Legal500

Linklaters

CALLE ZURBARAN, 28, 28010 MADRID, SPAIN

Warsaw, Tokyo, Stockholm, Singapore, Shanghai, São Paulo , and 22 more

What we say about this firm…
What the firm says…

What we say about the firm's legal practice in Spain

Banking and finance

Within Banking and finance, Linklaters LLP is a first tier firm,

Linklaters SL advises lenders and borrowers on Spanish and English law, and acted for Gamesa on a €1.2bn forward start facility granted by a 37-lender syndicate to replace its existing credit facility. Other highlights included advising the lenders and La Caixa as agent and security agent on the acquisition of 25.83% of the issued share capital of Abertis Infraestructuras by a special purpose vehicle controlled by ACS, Criteria and CVC. Pedro De Rojas and Ben Crosse are key individuals.

Capital markets

Within Capital markets, Linklaters LLP is a first tier firm,

Linklaters SL’s practice covers debt, equity and equity-linked instructions, and liability management, and is led by Iñigo Berrícano. It advised listed companies such as OHL and Cementos Portland and underwriting banks including Pescanova on rights issues and has also been advising on convertible bond transactions – the group maintains a leading position in debt capital markets domestically and internationally. Iñigo Berrícano and Conrado Tenaglia are recommended.

Capital markets (US law)

Within Capital markets (US law), Linklaters LLP is a second tier firm,

Conrado Tenaglia is the main contact at Linklaters SL, which has a strong presence in the equity-linked market. It recently acted on Telvent’s $200m convertible notes issue, the €450m partially subordinated bonds issued by Fomento de Construcciones y Contratas, and a number of international convertible bond issuances by Spanish companies. The group also acted on rights issues and block trades, and new debt products.

Corporate and M&A

Within Corporate and M&A, Linklaters LLP is a first tier firm,

Linklaters SL’s ‘top-notch’ practice is an established leader in equity issues, and receives regular instructions from global co-ordinators and underwriters. Recently it has also been acting for corporates including Iberdrola, Abengoa and Telvent. Highlights included advising Permira on acquiring online tourism site eDreams. Alejandro Ortiz heads the practice, while Sebastian Albella, Miles Curley and Jaime Zurita are also recommended.

Dispute resolution

Within Dispute resolution , tier 4

Linklaters SL provides an ‘excellent quality of work, dedication and expertise’, and is ‘flexible and customer-oriented’. Practice head Francisco Málaga ‘is particularly strong in litigation, and has the ability to deal with the most complicated of cases’.

EU and competition

Within EU and competition, Linklaters LLP is a first tier firm,

Linklaters SL’s ‘highly professional’ team is led by Jaime Pérez-Bustamente, who ‘provides solutions’ and is praised for his ‘business-oriented approach’. Clients value the team’s abilty to handle multijurisdictional deals, which brings it work for multinationals including ArcelorMittal, Cargill and Novartis as well as Spanish clients such as Grupo ACS, Banco Santander and Iberdrola. The group recently represented longstanding client El Corte Ingles in settlement negotiations before the Basque regional competition authority regarding holiday opening hours. Other instructions came from Hormigones Quinsa, Maxam and Sistema 4B.

Employment

Within Employment Other recommended firms

Intellectual property

Within Intellectual property Other recommended firms

Legal market overview

Within Legal market overview,

Spain is dominated by the historical ‘Big Three’ domestic firms – Cuatrecasas, Gonçalves Pereira, Garrigues and Uría Menéndez. The UK firms of Clifford Chance, Linklaters SL and Freshfields Bruckhaus Deringer follow closely, particularly when competing for top-end transactions, and newcomer Herbert Smith LLP has made a good first impression in the market.

Projects and energy

Within Projects and energy, Linklaters LLP is a second tier firm,

Linklaters SL enhanced its project finance team by recruiting José Giménez and his team from CMS Albiñana & Suárez de Lezo. Pedro de Rojas heads the practice, which recently advised TASEIC on the construction of a thermosolar power plant, the first significant renewable energy project in the Gulf region. It has been acting for Macquarie Capital Funds and Goldman Sachs Infrastructure Fund as bidders for Endesa’s natural gas transport and distribution assets.

Real estate

Within Real estate, Linklaters LLP is a second tier firm,

Linklaters SL’s real estate team counts among its recent highlights the handling of the distressed debts of Colonial and Orion, and acting on a building acquisition by UBS in Barcelona. The team also advised on numerous investments such as acting for two investors on three sale-and-leaseback transactions by Eroski. Other highlights included advising BBVA on its acquisition of the five-star hotel redevelopment of Marconi House in London. Rafael Molina is the key contact.

Restructuring and insolvency

Within Restructuring and insolvency, Linklaters LLP is a first tier firm,

Linklaters SL advised corporates such as Grupo SOS, Bodybell, Keraben and Levantina. It also advised Realia Business on restructuring its existing debts into a syndicated loan facility. Pedro De Rojas is the key contact.

TMT

Within TMT, Linklaters LLP is a third tier firm,

Linklaters SL recruited José Giménez and two associates from CMS Albiñana & Suárez de Lezo in 2009. Giménez is well regarded for his TMT and public law expertise. The team is praised for its ‘excellent quality of work’.

Tax

Within Tax, Linklaters LLP is a third tier firm,

Linklaters SL’s tax practice is led by Javier Garcià-Pita, who joined the firm in 2009. This small team of senior lawyers recently represented a group of Permira funds in acquiring eDreams, a leading online travel agency. It also acted for Telvent GIT on issuing $200m senior subordinated unsecured bonds on the Luxembourg Stock Exchange’s Euro-MTF Market.

What we say worldwide

Please choose another Linklaters LLP office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

United Arab Emirates

Offices in Dubai and Abu Dhabi

Belgium

Offices in Brussels and Antwerp

China

Offices in Shanghai and Beijing

Germany

Offices in Berlin, Frankfurt, Munich, and Dusseldorf

Algeria

Foreign firms : Foreign firms

Spain

Offices in Madrid

France

Offices in Paris

Ghana

Legal market overview : Legal market overview

Hong Kong

Offices in Hong Kong

Indonesia

Foreign firms : Foreign firms

India

Foreign firms : Foreign firms

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

Luxembourg

Offices in Luxembourg

Morocco

Foreign firms : Foreign firms

Netherlands

Offices in Amsterdam

Philippines

Foreign firms : Foreign firms

Poland

Offices in Warsaw

Portugal

Offices in Lisbon

Qatar

Foreign firms : Foreign firms

Russia

Offices in Moscow

Sweden

Offices in Stockholm

Singapore

Offices in Singapore

South Korea

Foreign firms : Foreign firms

Thailand

Offices in Bangkok

Tunisia

Foreign firms : Foreign firms

United States

Offices in New York

Vietnam

Projects and energy : Projects and energy

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Legal Developments in Spain

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Spanish Bankruptcy Act reform

Chapter IV, Title III of the Bankruptcy Act (hereinafter, the "BA") regulates the filing of actions against the activity of debtors declared bankrupt in order to return to the bankrupt estate certain assets which the legislator considers should never have been taken away.

- Adarve Corporación Jurídica
Contesting the candidates is only possible during the social elections procedure

The employer has the possibility to contest the candidate lists in the event that a candidate does not comply with the conditions for eligibility. The Supreme Court recently confirmed that this is only possible within the strict terms provided in the social elections procedure.

- Claeys & Engels, member of Ius Laboris
RIVERO & GUSTAFSON ABOGADOS September Newsletter

Commercial

- Rivero & Gustafson Abogados
COLLECTIVE BARGAINING AGREEMENT AND COLLECTIVE BARGAINING

Urgent Measures for the reform of collective bargaining.

- Rivero & Gustafson Abogados
Newsletter May 2011

Commercial …………………………. Strengthening Financial System Law on a Sustainable Economy

- Rivero & Gustafson Abogados
Newsletter January 2011

(1) Mercantile: Liberalizing actions in the tax and labor areas in order to encourage investment and create employment. (2) Litigation: Reform of the Penal Code (Organic Law 5/2010 of June 22). (3) Labor: Paternity Leave. Maintenance of employment and professional training. IPREM and SMI for 2011. Self Employed Workers. Pensions. Placement Agencies. (4) Tax: Changes: personal income tax, company tax, income tax for non residents, tax on patrimony transfers and documented legal acts, VAT.

- Rivero & Gustafson Abogados
The evidence of foreign law: The Spanish Supreme Court’s Judgment of 24 June 2010

We live in a globalized world where people, goods and money can move freely between national borders. It is perfectly possibly to buy a computer manufactured in Tokyo from a sales company established in Bangladesh, while sitting outdoors on a terrace in Rome. In this context, with transnational commerce and business relations constantly expanding, it is logical that international litigation is becoming increasingly commonplace.

- PEREZ-LLORCA
Special Labor Reform Newsletter

LAW 35/2010, OF SEPTEMBER 17, ON URGENT MEASURESFOR THE REFORM OF THE LABOR MARKET

- Rivero & Gustafson Abogados
CHANGES IN THE REGIME GOVERNING RESTRICTIONS ON VOTING RIGHTS AT SPANISH LISTED COMPANIES

On June 17, 2010, following a rough and eventful passage through Parliament, the Lower House of the Spanish Parliament finally approved a transcendental amendment to the Spanish Corporations Law (to article 105.2) affecting only listed corporations: a prohibition on voting ceilings for a same shareholder (or companies in the same group), regardless of the number of shares they own.

- Garrigues
REORGANIZATIONS OF BIOTECH FIRMS

In spite of the M&A downturn both globally and in the healthcare industry in particular, 2008 saw a twofold increase in the volume of deals involving biotech firms. Judging from the news that emerged during 2009 and in light of recent surveys, this trend looks set to continue and the outlook is undoubtedly rosy, above all in pharmaceutical R&D.

- Garrigues