Garrigues > Mexico City, Mexico > Firm Profile


Mexico > Banking and finance Tier 3

The international Spanish firm Garrigues continues to consolidate its position in the Mexican banking and finance sector with a skilled practice that is primarily centred on project and structured financing, commercial bank lending and regulatory matters, as well as ongoing operational advice to banks and multilaterals with their activities in Mexico. Mario Juárez, whose expertise takes in secured and unsecured loans, project finance and infrastructure projects, M&A and equity investments, heads the 15-strong group, which was reinforced in August 2021 with the arrival of counsel Leopoldo Fragoso from Ritch, Mueller y Nicolau, S.C. Partner Gabriela Pérez Sierra, who specialises in energy and infrastructure finance; and senior associate Carlos Eduardo Gómez, are additional key contacts of the team. However, principal associate Daniel González left the practice in June 2021.

Practice head(s):

Key clients

International Finance Corporation

Blue like an Orange Sustainable Capital Fund

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH

UniCredit Bank AG

Mezzanine Mexico Uno

Servicios Compresión de Gas CA-KU-A1 (affiliate of Grupo ACS).

Beel Infra

Goldman Sachs International Bank, Skandinaviska Enskilda Banken

Inter-American Investment Corporation

IKB Deutsche Industribank

Industrializadora Integral Del Agave

Corporación Andina de Fomento

Santander (Hong Kong branch)

MNJ Capital

El Fuerte Group

Avenger Flight Group

Jason Group


Banco Nacional de Obras y Servicios Públicos

Work highlights

  • Advised Goldman Sachs, as part of a syndicate of banks also consisting of Skandinaviska Enskilda Banken, HSBC Bank and ING Belgium, on granting financing to Oriflame Investment Holding and other subsidiaries of the Oriflame group.
  • Assisted Grupo Antolin with the issuance of a seven-year senior secured bond for €390m; the transaction was led and executed by Deutsche Bank.
  • Assisted The iidea Company on the issue of guaranteed senior notes (due 2029), for a total principal aggregate amount of $60m, which were issued under the US Securities Act and guaranteed by Mexican and US subsidiaries of the client.

Mexico > Environment Tier 3

Garrigues is well regarded for its ‘great experience and expertise on environmental issues’, and focuses on the management of potential environmental liabilities and irregularities for projects in the energy sector, social impact evaluations, project development, environmental permits, licenses, notices, and authorisations. The practice is led by partner Roberto Torres Velasco who specialises in environmental, regulatory and public law, and has extensive experience in licensing and environmental due diligence for energy, real estate, infrastructure, industrial and tourism projects; he is ‘excellent at his job, has full command of his field of action and has collaborated impeccably’, note clients.

Practice head(s):

Roberto Torres Velasco


‘Attention to matters is very efficient, punctual and practical answers to very complex matters. The team has excellent preparation, and treatment.

‘Roberto Torres (partner) has a great knowledge of the matter, and the solutions he provides are business-oriented, in addition to providing very efficient personalized attention.

‘The team has great experience and expertise on environmental issues, you can say that I have full confidence in their work. They are totally competitive versus other firms, I can also argue that their client service is incredible and they are very flexible in meeting our requirements. I like the platform they use for us to share information, it is an innovative system that allows information to be obtained with some immediacy, as well as being secure.

‘I have personally had dealt with Roberto Torres, who is excellent at his job, has full command of his field of action and has collaborated  impeccably.

‘I have been fortunate to have worked in the past with Roberto Torres and more recently to share a classroom, teaching environmental law. He seems to me to be a very complete lawyer who is knowledgeable about environmental issues, as well as being very professional and kind in his treatment. I believe that it stands out compared to other of our peers who work in competing firms.

Key clients

Veolia México


Fuerte Group Hotels

Talesun Solar Switzerland

CRM Synergies Mexico

Work highlights

  • Advised Fuerte Group on environmental issues related to the more-than-five-years development of a 470-room luxury hotel in Cancun.
  • Advised Talesun Solar Switzerland on environmental assessment matters related to its 300MW photovoltaic power generation project; specifically, with the reformulation and rescheduling of environmental permits, licenses, notices, and authorisations.
  • Advised CRM Synergies regarding the reallocation of its current industrial facility to a new location, undertaking the environmental review and analysing the regulatory feasibility of each of the intended new sites.

Mexico > Projects and infrastructure Tier 3

Spanish powerhouse Garrigues continues to make its presence felt in the Mexican market, not least in the projects and infrastructure sector, where has established a healthy track record advising on financing, public tenders and construction contracts, primairly for relevant industry players in the energy, transportation, tourism and healthcare sectors. The 10-strong practice is co-led by David Jiménez Romero whose practice centres on project government procurement, public works, concessions, public- private partnerships, and project development; and Roberto Torres, a regulatory law expert with a significant experience in renewable resources and clean energy generation projects, along with environmental law. Key support comes from experienced senior associate Gabriela Cosio Patino; active on projects matters in relation to the energy, healthcare and tourism sectors, in September 2022 she was appointed to the ICC’s Global Arbitration Commission for a period of two years. Recent matters include acting as local Mexican counsel to Servicios Integrales de Almacenamiento y Distribución, on a $25m loan for the operation and maintenance of a fuel storage terminal located in Altacomulco, Mexico.

Practice head(s):

David Jiménez Romero; Roberto Torres

Mexico > Tax Tier 3

Manual Llaca helms the Mexican tax practice at Garrigues, bringing to bear his more than 25 years' experience in tax litigation and consolidated expertise in transfer pricing and federal tax disputes. As an active branch of the full-service Spanish firm, the department is well-versed in cross-border transactions, drawing from the firm's global network of offices. Noted practitioners include principal associates Francisco Barajas and Ricardo Fernández De Arellano, who focus on consultancy and controversy work, and international tax respectively; and senior associate Diego López, who advises foreign companies expanding into Mexico, tax planning for corporate restructurings, and M&A. The practice has recently expanded its services to include adapting corporate and tax structures to the new labour code; moreover, it was further reinforced with the arrival of senior associate Iñigo García from the head office in Madrid in September 2021.

Practice head(s):

Manuel Llaca

Key clients

Sacyr México

Aqualia Desalación Guaymas

Ocesa Entretenimiento

Elecnor México




Rubau México

UniCredit Bank



BMW de México


Universidad Internacional de la Rioja

Aceros Camesa

Work highlights

  • Assisting FCC Aqualia’s Mexican subsidiary (Aqualia Desalación Guaymas) on obtaining a MX$80m refund of all the VAT paid throughout the preoperative period of a desalination plant that the client is building in the State of Sonora.
  • Assisting Sacyr Mexico adapt its corporate and tax structure as a result of reforms to the labour legislation in force from September 2021.
  • Representing Baxter in a case before the Federal Circuit Court against the limitation of the universal offset (i.e., the paying of taxes with other taxes).

Mexico > Corporate and M&A Tier 4

The local Mexican office of Spanish full-service giant, Garrigues, fields a corporate and M&A practice that continues to strengthen its participation in the market, and which particularly excels in cross-border transactions. A case in point was the group’s recent assistance to  Alsea’s on its $128m investment in its European subsidiary alongside Bain Capital. Gerardo Lemus, who has a solid track record handling M&A as well as other corporate matters, such as (corporate) governance, commercial contracts, cross-border financings and real estate work, along with merger-control filings and notifications. Closely supporting him are Gabriela Pérez Sierra, who has had a focus on energy project and fintech transactions recently; and counsel Miguel Ángel Rocha. The department’s industry expertise also encompasses financial services, infrastructure, technology, retail, and telecommunications.

Practice head(s):

Gerardo Lemus; Gabriela Pérez


The team is extremely available and approachable. They have been true partners in the transactions we have been working on.’

Gerardo Lemus has truly stood out and shown great support on a very complex transaction. He is business-oriented and it’s been a great experience to work out with him.’

The team was fantastic. In-house lawyers need to feel that the team has the necessary skills for the support requested. Compared to other offices I consider it a good team.’

Key clients





Vulcan Capital

Aggity Europe

Howden Broking Group

American Tower Corporation

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

Work highlights

  • Advised ebm-papst, a leading manufacturer of fans and motors, on the sale of Ikor to Belgium-based Connect Group.
  • Advised Deutsche Investitions- und Entwicklungsgesellschaft (DEG) on the $50m sale of its participation in Mexico’s Banco Finterra to fintech company, Credijusto.
  • Advised Alsea regarding a €110.8m ($128m) investment in Alsea Europe that will increase its stake in the company and also introduces Bain Capital as a shareholder.

Mexico > Energy and natural resources Tier 4

Able to draw on the firm's regional strength, Garrigues' multidisciplinary approach enables the team to provide comprehensive -particularly transactional- advice to sponsor, energy operator and/or finance provider client across the electricity, gas, oil, mining and renewable energy sectors, among others. David Jiménez Romero advises private and public clients on infrastructure projects, including power, hydrocarbons, transportation, water, social infrastructure and public private partnerships. Roberto Torres Velasco, who is in charge of the regulatory and environmental practice, has experience in regulatory law, regulatory and environmental due diligence and infrastructure, and advises clients on the implementation of renewable resources exploitation and clean energy generation projects; environmental permits, licenses and concessions; federal and local environmental regulatory matters; and the management of normalization issues.

Practice head(s):

David Jiménez Romero; Roberto Torres

Garrigues Mexico offers expert advice through its top-tier team of lawyers, providing support to both local and international clients on entering and developing their business activities in the Mexican market. Since the opening of the Mexico office in July 2014, Garrigues has positioned itself as one of the leading firms in Mexico, having advised on some of the highest level projects and matters, and acting as legal counsel to top-tier international and domestic clients who are industry leaders in Latin America. Garrigues’ team in Mexico now comprises 25 fee-earners, out of which there are seven partners, all highly respected in the local legal market and with extensive expertise in their respective specialized areas.

The firm has more than 140 fee-earners in the Latin America region, distributed among its five offices: Mexico City, Bogota, Lima, Santiago de Chile and Sao Paulo. Garrigues has the largest network of own offices in the Latin America region among the major European law firms. It also has its own offices in the principal cities of Spain, Lisbon and Porto (Portugal), London (United Kingdom), New York (United States), Beijing and Shanghai (China) as well as Brussels (Belgium), Warsaw (Poland) and Casablanca (Morocco).

Senior contacts
Gerardo Lemus – corporate M&A partner ( Gerardo is currently a partner in the corporate M&A department. He specializes in M&A, international financing transactions and real estate law. He also has experience in economic competition matters. In recent years, Gerardo has developed niche expertise in telecoms towers, from financing to marketing and operation. Before joining Garrigues, Gerardo was a corporate M&A partner at Kuri Brena Sanchez Ugarte y Aznar, S.C., in Mexico.

David Jiminez – energy and infrastructure partner ( David has represented several project developers, sponsors, lenders and private equity funds in energy and infrastructure project development and financing, as well as in acquisitions and dispositions of projects. He has broad experience in the structure and development of projects in the electricity industry as well as in the downstream and midstream industries. David was a partner at Chadbourne & Parke, S.C. in the energy and infrastructure practice area before joining Garrigues Mexico.

Mario Juarez – banking and finance partner ( Mario has experience in international banking and financing transactions, including secured and unsecured loans, project finance and infrastructure projects, M&A and equity investments. Before joining Garrigues he was a partner at Ritch, Mueller, Heather y Nicolau, S.C., and between 2006 and 2009 was in-house counsel in the International Finance Corporation (World Bank).

Santiago Chacon – tax partner ( Santiago’s expertise covers advising foreign investors on how to set up a business in Mexico, mergers and acquisitions of business in Mexico with sell/buy side due diligence and structuring. He has broad experience providing advice to companies on tax compliance and planning in Mexico, structuring of infrastructure projects, with special expertise in energy generation projects, financial structuring and complex corporate restructurings. He also has ample experience in dispute prevention and resolution before the Mexican tax authorities, mainly for foreign international companies investing in Mexico and Mexican companies expanding abroad, from a variety of sectors: energy, oil and gas, consumer products, retail, transportation and mining, among others.

Gabriela Perez – banking and finance, corporate and M&A partner ( Gabriela graduated as a lawyer from Escuela Libre de Derecho (Mexico City 2003) and holds a Masters in Law from Duke University School of Law (North Carolina, 2012). She has over 11 years’ experience in advising national and foreign clients on a range of matters both in Mexico and abroad, specializing in financing transactions and in mergers and acquisitions of Mexican companies or foreign companies with subsidaries in Mexico. Before joining Garrigues Mexico, she worked at Ritch, Mueller, Heather y Nicolau, S.C. (Mexico City) for several years and was an international associate at the New York office of international firm Cleary Gottleib Steen & Hamilton LLP between 2012 and 2013.

Corporate M&A Pedro Saavedra
Corporate M&A Gerardo Lemus
Corporate M&A Gabriela Pérez
Banking and finance Mario Júarez
Banking and finance Gabriela Pérez
Energy and infrastructure David Jiménez
Tax Santiago Chacón
Public law and environmental David Jiménez
Public law and environmental Roberto Torres
Competition-Antitrust Gerardo Lemus
Projects David Jiménez
Projects Mario Juárez
Projects Gabriela Pérez
Capital markets Mario Juárez
Capital markets Gerardo Lemus
Capital markets Gabriela Pérez
Real estate Gerardo Lemus
Real estate Roberto Torres
Fee-earners : 25
Partners : 7