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Holland & Knight

PASEO DE LA REFORMA NO. 342, PISO 28, COL.JUÁREZ, DEL. CUAUHTÉMOC, C.P. 06600 MEXICO, DF, MEXICO
Tel:
Work +52 55 3602 8000
Web:
www.hklaw.com

Mexico

Banking and finance
Banking and finance - ranked: tier 3

Holland & Knight

The eight-strong banking and finance team at Holland & Knight recently focused on the areas in which it has increasing specialisation, namely real estate finance, infrastructure finance, and sub-sovereign finance. The team also works with its US offices, covering the Mexico side of cross-border transactions, offering an integrated service with capital markets and other practice areas in the country. In recent work, practice head Alejandro Landa Thierry led the Mexico City team that assisted borrower Premium Restaurant Brands obtain a $53m loan from Goldman Sachs in the US, a cross-border transaction that also involved the firm’s Miami and New York offices. In a domestic highlight, the firm advised Banco Santander on the $210m restructuring and financing of Spanish hospitality and real estate business Grupo Oasis. In the sub-sovereign loans niche, the team once again advised Banco Multiva on loans to various States, namely of Nuevo Leon (MXN$1.2bn, MXN$5.8bn and the combined amount of MXN$4.3bn as part of a MXN$42.7bn financial reorganisation), Veracruz (MXN$5bn as a part of a MXN$46bn financial reorganisation and MXN$2.1bn), Oaxaca (MXN$500m), Coahuila (MXN$1bn and MXN$4.2bn) and Morelos (MXN$838.5m). Meanwhile, in another multi-office case, the firm advised Apple Bank (on behalf of Savings and AirFinance Leasing, as its servicer and qualified business aircraft financial advisor), on a $10m aircraft financing to Rotor XM. Another key figure in the practice is Guillermo Uribe who focuses on securities and other capital markets, as well as FIBRAs and CKDs, as does senior associate Adrián Gay. Antonio Casares left to set up Casares Carrillo Abogados, and former office managing partner Boris Otto also left the firm.

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Capital markets
Capital markets - ranked: tier 2

Holland & Knight

Holland & Knight’s nine-lawyer capital markets team is respected for its consolidation and expertise. The core group of practice head Guillermo Uribe, senior associate Adrián Gay, and associate Jorge E Gonzalez have recently been handling mostly FIBRA and CKD work, namely assisting Fibra HD with a MXN$1.2bn debt issuance under its long-term placement programme; Fibra Uno with its $700m follow-on equity offering, the establishment of a shell registration for local market capital and debt issuances, and a two-tranche bond placement in the local markets for a total of MXN$7.1bn; and Fibra Inn on a debt tender offer for up to MXN$1.9bn and for a new debt issuance of up to MXN$2bn. CKD work included first and second subsequent issuances (of MXN$1.2bn and MXN$799m, respectively), for Helios CKD Fund. The practice’s other key partner, Alejandro Landa, assisted public credit entity Infonacot with a $230m consumer loan securitisation on the Mexican Stock Exchange.

Leading lawyers

Guillermo Uribe - Holland & Knight

Next generation lawyers

Adrián Gay - Holland & Knight

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

Holland & Knight

Holland & Knight’s corporate practice has undergone substantial change in the past year, with Boris Otto’s retirement more than offset by the arrival of the highly rated Luis Rubio from Jones Day. Other key individuals include Alejandro Landa, who has ‘great experience and knowledge’, particularly in the energy and infrastructure sectors. The firm advised American Tower Corporation on its $500m acquisition of a telecoms entity which owns a 4,000km fibre optic network in key Mexican cities. The team ‘generates great value’, particularly when ‘it helps the client to solve complex issues with creative ideas’.

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Energy and natural resources
Energy and natural resources - ranked: tier 3

Holland & Knight

Holland & Knight is a strong choice for energy-related advice, particularly in the power and renewables sectors. Former practice co-head Boris Otto has retired, but in José Antonio Prado and Carlos Ochoa the firm has two highly experienced partners. The group’s disputes capabilities were enhanced by the high-profile arrival of Salvador Fonseca-Gonzalez from Baker McKenzie Abogados, S.C.. Recent work highlights include advising Elite Energy on the development of a 360MW combined-cycle power plant.

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International trade and customs
International trade and customs - ranked: tier 3

Holland & Knight

Holland & Knight started to build its international trade and customs practice in Mexico with the August 2016 hire of senior counsel Carlos Véjar, who was previously general counsel for international trade at the Ministry of Economy. He co-heads the practice with Luis Rubio, who arrived from Jones Day in January 2018, along with four other lawyers with varying specialisations. The local team now stands at five, and it is able to advise on FTA work, including contentious matters. In fact, the IT&C practice is part of the firm’s wider International Litigation and Arbitration practice. Véjar and associate Josafat Paredes acted together on a variety of matters, including representing the Pacific Alliance for Sustainable Tuna (PAST) in its successful bid to obtain Marine Stewardship Counsel (MSC) certification, as well as for other clients on matters concerning NAFTA, WTO and TPP issues. Other team members include Octavio Lecona and senior counsel Blanca Luevano who also moved from Jones Day, like Rubio, both have expertise in IT&C and TMT; and Jim Davis, who divides his time between Tampa and Washington DC and is part of the firm’s Public Policy & Regulation Group.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 3

Holland & Knight

Holland & Knight is a strong choice for major energy projects, although its expertise on the infrastructure side was diminished somewhat by the departure of former co-head Antonio Casares, who set up his own practice. Energy and finance expert Alejandro Landa remains, and other key individuals such as Carlos Ochoa and José Antonio Prado are also strong in this area. Recent highlights include advising Advance Clean Energy on the development of an 80MW solar power project in Sonora, and advising Elite Energy on the development of a 360MW combined-cycle power plant.

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TMT
TMT - ranked: tier 3

Holland & Knight

Holland & Knight in effect gained a fully-fledged TMT team when a three-strong group joined from Jones Day. Clients who followed the group did so because it is ‘a pretty strong and impressive team of lawyers, that provides great value for my money’. ‘The legal knowledge of the lawyers is outstanding, they have great business acumen and understand our need for business oriented and focused advice’. This expertise covers transactional, regulatory and litigation work for the full range of operators in the telecoms sector, including fibre-optic developers, satellite companies, and mobile facility-based carriers. The group represented Maxcom before the Supreme Court of Justice in a case connected with the legality of the imposition of fines by the IFT; assisted McAllen Data Centre with the submission of a request for a master concession to provide network capacity to domestic operators in Mexico, as well as with other regulatory, employment and data privacy matters; and advised NTT Group-member Arkadin on regulatory matters – including securing initial authorisations from the IFT and the Consumer Protection Agency. Other highlight work included acting for Universal Pictures in negotiating licensing terms with Mexican exhibitors, and on competition and risk assessment matters. Luis Rubio Barnetche co-leads the team; in addition to his extensive TMT experience he can draw on IT&C and corporate law expertise to advise clients on cross-border and transactional work. His fellow practice co-head, Octavio Lecona, is a ‘very knowledgeable lawyer, he has great business acumen, very high attention to detail and he is very responsive’. He is also ‘very well rounded, very easy to deal with and he’s pretty efficient with the time required to complete the tasks at hand’. A former legal counsel at the Federal Telecommunications Commission, Lecona covers transactional and regulatory matters. Support also comes from Blanca Luévano, also formerly at Jones Day, who handles transactional and regulatory work. Other clients include Vace Partners and Eutelsat.

Leading lawyers

Luis Rubio Barnetche - Holland & Knight

Octavio Lecona - Holland & Knight

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Legal Developments in Mexico

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