By THEPHILBIZNEWS STAFF
Photos from The Philippine Business and News
With the strengthening of the trade and investment relations between the Philippines and Spain and other European countries, La Cámara takes advantage of this opportunity and brings together two law firms from Spain and the Philippines to develop trade and investment exchange for both countries.
In the intimate partnership ceremony on June 19, AVCO Legal, a law firm based in Spain, and Escudero-Marasigan-Vallente-E.H. Villareal (EMSAVVIL LAW) a Philippine-based law firm specializing in commercial, labor, taxation, merger and acquisition among others, inked their partnership to help companies from Spain and Latin America, and vice versa who seek to expand overseas.
Attorney Antonio Viñal, Founder and Senior Partner of AVCO Legal, expressed his optimism in this partnership with EMSAVVIL LAW and believed that this would pave the way to increase trade and investment exchange between Spain and other Latin America and Spanish-speaking countries to do business in the Philippines with proper guidance from its partner law firm.
Speaking to THEPHILBIZNEWS, Atty. Diosdado Marasigan, Managing partner of Escudero-Marasigan-Vallente-E.H. Villareal ((EMSAVVIL LAW) said, “This is very timely, given the very strong relationship between the Philippines and our European partners. With this partnership, our (law) firm can develop a system wherein the Spanish investors or Latin American Spanish-speaking countries who target to invest in the Philippines will be guided properly by lawyers in doing business in the Philippines.”
“There are many facets of operations (when doing business) that they need to be assisted which is not just compliance with the laws, but also other issues. There will be no language barrier because they have a local Spanish-speaking law firm in the Philippines,” Marasigan added.
In the sidelines interview with THEPHILBIZNEWS, when the AVCO founder was asked about what industries from Spain will likely invest in the Philippines, Viñal said, “Offhand, we see from agri, infrastructures, waste management and renewable energy. But please they’re not limited to these industries alone. There are more.”
“We should welcome this partnership because it would be a lot easier for Spanish investors to invest in the Philippines. The advantage of the Philippines with other ASEAN countries is the fact that Spain and the Philippines have very strong relationships for more than 500 years and still counting, and many Filipinos have good familiarity with the Spanish language” Viñal said.
Meanwhile, Emmanuel de Ghellinck, Executive Director of the Spanish Chamber of Commerce in the Philippines said, “We are happy to see that this (partnership) is progressing. We are just here to serve as a conduit different between the Philippines and Spain. We are forever grateful that the Spanish Embassy, and other partner embassies, and hopefully this would bring more investments to the Philippines and vice-versa. These companies and investors can assure of the support of La Cámara in whatever capacity we can.
Other embassies that joined are from Brazil, His Excellency Antonio José Maria de Souza e Silva, Spain represented by Charge d’ Affaires Ms. Carmela Barcia and Ms. Silvia Torices, Economic Councillor, Mexico, Ms. Daniela Gil Sevilla, Chargé d’Affaires Embassy of Mexico, Argentina Ms. Andrea Repettia Minister Plenipotentiary, and Ms. Nadine Escano, Consular Officer at Honorary Consulate of the Republic Peru.