The Spanish Association for Fintech and Insurtech (AEFI) and the international law firm in Spain, CMS Albiñana Suárez de Lezo (CMS Spain), have signed a cooperation agreement in which the firm becomes one of the legal partners of the association with the task of providing advisory services and to carry out dialogue, communication and collaboration tasks with the relevant organizations and agents of the system in order to strengthen the fintech and insurtech ecosystem in the Iberian country. This was reported by AEFI Cointelegraph in Spanish through a statement.
As they declared CMS Spain is a law firm with experience in legal advice and has a team that specializes in insurance and innovation Under the leadership of Jaime Bofill, who has been associated with the AEFI for years and has advised national and foreign insurance companies for a long time.
“”The team has many years of experience in the fintech and insurtech ecosystem and will work with the association to continue working with the administration on the regulatory development and with a view to the final launch of the sandbox in Spain, “they said in the statement
Rodrigo García de la Cruz, President of the Spanish Federation of Fintech and Insurtech (AEFI) said:
“We are very pleased to work with one of the leading law firms with great recognition in our country, especially in the area of insurance and innovation. This alliance will enable us to jointly build bridges to develop the fintech and insurtech ecosystem in Spain, promote best practices and move forward in the regulatory field. “
For his part, Jaime Bofill, partner of CMS Spain, said:
“We are proud to support the great work of AEFI and to contribute to the development of this growing sector, whose key players are working on fascinating projects that will set clear trends in the future. We will help create a regulatory environment that promote, encourage and protect “.
The Spanish Fintech and Insurtech Association, established with the aim of creating a favorable environment for the development of startups and fintech and insurtech companies in Spain, represents fintech companies through vertical groups led by specialized coordinators.
The association tries to work together, innovate and position Spain as a pioneer focus of FinTech and InsurTech. Building bridges in the Spanish FinTech ecosystem and promoting interaction between market participants. AEFI currently has 140 affiliated companies and 30 international alliances.
About CMS Spain
CMS Spain has more than 100 lawyers in Madrid, Barcelona and Seville and a history of more than 60 years. It has been part of the CMS organization since 2005.
Founded in 1999, CMS is among the top five law firms in terms of number of lawyers (Am Law Global 100, 2018). With 75 offices in 43 countries worldwide and more than 4,800 attorneys, CMS has experience advising in both local and international jurisdictions.
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