Securitisation 2025

SPAIN Law and Practice Contributed by: Jaime de la Torre and Jaime Juan Rodríguez, Cuatrecasas

Cuatrecasas has more than 1,700 profession - als and is firmly established in Spain, Portugal and Latin America, where it has offices in Chile, Colombia, Mexico and Peru. The Cuatrecasas securitisation team is based in Madrid and Bar - celona, and provides legal advice to origina - tors, management companies, rating agencies, placement entities and arrangers on the struc - turing and execution of securitisation transac - tions regarding all types of underlying assets, including residential mortgage, commercial

mortgage, credit cards, auto loans, leasing, trade receivables, non-performing loans, etc. Cuatrecasas has a strong focus on green se - curitisation, and especially the application of green labels, including the European Green Bond (EuGB). It recently advised UCI in the first green public securitisation in Spain (RMBS Green Prado XI), the JLMs in a landmark auto loan transaction (Santander Consumer Auto 2024-1), and ING in the biggest Spanish secu - ritisation (Sol Lion II).

Authors

Jaime de la Torre is a partner at Cuatrecasas and advises private and public entities on debt capital markets issuances, public and private placings, domestic and international

Jaime Juan Rodríguez is a principal associate at Cuatrecasas and provides legal advice on DCM, securitisation and derivatives. He advises originators, arrangers and rating

issuances, and high-yield and direct lending transactions. He regularly advises on acquiring distressed debt and non-performing loans. Jaime is admitted to practice in Spain in the Madrid Bar (Ilustre Colegio de Abogados de Madrid) and in England & Wales. He lectures in postgraduate and specialisation courses at different universities, including ESADE Business & Law School, CUNEF University College of Financial Studies, the Institute of Stock Exchange Studies and Universidad CEU San Pablo

agencies on public and private securitisations. His expertise in derivatives extends to ISDA and CMOF standards, as well as bespoke formats for electricity PPAs. Jaime Juan is admitted to practice in Spain as a member of the Madrid Bar (Ilustre Colegio de Abogados de Madrid) and is an adjunct professor in undergraduate law programmes on private law (civil law).

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