The development of legal and tax structure for a hotel project

One of our Clients wanted to form a joint venture with a business partner to finish a hotel project in progress. The Client’s partner was unable to bring the investment to an end alone, but did not want to sell it. As part of our services, we established a special purpose vehicle, helped the Client join the entity and make an in-kind contribution of the hotel project. We also drafted a range of internal documents defining the terms of cooperation between the parties and a capital raising model for the project to enable its completion and further operation. The cooperation model we delivered mitigated the tax risks and included optimal taxation of operations.