The two networks hope the agreement will enable them to better serve international clients. The two are notable for not having audit branches, which they feel would constrain their offerings and potentially give rise to conflicts of interest.
The two organisations have collaborated for more than five years, initially connecting through Brazilian firm Machado Associados, which is part of both networks.
LATAXNET, founded in 2003, has firms in 18 South and Central American jurisdictions among its members. These include Rosso Alba, Francia & Asociados in Argentina, Lewin & Wills Abogados in Colombia, Turanzas, Bravo & Ambrosi in Mexico and Rubio Leguia Normand & Asociados in Peru.
WTS Global is present in more than 100 countries worldwide and works with a wide range of clients.
Representatives from seven countries in the LATAXNET network came to Germany for the signing ceremony, visiting WTS offices and meeting clients.
