Ramón y Cajal Abogados > Madrid, Spain > Firm Profile

Ramón y Cajal Abogados
28010 MADRID

Spain > Capital markets: Debt Tier 2

The ‘client-focused and efficient' debt capital markets practice at Ramón y Cajal Abogados is especially well versed in representing issuers, and the team has a strong client base of IBEX 35-listed companies. Its work often has a cross-border element, and the department also has experience in securitisations and acting for banks as underwriters. Andrés Más and Carlos Lao lead the team, with support from senior associates Lucía García Clavería and Miguel Sánchez.

Practice head(s):

Andrés Mas; Carlos Lao

Other key lawyers:


‘Very client-focused and efficient.’

‘Carlos Lao García is a very distinguished lawyer who has deep market-knowledge.’

‘The RyC Capital Markets team has ample experience in this matter and has members who know from within the operation of the CNMC itself, which is very beneficial in order to adapt specific advice with a forward-looking perspective in order to mitigate the possible risks that may arise later. In addition, the RyC team carries out didactic work in exposing complex matters that can be difficult to understand for lawyers who do not have the necessary expertise in this specialty.’

‘Carlos Lao and Alfonso Cárcamo have guaranteed the level of excellence of the advisory services provided during the last year at all times. They have been able to perfectly understand the needs of our internal client and adapt the advice, so I would highlight their proximity and ability to carry out the analysis of the specific case from the business perspective.’

‘The lawyers who assist us are the greatest plus and the reason that undoubtedly keeps us at Ramón y Cajal’s office, and their qualities are determined by punctuality and precision in deadlines, knowledge of legal regulations, involvement and breakdown of our entity and basically the cordial and affable treatment, which is always reflected in a high quality report. I want to highlight Miguel Sánchez and Andrés Mas.’

Key clients

Inmobiliaria Colonial

Canadian Solar

Atlantica Sustainable Infrastructure

Grenergy Renovables






Banco Caminos

Unión Financiera Asturiana

Banco de Sabadell


Work highlights

  • Acting for Inmobiliaria Colonial in a note tender offer of €375.1m and a subsequent €500m offering of bonds issued under its €5bn EMTN programme.
  • Advised the issuers Banco Caminos and Bancofar on a double €200m and €150m issuance of covered bonds, respectively, under its covered bond programme.
  • Acted for Atlantica Sustainable Infrastructure as purchasers of €290m green senior secured notes issued by Atlantica Yield.

Spain > Capital markets: Equity Tier 2

Andrés Más heads the capital markets practice at Ramón y Cajal Abogados, drawing on his experience advising on multiple national and cross-border transactions, including IPOs, equity offerings on regulated and non-regulated markets, and M&A. The team is particularly active in the real estate, energy and finance sectors, and alongside Más, senior associates Miguel Sánchez and Lucía García Clavería are heavily involved in equity capital markets matters.

Practice head(s):

Andrés Mas

Other key lawyers:

Carlos Lao; Miguel Sánchez; Lucía García


‘It is a proactive team that always seeks different creative solutions to legal issues that arise in operations.’

‘Involvement in operations. Knowledge. Endeavor to find solutions. Quick response.’

Key clients

Inmobiliaria Colonial


Spanish Resolution Agency or Authority (FROB)

Grenergy Renovables

Atom Hoteles

Fomento de Construcciones y Contratas

Ayco Grupo Inmobiliario



Work highlights

  • Advised the FROB, as the main shareholder of Bankia, in its merger with CaixaBank.
  • Acted for Inmobiliaria Colonial in its acquisition of a 13% stake of Société Foncière Lyonnaise from Predica, and in the subsequent launch of a takeover bid for 100% of SFL share capital.
  • Advised Biosearch Life on the €127m takeover bid for all its shares by Kerry Group.

Spain > Data privacy and data protection Tier 2

The TMT department at Ramón y Cajal Abogados assists major multinationals and financial institutions involved in a diverse range of data protection and data privacy matters. These include electronic signatures, cloud computing, project outsourcing, IT contracts, GDPR compliance programmes, cookies implementation programmes and mobility start-ups. The team is led by Norman Heckh, a specialist in data protection, and is backed by senior associates María Luisa González and Antonio Borjas. The group’s client base spans the automotive, real estate, energy, transport, TMT and infrastructure sectors, and features household name companies, including WarnerMedia, Ericsson and BMW.

Practice head(s):

Key clients






Sonae Sierra

The Spanish Agency for Cooperation and Development (AECID)

The Madrid Public Transport Corporation (EMT)


Iberia Express

General Optica






Siemens Healthcare




Work highlights

  • Advising WarnerMedia on privacy and health and safety matters related to Covid-19 protective measures in the various productions of TV shows and movies around Spain.
  • Advising the Spanish Agency for Cooperation and Development (AECD) on a data protection audit and implementation project for the update and improvement of its GDPR compliance programme.
  • Supporting Repsol in a large and complex cookies implementation project for its entire group.

Spain > Industry focus: TMT Tier 2

The ‘responsive, commercial and super pragmatic’ TMT practice at Ramón y Cajal Abogados has a good reputation across a wide variety of IT matters, being particularly active in privacy and gaming as well as IT agreements and e-commerce. Praised for always delivering ‘on-point advice’, the department is jointly led by Antonio de Mariano and Norman Heckh, who is at the forefront of ‘technology and data privacy developments in Europe’. Senior associate María Luisa González and Antonio Borjas provide key support.


‘Great expertise which they also can explain in layman’s terms. Also very good in negotiating with counterparties to get to a common ground. Good communicators both ways.’

‘Norman Heckh is are very hands on, available and has great expertise in the matters that are important to us. Very good in communicating with us as client as well as our business partners to find a great solution for everybody.’

‘Excellent team. Good attention.’

‘The TMT team is responsive, commercial and super pragmatic in its approach to the advice they provide to us and our clients. They have an excellent insight into the priorities and challenges that clients face when trying to address the fast developing and often conflicting technology and data privacy legal developments and how those issues can be addressed in a sensible and practical way.’

‘Norman Heckh is a fantastic lawyer who has an excellent understanding of the difficulties our clients face with respect to the constantly emerging and contrasting technology and data privacy developments in Europe. He is very responsive, commercial and pragmatic in his advice which is impressive given the laws in this area (particularly in Spain) are often very legal, theoretical and not easy to grapple with from a business point of view.’

‘The team has a broad knowledge and is very competent and friendly. They are our go-to law firm in Spain as they always deliver on-point advice. Unlike other firms, we do not have to chase them and we always receive the required advice on time.’

‘Norman Heckh has a very broad knowledge in his field of work and is always keeping up to date – not only regarding developments in Spain, but also in other jurisdictions. We have had profound discussions about how to interpret the law and this has always broadened my horizon. Norman delivers quality work on time and we would never use any other Spanish lawyer. In addition to his legal skills, Norman’s German skills are outstanding and German clients appreciate this “extra value skill” a lot.’

‘The performance of the team was very good! I believe they have a good overal understanding of how technology works, making the topics more easy to deal with.’

Key clients




Deutsche Telekom

MAN Diesel






Sonae Sierra

Celering Smart Mobility Services




Net Entertainment

Applause Software

Network Steel Resources

Iberia Express


Springer Sport Spain (Bet3000)

Optima Information Services


Hard Rock


Renata Franca Group

Work highlights

  • Advising the digital legal area of Repsol on all intellectual and industrial property, IT and digital law matters.
  • Advising Evolution on the setup of live stream studio for the broadcast of games in Madrid; its operation in a joint venture in with Spanish operator; and a gambling platform integration.
  • Avising BMW on the implementation of various tools and apps for users and car distributors and reviewing all related IT agreements.

Spain > Public law Tier 2

Clients of Ramón y Cajal Abogados‘ public law practice highlight its ‘exceptional knowledge, not only from the client’s point of view but also of the administration‘, which allows them to ‘anticipate problems‘, and to be able to offer ‘rigorous, effective and satisfactory solutions‘. The solid team comprised of Pablo SilvánJosé Ignacio Vega and Carlos Melón has a good track record handling contentious work across a wide range of regulated sectors, as well as a high level of expertise advising on government contracts, particularly concessions and PPP schemes and regulatory mandates.

Practice head(s):

Other key lawyers:

José Ignacio Vega; Carlos Melón; Pablo Fuentes; Manuel Muñoz


‘It is an office that is involved in matters, they work with agility and knowledge of the entrusted matters, apart from having great availability and agility.’

‘In my view, the team stands out for its knowledge of the entrusted matters, their involvement in them and the ability to work together with the internal attorney. Specifically, Carlos Melón and Pablo Fuentes.’

‘Technical solvency of the partners responsible for the practice and specialization in litigation against the public sector, as they proceed from its elite Legal Bodies. Also the size of the Firm, entails a very direct deal with the Client. The price-quality ratio is also optimal.’

‘Professionals highly specialized in their subjects and on many occasions, elite professionals on leave of absence.’

‘RyC’s public team has exceptional knowledge, not only from the client’s point of view but also from the Administration, in which a large part of its partners have provided services, which makes them anticipate problems and offer rigorous solutions, effective and satisfactory.’

‘Carlos Melón and Manuel Muñoz are always on the client’s side, providing innovative, effective, proactive solutions and with a legal rigor that brings peace of mind to the client. Its multidisciplinary vision and global approach make its clients always feel in good hands.’

‘The teams of this firm are of very high professional quality and perfectly coordinated.’

‘The level of quality of their services and their professionals is very high and that is what makes them stand out from other competitors in their environment.’

Key clients

FCC Medio Ambiente, FCC Aqualia and FCC Construcción (FCC Group)

ArcelorMittal España

Iridium Concesiones de Infraestructuras (ACS Group)

Madrid Calle 30


Grupo Azvi

Mémora Servicios Funerarios

Canal de Isabel II

Hotel Business Association of Madrid

Almería Gypsum and Pladur Gypsum (ETEX Group)

Consenur and Ectec (Stericycle Group)

Work highlights

  • Advised Canal Gestión Lanzarote on different legal proceedings regarding Lanzarote’s integral water cycle services concession.
  • Represented Almería Gypsum on different legal proceedings regarding the lack of renovation of gypsum quarries mining concessions in the province of Almería.
  • Defended FCC Construcción against a joint venture led by Obrascón Huarte Laín (OHL) in connection with the awarding of a public works contract for the construction of a new highway in Tenerife.

Spain > Commercial, corporate and M&A Tier 3

At Ramón y Cajal Abogados, the team demonstrates a tenacity for private M&A, company law, commercial contracts, corporate governance and group reorganisations. The practice, which is especially knowledgeable of the finance, energy, property, infrastructure, TMT, IT and gaming sectors, is jointly led by Miguel García Stuyck, Alberto Alonso Ureba and Alvaro Bertrán. The team is frequently active on multi-jurisdictional deals, and is home to a number of lawyers with experience at international firms.

Practice head(s):

Miguel García Stuyck; Alberto Alonso Ureba; Álvaro Bertrán

Other key lawyers:

Alfonso Cárcamo; José Blanco; Antonio de Mariano


‘Consolidated and cohesive team. It allows agility and speed in the management of the issues.’

‘Closeness to the client. Tailor-made advice.’

‘Great experience of all members both in general and specific areas of each one of them. Proactivity and anticipation to manage the process. Availability and agility in responding to all requirements.’

‘All the people who participated in the process demonstrated great professionalism and deep knowledge of the subject. The leadership and coordination of Alberto Alonso Ureba was very effective. At all times I had the peace of mind of being advised by great professionals with total confidence in their recommendations.’

‘The team at Ramón y Cajal is excellent. Their availability, speed of response and quality of their documents are very good.’

Key clients

FROB (National Resolution Agency or Authority)


Royo Group




Carmila España

Editorial Ecoprensa

Repsol Group


Solaer Holding


Healthy Poke



QEnergy (Qualitas)

Spotlight Sports Group




Work highlights

  • Advised Bankinter and the purchaser (an SPV) on the acquisition of Montepino Logística and, indirectly, of 18 top logistics assets in Spain.
  • Acted as legal advisors to FROB, as the main shareholder of Bankia in its merger with CaixaBank.
  • Legal advisors to Liberbank on its merger with Unicaja.

Spain > Dispute resolution Tier 3

The ‘coordinated‘ and ‘collaborative‘ dispute resolution team at Ramón y Cajal Abogados is noted for its ‘prompt attention‘ and ‘optimal knowledge‘. The team is perhaps best known for its vast experience in financial services-sector litigation, where it is a popular choice for major banks in Spain, but the department also balances a varied practice and counts real estate, retail and energy-sector companies among its clients. Arbitration is also a core part of the practice, with Fernando Manzanedo and Fernando Tallón key contacts in this space. Pro bono work is another area of focus for the disputes team, which has recently acted in cases concerning Covid-19, urban leases and immigration. Experienced partners Ramón Fernández-Aceytuno and Luis Briones lead the sizeable dispute resolution team, in which Carmen Fernández-Hontoria and Luis Carnicero are also key practitioners.

Practice head(s):

Ramón Fernández-Aceytuno; Luis Briones

Other key lawyers:

Fernando Manzanedo; Luis Carnicero; Carmen Fernández-Hontoria; Manuel Muñoz; Ana Fernández; Pedro Soriano; Damián Gaubeka; Jaime Guerra; Fernando Tallón; Rafael Marco; Cristina Grau; Eduardo Reigadas; Victor Rodríguez de Vera


‘RYC lawyers know the practice, are up-to-date and also know the operation of their client, which is often vital for a good defense.’

‘Ramón Fernández-Aceytuno and Carmen Fernández Hontoria are experienced professionals who keep up-to-date and work hard.’

‘Coordinated team, which is important in procedural practice, quick to respond, collaborative and eager. I’d highlight Ramon Fernandez-Aceytuno, Carmen Fernandez Hontoria and Luis Carnicero.’

‘Permanent availability. Prompt attention to information requirements. Optimal knowledge and experience of the subject matter of the contracted services.’

‘Closeness, simplicity, trust. In particular Ana Fernandez and Fernando Manzanedo. Total flexibility to the demands and requirements that we formulate.’

‘I would like to acknowledge the work of two partners, specifically Luis Carnicero and Carmen Fernández-Hontoria. Both show an exceptional involvement with the client in the sense of dedicating the hours and own resources that are necessary to solve the problems that have been presented to us and that have required urgency. Likewise, both are very agile when it comes to proposing efficient solutions that allow solving problems.’

‘Of the Litigation and arbitration team of Ramón y Cajal, I would highlight their excellent availability to comment on each of the links in the procedure and the strategies to be followed. Likewise, also highlight the communication at all times about the status of the procedure, the detailed study of the issues and the quality of the writings.’

‘I would highlight Fernando Manzanedo, for his availability, in-depth knowledge of the issues, and good judgement in the conduct of the procedures. I’d also highlight the work of Fernando Tallón and Victor Rodríguez de Vera for their study and knowledge of the issues and excellent work in their preparation and coordination.’

Key clients

Banco Santander


Unicaja Banco

Compañía De Distribución Integral Logista (“Logista”)



Carmila España

Sonae Sierra




Grupo Gallardo Balboa

Grupo Ortiz

Sonae Sierra



Work highlights

  • Assuming the defence of Banco Santander in judicial proceedings.
  • Representing Bankia in proceedings before the European Court.
  • Advised Unicaja Banco in many new judicial matters of different types.

Spain > EU and competition Tier 3

A ‘reference in competition matters’, Ramón y Cajal Abogados keeps strengthening its position as a relevant player in the sector, regularly undertaking ‘matters of great complexity’ for clients from the financial services, real estate, retail and telecoms sectors. Headed by Pedro Suarez, the practice has built up a solid track record handling damages litigation - particularly on the claimant side - and in representing clients in both administrative infringement proceedings before the CNMC and the judicial review of its decisions. Merger control is another key strength. Additional expertise is brought to the team by senior associates Javier Salinas and Pablo González De Zárate.

Practice head(s):

Other key lawyers:


‘They are a reference in competition matters. They take on topics of great complexity.’

‘Soundness in competition matters and in bidding processes for listed companies. Extensive knowledge of the role and internal functioning of the CNMV. Absolute availability.’

‘Ramon y Cajal has a deep knowledge of the area of Competition and EU Law. In addition, it is a proactive firm, which anticipates the needs of the client and offers different practical solutions to each question that arises. It adapts to customer needs and is flexible.’

‘I highlight Pedro Suarez and Javier Perez Fernandez. They are very empathetic, and they respond very quickly to any question that is made to them. They demonstrate a very deep knowledge of the area of competition and EU law, a matter that they explain to the client very clearly.’

‘Apart from the high technical qualification, the lawyers who have worked with us have always shown great availability and a quick response, as well as a friendly attitude and active listening. It is not a team that tries to impose its criteria, but rather that accompanies the client in making decisions. Javier Salinas and Pedro Suarez’.

‘In our experience, the work and follow-up of files by the Ramon y Cajal team have been excellent and with a very positive or magnificent final result. We are very satisfied with the results obtained.’

‘The team of Pedro Suárez and with Pablo González de Zárate and collaborators have advised us and managed a file on Competition Law with success and we must highlight the perfect and constant information that they have provided us at all times in the treatment and follow-up of this file. In other aspects, all the partners and collaborators of this Ramon y Cajal firm are close people and professionals who are very knowledgeable about their specialties.’

‘Pablo González de Zaráte had a very thorough analysis of our case, fully grasping the economics of the business model and translating it perfectly into legal framework. Also very responsive and cleverly challenging our own assumptions. Bespoke advice and careful when needed.’

Key clients






















Work highlights

  • Assisting ATRESMEDIA in several appeals related to the infringement proceedings carried out by the CNMC.
  • Advised LIBERBANK on the competition law aspects of its merger with UNICAJA.
  • Representing CEPSA in all the follow-on damages claims arising from several infringement decisions of the CNMC.

Spain > Industry focus: Healthcare and life sciences Tier 3

Public law expert José Ignacio Vega, who can also draw on his years of experience working with various government ministries, steers the practice at Ramón y Cajal Abogados, which handles regulatory, corporate and commercial matters arising in the life sciences and pharmaceutical industries, as well as data protection mandates.

Practice head(s):

José Ignacio Vega; Norman Heckh

Key clients

PersonalHealthcareNational Association (ANEFP)

Spanish Generic Medicines National Association (AESEG)

Kern Pharma


AENE (Asociación Española Nutrición Enteral)

Doc Farma SA

Siemens Healthcare



FarmaMar SA


Sociedad Española de Cirigía Plástica, Reparadora y Estética (SECPRE)

Work highlights

  • Representing Sanofi in a contentious-administrative procedure before the Supreme Court to challenge regional regulations governing dietary provisions in the National Health System.
  • Representing AENE in a contentious-administrative procedure before the Supreme Court to challenge regional regulations governing dietary provisions in the National Health System.
  • Advising the Spanish Generic Medicines Association (AESEG) on all types of pharmaceutical matters.

Spain > Banking and finance Tier 4

Ramón y Cajal Abogados assists its clients with complex financial transactions, including syndicated bank finance, restructuring and refinancing, project and asset financing, and in regulation governing the financial markets. Five partners coordinate the group: Javier Menchén and Amado Giménez Bono, who have extensive experience in syndicated and corporate finance operations; Cristina Vidal, a government lawyer on leave who also has in-house experience at Barclays; Alfonso Cárcamo, who also has government-side experience; and Alfonso Fernández-Miranda, a regulatory expert. Senior associate Diego Gabaraín supports across all matters.

Practice head(s):

Javier Menchén; Amado Giménez Bono; Cristina Vidal; Alfonso Fernández-Miranda; Alfonso Cárcamo

Other key lawyers:

Cándido Pérez; Diego Gabaraín


‘The unconditional availability and quality of their work.’

‘Cristina Vidal – outstanding in her legal advice and her ability to manage the very complex matters of the company.’

‘Alfonso Cárcamo – excellent in his legal advice both for his technical knowledge and the deep legal sense of his opinions.’

‘Ramon y Cajal’s finance team is relatively small, compared to other firms, which allows it to be closer to its clients and to understand their idiosyncrasies and needs.’

‘The RyC team stands out for its agility, flexibility and ability to resolve questions efficiently and in a personalised way.’

‘The team works with agility, flexibility and ability to solve questions efficiently and personalised.’

‘Great experience in this practice. Availability. Quick and efficient solutions before urgent needs.’

Key clients



Banco Sabadell



Grupo Tinojai

Gocco Confecciones

Grupo López Soriano

Work highlights

  • Advised Abengoa on the restructuring of its trade debt with certain trade suppliers.
  • Advised Bankinter Investment on the refinancing of the acquisition of the Montepino logistics group for €470m.
  • Acted for Invenergy and BW Energy in the $128.3m financing by the Interamerican Development Bank for the acquisition, conversion, commissioning and operation of a Floating Storage Regasification Unit in El Salvador.

Spain > Environment Tier 4

The multidisciplinary team at Ramón y Cajal Abogados combines its expertise in environment, public, administrative, real estate and urban planning law to advise new and longstanding clients in the energy, infrastructure and real estate sectors, among others. Both contentious and non-contentious matters feature in the department’s workload, with seasoned litigation and environmental law expert Joaquín García Bernaldo de Quirós often taking a lead role on the practice’s key mandates. Criminal law partner Enrique Molina and public law and regulated sectors specialist Federico Lara are also key contacts.

Practice head(s):

Joaquín García Bernaldo de Quirós; Enrique Molina

Other key lawyers:

Federico Lara; Pablo Silván; Carlos Melón; Jorge Crespo; Raquel Enciso; Inmaculada Labrador; Patricia Porras; Ester Martín


‘Wisdom and good work in the interpretation and application of legal regulations.’

‘Joaquín García Bernaldo de Quirós is a wise person, with a legal training superior to any other specialist that I have known.’

‘The experience has been 100% satisfactory, the comparisons have always been in favor of this team’

‘I’d highlight Federico Lara.’

‘Excellent knowledge of the local industry’s environment and public bodies key persons and strategy. Exceptional knowledge of the legal and regulatory framework.’

‘Federico Lara and his team members are simply exceptional.’

‘The main asset, in addition to quality legal technical knowledge, is the preferential treatment that is felt. This proximity is not always found and in our opinion it is an asset.’

‘Exceptional wisdom and knowledge of Joaquín García Bernaldo de Quirós.’

Key clients













Work highlights

  • Advised the Public Administration of Mojacár on the project to build a promenade.
  • Assisted Iberdrola Inmobiliaria on an appeal before the Spanish Supreme Court against a court sentence regarding the annulment of the urban plan modifications of the towns of Lorca and Águilas.
  • Advised Grupo Almanzora Bay, providing a legal report on the need to submit Almeria’s urbanism plan, to a strategic environmental assessment.

Spain > Projects and energy Tier 4

Applauded for its ‘extensive knowledge of the sector’, the energy practice at Ramón y Cajal Abogados also stands out for its level of ‘personal attention and quality of the work’. Known for its expertise in regulatory matters and M&A, as well as project finance, the department is fronted by finance expert Javier Menchén; Antonio de Mariano, who has an ‘encyclopaedic knowledge of the law’; and skilled litigator Pablo Silván.

Other key lawyers:

Javier Beltrán


‘They have a very extensive knowledge of the sector, multidisciplinary in nature and have direct personalized attention. Ramón y Cajal clearly differs from others due to the personal treatment, the quality of their work, the immediacy of the service and the very competitive prices they offer.’

‘Antonio de Mariano has an almost encyclopaedic knowledge of law, not only related to energy, but practically any area that affects energy (commercial, civil, regulatory, real estate, etc.), as well as the energy sector, no only at a legal level, but also commercially.’

‘Ramón y Cajal’s project and energy team is excellent. Their availability, speed of response and quality of their documents are very good.’

‘Antonio de Mariano leading the team and Javier Beltrán as a prominent member provide excellent service, quickly and reliably attending to any need we have. They also provide a commercial sensitivity that we highly value, being very focused on anticipating our needs and providing us with high added value.’

‘Knowledge of the electrical energy production sector in Spain. Intervention in M&A operations.’

‘Knowledge of the subject. Tough negotiators.’

Key clients

Arena Green Power


Hanwha Q Cells GmbH

Kobus Partners


Aldro Generación

Ric Sun Group

Solaer Holding

EDP Renovables España

Naturgy Renovables


Asturmadi Reneergy

Arcelormittal España


Redexis Gas

Etex Group

Suez Spain


Work highlights

  • Advised Arena Green Power on the sale of 519MW photovoltaic projects to Enel Green Power.
  • Advising on the restructuring of the trade debt entered into by Abengoa Group.
  • Advised Invenergy and BW Energy (as sponsors) in connection with the $128.3m financing for the acquisition, conversion, commissioning and operation of a Floating Storage Regasification Unit in El Salvador.

Spain > Real estate and construction Tier 4

The experienced real estate team at Ramón y Cajal Abogados coordinates its offices in Madrid and Barcelona to assist a range of national and international listed and non-listed companies, investment funds, developers and individuals on high-end, multi-jurisdictional deals. The department’s broad practice sees it advising on sales and leasebacks, construction agreements, service provision agreements, bridge financing and due diligence reports, among other areas. Key support is provided by urban planning expert Francisco Bengoetxea. In a significant move, former practice head Roberto Tojo Thomas de Carranza and a team of associates left the firm in February 2022.

Other key lawyers:


‘It is a very business-oriented practice with a very high degree of legal knowledge. Team always available and with a very fast response capacity.’

‘Dedication, knowledge and communication.’

‘The Ramón y Cajal team is very close and always accessible to clients; anytime, any day, when the need arises. Francisco Bengoetxea, as well as the rest of his team, are dedicated to meeting our needs. His advice, his rigor and thoroughness in the due diligence gives us a lot of confidence when closing operations.’

Key clients

Flamingo Directorship

Sofila Investements 2018 (Subsidiary of Blackstone’s residential assets)

Tamu Investements 2018 (Subsidiary of Blackstone’s offices assets)

Logicor (Subsidiary of Blackstone’s logistic assets)

Benson Elliot Capital Management

Inmobiliaria Colonial SOCIMI

Hadley (TPG fund in Spain)

P3 Logistics Parks

Lar España Real Estate SOCIMI

Ares Management Limited

El Corte Inglés

Bankinter Investment

Dominion Global


Testa Residencial SOCIMI

Real Estate Venture Capital Management LLP (REVCAP)

UK & European Investments Limited

NTT Data Centers


HM Hospitales

Aedas Homes

Monthisa Inmobiliaria

Neinor Homes

Altamira Santander Real Estate

Iberdrola Inmobiliaria

Pestana Hotel Group


Renta Corporación

Stoneshield Investments

Mapfre Inmuebles

Work highlights

  • Advised on the acquisition by Bankinter and Bankinter’s private banking and institutional clients of 100% of the share capital of Montepino Logística, a company that owns several “Propcos” owning eighteen logistics assets in Spain.
  • Provided legal advice on the sale to a vehicle company managed by IBA Capital of three office buildings located in Barcelona, as well as advice on the release of the existing financing with respect to such properties.
  • Provided advice to Inmobiliaria Colonial Socimi on the sale to different companies of the Prologis Group of a logistic portfolio in Spain made up of twelve logistic premises.

Spain > Restructuring and insolvency Tier 4

Ramón y Cajal Abogados' team is regularly instructed on restructuring and debt refinancing, creditors’ rights and board liability issues. On the restructuring side, Javier Menchén is the primary contact and has broad finance law experience. He co-leads the wider practice with insolvency-focused partner Ramón Fernández-Aceytuno, who manages bankruptcy proceedings for the bankrupt company itself, as well defending the interests of significant creditors.

Practice head(s):

Javier Menchén; Ramón Fernández-Aceytuno

Other key lawyers:

Amado Giménez; Carmen Fernández-Hontoria


‘Much involvement and closeness.’

‘They are involved at the business level, beyond the mere work of an advisor.’

‘The great advantage of Ramón y Cajal lies in the knowledge they have of both the sector and the market, which allows them to provide a service highly oriented to the operational needs of their clients. They fully understand the business of merchandising and the regulatory risks associated with its development.’

‘The personal relationship of partners with clients. They are business advisers. They understand the macro risks of the sector and the micro risks of the company.’

Key clients



José Sánchez Peñate SA


Ortiz Construcciones Y Proyectos

Banco Santander



EDP España


Work highlights

  • Advising Abengoa on its bankruptcy and the restructuring of its trade debt.  
  • Assisting Jose Sanchez Peñate SA with the declaration of its insolvency and the initiation of refinancing negotiations.
  • Advising Bankinter Investment on the refinancing of the acquisition of the Montepino logistics group for €470m.

Spain > Tax Tier 6

The firm: Founded in 1986 and focused on the financial and business world, Ramón y Cajal has established itself as one of the top Spanish law firms on the basis of the solid legal background of its members, the full commitment to efficiency and quality and the personal involvement of the partners in the client dealings. Its size enables the firm to take advantage of multidisciplinary capacities and synergies and to successfully conclude matters of significant complexity and scope.

Ramón y Cajal has built a valuable clientele, comprising many of the largest listed Spanish companies in terms of capitalisation. As some of these companies have a noteworthy international presence and regularly handle cross-border transactions, the firm is involved in relevant capital markets and corporate transactions every year.

With more than 120 lawyers, Ramón y Cajal Abogados is well placed to advise on complex transactions across a full range of legal disciplines.

Areas of practice: Services provided include capital markets, corporate and M&A, commercial, competition, litigation and arbitration, banking, restructuring and insolvency, regulatory, construction, projects finance, planning and real estate, employment, IP/IT and tax advice.

Banking and finance Javier Menchén
Banking and finance Amado Giménez
Capital markets Francisco Palá
Capital markets Andrés Más
Capital markets Carlos Lao
Project finance Javier Menchén
Project finance Amado Giménez
Corporate and M&A Alberto Alonso Ureba
Corporate and M&A Iñigo Dago
Corporate and M&A Álvaro Bertrán
EU and competition Pedro Suárez
Litigation and arbitration Pedro Ramón y Cajal
Litigation and arbitration Ramón Fernández-Aceytuno
Litigation and arbitration Rafael Mateu
Litigation and arbitration Luis Briones
Restructuring and insolvency Ramón Fernández-Aceytuno
Restructuring and insolvency Javier Menchén
Criminal Enrique Molina
Criminal Javier Gómez-Bermúdez
Tax Andrés Jiménez
Tax Luis Rodríguez-Ramos
Real estate and urban planning Francisco Bengoetxea
Real estate and urban planning Roberto Tojo
Employment Xavier Pallarés
Government and regulated sectors José Ignacio Vega
Government and regulated sectors Pablo Silván
Government and regulated sectors Joaquín García Bernaldo de Quirós
Information technology Norman Heckh
Covadonga Acebal photo Covadonga AcebalSenior Associate.
María Ángeles Alcalá photo María Ángeles AlcaláOf Counsel.
Mar Alcaraz photo Mar AlcarazSenior Associate.
Javier Beltrán photoMr Javier BeltránPartner.
Francisco Bengoetxea photoMr Francisco BengoetxeaPartner.
Alvaro Bertrán photoMr Alvaro BertránPartner.
Luis Briones photoMr Luis BrionesPartner.
Álvaro Bueno photo Álvaro BuenoOf Counsel.
Alfonso Cárcamo photoMr Alfonso CárcamoPartner
Luis Carnicero photoMr Luis CarniceroPartner.
Coral Castañé photo Coral CastañéOf counsel.
Patricia Fernández photo Patricia FernándezOf Counsel.
Leticia Fernández photo Leticia FernándezSenior Associate.
Ana Fernández photo Ana FernándezPartner
Ramón Fernández-Aceytuno photoMr Ramón Fernández-AceytunoPartner.
Carmen Fernández-Hontoria photo Carmen Fernández-HontoriaPartner
Alfonso Fernández-Miranda photoMr Alfonso Fernández-MirandaPartner.
Miguel Ferre photo Miguel FerrePartner.
Diego Gabarain photo Diego GabarainSenior Associate.
Lucía García photo Lucía GarcíaPartner.
Joaquín García Bernaldo de Quirós photoMr Joaquín García Bernaldo de QuirósPartner
Miguel García Stuyck photoMr Miguel García StuyckPartner
Damián Gaubeka photoMr Damián GaubekaPartner
Amado Giménez photoMr Amado GiménezPartner
Javier Gómez Bermúdez photoMr Javier Gómez BermúdezPartner
María Luisa González photo María Luisa GonzálezSenior Associate.
Pablo González de Zárate photoMr Pablo González de ZárateSenior Associate
Santiago González-Enciso photo Santiago González-EncisoSenior Associate.
Cristina Grau photo Cristina GrauSenior Associate.
Jaime Guerra photoMr Jaime GuerraPartner.
Jaime Gutiérrez photo Jaime GutiérrezSenior Associate
Norman Heckh photoMr Norman HeckhPartner
Alberto Heras photoMr Alberto HerasPartner
Carlos Lao photoMr Carlos LaoPartner.
Federico Lara photoMr Federico LaraPartner.
Gonzalo Mairata photo Gonzalo MairataPartner.
Fernando Manzanedo photoMr Fernando ManzanedoPartner
Rafael Marco photo Rafael MarcoPartner.
Henar Mateos photo Henar MateosSenior Associate.
Rafael Mateu de Ros photoMr Rafael Mateu de RosPartner
Carlos Melón photoMr Carlos MelónPartner
Javier Menchén photoMr Javier MenchénPartner
Gonzalo Molina photo Gonzalo MolinaPartner.
Enrique Molina photoMr Enrique MolinaPartner.
Manuel Muñoz photoMr Manuel MuñozPartner.
Francisco Palá photoMr Francisco PaláManaging Partner.
Andrés Palmer photo Andrés PalmerSenior Associate.
Alberto París photo Alberto ParísAssociate.
Tomás Peña photo Tomás PeñaPartner.
Javier Pérez photoMr Javier PérezSenior Associate
Cándido Pérez photoMr Cándido PérezOf Counsel
Sofía Pérez photo Sofía PérezSenior Associate.
Rocío Pérez-Puig photo Rocío Pérez-PuigOf Counsel.
Glòria Raich de Castro photo Glòria Raich de CastroPartner.
Pedro Ramón y Cajal photoMr Pedro Ramón y CajalFounding partner and President of the Executive Committee.
Eduardo Reigadas photoMr Eduardo ReigadasSenior Associate
Gonzalo Rocafort photoMr Gonzalo RocafortPartner
Luis Rodriguez-Ramos photoMr Luis Rodriguez-RamosPartner.
Carmen Salar photo Carmen SalarSenior Associate.
Sebastián Sastre photo Sebastián SastreOf Counsel.
Pablo Silván photoMr Pablo SilvánPartner.
Pedro Soriano photoMr Pedro SorianoPartner
Pedro Suarez photoMr Pedro SuarezPartner
Fernando Tallón photoMs Fernando TallónPartner.
Elena Tarragona photo Elena TarragonaSenior Associate.
Jose Ignacio Vega photoMr Jose Ignacio VegaPartner.
Cristina Vidal photo Cristina VidalPartner
Antonio de Mariano photoMr Antonio de MarianoPatrner.
Number of lawyers : 120+
Contacts : Francisco Palá (managing partner)
Contacts : Norman Heckh (co-head of international)
Other offices : Barcelona