Our practice in Spain - Allen & Overy office brochure.pdf · securitisation of mortgage and non mortgage loans, trade receivables, ... Our Spain Public Law practice offers expertise

Our practice in Spain2018

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“Allen & Overy are like an iPhone – very simple to use, but you know there is huge processing power behind the advice.”CEO, FTSE 250 Company

“The lawyers provided great advice throughout the M&A negotiations, and dealt with international elements very efficiently. I have a great impression of Allen & Overy”Chambers 2017, Spain (Corporate and M&A)

Our Practice in Spain | 20182

© Allen & Overy LLP 2018

Contents

Why Allen & Overy Spain? 4

Corporate Truly talented M&A advice 5

Capital Markets A leading practice 6

Banking & Finance At the heart of the financial market 7

Public Law Experts in regulated sectors 8

Litigation & Arbitration Top quality advice 9

Our Tax Team Meeting your needs 10

Competition and EU LawFull advice on antitrust issues 11

Our Employment Team Solutions-led advice 12

Our Real Estate Practice 13

Our Private Equity Group 14

Supported by our international network 15

Our Team 16

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Why Allen & Overy Spain?

Our Madrid and Barcelona offices offer legal advice for domestic Spanish clients and international organisations with interests in Spain.

We have close relationships with public administrations worldwide, strong local contacts and a deep understanding of the Spanish market.

Client focus is one of the key foundations of our Spanish offices. We consistently demonstrate this, working with a proactive and advanced approach, and anticipating our clients’ needs.

Our main practice areas

26Years in Spain

2Offices

5Counsels

14Partners

+90Lawyers

Number 1 in cross-border M&A deals Chambers Europe 2015

Number 1 in value of Spanish M&A deals Mergermarket 2015

Band 1 for Corporate/M&A Chambers Europe 2016

Top tier in value of Spanish M&A deals TTR 2016

Best M&A deal in Spain Expansión Awards 2016 and 2017

Banking and Finance Corporate and M&A

Competition and European Law Debt and Equity Capital Markets

Derivatives and Structured Finance Financial Services Regulatory

Tax Litigation

Employment International Arbitration

Projects, Energy and Infrastructure Public Law

+140Professionals

1930Founded in London

1991Founded in Spain

+230Relationship law firms in more than 100 countries

55%of our transactions involved three or more jurisdictions

73%of our work involved two or more A&O offices



Corporate: truly talented M&A advice

Our Corporate/M&A team is composed of over 20 lawyers in our Madrid and Barcelona offices. Its expertise covers all phases of a transaction whether private or public. We have significant experience in acting on complex, high-value, cross-border work as well as a range of domestic transactions.

Our expertise and local knowledge in the Spanish market ensure that we deliver cost-effective, seamless, high-quality legal advice. Our strong teamwork and wide track record are vital to ensuring that deals are managed effectively.

In 2016 and 2017 our Corporate and M&A department has received by Expansión, one of the most well-known financial and legal newspapers in Spain, the award Best M&A Deal in Spain and has been also nominated as one of the best five firms for Corporate M&A in Spain. In addition we topped the M&A league tables during 2015 in Spain by deal value by TTR and Mergermarket.

Our Corporate team mainly advises on the following seven product lines:

In addition to our core M&A expertise, we offer a full complement of all the specialist areas that are necessary for a complex M&A transaction. Our team closely works with specialists in all relevant areas, including Antitrust, Employments & Benefits and Tax.

We also act as business advisers for our clients, so we draft quarterly insight reports for them in which we analyse global M&A activity and trending topics across different sectors and markets worldwide, offering our view on how the market may develop in the months ahead.

M&APrivate Equity

TakeoversCorporate & Commercial

Law

Joint Ventures

IPOs Restructuring TTR 2016

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Capital Markets: a leading practice

Our capital markets practice in Iberia comprises a group of experienced lawyers capable of advising on the full spectrum of debt and equity related capital markets work under English law and also provides local law advice, either in-house or with leading local law firms.

Our capital markets department belongs to the Allen & Overy International Capital Markets practice, with some 329 lawyers, including more than 81 partners. This global group is among the largest of any law firm. Few practices can match our top tier position across the full range of financial products and match our consistency in being ranked in first place by league tables for the volume and the value of our deals. We are known globally for industry-leading ‘first-of-a-kind’ transactions and, as a result, have been instrumental in nearly all of the major developments in the modern financial markets, starting with the first ever eurobond issue in the 1960s.

The Spain-based team advises underwriters, arrangers, selling shareholders, issuers and rating agencies in connection with the following key areas, among others.

Debt Capital MarketsThe practice advises on all types of bonds (including index, equity and commodity-linked bonds) and other debt securities, including MTN, CP and CD Programmes. We also have experience on the establishment and maintenance of debt issuance programmes, as well as issues under debt issuance programmes.

SecuritisationsWe have a highly-regarded reputation across the different securitisation structures, including, among others, securitisation of mortgage and non mortgage loans, trade receivables, credit rights, auto-loan receivables, and compensation rights.

Equity Capital MarketsWe advise on the full spectrum of equity capital markets transactions, including IPOs, private placements, capital increases, and offers and disposals of shares.

Structured FinanceWe deal with a wide range of structured products including: warrants; warrant programmes; warrant trading systems; structured notes; certificates, including certificates linked to commodities; CDOs; CLNs; unit-linked life insurance funds; and subordinated bond issues; derivatives transactions and warrants.

Band 1 Capital MarketsLegal 500



Trade, Commodities & Export Finance

Banking & Finance: at the heart of the financial marketAllen & Overy fields the market’s pre-eminent banking practice. With a department of over 25 lawyers based in Spain, we have one of the most qualified and renowned team of finance lawyers of any law firm in the Spanish market. Few practices can match our top position across the full range of financial products, offering advice under both Spanish and English law. Moreover our team closely works with and is supported by a top-tier global team of over 800 colleagues across our 44 offices.

Our Banking & Finance practice is widely recognised as a leading international legal practice for borrowers and lenders alike. Allen & Overy has recently topped the Thomson Reuters legal advisors league table for both borrowers and lenders in EMEA, having advised on more deals than any other law firm in 2016 and almost twice the value of deals than our nearest competitor on the borrower side in the region. In Spain, the legal directory Legal 500 has also ranked our Banking & Finance practice in Band 1 both cting for lenders, borrowers and in bank regulatory matters. In addition we are ranked in Band 1 for Project Finance as well. Chambers Global has also ranked our Spanish Banking & Finance practice as top tier.

The past years have been the most challenging in the history of the financial markets in Spain and have required fresh thinking, as the markets adjust to continually changing economic, political and regulatory conditions. Our banking and finance lawyers have drawn on deep product expertise regularly working alongside our regulatory, litigation, restructuring and other specialists in the office – particularly important in light of recent market conditions – to develop innovative solutions for our clients, often incorporating complex financing techniques. In this context we have acted for both lenders and borrowers on key transactions in Spain, and count among our clients numerous global corporate and financial institutions that entrust us with the full range of domestic and cross-border transactions and rely on the depth and breadth of our expertise, intellectual rigour and proven track record of finding successful and commercially astute solutions.

Asset Finance

Financial Services

Regulatory

Leveraged Finance

General Lending

Our Banking & Finance practice is split into nine product lines:

Real Estate Finance Restructuring

Asset Management

Projects, Energy &

Infrastructure

Band 1 Banking & Finance SpainChambers Global 2017Legal 500 2017

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Public Law: experts in regulated sectors

Our Spain Public Law practice offers expertise and advice on the full range of administrative and regulatory issues. In recent years we have further developed our expertise in key sectors such as infrastructure, utilities (including energy and water), telecommunications, financial markets, and transport.

Regulatory measures, government intervention and public sector spending are omnipresent in today’s economic climate. A large variety of public law entities intervene to implement these measures.

Understanding how dealing with public law entities may be different from dealing with private entities and the impact of regulation has always been an important aspect of business life. It is even more important with governments cutting costs, privatising and selling assets, and turning to or away from public-private partnerships, as well as increasing public sector spending in some areas.

We assist a large number of public authorities and regulatory bodies on the implementation of their powers as well as with drafting and interpreting legislation. As a result, we fully understand the complexities and challenges of this area of law. Conversely, we can offer our clients in the public sphere assistance that takes into account the perspective of major private sector players.

Our clients value our straightforward and pragmatic advice. We work in an integrated way with our Banking, Corporate and Real Estate departments, and approach issues from a variety of perspectives, taking into account the wider economic and legal context.

Regulatory

Freedom of information

Permits & authorisations

Government- owned assets

Public & mixed entities/

structures

Public Private Partnerships

Administrative contracts

Advising on both transactions and litigation, our Public Law team has proven its world class expertise, covering all aspects of public economic law, including:



Closely aligned with key market sectors such as life sciences, technology, energy and financial institutions, our dispute resolution lawyers have a real understanding of our clients’ businesses, enabling them to give truly effective management advice. We are also seen as experts in corporate risk management, advising senior level board members and executives within a range of high-profile corporates and banks.

Our experience of mediation, international arbitration and negotiation enables us to pursue all avenues of dispute resolution, helping our clients choose the method that best suits their needs. The team is currently advising in the most complex arbitration cases in Spain related to the energy reform.

Our international network is ideally placed to handle the growing number of cross-border and multi-jurisdictional disputes requiring highly-integrated advice, brought about by the globalisation of business. It is this ability to manage disputes around the world and coordinate cross-border proceedings that persuades many of our clients to instruct us.

We act for a wide-ranging and diverse client base and have close relationships with, in particular:

– corporates;

– financial institutions;

– entrepreneurs and private individuals;

– governments and government agencies; and

– national and international governmental, and non-governmental, organisations.

“Difficult and high-stakes cross-border cases require the highest order of organisation and co-ordination, which the team delivered.”Chambers Global 2017 (Dispute Resolution, Global-Wide)

Ranked in Tier 1Chambers Global 2017 (Dispute Resolution, Global-Wide)

Litigation & Arbitration: top quality advice

Our Litigation and Arbitration team mainly advises on the following areas:

Insolvency proceedings

Commercial disputes

Financial DisputesArbitration

Economic Crime Law &

Corporate Law

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Our Tax Team: meeting your needs

In the increasingly complex and global area of tax law and practice, our team of tax specialists can successfully support your business needs. Our experience in all aspects of corporate, commercial and finance taxation enables us to provide high-quality, innovative and solution-driven advice.

We offer tax expertise in relation to: capital markets transactions and products; general and specialist banking transactions; tax-based structured finance; corporate reorganisations, restructurings and M&A; the structuring of and investment by funds; real estate investment; and the resolution of tax disputes and investigations, whether on a stand-alone basis or as an integral part of a full legal service. We are frequently involved in the first transaction of its kind to be undertaken.

No matter how complex the project or how tight the deadlines, our tax lawyers demonstrate sound commercial

awareness and excellent technical skills in everything they do. Through our team of specialists, we provide cutting edge expertise in all principal areas of tax advice.

We recognise that our clients require a seamless, multi-jurisdictional tax advisory service, whether on a stand-alone basis or as an integral part of the full legal service offered by Allen & Overy. As part of a global team with more than 110 tax specialists across our international network, we are able to offer both domestic and cross-border advice wherever our clients need it, whether they are financial institutions, corporate entities or funds. The depth and breadth of our knowledge ensures that we are able to support our clients’ business needs successfully and provide high quality, innovative tax solutions in the increasingly complex area of tax law and practice.

Our Tax team mainly advises on the following areas:

RegulatoryFinancial Disputes

Freedom of information

Government- owned assets

Public Private

Partnerships

Administrative contracts



Competition and EU Law: full advice on antitrust issuesOur Antitrust team has extensive knowledge and experience in dealing with the most complex antitrust issues. By combining global reach with local depth, we are uniquely positioned to advise you on your antitrust strategy to achieve consistent, effective solutions throughout your operations.

Our antitrust team represents clients globally and locally in matters involving compliance and counselling,

government investigations and litigation, private actions, merger control, public procurement and competitive tendering, and state aid.

Choosing the right antitrust strategy can have a major impact on your business. Whether it concerns alleged anticompetitive conduct, commercial negotiations and litigation or merger control, antitrust law advice is highly business sensitive.

Our Antitrust team mainly advises on the following areas:

We also provide our clients with practical assistance through online tools and resources, such as:

– Online guidance on key aspects of cartel regimes per jurisdiction: leniency programmes, individual liability and private enforcement.

– Online guidance on dawn raids/search warrants per jurisdiction.

– An extensive record of court document models and precedents used in private and public litigation.

– A comprehensive database detailing the merger control regimes of jurisdictions worldwide, including jurisdictional thresholds, notification obligations, assessment timetables and substantive tests.

– A merger filing database to store previous merger filings and authority decisions, facilitating and expediting future cases.

– A practical toolkit of internal resources to perform jurisdictional and substantive analysis, explain and meet procedures, rules and timelines and help prepare notifications.

– An extensive data database of competition lawyers worldwide.

– Regular alerts on notable developments within the field of antitrust law.

National Markets and Competition Commisson

Mercantile Courts

European Commission

General Court and European Court of Justice

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Our Employment team: solutions-led adviceAllen & Overy Spain’s Employment practice stands out for its wide experience and knowledge of employment law, pensions, benefits and incentives, providing and developing individual and creative solutions to all workplace issues, from working terms and conditions, employee relations and HR policies, to restructuring and dispute resolution.

Our Employment team is part of a global group of over 180 lawyers in 25 countries. The Allen & Overy global Employment & Benefits group is one of the best-resourced global practices in its field, and our network comprises some of the world’s most experienced and highly-regarded specialists in employment and benefits law. We pride ourselves on our truly integrated approach, built up over many years through close teamworking and collaboration, enabling us to offer our clients a seamless cross-border service of the highest quality.

We are not just there to support you ‘on-deal’. A good example of value-added service available to our Employment & Benefits clients is the Employment Restructuring Roadmap, a service that enables you to manage key employment law obligations on a cross-border restructuring. With this tool you can identify, at a glance, the applicable consultation and other procedural requirements, together with related timing and cost implications in 35 countries.

Our approach is very much that of a partnership, working in collaboration with clients to develop individual and creative solutions to their workplace and benefits needs. We are accessible, pragmatic and hands-on, with expertise in communicating directly with workers, employee representatives and regulatory authorities on HR and reward issues.

Our Employment team mainly advises on the following areas:

Top Executives

Employee Agreements

Restructuring & Litigation

Workplace Issues & Policies

Impact Corporate M&A and

Insolvency

Equity Incentives

Labour & Social Security

Law

Pension & Benefits



Our Real Estate Practice

We have a strong practice focusing on the real estate sector in Spain, comprising lawyers specialising in the different areas of law involved in real estate transactions: real estate, tax, and planning law.

We advise some of the world’s leading organisations on their most important transactions in the real estate sector. Our work encompasses real estate investments, fund formation, structuring and joint ventures, complex real estate mergers and acquisitions, development and planning construction, loan workouts, NPL pool acquisition, distressed debt acquisition (including loan-to-own strategies), structured finance, tax and litigation.

The challenging economic climate is giving clients an increased appetite for high-quality and imaginative real estate legal advice that places the matter at hand within the context of wider strategic objectives.

Our Real Estate practice offers forward-looking legal solutions on the full range of property-related transactions to some of the most ambitious and perceptive organisations in the world. They know they can count on us for technically-accomplished advice and legal solutions that are intelligent, workable and, crucially, which demonstrate our understanding of their business.

By fielding a knowledgeable and enterprising team who can advise on real estate, development and planning, projects and construction, tax, finance, structuring and joint ventures, we support our clients in their most important commercial and legal projects.

With our global network, we also have significant geographical reach, and a wealth of real estate experience in the UK, Europe, Asia Pacific, the U.S. and the Middle East.

Our work encompases:

NPL pool acquisition

Fund formation

Distressed debt

acquisition(including

loan-to-own strategies)

Structuring and joint ventures

Tax and litigation

Development and planning construction

Complex real estate

mergers and acquisitions

Structured finance

Real estate investments

Loan workouts

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Our Private Equity Group

Allen & Overy’s global private equity teams regularly advise the most prominent sponsor firms on all forms of private equity transactions including buyouts, exits, portfolio restructurings and secondaries. We are able to tap a deep reservoir of transactional experience to provide high quality and pragmatic advice on complex cross-border transactions.

Our sector expertise allows us to bring real industry insight and experience to sponsors.

Matching your needs:

Market-leading private equity expertise

Transparent cost effective

pricing

Integrated leveraged

finance offering

Pan-European practice

Dedicated Relationship

Partners

“Allen & Overy has done a great job for us. The firm demonstrated high commitment to the transaction, delivering all materials on time and with outstanding quality.”Chambers 2017, Spain (Private Equity)

“The great advantage is their global focus; they have a very good standard in every country.”Chambers 2017, Spain (Private Equity)



Interviewees also appreciate that the lawyers are fully up to date: “They know the market and what have been the latest deals done, so they always offer new ideas.”Chambers 2017 (Spain)

Supported by our international network

Our internal network incorporates lawyers who are experts in domestic law, and who also have the knowledge and ability to negotiate in cross-border transactions. The knowledge and availability of our professionals worldwide guarantees effective coordination and excellent service, anywhere and anytime.

We are recognised by the main legal directories as one of the leading international legal practices.

Allen & Overy is an international legal practice with approximately 5,400 people, including some 554 partners, working in 44 offices worldwide in Europe, the Middle East, Asia Pacific, Africa and America.

1,180A&O lawyers ranked across all Chambers & Partners directories

220A&O is ranked in over 220 categories across all Legal 500 – among the highest within the magic circle firms

44A&O associates were highlighted as ‘Associates to Watch’ across all Chambers & Partners directories

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Our Team

Íñigo del ValPartner – Corporate/M&ATel +34 91 782 98 [email protected]

Santiago de VicenteCounsel – Real EstateTel +34 91 782 98 [email protected]

Moira GuitartCounsel – EmploymentTel +34 91 782 98 [email protected]

Juan HormaecheaPartner – Banking & FinanceTel +34 91 782 98 [email protected]

Victoria MartinCounsel – Public LawTel +34 91 782 98 [email protected]

Antonio MartínezPartner – Competition & EU LawTel +34 91 782 99 [email protected]

Pablo MayorPartner – Public LawTel +34 91 782 98 [email protected]

Charles Poole-WarrenPartner – Capital Markets/Banking & FinanceTel +34 91 782 98 [email protected]

Javier CastresanaPartner – LitigationTel +34 91 782 98 [email protected]

Javier MendietaPartner – Litigation & ArbitrationTel +34 91 782 99 [email protected]

Virginia AllanCounsel – International ArbitrationTel +34 91 782 97 [email protected]

Ignacio MadalenaCounsel – LitigationTel +34 91 782 97 [email protected]



mailto:[email protected]



Ignacio Ruiz-CámaraPartner – Banking & FinanceTel +34 91 782 98 [email protected]

Fernando TorrentePartner – Corporate Tel +34 91 782 99 40 [email protected]

Jimena UrretavizcayaPartner – Banking & FinanceTel +34 91 782 98 [email protected]

Salvador Ruiz BachsPartner – Capital Markets/Financial Services RegulatoryTel +34 91 782 99 [email protected]

Antoni Valverde RoyPartner – Corporate/M&ATel +34 93 202 81 [email protected]

Antonio Vázquez-GuillénPartner – Litigation & ArbitrationTel +34 91 782 99 [email protected]

Adolfo ZunzuneguiPartner – Taxation Tel +34 91 782 97 55 [email protected]

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“Allen & Overy was excelent at conducting the case across a number of jurisdictions. Very high quality.”Chambers Global



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FOR MORE INFORMATION, PLEASE CONTACT:

Madrid

Allen & Overy Serrano, 73 28006 Madrid Spain

Tel +34 91 782 98 00 Fax +34 91 782 98 99

Barcelona

Allen & Overy Mestre Nicolau, 19 08021 Barcelona Spain

Tel +34 93 202 81 00 Fax +34 93 202 81 40

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Allen & Overy means Allen & Overy LLP and/or its affiliated undertakings. The term partner is used to refer to a member of Allen & Overy LLP or an employee

or consultant with equivalent standing and qualifications or an individual with equivalent status in one of Allen & Overy LLP’s affiliated undertakings.

GLOBAL PRESENCE

Allen & Overy is an international legal practice with approximately 5,400 people, including some 554 partners, working in 44 offi ces worldwide. Allen & Overy LLP or an affi liated undertaking has an offi ce in each of:

Abu DhabiAmsterdamAntwerpBangkokBarcelonaBeijingBelfastBratislavaBrussels

Bucharest (associated offi ce)

BudapestCasablancaDohaDubaiDüsseldorfFrankfurtHamburgHanoi

Ho Chi Minh CityHong KongIstanbulJakarta (associated offi ce)

JohannesburgLondonLuxembourgMadridMilan

MoscowMunich New YorkParisPerthPragueRiyadh (cooperation offi ce)

RomeSão Paulo

SeoulShanghaiSingaporeSydneyTokyoWarsawWashington, D.C.Yangon

© Allen & Overy LLP 2018 | CS1610_CDD-46386_ADD-72651

Our practice in Spain - Allen & Overy office brochure.pdf · securitisation of mortgage and non mortgage loans, trade receivables, ... Our Spain Public Law practice offers expertise

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