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Pérez-Llorca

PASEO DE LA CASTELLANA, 50, 28046 MADRID, SPAIN
Tel:
Work +34 91 436 04 20
Fax:
Fax +34 91 436 04 30
Email:
Web:
www.perezllorca.com

Spain

Banking and finance
Banking and finance - ranked: tier 3

Pérez-Llorca

Pérez-Llorca has a strong client portfolio including Bankia, CaixaBank, Citibank and BNP Paribas. Recent work includes assisting the DE Shaw group with the acquisition of a €550m NPL portfolio, and advising a pool of banks on refinancing the indebtedness of Zodiac Pool Solutions and Fluidra. Fausto Romero-Miura and practice head Ander Valverde are recommended. Pedro Marques da Gama made partner in January 2018 and Ildefonso Arenas joined from DLA Piper LLP in September 2018.

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Capital markets: Debt
Capital markets: Debt - ranked: tier 2

Pérez-Llorca

Pérez-Llorca advised Cortefiel on the corporate governance implications arising from the issuance of €275m of senior secured notes and €325m of floating-rate senior notes. It also advised packaging solutions company Ardagh Group on the issuance of senior notes and assisted alternative investment manager Ben Oldman Partners with the design of a securitisation structure. Julio Lujambio leads the team, in which Javier Gómez made partner in January 2018 and Pablo González Mosqueira is recommended. Carlos Pérez Dávila was a new arrival from Clifford Chance in 2019.

Next Generation Partners

Carlos Pérez Dávila - Pérez-Llorca

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Capital markets: Equity
Capital markets: Equity - ranked: tier 2

Pérez-Llorca

Recently, Pérez-Llorca acted on listings on the MAB. Other work included assisting Banco Santander with the acquisition of Banco Popular, with the client completing a rights issue for a total amount of €7bn. It also advised packaging company DS Smith on all Spanish law matters relating to the voluntary tender offer for 100% of the issued share capital of Europac at an offer price of €16.80 per share. Javier Carvajal and Pablo González Mosqueira are standout practitioners in Julio Lujambio's team. Javier Gómez made partner in January 2018.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Pérez-Llorca

A Spanish heavyweight, Pérez-Llorca is regularly involved in major M&A deals. For example, it assisted packaging company DS Smith with all Spanish law matters relating to the €1.7bn voluntary tender offer for Papeles y Cartones de Europa. Within the 19-partner team, Pedro Pérez-LlorcaJulio Lujambio and Javier Carvajal are key names. Javier Gómez and Pedro Marques da Gama made partner in January 2018.

Leading individuals

Pedro Pérez-Llorca - Pérez-Llorca

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Dispute resolution
Dispute resolution - ranked: tier 2

Pérez-Llorca

Pérez-Llorca is best known for its arbitration practice, with noted experience in cross-border matters. The team, which is led by Félix Montero and Ana Ribó, was recently strengthened by the arrival of Javier Izquierdo, who joined from Gómez-Acebo & Pombo and boosts the department’s strength in the areas of financial institutions and bankruptcy litigation. Experienced arbitrator Fernando Bedoya was promoted to partner in 2018, and Beatriz García is acting for the MAN group of truck manufacturers in judicial proceedings initiated by truck dealers, claiming damages caused by the truck manufacturer cartel. In another highlight, the team is representing Comuto in a complex case initiated by the Confederación Española de Transporte en Autobús, seeking to stop Comuto’s activity in Spain.

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EU and competition
EU and competition - ranked: tier 3

Pérez-Llorca

Pérez-Llorca focuses on cartel and merger control matters. The practice was boosted by the arrival of new team leader Juan Jiménez-Laiglesia, who joined from EY Abogados in 2018. Also notable is specialist in EU litigation Juan Manuel Rodríguez Cárcamo. In recent highlights, the department advised Banco Santander on merger control aspects concerning the acquisition of Banco Popular Español, and acted for Deutsche Bahn in an investigation by the Spanish competition authority related to the alleged infringement of certain agreements entered into with Renfe.

Leading individuals

Juan Jiménez-Laiglesia - Pérez-Llorca

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Employment
Employment - ranked: tier 2

Pérez-Llorca

Pérez-Llorca is particularly active in employment issues in the banking sector and has a particular expertise in collective negotiations. Luis Enrique Fernández Pallarés leads the practice and is experienced in complex transactions, corporate restructurings and cross-border projects. The team advised Avis on changing the labour conditions related to the delivery and collection of cars out of ordinary service hours; Daniel Cifuentes led on this matter. In another recent highlight, the firm assisted Virgin Active with the contract termination of its management team in Spain. Other key clients include Banco Santander, Airbus, HP and Bankia.

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Environment
Environment - ranked: tier 3

Pérez-Llorca

Pérez-Llorca specialises in the area of public law and the development of projects with an environmental element. The firm has particular expertise in industrial waste and water discharge matters. Expert in planning Vicente Estebaranz leads the practice, which recently advised CVC Capital Partners on drafting a legal environmental report on waste management companies in Europe, relating to the potential acquisition of Befesa. In another highlight, the firm assisted Aena with the environmental implications of a plan for the expansion of the second biggest airport in Spain, Barcelona-El Prat.

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Industry focus: Healthcare and life sciences
Industry focus: Healthcare and life sciences - ranked: tier 3

Pérez-Llorca

Pérez-Llorca specialises in the regulatory and administrative aspects of the health sector. In addition, the firm has experience in intellectual property disputes and competition-related advice. Health regulatory and litigation specialist Juan Manuel Rodríguez Cárcamo leads the practice and his work focuses on the pharmaceutical industry. In recent highlights, the practice is advising Mylan on the change in prescription of its medicine Bucometasana, and is also defending the Valencian Board of Official Pharmaceutical Colleges in proceedings arising from various instructions related to pre-filled syringes.

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Industry focus: TMT
Industry focus: TMT - ranked: tier 3

Pérez-Llorca

Pérez-Llorca has particular expertise in public law and regulatory issues relating to the technology, media and telecoms sector. Public law specialist José Ramón de Hoces leads the practice with Juan Manuel Rodríguez Cárcamo, who is experienced in the regulatory aspects of the telecoms industry. Also noteworthy is Beatriz García, who was recently promoted to partner and advises clients internationally on audiovisual and broadcasting rights. The team advised Eurona Wireless Telecom on the €46.8m corporate financing granted by Magnetar Capital for the expansion of the company. In another highlight, the department is assisting Abertis with a number of data protection issues.

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Private equity
Private equity - ranked: tier 2

Pérez-Llorca

Pérez-Llorca advised CVC Capital Partners and PAI Partners on the acquisition of retail group Cortefiel, and handled acquisitions for ADM Capital and Oaktree Capital. Senior partner Pedro Pérez-Llorca, Julio Lujambio, Carmen Reyna and Pablo González Mosqueira all have private equity expertise. Javier Gómez made partner in January 2018.

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Projects and energy
Projects and energy - ranked: tier 2

Pérez-Llorca

Pérez-Llorca's practice is experienced in regulatory advice, transactions and litigation, as well as project finance. The team is led by regulatory expert José Ramón de Hoces; European Union law specialist Juan Manuel Rodríguez CárcamoAnder Valverde, who focuses on banking and finance; and Alejandro Osma, who is experienced in project finance. In a recent highlight, the department assisted Gas Natural Fenosa with the transformation of several distribution and supply points in Galicia from a LPG distribution network to a natural gas distribution network.

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Public law
Public law - ranked: tier 2

Pérez-Llorca

Pérez-Llorca frequently advises on EU regulation. On the contentious side, the group is representing four construction companies in judicial proceedings concerning the requested termination of a public works contract for the construction of road accesses to the port of Barcelona. José Ramón de HocesJuan Manuel Rodríguez Cárcamo and newly made-up partner Beatriz García are recommended.

Leading individuals

José Ramón de Hoces - Pérez-Llorca

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Real estate and construction
Real estate and construction - ranked: tier 1

Pérez-Llorca

Pérez-Llorca advises domestic and international banks and real estate investment trusts. The team assisted Banco Sabadell with a package of non-residential asset transactions valued at €246.5m. Luis Zurera, Gerard Serra and Vicente Estebaranz lead the team. Fausto Romero-Miura, Javier Muñoz  and Alejandro Osma are other key names.

Leading individuals

Fausto Romero-Miura - Pérez-Llorca

Vicente Estebaranz - Pérez-Llorca

Next Generation Partners

Javier Muñoz - Pérez-Llorca

Jordi Farrés - Pérez-Llorca

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 3

Pérez-Llorca

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.

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Tax
Tax - ranked: tier 3

Pérez-Llorca

Pérez-Llorca has cross-border experience in tax matters arising from international transactions, and also represents clients in interactions with the Spanish tax authorities. Tax legislation expert Clara Jiménez leads the team and focuses on litigation and tax audits. M&A and real estate specialist Norma Peña i Bagés is head of the firm’s Barcelona practice. Also notable is tax litigation expert José Suárez, who was promoted to partner in 2018. The firm advised Banco Santander on the structuring of the transfer of Banco Popular’s 49% stake in WiZink to Värde and the acquisition of WiZink’s Banking Business. In another highlight, the department is assisting Adigital and its members with a legislative matter relating to the proposal of a directive on the taxation of digital services, made by the European Commission.

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White-collar crime
White-collar crime - ranked: tier 2

Pérez-Llorca

Pérez-Llorca handles both cross-border and domestic cases on behalf of companies and top-level management. It successfully defended the president of savings bank CAM in a trial concerning alleged accountancy fraud. Adriana de Buerba is a leading lawyer in the area who can count on the assistance of associate Juan Palomino.

Leading individuals

Adriana de Buerba - Pérez-Llorca

Next Generation Partners

Juan Palomino - Pérez-Llorca

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Legal Developments by:
Pérez-Llorca

  • SPANISH LEGAL ASPECTS OF THE TRADING OF NON-PERFORMING LOANS

    Spain has recently been referred to as one of the "hottest" European countries in terms of debt sales, specifically of non-performing loans. This should not come as a surprise in a scenario in which independent audits as of June 2012 revealed a EUR 62 billion capital shortfall in Spanish banks and in which the Spanish rate of non-performing loans stayed above eight per cent of all loans.
    - PEREZ-LLORCA

Legal Developments in Spain

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