Restructuring/Insolvency: Restructuring - Spain
Band 4
What the Team is Known For
Notable practitioners
Jaime de San Román is a key contact for clients.

Europe Guide 2026 : Spain
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.
Provided by Chambers
Jaime de San Román is a key contact for clients.
Provided by Chambers
Herbert Smith Freehills Kramer represented Banco Santander and Banco Sabadell as dissenting lenders in the court-driven restructuring of Naviera Armas.
Provided by Chambers
The team is agile, creative, adaptable, proactive and highly customer-oriented.
Herbert Smith Freehills Kramer offers speed and seriousness. It's excellent.
The firm offers legal precision, clarity and depth in its arguments.
The team has provided invaluable technical and commercial expertise.
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.
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
Asia-Pacific 2026
Practice area: Restructuring/Insolvency
Location: Australia
View department profile for Asia-Pacific 2026Europe 2026
Practice area: Restructuring/Insolvency
Location: UK
View department profile for Europe 2026Global 2026
Practice area: Restructuring/Insolvency
Location: UK
View department profile for Global 2026Global 2026
Practice area: Restructuring/Insolvency
Location: Global: Multi-Jurisdictional
View department profile for Global 2026UK 2026
Practice area: Restructuring/Insolvency
Location: London (Firms)
View department profile for UK 2026Chambers is the leading data and intelligence partner for the legal sector.