The Legal 500




Legal market overview

The ‘Mexican moment’ shows no sign of passing: proximity to the US and rising labour costs in China have seen Mexico regain viability as a manufacturing base, foreign investment continues to grow and the country has a significant role in international trade, with exports matching the whole of the rest of Latin American put together. Capital markets activity has seen a significant boost, with the rise of FIBRAs (the Mexican equivalent of a Real Estate Investment Trust), AFORES (pension funds) and CKD issuances (a structured equity security instrument).

The new Government’s wide-reaching plans for reform also signal a move away from Mexico’s traditionally monopolistic industries, with interlinked changes to telecommunications and antitrust law currently being passed through Congress. Planned amendments to banking, labour and energy law similarly signal movement towards a more business-friendly market. Mexico’s entry into the Madrid Protocol also brings intellectual property rules in line with international standards.

In the legal market, global practices are increasingly looking to Mexico as a gateway into Latin America, a trend exacerbated by Brazil’s tighter regulations on foreign firms. Jones Day and Baker & McKenzie Mexico’s Mexican teams are pursuing ambitious recruitment drives, while Garrigues, Dentons and Hogan Lovells LLP have all confirmed their intentions to enter the jurisdiction. The latter has indeed already taken the first step with the hire of dispute resolution specialist Luis Enrique Graham from Chadbourne & Parke LLP; he will divide his time between Mexico and New York.

Creel, García-Cuéllar, Aiza y Enríquez, S.C., Galicia Abogados, SC, Mijares, Angoitia, Cortés y Fuentes S.C. and Ritch Mueller, S.C. continue to dominate the transactional space, with Creel taking a dominant role in FIBRAs. Despite suffering significant losses with the departures of Alberto Sepúlveda Cosío, Eugenio Sepúlveda and Ariel Ramos, White & Case, SC remains a powerful force in the market, leading the way in M&A and capital markets work.

Following its founding in 2011, Nader, Hayaux y Goebel, SC continues to develop its presence in a number of sectors; strong in finance-related matters, and with a growing reputation in project finance, it has market-leading capabilities in the insurance sector. Jáuregui y Navarrete, SC has increased its partnership through a combination of internal promotions and lateral hires. Long prominent in international trade matters, the firm is increasingly present in various other sectors, including real estate and projects. A steadily developing market presence, Gonzalez Calvillo, SC was present on several high-profile transactions during the year, and is increasingly recognised for its capital markets work.

High power boutiques Robles Miaja, SC and Heather & Heather, SC, with their widely respected founding partners Thomas Heather and Rafael Robles Miaja deserve special mention. As do relative newcomers, tax boutique Del Valle Torres SC and IP specialist Avahlegal, S.C., which are mounting serious competition to the traditional top-tier practices.

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Legal Developments worldwide

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  • MD: Finally! Liquidating a Company is Now a Mission Possible

    On 29 May 2014, the Moldovan Parliament passed the Act No. 90/2014 on amending and supplementing of certain legislative acts (Act No. 90). Act No.90, which entered into force on 27 June 2014, implements simplified rules on the liquidation of companies in Moldova (in particular, at the decision of their shareholders), namely by inter alia amending the Civil Code of Moldova, Act No. 845/1992 on Entrepreneurship and Enterprises, Act No. 220/2007 on State Registration of Companies and Individual Entrepreneurs.  read more...
  • How to Hire and Fire: A Global Guide 2014

    Multilaw's Labour & Employment practice group has produced a new 2014 edition of "How to Hire and Fire: A Global Guide." With content contributed by experienced employment lawyers from Multilaw member firms, the eBook provides a simple way for HR practitioners and clients to get a quick, uncomplicated overview of basic employment law information from jurisdictions around the world. The book reflects the law in each jurisdiction as of January 1, 2014. Jurisdictions covered by the 2014 edition include Argentina, Belgium, Bulgaria, Canada, China, Cyprus, Ecuador, European Union, Germany, Honduras, Hong Kong, India, Indonesia, Italy, Japan, Luxembourg, Malaysia, Netherlands, Oman, Paraguay, and Philippines, among others. The Philippine chapter was written by SyCipLaw partner  Leslie C. Dy . Visit the Multilaw website to access and download the file: .
  • How Can Turkish Banking Cope with the Changing Global Banking Dynamics?

    2008 global economic meltdown had served as an important wake up call for the global banking industry. The complicated web of interrelated financial instruments created by investment banking gurus, accompanied by a lax regulatory regime came to create one of the biggest financial disasters after the Great Depression and itself termed by many as the Great Recession costing millions of people their savings, jobs and houses.
  • American Defense Industry: Does the Legal Regime Hamstring the Business?

    The United States is still by far the leading country in defense spending, allocating a sizable portion of its GDP to produce cutting edge military technologies. However recent reports indicate a decline in American exports in military hardware. There are not only reports that point to an under-funding of procurement around USD$ 50 billion on an annual basis but also a general complaint on the part of the key players of the industry regarding the restrictive export regime that impedes the sale of military equipment to the non-American parties.
  • GSK Advises EnBW AG on Acquisition of Eni’s Joint Venture Holdings in Gas Business

    EnBW Energie Baden-Württemberg AG (EnBW) is acquiring the 50%  holdings of Eni Gruppe, Rome, in EnBW Eni Verwaltungsgesellschaft mbH, Stuttgart, thereby increasing its holdings to 100 %. This makes EnBW indirectly the sole shareholder of Gasversorgung Süddeutschland GmbH (GVS) and terranets bw GmbH. GSK Stockmann + Kollegen provided comprehensive legal advice to EnBW in connection with this transaction.
  • Transition to electronic meal vouchers - Paper meal vouchers disappear on 1 January 2016

    Aware of the advantages of meal vouchers in electronic form, the Government has decided to definitively replace the paper form by electronic form, with effect from 1 January 2016.
  • CSSF issues circular on investor notification of material changes to open-ended UCITS funds

    Luxembourg's Financial Sector Supervisory Authority According has published Circular 14/591 on July 22, addressed to all open-ended UCITS funds governed by the grand duchy's legislation of December 17, 2010, regarding the protection of investors in the event of a material change to an open-ended undertaking for collective investment. The CSSF says that according to well-established supervisory practice, in the event of such a material change to investors' interests in an open-ended fund under the 2010 law, the regulator requires that they be given sufficient time to take an informed decision, and that if they do not wish to accept the proposed change, they should be able to redeem or convert their shares or units free of charges.
  • Newsflash -Restrictive measures recently adopted against the Russian Federation

    In response to the downing of the Malaysian Airlines Flight MH17 in Donetsk and in view of the gravity of the overall situation, the Council of the European Union has adopted new restrictive measures targeting cooperation and exchanges with the Russian Federation. 2014.08.05_-_russian_sanctions_newsflash
  • TTIP: The Issue of Investor to State Dispute Settlements

    The benefits that will the TTIP bring in to the table for both of the signatories across the Atlantic are well documented by the Atlantic Community. Generation of a volume trade that amounts a USD$ 1.2 billion and the expansion of the already existing transatlantic trade accompanied by the removal of non-tariff barriers as well as cheaper prices for the consumers and common standards for the producers that would give a leeway for them in fierce global competition by declining production costs. However the other side of the coin points to possible pitfalls for the TTIP like a requirement for a painstaking process of harmonization of two different legal systems and possible discords regarding the inclusion and exclusion of some specific sectors in to the agreement. However one of those prospective challenges has increasingly coming to the fore and lately being discussed among the pundits as one of the most troublesome among the others. This is the point concerning the investor to state dispute settlements ( ISDS )
  • GSK Advises PAMERA Real Estate Group on the Sale of the PAMERA Companies to Cornerstone Group

    GSK Stockmann + Kollegen advised the shareholder of the PAMERA Asset Management GmbH, the PAMERA Retail GmbH and the PAMERA Development GmbH on the sale of these companies to the European Cornerstone subsidiary of US-American Cornerstone Estate Advisers LLC.

Press Releases worldwide

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