The practice group at Herbert Smith Freehills Kramer LLP is equipped to handle corporate and debt restructuring, debt rescheduling, bond restructurings, the acquisition of distressed debt, disposals and insolvency proceedings. The team is a trusted resource for domestic and international financial lenders alike. Leadership is shared between corporate law specialist Nicolás Martín; finance-focused Armando García-Mendoza; and Jaime de San Román, who specialises in pre-insolvency and insolvency matters within a transactional and contentious framework. Also noted are Javier de Carvajal, who is active in dispute resolution and insolvency matters; and Marta Rey, who focuses on litigation, restructuring, pre-insolvency and insolvency law.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Lawyer & team quality
Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

  • ‘A very solid team with extensive technical knowledge and a practical approach. They stand out for their responsiveness and collaboration, comparing very well with other firms.’
  • ‘They stand out for their approachability, agility, and solution-oriented approach. They possess excellent business acumen and a remarkable ability to anticipate problems.’
  • ‘Full availability and high qualifications. Agility and flexibility in approaching different problems.’
  • ‘In-depth technical knowledge and up-to-date case law.’
  • ‘Long-term vision with the ability to assess innovative solutions aimed at changing court trends.’
  • ‘Multidisciplinary team, agile, practical and flexible to the client's needs. Strong technical expertise in insolvency and financial law.’

Key clients

  • Banco Santander
  • Nozar
  • CaixaBank
  • Exterior Plus
  • Oaktree
  • Bankinter
  • Industrias Cárnicas Castellanas
  • Magnum Industrial Partners
  • Waterfall Asset Management
  • Famosa
  • Bain Capital
  • Actividades Logísticas Centralizadas

Work highlights

Advised Banco Santander and Banco Sabadell on their position as dissenting lenders in the court-driven restructuring process of Naviera Armas, a leading company of the maritime sector in Spain.
Advised Nozar on negotiations with Banco Santander and Natwest (formerly RBS), connected to a restructuring agreement in the context of the Nozar insolvency proceedings.
Advised a pool of banks led by CaixaBank, Banco Santander and BBVA on the c. €63m restructuring of the short-term and long-term indebtedness of the PEVASA group.

Lawyers

Leading associates

Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Practice head

Nicolás Martín; Armando García-Mendoza; Jaime de San Román

Other key lawyers

Javier de Carvajal; Marta Rey