Rafael Aguilera discusses about current financial activity marked by tariff uncertainty | El Confidencial

The imposition of tariffs causes difficulties for M&A advisors as access to financing may be disrupted by market uncertainty.

The financial departments of law firms foresee a year of almost identical activity in the sector to the previous one. 57% of the law firms consulted say so, compared to 23% who are more optimistic.

In this line, Rafael Aguilera, partner and head of Banking and Finance, comments that “The slowdown and uncertainty may generate more activity in debt restructurings (middle market). Safe-haven sectors such as real estate finance may also see more activity. He adds that “interest rates are falling and there is no lack of liquidity in the market. I think the limiting factor for M&A transactions, at least for the moment, is more linked to uncertainty than to financing.

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