Lovells has launched a standalone tax practice in Spain with the appointment of the former Spanish director general of taxation and former deputy director general of tax policy.
Former director general of taxation Miguel Ángel Sánchez, who joins the firm as a partner, will be based out of the firm’s Madrid office from 2 November. He joins with his former colleague, the deputy director general of tax policy Alfonso Padilla.
The appointments are in line with Lovells ‘ plans to expand the business law service provided by its Spanish practice.
Sánchez will lead the tax practice, which will focus on tax issues related to private equity transactions, finance, international tax planning and family-owned companies.
The Spanish tax system has undergone a radical process of reform over the last few years, culminating in the new General Tax Law, which came into force on July 1st, 2004. Sánchez and Padilla were both closely involved with these reforms, while Sánchez also assisted in Spain signing more than 15 double tax treaties.
Managing partner of Lovells’ Madrid office José María Balañá said: “We believe their arrival together will position us as a premier firm for tax advice in Spain. It will also be very attractive to other tax practitioners. We expect rapidly to add lawyers of equal quality to our growing practice here in Madrid.”