Firm Profile > FLAG (Finance Law Advisory Group) > Mexico City, Mexico

FLAG (Finance Law Advisory Group)
Bernardo de Gálvez 135
Col. Lomas de Chapultepec, IV Sección
CP11000
Mexico

Banking and finance Tier 5

In just over a year, boutique firm FLAG (Finance Law Advisory Group) has managed to carve out a name for itself in the banking and finance market. Led by respected structured finance expert Boris Otto, formerly at Holland & Knight, the practice also has deep experience in all types of sub-sovereign financing representing both financial institutions and arrangers as well as the states and municipalities themselves. Adrián Cabrero is another noted partner on the team, which advises a growing list of clients ranging from more traditional banks to younger and more innovative companies.

Key clients

Goldman Sachs (USA)

Grupo Financiero Intercam 

MXC Capital 

FLAG (Finance Law Advisory Group) is a boutique law firm specialized in finance and corporate law advisory services, with offices in Mexico City and representation offices in New York and Houston. FLAG is the result of the association of a highly sophisticated group of lawyers, with unparalleled experience and knowledge in the financial and corporate sectors, and widely recognized professional careers in the Mexican finance market.

FLAG is a unique option in the Mexican legal market for both public and private sectors. FLAG offers a simple and horizontal structure which, coupled with the best available technology, allows us to offer highly customized, cost and time effective legal services.

The team of lawyers at FLAG have represented all type of local and foreign financial entities, including commercial and development banks, sofomes (non-bank lending institutions), leasing companies, private equity funds and investment funds, among others, as well as national and global companies. Also, we have advised issuers, brokers and investors in capital markets transactions. The FLAG team has algo represented the federal government, state and local governments in debt transactions, as well as the refinancing and restructuring of debt.

PRACTICES: 

Banking and Finance: 

FLAG offers extensive experience in Banking and Finance for both local and cross border transactions, advising an extensive list of national and foreign financial entities including commercial and development banks. Our lawyers at FLAG provide creative, efficient and comprehensive advice for implementing all types of financings, including bilateral, syndicated or simple, guaranteed and unsecured loans. Our structured finance practice is second to none both in asset based as well as future flow-based financing.

We actively advise lenders and debtors in the negotiation, structuring and implementation of the relevant financing, its source of payment or alternative source of payment, as well as the corresponding security package. Likewise, FLAG represents lead arrangers and borrowers during the syndication process, including negotiations with other banks and the subsequent implementation of the lenders’ agreement and corresponding documentation.

Public Finance: 

FLAG offers extensive and highly sophisticated experience in public financing, actively advising credit institutions, the federal government, states and municipalities in the structuring, negotiation and implementation of financing, refinancing and restructuring of public debt. Our team has participated in most major public finance transactions in Mexico and we are proud that various structures and legal documentation created by our lawyers are market references in the Mexican public finance industry.

Capital Markets:

FLAG represents issuers and underwriters in capital markets transactions, including the structuring and implementation of short, medium and long-term debt and structured debt offerings whether public or private.

We have a deep and broad experience in local and cross border securitizations (such as the issuance of notes under rule 144-A and Regulation S of the Securities Act) backed with all types of assets and future flows, such as mortgages, consumer and auto loans, receivables, leasing and factoring operations, as well as securitizations of federal, local and municipal revenues, taxes and duties, payroll taxes, road tolls, among others.

M&A:

We have broad experience in M&A transactions, representing domestic, foreign and global entities, both regulated and unregulated, in different markets and industries, including telecommunications, infrastructure, energy, real estate, financial, and pharmaceutical companies, among others.

FLAG represents global, foreign and domestic clients in the acquisition of (or investment in) Mexican companies. Always guided by our clients’ best interests, FLAG seeks to provide advice to our clients in collaboration with bankers and accountants since the inception of the transaction, up to the negotiation and closing. Our advice includes negotiating and implementing joint ventures, as well as the relevant corporate governance provisions, including shareholders agreements and voting trusts.

Project Finance:

In FLAG we represent financial institutions and development banks, both local and foreign, developers and sponsors, contractors and concessionaires, as well as the federal government, states and municipalities, in the development and financing of projects.

Our advisory begins from the structuring and negotiation of projects, either through public tenders or private competitions, until the negotiation and implementation of the corresponding financing and the subsequent operation of the projects. Likewise, our experience enables us advising our clients in implementing and negotiating security packages and sources of payment, as well as those control rights over the project (step in rights).

Debt Restructuring: 

Our team has participated in the refinancing and restructuring of private and public debt. We have also participated in the reorganization of companies in diverse industries, whether privately or in a concurso mercantil process, including highly complex and sophisticated transactions, such as debt under derivative instruments, anti-trust driven reorganizations and restructurings in complex financial structures.

We have represented national and foreign financial institutions and companies as creditors, debtors, trusts and indenture trustees, in the reorganization of all kinds of companies in insolvency, including infrastructure companies, business groups specialized in all types of real estate developments.

Department Name Email Telephone
Public Finance, Debt Restructuring, Project Finance Boris Otto Lira borisotto@flagmx.com +52 55 5025 3300
Banking Finance, Capital Markets, M&A Adrian Cabrero Alcocer adriancabrero@flagmx.com +52 55 5025 3300
M&A, Private Equity Salvador Padilla García-Lecuona salvadorpadilla@flagmx.com +52 55 5025 3300
Capital Markets Mariana Montaño Domínguez marianamontano@flagmx.com +52 55 5025 3300
Photo Name Position Profile
 Adrian  Cabrero Alcocer   photo Adrian  Cabrero Alcocer  Partner 
 Boris  Otto Lira   photo Boris  Otto Lira  Partner 
English (fluent)
Spanish