Banking and Finance/ Restructuring

“A very good challenger to the larger firms

– The Legal 500 –

Our Finance and Banking Department provides legal advice in a great variety of industrial sectors, both to financial entities and private capital and investment institutions as well as to borrowing companies.

We have a highly specialized team with a solid reputation within the market and with recommendations in various rankings and legal directories.

Our specialization covers corporate financing, structured finance, acquisition finance, project finance, real estate finance of other assets, design and legal structuring of syndicated financing, debt restructuring, project and structured finance, leasing, factoring, confirming, off balance sheet operations, financial and banking guarantees, derivative operations, custody and liquidation of securities, private banking, etc.

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Professionals

The EMEA Legal 500 2019

Araoz & Rueda offers the 'direct engagement of senior lawyers', with Rafael Bazán the name to note for banking and finance. Notable instructions include advising renewable energy companies Alten and Grupo Ortiz on the refinancing of two photovoltaic projects, and assisting Norwegian debt management company Axactor with the acquisition of two NPL portfolios from Bankinter.

The EMEA Legal 500 2019
Chambers Europe Guide 2019 – Banking/Finance

Rafael Bazán (Tier 2) of Araoz & Rueda draws praise for his "very business-oriented" approach in mandates which include debt refinancing operations, NPL deals and acquisition finance. He is adept at advising both borrowing and lending parties. Clients report: "He goes right to the bottom of the matter, he's always available and ready to help: it's a pleasure to work with him."

Chambers Europe Guide 2019
IFLR 1000 2019 – Banking/Finance

"Focused on closing deals while ensuring customer's interest as much as possible." "Araoz & Rueda provides high-quality service and delivers on time." "Rafael Bazán and Ainhoa Veiga are great professionals on whom you can trust without any doubt".

IFLR 1000 2019
The EMEA Legal 500 2018 – Banking/Finance

Araoz & Rueda’s team was strengthened by the arrival of Rafael Bazán from Baker McKenzie. Highlights included assisting Crédit Agricole Corporate and Investment Bank with the Spanish aspects of Sidorme Hotels’ senior facility agreement in the sum of € 504m.

The EMEA Legal 500 2018
Chambers Europe Guide 2018 – Banking/Finance

Clients highlight Rafael Bazán (Tier 2) for his "negotiation skills and excellent knowledge of Spanish regulations." Interviewees further note that in complex situations “he knows how to manage everyone's interests." A recent addition to the team at Araoz & Rueda, he has standout experience on the sell side of distressed loan portfolio transactions. He also assists with corporate finance, acquisition finance and asset finance transactions.

Chambers Europe Guide 2018
Chambers Europe Guide 2017 – Bancario/Financiero

Rafael Bazán of Araoz & Rueda has experience of high-profile loan portfolio transactions for key Spanish banking entities including the FROB, Catalunya Banc and Bankia. He also has broader expertise in refinancing, acquisition and asset finance. Clients say: "He is clearly business-oriented and client-focused," adding: "He is very precise and can advise on a wide scope of financial matters.

Chambers Europe Guide 2017
IFLR 1000 2017- Banking/Finance

Araoz & Rueda is recommended in Banking & Finance. The firm advised a borrower in connection with a €200 million loan facility granted to a photo voltaic energy production plant to allow it to undergo refinancing procedures. The team also acted for wine producers in the financing of a new premises.

IFLR 1000 2017
The EMEA Legal 500 2017 – Banking/Finance

Araoz & Rueda acts for a variety of corporate and financial clients, including BNP Paribas and LM Group.

The EMEA Legal 500 2017
IFLR 1000 2016, “Recommended Firm” in Banking & Finance

In banking all of the details of Araoz & Rueda's work in the last year are confidential. One highlight was partner Guillermo Yuste’s advice to the borrower in respect of the negotiation of a loan from a syndicate of banks, to fund a large piece of commercial real estate in Madrid. Other transactions saw the team act on behalf of the borrower in relation to the €160 million refinancing of an energy project.

IFLR 1000 2016
The EMEA Legal 500 2016, “Recommended Individual” in Banking and Finance_Guillermo-Yuste

Araoz & Rueda advised LM Group on refinancing issues, including a bond issuance and a revolving loan facility. Guillermo Yuste is the key name.

The EMEA Legal 500 2016
Chambers Global Guide 2016, “Recommended Individual” in Banking and Finance_Guillermo-Yuste

Araoz & Rueda offers experience in debt restructuring and refinancing, real estate finance and asset finance. Advises a broad range of entities, such as financial institutions, investment funds and private capital ventures. Guillermo Yuste is noted for his experience in the banking and finance sector, where he focuses on corporate finance, structured finance, acquisitions and debt restructuring in domestic and international transactions.

Chambers Global Guide 2016
The EMEA Legal 500 2015, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Araoz & Rueda's "very good and accessible finance specialists" recently advised the borrower, Unitronics, and its majority shareholder, Baring Equity Partners, on the company's debt refinancing. Practice head Guillermo Yuste is "quick, efficient and professional".

The EMEA Legal 500 2015
Chambers Global Guide 2015, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Department head Guillermo Yuste is praised by clients as "proactive and really involved". He recently advised BNP Paribas on notes issued by Pescanova in the course of insolvency proceedings. Clifford Hendel attracts plaudits for his knowledge of the area as well as his astute advice. He has significant expertise in international finance transactions and is qualified in Spain, the USA and the UK.

Chambers Global Guide 2015
The EMEA Legal 500 2014, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

At Araoz & Rueda Guillermo Yuste "does an excellent job".

The EMEA Legal 500 2014
Chambers Global Guide 2014, “Recommended Firm” in Banking and Finane_Guillermo-Yuste

Sources describe Clifford Hendel as "an excellent lawyer whom I thoroughly recommend". He advised BBAM on the lase of a Boeing 737 aircraft to Calima. Practice head Guillermo Yuste enters the rankings after earning warm client feedback: "Intellectually he is very good: he really looks at the details, explores all the issues and finds solutions that others wouldn't have."

Chambers Global Guide 2014
IFLR 1000 2014, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Guillermo Yuste receive strong recommendations from clients with top marks for legal expertise and speed of response.

IFLR 1000 2014
Chambers Global Guide 2013, “Recommended Firm” in Banking and Finance

Clients admire Clifford Hendel's superb international understanding of the banking world. Thanks to his 25 years' experience working in Spain, France, the UK and the USA, he is praised as "a truly global lawyer".

Chambers Global Guide 2013
The EMEA Legal 500 2013, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Guillermo Yuste is the primary contact in this area and is recommended.

The EMEA Legal 500 2013
The EMEA Legal 500 2012, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Top-level service in a boutique fashion". Araoz & Rueda is "a very good challenger to the larger firms". Guillermo Yuste made partner in 2011, both he and Clifford Hendel "are very knowledgeable of the Spanish legal framework" and "willing to put in extra effort to close a transaction.

The EMEA Legal 500 2012
Chambers Global Guide 2012, “Recommended Firm” in Banking and Finance

Expert Clifford Hendel brings his vast global expertise. He is a well-known adviser on international finance deals and joint-ventures.

Chambers Global Guide 2012
Chambers Global Guide 2011, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

"The team has a strong reputation in this area and has more recently been involved with restructurings".

Chambers Global Guide 2011
IFLR 1000 2010, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

The firm has established a good profile in financing. "Araoz & Rueda is active in the market. It is very strong in project financing and they have an acquisition financing practice advising the buyers in banking deals".

IFLR 1000 2010
The EMEA Legal 500 2010, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

The "outstanding" Araoz & Rueda is highly regarded for banking and project finance and restructuring work.

The EMEA Legal 500 2010
Chambers Europe Guide 2010, “Recommended Firm” in Banking and Finance

The firm´s compact size and flexible business model, with emphasis placed on partner-time and a generalist approach, have enabled the banking & finance department to successfully adapt and handle restructuring and project finance commissions. Sources say: "Exceptional technical knowledge coupled with a pragmatic focus on problems, as well as superb commercial relationships and client care". Clifford Hendel is recommended as a key individual.

Chambers Europe Guide 2010
The EMEA Legal 500 2009, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Generally regarded as “one of the best corporate boutiques in Spain”, Araoz & Rueda has also built up an impressive banking and finance track record. C

The EMEA Legal 500 2009
Chambers Europe Guide 2009, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Sources agree that Araoz & Rueda’s banking and finance team is a name to watch, as it is increasing its presence in local and cross-border transactions, acting for companies as well as international law firms without representation in Spain. Clients applaud the group’s high levels of service and the steady involvement of the partners in transactions. As one commentator elaborates: “The lawyers are incredibly responsive and diligent and they always go the extra mile”.

Chambers Europe Guide 2009
IFLR 1000 2008, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Araoz & Rueda has always maintained a strong banking practice and it maintains an impressive client list.

IFLR 1000 2008
Chambers Europe Guide 2008, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Observers comment on the firm’s improved visibility on the Spanish finance scene, with an increasing presence in international financing transactions.

Chambers Europe Guide 2008
The EMEA Legal 500 2008, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

Araoz & Rueda remains solid in this sector.

The EMEA Legal 500 2008
The EMEA Legal 500 2004, “Recommended Firm” in Banking and Finance

The firm has a growing finance practice and is attracting world-class clients.

The EMEA Legal 500 2004
IFLR 1000 2007, “Recommended Firm” in Banking and Finance_Guillermo-Yuste

The firm enters the rankings on the back of the numerous recommendations of its peers and on the strength of the deals it has recently closed. This year it retains its place among the premier Spanish firm.

IFLR 1000 2007
The EMEA Legal 500 2005-2006, “Recommended Firm” in Banking and Finance_Guillermo Yuste

"…the firm´s finance practice continues to attract plaudits in the market”. "…Araoz & Rueda has a well-regarded finance practice”.

The EMEA Legal 500 2005-2006

Urgent measures concerning insolvency law (RDL 11/2014)

On 6 September 2014, the Royal Decree Law 11/2014 of 5 September, by means of which certain urgent matters concerning insolvency law were adopted (hereinafter “RDL 11/2014”) was published in the Official State Gazette (“BOE”). Such RDL 11/2014 entered into force the following day to its publication. However, the final text is still pending to be confirmed by the Parliament.

Informative Note - September 2014

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Main amendments of the RDL 4/2014 of 7 March

On 8 March 2014, the Royal Decree-Law 4/2014 of 7 March, adopting urgent measures on business debt refinancing and restructuring (hereinafter the “RDL”) was published in the Official State Gazette.

Informative Note - March 2014

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La nueva ola inmobiliaria: activos bancarios y sectores alternativos

Lugar: Madrid

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“Q&A: providing an overview to lending and secured finance laws and regulations in Spain”

Publication: Country Comparative Guide 2019 - The Legal 500
Authors: Rafael Bazán
Date: May 2019

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“Servicios de pago: adaptarse o morir”

Publication: Cinco Días
Authors: Javier Sánchez
Date: June 2018

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“Nuevo sobresalto hipotecario”

Publication: El Economista (daily economic newspaper)
Authors: Eduardo de León and Guillermo Yuste
Date: January 2017

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“Las nefastas consecuencias del fallo europeo”

Publication: Cinco Días (daily economic newspaper)
Authors: Guillermo Yuste
Date: December 2016

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Rafael Bazán, nuevo socio del departamento Bancario & Financiero

Resumen del desayuno: "La nueva ola inmobiliaria: activos bancarios y sectores alternativos"

Latest news

Latest events

Financiación de terceros y asignación de costas en arbitraje: ¿qué puedo recuperar y qué no?

April 2, 2019

Organises: CEA-40 (Spanish Arbitration Club)
Lecturer: Ángel S. Freire

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III Arbitraje Internacional, Perspectivas Actuales

January 24-25, 2019

Organises: Union Internationale des Avocats (UIA)
Lecturer: Ainhoa Veiga (Ángel S. Freire member of the organizing committee)

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2018 UIA Congress

October 30 - November 3, 2018 (Oporto)

Organises: Union Internationales des Avocats
Lecturer: Ángel S. Freire

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