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Garrigues

CORPORATIVO REFORMA DIANA, PASEO DE LA REFORMA 412, PISO 24, COL. JUAREZ, MEXICO CITY - 06600 MEXICO DF, MEXICO
Tel:
Work +52 55 1102 3570
Fax:
Fax +52 55 1102 3599
Email:
Web:
www.garrigues.com

Mexico

Banking and finance
Banking and finance - ranked: tier 4

Garrigues

Garrigues opened its Mexico office in 2014, and, to a certain extent, it is still in formation, most recently hiring principal associate Miguel Angel de la Fuente from Nader, Hayaux y Goebel, SC in May 2017. Gradually gaining recognition from peers, the team comprises three partners and ten associates who advise a growing client roster on project finance, structured financing and commercial bank lending, and regulatory and day-to-day matters. Practice head Mario Juárez had a very busy year, including advising Inter-American Investment Corporation (IIC) on the structuring and formalisation of a $12m loan to Mexican company Hortícola Cimarrón; and new client Acrecent Mexico on a $10m loan granted by the Overseas Private Investment Corporation (OPIC), with the aim of expanding the client’s equipment lease origination capabilities. Acting in conjunction with Juárez, new partner Gabriela Perez Sierra assisted International Finance Corporation (IFC) with a partial credit guarantee related to a MXN$200m bond issue by Consejo de Asistencia al Microemprendedor on the Mexican Stock Exchange, and the execution of a guarantee issuance and revolving stand-by loan agreement related to said guarantee; de la Fuente (also in conjunction with Juárez) advised the ICC on a MXN$420m credit facility to one of its funds, Mezzanine Mexico Uno. Key support comes from Daniel González Delgado (also a principal associate) whose practice focuses on regulatory law and financing transactions. Other work included advising new clients Log Creek, Startive, PM Capital and Sypkes, as underwriters, on an issuance of up to AUD$10bn convertible notes by LatAm Autos on the Australian Stock Exchange (including the granting of certain securities in Mexico by LatAm Autos’ Mexican subsidiary); and the IFC with a credit facility of up to MXN$80m to fintech business Konfio’s Mexican subsidiary Red Amigo Dal (which providing loans to SMEs via a digital platform). Other clients include BNP Paribas, Wells Fargo, UniCredit Bank, BBVA Bancomer, and Banco Sabadell.

Leading lawyers

Mario Ju√°rez - Garrigues

Next generation lawyers

Daniel Gonz√°lez Delgado - Garrigues

Gabriela Perez Sierra - Garrigues

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Corporate and M&A
Corporate and M&A - ranked: tier 3

Garrigues

Garrigues is starting to make a sizeable impression on the market following several high-profile hires in recent years. It is also investing internally, as illustrated by the promotion of Gabriela P√©rez Sierra to the partnership. The firm acts for a mix of Mexican, Spanish and US clients. It recently advised Irelandia Aviation on the sale of a 49% stake in low-cost Mexican air carrier VivaAerobus to majority stakeholder IAMSA. Other highlights were advising specialty packaging company CCL Industries on the Mexican aspects of its takeover of Innovia Group; and representing OHL Concesiones in a joint bid, with IFM Global Infrastructure Fund, to take over OHL Mexico for over ‚ā¨600m. The highly experienced Gerardo Lemus leads the team, which includes the well-regarded Mario Ju√°rez.

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Tax
Tax - ranked: tier 4

Garrigues

The tax lawyers at Spanish powerhouse Garrigues work on clients‚Äô matters with ‚Äėinvolvement and high reactivity. They make themselves available for our last-minute meetings, and they have a good knowledge of our group which allows them to provide us with the most adapted solutions for our needs, at reasonable fees‚Äô. In addition to this, the practice has the added value of ‚Äėunderstanding the concerns and concepts of international companies, and consequently suggests the best solutions‚Äô. The five-strong team handles tax related to corporate and M&A, tax planning and international taxation connected to the application of double taxation treaties; it also has a growing litigation practice. In fact, the whole department is still regarded as in development and appears to be doing so healthily with a growing caseload and several new clients. Work highlights include assisting new clients Howden M√©xico Calentadores Regenerativos (a subsidiary of Colfax) with the contestation of a post-audit MXN$100m tax assessment (which the team helped reduce to MXN$31m); Corporaci√≥n Andina de Fomento regarding the tax regime applicable to it given an agreement entered into with the Mexican government; Equipamientos Urbanos de M√©xico (part of JC Decaux) regarding the Mexican and Argentinian tax implications (and a possible tax loss) arising from the transfer of an Argentine company owned by the client in Mexico; and another new client, Prodemex, with the tax treatment applicable to a public-private partnership (in this case with the Instituto Mexicano del Seguridad Social (IMMS)). Practice head Santiago Chap√≥n leads on all cases and, in addition to having impressive experience spanning almost 20 years and including periods in S√£o Paulo and London, his practice covers international tax, disputes and M&A; clients value him for his availability and commitment, as well as his understanding of their businesses, which allows him to provide tailor-made solutions. Support comes from senior associates Ricardo Fern√°ndez de Arellano (tax disputes, and tax planning for corporates ‚Äď especially in the healthcare sector), and Diego L√≥pez Vargas (tax advice for foreign companies expanding into Mexico, tax planning for corporate restructurings and M&A, and value supply chain transformation projects), who are also noted. In other work the team assisted new client Avenger Flight Group with the tax planning for the initiation of its operations in Mexico; and Grupo Iberdrola with the tax planning of a transaction to exchange assets maintained in Bulgaria by a third-party. Other clients include Telef√≥nica, OHL, Aernnova Aerospace, International Finance Corporation, Navigator Company, Instituto de Empresa, and Aicox Solutions.

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Further information on Garrigues

Please choose from this list to view details of what we say about Garrigues in other jurisdictions.

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Chile

Offices in Santiago

Colombia

Offices in Bogota

Spain

Offices in A Coru√Īa, Alicante, C√°ceres, Granada, Las Palmas, Le√≥n, Malaga, Murcia, San Sebastian, Valladolid, Vitoria, Zaragoza, Oviedo, Burgos, Palma de Mallorca, Pamplona, Barcelona, Seville, Bilbao, Madrid, Vigo, Valencia, Tenerife, Logrono, and Toledo

Foreign firms

London

Offices in London

Morocco

Offices in Casablanca and Tangier

Mexico

Offices in Mexico City

Peru

Offices in Lima

Poland

Offices in Warsaw

Portugal

Offices in Lisbon and Oporto

Legal Developments by:
Garrigues

  • CHANGES IN THE REGIME GOVERNING RESTRICTIONS ON VOTING RIGHTS AT SPANISH LISTED COMPANIES

    On June 17, 2010, following a rough and eventful passage through Parliament, the Lower House of the Spanish Parliament finally approved a transcendental amendment to the Spanish Corporations Law (to article 105.2) affecting only listed corporations: a prohibition on voting ceilings for a same shareholder (or companies in the same group), regardless of the number of shares they own. 
    - Garrigues

Legal Developments in Mexico

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Notorious Marks

    Notorious marks or the declaration thereof, has always been an issue widely discussed in Mexico by the IP legal community. This is so because provisions of the Paris Convention dealing with this topic have for a long time been uses as an effort to cancel or nullify trademarks registered by Mexican authorities without really making an extensive evaluation of proposed denominations and without examining in depth if such marks may be potentially affecting rights acquired by third parties elsewhere. So, a specific regulation and legal frame that at least tries to resolve this issue is always a good start in the right direction.
  • FRANCHISING TRENDS IN MEXICO: A NEW VALUE

    By Ignacio Dominguez Torrado Uhthoff, Gomez Vega & Uhthoff, S.C. Why a new value? Is Mexico avoiding the economic fallout that the world may be facing? In Mexico franchises are worth more? Is Mexico not a country that the global economic standstill is or will affect? The answer is, not really. Are Franchises in Mexico currently experiencing a boom? Perhaps. Are Franchises becoming an important aspect in Mexican economy? Certainly.
  • ADVERTISING IN MEXICO: COMMENTS UNDER AN INTELLECTUAL PROPERTY LAW PERSPECTIVE

    Advertising in Mexico is governed by multiple bodies of law including for at least seven Federal Laws, five Regulations also of Federal application, a number of the so-called Mexican Official Standards (NOM's) and certain other laws and regulations applicable into specific States within the Republic of Mexico. All of them are focusing to establish the form and manners for producing and communicating advertising of products and services in Mexico.
  • MEXICAN CUSTOMS. UPDATE ON THE ENFORCEMENT OF TRADEMARK RIGHTS

    It has been well publicized in the Mexican media over the last few months that the General Customs Administration (AGA) and the Mexican Institute of Industrial Property (IMPI) are planning to launch a customs trademark registry, as a short-term solution to increase protection for trademark owners against the import of infringing and counterfeit products.
  • DEMONSTRATING USE OF TRADEMARKS UNDER MEXICAN LAW AND PRACTICE

    The evolution in the protection and enforcement of IP rights has also reached the Mexican practice. The traditional ways of defending a registered trademark on a non use contentious procedure have developed.
  • ANTI-COUNTERFEITING IN MEXICO

    By Jose Luis Ramos-Zurita