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CMS Albiñana y Suárez de Lezo

Work +34 91 451 93 00
Fax +34 91 442 60 45
Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing and 68 more

Carlos Peña

Work +34 91 451 93 00


Partner responsible for the area of securities markets law in the Commercial Law Department of our firm. Contract law, corporate law, financing, mergers and acquisitions, entertainment and sports law.


Member of the Madrid Bar Association since 1987. Joined our firm in 1987.


Spanish , English , French.


B.A. and Master’s degree in Law, Autonomous University of Madrid (1982). Ph.D. in International Transport and Commercial law, University of Aix-en-Provence (1983).


Capital markets: Debt

Within: Capital markets: Debt

CMS Albiñana y Suárez de Lezo was busy advising on the issuance of bonds, an area where Banco Sabadell was a client. In another example, the team assisted Beka Finance and Bankinter, as managers and placers, with Audax Energía's second bonds issue worth €65m. Banco Santander, Novo Banco and Deutsche Bank are also clients. Counsel Ignacio Ramos joined from Clifford Chance in July 2018 and now works together with the renowned Carlos Peña. Íñigo Hernáez, formerly a senior associate with the firm, is now with Gómez-Acebo & Pombo.

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Capital markets: Equity

Within: Capital markets: Equity

A highlight for CMS Albiñana y Suárez de Lezo was acting for Lazard on Abertis' IPO. The capital markets team also assisted Fundación Bancaria Unicaja, the major shareholder of Unicaja, with the latter's €757m IPO process. Carlos Peña is recommended. Counsel Ignacio Ramos joined from Clifford Chance in July 2018, while former partner Curra Munuera left in May 2018 to work in house at Banco Caminos.

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Commercial, corporate and M&A

Within: Commercial, corporate and M&A

CMS Albiñana y Suárez de Lezo frequently works with its international colleagues to advise on deals. An example of its national work was assisting Acciona with the sale of a 93% stake in maritime passenger and cargo carrier operator Compañía Trasmediterranea to transportation services provider Naviera Armas. Managing partners César Albiñana and Rafael Suárez de Lezo are considered leading individuals in the area. Carlos PeñaAntonio Pino and Luis Miguel de Dios are also recommended, and Rafael Sánchez and Javier Leyva made partner in April 2018.

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Within: Insurance

CMS Albiñana y Suárez de Lezo's multi-disciplinary insurance team has domestic and international experience. Practice head Carlos Peña, who is a corporate and M&A specialist, leads a team that was recently strengthened by the arrival of financial regulatory expert Ignacio Ramos, who joined as counsel from Clifford Chance in 2018. The department is advising AIG on underwriting risks under warranties and indemnities insurance policies, as well as assisting Drive & Win with the launch of a car insurance contract, where the valuation of the risk is based on mobile phone telematics.

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Private equity

Within: Private equity

CMS Albiñana y Suárez de Lezo advised Portobello Capital on the acquisition of a stake in Blue Sea Hotels & Resorts. Javier Leyva was promoted to partner in May 2018 and Carlos Peña is recommended.

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Legal Developments by:

  • Access to justice: protective costs orders in planning challenges

    Third parties and competing developers have no rights of appeal to the Secretary of State against planning decisions. Disappointed applicants can appeal to the Secretary of State and can have the merits of the application reconsidered. The only remedy available to a disappointed third party is a challenge by way of judicial review in the High Court on a point of law. The sense of frustration and disempowerment this creates has not been helped by the increasing complexity of the planning process and the use of consultation to legitimise decisions that many perceive may already have been taken.
    - CMS Group

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