We worked on the tax-related issues arising from the establishment of a foreign Trust regarding the Peruvian shares of Viva Air, as part of the transaction to make viable the now public alliance between the company and Avianca. The fact that Peruvian law does not regulates taxes applicable to foreign trust agreements as well as the special requirements of the case, such as to temporarily carve-out the political rights of Viva while maintaining its economic rights made the case one of a kind.
