Jose  Carles  picture Jose Carles


C/ Génova, 4
Madrid, 28004


José Carles is a multilingual lawyer, chartered economist and insolvency receiver admitted to practice in Spain. Co-founder of the Spanish legal boutique CARLES | CUESTA Abogados, where he is Co-Managing Partner and Head of the area of Business Recovery, Restructuring and Insolvency. Prior to CARLES | CUESTA, he worked at Garrigues Restructuring and Insolvency team (Madrid) and as an investment banker at UBS Investment Bank (London).

He is co-chair of INSOL Europe’s Insolvency Tech & Digital Assets wing and co-editor of INSOL Europe’s insolvency journal Eurofenix.

José is a Fellow of INSOL and completed the Global Insolvency Practice Course of INSOL International in 2019/2021 with honours. Master in Company Law from Centro de Estudios Garrigues and Harvard Law School, BA in Law (ICADE, Madrid) and BSc in Business Administration (ICADE, Madrid and ESSEC Business School, Paris).

He is also the director of Madrid’s Bar association (ICAM) Restructuring & Insolvency master program (Master en Reestructuraciones Empresariales), in which he also lectures, and is one of the six members of the advisory committee to the insolvency wing of Madrid’s Bar Association. Since 2013, José has been a professor in restructuring and insolvency law at ICADE’s LLM program, Universidad CEU San Pablo, Centro de Estudios Financieros or Universidad Villanueva and has been regularly invited as a speaker by international institutions other universities worldwide. He has written over 40 publications on Restructuring & Insolvency Law.

José is among the founding members of the Spanish Club of Insolvency Law (CEDI) and is an active member of the American Bankruptcy Institute, INSOL International, INSOL Europe or the International Insolvency Institute (NextGen).

Multilingual, José speaks Spanish, English, French, Italian, German, Catalan and Hebrew.

Honors and Awards

INSOL International. INSOL's Future 40 (INSOL's Young Practitioner Spotlight) 2022

Global Restructuring Review (GRR) 40 under 40 2022

Who's Who Legal (WWL) Restructuring & Insolvency 2022. Global Leader. Recommended

INSOL International. INSOL Fellow after graduating from the Global Insolvency Practice Course 2019/2021 with honours

Who's Who Legal (WWL) Commercial Litigation 2021. Global Leader. Recommended

Who's Who Legal (WWL) Iberia 2021. National Leader. Recommended under the categories of Litigation and Restructuring & Insolvency

Who's Who Legal (WWL) Restructuring & Insolvency 2021. Global Leader. Recommended

International Insolvency Institute. NextGen Leadership Program. Class IX 2020 (New York).

Global Restructuring Review. Names to Know in Spain 2020

Who's Who Legal (WWL) Litigation 2020. Global Leader. Recommended

American Bankruptcy Institute. ABI 40 under 40 (class of 2019). Emerging Leader in Insolvency Practice

International Lectures

Justice Programme of the European Union / European Lawyers Foundation (Bilbao, Spain). "Rights, obligations, liability and communication" within the Training of Lawyers on EU Instruments on Insolvency Law. 07/10/2022

LA LEY Insolvencia (Webinar). "Experiencias de éxito en Reestructuraciones Empresariales" with Manuela Serrano and HH Alfonso Muñoz Paredes. 04/10/2022

International Insolvency institute NextGen Panel (Toronto, Canada). "DIP Financing: A Cross Jurisdictional Comparison" with Kathlene Burke (UK), Iacopo Donati (Italy), Steven Golden (US) and Sheila Ng (Singapore). 08/09/2022

Guildhall Chambers Insolvency Seminar (Bristol, UK). "Brexit. Cross-border Insolvency. Where are we now? Où en sommes-nous? ¿Dónde estamos?" with Stefan Ramel (UK) and Georges-Louis Harang (France). 21/06/2022

TMA Europe Annual European 2022 (Madrid, Spain). "Unlocking crypto in restructuring" with Lisa Hough (US) , Julie Lavoir (France), Christian Hilpert (Germany), Elodie Trevillot (France). 10/06/2022

International Insolvency Institute (III), Podcast episode (Spotify/Apple). “Global Perspectives. Updates on Spain's Insolvency Regime” with former Minister of Justice in Spain Rafael Catalá. 06/04/2022

INSOL Europe Annual Congress 2022 (Dublin, Ireland). “Cryptoassets and fraud – what the insolvency practitioner needs to know” with Carmel King (UK), Danielle Haston (UK) and Aidan Larkin (Ireland). 05/03/2022

Centro de Estudios Financieros (CEF), Madrid (Spain). “Compraventa de empresas en concurso de acreedores”, with Carlos Cuesta. 08/02/2022

Johann Wolfgang Goethe-Universität Frankfurt am Main (Germany), Guest Lecture "Wirecard, bankruptcy and corporate fraud" with Prof. Doctor Annika Wolf. 03/12/2021

O.P. Jindal Global (Sonipat, India), “Advocacy in court in international cases, differences to national cases” in the International and Comparative Corporate Restructuring & Insolvency online programme created by the International Insolvency Institute, with Adam Crane (Cayman Islands). 25/11/2021

International Insolvency Institute, New York. “COMI In the Digital Age. Determining COMI of a Virtual Business” with Adam Crane (Cayman), Maja Zerjal (US) and Ilya Kokorin (The Netherlands). 20/10/2021

INSOL Europe Autumn Online Conference. “Real estate industry: New measures passed by the states” with Giorgio Corno (Italy), Frances Coulson (UK) and Stathis Potamitis (Greece). 07/10/2021

Spain US Chamber of Commerce, Webinar "Insolvency Proceedings in the U.S. and Spain: A Comparative Discussion During the COVID-19 Pandemic". 26/03/2021

Université Paris Nanterre (France), Guest Lecture "Cross Border Insolvency. A practical perspective" with Prof. Doctor Eugenio Vaccari. 08/03/2021

Johann Wolfgang Goethe-Universität Frankfurt am Main (Germany), Guest Lecture "Wirecard, bankruptcy and corporate fraud" with Prof. Doctor Annika Wolf. 27/11/2020

Comisión de Derecho Concursal de Barra Mexicana (Mexico). Webinar "Aspectos internacionales de las insolvencias y las reestructuras ante la crisis económica causada por el COVID-19". 02/07/2020

International Insolvency Institute. III NextGen Webinar Series. Insolvency & Restructuring at the time of Covid-19. "Focus on EMEA. Session 2: France, Italy, Germany and Spain”. 03/06/2020

NPL Investing & Servicing Summit Athens 2019 (DDC Financial). Athens (Greece). "NPL Investing & Opportunities in Iberia". 17-18/10/2019

INSOL Europe - AIJA Joint Insolvency Seminar. Mallorca (Spain). "Receiving support: Banking instruments to support the activities of the receiver". 13-15/06/2019

University of Essex. Essex (UK). "Brexit. Regulatory Challenges for Business Law. Impact of Brexit in Insolvency Law". 10/05/2019

Chubb Insurance. Dive In Festival on Diversity and Inclusion. Madrid (Spain). "Social reintegration and inclusion of former prisoners at the workplace". 26/09/2018

City Law, The City University of London. London (UK). "Treatment of Executory Contracts under Insolvency: Spain". 06/04/2017

Conferencia internacional UNIJES. Barcelona (Spain). "Avances legislativos en las soluciones extrajudiciales al Concurso de Acreedores". 02/07/2013


"Rescue Financing: Roll-Ups in USA, Italy, Singapore and Spain" (Norton Journal of Bankruptcy Law and Practice, Vol. 31 No. 5, October 2022)  Burke, K., Carles, J., Donati, I., Golden, S., and Ng, S.  

“Cryptoassets and fraud: what the insolvency practitioner needs to know. Roads? Where we’re going, we don’t need (Silk) Roads!" (Eurofenix, Issue 88, Summer 2022). Carles, J., King, C., Haston, D., Larkin, A.

"Debtor-in-Possession Financing. Lecciones a aprender de Estados Unidos" in Actualidad Mercantil 2022 (Tirant Lo Blanch, 2022). Carles, J., Cuesta, C., Mas, M.

"A comparison of real estate-focused measures in the Covid-19 pandemic" (Eurofenix, Issue 86, Winter 2021/22). Carles, J., Corno, G., Coulson, F., Potamitis, S.

"In Search for COMI of a Decentralised Autonomous Organisation" (Norton Journal of Bankruptcy Law and Practice, Vol. 30 No. 5, October 2021). Carles, J., Crane, A., Kokorin, I., Zerjal, M.

"Digital Gold: Implications of crypto assets under an insolvency scenario" (Eurofenix, Issue 84, Summer 2021). Carles, J., Le Pajolec, L., Orsula, D.

"Rapid Innovations in Digital Finance" (Recovery, the magazine of R3, the Association of Business Recovery Professionals, Summer 2021). Carles, J., Le Pajolec, L., Orsula, D.

"Digital Gold: Implications of crypto assets under an insolvency scenario" (Eurofenix, Issue 84, Summer 2021). Carles, J., Le Pajolec, L., Orsula, D.

"The Introduction of Pre-Pack Administrations in Spain" (International Corporate Rescue, Volume 13, Issue 3, May 2021). Carles, J., De Lucas, P.

"Welcome to Spain, prepacks" (Eurofenix, Issue 83, Spring 2021). Carles, J., Cuesta, C.

"Digital finance and crypto assets news from Brussels" (Eurofenix, Issue 83, Spring 2021). Carles, J., Le Pajolec, L., Orsula, D.

"Wirecard - Serial fraud or an exceptionally pathological case?" (Eurofenix, Issue 81, Autumn 2020). Carles, J., Le Pajolec, L., Heynickx, B., Wogue, P.

"Spain. A new Insolvency Act Recast" (Eurofenix, Issue 81, Autumn 2020). Carles, J., Cuesta, C.

"Capítulo 8. Arbitraje y Concurso" in Memento Arbitraje (Lefebvre, July 2020). Carles, J., Cuesta, C., Martínez, P.

"The Spanish Insolvency Reaction to COVID-19" (International Corporate Rescue, Volume 17, Issue 4, July 2020). Carles, J., De Lucas, P.

"Was court-life across Europe prepared for the COVID-19 crisis?" (Eurofenix, Issue 80, Summer 2020). Carles, J., Le Pajolec, L., Orsula, D.

"Guías Sectoriales Covid-19. Sección de Reestructuraciones e Insolvencias" (Ilustre Colegio de la Abogacía ICAM, May 2020). Carles, J., Cuesta, C., Thery, A., Martín, P.

"Covid-19: Spain introduces second round of insolvency measures" (Global Restructuring Review, April 2020). Carles, J., Cuesta, C.

"La resurrección del reconvenio de acreedores ante la pandemia del Covid-19" (Ed Aranzadi - Legal Today, Aprill 2020). Carles, J., Cuesta, C.

"Spain - Covid 19 Response" (Global Insolvency, April 2020). Carles, J., García-Quismondo, R.

"Covid-19: What insolvency-related measures has Spain put in place?" (Global Restructuring Review, April 2020). Carles, J., Cuesta, C.

"Código de Derecho de la Sostenibilidad" (Agencia Estatal Boletín Oficial del Estado, February 2020). Martínez-Echevarría, A., Carles, J., Cuesta, C. y otros.

"Abengoa subsidiary faces first creditor-forced insolvency proceedings" (Eurofenix. The Journal of Insol Europe, Spring 2019). Carles, J., Cuesta, C.

Executory Contracts in Insolvency Law (EE Publishing, 2019). "Chapter 21. National Report for Spain", Carles, J., Cuesta, C.

"Concurso exprés: declaración y conclusión simultánea del concurso por insuficiencia de masa activa" (Ed Aranzadi - Legal Today, April 2019). Carles, J., Linares, M.

"Impago de rentas y concurso de acreedores del arrendatario" (Ed Aranzadi - Legal Today, August 2018). Carles, J., Cuesta, C.

"Compraventa de unidad productiva en concurso de acreedores en liquidación. Subrogación de créditos por el adquirente" (Ed Aranzadi - Legal Today, May 2018). Carles, J., Maanan, M.

"Competencia del Juez del concurso en acciones de resolución contractual" (Ed Aranzadi - Legal Today, February 2018). Carles, J., Cuesta, C.

Tratado de Sociedades de Capital. Comentario Judicial, Notarial, Registral y Doctrinal de la Ley de Sociedades de Capital (Thomson Reuters. Aranzadi, September 2017). "Artículo 513. Publicidad del Reglamento". Martínez-Echevarría, A., Carles, J.

BOOK REVIEW: Commentary on the European Insolvency Regulation (Global Restructuring Review, April 2017). Carles, J.

Las medidas preventivas de conflictos jurídicos en contextos económicos inestables (Dykinson, 2014). "Avances legislativos en las soluciones extrajudiciales al concurso de acreedores". Carles, J.

"Adquisición de unidades productivas en concurso de acreedores y deudas de Seguridad Social" (Ed Aranzadi - Legal Today, October 2014), Carles, J., Galán, C.

"Inmovilismo del pasivo financiero ordinario en los concursos de acreedores de PYMEs", "Autonomía de la voluntad, acreedores disidentes, quórum y concurso de acreedores", "Los nuevos créditos ordinarios de acreedores privilegiados tras la reforma de la Ley Concursal" (Ed Aranzadi - Legal Today, September 2014), Carles, J., Cuesta, C.

"La incorporación de la liberación de deuda en el Derecho Concursal español" (Ed Aranzadi - Legal Today, November 2013), Carles, J., Cuesta, C.

"La problemática del concurso de acreedores de la persona física. Soluciones jurisprudenciales y de Derecho Comparado" (Ed Aranzadi - Legal Today, March 2013). Carles, J., Cuesta, C.

Anuario de Derecho Concursal núm. 25 (Aranzadi - Civitas, February 2012). "La aprobación judicial acelerada de la propuesta de convenio (AJM 1 Barcelona 27.9.2010 y SJM 1 Barcelona 29.10.2010)". Fernández, A., Thery, A., Carles, J.

"Concurso de acreedores de Spanair. Pasos que han de seguir los acreedores para maximizar sus posibilidades de cobro" (Ed Aranzadi - Legal Today, January 2012), Carles, J., Cuesta, C.

"Una reforma orientada a la dinamización de nuestro tejido empresarial" (Ed Aranzadi - Legal Today, January 2012), Carles, J., Cuesta, C.

Interviews & citations in specialised press

"III NextGen, Toronto: DIP roll-ups across jurisdictions", Global Restructuring Review, September 2022

"Global construction group completes “landmark” pre-pack in Spain", Global Restructuring Review, August 2022

"25 de agosto: El Pleno extraordinario del Congreso dará luz verde a la reforma concursal", Confilegal, August 2022

"Abengoa companies enter pre-insolvency after state aid refused", Global Restructuring Review, July 2022

"INSOL Europe, Dublin: “Crypto is not coming down the road, it’s already here", Global Restructuring Review, March 2022

"Entrevista: José Carles: “Eliminar al abogado concursal es como negárselo a quien va a ir a la cárcel”, Cinco Días, Octubre 2021

"Diccionario para entender la reforma concursal que viene", Cinco Días, Julio 2021

"Soluciones para evitar el 'apocalipsis' de las tiendas, EL PAÍS, Julio 2021

"Courts in Spain’s Balearic Islands follow Barcelona’s lead on pre-packs", Global Restructuring Review, May 2021

"Former Spanish justice minister joins Carles Cuesta", Global Restructuring Review, May 2021

"Young Members' Spotlight: José Carles", Insol World (INSOL INTERNATIONAL), April 2021.

"Madrid courts decline to follow Barcelona’s lead on pre-packs", Global Restructuring Review, March 2021.

"Barcelona judges release pre-pack guidelines", Global Restructuring Review, February 2021.

"Barcelona court approves Spain’s first pre-pack", Global Restructuring Review, November 2020.

"International Insolvency Institute announces new members of NextGen leadership programme", Global Restructuring Review, June 2020.

"José Carles: «Si el Gobierno no consulta al sector privado, acabará con gran parte del tejido empresarial»", ABC, May 2020.

"Regulatory round-up: more insolvency laws catch up with covid-19", Global Restructuring Review, May 2020.

"#Interview : What is the current situation of businesses in Spain after the outbreak of coronavirus?", Mayday Magazine (France). April 2020.

"UK joins other nations in suspending wrongful trading", Global Restructuring Review, March 2020.

"Staving off covid-19 collapses", Global Restructuring Review, March 2020.

"Abengoa subsidiary's creditors agree restructuring plan", Global Restructuring Review, February 2020.

"A victim of its own success? Spain Worked Out", Global Restructuring Review, January 2020.

"Spain Worked Out: The highs and lows of homologation", Global Restructuring Review, January 2020.

"Spain Worked Out: Spain's reforms wish list", Global Restructuring Review, January 2020.

"#Interview : José Carles « We need to adapt to tech as insolvency does not escape from it. At INSOL we are well aware of it »", Mayday Magazine (France). October 2019.

"Spanish court blocks David Guetta London arbitration under EIR", Global Restructuring Review, October 2019.

"Dia staves off insolvency filing as refinancing closes", Global Restructuring Review, July 2019.

"Slate of firms agree Spanish supermarket refinancing", Global Restructuring Review, June 2019.

"Brexit deal: EU insolvency rules to stay in place during transition period", Global Restructuring Review, November 2018.

"Lawyers brand European Commission proposals on reducing NPLs difficult to implement", Global Restructuring Review, October 2017.


European Insolvency Regulation