Firm Profile > Clifford Chance > Madrid, Spain

Clifford Chance
PASEO DE LA CASTELLANA 110
28046 MADRID
Spain

Banking and finance Tier 1

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 €1.6bn refinancing of Prisa’s debt. In other work, the team advised Banco Santander as agent; BNP Paribas, Banco Santander and Société Générale as bookrunners, underwriters and mandated lead arrangers; and a syndicate of lenders on the €386m senior financing granted to MásMóvil for the acquisition of mobile network operators Pepephone and Yoigo. José GuardoCarlos Hernández-Canut and Epifanio Pérez, who has 'great negotiation skills', are recommended. Eugenio Fernández-Rico, Felipe Font and María Sabau are senior associates to keep in mind.

Capital markets: Debt Tier 1

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 Crédit Agricole and HSBC, in connection with the €750m debut green bond issue of ACS Servicios, Comunicaciones y Energía. The group also stands out for its securitisation and structured finance expertise, with 'high performer' José Cuenca and Eduardo García the names to note. Yolanda Azanza is 'very professional and knowledgeable' and senior associate Jesús Quesada is also noted. Carlos Pérez Dávila, previously a senior associate with the firm, joined Pérez-Llorca as a partner in 2019.

Capital markets: Equity Tier 1

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 HenríquezYolanda 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

Commercial, corporate and M&A Tier 1

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 €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 VelázquezJosé María Fernández-Daza and Javier García de Enterría is the name to note in Barcelona.

Dispute resolution Tier 1

The ‘absolutely brilliantJose Antonio Cainzos leads the ‘high-quality and dedicated’ 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 Montañá and the ‘well-prepared and hardworkingIgnacio Diaz. Also notable is counsel Carlos Zabala, who joined from Ramón 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 ‘available, transparent and really reliable’ team is acting for Vestas Perú in its claim against Montealto Perú, following arbitration proceedings before the International Court of Arbitration.

Environment Tier 1

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 José Guardo, José Luis Zamarro and new arrival Jaime Almenar, who joined from CMS Albiñana y Suárez 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 José Lavilla retired in 2018.

Leading individuals

EU and competition Tier 1

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; Belén Irissarry, whose expertise lies in Spanish and European competition law; and the recently promoted counsel Begoña Barrantes. The firm counts Telefónica, 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 Telefónica in challenging the €47m fine imposed by the Comisión Nacional de los Mercados y la Competencia; the fine was eventually fully annulled.

Industry focus: Healthcare and life sciences Tier 1

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 Montañá and litigation and multi-jurisdictional dispute specialist Josep Montefusco. The team is representing Alfasigma España 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 Farmacéutica on public procurement matters relating to the supply of the drug Glivec.

Leading individuals

Insurance Tier 1

Clifford Chance's ‘domestic and international experience’ is combined with an ability to ‘coordinate different work areas exceptionally well’. Advising across the full range of insurance-related matters, the firm specialises in multi-jurisdictional transactions. The practice has ‘some of the best lawyers in Spain that do a brilliant job’. This includes counsel Jaime Sánchez, who is an expert in insurance and reinsurance matters and is known for his transactional and regulatory experience. He leads the team with the ‘intelligent and preciseJosé Antonio Caínzos, who has ‘a depth of knowledge in legislation’. 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.

Intellectual property: Copyright Tier 1

Clifford Chance has a strong track record handling copyright legislation. Practice head Miquel Montañá 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 Cañas are also noted.

Intellectual property: patents Tier 1

Miquel Montañá 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.

Next Generation Partners

Private equity Tier 1

The 'quick and proactive' private equity team at Clifford Chance covers the entire cycle of an investment, starting from fund formation. It advised Värde Partners on the acquisition of a 49% stake in WiZink Bank from Banco Popular, and assisted KKR with the €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

Projects and energy Tier 1

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 José 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 Albiñana y Suárez de Lezo. Also notable is senior associate Eduardo Sánchez, who is experienced in project finance and restructuring. The department assisted Zuma Energía 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

Next Generation Partners

Public law Tier 1

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. José Luis Zamarro is 'experienced'. Jaime Almenar came from CMS Albiñana y Suárez de Lezo at the beginning of 2018 and took over the practice lead from Juan José Lavilla, who left together with José María Barrios.

Real estate and construction Tier 1

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 €5bn. Key name and Barcelona real estate lead, Blanca Ochoa, advised Unibail-Rodamco-Westfield on the €159m acquisition of several retail units. Carlos Portocarrero heads the practice. Senior associate María Pradillo frequently works with Unibail-Rodamco-Westfield and Aracorp. Conchita Sáinz and Angel Vizcaíno are also names to note.

Restructuring and insolvency Tier 1

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’ syndicate on the €3.3bn debt refinancing of media group Prisa. It also assisted Noatum Maritime with obtaining a credit facility for the amount of €91.3m granted by a syndicate of banks to refinance the group’s debt. Banking and finance expert Carlos Hernández-Canut has 'great negotiating skills', and dispute resolution partner Iñigo Villoria and senior associate Alexandra Borrallo are recommended for insolvency matters.

Industry focus: TMT Tier 2

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 Albiñana y Suárez de Lezo in 2018 and is particularly experienced in telecoms. He jointly leads the practice with financial and M&A expert Jaime Velázquez 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’s 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.

Tax Tier 2

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

Employment Tier 3

Clifford Chance's practice is known for the ‘professionalism of its lawyers, knowledge of labour legislation and excellent performance’. Specialising in multi-jurisdictional advice, it has particular experience in restructurings, collective negotiations and litigation. Counsel Juan Calvente leads the ‘very efficient and skilled team’ that ‘goes further than expected, providing good solutions to problems, even before they appear’. 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 Partners

Intellectual property: Trade marks Tier 3

Clifford Chance’s practice acts for high-profile clients, frequently handling trade mark litigation. Miquel Montañá 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

The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Types of work undertaken:

Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.

Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.

Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.

The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

International offices:Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**

*Linda Widyati & Partners in association with Clifford Chance

**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh


Photo Name Position Profile
 Javier  García de Enterría  photo Javier  García de Enterría
 Carlos  Hernández-Canut  photo Carlos  Hernández-Canut
 Alberto Manzanares  photo Alberto Manzanares
 Miguel Odriozola  photo Miguel Odriozola
 Carlos  Portocarrero de las Heras  photo Carlos  Portocarrero de las Heras
 Jaime Velázquez  photo Jaime Velázquez
Number of partners : 550
Number of other fee-earners : 3,300

Advice To My Younger Self: Reflections of Successful Women Lawyers

Women lawyers open up about their careers and defining choices

Advice To My Younger Self: Reflections of Successful Women Lawyers is published by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Now in its second release, the book is a practical resource for anyone interested in charting a successful career path at a law firm or by moving in-house. It features interviews with 20 women partners, alumnae and in-house counsel, with additional contributions from members of Clifford Chance’s senior management and US-based recruiting team. Visit our website to learn more about practical tips for building your career.

http://www.legal500.com/clifford-chance/advice-to-my-younger-self


RISING LAWYERS open up about their priorities and strategies for success

Their Voices: Insights from Today’s Rising Lawyers by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Geared primarily for students and junior lawyers, the book is a practical resource for those considering law school or just beginning a legal career. Twenty junior lawyers offer diverse perspectives on what inspires them about the law, and the strategies that are helping them stay in touch with their priorities and define the future of their careers. Their Voices also provides insights for senior lawyers as they mentor the next generation of leaders.

http://www.legal500.com/clifford-chance/their-voices