Pérez Correa González > Mexico City, Mexico > Firm Profile

Pérez Correa González
INSURGENTES SUR 1602 (Fl.11 / Of.1102

Mexico > Bankruptcy and restructuring Tier 2

Pérez Correa González's multi-faceted practice handles a range of roles in bankruptcy proceedings, having taken part in significant cases in Mexico, many of them with strong cross-border components. Recent examples include representing China Development Bank as creditor in relation to the Altan Redes’ insolvency proceeding. The practice has a particular experience advising clients from the oil and gas, automotive, food and beverages, construction, finance, energy, and hospitality sectors, and is led by a skilled trio of partners comprised of Fernando Pérez Correa, an experienced player in this domain, who has a proven track record acting as a conciliator and court-appointed in insolvency and bankruptcy proceedings; José Covarrubias, whose bankruptcy practice has grown from his experience in dispute resolution and arbitration; and younger partner Zulima González, who brings additional expertise to the practice.

Practice head(s):

Fernando Pérez Correa; José Covarrubias; Zulima González

Key clients

Turbo Limited

China Development Bank


Perforadora Oro Negro

CSI Leasing México

Servicios Petroleros San Antonio Internacional

Instituto Federal de Especialistas de Concursos Mercantiles.

Prime/CRDF Los Jardines

Paclease Mexicana

MTI Transport

Work highlights

  • Representing CSI Leasing on the liquidation of Banco Ahorro Famsa.
  • Representing China Development Bank, as creditor, in relation to the Altan Redes bankruptcy proceeding.
  • Appointed as conciliator in the bankruptcies of Grupo Almos and Soluciones Integrales Almos.

Mexico > Dispute resolution: arbitration Tier 3

Pérez Correa González shows prowess in a wide array of disputes, but is particularly well known for its expertise in energy-related arbitration, whether domestic or foreign, either as counsel or arbitrator. The practice is co-led by seasoned partner Fernando Pérez Correa, who has a strong record advising in investment and commercial arbitrations; and José Covarrubias a ‘very diligent and creative attorney with a very impressive understanding of the natural gas industry and arbitration proceedings’. Both of them also house solid skills in disputes involving judicial proceedings, especially those regarding the enforcement and annulment of arbitration awards and/or the obtaining of interim measures. Recent examples include advising Exportadora de Sal on a dispute regarding the enforcement of a $5m arbitration award. Since reserch concluded, Ixchel Pedraza (who had been promoted to the partnership in January 2022) and senior associate Marianna Loredo have left the firm, moving to ECIJA and Cervantes Abogados, respectively.

Practice head(s):

Fernando Pérez Correa; José Covarrubias


‘They have extensive knowledge of the substantive issues of natural gas pipeline disputes. In addition, they also have an impressive handling of the procedural issue in commercial arbitration.

‘We work mainly with José Covarrubias. He is a very diligent and creative attorney with a very impressive understanding of the natural gas industry and arbitration proceedings.


Key clients

Comisión Federal de Electricidad

Crowley Technical Management

Japan Tobacco International

Exportadora de Sal

Secretaria de Comunicaciones y Transportes

Crowley Technical Management / Marine Management Services

G 500 Group


Work highlights

  • Obtained a favorable award for Crowley Technical Management in an arbitration conducted under the rules of the Society of Maritime Arbitrators; the team continues to represent the client in the judicial proceedings for the enforcement of the award in Mexico, and other related procedures.
  • Representing Exportadora de Sal in a proceedings seeking the annulment of an Arbitration Centre of Mexico award of over $5m, or the rejection of its enforcement.

Mexico > Dispute resolution: litigation Tier 3

The ‘excellent team’ driving the practice at Pérez Correa González -which garners praise for its understanding of the ‘unique nature of cross-border matters’- is co-led by an outstanding duo consisting of Fernando Pérez Correa, who has over 25 years’ experience in dispute resolution and international arbitration regarding a wide array of matters; and the ‘exceptionally talentedJosé Covarrubias, who has high-level expertise as regards energy litigation and who complements his dispute resolution expertise with activity in the bankruptcy sector. The team has a good track record in commercial and administrative litigation, as well as international arbitration, and a particular focus on the banking, energy and automotive industries. The practice was further strengthened by the promotion of Ixchel Pedraza to the partnership in January 2022; together with Zulima González, who handles bankruptcy and insolvency proceedings, the pair constitute a capable second line of younger partners. Senior associate Marianna Loredo is an additional name to note. Since research concluded, Pedraza has moved to ECIJA México - effective as of September 2022.

Practice head(s):

Fernando Pérez Correa; José Covarrubias


‘Excellent team, punctual follow-up to cases that have brought good results. I like that there is diversity in the team, they have presented us with a flexible fee plan, which has made us highly value the firm.

‘Communication with the team is very easy, they provide excellent follow-up, there is a lot of human quality and knowledge in the partners. I work with Mr. Pérez Correa, as well as with Ixchel Pedraza.

‘The firm is best equipped to serve international clients on cross-border investment and dispute matters. PCGA understands the unique nature of cross-border matters. PCGA team is very responsive and is available 24/7. It is easy to work with them despite different time zones. They have excellent expertise and knowledge in substantive issues, and think strategically.

‘Jose Covarrubias has good commands of all details of the case, facts, and case history. Jose provides thoughtful and strategic advice, and efficiently guide clients through complex issues. He is responsive, hard working, and always available. He is an exceptionally talented lawyer.

Key clients

Overseas Private Investment Corporation (US government’s development finance institution), currently named as United States International Development Finance Corporation (“DFC”))

Export Development Canada

SSA México

Exportadora de Sal

Getman Corporation

Investigación Farmaceutica (IFA Celtics)

Aceros Camesa

Zigor México

MTI Transport

Banco Santander Mexico

Grupo Financiero Banorte

Export Import Bank

Work highlights

  • Represented Santander in more than 140 cases to recover bank’s debtors’ past due mortgage portfolio.
  • Export Development Canada acted as guarantor to a loan agreement between a Canadian bank and a Mexican producer of frozen agricultural products; the team assisted the client with the collection of amounts owed under the loan agreement since the debtor has failed to fulfil its payment obligations.
  • Representing Aceros Camesa on a dispute against a subsidiary of Mexico’s largest construction company and its holding company, to collect amounts owed for diverse steel products.

Mexico > Real estate Tier 3

Pérez Correa González is widely regarded for its diverse capabilities in real estate transactions, advising domestic and multinational corporations, banks, non-bank financial institutions, investment funds and technology companies on joint ventures, land acquisitions, project development (for industrial, residential and hospitality projects), financings, and purchase and lease agreements among other matters. The practice is led by Luis González , who focuses on corporate and transactional work, including real estate matters; with fellow partner-level support provided by the Vancouver-based Omar Aguilar, who has over 20 years' experience involved in the design of investment and financial structures for real estate clients. The pair can also call on a healthy associate bench with Juan Carlos Izaza (corporate, M&A, real estate and private equity law - particularly the design, drafting and negotiation of commercial agreements); and Carlos Ugalde  (the structuring of large real estate transactions, involving the acquisition/sale of real estate properties - particularly in relation to the tourism/hospitality sector) playing a key role. However, former fellow associate María Fernanda López Lledó moved to Nader, Hayaux y Goebel, SC in May 2022.

Practice head(s):

Luis González

Key clients



Work highlights

  • Advised BigWhite on the negotiation and acquisition of adjacent plots of land for project development, including negotiating and securing easements, obtaining state and municipal permits, and negotiating financing terms and a corresponding partnership structure for the development of the project, among other matters.
  • Advised Akivinta on structuring the purchase and the regularisation of premium upscale mixed-use residential properties.

Mexico > Corporate and M&A Tier 4

Praised for its ‘dedication and knowledge’, the corporate and M&A practice at Pérez Correa González houses an ‘excellent team of partners’, comprising corporate finance and M&A specialist Fernando Eraña, who has an emphasis on cross-border finance, private equity and venture capital; and Luis Gonzalez, who is particularly experienced in private equity transactions, and whose corporate and transactional expertise encompasses real estate mandates. The pair are closely supported by senior associates Juan Carlos Izaza, who regularly advises domestic and foreign clients on the setting-up of new ventures and their corporate structures in Mexico; and Carlos Ugalde, who has a focus on corporate, M&A, finance and real estate matters. Senior associate Federico Vázquez left the firm in January 2022 to co-found his own firm.

Practice head(s):

Luis González; Fernando Eraña


The dedication and knowledge of various practices in the field of action are a clear advantage when working with the firm.’

Excellent attention received from Fernando Eraña.’

Fernando Araña is an excellent lawyer with a practical approach to the industry.’

This practice has knowledge of the venture capital markets.’

The firm has an excellent team of partners. Regarding the associates, Carlos Ugalde always helps us in the frequent issues of the operation looking for practical and appropriate ways to solve them.’

Key clients

Moody’s Investors Service

Sumitomo Mitsui Banking Corporation

Hoteles Rotamundos

Newell Brands

Micro Focus International

Group In-RGY Consulting

Data Migration Resources

K&M International (Wild Republic)

Palantir Technologies

GC Capital

Work highlights

  • Advised Newell Brands on the implementation of a merger that combined the business operations and assets of three of its Mexican subsidiaries.
  • Advised Angel Ventures regarding a $7.3m investment round led by Dalus Capital in Chilean startup Al Gramo, to finance global expansion.
  • Assisted In-RGY with its market expansion into Mexico and Latam with the acquisition of Iane, the partner in Mexico of Ultimate Kronos Group (UKG).

Mexico > Banking and finance Tier 5

Pérez Correa González houses a compact but highly efficient banking and finance practice, which earns praise from clients for having the ‘necessary contacts and communications to streamline the dialogue with banks’, and whose client roster includes local and international names from the financial, technology, consumer goods, energy, fintech and infrastructure sectors. The department is co-led by a Mexico City-based duo comprised of Jorge Labastida, who is well-versed in asset-backed and structured finance, both cross-border and domestic; and Fernando Eraña, who also leads the fintech group, and is experienced in cross-border finance - secured and unsecured - and venture capital financing.

Practice head(s):

Jorge Labastida; Fernando Eraña


They have the necessary contacts and communications to streamline the dialogue with banks.’

I have worked closely with Fernando Eraña. I have found his knowledge, experience and services to be of great level.’

Fernando Eraña is highly knowledgeable in real estate contract law and helpful in all ways.’

They stand out for their high level of expertise and knowledge.’

Very good, always available.’

Key clients

Sumitomo Mitsui Banking Corporation

United States International Development Finance Corporation

BMO Harris Bank

Credit Suisse Mexico, Asset Management Division

Real Estate Investments

Work highlights

  • Represented a US national bank regarding the Mexican components of a cross-border secured revolving borrowing base facility to a US-based metals manufacturer and three of its Mexican subsidiaries.
  • Represented SMBC, subsidiary of Sumitomo Mitsui Banking Corporation, as borrower of a loan from Banobras.
  • Advised SMBC with financial regulatory matters and transactions in Mexico, including corporate, regulatory and compliance upkeeping of SMBC.

We are a Mexico City-based law firm with a solid, highly qualified team with undergraduate and graduate studies in the most prestigious universities in Mexico, the United States and Europe and work experience in top-tier international law firms.

We understand the current needs of the market and provide our clients with personalized services based on trust, honesty, excellence and integral legal solutions. The firm represents a wide diversity of clients, domestic and foreign, public and private companies, Fortune 500 companies, investment funds, government agencies and non-profit organizations.

Prestigious publications recognize many of our attorneys as among the best in Mexico, in M&A, real estate, banking and finance, capital markets, dispute resolution, bankruptcy and corporate.

Corporate Luis Fernando González Nieveslgonzalez@pcga.mx
Bankruptcy & Insolvency Fernando Pérez Correafperez@pcga.mx
Litigation, Arbitration & Mediation José Covarrubiasjcovarrubias@pcga.mx
Corporate Fernando Erañaferana@pcga.mx
Bankruptcy & Insolvency Zulima Gonzálezzgonzalez@pcga.mx
Corporate Jorge Labastidajlabastida@pcga.mx
Corporate Omar Aguilaroaguilar@pcga.mx
Partners : 7
Attorneys : 12