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Clifford Chance

PASEO DE LA CASTELLANA 110, 28046 MADRID, SPAIN
Tel:
Work +34 91 590 75 00
Email:
Web:
http://www.cliffordchance.com

Spain

Banking and finance
Banking and finance - ranked: tier 1

Clifford Chance

Clifford Chance’s team covers the gamut of banking and finance matters including, syndicated lending, leveraged and acquisition finance, refinancing and debt restructuring, asset finance, project finance and financial regulatory issues. In a recent highlight, it acted for Banco Santander (as agent and bookrunner), BNP Paribas and Société Générale, as joint bookrunners and underwriters, and other syndicated lenders on the €387m senior financing of the acquisition of Pepephone and Yoigo by Spanish telecom operator MásMóvil (the credit line constituted a significant part of the global sum). The practice also acted for CaixaBank on a credit facility of €400m provided to Werfenlife, intended to finance the acquisition of US-based corporation Accriva Diagnostics. Practice head José Guardo, Epifanio Pérez, Eduardo García, Carlos Hernández-Canut and Carl Fitzgerald are highly regarded.

Leading individuals

José Guardo - Clifford Chance

Next generation lawyers

Carlos Pérez - Clifford Chance

Eduardo Fernández-Rico - Clifford Chance

Felipe Font - Clifford Chance

James Rodier - Clifford Chance

María Sabau - Clifford Chance

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Clifford Chance

Clifford Chance’s ‘very professional’ corporate team ‘impresses with its level of service, quality, skills, knowledge and the integrity of its lawyers’. Recent highlights include advising KKR on its acquisition of a 40% interest in leading telecoms corporation Telxius, which had an aggregate value nearing €3.7bn; Javier Amantegui and recently promoted partner Samir Azzouzi led the advice. The team also assisted MásMóvil with its €612m purchase of Yoigo. Practice head Javier García de Enterría, Jaime Velázquez, Luis Alonso, Guillermo Guardia and José María Fernández Daza are recommended.

Leading individuals

Jaime Velázquez - Clifford Chance

Javier Amantegui - Clifford Chance

Javier García de Enterría - Clifford Chance

Next generation lawyers

Samir Azzouzi - Clifford Chance

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Dispute resolution
Dispute resolution - ranked: tier 1

Clifford Chance

Clifford Chance draws on the considerable experience of José Antonio Caínzos, who ‘has no weak spots, blending foresight and rigorousness’, to act on disputes across sectors. The firm recently represented Proyectos Inmobiliarios New Visions (owned by Unibail-Rodamco) in real estate litigation arising from the termination of a plot acquisition. Senior associate Ignacio Díaz specialises in international arbitration and cross-border litigation.

Leading individuals

José Antonio Caínzos - Clifford Chance

Next generation lawyers

Ignacio Díaz - Clifford Chance

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EU and competition
EU and competition - ranked: tier 1

Clifford Chance

Clifford Chance handles ‘cases of high strategic importance’. The well-respected Miguel Odriozola leads the ‘strong team’, which includes senior associate Belén Irissarry. The group acts on market-leading deals, such as representing IAG and Latam Airlines before the EU and Latin American competition authorities in respect of their South Atlantic alliance; on the merger control side, the firm acted for Coca-Cola on its acquisition of leading soy-based beverage AdeS from Unilever.

Leading individuals

Miguel Odriozola - Clifford Chance

Next generation lawyers

Belén Irissarry - Clifford Chance

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Employment
Employment - ranked: tier 2

Clifford Chance

Clifford Chance provides ‘a proactive and realistic analysis’ of contentious and non-contentious matters. Counsel Juan Calvente has ‘a great technical understanding of the applicable legislation’ and is strong in advising finance clients; he is acting for Santander on a cross-border executive dismissal procedure.

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Environment
Environment - ranked: tier 1

Clifford Chance

Clifford Chance stands out for its ‘commercial approach and integrity’; the firm has a dedicated carbon trading unit which is integrated with its capital markets practice. It is also experienced in contentious administrative proceedings and is representing ICL Group and its subsidiary Iberpotash in appeals relating to mining activities. Practice head Juan José Lavilla and José Guardo are the key contacts.

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Insurance
Insurance - ranked: tier 2

Clifford Chance

Clifford Chance regularly handles complex insurance transactions. Practice head Jaime Sánchez led advice to AXA on the acquisition of the Polish insurance business of Liberty Mutual Insurance. Other work included assisting Chubb Insurance Company of Europe (CICE) with the transfer of its non-life insurance business to ACE European Group (AEGL), as well as handling the cross-border merger between CICE and AEGL.

Leading individuals

Jaime Sánchez - Clifford Chance

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Private equity
Private equity - ranked: tier 1

Clifford Chance

Clifford Chance’s ‘very strong’ private equity team is ‘quick, knowledgeable and proactive’. Practice head Javier Amantegui and recently promoted partner Samir Azzouzi led advice to KKR on its acquisition of a 40% interest in Telxius in a €3.7bn operation. Luis Alonso is also noted. Clients include Goldman Sachs, Macquarie, Suma Capital and Ardian.

Leading individuals

Javier Amantegui - Clifford Chance

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Projects and energy
Projects and energy - ranked: tier 1

Clifford Chance

Clifford Chance’s multidisciplinary team has vast expertise in the projects and energy sector, and is regularly instructed to handle complex project financing mandates. In one highlight, it acted for Deutsche Bank and CaixaBank, as the lead managers, and Merrill Lynch, as the placement agent, on Vela Energy’s issuance of secured project bonds in the sum of €404m. José Guardo and Juan José Lavilla are the key names.

Leading individuals

José Guardo - Clifford Chance

Juan José Lavilla - Clifford Chance

Next generation lawyers

Alejandro León - Clifford Chance

Eduardo Sánchez - Clifford Chance

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Public law
Public law - ranked: tier 1

Clifford Chance

The ‘pragmatic and knowledgeable public law team’ at Clifford Chance stands out for its ‘fast response to client’s queries and its high-level of professionalism’. The ‘outstanding’ Juan José Lavilla jointly heads the practice with José Luis Zamarro. The group advises Iberdrola on a wide range of regulatory matters concerning its business activities. It is also representing Endesa in a variety of appeals against various Spanish authorities, including the Ministry of Industry and regional administrative bodies, concerning the applicability of tariffs and liabilities imposed.

Leading individuals

Juan José Lavilla - Clifford Chance

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

Clifford Chance

‘A clear leader in the real estate sphere’, Clifford Chance’s practice is one of the largest in the market. The team advised Testa Residencial SOCIMI (a Spanish REIT) on a non-monetary share capital increase amounting to €665m, paid via the contribution of an extensive portfolio of residential buildings by its shareholders. Other clients include Deutsche Bank, El Corte Inglés and Merlín Properties SOCIMI. Practice head Carlos Portocarrero and Blanca Ochoa are the key names.

Leading individuals

Blanca Ochoa - Clifford Chance

Carlos Portocarrero - Clifford Chance

Next generation lawyers

Angel Vizcaino - Clifford Chance

Conchita Sainz - Clifford Chance

María Pradillo - Clifford Chance

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 1

Clifford Chance

Clifford Chance’s ‘first-class, always commercial’ practice is comprised of experts from its banking and litigation teams who ‘focus on what is achievable within tight deadlines but with imaginative insight’. Carlos Hernández-Canut leads on refinancing, recently advising the ad hoc committee of bondholders on Abengoa’s €14bn restructuring. On the insolvency side, key contact Iñigo Villoria has ‘profound experience and provides practical advice’; senior associate Alexandra Borrallo specialises in civil lawsuits and insolvency proceedings.

Leading individuals

Carlos Hernández-Canut - Clifford Chance

Iñigo Villoria - Clifford Chance

Next generation lawyers

Alexandra Borrallo - Clifford Chance

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Tax
Tax - ranked: tier 2

Clifford Chance

At Clifford Chance, ‘efficient and straightforward’ practice head Pablo Serrano de Haro is advising White Summit Capital and Covalis Capital on tax matters relating to the acquisition of Naturgas. Other highlights include assisting Blackstone Group with tax structuring.

Leading individuals

Pablo Serrano de Haro - Clifford Chance

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Spain: Capital markets

Debt
Capital markets: Debt - ranked: tier 1

Clifford Chance

‘A visible name in the capital markets arena’, Clifford Chance advised Banco de Crédito Social Cooperativo and Banco Mare Nostrum on their corresponding issue of fixed-rate reset subordinated notes due in 2026. The team also acted for Barclays, BNP Paribas, CaixaBank and others on a tender offer of existing notes, and issuance of new ones, by Abertis Infraestructuras in a complex transaction as the tender offer was governed by English law and the new issuance by Spanish legislation. José Manuel Cuenca, Yolanda Azanza, Eduardo García and Antonio Henríquez are all recommended.

Leading individuals

José Manuel Cuenca - Clifford Chance

Yolanda Azanza - Clifford Chance

Next generation lawyers

Carlos Pérez - Clifford Chance

Jesús Quesada - Clifford Chance

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Equity
Capital markets: Equity - ranked: tier 1

Clifford Chance

‘The very professional and knowledgeable capital markets team’ at Clifford Chance has long-standing experience handling equity matters. The group was instructed by Testa Residencial SOCIMI on a non-monetary share capital increase in the amount of €660m. Other clients include Más Móvil, Banco Santander and Blackstone. José Manuel Cuenca leads the team with Yolanda Azanza and Javier García de Enterría also notable practitioners.

Leading individuals

José Manuel Cuenca - Clifford Chance

Yolanda Azanza - Clifford Chance

Next generation lawyers

Laura Fernández - Clifford Chance

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Spain: Industry focus

Healthcare and life sciences
Industry focus: Healthcare and life sciences - ranked: tier 1

Clifford Chance

Clifford Chance is, according to one client, ‘among the best firms to work with’ due to its in-depth understanding of industry developments. Group head Miquel Montañá is well regarded in the industry and is noted for his ‘knowledge of complex subject matters and ability to retain excellent experts and extract the most relevant arguments’ with respect to patent litigation. On the competition side, the firm recently advised Pfizer on Spanish merger control proceedings regarding its $1bn sale of Hospira Infusion Systems to ICU Medical.

Leading individuals

Miquel Montañá - Clifford Chance

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TMT
Industry focus: TMT - ranked: tier 2

Clifford Chance

Clifford Chance is particularly active in disputes in the space, market concentration and financing transactions. Highlights included representing Oracle in a Supreme Court abuse of dominance case. Juan José Lavilla, who provides ‘quick responses and thorough knowledge’, leads the team, which includes managing partner and corporate expert Jaime Velázquez.

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Spain: Intellectual property

Copyright
Intellectual property: Copyright - ranked: tier 1

Clifford Chance

Clifford Chance’s team has extensive expertise acting for clients in enforcing IP rights under copyright legislation. The ‘impressive’ Miquel Montañá, who heads the practice, led advice to Banco Santander on multiple project finance operations for the production of several films and television series with an approximate value totalling €20m. Other work included successfully representing Ciber, as the respondent, in a dispute pertaining to the client’s implementation of enterprise resources planning software. Recently appointed partner Josep Montefusco and senior associate Juan Cuerva de Cañas are also noted.

Leading individuals

Miquel Montañá - Clifford Chance

Next generation lawyers

Josep Montefusco - Clifford Chance

Juan Cuerva de Cañas - Clifford Chance

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Patents
Intellectual property: Patents - ranked: tier 1

Clifford Chance

Clifford Chance’s ‘excellent’ team has ‘extensive industry knowledge’ and provides ‘very quick responses, appropriate advice and reasonable value for money’. The team represents Janssen Pharmaceutica in nullity proceedings initiated by Gadea Biopharma relating to the client’s product Xeplion and is also acting for the client in proceedings challenging the Spanish Patents and Trademarks Office’s decision to grant a supplementary protection certificate for a separate product. The ‘reputable’ Miquel Montañá has ‘a savvy’ approach and Josep Montefusco was recently promoted to the partnership.

Leading individuals

Miquel Montañá - Clifford Chance

Next generation lawyers

Josep Montesfusco - Clifford Chance

Rais Amils - Clifford Chance

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Trade marks
Intellectual property: Trade marks - ranked: tier 3

Clifford Chance

Clifford Chance’s practice has experience acting for major players in enforcing trade mark rights. Miquel Montañá leads the team ably aided by Josep Montefusco. Samsung, Philip Morris International, Honda Motor and Agrolimen are among its clients.

Leading individuals

Miquel Montañá - Clifford Chance

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Further information on Clifford Chance

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London

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Clifford Chance

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