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Jones Day

222 EAST 41ST STREET, NEW YORK, NY 10017-6702, USA
Tel:
Work +1 212 326 3939
Email:
Web:
www.jonesday.com/newyork

James Salerno

Tel:
Work +1 212 326 3436
Email:
Jones Day

Work Department

Banking & Finance.

Position

Jim Salerno advises financial institutions, sponsors, developers, and borrowers in a broad range of financial transactions in the United States and Latin America, with a particular emphasis on transactions in the energy sector (including renewable energy, alternative energy, and fossil fuel energy), project-related and infrastructure financings, financings of acquisitions by private equity clients, and recapitalizations and debt restructurings of public and private entities.

Career

*.

Languages

English.

Member

*.

Education

Harvard University (J.D. cum laude 1991); Union College (B.S. summa cum laude 1983; Phi Beta Kappa).

Leisure

*.


Latin America: International firms

Banking and finance

Within: Banking and finance

Jones Day has a significant finance practice with notably strong teams in New York, Miami and Mexico City. The firm has impressed in syndicated and bilateral loans, lending to Latin American banks and project finance. It has strong connections to commercial lenders, MLAs and DFIs, Spanish sponsors and Latin American borrowers. It has a significant focus on transportation infrastructure and renewable energy financings. It is also fast developing its experience in special situations financings. Clients include Grupo Aeropuerto de la Cuidad de Mexico, JP Morgan, Bank of America, IDB, Citibank and Abengoa. The practice advised Terminal Portuario Paracas (as concessionaire), and Servinoga Pattac Empreendimentos e ParticipaçÔes and Tucumann Engenharia e Empreendimentos (as sponsors), on a $183m long term financing to fund construction costs relating to the expansion of the Pisco port in Peru. It also advised IDB Invest on a $50m dual tranche loan to Banco Regional de Paraguay, which the bank will use to make agribusiness loans to small and medium sized enterprises in the region. New York partners Robert da Silva Ashley and James Salerno are widely recognised for their Latin America financing credentials, as is Miami's Fradyn Suårez who has strong connections to commercial and agency lenders. Mexico City's Alberto de la Parra is a big name in the jurisdiction, particularly in relation to infrastructure financings. Miami partner Richard Puttré is recognised for renewable energy financings.

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Projects and energy

Within: Projects and energy

Jones Day's multi-office strategy is paying considerable dividends with its market share of renewable energy projects in Mexico particularly noteworthy, along with strong levels of activity in Argentina, Colombia and Peru. The firm's Sao Paulo office has also achieved considerable recognition for its record in energy and infrastructure M&A. The firm has a strong weighting towards project developers and sponsors, although is gaining ground with DFIs and MLAs thanks to the work of Fradyn Suårez in Miami and with commercial banks through Robert da Silva Ashley and James Salerno in New York. Moreover, the firm is building a strong record in representing Chinese investors, developers and lenders. Clients include ENGIE, Banco Santander, IDB, Jinko Solar, EDF, Grupo Aeroportuario de la Ciudad de Mexico, Cemex and Elecnor. Recent mandates include advising Chinese solar panel manufacturer Jinko Solar, and its project company Solar Park Viborillas, on the development, construction, and senior financing of a 130MW photovoltaic solar power project to be constructed in Las Viborillas, Mexico; and Banco Santander on a bridge loan to Concesionaria Autopista Silao to finance the construction and equipment of the Silao Toll Road in Mexico. The 'high quality' team provides 'timely responses' and includes Miami partner Richard Puttré, who is a leader in renewable energy projects, most notably for Spanish developers; and Sao Paulo's Marcello Hallake , who deserves recognition for energy and infrastructure M&A. In Mexico City, Alberto de la Parra has a tremendous record in infrastructure projects and financings, and has a long-term association with the development of the new Mexico City airport; in 2018 he advised Grupo Aeroportuario de la Ciudad de México on its $1.6bn IPO of Fibra E Shares on the Mexican Stock Exchange.

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Legal Developments by:
Jones Day

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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