Specialist in restructuring with extensive experience in refinancing and special situations in all sectors, as well as in insolvency proceedings.

Carlos Ara regularly advises lenders and investors on distress scenarios involving company restructurings and liquidity injections, defensive postpetition and loan-to-own financing, as well as on going-concern business acquisitions through pre-pack sales and liquidation plans. Recently, he has successfully handled complex multiparty negotiations, sometimes involving pre-litigation and court action.

He also regularly advises on the monetization of illiquid assets (e.g., claims, deferred tax assets), liquidity transactions with inventory as collateral and sale-and-leaseback transactions. His court experience includes insolvency (e.g., clawback, subordination, pre-packs); enforcement of financing contracts and security interests: M&A (R&W), NPL and REO transactions; and corporate governance and directors' fiduciary duties.

Admitted to practice law in Spain and in New York State, he lectures at Universitat Pompeu Fabra and speaks regularly at forums on his specialty.


  • Doctor of Laws (thesis: corporate governance of distressed companies)
    Universitat Pompeu Fabra, Barcelona, 2017

    Master of the Science of Law
    Stanford Law School, 2013

    Master in Tax Consultancy and Management
    ESADE Business & Law School, Barcelona, 2012

    Master in Insolvency Law
    Universidad CEU San Pablo, Madrid, 2011

    Bachelor of Business Administration and Management
    Universidad de Zaragoza, 2009

    Bachelor of Laws
    Universidad de Zaragoza, Spain, 2009

Directory Mentions

Recommended Lawyer
Chambers & Partners Europe, Legal 500, Best Lawyers and Global Restructuring Review in Litigation, Restructuring & Insolvency and Investment Funds

Lawyer of the Year
Best Lawyers in Investment Funds (2022)