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Salvador Ruiz Bachs

Partner

Madrid

Ruiz Bachs Salvador
Salvador Ruiz Bachs

Partner

Madrid

Salvador has wide experience in the regulation and contractual matters of financial institutions, financial instrument markets, OTC, clearing and settlement systems, custody and a wide range of financial products. He advises to financial entities, particularly, banks, investment firms, fund management companies, private equity firms, insurance and pension funds, among others, licensing and products requirements, rules of conduct, capital requirements, investment rules, major holdings in financial institutions and listed companies, transparency requirements and AML. His professional practice is also focused on contractual matters about banking, investment, insurance and other financial services, particularly, banking and investment contracts, complex financial products such as derivatives, financial collateral, trading, custody and settlement matters, investment and private equity funds.

Salvador has been ranked first in Spain as “Leading Individual” in Financial Services; Regulatory in the prestigious international directory, Chambers & Partners. He is also recommended as a Leading Lawyer by Best Lawyers in the practice areas "Venture Capital" and "Banking & Finance".

News & insights

Brexit day 1 readiness for European banks and investment firms

Publications: 15 OCTOBER 2019

Brexit day one readiness for European banks and investment firms: risk, legal and compliance changes for EU firms under EU law

We examine some of the ways in which a hard Brexit will affect the EU legal and regulatory obligations of EU financial services firms facing or using UK clients/counterparties/market infrastructure.

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Publications: 16 SEPTEMBER 2019

Spanish Supreme Court position on the effects of nullity of early termination clauses

On 11 September, the Spanish Supreme Court, in a plenary meeting, has issued ruling number 463/2019, stating its criteria on the effects of nullity of early termination clauses included in consumer mortgage loan agreements.

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Building

Publications: 17 JUNE 2019

Spanish new legal framework for mortgage services business: challenges and opportunities

On 29 April 2019 the Spanish government approved Royal Decree 309/2019, which develops certain key areas of Law 5/2019, which regulates real estate credit. Although the main purpose of these new rules is to regulate consumers’ rights in connection with mortgage loans and similar arrangements (see The new Real Estate Credit Act client alert issued by A&O in this regard), they also set out a new regulatory licensing framework for non-financial entities that provide credit, mortgage loan brokerage, and mortgage loan advisory services.

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Publications: 12 MARCH 2019

Financial contingency measures for a no-deal Brexit: Royal Decree-Law 5/2019

On 2 March 2019, Royal Decree-Law 5/2019, which sets out contingency measures in the event of a no-deal Brexit, was published in the Spanish Official Gazette (the RDL). The Spanish Government approved the RDL to regulate certain aspects regarding the exit of the United Kingdom and Northern Ireland (the UK) from the European Union, which is due to take place on 30 March 2019, without agreement.

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Office

Madrid

Allen & Overy
Serrano 73
Madrid
28006

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Qualifications

Professional

Admitted as solicitor, Spain,  

Academic

Degree, Law, Universidad de Alcalá de Henares, 1995

Degree, Economics, Universidad de Alcalá de Henares, 1994

Published work

"Financial reform and credit squeeze", Cinco Días, 25 February 2012.

"The Volker Rule and the Management of Hedge Funds", Revista FundsPeople, January 2012.

"The centralizing agent under review", Revista FundsPeople, October 2011.

"The impact of FATCA on non-American managers", Revista FundsPeople, September 2011.

"PLC Cross-border Investment Funds Handbook 2011" (Spanish chapter).

Co-author with Emilio Díaz Ruiz of "Payments under interest rate swaps are not interests themselves", La Ley no. 7387, 23 April 2010.

"Alternative investment management: some thoughts on the proposed European Directive", Revista Española de Capital Riesgo, no. 2, 2010.

"Netting master agreements, financial collateral and set-off (Comments on the Resolution of the Provincial Audience of Barcelona dated 30 September 2008)", Revista del Derecho del Mercado de Valores, no. 4, 2009.

"En Equity Derivatives: Documenting and Understanding Equity Derivative Products", editor Edmund Parker, Globe Business Publishing Ltd., London, 2009.

Co-author with Emilio Díaz Ruiz of "MiFID implementation in Spain", Actualidad Jurídica Uría Menéndez, no.19, 2008.

"New regulations of Collective Investment Schemes", Actualidad Jurídica Uría Menéndez, no. 13, 2006.

Comments to Sections 7 to 12 and 4th Final Provision, En Comentarios a la Ley 25/2005, de 24 de noviembre, "Reguladora de las Entidades de Capital-Riesgo y sus Sociedades Gestoras", dir.Emilio Díaz Ruiz and Juan Luis Iglesias Prada, Madrid, Civitas, 2006.

Co-author with Emilio Díaz Ruiz of "Measures for boosting productivity: relevant changes and some legal loopholes", La Ley, no. 6240, 27 April 2005.

"Main aspects of the reform of the regulatory framework applicable to collective investment schemes", Actualidad Jurídica Uría & Menéndez, no. 7, 2004.

"Liability vis-à-vis investors for non-using private, confidential or inside information", La Ley, no. 5991, 6 April 2004.

Co-author with Emilio Díaz Ruiz of  "Structured deposits", Revista de Derecho Bancario y Bursátil, no. 89, 2003.

Co-author with Emilio Díaz Ruiz "Undesirable effects on the financial system of the new Insolvency Act". La Ley, no. 5825, 16 July 2003.