Department profile
CMS

Restructuring/Insolvency: Insolvency

Europe Guide 2026 : Spain


CMS

Rankings

About

Provided by CMS

CMS Albiñana & Suárez de Lezo is recognised by Chambers Europe as a leading firm in insolvency law and restructuring in Spain, specialising in the handling of insolvencies and providing advice to both debtors and creditors on restructuring and insolvency proceedings.

Our team comprises experts on insolvency law and other areas of practice which have an impact on restructuring (tax, corporate and administrative law), who stand out due to their vast knowledge on the particular features of key economic sectors. This enables us to understand how the company works, providing an essential element to drive success in restructuring or insolvency proceedings.

When the client is the debtor, we analyse their financial situation and design the most pertinent legal strategy to help them achieve their goals and guide them throughout the entire proceedings, from the petition for insolvency (voluntary or involuntary) to the proposal of arrangements, insolvency cases or, where applicable, liquidation and defence against the ruling of liability for insolvency.

Moreover, we advise clients such as creditors in insolvency proceedings, ensuring efficient communication and executing the corresponding securities where required.

The CMS Insolvency and Restructuring department is present in 34 countries and 60 cities, advising both domestic entities and international groups in complex cross-border issues.

Chambers Review

Provided by Chambers

Restructuring/Insolvency: Insolvency - Spain

Band 3

Band 3


What the Team is Known For

CMS routinely assists Spanish companies and their creditors with litigious issues arising from insolvency situations. The team is well placed to represent debtors in both compulsory and voluntary insolvency proceedings. It assists banks and trade creditors with the presentation of claims against insolvent companies. CMS also defends creditors against cases brought by insolvency administrators.

Work Highlights

Provided by Chambers

  • CMS advised Haitong Bank and Novo Banco on the insolvency proceedings of various Spanish toll roads, including Ciralsa, Radial 3 & Radial 5, Madrid-Toledo, Eje Aeropuerto and Radial 2.

Strengths

Provided by Chambers

  • CMS provides agility, precision, flexibility, availability and good treatment. It also has a high level of knowledge and a very dynamic team.

    Restructuring/Insolvency: Insolvency respondentEurope
  • CMS has extensive legal knowledge of the insolvency and restructuring sector as well as excellent negotiating skills.

    Restructuring/Insolvency: Insolvency respondentEurope
  • The team always has a clear and accurate vision.

    Restructuring/Insolvency: Insolvency respondentEurope
  • CMS' professional team is perfectly trained. It provides immediate attention and has excellent knowledge.

    Restructuring/Insolvency: Insolvency respondentEurope
  • CMS provided a detailed analysis, practicality, professionalism and rigour. The work has been impeccable and the team took the company's interests into account.

    Restructuring/Insolvency: Insolvency respondentEurope

Notable Practitioners

Provided by Chambers

  • Band 3Juan Ignacio Fernández Aguado
    Band 3Juan Ignacio Fernández Aguado

    Juan Ignacio Fernández Aguado

    Juan Ignacio Fernández Aguado has extensive experience in the insolvency field. He offers substantial expertise in contentious insolvency issues, with particular activity on debtor-side mandates.

    • Juan Ignacio is an excellent professional. He is meticulous, rigorous, empathetic and has excellent knowledge of the subject matter.

      Restructuring/Insolvency: Insolvency respondentEurope
    • Juan Ignacio has extensive experience, making his advice and counsel invaluable.

      Restructuring/Insolvency: Insolvency respondentEurope
    • We completely trust Juan Ignacio due to his expertise.

      Restructuring/Insolvency: Insolvency respondentEurope
    • Juan Ignacio Fernández Aguado provides an excellent service.

      Restructuring/Insolvency: Insolvency respondentEurope
    • Juan Ignacio provides a tailored and committed service, with a very complete vision of each matter.

      Restructuring/Insolvency: Insolvency respondentEurope

Ranked Individuals at CMS (1)

Spain

  • Profile image of Juan Ignacio Fernández Aguado

    Juan Ignacio Fernández Aguado

    Restructuring/Insolvency: Insolvency

    View profile

Members

Provided by CMS

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