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Jones Day

PASEO DE LA REFORMA 342, PISO 30, COLONIA JUÁREZ, 06600 MEXICO, D.F., MEXICO
Tel:
Work +52 55 3000 4000
Email:
Web:
www.jonesday.com/mexicocity

Latin America: International firms

International arbitration
International arbitration - ranked: tier 4

Jones Day

[back to top]

Mexico

Banking and finance
Banking and finance - ranked: tier 2

Jones Day

The 20-strong local practice group at Jones Day Mexico City office is increasingly integrated into the firm’s regional activity, as reflected by office managing partner Manuel Romano’s recent involvement – along with Gabriel Altamirano, who made partner in 2016 – in the coordination of the Latin American aspects of Newell Rubbermaid’s $10.5bn acquisition of Jarden Corporation. Domestically, headline matters saw Alberto de la Parra complete advice to Grupo Aeroportuario de la Ciudad de México (GACM) on a $3bn revolving credit facility and a $6.3bn Rule 144A/Reg.S bond issue to finance Mexico City’s new airport, and he continues to assist the client with Mexican-law matters related to corporate governance, and construction and procurement contracts, such as the recent $130m public logistics agreement with Ferrovalle related to the airport’s construction requirements. In conjunction with New York-based Robert Ashley, de la Parra also co-led on advice to Banco Santander et al (a six-bank syndicate) on a $607m debt financing to a subsidiary of First reserve for the acquisition of a gasoline facility from Pemex. Resident infrastructure project-finance specialist José Estandía advised Desarrollos Eólicos Mexicanos on a MXN$3.5bn loan from Banorte, Caixabank and Nafin; while the ‘enormously experienced and competentAntonio Franck led advice to Grupo Elektra on an increase to Intra Mexicana’s asset-backed securitization debt programme to MXN$8bn. Franck also advised Bancomext on the restructuring of a credit agreement to Fermaca New Projects (increasing the amount to $310m and amending it into a syndicated loan), and on a $178.2m loan agreement with borrower Negocios Renovables Inteligentes. Other key figures include finance and securities specialist Javier Martínez del Campo, who frequently advises Mexican borrowers such as Grupo Kuo or Grupo Gigante; former managing partner Fernando de Ovando who brings 40 years’ expertise to the table; and Silvia Malagón, ‘a fantastic lawyer for investment work’ who is also active in the capital markets. An able second line is led by Carlos Sámano and Arturo de la Parra. Other clients include IIC, JIC, MasterCard, Wells Fargo Bank, Crédito Real, Bank of Tokyo-Mitsubishi, Intesa Sanpaolo, Sabcapital and BBVA Bancomer.

Leading lawyers

Alberto de la Parra - Jones Day

Fernando de Ovando - Jones Day

[back to top]

Capital markets
Capital markets - ranked: tier 2

Jones Day

Jones Dayknows its way around’ the capital markets and ‘gives pertinent advice in difficult market conditions’. The core, eight-strong team advises local issuers and underwriters on both debt and equity offerings; on the establishment of mutual funds, pension funds and brokerage firms; and handles listings, compliance and governance matters, as well as regulatory counselling and representation. In an undoubted headline mandate, Alberto de la Parra advised Grupo Aeroportuario de la Ciudad de México on an initial, dual tranche (10 & 30 year) $2bn Rule 144A/Reg.S “green bond” senior secured notes offering for the construction of the new Mexico City airport. He was assisted by senior associate Arturo de la Parra. Particularly active advising mutual funds and brokerage firms, Silvia Malagón ‘knows the industry and its hurdles’ and ‘ticks all the boxes’ when it comes to service; her recent caseload includes leading advice to Principal Fondos de Inversión regarding CNBV authorization to modify 12 mutual funds in accordance with new regulatory requirements. Malagón works closely with seniors Eduardo Mendoza and Mauricio Bahena, who also supported her counsel to Ixedint and Ixe BNP Paribas de Acciones Mercados Emergentes on similar regulatory matters; Scotia Funds, SURA Investment Management México and Fondos de Inversión Multiva, on the incorporation and launch of mutual funds; and AXA IM México on its registration as an Investment Advisor. ‘Very active’ and ‘a specialist in the making’, senior associate Carlos Sámano led advice to Crédito Real on a $625m senior notes offer under Rule 144A/Reg.S, and also assisted with its five year, $375m revolving debt programme for the issuance of CEBURES. In addition, Sámano advised Grupo Elektra subsidiary, Intra Mexicana on a MXN$5bn increase of its debt programme, and two concurrent offerings (of MXN$2.5bn and MXN$1bn); he has been advising Elektra for over a decade. Javier Martínez del Campo, Fernando de Ovando and Mauricio Castilla are also key members of the practice. Other clients include Bancomer, Banorte and BNP Paribas, and on the issuer-side, Compartamos, Grupo Kuo and Grupo Gigante.

[back to top]

Competition and antitrust
Competition and antitrust - ranked: tier 2

Jones Day

Jones Day’s strong and popular team is jointly led by Gabriel Altamirano and Bertha Ordaz-Avilés. Major international clients benefit greatly from the Mexico office’s close links to the rest of the firm’s global network. The group had an active year in merger clearance work, and provided local antitrust advice to Newell Rubbermaid concerning its $15.4bn takeover of Jarden Corporation. Another highlight was advising Cardinal Health on the domestic merger clearance for its acquisition of Johnson & Johnson’s Cordis business. The firm also advised clients in relation to a variety of investigations in the pharmaceutical, transport and movie industries.

[back to top]

Corporate and M&A
Corporate and M&A - ranked: tier 2

Jones Day

Jones Day has a ‘very good’ corporate team led by Javier Martinez del Campo, who works alongside highly rated partners such as Antonio Franck and Luis Rubio, advising a range of major international clients on their Mexican interests. It recently acted for Newell Brands on the domestic aspects of its $16bn cash and stock acquisition of Jarden Corporation. The firm has also seen considerable activity in the energy sector, and represented Fisterra Energy, a subsidiary of the Blackstone Group, on the $852m sale of Ventika, a Mexican wind farm, to IEnova. Another highlight was advising Restaurantes Toks, a subsidiary of Grupo Gigante, on the acquisition of nine restaurants operated by Wings.

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 3

Jones Day

Jones Day is building a strong disputes practice capable of handling major arbitration and litigation cases for its international and domestic clients. The 13-lawyer group is jointly led by Antonio González and José Antonio Vázquez, who is praised for his ‘depth of knowledge and capacity to provide different scenarios in order to better protect his clients’ interests’. The firm has been involved in several major cases, including representing Telefónica Moviles Mexico and Pegaso PCS in a $1bn+ ICSID claim against the government of Mexico regarding a change in regulations for interconnection rates. Another highlight was representing Sherwin Williams in a $900m ICC arbitration against Comex concerning the termination of a share purchase agreement. The firm also assisted Hard Rock Cafe International in the enforcement of an ICC arbitral award which terminated a master franchise agreement against Operadora DB Mexico.

[back to top]

Energy and natural resources
Energy and natural resources - ranked: tier 2

Jones Day

Jones Day has a very active and experienced multidisciplinary practice, jointly led by José Estandía, who typically covers the power side, and Alberto de la Parra, who is responsible for oil and gas matters. Antonio Franck is also recommended, for his expertise in energy infrastructure projects. The firm recently advised Spectra Energy on its bid concerning the submarine pipe to connect to the Nueces-Brownsville pipeline; and acted for Fisterra Energy on the $852m sale of Ventika, a Mexican wind farm, to IEnova. Other major clients are Elecnor Group, Eni, Solairedirect, Iberdrola and Total.

[back to top]

Environment
Environment - ranked: tier 2

Jones Day

Jones Day provides a ‘very professional service’, through lawyers ‘with much experience, a good image, and a willingness to work’. The team has been involved in some significant projects, not least advising The New Mexico City Airport Group on environmental issues related to the development of the new airport. The firm also advised Procter & Gamble on the environmental and operational permits required for seven industrial plants and a Mexican distribution centre. Highly rated lead partner Mauricio Llamas attracts very high praise from clients, and is ‘an excellent consultant and team leader’.

[back to top]

International trade and customs
International trade and customs - ranked: tier 2

Jones Day

The international trade and customs practice at Jones Day’s Mexico office can draw on the expertise amassed across the firm’s global network, offering a certain advantage in terms of remaining up-to-date with matters that do not initially arrive in Mexico. Considered an increasingly noteworthy option in the sector, the six-strong local team advises on matters including maquiladora operations, customs valuations and audits, customs and tax litigation, NAFTA audits, health and sanitary import authorizations (a growing niche specialization of the practice), and administrative and regulatory procedures. In current work, the team is providing ongoing advice to Adidas on commercial and regulatory issues before the Customs and the Federal Consumer Protection Agency (PROFECO); Universal Pictures on the importing and exporting of technical equipment and marketing products; Mizhuo Bank on the customs and foreign trade implications of loans and guarantees to its clients (both Japanese exporters and Mexican importers); and Husqvarna on the restructure of its logistics procedures and customs-department functions. The team is also advising UPS on the provision of parcel and courier services in Mexico following its 2015 acquisition of Coyote Logistics. The practice also has some activity in the antidumping subsector, recently representing Jindal Saw and Elecnor during Mexican investigations into steel pipe imports from India and Spain, respectively. Part of the firm’s Government Regulation, International Trade and Customs department, the practice is co-led by administrative and regulatory practitioner Mauricio Llamas and ‘well known NAFTA specialistLuis Rubio Barnetche. However, it is ‘technically brilliant’ associate Javier Cortés (‘he real knows the sector’) who is perhaps the key practitioner; he can draw on his experience at both the Mexican tax authority (SAT), and as a trade and customs consultant at a noted tax firm. Corporate counsel Guillermo Larrea participates in compliance matters in the sector. Other clients include CBRE, Lanxess, Dufry, Steris Corporation and Lowe’s Companies.

[back to top]

Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Jones Day

The ‘excellent’ team at Jones Day has made a significant impression on the market, acting for sponsors, lenders and the public sector. It ‘analyses projects with extreme care’ and is also noted for its ‘very quick response time’ and the ‘synergies between the firm’s teams in different parts of the world’. It had the lead role on the major New Mexico City Airport project, where it advised Grupo Aeroportuario de la Ciudad de Mexico on the $3bn financing for the development. Its experience also includes major toll road projects and energy developments. On the lender side, it advised Banobras, Banco Santander, Banamex and other lenders on the $607m debt financing to a subsidiary of First Reserve to acquire an ultra-low sulphur gasoline facility from Pemex. The firm also represented Pier II Quelcholac Felipe Angeles, a subsidiary of Iberdrola, on the $61m financing for a 66MW wind farm project in Puebla. The ‘very comprehensiveAlberto de la Parra heads the team, which includes José Estandía, Manuel Romano and Antonio Franck.

Leading lawyers

Alberto de la Parra - Jones Day

Next generation lawyers

Selene Espinosa - Jones Day

[back to top]

Real estate
Real estate - ranked: tier 2

Jones Day

Demonstrating ‘great experience in the sector’ and ‘good quality serviceJones Day is ‘very proactive when it comes finding solutions to the problems that arise’. The team includes five partners and advises across the sector on matters ranging from due diligence and land development to complex portfolio operations, real estate investment vehicles and advice on agrarian land issues; the practice also offers associated environmental permitting, compliance and anti-corruption services. Group head Manuel Romanostands out for his experience and his conciliatory language in operations’, and handles matters including acquisitions and sales; construction, operations and management; commercial, industrial and residential developments; infrastructure matters and contentious work. Fellow practice partners Mauricio Llamas, Guillermo E Larrea, Fernanda Valdés and Rodrigo Gómez bring expertise in the environmental, compliance, real estate-finance and tax matters, respectively, to ensure ‘360-degree coverage’ that is delivered in ‘good time’ and at ‘efficient cost’. Recent matters saw the team advise Holley Group on the acquisition of 150 hectares of land for the development of a $500m mixed-use industrial park in Nuevo León; and Crowne Group on the MXN$257.6m sale-and-lease-back of an industrial facility in Matamoros. Ongoing headline work includes advising Toyota Motors on the development of its new $1bn plant in León, Guanajuato, including land acquisition, permitting matters and advice on agrarian law issues. Other ongoing matters include real estate due diligence and permitting work on behalf of Lowe’s in cities including Torreon, Santiago de Querétaro and León. Other matters included leasing contracts, due diligence, sales, and residential development projects. Infrastructure and energy associate Salvador Gallo is also active in the practice. Clients include Procter & Gamble, Toyota Corporation, Mision XII, Acciona, Cardinal Health, Goodyear Tire & Rubber, RadioShack, NII Holdings and Olympic Steel.

Leading lawyers

Manuel Romano - Jones Day

[back to top]

TMT
TMT - ranked: tier 2

Jones Day

Very accurate and careful on issuing advice’, Jones Day’s Mexico office ‘has a team that really can work and advise on any matter’; its ‘organization ensures its efficiency in providing responses in good time’. The practice advises across the full range of telecom matters from transactional to regulatory, and wireless to satellite, and also has the advantage of the firm’s international reach. ‘An old hand in telecom matters’, practice head Luis Rubio Barnetche is ‘hugely knowledgeable about the industry’ and ‘a first class strategic advisor’ who is ‘great at discerning unforeseen contingencies in business scenarios’; he counts major industrial, mobile telephone and satellite operators in Mexico among his clients, but is also well known for his work with trade associations and the Mexican government. Headline mandates saw the team advise Telefonica on a successful first-of-its-kind (for the Mexican market) spectrum swap and lease with AT&T (including all regulatory aspects); and it also attended to the Mexican aspects of CommScope Holding Company’s $3bn acquisition of the telecom, enterprise and wireless business of Switzerland-based TE Connectivity. Key team members include Octavio Lecona Morales (formerly at Mexico’s Federal Telecommunications Commission he has extensive experience working with Satmex and Telefónica, among others), whose practice focuses on government regulation, transactional matters and the telecoms sector. Bertha Ordaz-Áviles, who has ‘long had a telecoms aspect to her practice’, and who also handles corporate and transactional matters related to the telecoms and satellite sectors; and of counsel Guillermo Larrea, who has strong niche expertise in cybersecurity, data protection, and e-commerce. In other matters, the team also represents Maxcom, which has a quadruple-play service offering in Mexico, on corporate and regulatory matters, the development of new business lines and contentious administrative issues; is advising a cloud computing service provider on regulatory requirements; and in the satellite sub-sector, is acting for Satélites Mexicanos on issues related to its required capacity reserve. Intermediate associate Blanca Luévano is also noted. Clients include Amazon, Globalstar, Omnisapce, NBC and Universal.

Leading lawyers

Luis Rubio Barnetche - Jones Day

[back to top]

Tax
Tax - ranked: tier 3

Jones Day

Establishing a tax practice back in 2011, one of the first corporate firms to do so, Jones Day’s four-strong Mexican tax group is distinct in so far as a significant proportion of its work is derived from the firm’s global network, giving it a strongly international orientation. Tax planning and transactional matters constitute the weight of the caseload but the practice also undertakes tax audits and relevant administrative and regulatory issues. Practice head Rodrigo Gómez undertakes both tax consultancy (including planning and advisory), and tax litigation, as well as international trade and customs work. Key support comes from associates Luis Rodrigo Salinas and Andrés Lieja; Salinas focuses primarily on transactional work and consulting, while Lieja has particular expertise in PRODECON’s “conclusive agreements” process. Headline mandates saw the team advise a major automotive company on the Mexican tax consequences of the tax incentives granted by local government for establishing a new $900m plant in Mexico; and Toyota Motors (as part of a joint venture with Mazda), on the tax aspects of a possible $150m investment. In litigious matters the team is representing the Mexican subsidiary of a retail entity on a $10m tax treaty interpretation case against a SAT tax assessment (as well as advising on two tax audits and a VAT refund); and a US construction firm in two litigations against a tax assessment by the Mexican Social Security Institute (IMSS). In the maquiladora subsector it is advising an international manufacturer on an $18m domestic advance pricing agreement request with the Mexican tax authorities. Clients include American Standard (Lixil Corporation), Lowe’s Corporation, GIC Real Estate, Shiloh Industries, Essilor International, Forbes Energy Services Patron Spirits and FINCA Microfinance.

[back to top]



Latin America: International firms

International arbitration
International arbitration - ranked: tier 4

Jones Day

[back to top]

Mexico

Banking and finance
Banking and finance - ranked: tier 2

Jones Day

The 20-strong local practice group at Jones Day Mexico City office is increasingly integrated into the firm’s regional activity, as reflected by office managing partner Manuel Romano’s recent involvement – along with Gabriel Altamirano, who made partner in 2016 – in the coordination of the Latin American aspects of Newell Rubbermaid’s $10.5bn acquisition of Jarden Corporation. Domestically, headline matters saw Alberto de la Parra complete advice to Grupo Aeroportuario de la Ciudad de México (GACM) on a $3bn revolving credit facility and a $6.3bn Rule 144A/Reg.S bond issue to finance Mexico City’s new airport, and he continues to assist the client with Mexican-law matters related to corporate governance, and construction and procurement contracts, such as the recent $130m public logistics agreement with Ferrovalle related to the airport’s construction requirements. In conjunction with New York-based Robert Ashley, de la Parra also co-led on advice to Banco Santander et al (a six-bank syndicate) on a $607m debt financing to a subsidiary of First reserve for the acquisition of a gasoline facility from Pemex. Resident infrastructure project-finance specialist José Estandía advised Desarrollos Eólicos Mexicanos on a MXN$3.5bn loan from Banorte, Caixabank and Nafin; while the ‘enormously experienced and competentAntonio Franck led advice to Grupo Elektra on an increase to Intra Mexicana’s asset-backed securitization debt programme to MXN$8bn. Franck also advised Bancomext on the restructuring of a credit agreement to Fermaca New Projects (increasing the amount to $310m and amending it into a syndicated loan), and on a $178.2m loan agreement with borrower Negocios Renovables Inteligentes. Other key figures include finance and securities specialist Javier Martínez del Campo, who frequently advises Mexican borrowers such as Grupo Kuo or Grupo Gigante; former managing partner Fernando de Ovando who brings 40 years’ expertise to the table; and Silvia Malagón, ‘a fantastic lawyer for investment work’ who is also active in the capital markets. An able second line is led by Carlos Sámano and Arturo de la Parra. Other clients include IIC, JIC, MasterCard, Wells Fargo Bank, Crédito Real, Bank of Tokyo-Mitsubishi, Intesa Sanpaolo, Sabcapital and BBVA Bancomer.

Leading lawyers

Alberto de la Parra - Jones Day

Fernando de Ovando - Jones Day

[back to top]

Capital markets
Capital markets - ranked: tier 2

Jones Day

Jones Dayknows its way around’ the capital markets and ‘gives pertinent advice in difficult market conditions’. The core, eight-strong team advises local issuers and underwriters on both debt and equity offerings; on the establishment of mutual funds, pension funds and brokerage firms; and handles listings, compliance and governance matters, as well as regulatory counselling and representation. In an undoubted headline mandate, Alberto de la Parra advised Grupo Aeroportuario de la Ciudad de México on an initial, dual tranche (10 & 30 year) $2bn Rule 144A/Reg.S “green bond” senior secured notes offering for the construction of the new Mexico City airport. He was assisted by senior associate Arturo de la Parra. Particularly active advising mutual funds and brokerage firms, Silvia Malagón ‘knows the industry and its hurdles’ and ‘ticks all the boxes’ when it comes to service; her recent caseload includes leading advice to Principal Fondos de Inversión regarding CNBV authorization to modify 12 mutual funds in accordance with new regulatory requirements. Malagón works closely with seniors Eduardo Mendoza and Mauricio Bahena, who also supported her counsel to Ixedint and Ixe BNP Paribas de Acciones Mercados Emergentes on similar regulatory matters; Scotia Funds, SURA Investment Management México and Fondos de Inversión Multiva, on the incorporation and launch of mutual funds; and AXA IM México on its registration as an Investment Advisor. ‘Very active’ and ‘a specialist in the making’, senior associate Carlos Sámano led advice to Crédito Real on a $625m senior notes offer under Rule 144A/Reg.S, and also assisted with its five year, $375m revolving debt programme for the issuance of CEBURES. In addition, Sámano advised Grupo Elektra subsidiary, Intra Mexicana on a MXN$5bn increase of its debt programme, and two concurrent offerings (of MXN$2.5bn and MXN$1bn); he has been advising Elektra for over a decade. Javier Martínez del Campo, Fernando de Ovando and Mauricio Castilla are also key members of the practice. Other clients include Bancomer, Banorte and BNP Paribas, and on the issuer-side, Compartamos, Grupo Kuo and Grupo Gigante.

[back to top]

Competition and antitrust
Competition and antitrust - ranked: tier 2

Jones Day

Jones Day’s strong and popular team is jointly led by Gabriel Altamirano and Bertha Ordaz-Avilés. Major international clients benefit greatly from the Mexico office’s close links to the rest of the firm’s global network. The group had an active year in merger clearance work, and provided local antitrust advice to Newell Rubbermaid concerning its $15.4bn takeover of Jarden Corporation. Another highlight was advising Cardinal Health on the domestic merger clearance for its acquisition of Johnson & Johnson’s Cordis business. The firm also advised clients in relation to a variety of investigations in the pharmaceutical, transport and movie industries.

[back to top]

Corporate and M&A
Corporate and M&A - ranked: tier 2

Jones Day

Jones Day has a ‘very good’ corporate team led by Javier Martinez del Campo, who works alongside highly rated partners such as Antonio Franck and Luis Rubio, advising a range of major international clients on their Mexican interests. It recently acted for Newell Brands on the domestic aspects of its $16bn cash and stock acquisition of Jarden Corporation. The firm has also seen considerable activity in the energy sector, and represented Fisterra Energy, a subsidiary of the Blackstone Group, on the $852m sale of Ventika, a Mexican wind farm, to IEnova. Another highlight was advising Restaurantes Toks, a subsidiary of Grupo Gigante, on the acquisition of nine restaurants operated by Wings.

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 3

Jones Day

Jones Day is building a strong disputes practice capable of handling major arbitration and litigation cases for its international and domestic clients. The 13-lawyer group is jointly led by Antonio González and José Antonio Vázquez, who is praised for his ‘depth of knowledge and capacity to provide different scenarios in order to better protect his clients’ interests’. The firm has been involved in several major cases, including representing Telefónica Moviles Mexico and Pegaso PCS in a $1bn+ ICSID claim against the government of Mexico regarding a change in regulations for interconnection rates. Another highlight was representing Sherwin Williams in a $900m ICC arbitration against Comex concerning the termination of a share purchase agreement. The firm also assisted Hard Rock Cafe International in the enforcement of an ICC arbitral award which terminated a master franchise agreement against Operadora DB Mexico.

[back to top]

Energy and natural resources
Energy and natural resources - ranked: tier 2

Jones Day

Jones Day has a very active and experienced multidisciplinary practice, jointly led by José Estandía, who typically covers the power side, and Alberto de la Parra, who is responsible for oil and gas matters. Antonio Franck is also recommended, for his expertise in energy infrastructure projects. The firm recently advised Spectra Energy on its bid concerning the submarine pipe to connect to the Nueces-Brownsville pipeline; and acted for Fisterra Energy on the $852m sale of Ventika, a Mexican wind farm, to IEnova. Other major clients are Elecnor Group, Eni, Solairedirect, Iberdrola and Total.

[back to top]

Environment
Environment - ranked: tier 2

Jones Day

Jones Day provides a ‘very professional service’, through lawyers ‘with much experience, a good image, and a willingness to work’. The team has been involved in some significant projects, not least advising The New Mexico City Airport Group on environmental issues related to the development of the new airport. The firm also advised Procter & Gamble on the environmental and operational permits required for seven industrial plants and a Mexican distribution centre. Highly rated lead partner Mauricio Llamas attracts very high praise from clients, and is ‘an excellent consultant and team leader’.

[back to top]

International trade and customs
International trade and customs - ranked: tier 2

Jones Day

The international trade and customs practice at Jones Day’s Mexico office can draw on the expertise amassed across the firm’s global network, offering a certain advantage in terms of remaining up-to-date with matters that do not initially arrive in Mexico. Considered an increasingly noteworthy option in the sector, the six-strong local team advises on matters including maquiladora operations, customs valuations and audits, customs and tax litigation, NAFTA audits, health and sanitary import authorizations (a growing niche specialization of the practice), and administrative and regulatory procedures. In current work, the team is providing ongoing advice to Adidas on commercial and regulatory issues before the Customs and the Federal Consumer Protection Agency (PROFECO); Universal Pictures on the importing and exporting of technical equipment and marketing products; Mizhuo Bank on the customs and foreign trade implications of loans and guarantees to its clients (both Japanese exporters and Mexican importers); and Husqvarna on the restructure of its logistics procedures and customs-department functions. The team is also advising UPS on the provision of parcel and courier services in Mexico following its 2015 acquisition of Coyote Logistics. The practice also has some activity in the antidumping subsector, recently representing Jindal Saw and Elecnor during Mexican investigations into steel pipe imports from India and Spain, respectively. Part of the firm’s Government Regulation, International Trade and Customs department, the practice is co-led by administrative and regulatory practitioner Mauricio Llamas and ‘well known NAFTA specialistLuis Rubio Barnetche. However, it is ‘technically brilliant’ associate Javier Cortés (‘he real knows the sector’) who is perhaps the key practitioner; he can draw on his experience at both the Mexican tax authority (SAT), and as a trade and customs consultant at a noted tax firm. Corporate counsel Guillermo Larrea participates in compliance matters in the sector. Other clients include CBRE, Lanxess, Dufry, Steris Corporation and Lowe’s Companies.

[back to top]

Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Jones Day

The ‘excellent’ team at Jones Day has made a significant impression on the market, acting for sponsors, lenders and the public sector. It ‘analyses projects with extreme care’ and is also noted for its ‘very quick response time’ and the ‘synergies between the firm’s teams in different parts of the world’. It had the lead role on the major New Mexico City Airport project, where it advised Grupo Aeroportuario de la Ciudad de Mexico on the $3bn financing for the development. Its experience also includes major toll road projects and energy developments. On the lender side, it advised Banobras, Banco Santander, Banamex and other lenders on the $607m debt financing to a subsidiary of First Reserve to acquire an ultra-low sulphur gasoline facility from Pemex. The firm also represented Pier II Quelcholac Felipe Angeles, a subsidiary of Iberdrola, on the $61m financing for a 66MW wind farm project in Puebla. The ‘very comprehensiveAlberto de la Parra heads the team, which includes José Estandía, Manuel Romano and Antonio Franck.

Leading lawyers

Alberto de la Parra - Jones Day

Next generation lawyers

Selene Espinosa - Jones Day

[back to top]

Real estate
Real estate - ranked: tier 2

Jones Day

Demonstrating ‘great experience in the sector’ and ‘good quality serviceJones Day is ‘very proactive when it comes finding solutions to the problems that arise’. The team includes five partners and advises across the sector on matters ranging from due diligence and land development to complex portfolio operations, real estate investment vehicles and advice on agrarian land issues; the practice also offers associated environmental permitting, compliance and anti-corruption services. Group head Manuel Romanostands out for his experience and his conciliatory language in operations’, and handles matters including acquisitions and sales; construction, operations and management; commercial, industrial and residential developments; infrastructure matters and contentious work. Fellow practice partners Mauricio Llamas, Guillermo E Larrea, Fernanda Valdés and Rodrigo Gómez bring expertise in the environmental, compliance, real estate-finance and tax matters, respectively, to ensure ‘360-degree coverage’ that is delivered in ‘good time’ and at ‘efficient cost’. Recent matters saw the team advise Holley Group on the acquisition of 150 hectares of land for the development of a $500m mixed-use industrial park in Nuevo León; and Crowne Group on the MXN$257.6m sale-and-lease-back of an industrial facility in Matamoros. Ongoing headline work includes advising Toyota Motors on the development of its new $1bn plant in León, Guanajuato, including land acquisition, permitting matters and advice on agrarian law issues. Other ongoing matters include real estate due diligence and permitting work on behalf of Lowe’s in cities including Torreon, Santiago de Querétaro and León. Other matters included leasing contracts, due diligence, sales, and residential development projects. Infrastructure and energy associate Salvador Gallo is also active in the practice. Clients include Procter & Gamble, Toyota Corporation, Mision XII, Acciona, Cardinal Health, Goodyear Tire & Rubber, RadioShack, NII Holdings and Olympic Steel.

Leading lawyers

Manuel Romano - Jones Day

[back to top]

TMT
TMT - ranked: tier 2

Jones Day

Very accurate and careful on issuing advice’, Jones Day’s Mexico office ‘has a team that really can work and advise on any matter’; its ‘organization ensures its efficiency in providing responses in good time’. The practice advises across the full range of telecom matters from transactional to regulatory, and wireless to satellite, and also has the advantage of the firm’s international reach. ‘An old hand in telecom matters’, practice head Luis Rubio Barnetche is ‘hugely knowledgeable about the industry’ and ‘a first class strategic advisor’ who is ‘great at discerning unforeseen contingencies in business scenarios’; he counts major industrial, mobile telephone and satellite operators in Mexico among his clients, but is also well known for his work with trade associations and the Mexican government. Headline mandates saw the team advise Telefonica on a successful first-of-its-kind (for the Mexican market) spectrum swap and lease with AT&T (including all regulatory aspects); and it also attended to the Mexican aspects of CommScope Holding Company’s $3bn acquisition of the telecom, enterprise and wireless business of Switzerland-based TE Connectivity. Key team members include Octavio Lecona Morales (formerly at Mexico’s Federal Telecommunications Commission he has extensive experience working with Satmex and Telefónica, among others), whose practice focuses on government regulation, transactional matters and the telecoms sector. Bertha Ordaz-Áviles, who has ‘long had a telecoms aspect to her practice’, and who also handles corporate and transactional matters related to the telecoms and satellite sectors; and of counsel Guillermo Larrea, who has strong niche expertise in cybersecurity, data protection, and e-commerce. In other matters, the team also represents Maxcom, which has a quadruple-play service offering in Mexico, on corporate and regulatory matters, the development of new business lines and contentious administrative issues; is advising a cloud computing service provider on regulatory requirements; and in the satellite sub-sector, is acting for Satélites Mexicanos on issues related to its required capacity reserve. Intermediate associate Blanca Luévano is also noted. Clients include Amazon, Globalstar, Omnisapce, NBC and Universal.

Leading lawyers

Luis Rubio Barnetche - Jones Day

[back to top]

Tax
Tax - ranked: tier 3

Jones Day

Establishing a tax practice back in 2011, one of the first corporate firms to do so, Jones Day’s four-strong Mexican tax group is distinct in so far as a significant proportion of its work is derived from the firm’s global network, giving it a strongly international orientation. Tax planning and transactional matters constitute the weight of the caseload but the practice also undertakes tax audits and relevant administrative and regulatory issues. Practice head Rodrigo Gómez undertakes both tax consultancy (including planning and advisory), and tax litigation, as well as international trade and customs work. Key support comes from associates Luis Rodrigo Salinas and Andrés Lieja; Salinas focuses primarily on transactional work and consulting, while Lieja has particular expertise in PRODECON’s “conclusive agreements” process. Headline mandates saw the team advise a major automotive company on the Mexican tax consequences of the tax incentives granted by local government for establishing a new $900m plant in Mexico; and Toyota Motors (as part of a joint venture with Mazda), on the tax aspects of a possible $150m investment. In litigious matters the team is representing the Mexican subsidiary of a retail entity on a $10m tax treaty interpretation case against a SAT tax assessment (as well as advising on two tax audits and a VAT refund); and a US construction firm in two litigations against a tax assessment by the Mexican Social Security Institute (IMSS). In the maquiladora subsector it is advising an international manufacturer on an $18m domestic advance pricing agreement request with the Mexican tax authorities. Clients include American Standard (Lixil Corporation), Lowe’s Corporation, GIC Real Estate, Shiloh Industries, Essilor International, Forbes Energy Services Patron Spirits and FINCA Microfinance.

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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

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