Restructuring Peruvian operations of US-based textile company. Our firm is advising the US-based textile company Paka Apparel on the corporate restructuring of its Peruvian operations.
Incorporation of new local entity to separate business activities: The restructuring includes the incorporation of a new local entity to separate production and export activities and the reorganisation of shareholding structures to optimise tax efficiency and business growth.
Transferring key commercial agreements between client’s entities: Our work also includes advisory on the transfer of key commercial agreements between the existing and newly formed entities, ensuring contractual continuity, and reviewing and drafting contractual amendments to reflect the new business structure. We are also seeking to optimise the new corporate setup to align with business objectives while mitigating potential regulatory risks.
Expansion of client’s operations in Peru: This matter is of utmost importance to our client as it enables it to expand its operations in Peru, strengthening its position in the textile industry. Once the structure is operational and fully functional, it will allow for further expansion, the hiring of additional staff, and an increase in production contracts with Peruvian local communities.
Latest development: We are currently advising the client on the matter.
