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Jones Day

PASEO DE LA REFORMA 342, PISO 30, COLONIA JUÁREZ, 06600 MEXICO, D.F., MEXICO
Tel:
Work +52 55 3000 4000
Email:
Web:
www.jonesday.com/mexicocity

Antonio Franck

Tel:
Work (T) +52.55.3000.4007
Email:
Jones Day

Work Department

Banking & Finance Latin American

Position

Antonio Franck focuses on corporate, banking, and securities law as it relates to foreign commercial bank lending in Mexico, foreign and Mexican underwriters, and private sector companies. He structures and negotiates national and international financial transactions regarding mergers and acquisitions, corporate and financial restructurings, and strategic associations.

Antonio has almost 40 years of experience working with clients in the U.S. and around the world. Prior to joining Jones Day in 2014, he handled a wide variety of legal matters, including the structuring and financing of electric energy projects such as Samalayuca and Mérida III; participated in the incorporation of Banco Azteca, Banco Multiva, and Bancoppel among other credit institutions and sofoles; served as a member of an ICC arbitral tribunal in an ICC proceeding between a Mexican company and an American company regarding a joint venture dispute; and acted as Mexican counsel for Mexico's Bank Advisory Group during the Mexican debt restructuring from 1982 to 1992.

Antonio has taught commercial law and legal ethics at Universidad Iberoamericana as well as at Escuela Libre de Derecho. He serves on the board of directors of several companies, including FibraUno, OHL, Farmacias del Ahorro, Coppel, BanCoppel, Landsteiner, Globo Cambio, and others in Mexico. He has also served on the boards of Grupo Aeroportuario del Pacifico, Mexicana de Cananea, Sears Roebuck de México, and Grupo Financiero IXE. He is chairman of the Committee for Legislative Analysis of the Business Coordination Counsel (Consejo Coordinador Empresarial) and a member of the Honour and Justice Commission of the Mexican Bar.

Languages

English and Spanish

Member

Member of the Honour and Justice Commission of the Mexican Bar.

Education

  • Harvard University (Practising Law Institute course, 1980); Universidad Iberoamericana (J.D. 1977); University of Houston (U.S. legal studies, 1976-1977)


Mexico

Banking and finance

Within: Banking and finance

The 14-strong Jones Day banking and finance team is growing both in size and in regional capability, while retaining the competitive advantage of being able to call on the firm’s international network. The team is known for its infrastructure finance work, and clients appreciate its ‘expertise, response times and value for money’. Recent highlights were mainly carried out domestically, bar a couple of exceptions, such as the development of the financial structure of the new Mexico City International Airport, in which Alberto de la Parra led a team involving lawyers from the firm’s Singapore office as counsel to Grupo Aeroportuario de la Ciudad de México on the Mexican legal aspects of the issuance of $4bn worth of green bonds through the Mexico City Airport Trust, executed under the Rule 144A/Reg S. De la Parra (in conjunction with M&A partner Mauricio Castilla) also assisted BBVA Bancomer, BBVA Securities and Credit Suisse Securities/Banco Santander in a $1.55bn New York law-governed unsecured bridge loan agreement extended to GMéxico Transportes for the acquisition of rail-operator Florida East Coast Holdings. Practice co-head Antonio Franck advised Invex Infraestructura 4 and Gas Natural Noreste on the $700m development, financing, construction and operation of the "Tajín system", which will consist of a port and storage terminal in Tuxpan and a storage terminal in Tula. Javier Martínez del Campo advised Grupo Gigante on the $236.6m syndicated credit facility granted by BBVA Bancomer, as lender and administrative agent, and Scotiabank Inverlat and Banco Santander as lenders; and Grupo Kuo on several banking matters involving operations in Mexico and abroad, including a credit agreement from Bancomext for $53m. According to some, Martínez del Campo is ‘the best banking lawyer at the firm’. ‘He is very knowledgeable, very good to work with, and he always puts something on the table’, stated one peer. In both mandates he was assisted by associate Carlos Sámano, considered ‘a name to watch’. Key support further comes from office managing partner Manuel Romano; Fernando de Ovando, who has over 40 years’ experience in the practice; José Estandía, who covers project finance and M&A in the energy sector; and Silvia Malagón, who covers banking, capital markets and funds. Banco del Bajío is another key client.

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Capital markets

Within: Capital markets

The eight-strong capital markets team at Jones Day advises Mexican issuers and underwriters on debt and equity offerings and is also well-known for establishing mutual funds, pension funds and brokerage firms. Recent work saw the firm handle transactions under Mexican and foreign law (Rule 144A/Reg S), as well as assist funds with a variety of issues. Practice head and fund specialist Silvia Malagón had a very active year, assisting SAM Asset Management with obtaining authorisation from the National Banking and Securities Commission for seven mergers of 19 mutual funds; Scotia Fondos concerning the incorporation of three mutual funds; SURA Investment Management México regarding the incorporation of two mutual funds, MONEDA and SURMILA – the latter being listed on the Integrated Latin American Market (MILA). In all three cases Malagón relied on the support of senior associate Eduardo Mendoza. On the international side, Alberto de la Parra was assisted by Carlos Sámano on advice to BBVA Bancomer, Credit Suisse, Santander, GBM, and Inbursa, as placement intermediaries, in connection with GMexico Transportes’ $996m global offering under Rule 144A/Reg S and IPO on the Mexican Stock Exchange (BMV); Fernando de Ovando, in conjunction with Mauricio Castilla and Sámano, acted as counsel to Banco del Bajío on its $475.2m global offering under Rule 144A/Reg S and Mexican stock market IPO and listing; Javier Martinez del Campo (working with Sámano and Victoria Rivera Torres, as well as Boris Dolgonos, Peter Devlin, Patrick Bussard in New York), assisted Grupo Kuo in the Rule 144A/Reg S issuance of senior notes for the value of $450m, due in 2027. In other work, Antonio Franck advised Prodemex on establishing a Fibra E comprising three federal prisons in the states of Durango, Michoacán, and Mexico, with a value of $450m. Franck was assisted by Sámano, who led advice to Crédito Real, as issuer, on its Rule 144A/Reg S $230m perpetual notes to qualified investors in the US and in the implementation of a dual stock certificate program for an authorised total amount of $405m. Additional support comes from associates Arturo de la Parra and Mauricio Bahena.

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Corporate and M&A

Within: Corporate and M&A

The ‘very professional, well-prepared’ team at Jones Day is praised for its ‘quick responses and full availability’ and ‘total focus’ on the client. The practice is an increasingly active presence in the market and is held in high regard by peers and clients. The team is jointly led by Javier Martínez del Campo and Mauricio Castilla, and while it will miss Luis Rubio, who left for Holland & Knight, it still boasts several other high-calibre partners, including Antonio Franck and Manuel Romano. Among a number of significant recent transactions, it advised Patrón Spirits International on its $5.1bn takeover by Bacardi, one of the largest Mexican deals of the past year. The firm also advised Methode Electronics on its $114m acquisition of Pacific Insight Electronics.

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Energy and natural resources

Within: Energy and natural resources

The energy practice at Jones Day provides its clients with ‘a lot of practical and technical depth, and reliable, business-oriented advice’. The Mexican side of the practice forms an integral part of a broader Latin America practice, with lawyers working out of New York, Miami and Mexico City. Mexico head Manuel Romano is ‘business-oriented, practical and precise’, and ‘an exceptional projects lawyer’. The firm advised Andeavor on structuring an agreement with an affiliate of Profuels, for the supply of ARCO-branded and unbranded gasoline and diesel; and advised JinkoSolar on the development and financing of three solar power facilities with a combined 188MW capacity. Other key partners include electricity expert José Estandía, and Alberto de la Parra and Antonio Franck for energy infrastructure projects.

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Projects and infrastructure

Within: Projects and infrastructure

The top-quality projects team at Jones Day brings ‘a lot of practical and technical depth and reliable business-oriented advice’ to the table, advising sponsors and lenders. Among the international firms, it is ‘one of the few with true LatAm experience’. Practice co-head Alberto de la Parra has an impeccable pedigree advising on major infrastructure developments and led the advice to Group Aeroportuario de la Ciudad de Mexico on its $3bn New Mexico City Airport project. Other key individuals include co-head José Estandía, Antonio Franck, and the ‘practical and preciseManuel Romano, who is ‘an exceptional projects lawyer’. The firm also advised Invex Infraestructura and Gas Natural del Noreste on the $700m development, financing and operation of a pipeline, port and storage terminal project in Tuxpan.

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Legal Developments by:
Jones Day

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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