand – despite escaping mention in a recent paper that set out the key issues for review for our own copyright laws.
  • News media exemption under the Privacy Act: now a matter of "responsibility"?

    The role of the news media as the "eyes and ears" of the public, and the corresponding right of such news media to be exempted from the Privacy Act 1993 ( Privacy Act ), is entrenched and well accepted. However, the extent to which the news media exemption applies to non-traditional forms of "news" published by "civilian journalists", such as online commentary and blogs, is a hotly debated subject.
  • Quarterly Update on Trade Defense Cases in Turkey (June 2019)

    The authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , has been given from the Ministry of Economy to the Ministry of Trade ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
  • Company Formations - A jurisdictional guide to setting up a business

    The following article contains the Foreword in the IR Global Virtual Series brochure on 'Company Formations - A jurisdictional guide to setting up a business'.