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Cuatrecasas

Restructuring/Insolvency: Insolvency

Europe Guide 2026 : Spain

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Cuatrecasas

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Chambers Review

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Restructuring/Insolvency: Insolvency - Spain

Band 2

What the Team is Known For
Cuatrecasas has an extremely active department that acts on both top-tier and mid-market matters, with a large, experienced team that has proven its capability in assisting numerous clients with diverse mandates. The lawyers handle all stages of distressed mandates, from initial refinancing through to debt restructurings and the eventual rescue or liquidation of companies via formal insolvency proceedings. The law firm has an excellent track record advising on the debtor side of restructuring and insolvency mandates, with a varied client list that includes multinational corporate clients and smaller domestic companies. Cuatrecasas has a network of offices throughout Spain, including key teams in Madrid and Barcelona.
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Work Highlights

Provided by Chambers

  • Cuatrecasas advised a group of bondholders led by Searchlight Capital on the recapitalisation of Obrascón Huarte Laín.

Strengths

Provided by Chambers

  • The quality at Cuatrecasas is unbeatable.

    Restructuring/Insolvency: Insolvency respondentEurope

  • The Cuatrecasas team is the best in the country for restructurings. It has really strong people that cover so many areas and it coordinates in an optimal way.

    Restructuring/Insolvency: Insolvency respondentEurope

  • Cuatrecasas has the best team of lawyers in Spain. It's technically excellent.

    Restructuring/Insolvency: Insolvency respondentEurope

  • The service is excellent and the response to customer needs is quick and agile.

    Restructuring/Insolvency: Insolvency respondentEurope

  • Cuatrecasas is the best.

    Restructuring/Insolvency: Insolvency respondentEurope

Notable Practitioners

Provided by Chambers

  • Fedra Valencia
    Fedra Valencia

    Fedra Valencia

    Leading practitioner Fedra Valencia is instructed by creditors, debtors and insolvency administrators to advise on substantial insolvency mandates in the market.

    • Fedra is an excellent professional with a good commercial vision.

      Restructuring/Insolvency: Insolvency respondentEurope

    • Fedra Valencia is a tremendous professional. She is highly involved and possesses vast technical knowledge. She has supported us strategically throughout.

      Restructuring/Insolvency: Insolvency respondentEurope
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  • Ignacio Buil
    Ignacio Buil

    Ignacio Buil

    Ignacio Buil is the head of the firm's restructuring, insolvency and special situations practice. He has experience handling multi-jurisdictional mandates often involving the USA and UK. He routinely advises on complex refinancing, credit line and debt restructuring matters.

    • Ignacio Buil is my go-to lawyer for anything we do in Spain.

      Restructuring/Insolvency: Insolvency respondentEurope

    • Ignacio Buil is a very knowledgeable restructuring lawyer. He is excellent at strategising and handling cross-border matters.

      Restructuring/Insolvency: Insolvency respondentEurope
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  • Patricia Álvarez
    Patricia Álvarez

    Patricia Álvarez

    Patricia Álvarez is recognised by both creditors and companies for her work in restructuring transactions. She advises them on matters related to homologations, debt restructurings and refinancings.

    • Patricia Álvarez is capable of closing deals and can always find the balance between the two parties.

      Restructuring/Insolvency: Insolvency respondentEurope

    • Patricia is always available and quick to respond. She has extensive technical knowledge that allows her to analyse complex operations.

      Restructuring/Insolvency: Insolvency respondentEurope
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  • Francisco Pérez-Crespo
    Francisco Pérez-Crespo

    Francisco Pérez-Crespo

    Francisco Pérez-Crespo has a strong track record assisting clients with the notification and management of pre-insolvency processes as well as with insolvency litigation and bankruptcy proceedings. He also advises on distressed M&A mandates.

    • Working with Francisco Pérez-Crespo has been an exceptional experience. He is always available, involved and committed.

      Restructuring/Insolvency: Insolvency respondentEurope
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  • Rosa Gual
    Rosa Gual

    Rosa Gual

    Rosa Gual has received market recognition for her bankruptcy expertise. She regularly assists clients with liquidation matters as well as notably handling cross-border mandates in the sector.

    • Rosa has a great ability to adapt to client needs.

      Restructuring/Insolvency: Insolvency respondentEurope

    • Rosa is technically impeccable.

      Restructuring/Insolvency: Insolvency respondentEurope

    • She is customer-oriented and inspires confidence.

      Restructuring/Insolvency: Insolvency respondentEurope

    • Rosa shows extensive legal knowledge as well as technical and professional expertise. She demonstrates an interest in constant improvement through the acquisition of new knowledge.

      Restructuring/Insolvency: Insolvency respondentEurope

    • Rosa Gual has an excellent, humane and professional approach. She also shows maximum involvement with the client's problems and needs.

      Restructuring/Insolvency: Insolvency respondentEurope
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  • Antonio Carreño
    Antonio Carreño

    Antonio Carreño

    Antonio Carreño is a well-reputed lawyer, based in the firm's Barcelona office. His expertise includes assisting key clients active across various Spanish sectors, with complex and often sensitive insolvency proceedings, amongst other matters.

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Ranked Individuals at Cuatrecasas (6)

Spain

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