The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Mayer Brown

71 SOUTH WACKER DRIVE, CHICAGO, IL 60606, USA
Tel:
Work +1 312 782 0600
Fax:
Fax +1 312 701 7711
Email:
Web:
www.mayerbrown.com

Douglas Doetsch

Tel:
Work +1 312 701 7973
Email:
Mayer Brown

Work Department

Finance

Position

Douglas Doetsch serves as head of the firm’s Latin America/Caribbean practice and co-head of the firm's Global Banking & Finance practice. He advises clients on acquisition and other leveraged lending transactions, structured credit transactions, and project financings, particularly in Latin America, the Caribbean and other emerging markets. He is also a leader in cross-border securitization transactions, especially future cash flow securitizations. In his cross-border work, Doug also regularly advises on emerging market debt restructuring and debt exchange offers. In addition, his transactional work involves asset and stock acquisitions, real estate investments, and cross-border joint ventures. Doug also advises emerging market companies on capital market offerings. Doug has earned wide recognition for his work in emerging markets since joining the firm in 1988.

Languages

English, French and Spanish

Education

Columbia Law School, JD 1986 Editor-in-Chief, Columbia Journal of Transnational Law Université de Dakar, Dakar, Senegal 1983 Rotary Graduate Fellowship Kalamazoo College, BA, magna cum laude 1979 Phi Beta Kappa


Latin America: International firms

Banking and finance

Within: Leading lawyers

Douglas Doetsch - Mayer Brown

Within: Banking and finance

Mayer Brown continues to impress with its outstanding lender client base, notably in large syndicated financings and acquisition financings, although it remains active across all major product areas. Cornerstone clients include HSBC and Credit Suisse, followed by a range of other lender clients such as Goldman Sachs, Banco Santander, Citibank, Deutsche Bank, Mizuho Securities, SMBC, Scotiabank and The Bank of Tokyo-Mitsubishi UFJ. The firm’s global standing in securitisation and structured finance is also to the fore in Latin America. The Latin America team has an especially strong record in Mexico, Colombia and Brazil and has seen particular growth across Central America. Workouts and restructurings in the oil-and-gas sector have been a particular feature of the Latin America practice. It has taken advantage of greater opportunities for commercial lenders and other sources of finance in Brazil, where it has a strong presence through its alliance firm Tauil & Chequer Advogados in association with Mayer Brown. The firm’s presence in Mexico is also pivotal to its success in Latin America. Chicago partner Debora de Hoyos led the team that advised Goldman Sachs, as lead arranger, on the MXN$8.2bn asset-backed term loan financing provided as part of the financing of Linzor Capital Partners’ $1.1bn acquisition of GE Capital Mexico’s equipment leasing business. In another substantial transaction the team advised The Bank of Tokyo Mitsubishi UFG and Banco Santander on their $200m financing of Colombian energy company Celsia’s acquisition of GDF Suez’s energy businesses in Costa Rica and Panama; this was a refinancing of a 2014 facility. The firm also advised Credit Suisse, as lead arranger and lender, on a $150m loan to Banco Pacifico Voucher Receivables SPV under the merchant voucher securitisation program of Banco del Pacifico. Chicago-based head of the Latin America practice and co-head of the global banking and finance practice, the ‘very smartDouglas Doetschkeeps his clients happy’, has an especially close connection to Credit Suisse and, has a formidable record in structured finance transactions. New York partner David Duffee is widely recognised for his expertise in syndicated lending and acquisition finance with key clients such as HSBC and Scotiabank (Bank of Nova Scotia). New York and Washington DC partner Christopher Erckert is a leader in project finance and Washington DC’s Gabriela Sakamoto is noted for her versatile practice, especially for multilateral agencies, export credit agencies and Credit Suisse. Chicago partner James Patti is at the forefront of diversified payment-rights financings in Latin America. In a noteworthy hire, the firm’s incipient Mexico City office was augmented by the arrival of project finance specialist Ariel Ramos, a former Haynes and Boone, L.L.P. partner.

[back to top]

Capital markets

Within: Capital markets

Mayer Brown remains a prominent player in structured bonds, and project and infrastructure bonds. Recently it has also experienced an uptick in vanilla bonds and equity deals, especially in Brazil, thanks in part to the firm’s sizeable presence in the jurisdiction through Tauil & Chequer Advogados in association with Mayer Brown. The two firms worked together to advise local water sanitation company Sanepar, on its $550m IPO on the Brazilian stock exchange. Other clients include Banco Safra, Banco de Credito del Perú, Banco General, BBVA Banco Continental, Citibank, Credit Suisse, Bank of America Merrill Lynch, BNP Paribas, Empresas ICA and Global Bank Corporation. On the structured bonds side, the firm advised Wells Fargo Securities as placement agent on a $350m offering of notes secured by dollar-denominated diversified payment rights sold by Banco Industrial. It also advised Banco General on another $250m notes offering backed by diversified payment rights. The team continues to be active in project and infrastructure bonds, especially related to transmission lines, roads and airports. Indeed, it has impressed with airport financings via the capital markets and in March 2017 advised the noteholders (as investors) on the $285m private placement of senior secured notes issued by Bermuda Skyport Corporation, the operator of the LF Wade International Airport in Bermuda; the proceeds are to be used for the design, reconstruction, operation and maintenance of the airport. Head of the Latin America practice and co-head of global banking and finance, Douglas Doetsch is a leader in structured bonds. James Patti is similarly highly regarded for structured bonds work as well as infrastructure-related finance in Latin America and other emerging markets. Washington DC and New York partner Christopher Erkhert is a prominent name in project bonds. Washington DC partner Gabriela Sakamoto is an emerging talent with a strong record in structured bonds and project bonds. New York partner George Baptista is a key player in vanilla bond matters.

[back to top]

Projects and energy

Within: Projects and energy

Mayer Brown has been a leader on bank-side project financings for many years and now has a fast expanding agency-led and sponsor-side practice. The firm has an impressive mix of bank and agency-led financings, coupled with financings through project bonds and private placements. Long positioned at the forefront of project bonds work, the firm is now leading the way in private placement style project bonds. For example, the team represented the investors in connection with the $127m refinancing of Aeris Holdings (the operator of Costa Rica’s Juan Santamaria International Airport), through a private issuance of senior secured notes; and in early 2017, also advised the noteholders, as investors, in the $285m private placement of senior secured notes issued by Bermuda Skyport Corporation (the operator of the LF Wade International Airport in Bermuda), to finance the design, reconstruction, operation and maintenance of the airport. Transport (including airports and toll roads), and power (including generation and transmission) are key areas of strength for the practice. 2016 mandates included advising Interchile, as borrower, on a senior secured loan for the design, construction, development, ownership and operation of several transmission lines in Chile’s Central and Northern Interconnected Grids. Beyond energy and infrastructure finance, the practice has grown its share of the project development market, especially through its Houston office (which has a prominent reputation in the liquefied natural gas sector), and also in connection with Mexico’s energy reforms. The firm has an established record in Mexico, given further impetus by the 2016 arrival of former Haynes and Boone, L.L.P. partner and projects specialist Ariel Ramos to its relatively new Mexico City office. The firm also remains a significant player in Brazil through Tauil & Chequer Advogados in association with Mayer Brown and is notably active in Peru, Chile, Central America, Paraguay and Uruguay. Head of the Latin America practice Douglas Doetsch is recommended for project finance work, including project bonds and private placement driven transactions. New York and Washington DC-based, Christopher Erckert has a fine record in Latin America in both classic project finance and project bonds, while Chicago partner Barry Machlin has considerable experience in energy and infrastructure projects for a variety of sponsors, bank lenders and agency lenders. ‘Very experienced’ Houston partner Jose Valera is an ‘excellent attorney’, with ‘good knowledge and a solid background’; he is particularly noted for Mexico energy work and LNG-related transactions around Latin America. Also in Houston, Pablo Ferrante is a Latin America energy specialist and is ‘very active in Colombia and Mexico’. Gabriela Sakamoto in Washington DC is a rising star in this market, and Eduardo Lima is the key partner in São Paulo. New York’s George Miller is noted for infrastructure projects in the Caribbean.

[back to top]

United States: Finance

Commercial lending

Within: Commercial lending

With strong teams in Chicago, New York and Charlotte, Mayer Brown is commended for its ‘responsiveness, client focus and subject matter experience’ as well as its ‘practical advice and top-notch legal knowledge’. The group is best known for its lender work but several of its partners, including group head Douglas Doetsch and New York-based David Duffee, also handle work for borrowers; highlights in this regard included advising Yum! Brands on a $3.5bn senior secured credit facility. Advice to lenders, however, remains a key component of the practice, which acts for major clients such as HSBC Bank (recently on a $1.9bn loan to Lila Mexican Holdings) and Bank of America, which it represented on a $2bn loan to Boyd Gaming Corporation. Adam Wolk is ‘particularly good in terms of responsiveness and practicality of advice’, and Barbara Goodsteinhas incredible industry knowledge and experience’. Frederick Fisher joined the Chicago office from Greenberg Traurig LLP in early 2016.

[back to top]


Back to index

Legal Developments worldwide

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

    Following the US subprime crisis that began in 2007, the notion of securitisation has suffered from bad press that tainted its reputation. However, securitisation is still considered as an essential component to continued economic recovery and for well-functioning financial markets.
  • PATENTABILITY OF SOFTWARE IN SINGAPORE

     leading_lines_newsletter_dec_2017
  • DOJ Makes the Pilot Program Permanent and Announces FCPA Corporate Enforcement Policy

    The US Department of Justice ("DOJ") had announced a pilot program [1] ("Pilot Program") on April 5, 2016, which created new mitigation opportunities for companies that (i) voluntarily self-disclosed, (ii) cooperated fully, and (iii) took timely and appropriate remedial actions in FCPA matters that fell within the Fraud Section's mandate. The Pilot Program was to remain in effect for 1 year, starting from the day of its announcement. On March 10, 2017, the Acting Assistant Attorney General, Kenneth A. Blanco, announced in a speech that the Pilot Program would continue in full force until the DOJ reached a final decision on whether to extend it, and what revisions, if any, should be made to it. [2] The evaluation period of the Pilot Program ended on November 29, 2017, when Deputy Attorney General Rod Rosenstein announced the new FCPA Enforcement Policy ("Policy"), which effectively makes the Pilot Program permanent with some revisions. According to Deputy Attorney General Rosenstein, the FCPA Unit received 30 voluntary disclosures during the time period that the Pilot Program was in force, as opposed to 18 voluntary disclosures that were received during the previous 18-month period. The Policy has been incorporated into the United States Attorneys' Manual in order to "be readily understood and easily applied by busy prosecutors" as opposed to being promulgated in memorandum format. [3]
  • Effects of State of Emergency Law in Turkey On Prison Sentences Under Criminal Execution Laws

    With the Statutory Decree No.671 dated August 17, 2016, and the recent changes with Regulations No.29987 and No.29824 on Regulation Regarding an Amendment on Placement to Open Punishment Execution Facilities effecting execution of the Law No.5275 on Punishment Execution Law has introduced significant changes.
  • [SOUTH KOREA] Supreme Court Affirms Lower Decision, Finding Invalid the Regulations on Foreign ...

    Supreme Court Affirms Lower Court Decision, Finding Invalid the Regulations on Foreign Exchange Report on Incorporation of Offshore Subsidiary by an Offshore Company
  • Disputes on Health-Related Commercial Advertisements under Consumer Law

    Introduction
  • [SOUTH KOREA] New Administration’s Key Environmental Policies

    To step forward as an environment-friendly government, the Moon Jae-in Administration has announced its key environmental policies, including improving safety in chemical substances and household chemical products, and reinforcing implementation measures of the Paris Agreement.  Under the “sustainable development” paradigm, the new administration will continually promote new regulations to protect the environment and strengthen its enforcement of environmental regulations.
  • [SOUTH KOREA] Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an ...

    Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an Ordinary Wage Case 
  • SyCipLaw TMT Bulletin: “More Philippine Data Privacy Act: Are you Ready for Phase II?”

    Controllers and processors who have completed Phase I registration with the National Privacy Commission (NPC) will now have to gear up for Phase II. Phase II involves providing the NPC certain information on the organization’s compliance with the Data Privacy Act (DPA).
  • Crowdfunding - The Path towards a regulatory Framework

      The importance and feasibility of crowdfunding platforms is increasing in stature and importance for current and future the entrepreneurs. Malta has recently acceded to the rising trend by creating its first crowdfunding platform, ZAAR, a reward-based crowdfunding platform who has recently been awarded with the first prize in its section at the National Enterprise Support Awards 2016 also as well as being one of the local projects that have represented Malta at the European Enterprise Promotion Awards 2016, held in Slovakia. Nonetheless start-ups based in Malta with global aspirations often rely on international platforms. An increase in interest has emerged amongst the art and culture community as well in social entrepreneurship projects. Crowdfunding in Malta is still at the early stages of development. Despite this, there are endless opportunities for local entrepreneurs and the local business community. Research has shown that through international crowdfunding platforms, monies have been raised for projects in the field of gaming consoles, apps and software as well as for artistic projects.  Testimony to this is a new game design studio in Malta, that launched its first game, Politicks, raised financing through the crowdfunding platform Indiegogo.