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Garrigues

EDFICIO '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
A Coruña, Alicante, Barcelona, Beijing, Bilbao, Bogota and 34 more

Mexico

Banking and finance
Banking and finance - ranked: tier 4

Garrigues

Having opened in late 2014, Garrigues’ Mexico City office is ‘a healthy work in progress’. The eight-strong banking practice endured movement with the departure of practice head Eduardo Tovar, who moved in house in August 2016, and his replacement by Mario Juárez, brought over from Ritch Mueller, Heather y Nicolau, SC, the following month. Juárez has hit the ground running since his arrival, among other work advising IFC on loans of MXN$435m, MXN$350m, MXN$420m and $10m to Mexico Mezzanine Uno (a subsidiary of Stock brokerage Vector Casa de Bolsa), Vinte Viviendas Integrales (Vinte), Grupo Calidra and Bioparques de Occidente, respectively. Also a key figure, Gabriela Perez Sierra was made a local partner last year; her recent mandates include advising Grupo Antolín on the amendment and restatement of a €400m syndicated senior facility agreement. Key support comes from senior associates Daniel González Delgado, who recently spent time as an international associate at the firm’s Madrid office; Miguel Angel Rocha; and Miguel Angel de la Fuente, who arrived from Nader, Hayaux y Goebel, SC in April. Other matters include advising both borrowers and lender entities on the financing of projects, particularly in the energy sector; financial restructuring; and advising finance entities on matters ranging from ongoing regulatory concerns – particularly related to credit cards issuance, payment networks, electronic transactions, personal data, rewards programmes, interest and fees – to the implications of the recently announced legal restructuring of state power company Comisión Federal de Electricidad (CFE). Clients include Bancomext, Bankia, CAF, DEG, Société Générale and UniCredit Bank.

Next generation lawyers

Daniel González Delgado - Garrigues

Gabriela Perez Sierra - Garrigues

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Corporate and M&A
Corporate and M&A - ranked: tier 4

Garrigues

The Mexican operation of Spanish legal giant Garrigues is very much in expansion mode. Gerardo Lemus leads the team, which has been boosted by the arrival of energy expert David Jiménez Romero from Norton Rose Fulbright, and corporate finance partner Mario Juárez from Ritch Mueller, Heather y Nicolau, SC. The firm carries out a mix of work for Spanish, Mexican and other Latin American clients, and benefits from a strong network of offices across South America. It recently acted for Grunenthal Group on its €50m acquisition of the Mexican subsidiary of Almirall. Antonio Bulnes is also recommended.

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Tax
Tax - ranked: tier 4

Garrigues

Spanish powerhouse Garrigues has long been known for its strength in tax matters and it should come as no surprise that the firm’s Mexican office fields a team that, while small, is ‘highly impressive’ and ‘punches above its weight’. The six-strong team, comprising four lawyers and two accountants, houses considerable expertise across both consultancy and (administrative) litigation, and has also been active in transactional work and structuring in particular, along with planning and advisory matters. Certainly ‘it appears to be increasing its market penetration’. ‘Great professional’ and ‘a really knowledgeable lawyer’, practice head Santiago Chacón has approaching 20 years’ experience and – having worked in both London and São Paulo, and at both PwC and EY – ‘has a genuinely international perspective and understanding’, as well as a strong international profile. Recent key matters include advising Telefónica on tax planning for the restructuring of its Mexican subsidiaries, including an asset carve-out; Celestics Holdings on the submission of an appeal against a transfer pricing assessment; and Bankia on the tax aspects of a MXN$61m divestment of shares in a Mexican housing finance entity. Chacón leads on all matters but can draw on support from senior associate Ariana Martínez (an accountant), and Alejandro Gordillo, who focus on tax advisory and compliance, and tax advisory and contentious tax matters, respectively; each has over 10 years in the sector and ‘form a great team’ that ‘knows its stuff’. Additional mandates include advising IFC on tax matters related to several financings by the group for real estate projects; fashion retailer Grupo Cortefiel on the tax aspects of a due diligence process on its Mexican subsidiaries (within the framework of a potential IPO of the Spanish holding company); and Total on an internal review of some uncertain tax positions. Other matters included tax due diligence, tax advisory on the repatriation of profits, tax structuring, VAT verifications and refunds. Practice clients include JC Decaux, Iberdrola Inmobiliaria, Zurich Santander, OHL, Aeronova, Atento, Globalvia, Barclays and LafargeHolcim.

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Further information on Garrigues

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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