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Portrait ofJaime Bofill

Jaime Bofill

Partner

CMS Albiñana & Suárez de Lezo
Paseo de Recoletos 7–9
28004 Madrid
Spain
Languages Spanish, English

Jaime Bofill heads the Insurance, Reinsurance & Innovation department at CMS Albiñana & Suárez de Lezo. He specialises in insurance, reinsurance, financial institutions, retail banking, payment services and the emerging areas of Fintech and Insurtech. 

He regularly advises on corporate transactions and insurance and reinsurance distribution, including M&A, the creation of joint ventures and business restructuring in the insurance sector, as well as advice on insurance and reinsurance policy cover. He has designed, coordinated and had a hand in numerous cross-border mergers between European insurers and is a renowned expert in portfolio transfers (at domestic and international level) and the sale and purchase of insurance companies. 

Jaime also specialises in regulatory law and relationships with the Spanish authorities, having been involved in countless complex cases before the Directorate-General for Insurance and Pension Funds. 

He has acquired vast experience in the payment services sector where he has worked for domestic and international enterprises on aspects relating to the Payment Services Directives and their implementation in Spain, not to mention his work on money laundering and its corresponding obligations. He has also previously worked for payment services companies on international matters.

He is ranked in Band 3 for Insurance and Fintech by Chambers & Partners and features as a recommended lawyer by Best Lawyers, Expert Guides and Who's Who Legal. In recent years he has received several Acritas stars as an independently rated lawyer and for his work on regulatory matters.

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“Bofill has innate qualities which help him come up with the best solutions”.
“He is engaged, responsive, and always keeps us in the loop".

Chambers & Partners

“He is really responsive, business-friendly and commercial”.

Chambers FinTech

“Jaime and his team are really involved in payments and insurance and regulation”.
“He has good communication skills to help connect the different actors; Not all lawyers and technical experts have this ability”.

Chambers FinTech

Relevant experience

  • Jaime has advised sector-leading companies on a wide range of matters, including the Spanish FinTech Association (AEFI) on the formation of the sandbox in Spain, an international insurer on one of the first cross-border mergers in Europe involving a Spanish insurance company, several top-tier insurers on disputes and as an intermediary with the Directorate-General for Insurance and Pension Funds on regulatory matters, Fintech enterprises on authorisation processes with the Bank of Spain and several international payment services firms on setting up their businesses in Spain. 
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Publications

  • Jaime often writes articles and pieces on his areas of expertise for both specialist and general media.
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Lectures list

  • Jaime lectures on contractual law and professional civil liability for the Master's Degree in Access to the Legal Profession at Universidad Pontificia Comillas ICADE (Madrid, Spain). What's more, he has also acted as guest speaker at numerous conferences and events throughout his vast career.
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Education

  • 2003 - Master's Degree in Law, Instituto de Empresa, Madrid (Spain).
  • 1998 - Graduate of Law, Universidad de Navarra, Pamplona (Spain).
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Feed

19/06/2024
CMS Expert Guide to Crypto Regulation in Spain
Disclaimer: This chapter was last updated on 3rd May 2024 and does not reflect any subsequent developments. The information provided is intended for general informational purposes and should not be construed...
30/10/2023
Spain reduces the transitional regime for crypto asset service providers...
Crypto asset service providers registered with the Bank of Spain can continue to operate after the MiCA date of application and until December 2025.
21/06/2023
ARTs in detail
21.06.2023
12/06/2023
The European Union’s Markets in Crypto Assets law (MiCA) was published...
The countdown for the European Union’s Markets in Crypto-Assets law (MiCA) has begun, with entry into force next December 2024, following its publication in the Official Journal of the European Union last Friday, 9 June. In this factsheet we highlight the key aspects of this new regulation on Crypto-assets, which defines an EU-wide regulatory framework for the first time , including the requirements applicable to the issuance of Crypto-assets and the regulation of Crypto-asset service providers.
19/05/2023
Insurance law and regulation in Spain
1. Introduction Insurance and insurance distribution activities in Spain are regulated, among others, under the Act 20/2015, of 14 July on the organisation, supervision and solvency of insurance and reinsurance...
14/04/2023
The implications of the new Spanish Law on Securities Markets and Investment...
On 17 March 2023 Spanish Law 6/2023 of 17 March on Securities Markets and Investment Services ("LMVSI") was published in the BOE (Spanish Official Gazette). In this regard, the LMVSI has been approved...
14/04/2023
The implications of the new Spanish Law on Securities Markets and Investment...
On 17 March 2023 Spanish Law 6/2023 of 17 March on Securities Markets and Investment Services ("LMVSI") was published in the BOE (Spanish Official Gazette). In this regard, the LMVSI has been approved...
11/04/2023
The implications of the new Spanish Law on Securities Markets and Investment...
Jaime Bofill, Marisa Ruiz, Sara Piñero & Rodrigo PérezOn 17 March 2023 Spanish Law 6/2023 of 17 March on Securities Markets and Investment Services ("LMVSI") was published in the BOE (Spanish Official...
03/04/2023
Spain: New Law on Securities Markets and Investment Services
On 18 March 2023, Law 6/2023 of 17 March on Securities Markets and Investment Services (the "LMVSI", as per its Spanish acronym) was published in the Official State Gazette (or "BOE"), replacing legislation...
31/03/2023
Spain: New Law on Securities Markets and Investment Services
On 18 March 2023, Law 6/2023 of 17 March on Securities Markets and Investment Services (the "LMVSI", as per its Spanish acronym) was published in the Official State Gazette (or "BOE"), replacing legislation...
30/03/2023
New Law on Securities Markets and Investment Services
Ricardo Plasen­cia, Lucía Escauriaza & Adrián AracilOn 18 March 2023, Law 6/2023 of 17 March on Securities Markets and Investment Services (the "LMVSI", as per its Spanish acronym) was published in...
15/02/2023
Insurance Group - InsurTech Expert Guide
Big Data, artificial intelligence, blockchain solutions, along with the innovative use of web platforms and mobile technology have brought distinct advantages to the insurance sector. However, to fully take advantage of these advances in technology market participants must adapt to the shifting regulatory environment. CMS Insurance Group’s InsurTech Expert Guide intends to shed light on the outstanding opportunities that stem from the current rules on insurance distribution and digitalisation technologies. The publication has also been designed to help traditional insurance and InsurTech companies prepare for future regulations. Our Expert Guide cov­ers:Bel­gi­um­FranceIta­lyPo­r­tugalUkraineUnited KingdomThe NetherlandsSpain