What the team is known for
Transactional in its identity, the firm is highly focused on providing specialist advice on substantial M&A deals into Spain, and for Spanish clients acquiring or selling foreign assets. The firm also provides strong litigation resources in Spain to handle cross-border disputes, with the support of its network of offices that spans Europe and Asia.
The firm is a well-known powerhouse on high-value international M&A, and a compact Madrid team provides high-end advice to clients on cross-border public and private deals. It is regularly engaged to assist foreign private equity firms, public companies and strategic investors with their ventures into the Spanish market, and the firm maintains strong relationships with Spanish businesses that it advises with regard to their international activities.
The firm serves a strong book of corporate clients in their defence of disputes and claims in Spain and globally, and displays strong proficiency representing clients in insolvency cases. The Madrid team offers experience in coordinating international arbitration as global defence counsel for large corporates and financial institutions.
A client observes: "We work more with Freshfields on international projects. We need quite a lot of financial restructuring knowledge in other jurisdictions, and this is where Freshfields is very strong. If I have a deal in the US and UK and Dubai, I will try to get Freshfields in Spain."
Another client enthuses: "As a multinational company the work does have cross-border elements. Freshfields has always overcome those difficulties in a perfect way: managing different jurisdictions and coordinating when necessary with offices in other countries, without any hurdle."
Others commend the firm's capital markets team for its international capabilities. One interviewee notes:"Freshfields is a first-level firm with maximum ability to deal with international elements in complex transactions, like tender offers for noteholders in several European countries." Another source reveals: "In my decision to engage with Freshfields, I consider their strong Spanish and European practice, their global footprint, as well as their commercial approach to assignments."
The disputes team draws praise for its ability to represent non-Spanish clients before Spanish courts. One interviewee comments: "It is a very positive experience with them. We are very reliant on them, not knowing anything about how the Spanish courts work, and as they've explained things it certainly seems to have always worked out and been consistent - they've done a good job."