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Clifford Chance

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

Spain

Banking and finance
Banking and finance - ranked: tier 1

Clifford Chance

Clifford Chance's banking and finance lawyers are 'honest and clear in their opinions', 'available' and 'efficient'. The group acts mostly for domestic and international commercial lenders, but also for¬†borrowers and project sponsors. A recent highlight was assisting¬†HSBC and BNP Paribas with the ‚ā¨1.6bn refinancing of Prisa‚Äôs debt. In other work, the team advised Banco Santander as agent; BNP Paribas, Banco Santander and Soci√©t√© G√©n√©rale as bookrunners, underwriters and mandated lead arrangers; and a syndicate of lenders on the ‚ā¨386m senior financing granted to¬†M√°sM√≥vil for the acquisition of mobile network operators Pepephone and Yoigo.¬†Jos√© Guardo,¬†Carlos Hern√°ndez-Canut¬†and¬†Epifanio P√©rez, who has 'great negotiation skills', are recommended.¬†Eugenio Fern√°ndez-Rico, Felipe Font¬†and Mar√≠a Sabau¬†are senior associates to keep in mind.

Leading individuals

José Guardo - Clifford Chance

Next generation lawyers

Eugenio Fern√°ndez-Rico - Clifford Chance

Felipe Font - Clifford Chance

María Sabau - Clifford Chance

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Capital markets: Debt
Capital markets: Debt - ranked: tier 1

Clifford Chance

Clifford Chance¬†has 'access to a vast number of deals through its worldwide network' and goes 'beyond expectations in terms of quality and dedication'. It advised¬†the managers, including Cr√©dit Agricole and HSBC, in connection with the ‚ā¨750m debut green bond issue of ACS Servicios, Comunicaciones y Energ√≠a.¬†The group also stands out for its securitisation and structured finance expertise, with 'high performer' Jos√© Cuenca¬†and¬†Eduardo Garc√≠a¬†the names to note.¬†Yolanda Azanza¬†is¬†'very professional and knowledgeable' and senior associates Jes√ļs Quesada¬†and¬†Carlos P√©rez¬†are also noted.

Leading individuals

José Manuel Cuenca - Clifford Chance

Yolanda Azanza - Clifford Chance

Next generation lawyers

Carlos Pérez Dávila - Clifford Chance

Jes√ļs Quesada - Clifford Chance

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Capital markets: Equity
Capital markets: Equity - ranked: tier 1

Clifford Chance

As well as public offerings, Clifford Chance handles equity-linked capital markets products such as rights issues, convertible bonds and private placements. On behalf of Barclays, it assisted the managers with an additional tier 1 issue by Ibercaja Banco and, in a separate matter, advised Elaia Investment Spain on its listing on the alternative stock market (MAB). Antonio Henríquez, Yolanda Azanza and Javier García de Enterría are recommended. Former senior associate Laura Fernández left in February 2018 to become general counsel at Aliseda Inmobiliaria.

Leading individuals

Yolanda Azanza - Clifford Chance

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

Clifford Chance

Clifford Chance's clients 'can rely on the team to design the right strategy for the deal' and its peers acknowledge it 'feels like a local team thanks to its maturity in the market'. As such, it advises many Ibex 35 companies such as construction group ACS; the client retained the team to advise on its joint venture with Atlantia and Hochtief - which had both launched competing initial takeover bids - for a joint investment in Abertis. Another highlight was assisting IFM Investors with acquiring¬†a 49% stake in water management company FCC Aqualia from construction company FCC¬†for a purchase price of over ‚ā¨1bn. In this instruction,¬†Samir Azzouzi¬†and¬†Javier Amantegui¬†cooperated with UK and US partners.¬†Luis Alonso¬†has 'very strong negotiation skills'¬†and is recommended along with¬†Jaime Vel√°zquez,¬†Jos√© Mar√≠a Fern√°ndez-Daza¬†and¬†Javier Garc√≠a de Enterr√≠a.¬†¬†is the name to note in Barcelona.

Leading individuals

Jaime Vel√°zquez - Clifford Chance

Javier Amantegui - Clifford Chance

Next generation lawyers

Samir Azzouzi - Clifford Chance

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Dispute resolution
Dispute resolution - ranked: tier 1

Clifford Chance

The ‚Äėabsolutely brilliant‚Äô Jose Antonio Cainzos¬†leads the ‚Äėhigh-quality and dedicated‚Äô practice at Clifford Chance, which specialises in representing multinational clients in cross-border litigation, international arbitration and investigations. Key names include intellectual property litigation expert¬†Miquel Monta√Ī√°¬†and the ‚Äėwell-prepared and hardworking‚Äô Ignacio Diaz. Also notable is¬†counsel Carlos Zabala, who joined from Ram√≥n y Cajal Abogados¬†in 2018. The firm is representing the Agrolimen Group in a claim against Nuevo Arpegio, a private entity owned by the regional government of Madrid, relating to the sale of several rural plots of land. In another recent highlight, the ‚Äėavailable, transparent and really reliable‚Äô team is acting for Vestas Per√ļ in its claim against Montealto Per√ļ, following arbitration proceedings before the International Court of Arbitration.

Leading individuals

José Antonio Caínzos - Clifford Chance

Miquel Monta√Ī√° - Clifford Chance

Next generation lawyers

Ignacio Díaz - Clifford Chance

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EU and competition
EU and competition - ranked: tier 1

Clifford Chance

Miguel Odriozola¬†leads the Clifford Chance¬†practice, which specialises in competition matters before the European Commission and the Spanish Competition Authority. His team includes senior associates Ana Latorre, who is experienced in infringement and merger control;¬†Bel√©n Irissarry, whose expertise lies in Spanish and European competition law; and the recently promoted counsel Bego√Īa Barrantes. The firm counts Telef√≥nica, Samsung, Nokia and Banco Santander among its clients, and in a recent highlight successfully represented Oracle before the Supreme Court in an abuse of dominance case. The practice also acted for Telef√≥nica in challenging the ‚ā¨47m fine imposed by the Comisi√≥n Nacional de los Mercados y la Competencia; the fine was eventually fully annulled.

Leading individuals

Miguel Odriozola - Clifford Chance

Next generation lawyers

Bego√Īa Barrantes - Clifford Chance

Belén Irissarry - Clifford Chance

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Employment
Employment - ranked: tier 3

Clifford Chance

Clifford Chance's¬†practice is known for the ‚Äėprofessionalism of its lawyers, knowledge of labour legislation and excellent performance‚Äô. Specialising in multi-jurisdictional advice, it has particular experience in restructurings, collective negotiations and litigation. Counsel Juan Calvente¬†leads the ‚Äėvery efficient and skilled team‚Äô that ‚Äėgoes further than expected, providing good solutions to problems, even before they appear‚Äô. The firm recently acted for Wizink Bank in a collective conflict with the trade union, related to provisions in the bank's collective bargaining agreement. In other work, the department advised US-based company Lobster Trap on employment matters related to the opening of operations in Spain.

Next generation lawyers

Juan Calvente - Clifford Chance

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Environment
Environment - ranked: tier 1

Clifford Chance

Clifford Chance¬†works across the area and has particular experience in cross-border transactions in the renewable energy sector, as well as a carbon trading unit integrated within the capital markets practice area. The team is jointly led by Jos√© Guardo, Jos√© Luis Zamarro¬†and new arrival¬†Jaime Almenar, who joined from CMS Albi√Īana y Su√°rez de Lezo¬†and specialises in matters relating to the public and regulated sectors in Spain, particularly energy regulation.¬†The department is assisting Atlas Renewable Energy with the drafting and negotiation of a multi-disciplinary scheme relating to the Guajiro solar project in Mexico, and advising Argentinean company Genneia Vientos del Sudoeste on the contractual scheme for the construction of a wind farm located in the province of Rio Negro Argentina. Former practice head Juan Jos√© Lavilla¬†retired in 2018.

Leading individuals

José Guardo - Clifford Chance

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

Clifford Chance

Clifford Chance¬†specialises in advising the pharmaceutical industry on legal and regulatory requirements and on all stages of the medicinal product cycle, and also has experience in joint ventures in the life sciences industry. The practice is led by intellectual property expert Miquel Monta√Ī√°¬†and litigation and multi-jurisdictional dispute specialist Josep Montefusco. The team is representing Alfasigma Espa√Īa in a contentious administrative appeal against the decision of the Spanish health authorities to exclude a product from the¬†public health system's¬†financing. In another highlight, the department is advising Novartis Pharma AG and Novartis Farmac√©utica on public procurement matters relating to the supply of the drug Glivec.

Leading individuals

Miquel Monta√Ī√° - Clifford Chance

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Industry focus: TMT
Industry focus: TMT - ranked: tier 2

Clifford Chance

Clifford Chance's¬†multi-disciplinary team works across the sector, with notable expertise in litigation, data protection and cybersecurity. The firm was strengthened by the arrival of public law and regulatory specialist Jaime Almenar, who joined from CMS Albi√Īana y Su√°rez de Lezo¬†in 2018 and is particularly experienced in telecoms. He jointly leads the practice with financial and M&A expert Jaime Vel√°zquez¬†and Miguel Odriozola, who focuses on antitrust matters in the telecoms and technology sectors. The department is advising Cellnex Telecom on regulatory issues arising from the company‚Äôs television signal carrying activities. In another highlight, the group is representing Vodafone-Ono in several judicial contentious administrative appeals relating to the award of telecoms contracts by public sector entities.

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Insurance
Insurance - ranked: tier 1

Clifford Chance

Clifford Chance's¬†‚Äėdomestic and international experience‚Äô is combined with an ability to ‚Äėcoordinate different work areas exceptionally well‚Äô. Advising across the full range of insurance-related matters, the firm specialises in multi-jurisdictional transactions. The practice has ‚Äėsome of the best lawyers in Spain that do a brilliant job‚Äô. This includes counsel Jaime S√°nchez, who is an expert in insurance and reinsurance matters and is known for his transactional and regulatory experience. He leads the team with the ‚Äėintelligent and precise‚Äô Jos√© Antonio Ca√≠nzos, who has ‚Äėa depth of knowledge in legislation‚Äô. The department advised Zurich Group on the voluntary winding-up and liquidation of Aide Asistencia, Seguros y Reaseguros, and assisted Mapfre with the setting up of a fund for real estate investment in Europe. Other key clients include Admiral, AXA, Chubb and The Onelife Company.

Leading individuals

Jaime S√°nchez - Clifford Chance

José Antonio Caínzos - Clifford Chance

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Intellectual property: Copyright
Intellectual property: Copyright - ranked: tier 1

Clifford Chance

Clifford Chance¬†has a strong track record handling¬†copyright legislation. Practice head¬†Miquel Monta√Ī√°¬†is advising Banco Santander on the copyright aspects of multiple project finance operations for the production of several films and television series. Other work includes successfully advising Samsung on the copyright aspects of various app launches and marketing campaigns. Josep Montefusco¬†and senior associate Juan Cuerva de Ca√Īas¬†are also noted.

Leading individuals

Miquel Monta√Ī√° - Clifford Chance

Next generation lawyers

Josep Montefusco - Clifford Chance

Juan Cuerva de Ca√Īas - Clifford Chance

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

Clifford Chance

Clifford Chance‚Äôs practice acts for high-profile clients, frequently handling¬†trade mark litigation. Miquel Monta√Ī√°¬†leads the team and the 'experienced'¬† Josep Montefusco¬†is also noted. Samsung, Philip Morris International and Honda Motor are among its key clients.

Leading individuals

Miquel Monta√Ī√° - Clifford Chance

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Intellectual property: patents
Intellectual property: patents - ranked: tier 1

Clifford Chance

Miquel Monta√Ī√°¬†leads the practice at Clifford Chance, which specialises in the healthcare and life sciences sector, among others. The team is representing new client UCB Pharma in patent revocation proceedings against Normon concerning Vimpat, a leading product for the treatment of epileptic seizures. Josep Montefusco¬†is another key name. At senior associate level,¬†Rais Amils¬†is singled out.

Leading individuals

Josep Montefusco - Clifford Chance

Miquel Monta√Ī√° - Clifford Chance

Next generation lawyers

Rais Amils - Clifford Chance

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Private equity
Private equity - ranked: tier 1

Clifford Chance

The 'quick and proactive' private equity team at Clifford Chance¬†covers the entire cycle of an investment, starting from fund formation. It advised V√§rde Partners on the acquisition of a 49% stake in WiZink Bank from Banco Popular, and assisted KKR with the ‚ā¨3.7bn acquisition of a¬†40%¬†stake in telecom infrastructure operator Telxius.¬†It also counts numerous infrastructure funds and investment managers such as¬†GS¬†Infrastructure Partners,¬†IFM Investors and Mit Infrastructure Europe as clients.¬†Javier Amantegui¬†and¬†Samir Azzouzi¬†are recommended.

Leading individuals

Javier Amantegui - Clifford Chance

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Projects and energy
Projects and energy - ranked: tier 1

Clifford Chance

Clifford Chance¬†focuses on corporate, banking and finance matters across the energy sector, the firm is especially active in cross-border and regulatory advice. Banking and finance specialist Jos√© Guardo, who has particular expertise in project financing in the energy and infrastructure space, leads the team with Jaime Almenar, who joined in 2018 and previously led the public law and regulatory department at CMS Albi√Īana y Su√°rez de Lezo. Also notable is senior associate Eduardo S√°nchez, who is experienced in project finance and restructuring.¬†The department assisted Zuma Energ√≠a with the development of a wind farm in Tamaulipas, and advised Argentinean company Genneia Vientos del Sudoeste on the contractual scheme for the construction of a wind farm located in the province of Rio Negro.¬†Former practice head Juan Lavilla¬†retired in 2018.

Leading individuals

José Guardo - Clifford Chance

Next generation lawyers

Eduardo S√°nchez - Clifford Chance

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Public law
Public law - ranked: tier 1

Clifford Chance

Clifford Chance¬†'understands the client's needs' and provides 'quick response times'. It advised Iberdrola on regulatory matters such as energy self-supply and remuneration of renewable energy. On the contentious side, it represented Metro Ligero Oeste in an appeal concerning the financing of a passenger services concession contract.¬†Jos√© Luis Zamarro¬†is¬†'experienced'.¬†Jaime Almenar¬†came from CMS Albi√Īana y Su√°rez de Lezo¬†at the beginning of 2018 and took over the practice lead from¬†Juan Jos√© Lavilla, who left together with¬†Jos√© Mar√≠a Barrios.

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

Clifford Chance

Clifford Chance acts for top clients and household names in the Spanish real estate market. The team is advising BBVA on the sale of 80% of its Spanish real estate business to Cerberus, valued at ‚ā¨5bn. Key name and Barcelona real estate lead, Blanca Ochoa,¬†advised Unibail-Rodamco-Westfield on the ‚ā¨159m acquisition of several retail units. Carlos Portocarrero¬†heads the practice.¬†Senior associate¬†Mar√≠a Pradillo¬†frequently works with¬†Unibail-Rodamco-Westfield and Aracorp.¬†Conchita S√°inz¬†and¬†Angel Vizca√≠no¬†are also names to note.

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

The 'top-notch' Clifford Chance¬†has a 'fully committed team' on both the restructuring and insolvency sides. Recent highlights include advising HSBC and the other members of the lenders‚Äô syndicate on the ‚ā¨3.3bn debt refinancing of media group Prisa. It also assisted Noatum Maritime with obtaining a credit facility for the amount of ‚ā¨91.3m granted by a syndicate of banks to refinance the group‚Äôs debt.¬†Banking and finance expert Carlos Hern√°ndez-Canut¬†has 'great negotiating skills', and dispute resolution partner¬†I√Īigo Villoria¬†and senior associate Alexandra Borrallo¬†are¬†recommended for insolvency matters.

Leading individuals

Carlos Hern√°ndez-Canut - Clifford Chance

I√Īigo Villoria - Clifford Chance

Next generation lawyers

Alexandra Borrallo - Clifford Chance

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Tax
Tax - ranked: tier 2

Clifford Chance

Clifford Chance specialises in tax issues relating to investments and is known for its tax expertise in the corporate and real estate sectors. Transactional expert Pablo Serrano de Haro leads the practice, which also includes experienced council Roberto Grau, who is active in capital markets and finance. In recent highlights, the firm advised BBVA on the sale of 80% of its real estate business in Spain, and assisted Europcar Groupe, a France-based rent-a-car company, with the complex cross-border acquisition of Spanish company Goldcar from Luxembourg private equity firm Investindustrial. Other key clients include Santander, Autonomy and Sareb.

Leading individuals

Pablo Serrano de Haro - Clifford Chance

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Further information on Clifford Chance

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Clifford Chance

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