Chambers Review
Provided by Chambers
Tax - Venezuela
What the Team is Known For
Palacios, Torres & Korody is a market-leading tax boutique firm that regularly advises notable domestic and international clients from sectors including telecommunications, food and beverage, and oil and gas. The team's prowess in tax-related disputes, including administrative and constitutional proceedings, continues to stand out. The department also offers extensive expertise in advising on the tax aspects of corporate transactions and financial agreements, as well as assisting with wealth tax matters.
Strengths
Palacios, Torres & Korody has consistently exhibited an exemplary ability to navigate and excel in complex and sophisticated matters.
Palacios, Torres & Korody understand our business needs and are always looking for ways to align those with the law.
Work Highlights
Palacios, Torres & Korody advised Schlumberger on a reorganisation process to optimise its tax burden while ensuring compliance with legal and regulatory obligations.
Notable practitioners
Leading light Leonardo Palacios Márquez remains a revered figure in Venezuela's tax arena. His expertise encompasses a range of complex tax mandates, with particular expertise in contentious administrative proceedings and compliance with the Venezuelan wealth tax.
Leonardo Palacios Márquez's commercial and legal knowledge regarding tax matters is outstanding. His awareness of the client's needs and his understanding of those needs are truly remarkable.
Leonardo Palacios Márquez is able to make things move quickly.
Juan Korody Tagliaferro showcases an exceptional level of legal sophistication, demonstrating a profound understanding of intricate legal matters with precision.
José Gregorio Torres boasts extensive experience advising clients on contentious tax proceedings, including defending clients in cases relating to VAT withholdings in arrears.
José Gregorio Torres shows deep interest in all the issues that we have raised, and normally his answers cover much more than what is proposed.