The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Nader, Hayaux y Goebel, SC

TORRE ARCOS, PASSEO DE LOS TAMARINDOS 400 B, 7th FLOOR COL. BOSQUES DE LAS LOMAS, MEXICO, D.F. 05120, MEXICO
Tel:
Work +52 55 4170 3000
Email:
Web:
www.nhg.com.mx
London, Mexico City

Mexico

Banking and finance
Banking and finance - ranked: tier 1

Nader, Hayaux y Goebel, SC

Focused purely on sophisticated and complex work in the mid-and-upper market segments, Nader, Hayaux y Goebel, SC is ‘hugely impressive’ and ‘a fine-tuned machine when it comes to finance work’. The core of the 30-strong practice group has been working together for over 25 years and its responsive lawyers ‘know their business and keep clients in the loop’, resulting in the ‘timely delivery of work of the highest quality’; many clients ‘would go nowhere else’. The practice covers the full array of banking work from credit contracts and structured finance to leasing, project finance and banking regulatory matters; indeed, the team has particular expertise in cases against the banking authorities where it has not lost a case to date. Practice head and senior partner Michell Nader S is ‘in a class of his own’; in conjunction with regulatory specialist Julián Garza C and Adrián López G (who made partner in 2016), he led advice to BBVA Bancomer (as administrative agent to a syndicate comprising Sabadell, Santander and BBVA Bancomer), on a $133.86m secured-term financing and a MXN$130m secured revolving facility related to a complex real estate project involving a multi-layered trust structure. Project and asset-backed finance specialist Javier Arreola E advised MetLife México on a MXN$2.3bn loan to CIM Group to finance the acquisition of a portfolio of multifamily properties; and in conjunction with projects and PPP specialist Vanessa Franyutti J, assisted Banco Multiva with a MXN$685m credit line to Construlita, the concessionaire for the renewal of street lighting in Torreon. With a practice that ranges from capital markets to banking regulation, Hans P Goebel C led advice to Inter-American Investment Corporation (IIC) on a series of loans including MXN$60m to KUA Group, MXN$52m to Residencial Atlas and MXN60m to CAMESA; and in conjunction with Garza, counselled Prudential (and other insurance companies) on a $250m financing to FIBRA Macquarie Mexico and a $175m financing to Controladora Mabe. Acting as Mexican co-counsel with Linklaters LLP, London-based insurance partner Yves Hayaux-du-Tilly advised UniCredit with regard to the legal due diligence of Gestión Santander (the Mexican subsidiary of Santander Asset Management), part of the merger of the asset management units of Santander and UniCredit; and in conjunction with Luciano Pérez G, assisted ABN Amro, as agent and lender, on the restructuring of an €155m multicurrency term loan and revolving credit facilities to Deep Ocean Group, involving the amendment and ratification of the collateral and Mexican security package. Other relevant figures include real estate and project finance specialists Alejandro Rojas V and Eduardo Villanueva O (who also has expertise in restructurings); and securitization specialists Gunter A Schwandt and Héctor Arangua L. Clients include Barclays, BNP Paribas, Royal Bank of Scotland, HSBC, Banamex, CI Banco and Rabobank. Senior associates Gustavo Díaz B, Mónica Ramos C and Jose H Rocha S are also noted.

Leading lawyers

Hans Goebel - Nader, Hayaux y Goebel, SC

Julián Garza C - Nader, Hayaux y Goebel, SC

Michell Nader S - Nader, Hayaux y Goebel, SC

Next generation lawyers

Adrián López G - Nader, Hayaux y Goebel, SC

Mónica Ramos C - Nader, Hayaux y Goebel, SC

[back to top]

Bankruptcy and restructuring
Bankruptcy and restructuring - ranked: tier 2

Nader, Hayaux y Goebel, SC

Drawing on its expertise as ‘one of Mexico’s leading finance sector legal-service providers’, Nader, Hayaux y Goebel, SC has extensive involvement in the bankruptcy sector, particularly in relation to restructurings, workouts and non-litigious insolvency matters. The team acts almost exclusively for creditors, be they banks (such as Barclays Bank, Rabobank and Danske Bank), bondholders, creditors’ committees, and investment or hedge funds. Headline work saw practice co-heads Javier Arreola and Michell Nader S advising the largest group of creditors in the long-running $1.7bn Altos Hornos de México (AHMSA) case. The ‘savvy and effective’ Nader teamed up with Julián Garza to advise PREI – now PGIM Real Estate – on the restructuring of various of its real estate holdings, including its $700m portfolio developed in conjunction with URBI Desarollos, the $250m portfolio developed with GEO, and the $3.7m portfolio established with ViveICA. In a complex, cross-border and industry-specific case, insurance partner Yves Hayaux-du-Tilly advised Tokio Marine Gobal RE in the negotiations and final settlement reached with the Insurance Superintendence of the Dominican Republic, and acting as liquidator regarding the debts of Segna (formerly: National Insurance Company), to TMG-RE. Promoted to partner in early 2016, Adrián López has been active with clients including Portigon and Bank of America; and senior associate Lucia G Laganá (who has ‘growing expertise’) was extensively involved in the AHMSA and PREI cases. Other matters include advising Chrysler Financial Servicios Corporativos and its shareholders on the conclusion of its liquidation process, and additional clients include Argentem Creek Partners (fmly: Black River Asset Management), Fondo Nacional de Infraestructura (FONADIN), D E Shaw and LandAmerica Financial Group.

Leading lawyers

Javier Arreola - Nader, Hayaux y Goebel, SC

Michell Nader S - Nader, Hayaux y Goebel, SC

[back to top]

Capital markets
Capital markets - ranked: tier 1

Nader, Hayaux y Goebel, SC

Nader, Hayaux y Goebel, SC has ‘cemented its place at the top table’ for capital markets matters and provides ‘unfailing quality in complex matters – even under tight time-frames’. The 13-strong team (with five partners) functions ‘like a well-oiled machine’ and has experience throughout the sector, from CKDs and the newer CERPIs to FIBRAs, securitisation and other CM transactions designed to fund projects. Senior partner and ‘great strategic thinker’ Michell Nader S advised Grupo Elektra on its MXN$5bn, and subsequent MXN$500m unsecured long-term notes offers; and in the Fibra sub-sector, assisted Fibra Danhos on establishing its MXN$8bn unsecured notes programme and two subsequent issuances therein, with a total value of MXN$4bn. Nader teamed up with Julián Garza C to advise brokerage Punto, as lead underwriter, on the MXN$2.89bn offering of CBFIs by a Mexican real estate investment trust. Garza and Hans Goebel C advised Prudential Insurance et al on the $250m acquisition of notes issued by Fibra Macquarie Mexico in an unsecured private placement; and also advised HSBC Mexico on the substitution of Banco Invex as common representative of its bondholders (and other restatements) and relevant authorisations before the CNBV, one of the first procedures of its kind under new regulations. Goebel paired-up with Héctor Arangua L to advise Desarrollos Delta Cobre de Mayo on the structuring and placement of MXN$4bn’ worth of CKDs. Arangua, in turn, led on a first-of-its-kind deal, advising brokerage Barclays Capital, as placement agent, on the MXN$800m offering of structured investment project notes (CERPIs), as part of a MXN$4bn target for the first CERPI fund. Other work saw Gunter A Schwandt G advised BBVA Bancomer, as lead underwriter on the (target) issuance of MXN$3bn development securities (CKDs) by The Abraaj Group, and the team also handled a debt restructuring undertaken via the launch of a notes exchange offer. The practice group also has a ‘solid’ and ‘technically adept’ second line of senior associates including, Ana Paula Telleria R, Laura D Martínez S and Diego Sánchez V, as well as the ‘increasingly prominent’ and ‘sharp’ Mónica Ramos C. Clients include Banamex-Accival, Citibank, Axis, Navix, Bank of America, Barclays, Bancomer, Banco Santander, Banorte-Ixe and Deutsche Bank Securities.

Leading lawyers

Michell Nader S - Nader, Hayaux y Goebel, SC

[back to top]

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

Nader, Hayaux y Goebel, SC

Largely focused on high-end transactional matters, Nader, Hayaux y Goebel, SC has a very strong reputation for advising on major M&A deals and private equity buyouts. It fields an impressive selection of transactional lawyers, including Michell Nader S, Hans Goebel, Eduardo Villanueva (‘a great professional’), the ‘very professional and knowledgeable’ Luciano Pérez Gómez, and Yves Hayaux-du-Tilly, who divides his time between Mexico City and London; the firm is unique among domestic firms in having a London office. The firm advised Pemex in relation to its $1.14bn stake in its joint venture with IEnova in Gasoductos de Chihuaha, and acted for Axis Asset Management II on its $80m co-investment in Navigatis Radiance. Other key partners include Julián Garza and José Sifuentes.

Leading lawyers

Michell Nader S - Nader, Hayaux y Goebel, SC

Next generation lawyers

José Sifuentes - Nader, Hayaux y Goebel, SC

[back to top]

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

Nader, Hayaux y Goebel, SC

Founding partner Michell Nader S leads an increasingly active team at Nader, Hayaux y Goebel, SC. Given the firm’s transactional background, the practice is particularly strong in energy-related corporate deals, but also has the requisite regulatory expertise through highly experienced partners such as José Sifuentes. Recent highlights include advising Cobre del Mayo on a $223m bond issue related to its activity in the mining sector. On the oil and gas side, the firm advised PTT Exploration and Production on its participation in the ‘Round 1’ bidding process. Héctor Arangua is also recommended, for his capital markets and corporate expertise.

[back to top]

Insurance
Insurance - ranked: tier 1

Nader, Hayaux y Goebel, SC

Displaying ‘superlative industry knowledge’ according to clients (who ‘would not hesitate to recommend this firm’), Nader, Hayaux y Goebel, SC is ‘simply outstanding for insurance matters’, in which sector it fields a profoundly experienced, 14-strong team divided between offices in Mexico City and London. Recent domestic matters include advising Pan-American Life Insurance Company on the expansion of its operating license to include life insurance; Cardif México on all regulatory aspects of its operations, including the implementation of Solvency II; Assurant on regulatory matters related to the implementation of the new Insurance and Bonding Companies Law, and Grupo Nacional Provincial on the negotiation and execution of a strategic partnership with Sompo Canopius. On the international front, the ongoing development of the team’s activity at a regional level saw it advising Tokio Marine Global RE on negotiations and a final settlement with the Insurance Superintendence of the Dominican Republic in a matter relating to the intervened company Segna. ‘Probably the best known figure in Mexican insurance matters today’, London-based practice head Yves Hayaux-du-Tilly ‘is not only always available but he always listens so as to truly understand the needs of his clients’; ‘hugely experienced’ his practice covers everything from regulatory matters and dispute resolution to product development and corporate transactional work. His recent headline work includes acting as an expert on international reinsurance in an international arbitration in Bolivia. Mexico City-based partner Luciano Pérez Gómez is a favourite with clients and works across the full range of non-contentious insurance matters, particularly corporate and regulatory matters; he also undertakes claims management, negotiated settlements and policy analysis. A strong second tier is led by senior associate Miguel A de la Fuente who focuses on product development, regulatory matters and contentious issues including claims management, settlement negotiations, policy analysis and coverage options. Moreover, the return of seniors Andre Rivas and Raúl Jasso (from an international LLM and the New York offices of Clifford Chance respectively), is a further boost to practice capacity. Additional support comes from partners Michell Nader S (on complex transactional matters in the sector), and Julián Garza (transactional matters and regulatory advice). Clients include AXA Seguros, MetLife, KOT, Zurich, Pan-American Life Insurance Company, Cardif, Asurion, The Travelers Companies and BUPA Mexico.

Leading lawyers

Yves Hayaux-du-Tilly - Nader, Hayaux y Goebel, SC

[back to top]

Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Nader, Hayaux y Goebel, SC

Nader, Hayaux y Goebel, SC has an excellent reputation for project finance and PPP matters, regularly representing public and private sector clients on the country’s largest infrastructure projects. The firm fields a selection of highly experienced partners, including name partner Michell Nader S, who was involved in the development of the Mexican PPP model. Other key individuals are Vanessa Franyutti, who has recently been very active in major toll road projects; Javier Arreola, who has a strong track record in water projects; and Alejandro Rojas, who is experienced on the healthcare side. Recent highlights include advising the state of Chihuahua, the Ministry of Communications and Transportation, and the National Infrastructure Fund, on the establishment of a state public trust for the operation and maintenance of four international bridges in Juárez.

Leading lawyers

Michell Nader S - Nader, Hayaux y Goebel, SC

Vanessa Franyutti - Nader, Hayaux y Goebel, SC

Next generation lawyers

Santiago Medina - Nader, Hayaux y Goebel, SC

[back to top]

Real estate
Real estate - ranked: tier 1

Nader, Hayaux y Goebel, SC

Peers acknowledge the ‘deep experience and expertise’ of Nader, Hayaux y Goebel, SC’s real estate team, the core of which has been working together for over 20 years. The practice group handles the full range of real estate services’ across the retail, residential, hospitality and industrial subsectors, and has particular expertise across the transactional and finance aspects of the market. Despite a general downturn in Fibra activity, the team’s recent work has been dominated by Vanessa Franyutii and Alejandro Rojas V’ ongoing representation of FibraHotel (the first Mexican REIT focused on the business hotel sub-sector), in an extensive series of both property (for hotel development) and hotel acquisitions – with an aggregate value of over $100m. Specific cases include the ‘sharp, business-oriented’ Franyutti’s advice on the MXN$185m long-term lease of a property from Grupo Gicsa (a transaction rendered complex by the fact that Gicsa is the concessionaire of the mall where the property is located, not its owner, necessitating an original legal structure); and the ‘sophisticated’ Rojas’ counsel on the MXN$335m acquisition of a property for the development of two hotels in the Via 515 mixed-use project in Mexico City. Other work saw senior partner Michell Nader S advise BBVA Bancomer, as administrative agent of a syndicate comprising BBVA Bancomer, Santander and Sabdell, on a dual-tranche, dual currency real estate development financing with an aggregate value of $142m. Eduardo Villanueva O advised SabCapital on the financing of a land acquisition for the acquisition of industrial facilities; and Hans P Goebel, Javier Arreola E and Adrián López G have also been active in finance-side work. Other matters include: real estate project structuring, property acquisition in Mexico City, and advising a hotel group on leasing matters, corporate restructuring issues and regulatory work. Key associates include Lucia Laganá and Maria Hugues. Clients include GE Real Estate México, Grupo GDI, Metlife, MSD Capital, Inmobiliaria Helmer, Verde Realty, Vertex and Aerovías de México.

Leading lawyers

Michell Nader S - Nader, Hayaux y Goebel, SC

[back to top]

TMT
TMT - ranked: tier 3

Nader, Hayaux y Goebel, SC

Primarily handling sophisticated corporate and finance mandates in the sector (where it has a significant track record), Nader, Hayaux y Goebel, SC’s eight-strong telecoms practice also has considerable regulatory capability, such as obtaining authorisations from IFETEL, an issue upon which it recently advised major clients Telefónica and Liberty Global. The practice is co-led by Julián Garza C, who frequently works with both Telefónica Movistar México and Satélites Mexicanos (Eutelsat); and senior partner Michell Nader S who represents Grupo Salinas on much of its activity in the sector. Recent mandates saw Garza lead advice to Eutelsat on corporate, regulatory and transactional matters relating to its corporate reorganisation, as well as on data privacy and licensing matters. Other current matters include advising on the implementation of mobile financial services, the assignment of telecom concessions, and transactional matters (and related competition issues). Gunter Schwandt is also active on corporate and finance matters in the sector; and intermediate associate Gustavo Diaz has considerable expertise in regulatory telecom matters, as well as corporate-finance experience in both the mobile telephony and satellite sectors. Other clients include TV Azteca, Softlayer Technologies and Inter-American Investment Corporation.

Leading lawyers

Julián Garza - Nader, Hayaux y Goebel, SC

[back to top]

Tax
Tax - ranked: tier 5

Nader, Hayaux y Goebel, SC

With ‘a price/quality relation that is one of the best you’ll find’, Nader, Hayaux y Goebel, SC is ‘a great firm on which to rely for novel operations and innovative structures’. The firm established its practice back in 2015 with the hire of Chevez-trained Adalberto Valadez, whom clients laud for his ‘profound knowledge of tax matters’, ‘ability to find simple solutions’ and ‘great disposition and availability as needed’. While the mid-term goal is full stand-alone capability, the practice is currently primarily focused on advisory and planning matters (it does not undertake litigation or transfer pricing) in relation to corporate transactional and financial matters, particularly the origination of unique trust structures in relation to instruments such as CKDs, ETFs and CerPIs, so as to facilitate investment. The firm has also hired a number of tax-specialised associates (notably, Paola Plaza) and a tax-dedicated accountant, Mónica Pérez, adding further capacity to the practice. Clients speak of ‘a very positive group’, that demonstrates ‘great willingness and creativity when it comes to resolving the tax issues put before them’. Recent mandates include acting as tax counsel to both DILA Capital and Banyan Tree on the tax efficient structuring of their respective private equity funds (these will subsequently be incorporated as trusts capable of accepting investment from regulated entities such as insurance companies or State-sponsored funds such as INADEM); Desarrollos Delta on the structuring and placement of MXN$800m of CKDs; EMX Capital on the most suitable structure for its acquisition of Consorcio Industrial Valsa; and Barclays Capital Casa de Bolsa on MIRA’s CerPI issuance, so as to ensure optimum tax treatment in a transactions involving an instrument that does not have an established tax regime under Mexican law. Practice clients include Artha Capital, BlackRock and General Electric.

[back to top]


Further information on Nader, Hayaux y Goebel, SC

Please choose from this list to view details of what we say about Nader, Hayaux y Goebel, SC in other jurisdictions.

Foreign firms

Mexico

Offices in Mexico City

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