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Linklaters in Spain 

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Linklaters has become one of the leading law firms in Spain, with over 17 years’ experience in the country.

Fielding a team of over 130 lawyers, Linklaters is one of the most established and renowned law firms in Spain.

In addition to our leading team dedicated to Spanish law, in Madrid we also have lawyers specialised in English and U.S. law who advise on the international aspects of the transactions in which we are involved. Our people also include four academics (catedráticos)  who are highly regarded in the Spanish legal field. As a result, Linklaters’ Madrid office is able to offer technical excellence and sound and comprehensive advice on almost all key areas of business law.

We offer three core capabilities: Corporate (including private equity), Finance  (including  banking, capital markets and regulatory) and Dispute Resolution. These capabilities are complemented by market-leading specialist teams in real estate, competition/antitrust, public/administrative law, tax, employment and restructuring & insolvency.

We have been involved in many of the highest profile and most complex corporate and financial transactions, both domestic and cross-border, that have taken place in Spain in recent years, advising the world’s leading corporates, financial institutions and investment banks.

As the only international firm with its own offices in Spain and Portugal, we are able to offer a fully integrated Iberian practice, thus providing clients with a one-stop shop. We also work very often with the São Paulo and New York teams on international transactions in Latin America and the United States.  

Recent transactions include advising

  • Siemens on the merger of its wind power businesses into Gamesa (largest M&A transaction in Spain in 2016; awarded M&A deal of the Year by Expansión in 2017)
  • A consortium of investors including J.P. Morgan Asset Management, the Abu Dhabi Investment Council and Swiss Life Asset Managers, as well as White Summit Capital AG and Covalis Capital LLP, on the acquisition of Naturgas Energía Distribución from EDP
  • Banco Santander, Intesa Sanpaolo, Warburg Pincus and General Atlantic on the sale of Allfunds Bank to Hellman & Friedman
  • Ontario Teachers’ Pension Plan on the acquisition of Memora Servicios Funerarios
  • Intu Properties on the acquisition of shopping mall and entertainment centre “Madrid Xanadú” from Ivanhoé Cambridge (second largest shopping centre in Madrid and fourth in Spain by Gross Lettable Area).
  • Abengoa on the aprox. €10bn restructuring of its financial debt (largest restructuring in Spanish history)
  • FCC on the restructuring of its financial debt (including the issue of €1.350m bonds by its subsidiary FCC Aqualia)
  • the Managers on the aprox. €7.1bn rights issue of Banco Santander (largest rights issue in Spain in 2017 and second largest rights issue of Banco Santander)
  • the Managers on the IPO of Neinor Homes
  • Banco Santander on its €1.5bn Tier 3 instrument issue (first issue of this kind of instrument by a Spanish bank)
  • Real Madrid on a complaint to the Spanish Competition Authority (CNMC) against the Spanish Professional Football Association (“Liga Nacional de Fútbol Profesional”) regarding infringements of the Spanish and European regulations on anticompetitive agreements, abuse of dominance and unfair competition
  • Abeinsa on two different arbitrations taking place in Paris (English language, Spanish Law) against two Italian companies regarding the performance of an EPC Contract
  • Abengoa Bioenergía San Roque and Concesionaria Costa del Sol (both Abengoa’s subsidiaries) on the filing and subsequent actions of their respective insolvency proceedings.
    Linklaters operates in Spain through Linklaters S.L.P., an affiliate of Linklaters LLP.

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Linklaters S.L.P

Almagro, 40




Telephone: (34 91) 399 60 00

Fax (34 91) 399 60 01

HeForShe (United Nations) Report - Best Practices, Diversity in Spain

Participation of Linklaters and other major companies in the Best Practices, Diversity in Spain report published by Talengo in the context of the HeForShe (United Nations) initiative.

    Madrid takes top prizes at the first Expansión Awards

    Expansión, the main economic and business newspaper in Spain has recognized Linklaters Madrid as “Law Firm of the Year” and “Finance Law Firm of the Year” in its first Business Law Awards. Click here for more information on the award and here for a video including an interview with Madrid National Managing Partner Iñigo Berrícano.

    Year to Come/Year in Review

    The Year in Review 2015 and Year to Come 2016 briefly summarises some of the major developments in Spanish law last year, and expected developments in 2016, with links to further reading, where available.

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    Negotiating Europe’s LBO debt mountain report

    Our new Europe’s LBO debt report collects market knowledge and our views and experience on issues concerning the management of refinancing LBOs, and analyses the options for addressing this refinancing need.

    Watch our video

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