Andersen has begun high-altitude sailing that will culminate after the summer with the start of the America’s Cup sailing in the Catalan capital. The law firm from Barcelona exclusively handles the legal matters of the third most watched sporting event in the world.
Although it currently offers its comprehensive services for any doubts that may arise permanently to the New Zealand team, the organizer of the event, its role began much earlier, when it had to help the Barcelona bid to comply with the necessary legal requirements.
A work carried out discreetly, but essential and without which it literally would not have been possible to come to fruition. Because the New Zealanders, by choosing Barcelona as the venue for the competition, have had to face a legal reality very different from their own, without the Anglo-Saxon common law, with many administrations that have a voice in conflicting chapters and interests.
For example, few know that, for the America’s Cup to loosen its moorings towards the Port of Barcelona, ??the ordinary legislative body had to be adapted in record time (even in a somewhat bizarre way such as embedding a legal section in the railway law). , so that there would be the corresponding recognition of the event as being of “public interest.”
From a regulatory point of view, for the Copa del América a tailor-made legal suit had to be made – just like in the Valencia edition: tax deduction for sponsorship investments, speed up the achievement of the NIE for professionals, establish a exemption from Corporate Tax for income obtained during the event, as well as a 65% reduction in Personal Income Tax when taxing the profits earned by foreign workers in their work for the organizing entity of the Copa del América.
Quite a challenge for the Barcelona team, led by Juan Ignacio Alonso Dregi, partner and director of the Barcelona office and supported by partners Yago Martos, (Prosecutor) Juan Roda, (Prosecutor) Marcos Mas, (Public) and José Ignacio Parellada (Mercantile). Although it only generates 5% of the firm’s global turnover, the Barcelona subsidiary of the firm will have in its hands one of the symbolic events that will transform the city.
Andersen, with a staff of more than 350 professionals and six branches on the peninsula, obtained around 50 million in revenue in 2023, 25% more than the previous year. The business, never better said, is going from strength to strength.