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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Spain > Restructuring and insolvency > Law firm and leading lawyer rankings


Index of tables

  1. Restructuring and insolvency
  2. Leading individuals: Hall of Fame
  3. Leading individuals
  4. Next Generation Partners

Leading individuals

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Next Generation Partners

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Who Represents Who

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The 'top-notch' Clifford Chance¬†has a 'fully committed team' on both the restructuring and insolvency sides. Recent highlights include advising HSBC and the other members of the lenders‚Äô syndicate on the ‚ā¨3.3bn debt refinancing of media group Prisa. It also assisted Noatum Maritime with obtaining a credit facility for the amount of ‚ā¨91.3m granted by a syndicate of banks to refinance the group‚Äôs debt.¬†Banking and finance expert Carlos Hern√°ndez-Canut¬†has 'great negotiating skills', and dispute resolution partner¬†I√Īigo Villoria¬†and senior associate Alexandra Borrallo¬†are¬†recommended for insolvency matters.

Cuatrecasas¬†handles bankruptcy, refinancing and restructuring matters and¬†also acts as insolvency administrator. It advised¬†El Corte Ingl√©s¬†on the ‚ā¨1.65bn refinancing of the financial debt of the company. On the bankruptcy side, it assisted the concessionaire Autopista Madrid-Toledo¬†with the voluntary bankruptcy proceedings of the A-41 highway.¬†Antonio Carre√Īo,¬†Javier Castrodeza¬†and¬†Fedra Valencia¬†are recommended.

J&A Garrigues SLP provides 'rapid responses to complex questions'. Traditionally acting on the debtor side, it assisted Aeropistas with its insolvency and advised Marme Inversiones 2007 on its liquidation procedure within the formal insolvency proceedings. Lender-side clients include BBVA, Santander and several funds. Adrián Thery, Juan Verdugo García and Borja García-Alamán co-lead the practice and principal associate Juan Jiménez is recommended.

Linklaters is particularly well known for its real estate restructuring practice. Refinancing work included acting for Altamira on the refinancing of its existing syndicated facilities agreement, and assisting Prisa with the refinancing of its syndicated debt. On the insolvency side, it advised Concesionaria Costa del Sol, which held a public contract for the construction of a new hospital, on its insolvency proceedings. Pedro de Rojas handles banking and finance matters and Francisco Málaga is the name to note for litigation and insolvency.

Ur√≠a Men√©ndez¬†provides an 'all-round service' and 'creative problem-solving skills'. A highlight was assisting financial institutions such as CaixaBank and Santander with the restructuring of Abengoa's debt. Insolvency work included advising Grupo Isolux Cors√°n on its judicial insolvency proceedings.¬†√Āngel Alonso¬†and Sebasti√°n S√°enz de Santa Mar√≠a¬†co-lead the team, which also includes¬†Carlos de C√°rdenas Smith¬†and √Āngel P√©rez L√≥pez, who has 'sound knowledge and negotiation skills'.

Allen & Overy frequently acts for creditors in insolvency proceedings. For example, it advised the financial creditors of Martinsa-Fadesa on reaching the amendment of a composition agreement and on obtaining approval of the liquidation plan. Juan Hormaechea and Jimena Urretavizcaya are the key names on the banking side, while co-managing partner Antonio Vázquez-Guillén and Javier Castresana are the names to note for insolvency matters.

Freshfields Bruckhaus Deringer¬†frequently advises lenders on the refinancing of financial debt. For example, it acted for¬†Bankia,¬†BBVA,¬†Liberbank¬†and other banks¬†concerning the restructuring of¬†Duro Felguera's¬†debt. It also¬†continues assisting Reyal Urbis with its insolvency.¬†I√Īaki Gabilondo¬†is 'solution oriented' and¬†Rafael Murillo¬†has dispute resolution expertise.

G√≥mez-Acebo & Pombo¬†is recommended for restructuring work. With particular expertise in new money financing and refinancing, it frequently assists lenders such as¬†Banco Madrid and Sareb. Recent work includes advising a¬†syndicate of lenders on the ‚ā¨1.2bn restructuring and refinancing of debt held by Abengoa. The key names are leading lawyer¬†Miguel Lamo de Espinosa¬†and the 'technically very good' Rodrigo L√≥pez, who¬†has 'good commercial and tactical sense' when acting on contentious matters. Of counsel Irene Ar√©valo¬†joined from¬†White & Case LLP¬†in January 2018.

Ashurst LLP advised several funds on Reyal Urbis' and - in a separate instruction - Martinsa Fadesa's insolvency proceedings. Jorge Vázquez and José Christian Bertram are 'very responsive' and provide 'clear advice'.

Baker McKenzie frequently advises Spanish companies in financial distress on pre-insolvency proceedings. Víctor Mercedes is the name to note.

DLA Piper LLP¬†is frequently instructed by funds and recently advised Abengoa on its restructuring plan.¬†√ďscar Franco¬†is the key name for insolvency, while¬†Juan Gelabert¬†handles restructuring matters.

Herbert Smith Freehills LLP's Gonzalo Martín de Nicolás handles restructuring work and Javier de Carvajal insolvency matters. The group recently advised Hotelbeds Group on the restructuring of its destination management business.

Pérez-Llorca recently advised the lenders, including BBVA and Bankia, on the refinancing of debt in the context of Carbures Europe's insolvency. Another highlight was assisting CaixaBank with Grupo Isolux Corsán's insolvency proceedings. Disputes head Félix Montero is the key name and Javier Izquierdo joined from Gómez-Acebo & Pombo in April 2018.

Simmons & Simmons¬†focuses on advising financial institutions on¬†credit recovery. For example, it assisted Santander with Abengoa Bioenerg√≠a's¬†insolvency proceedings.¬†Andr√©s Mochales¬†and √Ālvaro Mu√Īoz¬†are the names to note.

CMS Albi√Īana y Su√°rez de Lezo¬†is recommended for cross-border matters. Recent work includes advising¬†construction company Chamartin La Grela on its insolvency.¬†Juan Ignacio Fern√°ndez Aguado¬†leads the team.

Under the leadership of¬†Jes√ļs Almoguera, J Almoguera Abogados¬†acts for lenders and creditors, including ING Bank.

ONTIER advises domestic companies on voluntary insolvencies. On the creditor side, it assisted Portocarrio with Parque Empresarial del Olivar's insolvency proceedings. Bernardo Gutiérrez de la Roza is a key partner.

At PricewaterhouseCoopers Legal, Julio Ichaso handles insolvency proceedings. For example, the group handled the insolvencies of three companies of the Segur Ibérica group and 11 companies of the Polaris Real Estate Development group.

Ramón y Cajal Abogados handles restructurings and debt refinancings. Other work included requesting Zuarti's liquidation, and assisting listed company Neuron Bio with insolvency proceedings. Ramón Fernández-Aceytuno is recommended for handling insolvencies.

Under the leadership of Jordi Albiol, RCD acts as debtors' counsel and trustee in insolvency proceedings.

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