Álvaro Pastrana Maseda

Senior Associate
Madrid
About

Álvaro is a senior associate in the Restructuring practice, which is part of the Finance department at DLA Piper Spain’s Madrid office. He develops his practice in the field of restructuring, insolvencies, and special situations management, having recently joined the Firm.

Álvaro has more than thirteen years of professional experience, most of which he spent at a renowned international law firm.

Throughout his career, he has advised financial institutions, investment funds, and large corporations, both domestic and international. He has extensive experience in the structuring and court approval of restructuring plans, having participated in all types of processes from the perspective of debtors, financial creditors, and even as a restructuring expert. In addition, he has been involved in some of the largest refinancings and insolvency proceedings in Spain in recent years.

Over the course of his career, Álvaro has also had the opportunity to advise credit institutions and debt funds on numerous transactions in the secondary debt market, including portfolios of non-performing loans (NPLs) and single names, special situations financing projects, and pre-pack sales of business units.

Areas of FocusFinanceRestructuring

EXPERIENCE

  • One of the leading Spanish manufacturers of components for the automotive industry on obtaining the first financing for an amount of EUR150m under the ICO Guarantee Line for the Response and Commercial Relaunch Plan created by Royal Decree-Law 4/2025.
  • One of the main Spanish construction companies on the sale and purchase of a series of real estate assets within the framework of the seller’s restructuring plan, and on the management of various special situations financing projects.
  • One of the largest national credit institutions on the execution of the sale of a loan portfolio linked to the hotel sector, with a perimeter EUR300m.
  • A group in the aquaculture sector with operations in Spain and Greece on the restructuring of its debt exceeding EUR300m.
  • A Spanish group dedicated to the management and operation of restaurant chains focused on fast food and home delivery on the design and execution of its financial and operational restructuring.
  • One of the leading European financial institutions on transactions in the secondary debt market related to Madrid’s radial toll roads and on the subsequent management of credit positions in insolvency proceedings and several related court proceedings.
  • The largest financial creditors in the insolvency proceedings of Marme Inversiones (owner of Banco Santander’s Financial City) with liabilities exceeding EUR2bn.
  • The Asset Management Company for Assets Arising from the Banking Sector Reorganisation (SAREB) in the largest insolvency proceedings in which the entity has been involved during its activity.
Languages
  • Spanish
  • English

AWARDS AND RECOGNITION

  • Member of the Restructuring & Insolvency Team of the Year (2020, Iberian Lawyer)
Education
  • University of Navarra, IESE Business School (Madrid Campus), Special Program of the Faculty of Economics, 2012
  • University of Navarra, Degree in Business Administration and Management, 2012 
  • University of Navarra, Degree in Law, 2011

Publications and media

  • Contributor to the 2025 edition of the book “Formularios Concursales y de la Insolvencia. Derecho preconcursal y planes de reestructuración” (Bankruptcy and Insolvency Forms. Pre-insolvency Law and Restructuring Plans).

Memberships and Affiliations

Madrid Bar Association

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Connect

Phone

+34 917 887 334
(Work, Madrid)
+34 664 718 349
(Mobile, Madrid)