Allen & Overy > Madrid, Spain > Firm Profile

Allen & Overy
Serrano 73
28006 MADRID
Spain

Spain > Banking and finance Tier 1

Bringing together ‘exceptional technical capacity, excellent responsiveness and quality in advice‘, the banking and finance practice at Allen & Overy is one of the first ports of call in Spain for international banks, funds and major companies seeking assistance in large-scale financing deals. The infrastructure and energy sectors have been key areas of focus for the practice, which continues to attract a variety of instructions, from leveraged finance to debt restructuring. ‘A reference in the banking and finance area’, Ignacio Ruiz-Cámara possesses a wealth of experience in the entire spectrum of banking and finance matters, but stands out for his track record in the financing of the acquisition of non-performing loan (NPL) portfolios and structured finance transactions. Juan Hormaechea is a leading figure for funds-related work, while Jimena Urretavizcaya is particularly skilled in leveraged finance, real estate financing and restructurings. Banks, investment firms, fund management companies, private equity, insurance and pension funds regularly turn to Salvador Ruiz Bachs for advice on financial services regulatory issues. Other noteworthy practitioners include English law partner Charles Poole-Warren, a name to note for cross-border deals, project finance specialist Vanessa Cuellas, and Thomas Wilkinson, who is singled out for his knowledge of investment grade loans and export financings.

Practice head(s):

Ignacio Ruiz-Cámara

Other key lawyers:

Testimonials

‘A&O is a firm recognised for its excellence and experience in various legal areas. The group stands out for the quality of its work, deep knowledge, interdisciplinary skills, as well as its close relationship with the in-house legal team.’

‘A&O lawyers are characterised by their deep legal knowledge, close treatment with the lawyer, full availability and quality of advice. They stand out for their international experience and ability to provide international legal solutions. The firm has outstanding partners and associates, including Salvador Ruiz Bachs.’

‘The team is excellent, especially in terms of treatment and work. They work very hard to meet tight deadlines and close deals.’

‘Kindness and availability. At the same time, they are also very autonomous when it comes to working, which makes everyone’s work easier.’

‘Presence of senior lawyers throughout the process gives the client comfort that the transaction in question is a priority for the firm in the same way as it is for the bank.’

‘Closeness, availability, added value in terms of structuring ideas, critical vision; don’t get carried away by the foam and help us be critical.’

‘The team brings together exceptional technical capacity, excellent responsiveness and quality in advice; exceptional client service and treatment; knowledge and interest in knowing the client’s needs and achieving a satisfactory result in the transaction.’

‘Ignacio Ruiz-Cámara is a reference in the banking and finance area. He has exceptional human and technical capacity, exceptional management of transactions and always defends the client’s interests.’

Key clients

Banco Santander

Caixabank

Citibank

BBVA

Société Générale

Intermediate Capital Group (ICG)

Igneo Infrastructure Partners

CVC

Sacyr

Iberdrola

Parkia

Royal Bank of Canada

Banco Sabadell

Single Resolution Board

Enagás

Repsol

EQT

EDP Renovaveis

Deutsche Bank

Work highlights

  • Advised Repsol on the financing aspects of the sale of 25% of its upstream business (E&P Exploration & Production) worldwide, including part of the prior reorganisation that had to be conducted in order to sell the E&P business.
  • Assisted Adamo in the process of increasing the financing they already had in place for an amount of €300m committed and €50m uncommitted increasing the financing granted under the existing facilities agreement to €1bn.
  • Acted as legal advisors to a syndicate of lenders, led by National Westminster Bank, Plc. in the granting of a €2.296bn facility to Igneo (Finerge entities) for the purposes of refinancing outstanding debt of the group which was used to finance sustainability projects.

Spain > Capital markets: Debt Tier 1

Commended for its ‘deep knowledge and interdisciplinary skills‘, Allen & Overy continues to cement its place among the leading DCM players in Spain. A go-to destination for both underwriters and issuers, the practice provides Spanish and English law advice on the entire spectrum of DCM mandates, including standalone bonds, debt programmes, hybrid capital, derivatives and structured finance. Salvador Ruiz Bachs, ‘an exceptional, close and technical‘ partner who brings together expertise in regulatory and contractual issues involving a wide range of financial products, and English law-qualified Charles Poole-Warren, a name to note for sophisticated debt offerings in Iberia, are at the helm of the practice. On the securitisation front, the team is often instructed by originators, issuers, arrangers and collateral managers; Ignacio Ruiz-Cámara, whose areas of expertise include covered bonds, and counsel Alfonso Gutiérrez, who focuses on asset securitisation deals and debt issuance programmes, take the lead on this type of work. Cristina Pablo-Romero, a key contact for DCM, derivatives and fintech matters, and Alvaro Rojo, who regularly handles green bonds, hybrid instruments and commercial paper programmes, stand out at the senior associate level.

Practice head(s):

Ignacio Ruiz-Cámara; Charles Poole-Warren; Salvador Ruiz Bachs

Other key lawyers:

Testimonials

‘Salvador Ruiz Bachs is an excellent partner and has a team of committed and technical lawyers who are always available and respond quickly to the most complex issues.’

‘Salvador Ruiz Bachs is an exceptional, close, and technical lawyer.’

‘Solid knowledge and a reliable team, who are always willing to assist and anticipates clients’ needs.’

‘I have been working with the debt capital market team for many years and they are always reliable and willing to assist. They stand out for their knowledge of different instruments and market experience. Álvaro Rojo is always on the ball ’

‘Salvador Ruiz Bachs is a pleasure to work with, he has a rare combination of enthusiasm and great knowledge of the subject.’

‘A&O is a firm recognised for its excellence and experience in various legal areas. Its team stands out for the quality of its work, its deep knowledge, interdisciplinary skills, as well as its close relationship with the in-house team.’

‘A&O lawyers are characterised by their deep legal knowledge, close treatment with the lawyer, full availability and quality of advice. They stand out for their international experience and ability to provide international legal solutions. The firm has outstanding partners and associates, including Salvador Ruiz Bachs.’

‘International firm with solid knowledge of local law.’

Key clients

Banco Santander

Nomura

Santander Consumer Finance

Goldman Sachs

Govern d’Andorra

European Investment Bank

Bankinter

Societé Générale

Fomento de Construcciones y Contratas, S.A.

PSA Financial Services Spain, E.F.C., S.A.

Work highlights

  • Acted as sole legal counsel in connection with the establishment of Ferrovial, S.A. Sustainability Target Euro-Commercial Paper Programme for the issuance of up to €1.5bn in aggregate principal amount of commercial paper notes.
  • Acted as legal advisers to BBVA in connection with the issuance of its € 1bn AT1 convertible securities.
  • Advised BNP Paribas and Banco Santander as Arrangers and Joint Lead Managers on the first green securitisation in Spain and one of the very few in the European Union.

Spain > Commercial, corporate and M&A Tier 1

Allen & Overy is regularly turned to by an impressive roster of international and Spanish blue-chip clients across a variety of industries, including energy, infrastructure, TMT, life sciences and real estate, to name a few. The ‘highly prepared team‘, which is equally adept in public and private M&A deals, showcases strength in high-value, and cross-jurisdictional mergers, acquisitions, disposals, and strategic joint ventures. At the helm of the practice sits Iñigo del Val, a seasoned M&A and private equity practitioner, who is especially proficient in transactions involving the infrastructure and energy sectors. These are also key areas of focus for Ignacio Hornedo, whose broad knowledge covers all aspects of corporate and M&A work, from high-value deals to corporate reorganisations. Both listed and closely-held businesses routinely seek Bosco de Checa‘s assistance in transactional matters concerning the infrastructure, energy and media segments. Other noteworthy individuals include Reka Palla, who has recently advised on a number of significant M&A deals in the Spanish market, and Patricia Figueroa, who handles a mix of M&A deals, asset transfers and commercial contracts.

Practice head(s):

Íñigo del Val; Ignacio Hornedo; Bosco de Checa

Other key lawyers:

Pablo Méndez; Reka Palla; Patricia Figueroa; Nicolás Sierra

Testimonials

‘Very professional. Great experts in M&A. With a great vocation for service. Among the best in Spain.’

‘I highlight Bosco de Checa as a partner of the corporate team. A reference for good service.’

‘Highly prepared team, with a lot of experience in this space. Ability to question the client’s approach in an attempt to improve them. They integrate well with client teams and adapt to client dynamics.’

‘Iñigo Del Val is a born leader, with a great ability to focus on essential issues. Bosco De Checa is a great lawyer, very prepared and with a great disposition towards the client.’

‘I would especially highlight Ignacio Hornedo and Patricia Figueroa’s  professionalism, knowledge, empathy and proactivity.’

‘Iñigo del Val is an excellent professional.’

Key clients

Repsol

Siemens Gamesa

Igneo Infrastructure Partnes

Saudi Aramco

AD Ports

Iberdrola

Intermediate Capital Group

Mediapro

EQT

APG

Banco Santander

Acciona

Softbank

Sabadell

Thales

Abertis

Work highlights

  • Advised Repsol on the sale of 25% of its upstream business (E&P Exploration & Production) worldwide, assisting with part of the prior reorganisation that had to be conducted in order to sell the E&P business.
  • Acted for FCC in the sale of 24.99% of its environmental subsidiary, FCC Servicios Medio Ambiente Holding, S.A.U., to the Canadian pension fund CPPIB.
  • Advised Cepsa on the sale of a minority stake in Cosmo Abu Dhabi Energy Exploration & Production to TotalEnergies.

Spain > Dispute resolution Tier 1

Allen & Overy‘s dispute resolution department continues to be a dominant force for litigation advice in Spain. In addition to arbitration and special situations practice, the firm also houses strong corporate and financial litigation teams, covering contentious matters arising from shareholders, joint venture and post-M&A disputes, as well as corporate and contractual controversies. The offering takes a multijurisdictional approach, regularly coordinating with the firm's offices in Paris, Luxembourg, Brussels, Hong Kong, and New York. Standing at the helm of the team is Antonio Vázquez-Guillén, who currently represents numerous investors in investment ECT (Energy Charter Treaty) claims against the Spanish government and is a key point of contact for major financial institutions in insolvency and white-collar crime cases. Other key names to note include Javier Mendieta, who focuses on disputes related to real estate, construction, and M&A, and Javier Castresana, an expert in financial litigation. Counsels Emma Morales and José Luis Terron are also active key members.

Practice head(s):

Antonio Vázquez-Guillén; Javier Mendieta; Javier Castresana

Other key lawyers:

José Luis Terrón; Emma Morales; Pablo Torres; Agustina Álvarez Olaizola; Alexandre Fichaux

Testimonials

‘Good relationship with other firms in pre-litigation environments, which helps to achieve an amicable solution. The team has good relationship with authorities, good knowledge of the sector and creativity to seek alternative solutions’

‘Antonio Vázquez Guillén is the responsible partner and, in addition to a good knowledge of the sector and regulation, he has had commercial ability to seek a negotiated solution to what, otherwise, would have become a lawsuit. Qualities: commercial vision and creativity.’

‘The A&O litigation team perfectly combines great technical quality and unique procedural skills with great client empathy.’

‘José Luis Terrón stands out for his great technical quality, his strategic vision and his ability to put himself in the shoes of his clients, perfectly understanding their needs.’

‘Ability to focus on what is relevant and resolve complex issues. Both Antonio Vázquez Guillén and José Luis Terrón demonstrate, in particular, great availability and quick response. ’

‘Allen’s litigation team is especially agile in its responses. This speed is not contrary to the existence of a deep analysis in their responses. The firm’s proficient in especially complex matters that require the involvement of various teams.’

‘Antonio Vázquez Guillén is especially brilliant in designing attack and defence strategies in complex matters. Its coordination with NY teams makes dealing with the matter much easier for a Spanish company.’

‘A&O is distinguished by the legal level of the lawyers who understand the practice and their approach to business law, by knowing how to advise the client and offer them the alternative that they believe best suits their needs.’

Key clients

Repsol

Iberdrola

Bridgepoint

Banco Santander

EDPR

Cepsa

DIA

FCC

OHLA

Acciona

Globalvia

Mubadala

BBVA

Abarca Companhia de Seguros

Work highlights

  • Acting for Banco Bilbao Vizcaya Argentaria, S.A., as majority shareholder of Distrito Castellana Norte, S.A. (currently named Crea Madrid Nuevo Norte, S.A.), in an arbitration brought by the two minority shareholders, Merlin Properties Socimi, S.A. and Desarrollos Urbanísticos Udra, S.A.U. (a subsidiary of Grupo San José) against Distrito Castellana Norte, S.A.
  • Acted for over 30 international investors in 12 ECT claims against the Kingdom of Spain.
  • Represented Mubadala / IPIC in the international arbitration arising out of the termination of the sponsorship agreement entered into between IPIC and Real Madrid Club de Fútbol in October 2014.

Spain > Restructuring and insolvency Tier 1

Allen & Overy excels in cross-border restructuring and insolvency matters, advising on key options such as U.S. Chapter 11 reorganisations, UK and Spanish schemes of arrangement, pre-packaged sales, and debt-for-equity swaps. Clients have praised these capabilities, emphasising that the firm’s ‘extensive international network is also very useful for matters with transnational elements.’ The client roster comprises domestic and international lenders and investors, corporates, governments, banks, hedge funds, and other financial institutions. The team, lauded as ‘committed, hard-working, honest and always willing to help and provide a solution‘, is jointly led by the ‘exceptionalJavier Castresana, who advises on Spanish schemes and debt restructurings; Jimena Urretavizcaya, who focuses her practice on restructuring, leveraged finance, and real estate finance matters; Juan Hormaechea, an expert in structured finance, acquisition financing, and equity derivatives; and Ignacio Ruiz-Cámara, who brings extensive experience in restructurings within the renewable energy and infrastructure sectors.

Practice head(s):

Javier Castresana; Jimena Urretavizcaya; Juan Hormaechea; Ignacio Ruiz-Cámara

Other key lawyers:

Sofía Sánchez-Calero

Testimonials

‘Team with great capabilities and very efficient. They have been collaborative, transparent, greatly facilitating the smooth development of the process at all times. It has been a pleasure for me to work with them. It was a process in which there were different debt instruments, ICO, Bonds, currency… and different profiles of creditors and they were able to organise all the debt by applying the new Reform of the Bankruptcy Law, with successful results.’

‘People are what makes this team outstanding. Committed, hard-working, honest and always willing to help and provide a solution, in addition to being great professionals with a very deep knowledge of the Bankruptcy Law Reform. I highlight Javier Castresana.’

‘Professionals with a deep level of knowledge and a very empathetic and close attitude and way of working, absolutely focused on the client’s needs. One of its differentiating factors is this closeness to the client and spirit of collaboration. Its extensive international network is also very useful for matters with transnational elements.’

‘Javier Castresana is an exceptional professional, standing out both for his depth of knowledge and for his way of being.’

‘One of the strong points is being very practical when approaching the issues to be discussed.’

‘Team highly specialised in bankruptcy and commercial law and with a great vocation for client service.’

‘The Allen & Overy team stands out for its experience in restructuring in Spain. Not only in relation to technical and theoretical issues, but also practical aspects, which makes them able to focus on what is truly important to successfully carry out operations. In addition, their network of contacts in the industry is very broad, which allows them to contrast points of view quickly.’

‘Experience, ability to separate what is important from what is accessory, extensive network of contacts in the industry. The work of Javier Castresana within the team stands out.’

Key clients

Banco Santander

Mediapro

Oquendo Capital

Pryconsa

Davidson Kempner

CaixaBank

Bain Capital

BBVA

Banco Sabadell

Carval

Bank of America

Deutsche Bank

Sareb

Farallon

Spain > EU and competition Tier 2

At Allen & Overy, the competition practice manages a diverse workload, adeptly handling merger control and high-profile infringement proceedings before the CNMC and Spanish courts. With over three decades' experience in this space, Antonio Martínez  advises on the entire spectrum of EU and competition matters, from merger control to cartel cases. Jaime Rodríguez helps major companies navigate multijurisdictional merger filings and abuses of dominance cases, while Enrique Ferrer is knowledgeable of antitrust proceedings and competition law compliance programmes.

Practice head(s):

Antonio Martínez

Other key lawyers:

Testimonials

‘Always available and willing to provide the advice and help necessary for the correct fulfillment of the obligations related to its practice.’

‘They seek to understand the real needs of the company in order to complement their advice with the other areas involved, providing a much more complete global service.’

‘Up-to-date with the latest technologies, and always keep the client informed of the main developments in their practice.’

‘Antonio Martínez, Enrique Ferrer and Anabel Blasco – capable of translating legal obligations into the language of the colleagues in transactions.’

‘An outstanding ally for our company.’

‘On the one hand, the flexibility and availability to adapt to the particular needs of each client, whose position in the market is always very specific. The team has the ability to understand the client’s business to anticipate problems arising.’

Key clients

Scania

Altadis (Imperial Brands)

Ecoembes

Repsol

EQT

Igneo

Nexi

KingStreet

Thales

Intermediate Capital Group

Casli

Work highlights

  • Defending Altadis S.A. in the cassation appeal before the Spanish Supreme Court where the CNMC was trying to overturn a judgment by the Audiencia Nacional that annulled some dawn raids carried out by the CNMC at Altadis premises.
  • Advising Ecoembes on CNMC’s alleged abuse of dominance infringement proceedings (S/0021/21, Subastas de Ecoembes).
  • Advised Repsol on the merger control aspects of the sale of a 25% stake of its exploration and prospection business to EIG.

Spain > Private equity Tier 2

The private equity team at Allen & Overy works on a considerable volume of high-value deals for many leading PE and asset management firms. Recognised as a leading figure in the Spanish PE market, Iñigo del Val draws on more than two decades’ experience in this space; his expertise covers traditional PE investments, LBOs, venture capital deals, as well as energy and infrastructure-related transactions. The latter is a key area of activity for Ignacio Hornedo, noted for his proficiency in both domestic and cross-border matters. Reka Palla stands out at senior associate level for her involvement in multijurisdictional deals.

Practice head(s):

Íñigo del Val; Ignacio Hornedo; Bosco de Checa

Other key lawyers:

Pablo Méndez; Reka Palla

Key clients

Intermediate Capital Group (ICG)

EQT

Igneo Infrastructure Partnes

Riverside

Bridgepoint

Macquarie

CVC

Apax

Masaveu

APG

Infravía

Work highlights

  • Advised Repsol on the sale of 25% of its upstream business (E&P Exploration & Production) worldwide to the private equity fund EIP.
  • Advised Intermediate Capital Group on the acquisition of Konecta by a new vehicle of ICG Fund VIII and the simultaneous acquisition of Comdata by Konecta.
  • Advised Igneo Infrastructure Partners (First Sentier Group) on the sale of the entire share capital of Parkia Spanish Holding, S.L.U., and indirectly, of its subsidiaries, to Indigo Infra, S.A.S.

Spain > Projects and energy Tier 2

The strong partner-led team at Allen & Overy stands out for its 'extensive experience' as well as 'commercial and operational knowledge' of the energy sector. A host of clients, ranging from financial entities to renewable energy companies, turn to the practice for advice on M&A, project finance and contentious issues. The firm fields a deep bench dedicated to projects and energy work: ‘authentic top professional’ Ignacio Ruiz-Cámara; the ‘exemplary’ Vanessa Cuellas, who assists with project development, finance and M&A in the energy and infrastructure sectors; public law specialist Pablo Mayor; Antonio Vázquez-Guillén, whose strength lies in litigation; project finance experts Charles Poole-Warren and Jimena Urretavizcaya; Iñigo del Val; and Ignacio Hornedo, who shines on corporate transactions. Senior associate Nuria Ferré is also recommended; she often acts for sponsors and lenders in the financing and development of infrastructure and energy assets.

Practice head(s):

Ignacio Ruiz-Cámara; Charles Poole-Warren; Jimena Urretavizcaya; Vanessa Cuellas; Antonio Vázquez-Guillén; Ignacio Hornedo; Pablo Mayor; Íñigo del Val

Other key lawyers:

Nuria Ferré; Emilio Martínez

Testimonials

‘Antonio Vázquez-Guillén: good knowledge of the sector and regulation, creative, imaginative, available.’

‘A&O stands out for its extensive experience and commercial and operational knowledge of the sector, which are key to understanding the issues and problems that arise. Exceptional quality of the partners, who are always available, and of the team in general.’

‘The best energy lawyers in the country are Vanessa Cuellas and Nuria Ferré. They understand the sector perfectly, control the entire business value chain, are always available and negotiate all types of contracts exceptionally.’

‘Consolidated and highly experienced team with a long track record in both sponsor and lender-side advice.’

‘Extensive experience, covering the widest spectrum of structures and solutions. Exemplary anticipation, availability and efficiency. Permanent updating and dissemination of knowledge in a detailed and exhaustive manner. Flexibility and creativity.’

‘Vanessa Cuellas is exemplary, active, decisive and integrative.’

‘Ignacio Ruiz-Cámara is one of the few authentic top professionals in the legal scene inside and outside of Spain. The firm could not have a better managing partner. Vanessa Cuellas is an excellent lawyer who is knowledgeable of the energy sector.’

Key clients

Banco Santander

Bruc Management

Matrix Renewables Spain

Citibank Europe

CaixaBank

Intermediate Capital Group

Acciona Energía

Infravia Capital Partners

OHLA

Adamo

Parkia

Repsol

Siemens Gamesa

Iberdrola

Cepsa

Matrix Renewables Spain

Work highlights

  • Advised Repsol on the sale of 25% of its upstream business (E&P Exploration & Production) worldwide, including part of the prior reorganisation that had to be conducted in order to sell the E&P business.
  • Acted for the syndicate of lenders, led by National Westminster Bank, Plc. in the granting of a €2.296bn facility to Igneo (Finerge entities) for the purposes of refinancing outstanding debt of the group which was used to finance sustainability projects.
  • Advised Igneo Infrastructure Partners on the financing aspects of the sale of the entire share capital of Parkia Spanish Holding, S.L.U., and indirectly, of its subsidiaries, to Indigo Infra, S.A.S.

Spain > Public law Tier 2

The public law department at Allen & Overy, which is ‘made up of highly qualified lawyers’, advises clients on all administrative and regulatory issues, with specific know-how in key sectors such as infrastructure, utilities, telecoms, financial markets, and transport. Practice head Pablo Mayor often acts for public and private entities in public procurement and public law litigation. Victoria Martín is proficient in contentious and non-contentious administrative law matters, and is routinely engaged by companies operating in highly regulated sectors.

Practice head(s):

Pablo Mayor

Other key lawyers:

Testimonials

‘The A&O team is made up of highly qualified lawyers who are extremely decisive when urgent queries have to be made. They have the capacity to prepare legal notes and reports, as well as to carry out the legal defence of litigation, which gives them high versatility. They do all of this with high quality and always meeting deadlines.’

‘Victoria Martín is a very outstanding lawyer in the public law team, who always provides quick, quality responses to urgent queries raised. She is a great specialist in sophisticated and highly complex litigation. Likewise, her availability towards the client is notable.’

‘Pablo Mayor is a great lawyer with very high knowledge of administrative law and the Public Administration, which gives him an added bonus compared to other professionals.’

‘Great knowledge of the field of public law.’

‘Pablo Mayor – unbeatable knowledge of the branch of administrative law and excellent client service. Victoria Martín – Great experience in public law.’

Key clients

Distrito Castellana Norte (Formerly Desarrollo Urbanístico Chamartín) (participated by BBVA)

Cellnex

MTV

Disney Channel

Abertis Infraestructuras and Abertis Autopistas

Iridium, Sacyr, Globalvia and Acciona

JCDecaux

Alsa

Orange Espagne

T-Systems

Work highlights

  • Advising Cellnex on administrative proceedings and contentious matters before the courts.
  • Advising Abertis on all matters regarding its public contracts and concessions in Spain.

Spain > Tax Tier 2

With a ‘very good knowledge of the market’, the tax practice at Allen & Overy is a popular destination for financial institutions, corporate entities, and funds seeking advice on a wide spectrum of tax disputes and transactional tax matters. The latter includes capital market transactions, restructuring, tax-based structured finance and real estate investments. The team is also proficient in the setting up of investment funds, particularly in the real estate sector, often working on a cross-border basis, leveraging the firm’s international network. Ishtar Sancho is a key member of the team, who has particular expertise in the tax aspects of high-value capital markets and financing transactions. Former practice head Adolfo Zunzunegui left the firm in November 2023.

Other key lawyers:

Ishtar Sancho; Juan José Sánchez

Testimonials

‘Very good knowledge of the market, of the interlocutors and clients. Very good technical skills. Very efficient and proactive.’

‘The A&O Madrid team works collaboratively in a collegiate manner to ensure that timely quality service is provided, is commercial and practical. They are pro-active, provide insight and use their experience to ensure that as a client we have sufficient understanding of the relevant issues to determine the course of action, or to evaluate and endorse the recommended course of action, with an appropriate briefing which is tailored based on the consequences and processes involved.’

‘Ishtar Sancho supports me and advocates tirelessly for me, even when counterparties are being challenging and / or unreasonable, and is able to interpret and communicate again at the right level from a technical, practical and commercial perspective.’

Key clients

Intermediate Capital Group

APG

Blackstone Real Estate Debt Strategies (BREDS)

Mediapro

Deutsche Bank

Signal Capital Partners

Santander Asset Management

PAI Partners

Citibank

LaSalle Investment Management

Fomento de Construcciones y Contratas, S.A.

Igneo Infrastructure Partners

Saudi Aramco

Morgan Stanley

UBS

Work highlights

  • Advised Intermediate Capital Group on tax issues regarding the creation of a global giant CX and BPO, through the acquisition of Comdata by Konecta (Project Kronos).
  • Advised Intermediate Capital Group on tax issues regarding the sale of Garnica to The Carlyle Group.
  • Advised APG on the tax aspects of the creation of a joint venture with Renta Corporación for the creation of the Socimi Wellder.

Spain > Capital markets: Equity Tier 3

Spain > Employment Tier 3

With extensive experience in HR policies, negotiation and modification of working conditions, compliance, investigations and litigation, Allen & Overy stands out for its ‘availability, speed and ability to analyse and solve problems’. Silvia Bauzá adeptly handles the employment aspects of M&A deals and is well versed in the corporate restructuring of domestic and multinational companies. At the associate level, Ana Hernández is engaged in collective bargaining, layoffs and litigation before labour courts and tribunals, the latter of which is a key area of activity for Jose Antonio Segovia.

Practice head(s):

Silvia Bauzá

Other key lawyers:

Ana Hernández; José Antonio Segovia

Testimonials

‘Availability, speed and ability to analyse and solve problems.’

‘I would highlight Ana Hernández and José Antonio Segovia. What differentiates them from competitors is the agility to respond to business needs without losing legal consistency.’

‘Proximity and interest in getting to know the client.’

‘Deeply focused on the needs of the client.’

‘Silvia Bauzá’s technical knowledge is outstanding, but her totally personalised attention to the client, involvement in each issue, effectiveness and speed in resolution is well above the average of any other labour partner with whom I have worked during my 25 years of professional practice.’

‘Very reactive and available at all times.’

Key clients

Tradition Financial Services S.A.U

Capgemini

Airbus Group (Airbus Helicopters, Airbus Defence and Space, Airbus Operations, and Airbus UpNext)

JTI

Clovis Oncology

Acciona

Aquila

Indra

Volvo Renault & Trucks

Forus Deporte

AD Ports Group

Softbank

EQT

Blackstone and Brookfield

Work highlights

  • Assisted Compagnie Financière Tradition (CFT) with the the implementation of complex remuneration schemes.
  • Acting for Capgemini in individual litigation and collective procedures.

Spain > Industry focus: TMT Tier 3

At Allen & Overy, ‘the team is commercial, dedicated and knows the sector very well‘. The firm’s TMT practice is led by local head of M&A Iñigo del Val and head of public law and regulated sectors Pablo Mayor, who are ‘highly skilled, commercial lawyers who know the market well and provide constructive and tailored advice’. The firm is a global leader in infrastructure M&A and development, and the Madrid office plays a key role in that work, having advised on high-value telecoms and digital infrastructure transactions in recent years. Private equity partner Ignacio Hornedo recently acted for Intermediate Capital Group in the €2bn acquisition of Konecta to create a leading Customer Business Process Outsourcing company.

Practice head(s):

Pablo Mayor; Íñigo del Val

Other key lawyers:

Testimonials

‘High technical qualification. Total availability and accessibility of partners and associates. Network of contacts in all areas of the public and private sector. Stand out for response and execution speed.’

‘The team is commercial, dedicated and knows the sector very well.’

‘Iñigo del Val and Bosco de Checa are both highly skilled commercial lawyers who know the market well and provide constructive and tailored advice to their clients.’

Key clients

Cellnex

Grupo Mediapro

Orange Espagne

T-Systems

Discovery

Disney Channel

EQT

Intermediate Capital Group

WPP

Cegid

Axión

Work highlights

  • Advised EQT on all the aspects of the sale process of Adamo Telecom and its group companies, a FTTH operator focused on rural areas.
  • Advised Intermediate Capital Group on the creation of a world leader in the Customer Business Process Outsourcing sector with local expertise of over 130,000 employees, through the acquisition of Konecta by a new vehicle of ICG Fund VIII and the simultaneous acquisition of Comdata by Konecta.

Spain > Real estate and construction Tier 3

Allen & Overy assists clients with the full scope of real estate matters, ranging from corporate transactions, to the development, planning and construction of projects. Santiago De Vicente leads the group, offering his expertise in restructurings, joint ventures and acquisitions. Javier González is regularly sought out for his extensive experience in tourism, commercial and renewable energy projects, while Lina Kondrushkina regularly works with international investment funds in cross-border real estate matters. The team has been bolstered by the recent arrival of Marta Orce from Gómez-Acebo & Pombo, whose experience in this space includes construction contracts and asset management.

Practice head(s):

Santiago de Vicente

Key clients

Thor Holdco City Link

MDSR Investments

APG

HIG

Goodman

PIMCO

P3

Centerbridge

Ara Venn

Citibank

Morgan Stanley

Work highlights

  • Advising Thor Holdco City Link Spain on the development process of a data centre with a capacity of 120MW over a 225,000 sqm plot of land in Fuenlabrada (Madrid).
  • Advising HIG Capital on the acquisition of different logistics projects located mainly in Guadalajara and Basque Country and on the setting up and financing of the development of the logistics platforms.
  • Advising P3 on the development and built to suit lease agreement with Groupe CAT as regards to a property with a Gross Leasable Area (GLA) of 28,251 sqm located in Illescas (Toledo).

At Allen & Overy, clients are at the heart of the firm’s strategy and we aim to build long-term relationships where we are completely trusted to handle clients’ most complex legal problems. As well as first-rate legal knowledge and expertise, the firm aims to bring strategic and commercial insight based on a deep understanding of our clients’ businesses. Allen & Overy’s deeply rooted sector expertise allows it to understand the broader business, not just legal, issues faced by clients.

A&O in Spain is one of the country’s leading legal practices. Its lawyers have both international experience and an in-depth knowledge of the local market. The firm can leverage the resources and skills of a highly integrated worldwide network. Its office is led by 19 top-tier partners, each of whom has an exceptional track record of success and achievements across a range of industry sectors, supported by a dedicated team of experienced lawyers.

The firm’s clients are its top priority and they include financial institutions, public entities, high profile Spanish companies and international corporations with interests in Spain and beyond.

As a global elite practice, Allen & Overy is at the cutting edge of international legal and commercial insights. The firm’s teams are able to offer clients the support and advice needed to succeed in the changing national and global markets.

Department Name Email Telephone
Litigation and Arbitration Antonio Vázquez-Guillén
Banking & Finance Ignacio Ruiz-Cámara
Employment Silvia Bauzá
Litigation, Restructuring and Insolvency Javier Castresana
Banking & Finance Vanessa Cuellas
Corporate, M&A and Private Equity Íñigo del Val
Real Estate Santiago de Vicente
Banking & Finance Juan Hormaechea
Corporate, M&A and Private Equity Ignacio Hornedo
Competition and European Law Antonio Martínez
Public Law Pablo Mayor
Litigation and Arbitration Javier Mendieta
Banking & Finance and Capital Markets Charles Poole-Warren
Banking & Finance, Financial Services Regulatory and Capital Markets Salvador Ruiz Bachs
Corporate, M&A and Capital Markets Fernando Torrente
Banking & Finance, Restructuring and Insolvency Jimena Urretavizcaya
Tax Adolfo Zunzunegui
Banking & Finance Thomas Wilkinson
Corporate, M&A and Private Equity Bosco de Checa
Patricia Razquin : Head of Marketing & Strategy, BD and Comms
Spanish
English

We’re committed to supporting a culture that drives diversity and inclusion. Every day, we’re working hard to create an environment where everyone feels that they can bring their authentic selves to work. To be comfortable and confident to be who they are in the workplace. To feel like they belong. To be All In. We continually listen using tools such as focus groups and surveys, alongside input from our affinity groups, to understand the wide range of experiences and barriers that our diverse colleagues face. And we hold ourselves accountable, with data and transparency at the heart of our strategy. This enables us to both measure progress and be honest with ourselves when the progress is not what it should be. And our commitment extends beyond our walls, utilising our expertise on a wide range of global issues in collaboration with clients and other organisations.