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Bello, Gallardo, Bonequi y García, S.C.

Work +52 55 5292 5232
Fax +52 55 5292 5233
Madrid, Mexico City, Santiago de Queretaro


Banking and finance
Banking and finance - ranked: tier 4

Bello, Gallardo, Bonequi y García, S.C.

Bello, Gallardo, Bonequi y García, S.C. has ‘consolidated its position as a relevant firm for compliance matters in the banking and finance’ sector, according to clients who appreciate ‘good fee flexibility’, response times that are ‘certainly above average’ and service quality that is ‘simply excellent’. Indeed, the team is increasingly becoming a key point of reference in the market when it comes to regulatory, compliance, anti-money laundering and data-protection matters in particular, especially in the banking and finance, insurance and telecom sectors. The 18-strong team is led by ‘banking area expert’ Miguel Gallardo, who is praised for his ‘availability and responsiveness’ and ‘detail-oriented, high quality work’. Recent headline mandates saw Gallardo lead advice to Banco Santander (which the team assists with banking contracts on an ongoing basis), with a co-branded credit card programme agreement with a leading Mexican airline. Other recent matters include an AML review for UBS; compliance services to more than 15 non-banking financial institutions (“SOFOMs”); operational authorizations on behalf of US security broker TrueEX; and a range of other legal and compliance services to Credit Suisse, Braskem-Idesa, Morgan Stanley, Bank of Tokyo-Mitsubishi, Banco Actinver, Banco Multiva, Banamex-Citibank, Banorte and Deutsche Bank, where the firm currently has seven lawyers on secondment including the heads of both legal and compliance. Practice capacity has expanded since the 2016 arrival of Juan Carlos Tejado (from PI-fund REALES), as a second partner in the team; which also counts on a ‘very solid and capable’ second line including senior associates Marco López, who has a strong regulatory aspect to his practice; Patricia Hernandez and David Durán (banking & finance) and Javier Pérez (financing & insurance). Senior counsel Adolfo Hegewisch is currently on secondment to Deutsche Bank as legal director. Junior associate Yoselin Fragoso left to become a compliance counsel at Banco Santander.

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Energy and natural resources
Energy and natural resources - ranked: tier 5

Bello, Gallardo, Bonequi y García, S.C.

Noé Pascacio Montijo heads the three-partner team at Bello, Gallardo, Bonequi y García, S.C., which has a strong standing in the oil and gas market, acting for production, exploration and service companies including Renaissance Oil, Sandvik Mexico and Jaguar Exploración y Producción de Hidrocarburos. The group is also attracting an increasing amount of work in the electricity market.

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Insurance - ranked: tier 4

Bello, Gallardo, Bonequi y García, S.C.

With offices in Madrid as well as Mexico City, Bello, Gallardo, Bonequi y García, S.C. has successfully leveraged its financial-regulatory and data-privacy expertise to develop a growing practice in the sector, Bello, Gallardo, Bonequi y García, S.C. has. The ‘effective’ six-strong team is led by name-partner and practice head Miguel Gallardo; recently appointed an independent board member of Sura Seguros, he is also a National Insurance and Securities Commission (CNSF)-appointed ‘Dictaminador Jurídico de Seguros’. Recent matters include advising Aon, on all insurance and reinsurance regulatory requirements, contract drafting and limited liability clause implementation; as well as the negotiation of a brokers letter of undertaking with Deutsche Bank Trust Company, Banco Davivienda, Energía Cinco Estrellas (Honduras) and Gauss Energía México. Federico de Palacio splits his time between insurance and corporate matters and further support comes from senior associates Javier Pérez Moreno, Patricia Hernández León and recent incorporation Eugenia Cabrera. Other matters include acting as counsel to Seguros Sura on the drafting of insurance products and compliance matters; and Actinver on regulatory, compliance, contractual and corporate matters. Clients include INTERprotección, AIG and Banorte.

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TMT - ranked: tier 1

Bello, Gallardo, Bonequi y García, S.C.

The ‘indubitably top-tier in the TMT sector’, Bello, Gallardo, Bonequi y García, S.C.has an in-depth knowledge of the regional market’ and is ‘a reliable advisor for telecom companies that choose Mexico as the entrance gate to Latin America’. The practice is ‘what you expect from a top-class boutique’, with ‘deep knowledge and service tailored to clients’ requirements’ and it also has ‘useful professional connections with government officers’ that ‘add value’. ‘Trusted telecoms advisor’ and practice head Carlos Bello has ‘vast experience in the area’ and ‘intimate knowledge of the regulatory environment’; he leads a 13-strong team that handles all aspects of TMT work, bolstered by solid capability in regulatory issues and associated areas such as data protection and privacy. The group’s recent caseload includes advising Tele Fácil on regulatory and litigious matters related to an interconnection dispute with Telmex (the case has evolved into a NAFTA arbitration); ACN, Plintron and Lycamobile with various aspects of their respective entries into the mobile virtual network operator (MVNO) market in Mexico, including investment and licensing issues before the IFT; and global communications provider Level 3 regarding all its legal and regulatory matters in Mexico. On the data protection-side, the team advised a major restaurant group on all its data collection, control and privacy compliance obligations; while in the satellite subsector it has been advising Hughes and Echostar on licenses and landing rights in several countries across Latin America, as well as on telecommunication licensing matters; and MX Space on regulatory matters before the Mexican authorities and ITU so as to obtain the rights for a satellite orbit. Made partner in July 2016, the ‘ever reliable’ Rolando Guevara has ‘an in-depth knowledge of satellite regulation’ and is highly specialised in all aspects of telecom and technology law, from regulatory compliance to contract implementation. Partners Federico De Palacio (telecoms and corporate matters) and Madrid-based Hector Guzman (data protection & privacy) are also active in the sector, and a ‘highly experienced and specialised’ second line includes senior associates Carlos Díaz and Jorge Luis Hernandez, who both focus on TMT and data protection & privacy, and Gustavo Miranda who arrived from the Mexican Data Protection Authority (INAH) in July 2016. New clients include CISCO, Kymeta, Bosch, MVNO’s Telemondo and Mobilebandits, Globalstar de Mexico, T-Systems and Aquto.

Leading lawyers

Carlos Bello - Bello, Gallardo, Bonequi y García, S.C.

Next generation lawyers

Rolando Guevara - Bello, Gallardo, Bonequi y García, S.C.

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Offices in Mexico City and Santiago de Queretaro

Legal Developments in Mexico

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