Garrigues > Mexico City, Mexico > Firm Profile


Mexico > Banking and finance Tier 3

The 15-strong team at Spanish firm Garrigues’ Mexico office specialises in project financing, structured financing and commercial bank lending, and has additional experience across a diverse range of financing matters; it can also leverage the firm’s international presence to handle complex cross-border transactions. The practice is led by Mario Juárez, who has long-standing experience in project finance and infrastructure projects. Gabriela Pérez Sierra has substantial expertise in M&A and financings for energy and infrastructure projects, while Leopoldo Fragoso works on securities and asset financing transactions; senior associate Carlos Eduardo Gómez supports the partners on key matters. The group was notably strengthened with the March 2023 hire of veteran banking, finance and capital markets’ specialist, Manuel Groenewold – formerly of White & Case S.C.

Practice head(s):

Mario E Juárez

Key clients

Inter-American Investment Corporation

International Finance Corporation

Blue like an Orange Sustainable Capital

Mezzanine México Uno

Beel Infrastructure Partners

Macquarie Bank

Grupo Financiero Inbursa

UniCredit Bank

Banco Santander Hong Kong Branch

Goldman Sachs

Work highlights

  • Advised Inter-American Investment Corporation on a MXN$1bn senior secured loan.
  • Assisted International Finance Corporation with a MXN$1bn warehousing facility.
  • Advised Blue like an Orange Sustainable Capital on a $15m senior secured term loan.

Mexico > Tax Tier 3

Garrigues stands out for its prowess and experience in tax controversies, and has recently gone from strength-to-strength in transfer-pricing advice. The firm’s  international presence makes it a strong choice for cross-border matters, particularly those emanating from Spain, and its client base of international companies often instruct the team on corporate tax matters too. Manuel Llaca leads the department and has more than 25 years' experience across tax litigation, transfer pricing and federal tax disputes. Counsel Francisco Barajas is a specialist in domestic tax matters and in resolving issues before the tax authorities; his practice encompasses consulting and controversies. Principal associate Ricardo Fernández de Arellano is especially strong in cross-border work involving Mexico, Spain and the US; and senior associate Iñigo García is the main support on transfer pricing matters.

Practice head(s):

Manuel Llaca


The Garrigues México team is excellent. Their advice is of great technical quality and they always respond quickly and executively.’

I would like to highlight the role of Ricardo Fernádez Arellano. His differential point is that having worked at Garrigues Spain he better understands the needs of the Spanish client, adapting better to the times and work typology of this market.

Key clients



BMW de México

Work highlights

  • Representing CIRSA in several lawsuits against various district and administrative courts over a state duty applicable to gambling companies.
  • Advising Sacyr on article 69-B of the federal tax code, which relates to the presumption of simulated operations supported by invoices.
  • Advised BMW de Chile on filing a letter ruling request before the local Ministry of Finance, asking for clarification on a legal loophole in a tax reform to the federal fiscal code of Mexico City, regarding tax on vehicle ownership or use of vehicles.

Mexico > Corporate and M&A Tier 4

The local Mexican office of Spanish full-service giant, Garrigues, fields a 14-strong corporate and M&A practice which was notably strengthened in March 2023 with the hire of banking, securities and M&A practitioner Manuel Groenewold fr0m White & Case S.C.. Steadily building its market presence, the practice has to some extent sought to focus on sectors such as consumer goods, education and health. Recent matters include handling the Mexican aspects of a pair of transactions on behalf of Accenture: one, the acquisition of Austin-based cloud and platform engineering services firm, Headspring; the other the purchase of Alfa Consulting Group. The practice is led by Gerardo Lemus – who focuses on corporate and real estate matters (along with issues such as corporate governance, commercial contracts, and merger-control filings and notifications), in conjunction with Gabriela Pérez Sierra, who has a certain focus on energy project and fintech transactions. Energy head David Jiménez Romero brings further partner-level M&A experience.  Support comes from a group of experienced associate practitioners including counsel Miguel Ángel Rocha (corporate, labour and employment); principals Carlos Eduardo Gómez (corporate, banking & finance, ESG) and Rodrigo Durán de la Vega (banking & finance, M&A); and senior Gabriela Cosío (corporate and dispute resolution – particularly as regards the energy sector). The department’s industry expertise also encompasses financial services, infrastructure, technology, retail and telecommunications.

Practice head(s):

Gerardo Lemus; Gabriela Pérez

Key clients


CSafe Global


Howden Broking Group

Deutsche Investitions- und Entwicklungsgesellschaft

Eternity International Freight Forwarder


Suez International

Work highlights

  • Advised HP in connection with the acquisition of two Mexican Poly’s subsidiaries that have significant operations in Mexico.
  • Advised Csafe Global in due diligence and local law aspects of the acquisition of the Mexican subsidiaries of Softbox Systms and certain post-closing restructuring matters.
  • Advised Accenture on the acquisition of Headspring, a cloud native and platform engineering services firm based in Austin, Texas.

Mexico > Projects and infrastructure Tier 4

The projects and infrastructure offering at the local office of Spanish firm Garrigues includes counsel on financing, public tenders and construction contracts, primarily for notable industry players in the energy, transportation, tourism and healthcare sectors. The practice is led by David Jiménez Romero, who specialises in public works, concessions, PPPs and project development. Key support is provided by senior associate Gabriela Cosio Patino, who assists with energy, healthcare and tourism projects; in September 2022 she was appointed to the ICC’s Global Arbitration Commission for a period of two years. Ex-practice co-head Roberto Torres left the firm in May 2023.

Practice head(s):

David Jiménez Romero

Mexico > Energy and natural resources Tier 5

Led by well-known projects advisor David Jiménez Romero, the energy and natural resources department at Garrigues’s Mexico City office is part of the firm’s wider offering across Latin America, assisting international and local clients with project development, finance, cross-border transactions, government procurement, regulatory issues, and M&A. Regulatory and environmental law partner Roberto Torres Velasco departed the firm in May 2023.

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.

Department Name Email Telephone
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