Lexvalor Abogados has handled precedent-setting tax cases. It has continued to build upon its strong connections with accounting firms in the region and is expanding the transfer pricing and accounting section of its practice, particularly through its recent hires at the associate level from Big Four accounting firms. The group handles income tax credit refunds and is also prominent in the VAT space regarding the imposition of VAT on products and companies, as well as litigation stemming from the application of VAT. Carlos Coronel, noted for being ‘deeply knowledgeable in tax regulations’ heads up the team together with Paola Gachet. Víctor Chiriboga, director of the firm’s tax division, is a standout practitioner in the team for the tax elements of M&A, and also advises on double tax treaties and income tax. Founding partner Pablo Arias stands out for tax litigation before a range of judicial authorities, and Ana Belén Cadena and Danny Espinosa are key team members at the associate level.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Each client has a manager within the firm responsible for directing and channeling requests. This has allowed them to respond more promptly, and the quality of their responses is very high, with excellent specialisation.'
‘Carlos Coronel is an excellent professional, deeply knowledgeable in tax regulations, very approachable, and his personalized attention sets Carlos and Lexalor apart from the competition. Victor Chiriboga, an excellent professional, is attentive to all issues and provides continuous follow-up.'
‘Lexvalor is an innovative and agile firm that is growing rapidly in the Ecuadorian market. Its commitment to excellence and agility in advising clients make it the best option for tax and corporate consulting in Ecuador.'
‘Carlos Coronel and Paola Gatchet are excellent attorneys with a deep understanding of the law.'
- 'Their in-depth analysis and practical legal sense add value to the legal advice they provide.’
Key clients
- Grunenthal
- Continental General Tire
- Banco Internacional
- Primax
- Grupo Barka Capital
- Organon
- Servientrega
- Grupo Futuro
- Essity
- Corporación Favorita
- Productos AVON
Work highlights
Assisted Corporación Favorita with securing $300m in external financing.
Represented Productos AVON Ecuador in a landmark ruling in which the court recognised a taxpayer’s right to deduct provisions over time.
Assisted ANDEC with the deductibility of royalty payments and the refund of Income Tax credits for 2012-2014.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Carlos Coronel Endara
Paola Gachet
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Carlos Coronel; Paola Gachet