Firm Profile > Clifford Chance > Madrid, Spain

Clifford Chance
PASEO DE LA CASTELLANA 110
28046 MADRID
Spain

Banking and finance Tier 1

The team of UK, US and Spain-qualified experts at Clifford Chance advises on a range of finance matters, including project, leveraged, real estate, asset and acquisition finance. The firm provides notable strength in refinancing and debt restructurings, as well as syndicated lending. On top of its banking and finance expertise, the practice has a sector focus, particularly in infrastructure, energy, telecoms, media, technology, financial services and private equity. José Guardo leads the team and is known for structured finance related to energy and infrastructure projects. Other key names for the firm are Epifanio Pérez, who handles restructuring and refinancing from a lending perspective, as well as acquisition and asset finance; Rodrigo Uría, who leads the real estate financing practice and specialises in leveraged finance; and the US and UK-qualified Carl Fitzgerald, who advises on real estate and acquisition financing. Also active in the area are senior associates Eugenio Fernández-Rico, María Sabau and Felipe Font.

Practice head(s):

José Guardo

Other key lawyers:

Epifanio Pérez; Rodrigo Uría; Carl Fitzgerald; Eugenio Fernández-Rico; Felipe Font; María Sabau; Pedro Torres Cubillas; Miguel Barredo

Testimonials

Strengths: very good technical skills and drawing very complex contracts to perfection. They compare favorably with teams from other firms.’

‘Maria Sabau has a complete vision of the financing contracts and perfectly understands how it relates to the other documents of the transaction.’

Clifford Chance brings confidence in decisions made as a great insight into the legal implications as well as top-notch professional resources.’

‘Exceptional partner: Rodrigo Uria gives security, reliability, empathy, commitment, knowledge, professionalism. Others: Pedro Cubillas and Miguel Barredo, commitment, knowledge, professionalism.’

Key clients

Banco Santander

JP Morgan

Acciona

Natixis

Sacyr

Cellnex

Eroski

CaixaBank

Enagas

Deutsche bank

Capital markets: Debt Tier 1

Offering quality and proactive advice’ to issuers and underwriters, Clifford Chance is known for a range of corporate, sovereign, high yield and project bonds matters. The team handles debt securities issues and euro medium-term note (EMTN) and euro commercial paper (ECP) programmes for Spanish issuers; other areas of expertise include regulatory capital, securitisation and structured finance. The firm’s experience in debt restructuring includes acting for issuers subject to pre-insolvency proceedings and liability management work. The team is jointly led by debt and equity capital markets specialist Yolanda Azanza; José Manuel Cuenca, who focuses on securitisation, structured finance, derivatives and financial regulation; Eduardo García, who is active in securitisation and structured finance; international debt and equity expert Antonio Henríquez; and María Luisa Alonso, whose forte is regulatory matters and high yield financing. Senior associate Jesús Quesada is also noted.

Practice head(s):

Yolanda Azanza; José Manuel Cuenca; Eduardo García; Antonio Henríquez; María Luisa Alonso

Other key lawyers:

Jesús Quesada

Testimonials

‘Clifford Chance’s team maintains the legislative and market pulse on the matter, offering quality and proactive advice, with a focus on the interest of the client, but without ceasing to propose other possible alternatives.’

‘Clifford Chance’s team has kept the quality of its service intact in the exceptional circumstances caused by the Covid-19 pandemic.’

‘Yolanda Azanza stands out for being a proactive, meticulous and dedicated professional in the advice she provides to her client.’

Commercial, corporate and M&A Tier 1

The highly regarded M&A team at Clifford Chance works out of the firm's Madrid and Barcelona offices and is equipped to handle high-profile domestic and cross-border transactions. Equally strong is the firm's private equity practice; it remains a popular choice for corporates, private equity houses and financial investors, and has recently expanded its client base further with several new client wins. Public and private M&A specialist Javier García de Enterría leads the team, which includes Javier Amantegui, Jaime VelázquezSamir Azzouzi and Luis Alonso, whose 'experience shows immediately when answering questions about very complicated situations'. Associates to note include Miguel BarredoJavier Hermosilla and Jorge Martín.

Practice head(s):

Javier García de Enterría

Other key lawyers:

Luis Alonso; Javier Amantegui; Samir Azzouzi; Jaime Velázquez; Miguel Barredo; Javier Hermosilla; Jorge Martín; Guillermo Guardia

Testimonials

It is a proactive, dynamic team that understands our sector and needs very well, integrates with our internal team and achieves excellent results in our operations. They have earned our trust for any corporate operation.’

‘Luis Alonso is, in my opinion, the lawyer who makes the difference between Clifford Chance and his competitors, and has become our reference lawyer for M&A operations. I would highlight the clarity and practicality of his advice and, above all, his negotiation skills, with which he manages to bring operations to fruition by looking for options that fit all parties.’

Luis works with a group of associates who deserve a very high opinion, including Javier Hermosilla, Jorge Martín and Miguel Barredo. All of them add value to the team.’

‘It is about a cohesive, eminently pragmatic team that puts itself in the client’s shoes, understanding the context of the situation. They always come up with solutions, rarely a problem. They are creative and imaginative, with a deep understanding of applicable law and doctrine.’

‘Luis Alonso, always “hands on” and available. His experience shows immediately when answering questions about very difficult situations. He has already lived them and has several alternatives. If not, the matter is studied thoroughly and very quickly. It transmits a lot of security and guarantee in making decisions on complex issues.’

Javier García de Enterría. The only voice with authority on takeover bids in Spain. Nobody (the other competing firms) questions his thesis, due to his deep knowledge of the subject. Always available, with a calm demeanor, he seeks practical solutions to complex situations. It transmits a lot of security and guarantee.’

‘Technically good and reliable, with the flexibility and adequate negotiation capacity to reach solutions and agreements.’

‘Guillermo Guardia and Javier Hermosilla are recommended.’

Key clients

Abanca

Actividades de Construcción y Servicios, S.A. (ACS) (IBEX 35)

Admiral Group

Agrolimen

Airbus

Ardian

Artá Capital

Asterion

Banco Santander (IBEX 35)

Bankia (IBEX 35)

Blackstone

Brookfield

Caixabank (IBEX 35)

Cellnex (IBEX 35)

Cimsa (Sabanci Group)

Construcción y Auxiliar de Ferrocarriles (CAF)

Corporación Financiera Alba, SA

Crédit Agricole

Cube Infrastructure

Cubico

Distribuidora Internacional de Alimentación, S.A. (“DIA”)

DWF LLP

Elliot

Endesa (IBEX 35)

EQT Partners

Esteve

Finerge (First State)

Forestalia Renovables, S.L.

GFI Informatique

Iberdrola (IBEX 35)

Ivanhoe Cambridge

Key Capital

KKR

Madrileña Red de Gas

MásMovil (IBEX 35)

Mirova

Mutua Madrileña

Orion

Partners Group

PGGM

Real Madrid

Red Eléctrica (IBEX 35)

Redexis

SAREB

Telefónica (IBEX 35)

Värde

Wizink

Dispute resolution Tier 1

The ‘excellent litigation team’ at Clifford Chance is highlighted for its ‘availability, precision and real pragmatism’. With expertise across the spectrum of disputes, the firm is particularly strong in representing multinational clients in cross-border litigation, international arbitration and investigations. Other specialisms include criminal law, liability claims, energy disputes and data protection matters, as well as M&A, insurance, real estate, finance and sports litigation. Leadership of the team is split between expert litigator and arbitrator Fernando Irurzun; Iñigo Villoria, who is the head of the firm’s insolvency and restructuring practice; Ignacio Díaz de la Cruz, who handles international disputes, cross-border litigation and complex damages claims; IP specialist Miquel Montañá; and Josep Montefusco, who focuses on IP, unfair competition and damages claims. Also noted is senior associate Eduardo Hernández, who is a 'tireless worker with very deep knowledge of matters, the arbitration system and tribunals'. José Antonio Caínzos left in 2020 to become chairman of the Madrid International Arbitration Center.

Practice head(s):

Fernando Irurzun; Iñigo Villoria; Ignacio Díaz de la Cruz; Miquel Montañá; Josep Montefusco

Other key lawyers:

Eduardo Hernández; Fernando Giménez-Alvear; Alexandra Borrallo; Borja Pérez-Puente

Testimonials

‘It is a team that is very well coordinated with each other, even in multidisciplinary material, which is of great help when it comes to advising and finding solutions.’

‘They have a great knowledge in the matter of the right they exercise, and in this particular case they put together a robust appeal. Special mention to Mr. Fernando Irurzun.’

‘The Clifford Chance litigation team is an excellent team that works with exquisite precision and exhausts the entire case of all the litigious issues that come before it.’

‘Availability and precision in dealing with matters. Real pragmatism to resolve conflicts.’

‘As outstanding professionals we can mention Mr. Fernando Irurzun, Mr. Borja Perez Puente, Mr. Elías Soria.’

‘In reality we only see their strengths: the depth with which they analyze the issues, the knowledge, the amount of work they can handle at the same time doing everything optimally; the exquisite treatment with the client, fully adjusting to their needs.’

‘Eduardo Hernández: is a tireless worker with a very deep knowledge of matters and the arbitration system and tribunals. He always makes the right and timely decisions and the strategy he develops is always beneficial in the long run.’

Key clients

Vingroup Joint Stock Company

HSBC

S.A. de Obras y Servicios, Copasa (Copasa)

ACS

Iberdrola

Shell

Ilustre Colegio de Abogados de Madrid

Mutualidad de la Abogacía

EY

Intrum

Banco Santander

Telefónica, S.A.

Steag

Red Eléctrica de España

Abengoa

Vestas

Unibail Rodamco

Abanca

Technip

Airbus

Banesco

EU and competition Tier 1

Highlighted for its 'very cooperative attitude' and 'deep knowledge of the local regulations', Clifford Chance has cemented its position in the top echelons of the market for competition law in Spain through its regular involvement in high-profile investigations and merger control proceedings before the Spanish Competition Authority (CNMC) and European Commission. Miguel Odriozola has particular experience in the IT, aviation and telecoms sectors and has a good reputation in the market; he leads the team, with key support from experienced counsel Begoña Barrantes and senior associates Belén Irissarry, Ana Latorre and Diego Doménech.

Practice head(s):

Miguel Odriozola

Other key lawyers:

Begoña Barrantes; Belén Irissarry; Ana Latorre; Diego Doménech

Testimonials

‘Great Team, very fast, deep knowledge of the local regulations, reasonable approach of raising the risks along with a plan for removal of the risks, very cooperative attitude, easy access to team members, availability of the team members day and night.’

‘Very fast and real experts in their fields, good drafting, timely responses, close follow up.’

The Clifford Chance Competition team is unique in the following points: – knowledge of the subject, great experience – closeness with clients – they strive to understand the business, they do not remain superficial – clear and concise advice.

Miguel Odriozola, Ana Torre and Diego Domenech: they are the perfect team. Experience, excellent treatment and workers. They get involved with the business.

‘Provided focused and practical advice when required. The team is easy to talk to and communicate well.’

They are happy to be proactive in dealing with regulators and drive the process.

Key clients

Telefónica

Samsung

Oracle

Nokia

Çimsa

Cartonajes International, S.L. (International Paper)

Software AG

Saint Gobain

Endesa / Enel

Banco Santander

Carrefour

easyJet Plc

Värde Partners

Lundin Mining

Agrolimen

Ontex

Cirrus

L’Oréal

Freyssinet

Aeproser (Grupo BC)

MEGASA

CAF

DTN

Industry focus: Healthcare and life sciences Tier 1

Leading pharmaceutical companies turn to Clifford Chance's Spain-based team for advice and representation in complex patent litigation, M&A and sensitive regulatory matters. IP partner Miquel Montañá has established his reputation in the life sciences sector through his involvement in high-profile patent disputes over two decades of practice. Other names to note in the team include corporate and M&A partner Guillermo Guardia, Josep Montefusco, who focuses on IP and has been a partner since 2017, and public and administrative law specialist Carme Briera, who receives praise. The abovementioned lawyers are based in Barcelona and also collaborate with colleagues in the Madrid office.

Practice head(s):

Miquel Montañá; Josep Montefusco; Guillermo Guardia

Other key lawyers:

Carme Briera; Isabel Carulla; Rais Amils

Testimonials

A lot of involvement in the subject itself, desire to learn about technical matters: product, pathology, in short, wanting to deepen and understand about the matter that the process occupied and thus be able to speak properly and correctly. We especially work with Carme Briera.’

Key clients

Bayer

Novartis

GlaxosmithKline

Astrazeneca

Janssen Pharmaceutical

F. Hoffmann-La Roche

Pfizer

UCB Biopharma

Nutrition & Santé Iberia, S.L.

Bial Portela & CA

Merck Sharp & Dohme Corp.

Zoetis Services LLC

Esteve Pharmaceuticals S.A.

Genomics Health

Illumina Inc.

Edwards Lifesciences Ltd.

Intellectual property: Copyright Tier 1

Clifford Chance provides copyright-related advice to clients completing major transactions in a variety of sectors, and also handles litigation. The breadth of its practice is reflected by its diverse client base, which includes technology and software companies (particularly those involved in e-commerce), investment funds, banks, law firms and various public bodies. The team is led from Madrid by Miquel Montañá, a dispute resolution-focused lawyer with expertise in the healthcare and life sciences sectors, alongside multi-jurisdictional disputes specialist Josep Montefusco. Senior associate Juan Cuerva de Cañas has notable experience in copyright and digital environment work.

Practice head(s):

Miquel Montañá; Josep Montefusco

Other key lawyers:

Juan Cuerva de Cañas

Testimonials

‘In depth knowledge of the subject matter and how to apply it to the local legislation.’

‘Their business acumen made it very easy and efficient for us to work together.’

Key clients

GFI – Groupe Français d’Informatique

DWF

Ajuntament de Barcelona

Ponooc

LZ Labs GMBH

Centros Comerciales Carrefour

Intermon Oxfam

Intellectual property: patents Tier 1

Clifford Chance's Barcelona-based patent team handles the full range of patent-related disputes, including cross-border litigation and arbitration, regional enforcement programmes and licensing. The team has particular strength in patent enforcement for healthcare and life sciences clients, acting for major multinationals in these sectors, as well as household name technology and communications companies such as Nokia. The highly experienced Miquel Montañá leads the team, with an excellent record in cross-border patent disputes, alongside Josep Montefusco, who is strong in both advisory and contentious work. Counsel Isabel Carulla is experienced in multi-jurisdictional patent disputes.

Practice head(s):

Miquel Montañá; Josep Montefusco

Other key lawyers:

Isabel Carulla; Manel Santilari

Testimonials

‘Extreme strength in depth. As one of the world’s largest firms they will always have someone who is expert in a particular area.’

‘I work with Miquel Montana, Isabel Carulla and Manel Santilari. All are excellent lawyers with an in depth knowledge of Spanish patent law and good contacts in (and understanding of) the local legal ecosystem.

‘They are the best team in Spain led by the unrivalled Miquel Montana.’

‘Miquel Montana is the best there is.’

‘They are simply the best Spanish IP litigators, both in counselling and in representation before court. Qualitatively, they are the best.’

‘Josep Monetfusco is very good.’

‘Miquel is an incredibly sharp mind, very experienced, and a great fighter for his client’s interests in court. You could not wish for a better lawyer.’

Key clients

Bayer

Novartis

Ucb Pharma

Astrazeneca

Sanofi

Bial-portela

Merck, Sharp & Dohme

Vivo Communication Technology

F. Hoffman-la Roche

Glaxosmithkline

Pfizer

Janssen

Amgen

Eli Lilly

Samsung

Genomics Health

Nuu Mobile

Henkel

Unilever

Illumina Inc.

Edwards Lifesciences Ltd.

Nokia

Private equity Tier 1

Noted for its 'extensive deal experience', Clifford Chance is well recognised as a leading player in the Spanish private equity market; the firm has recently advised on a number of deals that exceed the €1bn mark. Its client base of major national and international private equity houses turn to the team for advice on domestic and multi-jurisdictional transactions. Javier Amantegui leads the sizeable team, which includes Samir AzzouziGuillermo Guardia and counsel Ana Torres, who advises on the establishment and structuring of private funds.

Practice head(s):

Javier Amantegui

Other key lawyers:

Samir Azzouzi; Guillermo Guardia; Ana Torres; Jorge Martín; Javier Olábarri; Javier Hermosilla; Luis Alonso

Testimonials

‘I think the technical skills combined with the practical / deal oriented approach the team members have at CC are outstanding and this combination is not that easy to find. ’

‘Javier Amantegui and Javier Olabarri are exceptional lawyers in terms of problem solving, technical drafting skills and negotiation. They are always available to help and very proactive in their approach.’

‘Extensive deal experience, which provide a wide range of solutions in the PE arena. Quick response, which is fundamental for deal execution’

‘Team fully available. Focus on deal execution.’

Javier Amantegui is the leading partner of the Madrid office, with extraordinary PE experience.’

Provide quality advice that goes beyond pure deal-level issues. Really know the market and become trusted advisors.

Always practical and happy to challenge the client when necessary.’

‘Javier Amantegui and Luis Alonso are particularly good. Work tirelessly to get the best result and really appreciate the broader commercial picture when giving advice or proposing solutions.’

Key clients

Advent

Apax

APG

Ardian

Artá Capital

Asterion

Bridgepoint

Brookfield

Cinven

Corporación Financiera Alba

Cube Infrastructure

EQT

First State Investments

Global Infrastructure Partners (GIP)

Goldman Sachs Infrastructure Partners (GSIP)

IFM Investors

KKR

Lone Star

Macquarie Infrastructure and Real Assets (MIRA)

Mirova

OMERS Infrastructure

Ontario Teachers’ Pension Plan

Partners Group

PGGM

Värde Partners

Projects and energy Tier 1

Clifford Chance's strong banking and finance practice coupled with its impressive regulatory expertise in the energy sector make it well placed to advise commercial lenders and project sponsors on the financing of major energy projects. The firm's M&A practice is also of note, and the projects team is regularly involved in large-scale acquisitions of renewable energy assets. Contentious work also features, including ICSID arbitration proceedings against the Kingdom of Spain. Names to note in the sizeable team include banking and finance practice head José Guardo, corporate department head Javier García de Enterría, Luis Alonso, Javier Amantegui, Samir AzzouziJosé Luis Zamarro and Jaime Almenar, who heads the public law team.

Practice head(s):

Jaime Almenar; José Guardo; José Luis Zamarro; Luis Alonso; Javier Amantegui; Samir Azzouzi

Other key lawyers:

Clara Alcaraz; Marc Casas; Eduardo Sánchez

Key clients

Banco Santander

Ardian

ACS Group

Endesa

Iberdrola

Deutsche Bank

European Investment Bank

Corporación Andina de Fomento

Enagas

Redexis

Allianz Global Investors

Falck Renewables

Total

Grenergy

Solarpack

OPDE Group

Public law Tier 1

With ‘versatility and excellent knowledge’, Clifford Chance is well versed across the ‘breadth of areas’ in public law. Clients include corporations, banks and financial entities, governments, public companies, international development organisations and infrastructure funds. As well as providing a strong practice in public sector financing, the practice also assists in negotiations with regulators. Litigation experience in the area covers public contracts and infrastructure, telecoms, energy, life sciences and financial regulatory matters. Jaime Almenar leads the team and specialises in energy regulation, telecoms, financial regulation, public procurement and market unity. Also noted are José Luis Zamarro, counsel Carme Briera and senior associate Clara Alcaraz.

Practice head(s):

Jaime Almenar

Other key lawyers:

Clara Alcaraz; José Luis Zamarro; Carme Briera

Testimonials

‘Excellent knowledge of the sector and adaptation to business demands.’

‘Its versatility and excellent knowledge of the business. The breadth of areas also facilitates the development of legal actions.’

Key clients

METRO LIGERO OESTE

BANCO SANTANDER

IBERDROLA

ENDESA

PFIZER ESPAÑA

IBERPOTASH

TACONIC CAPITAL

IFEMA

RED ELÉCTRICA DE ESPAÑA, S.A.

BRITISH TELECOM

EVOLUTIO CLOUD ENABLER

ARES CAPITAL, S.A. / GRUPO MOOVE

CELLNEX

KING STREET, TACONIC, SVP AND ATTESTOR

Real estate and construction Tier 1

With ‘high professionalism and extensive knowledge of the market’, Clifford Chance advises on corporate acquisitions, joint ventures, portfolio acquisitions, disposals and development projects. The firm’s international network enables the practice to advise on cross-border transactions for a range of clients, including international funds, fund managers, SOCIMIs, banks, private equity houses, property companies, developers and hotel operators. Other areas of expertise include project management and regulation in the real estate sector. Carlos Portocarrero leads the team and specialises in real estate joint ventures, large sale and leaseback deals, acquisitions and disposals of REO and NPL portfolios, and acquisitions of developer companies and real estate companies. Key names in the team are real estate expert María Pradillo and Angel Vizcaíno, who advises on the sale, purchase, development and leasing of hotels and commercial, logistics and office premises.

Practice head(s):

Carlos Portocarrero

Other key lawyers:

María Pradillo; Angel Vizcaino; Andrés Berral; Paula Navarro

Testimonials

‘High professionalism. Extensive knowledge of the market. Resolution of problems in advance.’

‘Paula Navarro demonstrates high excellence in work, technical knowledge and total availability to the client.’

‘The Real Estate and construction team is very coordinated and the workload is well distributed between the partners/associates.’

Key clients

Banco Santander

BBVA

Blackstone

Cerberus

Unibail Rodamco Westfield

Bentall GreenOak

Autonomy Capital

Orion Capital Managers

Prologis

ECE Group

Hellenic Bank

Swiss Life

Primonial

Tilden Park Capital

Kennedy Wilson

FREO

Capital markets: Equity Tier 2

Advising across the spectrum of equity and equity-linked capital markets products, Clifford Chance has experience in public offerings, rights issues, convertible bonds, private placements, regulatory capital and corporate hybrids. Clients include financial institutions and corporates, and the team also has expertise in SOCIMIs. The firm also utilises a range of innovative tools, notably Kira, a document analysis tool; and CC Dr@ft, an automated document assembly system. The team is led by debt and equity capital markets expert Yolanda Azanza; José Manuel Cuenca, who specialises in securitisation, derivatives, structured finance and debt capital markets; Eduardo García, who advises on structured debt and lending; Javier García de Enterría, who focuses on equity capital markets; and head of the Madrid-based English law capital markets team Antonio Henríquez.

Practice head(s):

Yolanda Azanza; José Manuel Cuenca; Eduardo García; Javier García de Enterría; Antonio Henríquez

Other key lawyers:

Francisco Pizarro

Key clients

ACS/Cobra Instalaciones y Servicios

Qatar Airways Group Q.C.S.C.

Ivanhoé Cambridge

Environment Tier 2

A cross-practice team of multi-disciplinary lawyers assists Clifford Chance's clients on matters of environmental law. Providing advice on the environmental aspects of projects, finance deals and M&A makes up a sizeable share of the team's instructions, with Grenergy Renovables, Iberdrola and a number of multinational banks among its clients in 2020. Further expertise comes in environmental claims and litigation, as well as risk and liability assessment, and aside from the energy sector, the firm is a popular choice for companies in the mining, chemicals and life sciences sectors. Jaime Almenar is the practice head, with extensive knowledge across all areas of public law, while head of banking and finance José Guardo contributes his extensive knowledge of energy projects.

Practice head(s):

Jaime Almenar

Other key lawyers:

José Guardo; Carme Briera; Clara Alcaraz; José Luis Zamarro

Key clients

ENDESA

ATLAS RENEWABLE ENERGY

ENEL GREEN ENERGY POWER

DEUTSCHE BANK

ENDESA ENERGÍA

COMUNIDAD DE RIEGOS DE ARAGÓN

ICL GROUP/ IBERPOTASH

GRUPO VILLAR MIR

COBRA

BANCO DE SANTANDER

TOPLAND INVESTMENTS

Industry focus: TMT Tier 2

Clifford Chance draws on lawyers from across its departments to provide a comprehensive service to an impressive telecoms client base. Telefonica, Masmovil and Cellnex are among the companies that look to the services of the team, which is co-ordinated by telecoms and tech regulatory expert Jaime Almenar and often collaborates with the firm's wider office network. Carme Briera is also a key contact for telecoms regulatory matters.

Practice head(s):

Jaime Almenar

Other key lawyers:

Carme Briera

Key clients

TELEFONICA

MASMOVIL

CELLNEX

VODAFONE

KKR/Telxius

EVOLUTIO CLOUD ENABLER

BT

GFI

Insurance Tier 2

The ‘consistent and available’ insurance department at Clifford Chance ensures ‘great technical skills in the context of a global firm’. The firm is well versed across a range of insurance, reinsurance and pension funds matters, spanning M&A, company law, corporate restructuring, administrative and regulatory law. The team specialises in high-value, multi-jurisdictional insurance and reinsurance transactions, and is also active in insurtech and litigation. Leading the team are Jaime Velázquez, who focuses on M&A and corporate finance, particularly in regulated sectors such as the insurance sector; litigation expert Fernando Irurzun; associate Fernando Giménez-Alvear, who acts in judicial and arbitration proceedings related to the insurance market; and senior associate Miguel Barredo, who advises banks, insurers and other financial services companies. Former practice head Jaime Sánchez left the firm in 2020 for an in-house position at Medvida.

Practice head(s):

Jaime Velázquez; Fernando Irurzun; Fernando Giménez-Alvear; Miguel Barredo

Testimonials

‘The Clifford Chance team, in the operation that advised us, in addition to a perfect treatment of its clients, knew how to anticipate events, anticipating possible reactions from the other parties involved and from the regulator, leading the other teams of counterparts’ attorneys in a complex operation, uniting and integrating the wills, not entirely coincident, of all parties, to bring the operation to a successful end.’

‘Preparation is the great strength and uniformity of the people who work. They are all good.’

‘The education of lawyers and their preparation. Fernando Irurzun.’

‘Tremendous effort and work capacity, always with the highest quality.’

‘Always an excellent attitude, commercial and problem-solving capacity, always with the utmost rigor.’

‘Clifford Chance, apart from its capacity in transnational operations thanks to its geographical presence, has a specific insurance team that probably makes it the most qualified firm among firms not exclusively dedicated to insurance. This, combined with the strength in other practices such as commercial or private equity, allows it to add value to the client in a wide range of aspects when facing a transaction.’

‘Cliffoird Chance ensures great technical skills in the context of a global firm that ensures availability of resources.’

‘The team is very professional and at the same time close and always accessible, even if it is for questions that do not have to do specifically with the commission contracted.’

Key clients

Abanca

Admiral

Amour Group Limited

AXA Partners

AXA XL

Bankia

BT

CaixaBank

Carrefour

Domestic & General

Fidelidade

Future Pipe Industries

General Electric Power

JP Morgan

L&G

Mapfre

ReAssure

Reliance National Insurance Company

WiZink Bank

Zurich

Restructuring and insolvency Tier 2

Acting for a mix of national and international banks, financial investors and corporates, Clifford Chance provides expertise in restructurings through loans, bonds and equity-linked instruments. The firm also has a full English law capacity and experience in a range of complex insolvency matters. Eduardo García, Epifanio Pérez and Rodrigo Uría specialise in refinancing, restructuring, structured finance, acquisition finance, project finance and general bank lending. They co-lead the team with Iñigo Villoria, who acts for creditors and debtors in insolvency proceedings, debt restructuring deals and the sale and purchase of assets in insolvent companies. Senior associates Alexandra Borrallo and Felipe Font are also recommended for litigation and finance, respectively.

Practice head(s):

Eduardo García; Epifanio Pérez; Rodrigo Uría; Iñigo Villoria

Other key lawyers:

Alexandra Borrallo; Felipe Font

Key clients

Banco Santander

Bankia

BBVA

Caixabank

Codere

DIA

Eroski

HSBC

Pepe Jeans

Magnetar Capital LLC

Tax Tier 2

Clifford Chance is well regarded for being ‘technically very solid, outstanding in finding alternatives when problems get stuck and enormously empathetic’. The firm has particular expertise in tax advice related to REITs, private banking, wealth management, M&A, corporate restructuring and debt capital markets, as well as in tax litigation issues. Known for its strength in cross-border matters, the practice is especially active in Latin America, acting for funds, banks and sovereign funds. Pablo Serrano de Haro advises on a range of tax matters, including the structuring of investments, real estate funds, debt funds and equity funds. Other key names in the area are counsel Roberto Grau, who specialises in the tax aspects of capital markets, banking and finance transactions; and associate Mónica Fernández, who demonstrates ‘knowledge and professionalism’ and has an ‘indescribable capacity for work, making precision the norm’.

Practice head(s):

Pablo Serrano de Haro

Other key lawyers:

Roberto Grau; Fernando Escribano; Julia Villalón; Mónica Fernández; María Leivar

Testimonials

The Clifford Chance team, in addition to excellent technical rigor, stands out for its versatility, knowledge of market operations and the search for imaginative solutions. It is in that sense one of the best law firms that exist.’

‘Pablo Serrano stands out for his tax technique, imaginative solutions and the establishment of bridges for the best agreements.’

CC’s tax team is extraordinarily competent in the field of Corporation Tax (corporate restructuring operations) and in real estate taxation derived from this type of operations, both direct and indirect taxation (VAT and ITP and AJD) and local. I would highlight its ability to anticipate and detect possible tax risks in the design and execution of operations and its proactivity in minimizing them. They are of my absolute confidence. Among the best tax teams in Spain, without a doubt.’

‘Pablo Serrano is always available to answer to any questions at any time. He goes straight to the point. He is also very honest and does not pretend to have an immediate answer if he needs time to investigate. Pablo makes a very technical concept clear to understand for a non-specialist like me. Moreover, it is quite unique to have a lawyer very business-oriented. He has a good vision of what is market practice, what risk you can take or not.’

‘I have worked with the CC tax team on multiple deals and they have never disappointed me. With a proactive approach and an eye for detail, they make sure our position is taken care of from the start of the deal till the end.’

‘Julia Villalon: Always very responsive and clear in her advice/explanation. Also Pablo Serrano is closely involved and very knowledgeable and professional. ’

Good coordination, quick response, more coordinated.’

‘Monica Fernandez and Pablo Serrano: quick and competent answers to questions about tax issues.’

Key clients

Cerberus

Autonomy Global Opportunities S.a.r.l.

Hadley Investments SOCIMI, S.A

Union Investment

GreenOak

Värde Partners

Santander

Rialto Capital Management

Orion Capital

LaSalle Investment Capital

Ivanhoé Cambridge Inc.

Real I.S. AG Gesellschaft für Immobilien Assetmanagement

Aliseda, S.A.

Intellectual property: Trade marks Tier 3

Clifford Chance's Barcelona-based IP team offers a broad contentious and advisory service in trade marks, with a focus on clients in the healthcare and life sciences sectors, including several multinationals. The team is led by Miquel Montañá, an experienced IP litigator with notable expertise in multi-jurisdictional disputes, alongside Josep Montefusco, who specialises in unfair competition and advertising law.

Practice head(s):

Miquel Montañá; Josep Montefusco

Key clients

Bayer

Novartis

Ucb Pharma

Astrazeneca Farmacéutica

Sanofi

Bial-portela

Vivo Communication Technology

F. Hoffman-la Roche

Glaxosmithkline

Pfizer

Janssen

Amgen

L’oréal España

Honda Motor Co.

Tlmk Servicio De Marketing Telefónico, Sl

Nuu Mobile

Henkel

Unilever

Illumina Inc.

Edwards Lifesciences

White-collar crime Tier 3

Clifford Chance's Madrid office counts a number of major corporates and financial institutions among its clients. The white-collar crime, compliance and investigations team has seen growth, including with the arrival of associate Sonsoles Callejo in 2019, and is well versed in internal investigations and criminal proceedings involving allegations of corruption, fraud, falsehood of financial documents and tax crimes. Carlos Zabala is the key partner.

Practice head(s):

Fernando Irurzun; Carlos Zabala

Other key lawyers:

Sonia Trendafilova; Sonsoles Callejo

Testimonials

‘It is a truly multidisciplinary team, with in-depth knowledge of the various matters that can affect the company.’

‘The lawyer we work with the most is Carlos Zabala. What we value the most is the availability, 24 hours a day, 7 days a week without exception. It is a practice in which problems can arise at any time for which you need to have your lawyer.’

Key clients

Airbus

Swedbank

Glencore

Vingroup

BT España

Värde Partners Europe Limited Partners

Samsung Electronics Iberia, S.A.U.

Saint Gobain

Employment Tier 4

Drawing on the firm's international footprint and reputation, the Clifford Chance Madrid-based employment team is often engaged in litigation, and also advises on relevant elements of corporate transactions. Counsel Juan Calvente co-ordinates the group, with Efraina Fernández and Jorge Martín-Fernandez being the key senior associate-level contacts, all involved in assistance to international clients in 2020 on Covid-19 related matters.

Practice head(s):

Juan Calvente

Other key lawyers:

Efraina Fernández; Jorge Martín-Fernandez

Testimonials

‘The Clifford Chance team work very collaboratively with their clients. When you work with the team you feel assured you are getting the best specific dedicated legal advice. They are very much trusted advisors on labour law in Spain.’

‘Great technical capacity and outstanding practical implementation. I would highlight Efraina Fernández, an exceptional associate with great experience and know-how in all kinds of situations.’

‘Juan Calvente and Efraina Fernández both deserve a mention as trusted advisors. They are both leaders in their field, which helps them deliver the highest quality strategic input for their clients. They are both very collaborative, always available to meet their clients’ business requirements.’

‘Efraina Fernández and Juan Calvente are always very swift to reply who quickly grasp the situation. They are also quick to find pragmatic solutions.’

‘The Clifford Chance labor team in Spain knows perfectly the client’s needs.’

‘Juan Calvente is an excellent lawyer and a very rigorous advisor on complex issues that require great attention to detail. He is also a very valuable collaborator in collective bargaining, due to his vast experience and his balance in tackling complex issues.’

‘Efraina Fernández, has a great knowledge of matters related to human resources, knows very well that area in other companies, in addition to being a very good litigator.’

‘Jorge Martin-Fernández is an excellent collaborator in matters of compensation, salary calculations and concepts, knowledge of various laws, and advice on very complex contractual matters, which he tackles with great rigor and audacity.’

Key clients

NOMURA

CITIGROUP

VARDE/WIZINK

SCHRODERS & CO BANK

PFIZER

CUBICO SUSTAINABLE INVESTMENTS

BANDAI

MADES

INTRUM

UNICREDIT

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 Javier García de Enterría specialises in corporate matters and equity capital markets.…
 Carlos  Hernández-Canut  photo Carlos  Hernández-Canut Carlos Hernández-Canut’s main areas of practice are finance law, including banking and…
 Alberto Manzanares  photo Alberto Manzanares Alberto Manzanares has over 30 years’ professional experience in the banking sector…
 Miguel Odriozola  photo Miguel Odriozola Miguel Odriozola is the Head of the Clifford Chance Antitrust team in…
 Carlos  Portocarrero de las Heras  photo Carlos  Portocarrero de las Heras Carlos Portocarrero de las Heras specialises in joint ventures, bidding process, sale…
 Jaime Velázquez  photo Jaime Velázquez Jaime Velázquez specialises in M&A and corporate finance, mainly focused in regulated…
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