DEPARTMENT PROFILE

Palacios, Torres & Korody

Tax

3 ranked lawyersBand 2VenezuelaLatin America 2021 View ranking table

Chambers Review

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What the team is known for

Well-respected tax boutique advising notable domestic and international clients from sectors including insurance, food and beverages, and oil and gas. Prowess in tax-related disputes, including administrative and constitutional proceedings, continues to stand out. Assists with challenges to tax assessments and transfer pricing investigations. Expertise spans the tax aspects of corporate transactions. British American Tobacco is a new addition to the client roster.

Strengths

"The team provides a  high-quality service," clients state, adding that the team is "timely and understanding of the realities of working in Venezuela, therefore able to provide us the clarity to make decisions."

Work highlights

Acted as counsel to Bayer on a defence strategy against a tax authority assessment regarding alleged tax infractions for non-compliance during widespread blackouts.

Notable practitioners

José Gregorio Torres co-leads the department and is experienced advising clients on contentious tax cases, including defending clients against claims of municipal tax violations.

"Amazing" practitioner Juan Korody Tagliaferro wins praise from clients for his "practical approach and understanding of the needs of our company." "He is dedicated and meticulous," another source enthuses. Korody Tagliaferro is co-head of department.

Co-head of department Leonardo Palacios Márquez remains a revered figure in Venezuela's tax arena. "He is a very well-known practitioner" and "a good communicator," a peer reports. Clients laud his "broad knowledge of diverse tax matters," along with the "great quality of his advice and support." His expertise encompasses a range of complex tax mandates with particular expertise in contentious administrative proceedings.

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Venezuela

Tax


José Gregorio Torres
Band 4
Juan Korody Tagliaferro
Band 2
Leonardo Palacios Márquez
Band 1