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Linklaters & Alliance is expanding in Spain with the addition of four corporate lawyers to its Madrid office.
Heading the newcomer list is Ignacio Santillan, currently head of legal at the SCLV (the trading and settlement body for the Spanish stock exchanges and the wholesale private debt market AIAF) and a former adviser to the CNMV, Spain's securities regulator.
Santillan will be joined by three other lawyers - from Garrigues & Andersen, Uria & Menendez and Freshfields. All four will join as associates.
Santillan's experience is a boost to Linklaters' ambitions in Spain. "This is a measure of our commitment to the Spanish market," says Miles Curley, managing partner of Linklaters' Madrid office. "We now have first-class lawyers from leading firms and there are more to come.
"The addition of Ignacio Santillan with his experience at the SCLV and the CNMV adds another dimension and establishes a credible regulatory and compliance practice that dovetails with our international financial markets group and banking and securities practice."
Regulatory expertise is considered valuable in Spain, where company law can be highly complex.
Curley, who acts for international firms investing in Spain says: "Quite often there are points in company's articles which make it very difficult for foreign buyers to gain overall control. While Spain recognises that there is now a global marketplace on a policy level, individual shareholders can make it difficult."
The other lawyers joining Linklaters are Javler Vasserot from Uria & Menendez and Guillermo
Munoz-Alonso from Garrigues & Andersen, who both work in mergers and acquisitions. Andres Lorrio, a former Freshfields manager in Spain will add corporate and banking experience.
"We have built up the firm from three lawyers last year to 12 now and we will continue to grow organically," Curley says.