White & Case LLP > Madrid, Spain > Firm Profile

White & Case LLP
Pº de la Castellana, 7
28046 Madrid

Spain > Capital markets: Debt Tier 2

White & Case LLP‘s capital markets lawyers are best known for their cross-border expertise, handling a range of international debt transactions, as well as assisting with standalone domestic instructions. On the debt side, recent mandates have included senior notes issuances, green bonds and securitisations. Both partners in the team are dual qualified; practice head Juan Manuel de Remedios in Spain and the US; and the 'one of a kindYoko Takagi in Spain and England and Wales.

Practice head(s):

Juan Manuel de Remedios

Other key lawyers:


‘Dedication and hard work, attention to detail and love of excellence are the defining characteristics of the team.’

‘Yoko Takagi is a person in whom you know that you can leave an issue, she is responsible, technical and hard-working.’

‘I think they are dedicated, brilliant at executing short deadlines and knowledgeable in both international and domestic law. They are a very impressive firm with extremely good individuals. Their practice is very wide, having experience representing both issuers and financial institutions which provides them with a great insight. They work as a true one stop shop, they have real onsite English, Spanish and US capabilities. That you could only find it in Madrid if you work with White & Case.’

‘Yoko Takagi is definitely the lawyer you want on your side. She is super smart, bright, technical and practical. She is the one you need on complex deals. Also, she brings imaginative solutions, new perspectives. She has everything under control. She provides strategic advice as she knows the law inside and out as well as great knowledge of the market and our business. Great for project bonds in the infrastructure and energy world, great deal of experience in cross border transactions!’

‘Very strong team covering a wide range of products, corporate bond, regulatory capital, hybrid bonds, convertibles, a very powerful in project bonds. I am amazed by the capable proactive, reliable and efficient team. I think the key to the success is that the team is lead by Yoko Takagi, who is a smart, very hands on partner that always finds a satisfactory solution for all stakeholders, imaginative problem solver and capable of finding the best workable, technical and commercial solution. An invaluable asset to have in your team.’

‘Yoko Takagi is just one of a kind. She provides superb quality service and strategic service. She is the smartest at the table, unravels the complex, able to distil the most complex of issues into digestible and solvable solutions and is very commercial. She always has the clients interest at heart. She is calm and measured. We always come away feeling completely reassured. Also, extremely well respected and regarded by the market and for good reason.’

Key clients


Ai Candelaria

EIF Europena Investment Fund

Adler Perlzer Holding

Work highlights

  • Acted for Ecoener in the green project bond to refinance all its portfolio and future expansion.
  • Advised AI Candelaria on an offering of $600m in aggregate principal amount of its 5.750% senior secured notes due 2033 and a purchase of $375m in aggregate principal amount of its 7.500% senior secured notes due 2028 pursuant to a tender offer.
  • Assisted the European Investment Fund (EIF) with its synthetic securitisation transaction with Banco Santander relating to euro-denominated credit-linked notes on an upper mezzanine tranche of a loan portfolio.

Spain > Capital markets: Equity Tier 2

The key contacts at White & Case LLP for capital markets matters are Juan Manuel de Remedios and Yoko Takagi, who ‘have a very deep technical knowledge as a result of their great experience'. Cross-border transactions are a particular strength, aided by the dual qualified practice heads (de Remedios in the US and Spain; Takagi in England and Wales and Spain), and sector strengths include energy and infrastructure.

Practice head(s):

Juan Manuel de Remedios

Other key lawyers:


‘Law firm in which its members have excellent knowledge of the market and the legislation and with great prestige for their participation in multiple recent operations.’

‘Juan Manuel de Remedios and Yoko Takagi have a very deep technical knowledge as a result of their great experience in capital markets. They are directly involved in operations with an availability that is not common in prestigious firms.’

Spain > Commercial, corporate and M&A Tier 3

White & Case LLP has on-site Spanish and English law capabilities and is led by Juan Manuel de Remedios, a lawyer whose dual qualification in US and Spain makes him a go-to for transactions which involve the US market. He is supported by Carlos Daroca, a specialist in real estate-related M&A; Yoko Takagi, who ‘has an excellent technical grasp‘ of major transactions; and Julio Peralta, who is active across M&A, disposals, joint ventures and general corporate advisory mandates. The practice has handled a wealth of both public and private M&A transactions of late, though has been particularly busy in the renewables sector.

Practice head(s):

Juan Manuel de Remedios


‘White & Case LLP is one of the most respected international firms in the Spanish legal market. The firm’s Madrid office has an excellent M&A team and maintains a strong foothold in the Spanish top-tier deals with a strong transnational link.’

Carlos Daroca has an outstanding understanding of both the practice area and his clients’ business and can be strategic and tactical. On top of that, Carlos is an impressive M&A lawyer; he is smart and cuts through the peripheral issues to give clear and practical legal advice. I always enjoy working with him.’

‘Yoko Takagi has an excellent technical grasp and is always willing to go the extra mile for her clients. She is excellent — in addition to being very efficient, she is practical and has a calm approach to the business of lawyering which gives her an edge over her peers.’

‘Julio Peralta is a rising star in the Spanish corporate market who generates acclaim for his strong grasp of public and private company M&A and governance work. He is also very practical, has good judgement and stays calm under fire.’

‘White & Case stands out for the quality of the service and the excellent advice it offers. They achieve this because Carlos Daroca is fully involved in the matters and offers advice that is difficult to match by other firms.’

‘What makes the White & Case team stand out is Carlos Daroca, without a doubt. Qualities: excellent service, a lot of experience, great ability to solve problems, great negotiator, high technical quality, total involvement’

‘Basically, what makes it unique is the quality of service that White & Case offers along with excellent legal advice. Carlos Daroca is completely involved and thereby manages to provide a much better service than other firms with which I have worked.’

‘Carlos Daroca has extensive experience in M&A, fully understands legal and business issues and is capable of offering solutions to any problem that may arise. His ability to negotiate and unblock situations that seemed unsolvable stands out.’

Key clients

Arjun Infrastructure Partners

Tink S.A.

Panasonic Corporation

Espiga Equity Partners SGEIC, SA

WAG Payment Solutions

Societe des Produits Nestle


Goldman Sachs


CVC Capital Partners

JP Morgan

PQ Corporation


AMP Capital Investors Ltd.

IHS Holding Limited


Altor Fund V

The strawberry Group


TDR Capital


Work highlights

  • Represented Arjun Infrastructure Partners on its acquisition of 49% of CI III Monegros Energy Holdco, which is the owner of 12 onshore wind farms in Aragon.
  • Represented J.P. Morgan, financial advisor to the Board of Directors of ACS Actividades de Construcción y Servicios, in ACS’s $5.75bn (€4.9bn) sale of its energy business to Vinci.
  • Represented ABB in the acquisition of the Spanish company ASTI Mobile Robotics Group.

Spain > Banking and finance Tier 4

White & Case LLP fields a debt financing team from its Madrid office, formed in 2019 after the incorporation of practice head Fernando Navarro. It supports clients through the full life-cycle of financing matters and has fully integrated Spanish, UK and US law capabilities, as well as the support of the firm’s international network. Though the team has experience acting for traditional lenders, its 2021 slate saw an increase in private equity sponsor/borrower financing. Navarro has a strong relationship with several Spanish banks and funds, while counsel Julio Peralta and senior associate Alfonso García provide key support. Since publication, Jaime Rossi joined the firm.

Practice head(s):

Fernando Navarro


‘Two notable aspects are the truly global nature of the firm, which has lawyers of great caliber and international experience in a wide network of offices, most of which, as in Madrid, can carry out operations not only in local law, but also in English and New York law, and the relationship partner, which is important to us, since it acts as a point of contact for all the offices of the firm, which simplifies our relationship very much. The work is much more efficient. Fernando Navarro is our relationship partner in Spain.’

‘I’d highlight Fernando Navarro as a relationship partner and Alfonso Garcia as a very outstanding associate.’

Key clients

Banco Santander


Bank of America Merrill Lynch


The Bank of Nova Scotia (Scotiabank)

Babcock Mission Critical Services

Ceskoslovenska Obchodni Banka

Credit Suisse International

Compania Espanola de Seguros de Credito a la Exportacion

Work highlights

  • Advised Banco Santander as the lenders in a €225m issue of Nordic bonds by Global Agrajes.
  • Advised Swissport on its €300m restructuring and €500m recapitalisation.
  • Advised doValue on a €265m senior secured notes issuance for the pre-payment in full of the outstanding senior secured bridge facility loan.

Spain > Dispute resolution

White & Case is an international law firm that serves companies, governments and financial institutions. Our long history as a global firm means we are uniquely placed to help our clients resolve their most complex legal challenges wherever they are.

Learn about the breadth of our industry experience

Explore how we deliver results for our clients

Discover where we work with our clients globally