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BLVD. MANUEL A. CAMACHO 24, LOMAS DE CHAPULTEPEC, MEXICO, D.F. 11000, MEXICO
Tel:
Work +52 55 5540 9200
Fax:
Fax +52 55 5540 9202
Email:
Web:
www.galicia.com.mx

Latin America: International firms

Local practitioners of note (by country)

Von Wobeser y Sierra, SC’s managing partner Claus Von Wobeser is ‘one of Mexico’s leading arbitration specialists, very respected worldwide’. He successfully represented Acqua Mineral San Benedetto in an ICC dispute with a joint venture partner. ‘Excellent lawyerMarco Tulio Venegas is another key contact for international arbitration at the firm. Solcargo’s dispute resolution practice head Fernando Pérez Correa is an experienced lawyer and a key adviser to the Comisión Federal de Electricidad, recently representing it in several ICC arbitrations. Abascal Segovia & Asociados’ José María Abascal is very experienced in international arbitration, and has been a Mexican delegate to UNCITRAL since 1985. He has acted as counsel, arbitrator and expert in major forums including the ICC, the ICDR and the LCIA. Galicia Abogados SC’s new arbitration and dispute resolution head Rodrigo Zamora is highly regarded for his track record as arbitrator and counsel in ICC as well as ICSID cases. Santamarina y Steta’s very active dispute resolution head Fernando Del Castillo is ‘a truly terrific lawyer’, and recently represented Peñafiel Aguas Minerales, a Mexican mineral water company owned by the Dr Pepper Snapple Group, in an ICC dispute with joint venture partner Acqua Minerale San Benedetto. ‘Talented sole practitioner’ Francisco González de Cossío, who founded González de Cossío Abogados, SC, is recommended for his expertise in alternative dispute resolution. He is a member of the LCIA and president of the Centro de Arbitraje de la Industria de la Construcción.

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Mexico

Banking and finance
Banking and finance - ranked: tier 1

Galicia Abogados SC

A mainstay in today’s market, ‘corporate powerhouseGalicia Abogados SC has ‘earned its place at the top table’ on lender side mandates, adding to its already established borrower-side corporate representation in financings. In addition, it has an ‘impressive and up-to-the-minute’ banking regulatory practice that has been extended with the recent development of a litigious regulatory capacity. Recent matters saw banking and project finance specialist Humberto Pérez Rocha advise HSBC on the MXN$1.4bn financing of two vapour-producing power generation projects; and Banobras and Banorte on the MXN$6bn refinancing of the urban toll roads Supervía Poneinte and Segundo Piso Luis Cabrera. The corporate-finance focused José Visoso advised Victory Park Capital on a $25m loan to Kueski for the financing of micro-loans, and also assisted Grupo Azucarero México (GAM) on a $26m credit facility granted by Coöperatieve Rabobank. In a notable transaction in the finance sector – an area in which the team is increasingly active due to its strength in regulatory matters – Arturo Perdomo advised Credomatic on the MXN$900m sale of its credit card business to Banco Invex. A multidisciplinary team also assisted on COPEXA’s MXN$1.4bn notes offering, with Alejandro de la Borbolla advising the issuer; Bernardo Martinez Negrete counselling the syndicate of banks including Banco Santander, Banco Mercantil del Norte, Banorte, Caixabank and Banco Inbursa; and Maurice Berkman acting as capital markets counsel and advising broker Actinver. Other matters saw Eugenio Sepúlveda active in the municipal financing subsector, working within the framework of the New Financial Discipline Law for Municipal Entities, and Guillermo Pérez Santiago undertook a number of major credit and revolving loan facilities. Senior associates Cecilia Díaz de Rivera, Rodrigo Rivera S and Rosemarie McLaren Magnus are all noted for financing matters. Clients include Banco de Sabadell, HSBC, Banamex (Citibank), Bank of America, Monex, Scotiabank and Morgan Stanley.

Leading lawyers

Manuel Galicia - Galicia Abogados SC

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Capital markets
Capital markets - ranked: tier 1

Galicia Abogados SC

One client commented, ‘I like this firm because it’s a full service one, but you also have good and reliable lawyers for each matter that you need’, which reflects a more generalised sentiment regarding Galicia Abogados SC; its ‘skilful, reliable and business-oriented lawyers’ provide ‘good legal services’ and are ‘always responsive 24/7’. Attending a healthily balanced mix of issuer and financial-service entity clients, the 13-strong practice group is led by Guillermo Perez Santiago and Maurice Berkman; the pair are ‘a very good reference point in the legal capital markets practice’, are ‘very reliable’ and ‘have high-level knowledge and expertise’. Recent matters saw Berkman, with support from Manuel Galicia and José Visoso, lead advice to retailer Soriana on the shelf registration and offering of $420m’ worth of notes, and on a subsequent $2.1bn tender offer for 100% of the capital stock of Controladora Comercial Mexicana (CCM); advise RLH Properties on its MXN$451m IPO (and subsequent MXN$1.3bn follow-on offering); and Anheuser Busch-Inbev on the listing of the shares of the holding company that – in the wake of AB-Inbev’s $105bn acquisition of SAB Miller – will hold the shares of both. Pérez Santiago advised Mexico’s Bancomext on its heavily over-subscribed $750m subordinated preferred capital notes issue under Rule 144A/Reg.S (a landmark transaction insofar as it allowed a development bank to account such debt as Tier-2 capital); acted as deal counsel, advising BBVA, Merrill Lynch and Santander (as underwriters), and Grupo Bimbo (as issuer), on the latter’s MXN$8bn notes offer; and Fondo Especial para Financiamientos Agropecuarios, a state-owned agricultural development trust, on the extension of its debt programme and on a dual tranche offering with an aggregate value of MXN$5bn. In other matters the team advised issuer COPEXA, a banking syndicate comprising Santander, Banorte, Caixabank and Inbursa, and broker Actinver, on a MXN$1.47bn notes offering; Citigroup, HSBC, JP Morgan et al, as initial purchasers, on a $2bn issue by Grupo Aeroportuario de la Ciudad de México; act as Mexican counsel to development bank Nacional Financiera on its MXN$5bn global offering; and advise brokers Grupo Bursátil Mexicano and Morgan Stanley, as underwriters, on PINFRA’s $632.9 Fibra Via, the country’s first FIBRA-E transaction. Senior associates Roberto Ortiz, José Alejandro Cortés and María de los Ángeles Padilla are also noted. Other clients include ARCA Continental, Bank of America, Credit Suisse, Citibank, JP Morgan, HSBC, Santander, BBVA, Morgan Stanley, Kimberly Clark and Grupo Aeroportuario del Sureste (ASUR).

Leading lawyers

Guillermo Pérez Santiago - Galicia Abogados SC

Maurice Berkman - Galicia Abogados SC

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Competition and antitrust
Competition and antitrust - ranked: tier 1

Galicia Abogados SC

Christian Lippert and Carlos Chávez jointly lead the very strong team at Galicia Abogados SC, which handles an impressive range of merger control filings and cartel and market investigations. The firm has invested heavily in the practice, with Lippert and Chávez backed up by a team of nine associates. On the investigations side, the firm has been advising Grupo México in an ongoing case involving railroad concessions in Mexico. The firm’s active M&A team also ensures a regular flow of transactional work, with recent highlights including advising El Puerto de Liverpool on its acquisition of the retailer Suburbia, from Wal-Mart Mexico. The firm also benefits from the expertise of administrative litigator Daniel Amézquita.

Leading lawyers

Christian Lippert - Galicia Abogados SC

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Galicia Abogados SC

Galicia Abogados SC’ standing in the market is amply demonstrated by its workflow, which includes some of the market’s largest and most demanding private equity and corporate transactions. The team is jointly led by Ignacio Pesqueira and José Visoso, and benefits from the expertise of several market heavyweights, including Manuel Galicia and competition head Christian Lippert. Recent highlights include advising El Puerto de Liverpool on its $1bn takeover of the Suburbia-branded apparel business from Walmex. On the private equity front, the firm advised Nexxus Capital on its $136m investment into logistics company Fondo de Transporte Mexico. Other key partners include Héctor Kuri and Ricardo Garcia.

Leading lawyers

Ignacio Pesqueira - Galicia Abogados SC

Manuel Galicia - Galicia Abogados SC

Next generation lawyers

Ramiro Sandoval - Galicia Abogados SC

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Energy and natural resources
Energy and natural resources - ranked: tier 1

Galicia Abogados SC

Galicia Abogados SC has over 20 lawyers, including five partners, with strong expertise in energy matters, working out of its Mexico City and Monterrey offices. Its greatest strength lies in project finance and M&A, across oil and gas, power and renewables, but the team is also highly experienced on the regulatory side. A major highlight was assisting Enel Green Power in its successful bid for 50% of the renewable energy power purchase agreements being auctioned by the Federal Electricity Commission. The firm also advised the lenders, including the Bank of Tokyo-Mitsubishi and Banco Santander, on the $352m financing for the development of a gas transportation pipeline in northern Mexico. The team is co-led by Carlos de Maria y Campos and Francisco Fernández Cueto.

Leading lawyers

Carlos de Maria y Campos - Galicia Abogados SC

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Environment
Environment - ranked: tier 2

Galicia Abogados SC

Galicia Abogados SC advises a mix of lenders and sponsors on environmental issues, typically in the context of major projects and M&A deals. Recent highlights include assisting Bunge North America in the environmental due diligence for its investment in Grupo Minsa, one of the main cornflour producers in Mexico. The firm also advised Fermaca Global on the environmental aspects of its successful bid to develop the La Laguna – Aguascalientes pipeline and the Villa de Reyes – Agauscalientes – Guadalajara pipeline. On the renewables side, it assisted EDP Renewables in securing the environmental and regulatory permits to develop a 200MW wind farm in the state of Coahuila. Group head Mariana Herrero is ‘a pleasure to work with’.

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Insurance
Insurance - ranked: tier 4

Galicia Abogados SC

Full service powerhouse Galicia Abogados SC is seeking to further develop its presence in the insurance sector, which currently remains active primarily on the corporate side of the practice. Recent matters saw the team act as counsel to the management of broker Cooper Gay, Del Rio y Asociados in the management buyout of the company. It is also active in relation to compliance, particular as regards Solvencia II capitalization issues. Ongoing permanent work includes advising HSBC Seguros, Sura Seguros (México), Cesce Seguros and MetLife Seguros, on regulatory matters and in connection with the analysis and negotiation of claims. Practice head Humberto Pérez Rocha is a frequent participant in transactional work in the sector and can also draw on in-house experience, having previously been seconded to act as general counsel for a major Mexican insurer. The small team has been further boosted by the arrival of associate Francisco Javier Alejo from Nader, Hayaux y Goebel, SC in mid-2016. The practice has also acted for clients including AIG, British United Provident Association, Colonial Penn, GE Capital Insurance, ING Groep, RSA, Seguros Argos and United Guaranty.

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

Galicia Abogados SC

Boosted by the return of senior associate Mario Valencia Concha upon the completion of his masters (on WTO trade issues), the six-strong team at Galicia Abogados SC has been particularly active in relation to the solar power sector, recently. Here, mandates have included representing the Asociación Mexicana de Energía Solar Fotovoltaica (ASOLMEX) regarding the tariff classification of solar panels imported from China (a case hinging on the Ministry of Finance’s attempt to classify the panels as “generators”); advising Sunpower Corporation Mexico on importation strategies in the sector, and assisting TAI Durango Uno on nullity claims challenging tax assessments, again in relation to tariff classifications. Practice head Daniel Amézquita works across both the customs and trade aspects of the practice, and has ‘great experience in administrative litigation’. Head of the firm’s Asia desk, of counsel Juan Pablo Cervantes is ‘a key member of the team’ and has particular expertise in antidumping investigations. Other recent matters include representing the China Chamber of International Commerce in an antidumping investigation in the aluminium cookware subsector; Angus Chemical on import permits for dangerous chemical products; a nullity claim regarding a tax assessment for the temporary importation of films on behalf of Walt Disney and Sony Pictures; and representing UK Carbon & Graphite in countervailing (anti-circumvention) investigations concerning the importation of graphite electrodes from China. Associate José Andrés Muñiz is also noted. Other clients include Grupo Aeroméxico, Siemens Grupo Modelo, Scotiabank Grupo Celanese and B&G Foods.

Next generation lawyers

Mario Valencia Concha - Galicia Abogados SC

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Galicia Abogados SC

Galicia Abogados SC has impeccable credentials in project finance, covering both energy and infrastructure developments, and regularly acts for lenders and sponsors. Its capacity to handle Mexico’s largest projects was demonstrated through its instruction to advise the lenders on the development of the new Mexico City Airport. It also advised Banco Santander and Banobras on the restructuring of a MX$850m loan to a subsidiary of FCC Construcción for the construction of a submerged tunnel under the Coatzacoalcos river; and, on the sponsor side, acted for COPEXA on an $82m bond offering to refinance the construction of a toll road in the state of Veracruz. Carlos de María y Campos heads the team, with other key partners including Bernardo Martínez Negrete and Alejandro de la Borbolla.

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Real estate
Real estate - ranked: tier 3

Galicia Abogados SC

Clients who have experienced the ‘very responsive’ team’s ‘premier level of service’, ‘excellent insight into the industry’ and ‘appropriate fee arrangements’ comment: ‘I would highly recommend the real estate practice ofGalicia Abogados SC. With a strong emphasis on major, high-end work, the now six-strong practice group handles due diligence and legal risks, the negotiation and documentation of contracts for the acquisition, financing, leasing, development and operation of properties, and condominium and fractional ownership matters. Moreover, the firm has just opened a Monterrey office, which is likely to increase its real estate caseload in particular. Only a year old, the practice is already attracting truly heavyweight clients – such as PREI, Blackstone and CINTA – due to the experience and calibre of practice head Alejandro Trujillo. Clients speak of ‘a business oriented, hands-on problem solver and strategist with good risk-assessment skills’ who is ‘a true all-rounder’, had ‘deep in-house knowledge’ and is as ‘good on the technical aspects as on the commercial side…he’s truly first class’. Recent matters include advising new client CKD Walton Street Capital-FINSA on the closure of credit lines with an aggregate value of $120m (from Bancomext, Santander and Banorte) for the acquisition of industrial portfolios and the development of built-to-suit facilities. Trujillo can also call on Jose Visozo and Ignacio Pesqueira who both have extensive real estate experience; and has recourse to the competition, finance, environmental and other departments as required. Other clients include Alignmex Real Estate Capital, Fibra HD, Grupo Sordo Madaleno, Acosta Verde, Macquarie, Artha Capital, Banamex and BK Partners.

Leading lawyers

Alejandro Trujillo - Galicia Abogados SC

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TMT
TMT - ranked: tier 4

Galicia Abogados SC

Galicia Abogados SC is ‘fast gaining visibility in the sector’ and enters the ranking as key corporate and telecoms advisor to major player AT&T, which consolidated its position in Mexico with the 2015 acquisitions of Iusacell and Nextel México. More recent headline mandates saw practice head Carlos Chávez lead advice to AT&T on its swapping of 10MHz of spectrum holdings with Telefónica and associated – and novel – frequency leaseback arrangement; this was followed by reciprocal national roaming agreements between the two parties. The team obviously draws on the corporate, finance, administrative and particularly competition practices at the firm as required; but on regulatory matters, in addition to Chávez, has recourse to senior associate Gerardo Rodríguez A. The team’s sector expertise, particularly in relation to telecom infrastructure matters, was further enhanced with the arrival of associate Maite Celorio from Acedo, Santamarina, S.C. However, Alejandro Perera left for Mijares, Angoitia, Cortés y Fuentes S.C.. Other clients include Grupo México and Hispasat.

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Tax
Tax - ranked: tier 5

Galicia Abogados SC

The mid-2016 arrival of former “OSE”-partner, Gabriela Pellón and her ‘very good’ team at Galicia Abogados SC was a pivotal moment in the recent move by corporate law firms to develop significant tax capability, all but ensuring the phenomena would continue and broaden. The ‘very experienced and respected’ Pellón arrived with four other lawyers, including former OSE-junior partner, Denise Lester, and has since hired a further two lawyers; while the department certainly remains ‘a work in progress’, it is regarded as having ‘a solid foundation in place’. Pellón has a broad practice but is best known for her contentious tax work, hence the importance of the arrival of Arturo Pérez Robles as a counsel (although he also retains his own private practice). Pérez Robles has over 25 years’ in the sector and is ‘simply brilliant on planning and consultancy work’. Recent mandates include advising a client in the retail sector on the tax structure for a major real estate acquisition; advising a multinational conglomerate on relations with Mexico’s Tax Administration Service, and handling its audits; and tax efficient structures and tax-benefit maximization in the renewables sector. Certainly initial client responses to the practice have been favourable: ‘the level of service is excellent: response times are very good and opinions are very thorough and well-researched’, demonstrating ‘knowledge not only of tax law but of corporate and administrative aspects as well’; or again, ‘a first class team, it’s ‘really sophisticated and capable of dealing with complex matters’. Pellón not only ‘understands clients’ needs and how to organize the team for their benefit’, but also has ‘a deep understanding of business practices as applied to her area, therefore her advice is not only legally sound but also makes business sense’. Senior associate Lester and associate Gabryela Valencia are also noted. Other matters include VAT refunds, PRODECON procedures, audit processes, the litigation of tax assessments, “amparos”, and general tax advisory.

Leading lawyers

Arturo Pérez Robles - Galicia Abogados SC

Gabriela Pellón - Galicia Abogados SC

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Latin America: International firms

Local practitioners of note (by country)

Von Wobeser y Sierra, SC’s managing partner Claus Von Wobeser is ‘one of Mexico’s leading arbitration specialists, very respected worldwide’. He successfully represented Acqua Mineral San Benedetto in an ICC dispute with a joint venture partner. ‘Excellent lawyerMarco Tulio Venegas is another key contact for international arbitration at the firm. Solcargo’s dispute resolution practice head Fernando Pérez Correa is an experienced lawyer and a key adviser to the Comisión Federal de Electricidad, recently representing it in several ICC arbitrations. Abascal Segovia & Asociados’ José María Abascal is very experienced in international arbitration, and has been a Mexican delegate to UNCITRAL since 1985. He has acted as counsel, arbitrator and expert in major forums including the ICC, the ICDR and the LCIA. Galicia Abogados SC’s new arbitration and dispute resolution head Rodrigo Zamora is highly regarded for his track record as arbitrator and counsel in ICC as well as ICSID cases. Santamarina y Steta’s very active dispute resolution head Fernando Del Castillo is ‘a truly terrific lawyer’, and recently represented Peñafiel Aguas Minerales, a Mexican mineral water company owned by the Dr Pepper Snapple Group, in an ICC dispute with joint venture partner Acqua Minerale San Benedetto. ‘Talented sole practitioner’ Francisco González de Cossío, who founded González de Cossío Abogados, SC, is recommended for his expertise in alternative dispute resolution. He is a member of the LCIA and president of the Centro de Arbitraje de la Industria de la Construcción.

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Mexico

Banking and finance
Banking and finance - ranked: tier 1

Galicia Abogados SC

A mainstay in today’s market, ‘corporate powerhouseGalicia Abogados SC has ‘earned its place at the top table’ on lender side mandates, adding to its already established borrower-side corporate representation in financings. In addition, it has an ‘impressive and up-to-the-minute’ banking regulatory practice that has been extended with the recent development of a litigious regulatory capacity. Recent matters saw banking and project finance specialist Humberto Pérez Rocha advise HSBC on the MXN$1.4bn financing of two vapour-producing power generation projects; and Banobras and Banorte on the MXN$6bn refinancing of the urban toll roads Supervía Poneinte and Segundo Piso Luis Cabrera. The corporate-finance focused José Visoso advised Victory Park Capital on a $25m loan to Kueski for the financing of micro-loans, and also assisted Grupo Azucarero México (GAM) on a $26m credit facility granted by Coöperatieve Rabobank. In a notable transaction in the finance sector – an area in which the team is increasingly active due to its strength in regulatory matters – Arturo Perdomo advised Credomatic on the MXN$900m sale of its credit card business to Banco Invex. A multidisciplinary team also assisted on COPEXA’s MXN$1.4bn notes offering, with Alejandro de la Borbolla advising the issuer; Bernardo Martinez Negrete counselling the syndicate of banks including Banco Santander, Banco Mercantil del Norte, Banorte, Caixabank and Banco Inbursa; and Maurice Berkman acting as capital markets counsel and advising broker Actinver. Other matters saw Eugenio Sepúlveda active in the municipal financing subsector, working within the framework of the New Financial Discipline Law for Municipal Entities, and Guillermo Pérez Santiago undertook a number of major credit and revolving loan facilities. Senior associates Cecilia Díaz de Rivera, Rodrigo Rivera S and Rosemarie McLaren Magnus are all noted for financing matters. Clients include Banco de Sabadell, HSBC, Banamex (Citibank), Bank of America, Monex, Scotiabank and Morgan Stanley.

Leading lawyers

Manuel Galicia - Galicia Abogados SC

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Capital markets
Capital markets - ranked: tier 1

Galicia Abogados SC

One client commented, ‘I like this firm because it’s a full service one, but you also have good and reliable lawyers for each matter that you need’, which reflects a more generalised sentiment regarding Galicia Abogados SC; its ‘skilful, reliable and business-oriented lawyers’ provide ‘good legal services’ and are ‘always responsive 24/7’. Attending a healthily balanced mix of issuer and financial-service entity clients, the 13-strong practice group is led by Guillermo Perez Santiago and Maurice Berkman; the pair are ‘a very good reference point in the legal capital markets practice’, are ‘very reliable’ and ‘have high-level knowledge and expertise’. Recent matters saw Berkman, with support from Manuel Galicia and José Visoso, lead advice to retailer Soriana on the shelf registration and offering of $420m’ worth of notes, and on a subsequent $2.1bn tender offer for 100% of the capital stock of Controladora Comercial Mexicana (CCM); advise RLH Properties on its MXN$451m IPO (and subsequent MXN$1.3bn follow-on offering); and Anheuser Busch-Inbev on the listing of the shares of the holding company that – in the wake of AB-Inbev’s $105bn acquisition of SAB Miller – will hold the shares of both. Pérez Santiago advised Mexico’s Bancomext on its heavily over-subscribed $750m subordinated preferred capital notes issue under Rule 144A/Reg.S (a landmark transaction insofar as it allowed a development bank to account such debt as Tier-2 capital); acted as deal counsel, advising BBVA, Merrill Lynch and Santander (as underwriters), and Grupo Bimbo (as issuer), on the latter’s MXN$8bn notes offer; and Fondo Especial para Financiamientos Agropecuarios, a state-owned agricultural development trust, on the extension of its debt programme and on a dual tranche offering with an aggregate value of MXN$5bn. In other matters the team advised issuer COPEXA, a banking syndicate comprising Santander, Banorte, Caixabank and Inbursa, and broker Actinver, on a MXN$1.47bn notes offering; Citigroup, HSBC, JP Morgan et al, as initial purchasers, on a $2bn issue by Grupo Aeroportuario de la Ciudad de México; act as Mexican counsel to development bank Nacional Financiera on its MXN$5bn global offering; and advise brokers Grupo Bursátil Mexicano and Morgan Stanley, as underwriters, on PINFRA’s $632.9 Fibra Via, the country’s first FIBRA-E transaction. Senior associates Roberto Ortiz, José Alejandro Cortés and María de los Ángeles Padilla are also noted. Other clients include ARCA Continental, Bank of America, Credit Suisse, Citibank, JP Morgan, HSBC, Santander, BBVA, Morgan Stanley, Kimberly Clark and Grupo Aeroportuario del Sureste (ASUR).

Leading lawyers

Guillermo Pérez Santiago - Galicia Abogados SC

Maurice Berkman - Galicia Abogados SC

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Competition and antitrust
Competition and antitrust - ranked: tier 1

Galicia Abogados SC

Christian Lippert and Carlos Chávez jointly lead the very strong team at Galicia Abogados SC, which handles an impressive range of merger control filings and cartel and market investigations. The firm has invested heavily in the practice, with Lippert and Chávez backed up by a team of nine associates. On the investigations side, the firm has been advising Grupo México in an ongoing case involving railroad concessions in Mexico. The firm’s active M&A team also ensures a regular flow of transactional work, with recent highlights including advising El Puerto de Liverpool on its acquisition of the retailer Suburbia, from Wal-Mart Mexico. The firm also benefits from the expertise of administrative litigator Daniel Amézquita.

Leading lawyers

Christian Lippert - Galicia Abogados SC

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Galicia Abogados SC

Galicia Abogados SC’ standing in the market is amply demonstrated by its workflow, which includes some of the market’s largest and most demanding private equity and corporate transactions. The team is jointly led by Ignacio Pesqueira and José Visoso, and benefits from the expertise of several market heavyweights, including Manuel Galicia and competition head Christian Lippert. Recent highlights include advising El Puerto de Liverpool on its $1bn takeover of the Suburbia-branded apparel business from Walmex. On the private equity front, the firm advised Nexxus Capital on its $136m investment into logistics company Fondo de Transporte Mexico. Other key partners include Héctor Kuri and Ricardo Garcia.

Leading lawyers

Ignacio Pesqueira - Galicia Abogados SC

Manuel Galicia - Galicia Abogados SC

Next generation lawyers

Ramiro Sandoval - Galicia Abogados SC

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Energy and natural resources
Energy and natural resources - ranked: tier 1

Galicia Abogados SC

Galicia Abogados SC has over 20 lawyers, including five partners, with strong expertise in energy matters, working out of its Mexico City and Monterrey offices. Its greatest strength lies in project finance and M&A, across oil and gas, power and renewables, but the team is also highly experienced on the regulatory side. A major highlight was assisting Enel Green Power in its successful bid for 50% of the renewable energy power purchase agreements being auctioned by the Federal Electricity Commission. The firm also advised the lenders, including the Bank of Tokyo-Mitsubishi and Banco Santander, on the $352m financing for the development of a gas transportation pipeline in northern Mexico. The team is co-led by Carlos de Maria y Campos and Francisco Fernández Cueto.

Leading lawyers

Carlos de Maria y Campos - Galicia Abogados SC

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Environment
Environment - ranked: tier 2

Galicia Abogados SC

Galicia Abogados SC advises a mix of lenders and sponsors on environmental issues, typically in the context of major projects and M&A deals. Recent highlights include assisting Bunge North America in the environmental due diligence for its investment in Grupo Minsa, one of the main cornflour producers in Mexico. The firm also advised Fermaca Global on the environmental aspects of its successful bid to develop the La Laguna – Aguascalientes pipeline and the Villa de Reyes – Agauscalientes – Guadalajara pipeline. On the renewables side, it assisted EDP Renewables in securing the environmental and regulatory permits to develop a 200MW wind farm in the state of Coahuila. Group head Mariana Herrero is ‘a pleasure to work with’.

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Insurance
Insurance - ranked: tier 4

Galicia Abogados SC

Full service powerhouse Galicia Abogados SC is seeking to further develop its presence in the insurance sector, which currently remains active primarily on the corporate side of the practice. Recent matters saw the team act as counsel to the management of broker Cooper Gay, Del Rio y Asociados in the management buyout of the company. It is also active in relation to compliance, particular as regards Solvencia II capitalization issues. Ongoing permanent work includes advising HSBC Seguros, Sura Seguros (México), Cesce Seguros and MetLife Seguros, on regulatory matters and in connection with the analysis and negotiation of claims. Practice head Humberto Pérez Rocha is a frequent participant in transactional work in the sector and can also draw on in-house experience, having previously been seconded to act as general counsel for a major Mexican insurer. The small team has been further boosted by the arrival of associate Francisco Javier Alejo from Nader, Hayaux y Goebel, SC in mid-2016. The practice has also acted for clients including AIG, British United Provident Association, Colonial Penn, GE Capital Insurance, ING Groep, RSA, Seguros Argos and United Guaranty.

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

Galicia Abogados SC

Boosted by the return of senior associate Mario Valencia Concha upon the completion of his masters (on WTO trade issues), the six-strong team at Galicia Abogados SC has been particularly active in relation to the solar power sector, recently. Here, mandates have included representing the Asociación Mexicana de Energía Solar Fotovoltaica (ASOLMEX) regarding the tariff classification of solar panels imported from China (a case hinging on the Ministry of Finance’s attempt to classify the panels as “generators”); advising Sunpower Corporation Mexico on importation strategies in the sector, and assisting TAI Durango Uno on nullity claims challenging tax assessments, again in relation to tariff classifications. Practice head Daniel Amézquita works across both the customs and trade aspects of the practice, and has ‘great experience in administrative litigation’. Head of the firm’s Asia desk, of counsel Juan Pablo Cervantes is ‘a key member of the team’ and has particular expertise in antidumping investigations. Other recent matters include representing the China Chamber of International Commerce in an antidumping investigation in the aluminium cookware subsector; Angus Chemical on import permits for dangerous chemical products; a nullity claim regarding a tax assessment for the temporary importation of films on behalf of Walt Disney and Sony Pictures; and representing UK Carbon & Graphite in countervailing (anti-circumvention) investigations concerning the importation of graphite electrodes from China. Associate José Andrés Muñiz is also noted. Other clients include Grupo Aeroméxico, Siemens Grupo Modelo, Scotiabank Grupo Celanese and B&G Foods.

Next generation lawyers

Mario Valencia Concha - Galicia Abogados SC

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Galicia Abogados SC

Galicia Abogados SC has impeccable credentials in project finance, covering both energy and infrastructure developments, and regularly acts for lenders and sponsors. Its capacity to handle Mexico’s largest projects was demonstrated through its instruction to advise the lenders on the development of the new Mexico City Airport. It also advised Banco Santander and Banobras on the restructuring of a MX$850m loan to a subsidiary of FCC Construcción for the construction of a submerged tunnel under the Coatzacoalcos river; and, on the sponsor side, acted for COPEXA on an $82m bond offering to refinance the construction of a toll road in the state of Veracruz. Carlos de María y Campos heads the team, with other key partners including Bernardo Martínez Negrete and Alejandro de la Borbolla.

[back to top]

Real estate
Real estate - ranked: tier 3

Galicia Abogados SC

Clients who have experienced the ‘very responsive’ team’s ‘premier level of service’, ‘excellent insight into the industry’ and ‘appropriate fee arrangements’ comment: ‘I would highly recommend the real estate practice ofGalicia Abogados SC. With a strong emphasis on major, high-end work, the now six-strong practice group handles due diligence and legal risks, the negotiation and documentation of contracts for the acquisition, financing, leasing, development and operation of properties, and condominium and fractional ownership matters. Moreover, the firm has just opened a Monterrey office, which is likely to increase its real estate caseload in particular. Only a year old, the practice is already attracting truly heavyweight clients – such as PREI, Blackstone and CINTA – due to the experience and calibre of practice head Alejandro Trujillo. Clients speak of ‘a business oriented, hands-on problem solver and strategist with good risk-assessment skills’ who is ‘a true all-rounder’, had ‘deep in-house knowledge’ and is as ‘good on the technical aspects as on the commercial side…he’s truly first class’. Recent matters include advising new client CKD Walton Street Capital-FINSA on the closure of credit lines with an aggregate value of $120m (from Bancomext, Santander and Banorte) for the acquisition of industrial portfolios and the development of built-to-suit facilities. Trujillo can also call on Jose Visozo and Ignacio Pesqueira who both have extensive real estate experience; and has recourse to the competition, finance, environmental and other departments as required. Other clients include Alignmex Real Estate Capital, Fibra HD, Grupo Sordo Madaleno, Acosta Verde, Macquarie, Artha Capital, Banamex and BK Partners.

Leading lawyers

Alejandro Trujillo - Galicia Abogados SC

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TMT
TMT - ranked: tier 4

Galicia Abogados SC

Galicia Abogados SC is ‘fast gaining visibility in the sector’ and enters the ranking as key corporate and telecoms advisor to major player AT&T, which consolidated its position in Mexico with the 2015 acquisitions of Iusacell and Nextel México. More recent headline mandates saw practice head Carlos Chávez lead advice to AT&T on its swapping of 10MHz of spectrum holdings with Telefónica and associated – and novel – frequency leaseback arrangement; this was followed by reciprocal national roaming agreements between the two parties. The team obviously draws on the corporate, finance, administrative and particularly competition practices at the firm as required; but on regulatory matters, in addition to Chávez, has recourse to senior associate Gerardo Rodríguez A. The team’s sector expertise, particularly in relation to telecom infrastructure matters, was further enhanced with the arrival of associate Maite Celorio from Acedo, Santamarina, S.C. However, Alejandro Perera left for Mijares, Angoitia, Cortés y Fuentes S.C.. Other clients include Grupo México and Hispasat.

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Tax
Tax - ranked: tier 5

Galicia Abogados SC

The mid-2016 arrival of former “OSE”-partner, Gabriela Pellón and her ‘very good’ team at Galicia Abogados SC was a pivotal moment in the recent move by corporate law firms to develop significant tax capability, all but ensuring the phenomena would continue and broaden. The ‘very experienced and respected’ Pellón arrived with four other lawyers, including former OSE-junior partner, Denise Lester, and has since hired a further two lawyers; while the department certainly remains ‘a work in progress’, it is regarded as having ‘a solid foundation in place’. Pellón has a broad practice but is best known for her contentious tax work, hence the importance of the arrival of Arturo Pérez Robles as a counsel (although he also retains his own private practice). Pérez Robles has over 25 years’ in the sector and is ‘simply brilliant on planning and consultancy work’. Recent mandates include advising a client in the retail sector on the tax structure for a major real estate acquisition; advising a multinational conglomerate on relations with Mexico’s Tax Administration Service, and handling its audits; and tax efficient structures and tax-benefit maximization in the renewables sector. Certainly initial client responses to the practice have been favourable: ‘the level of service is excellent: response times are very good and opinions are very thorough and well-researched’, demonstrating ‘knowledge not only of tax law but of corporate and administrative aspects as well’; or again, ‘a first class team, it’s ‘really sophisticated and capable of dealing with complex matters’. Pellón not only ‘understands clients’ needs and how to organize the team for their benefit’, but also has ‘a deep understanding of business practices as applied to her area, therefore her advice is not only legally sound but also makes business sense’. Senior associate Lester and associate Gabryela Valencia are also noted. Other matters include VAT refunds, PRODECON procedures, audit processes, the litigation of tax assessments, “amparos”, and general tax advisory.

Leading lawyers

Arturo Pérez Robles - Galicia Abogados SC

Gabriela Pellón - Galicia Abogados SC

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Mexico

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