Operating in Spain since 2000, Linklaters has become one of the leading law firms in the country. Fielding a team of over 130 lawyers, Linkaters 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:

These capabilities are complemented by market-leading specialist teams in real estate, Antitrust & Foreign Investment Group, public/administrative law, tax, employment and restructuring & insolvency, technology, intellectual property and data protection.

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:
  • IFM Investors on the €5.06bn public takeover offer (and acquisition financing) for up to a 22.69 stake in Naturgy.
  • The managers on the IPO of Corporación Acciona Energías Renovables, one of the world’s largest pure-play renewable energy developers, owners and operators, and subsequent admission to trading on the Spanish Stock Exchanges.
  • Carlyle Group and the remaining shareholders of Logoplaste in the transfer of a controlling stake in Logoplaste to OTPP.
  • I-Squared on the €1.5bn sale of T-Solar, with projects in Spain and Italy (we also advised on the previous acquisition).
  • Société Générale on the IPO of Ecoener.
  • An international banking group on the €7bn capital increase of Cellnex.
  • Banco Santander, Bankia and Caixabank on the successful €1.35bn claim for damages against the Spanish government over the Castor gas storage facility.
  • On the restructuring of the financial debt of several companies such as Abengoa, Prisa, DIA, Lecta, Deoleo, OHL and Grupo Siro, among others.
  • The syndicate of banks on the financing for the launch by MásMóvil of a public takeover offer of Euskaltel.
  • Cofinimmo on the acquisition of two funds owning 6 nursing and care homes in Northern Italy and two companies owning a portfolio of 18 nursing and care homes in Spain.
  • Hayfin on the sale of Grupo Itevelesa to DIF Capital Partners.
  • Apple on a potential collective claim that may be brought by a consumer association in Spain and on the Italian judgement on planned obsolescence involving iPhone 6 Serie.
  • Real Madrid Club de Fútbol on the appeal to the General Court of the European Union against a European Commission decision from 2016 that forced Spain to recover €18.4m from Real Madrid alleged illegal state aid.
  • Various UK credit entities, investment firms and management companies providing regulated services in Spain on the implications of Brexit, including the reorganisation of certain banking groups across Europe.
  • Several multinational companies on the implementation of temporary suspension of employment or reduction of working hour schemes in the context of Covid-19 pandemic.
  • The managers on the (i) €3bn perpetual hybrid bonds issued by Iberdrola (largest debt issue in the history of Iberdrola’s group); and (ii) €2bn perpetual hybrid bonds issued by Iberdrola (largest issue of a green hybrid bond ever).
  • Maxam in the context of a complaint to the European Commission concerning Portugal’s failure to comply with EU law regarding certain tax regulations.

Linklaters operates in Spain through Linklaters S.L.P., an affiliate of Linklaters LLP