The Legal 500

Within Banking and finance, PEREZ-LLORCA is a third tier firm,

Perez-Llorca advised E.ON and Abengoa Solar on project financing for the construction of two thermosolar power plants, and advised a syndicate of banks led by Banesto in a debt restructuring transaction relating to Espais group.

Within Capital markets, PEREZ-LLORCA is a third tier firm,

Perez-Llorca is particularly known for its equity capital markets capabilities, and recently advised Banco Pastor on planned convertible bonds issuances totalling over €250m. It acted for Quabit Inmobiliaria in an innovative equity line transaction with GEM Capital, and for Befesa Medio Ambiente in a primary and secondary public offering of shares. Practice head Vicente Conde is recommended.

Within Corporate and M&A, PEREZ-LLORCA is a second tier firm,

Pedro Pérez-Llorca at Perez-Llorca is experienced in cross-border transactions involving Spain, such as CVC Capital’s acquisition of 25% of Abertis in partnership with ACS, and advising Johnson & Johnson on corporate restructuring in Spain. The team also acted for Gas Natural in terminating its joint venture with Enel, and Bunzl in acquiring cleaning company King España Complementos.

Within Dispute resolution , PEREZ-LLORCA is a second tier firm,

Perez-Llorca’s five-partner practice includes David Arias and Félix Montero, both of whom are renowned for litigation and arbitration. Arias sat as arbitrator in ICC arbitration between an Ecuadorean state power utility and the Brazilian Natonal Development Bank. The group is advising security services company Prosegur in a €230m claim brought following a fire at the Windsor building in Madrid.

Within EU and competition, PEREZ-LLORCA is a third tier firm,

Perez-Llorca continues to go from strength to strength under the leadership of Oriol Armengol. It recently advised Ecoasfalt in cartel proceedings regarding alleged price fixing, Ebara Bombas España in a procedure initiated by the CNC relating to an alleged agreement to fix certain sale conditions, and Gas Natural in antitrust proceedings relating to distribution of assets.

Within Employment, tier 4

Perez-Llorca acts for clients such as Hewlett-Packard, which it advised on applying a unique collective bargaining agreement to affected workforces following a transfer of undertaking between it and TwinSoft. Luis Fernández Pallarés leads the team.

Within Insurance Other recommended firms

Within Legal market overview,

The ‘Big Three’ Spanish firms – Cuatrecasas, Gonçalves Pereira; Garrigues; and Uría Menéndez – maintain their reputation for excellence. Gómez-Acebo & Pombo Abogados is also a strong player. Other notable Spanish firms include Perez-Llorca and CMS Albiñana & Suárez de Lezo.

Within Projects and energy, PEREZ-LLORCA is a third tier firm,

Perez-Llorca recently advised E.ON and Abengoa on a joint venture agreement for two solar thermoelectric plants totalling 100MW. It is advising Gas Natural on the acquisition of 50% of EUFER’s renewable energy assets. José Ramón de Hoces and Fausto Romero-Miura are recommended.

Within Real estate, PEREZ-LLORCA is a second tier firm,

Perez-Llorca recently advised a syndicate of banks led by Banesto in restructuring part of Espais’ debt, which involved the sale of a real estate asset. Other clients include Gas Natural and Quabit Inmobiliaria. On the planning side, clients include Santander Port Authority and Banco Pastor. Luis Zurera and Barcelona-based Gerard Serra are the team’s key figures.

Within Restructuring and insolvency, PEREZ-LLORCA is a third tier firm,

Perez-Llorca was involved in debt restructuring and refinancing of Inmobiliaria Urbanitas, advising the company on financing, security and insolvency and pre-insolvency matters. It is advising Banco Pastor on the Aifos bankruptcy. Fernando Quicios and Félix Montero are the main contacts.

Within TMT Other recommended firms

Within Tax, tier 4

Perez-Llorca advised Contax in a controlled auction process aimed at acquiring a leading Latin American group of business process outsourcing solutions, and advised a pool of banks led by Banesto on restructuring part of Espais Group’s debt. Javier Fernández Cuenca and Clara Jiménez are the key contacts.