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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 has a ‘very well-functioning team, that demonstrates above-average flexibility and responsiveness’. The relatively new Mexico office (established in 2014) has a banking and finance practice that handles real estate and infrastructure finance, syndicated and secured loans, and fintech, acting for both borrowers and lenders. In highlight work the team advised Banco Sabadell and BanCoppel on the structuring and negotiation of a syndicated secured loan facility of upto MXP$420m granted to Nemesis Capital (as settlor of FIBRA Avalon, a future Mexican REIT) to finance its debt restructuring; Spanish Grupo Ezentis and its Mexican subsidiaries (operating in the technology, infrastructure and telecommunications sector) on the facilities agreement for a €90m syndicated loan from Santander; and Corporación Andina de Fomento (CAF) on a $50m loan granted to Altán Redes to finance the Red Compartida project. Key client International Finance Corporation also instructed the team on several mandates, including:  a credit facility of upto MXP$2bn granted to Fideicomiso Hipotecario (FHipo) to finance the acquisition of certain pools of eligible mortgage loans from Mexican Housing Institute Infonavit; and on a MXP$1.9bn secured loan granted to a CKD established and managed by Credit Suisse Mexico. Mario Juárez leads the practice; Gabriela Pérez Sierra is 'easy to communicate with’ and a ‘great transaction manager'; other standout names include David Jiménez Romero, Daniel Gonzalez Delgado, and principal associate Miguel Ángel de la Fuente. Clients include Inter-American Investment Corporation, Swedbank, Nordea Bank, Sumitomo Mitsui Banking Corporation, Unicredit Bank, CaixaBank, and Deutsche Bank.

Leading individuals

Mario Juárez - Garrigues

Next Generation Partners

Gabriela Pérez Sierra - Garrigues

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

Garrigues

Garrigues has a growing presence and is an increasingly popular choice with Mexican, Spanish and US clients, particularly for cross-border transactions. Recently the firm advised the IT and engineering consultants, Alten Europe, on the Mexican aspects of its acquisition of Optimissa Group from Pontinez Cloud. Another highlight was advising Desarrollos Empresariales Hlemeon on the sale of the IT and HR consultancy, Gesfor Mexico, to GFI Informatique. The team also guided JCDecaux through the corporate reorganization of its subsidiaries in Mexico.  Gerardo Lemus leads the well-regarded team.

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Environment
Environment - ranked: tier 3

Garrigues

Garrigues is recommended for its 'very professional, efficient' team, which provides its services at a 'very reasonable' price. 'Analytical and deep thinking' practice head Roberto Torres is praised for his 'accuracy and great attitude'. The practice has been very active, recently, acting for clients in the renewable energy and hospitality sectors. Highlights include advising an energy company on environmental issues linked to the acquisition of a photovoltaic generation project. The team also advised a hotel group on environmental issues linked to its acquisition of a plot for the development of a major hotel.

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Insurance
Insurance - ranked: tier 4

Garrigues

As one client put it, Garrigues is ‘definitely "the new kid in town” and worth watching out for; the firm’s strong international brand gives the local team a good head start’. More specifically, clients appreciate the ‘close follow-up’, ‘clear thinking' and 'the deep analysis of complex problems’. The now 12-strong practice has developed since the arrival of senior associate Miguel Ángel de la Fuente (who co-leads the practice with Mario Juárez) from Nader, Hayaux y Goebel, SC in October 2016. While Juárez provides oversight as head of the banking and finance practice, de la Fuente is the specialist and the practice’s main pull: ‘he is a talented lawyer, with exceptional skills and a refreshing approach to solving problems’. The practice handles corporate, transactional and regulatory matters, along with the development of new insurance products. Recnet work has include advising US insurance company Global Benefits Group on its Mexican business expansion (including joining forces with AXA Seguros to offer international medical-expenses insurance policies on the Mexican market); and Asurion Group on product development for property and casualty (P&C) insurance products fronted through Allianz Mexico. Howden Broking Group is another client.

Rising stars

Miguel Ángel de la Fuente - Garrigues

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Tax
Tax - ranked: tier 3

Garrigues

The ‘knowledgeable’ team at Garrigues ‘has grown to become a relevant player in the Mexican legal market’. The practice was strengthened with the arrival of Manual Llaca and a team of four tax litigation lawyers from KPMG in May 2019, bringing the number of team members to ten. The group specialises in M&A, tax planning and international tax issues related to double tax treaty application; it can also call on the firm's international network in what is it's very much its core practice. In recent work it assisted Edenred Group and Alicorp enter the Mexican market; Cerealto Siro Foods with analysis of the tax consequences and impacts of a re-financing process (involving withholding tax issues and a foreign tax credit controversy related to the financing structure); Autovía Nuevo Necaxa-Tihuatlán (AUNETI) and its shareholders Globalvia and ICA, with analysis of the legal grounds, tax merits and impact of a debt restructuring process; and Aicox Soluciones subsidiary  Alternativas Renovables México, with the validation and re-filing before the Mexican tax authorities of a VAT-refund request that had previously generated a controversy. The ‘very talented and trustworthy’ practice head Santiago Chacón is valued for his knowledge and experience; key support comes from senior associates Ricardo Fernández de Arellano (tax disputes, and tax planning for corporates - especially in the healthcare sector), and Diego López Vargas (tax advice for foreign companies expanding into Mexico, tax planning for corporate restructurings and M&A, and value supply chain transformation projects). Other clients include Viscofan, JC Decaux Group, Latam Logistics, Enertis Solar, Idai Nature, ECG Ingeniería, Windstream Services and Ágora Europe.

Leading individuals

Santiago Chacón - Garrigues

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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 Coruña, Alicante, Cáceres, Granada, Las Palmas, León, Malaga, Murcia, San Sebastian, Valladolid, Vitoria, Zaragoza, Oviedo, Burgos, Palma de Mallorca, Pamplona, Barcelona, Seville, Bilbao, Madrid, Vigo, Valencia, Tenerife, Logrono, Toledo, and Madrid

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