Deloitte announced it has signed up a new strategic alliance with the tax practice group at Facio & Cañas, the Costa Rican law firm.
Facio & Cañas is one of Costa Rica’s oldest law firms and recently celebrated its 75th anniversary. Its tax division, branded as Faycatax, is led by partners Adrian Torrealba and Jose María Oreamuno. The firm is the Costa Rican member of Lex Mundi, the global network of law firms.
Deloitte Costa Rica is part of a global network of 245,000 professionals in 150 countries. Its tax and legal division in Costa Rica offers advise on complex tax matters, employment, transfer pricing, migration, and litigation. Deloitte Costa Rica recently integrated ICS Abogados, a tax boutique.
The announcement underlined the facts that both Deloitte and Faycatax have worked together on a number of occasions. There are no plans for a merger and the agreement will see both groups collaborate on tax litigation matters.
The integration of ICS and the strategic alliance with Faycatax come amid media reports in Costa Rica highlighting a number of departures at Deloitte.