Europe keeps regulating
IBERIAN LAWYER
The main digital monthly magazine providing information on the legal and business sectors in Spain and Portugal.
by Julia Gil
Last week the European Parliament voted on the world's first "historic" artificial intelligence law, with the aim of protecting fundamental rights, democracy, the rule of law and environmental sustainability from the risks posed by AI. While Europe continues to lead the way in regulation, law firms in Iberia continue to grow and add talent. At national firm Ceca Magán, former Clifford Chance partner and Uría Menéndez partner Jaime de San Román has been recruited, along with former Toda & Nel-lo partner Jacobo Ollero. In Portugal, Cecilia Meireles, head of the Lisbon office from 2022, has been promoted to partner in charge of the ESG practice. Jones Day and King Wood Mallesons have also incorporated and promoted counsels, respectively, in different areas.
On the other hand, March continued to be a very active month in transactional terms. Telefónica issued 1.1 billion euros in green bonds, advised by Linklaters. MoraBanc closed a deal to buy a majority stake in Tressis, through which it will manage more than 7,500 million euros in assets, a transaction advised by Allen & Overy and Uría Menéndez. In addition to other operations in the energy, real estate and M&A sectors.
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