Department profile
Herbert Smith Freehills Kramer LLP

Restructuring/Insolvency: Restructuring

Europe Guide 2026 : Spain


Herbert Smith Freehills Kramer LLP

About

Provided by Herbert Smith Freehills Kramer LLP

The multidisciplinary restructuring and insolvency team in Spain brings together experienced professionals from the corporate, financial, tax, and disputes practices, with knowledge in debt restructuring and highly sophisticated insolvency scenarios. The team is led by renowned partners Nicolás Martín, Javier de Carvajal and Armando García-Mendoza. Their offering includes corporate reorganisations, pre-insolvency advice, renegotiation of agreements, debt restructuring, refinancing, distressed debt, creditors' arrangements, and litigation related to pre-insolvency and insolvency proceedings. They are the trusted advisors of some of the market's main debtors and lenders. The team also works in close contact with the employment, corporate, and real estate practices, with a deep knowledge of the sector, to provide integral legal advice throughout the entire process.

The team has a growing portfolio of international deals and has earned the trust of a wide range of clients, including major corporates and financial investors, across primary sectors. They have particular experience in energy, infrastructure, real estate, and projects. The lead team is supported by partners Jaime de San Román, Marcos Fernández-Rico and Sergio Cires; PSC Carmen Jara and senior associate Marta Rey.

Industries (5)

  • Financial services
  • Energy
  • Infrastructure
  • Real estate
  • Consumer products

Chambers Review

Provided by Chambers

Restructuring/Insolvency: Restructuring - Spain

Band 4

Band 4


What the Team is Known For
Herbert Smith Freehills is a strong global law firm that counts domestic and international banks, debtors and creditors among its clientele. The department utilises impressive financial and litigation expertise to advise clients on matters with regard to insolvency proceedings, including compulsory liquidation applications.
Notable practitioners

Jaime de San Román is a key contact for clients.

Work Highlights

Provided by Chambers

  • Herbert Smith Freehills Kramer represented Banco Santander and Banco Sabadell as dissenting lenders in the court-driven restructuring of Naviera Armas.

Strengths

Provided by Chambers

  • The team is agile, creative, adaptable, proactive and highly customer-oriented.

    Restructuring/Insolvency: Restructuring respondentEurope
  • Herbert Smith Freehills Kramer offers speed and seriousness. It's excellent.

    Restructuring/Insolvency: Restructuring respondentEurope
  • The firm offers legal precision, clarity and depth in its arguments.

    Restructuring/Insolvency: Restructuring respondentEurope
  • The team has provided invaluable technical and commercial expertise.

    Restructuring/Insolvency: Restructuring respondentEurope
  • The team combines great technical strength with a highly proactive attitude. It stands out for its responsiveness, deep industry knowledge and practical approach to complex situations.

    Restructuring/Insolvency: Restructuring respondentEurope

Members

Provided by Herbert Smith Freehills Kramer LLP

  • Nicolás Martín

    Head of Department

  • Javier de Carvajal

    Head of Department

  • Armando García-Mendoza

    Head of Department

  • Marcos Fernández-Rico

  • Sergio Cires

  • Carmen Jara

  • Marta Rey

Herbert Smith Freehills Kramer LLP has rankings in the following guides

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