White & Case S.C. > Mexico City, Mexico > Firm Profile

White & Case S.C.
Torre del Bosque - PH
Blvd. Manuel Avila Camacho #24
11000 CDMX
Mexico

Mexico > Banking and finance Tier 2

A renowned full-service giant with a respected Mexican banking and finance practice. White & Case S.C. has established itself as the firm of choice for a number of top-notch global and national financial institutions, as well as for well known domestic corporate entities. The group continues to act in significant transactions for both lenders and borrowers, as evidenced by its recent work for Citibanamex, as agent, on a $240m unsecured syndicated credit facility granted to Ragasa Industrias; and for Braskem Idesa on the refinancing of its circa $1.35bn project finance debt. Following the untimely passing of Vicente Corta in May 2022, the department is now led solely by Juan Antonio Martín, who has a strong focus on syndicated loans and asset-backed financings. María Teresa Fernández Labardini brings particular expertise in fintech matters to the practice; Manuel Groenewold focuses on capital markets, banking, bankruptcy/insolvency and project finance; while Carlos Mainero‘s practice is centred on bank finance and finance regulatory matters. Up-and-coming figure Andrés Mosqueira advises on bank finance and financial regulatory matters, and has a particular focus on the asset management industry, payment systems, pension funds and securities regulatory matters. At associate level, seniors Carlos González (financial regulatory, banking law, fintech and capital markets), Rebeca García López (local and cross-border debt and equity financings), and Fernando Vázquez-Chelius Solís (structured, acquisition and private equity financings; syndicated and bilateral loans, bridge loans and debt restructuring) are the names to note. Since research concluded, the team has been further strengthened with the hire of Eduardo Flores Herrera -formerly of Creel, García-Cuéllar, Aiza y Enríquez, S.C.- as of July 2022.

Practice head(s):

Testimonials

‘It is a solid team, well structured and with great experience.

‘Juan Antonio Martín, Teresa Fernandez Labardini and Carlos Gonzalez are simply extraordinary.

‘What makes them unique is the high level of experience, knowledge and relationships of partners and associates in this area, always willing to listen to needs including billing.

‘Vicente Corta and María Teresa Fernández Labardini, have an extraordinary treatment, perfect understanding of the issues, they are open and always have the best disposition so that things go well and in the shortest possible time. I know that with them I cannot be in better hands.

‘It is a highly competitive team with experience and good elements.

‘Juan Antonio Martín’s service is exceptional in terms of knowledge, kindness and response times.

‘An industry leading team.

‘Juan Antonio Martín has a solid financial analysis capacity, and an exceptional understanding of the risks and critical aspects of the business. He is able to anticipate the needs of the client.

Key clients

Braskem Idesa

Citibanamex

Morgan Stanley

Santander

Banorte

Bayport Management

Premium Restaurant Brands

Nelo

Active Leasing

Afuenta

JP Morgan Mexico

Institución de Banca Múltiple

Work highlights

  • Represented Braskem Idesa on the refinancing of its $1.35bn project finance debt.
  • Represented JP Morgan Mexico and JP Morgan Grupo Financiero on the divestiture of its Mexican private banking business.
  • Represented Citibanamex as administrative agent (thorough its trust division), and as lead arranger and lender, on a $240m syndicated credit facility granted to Ragasa Industrias.

Mexico > Capital markets Tier 2

Established as one of the core areas of White & Case S.C.‘s Mexican office, the department ‘demonstrates a broad and deep expertise regarding capital markets’ when handling a gamut of transaction types and regulatory matters, as well as packing a particular punch on the debt and structured finance side of the practice. Work highlights include advising Sempra Energy on the $1.8bn tender offer of its remaining stake in Infraestructura Energética Nova (IEnova). After the untimely passing in May 2022 of Vicente Corta, the practice is now co-led by Juan Antonio Martín, whose practice has an emphasis on securities, domestic and cross-border financings, securitisations, and derivatives; and Manuel Groenewold, who specialises in subordinated notes, securities offerings, FIBRA-Es, CKDs and other structured securities. Counsel Eric Quiles, who has grown his practice and experience carrying out securities issuances for significant local debt issuers and underwriters, is also noted. The group can also draw on the strengths of the firm’s global capital markets capability. Since research concluded, the office has significantly deepened its bench strength with the hires of Eduardo Flores Herrera and Narciso Campos Cuevas in June and September 2022, respectively.

Practice head(s):

Juan Antonio Martín; Manuel Groenewold

Testimonials

‘The team always demonstrates a broad and deep expertise regarding capital markets. Additionally to the high-level of service, I would highlight the broad perspective that they always have regarding international market practices given their scope as a global firm.

‘Very high-level of service and disposition. Proven positive track record in the areas in which he advises. Very prepared.

‘High-quality team that, together with the international network of the firm, allows us to work efficiently on projects that involve multiple jurisdictions.

‘Juan Antonio Martín has a solid financial analysis capacity, and an exceptional understanding of the risks and critical aspects of the business. He is able to anticipate the needs of the client.

The practice is very good technically and transmits a lot of security to the clients.’

Manuel Groenewold and Simon Micha Kurc are very attentive and proactive. They are also very available.’

Key clients

Sempra Energy

Braskem Idesa

Citigroup

Goldman Sachs

Scotiabank

Morgan Stanley

Banorte

HR Ratings

Cetelem

Pensionissste

Grupo Aeroportuario del Pacífico (GAP)

Fondo Especial para Financiamientos Agropecuarios (FEFA)

Iochpe-Maxion Austria

Molibidenos y Metales

Montepío Luz Saviñón

Hospitales Mac

Exitus Capital

FibraShop

FinUtil

Work highlights

  • Advised Sempra Energy on the $1.8bn tender offer of its remaining stake in Infraestructura Energética Nova (IEnova).
  • Advised Braskem Idesa, the owner and operator of the $5.2bn Etileno XXI petrochemical complex in Veracruz, Mexico, on the successful refinancing of its circa $1.35bn of project finance debt.
  • Advised Morgan Stanley, Goldman Sachs, Citigroup Global Capital Markets and Nu Invest Corretora de Valores, as joint global coordinators, on the initial public offering and listing of Class A ordinary shares of Nu Holdings on the New York Stock Exchange and Brazilian depositary receipts (BDRs) on B3.

Mexico > Competition and antitrust Tier 2

A consistent choice for both international and domestic players, White & Case S.C.‘s Mexican competition practice continues to garner great results for clients in antitrust suits and investigations, as well as securing unconditional merger clearances, and earns praise for the fact that the ‘quality is never compromised despite the difficulties and pressure of time, cost or technical complexity’. Highlight cases -recently- include assisting Kansas City Southern obtain unconditional clearance from COFECE and IFT to undertake its $31bn merger with Canadian Pacific to create the first Mexico-US-Canada freight rail network. Henri Capin-Gally CFA heads the team, and boasts ‘great technical ability and deep knowledge of the subject’. Additional expertise is provided by senior associate Román González, who is experienced in antitrust investigations; and associate Germán Ricardo Macías. Since publication, González has been raised to the partnership – effective as of January 2023.

Practice head(s):

Henri Capin Gally

Testimonials

‘They are among the law firms that have the most technical knowledge (economic and mathematical) in matters of economic competition.

‘Henri Capin – Great technical ability and deep knowledge of the subject. Román González – He internalizes himself in the cases to know in detail and in an integral way until the last argument.

‘The W&C team has quickly adapted to sophisticated technical and technological challenges, with an industry and company where everything always goes very fast and everything is new and changing. Its quality is never compromised despite the difficulties and pressure of time, cost or technical complexity.

‘The members of W&C Mexico stand out for their unwavering commitment to handling matters despite being technically challenging and complex. Being on the legal frontier, where strategies are decided on issues that have never been seen before, they manage to stand out by adapting to new and challenging realities.

Key clients

Kansas City Southern de México / Kansas City Southern

Sempra Energy

Newmont Corporation

Grupo Financiero Banorte

I Squared Capital

Konfío

Faurecia

Consubanco

Ultrapar Participações

Grupo Viva Aerobús

China Communications Construction Company

Abu Dhabi Developmental Holding Company

Work highlights

  • Advised Kansas City Southern on obtaining merger control clearance from both COFECE and IFT to close its sale to Canadian Pacific Railway Limited.
  • Advising Grupo Viva Aerobús and its operating subsidiary, Aeroenlaces Nacionales (Viva), before COFECE to obtain authorisation to close a commercial alliance agreement and joint venture with Allegiant Air.
  • Assisted Konfío obtain unconditional clearance from COFECE to acquire card payment processor Sr Pago, thereby also establishing it as Mexico’s fourth ‘unicorn’.

Mexico > Compliance Tier 2

White & Case S.C. houses a well-regarded compliance and investigations practice in Mexico, comprised of a ‘solid team of professionals with extensive experience in the sector’. Some of them have experience working in key regulatory bodies like practice co-head María Teresa Fernández Labardini, who has a specific focus on the financial sector, as well as on regulatory, anti-corruption, fintech and corporate matters. Leading the group alongside Fernández are Enrique Espejel, who specialises in white-collar matters, including internal investigations and representing relevant parties in civil matters involving fraud, accounting and regulatory issues; and Juan Antonio Martín, who garners praise for being ‘able to anticipate the needs of the client’, and is renowned for his expertise in financial services sector compliance, including fintech and payment systems experience. Other key contacts include Andrés Mosqueira and Carlos Mainero, who bring additional expertise in financial regulatory matters. Vicente Corta, who collaborated closely with the practice, passed away in May 2022.

Practice head(s):

María Teresa Fernández; Juan Antonio Martín; Enrique Espejel

Testimonials

‘It is a solid team, well structured and with great experience.

‘Solid team of professionals with extensive experience in the sector. They have a wide network of contacts. Industry benchmark.

‘Juan Antonio Martín has a solid financial analysis capacity, and an exceptional understanding of the risks and critical aspects of the business. He is able to anticipate the needs of the client.

‘Teresa Fernandez is able to understand the finer aspects of issues and develop them in a way that makes them understandable to those involved.

‘Andrés Mosqueira has a great knowledge of the regulation applicable to the sector since he has been involved in its development.

‘The experience they have in the sector stands out.

‘The White & Case team does not limit its attention to clients and constantly provides its legal advice in the interest of its clients and with the purpose of mitigating risks.

‘The White & Case team has the ability to solve complex problems related to compliance issues for technology companies that escape the current legal framework.’

Key clients

Visa

WhatsApp

Citigroup-Citibanamex

Morgan Stanley

Facebook (Meta)

Sura Asset Management Mexico

Airbnb

Bolsa Institucional de Valores (BIVA).

Vanguard

Work highlights

  • Advising Citigroup-Banamex on several corporate, compliance and regulatory matters related to the applicable legislation issued by financial authorities.
  • Advising Meta on its compliance with the Transparency Law and its Emergency Provisions with regard to its internet advertising services in Mexico and from Mexican agencies.
  • Advised Visa on the authorisation of its new clearing house in Mexico.

Mexico > Dispute resolution: litigation Tier 2

White & Case S.C.'s well-reputed dispute resolution department continues to participate in large and challenging disputes in Mexico, offering strong capabilities in both domestic and cross-border litigation. The practice comprises experts in civil and commercial litigation led by Enrique Espejel , who also shows prowess in bankruptcy litigation; and a group focused on administrative litigation, led by Ismael Reyes Retana Tello, who is hailed as a ‘reference in the Mexican forum’ and whose ‘experience and knowledge place him in a category that few lawyers in Mexico have’. Both teams are complemented by the firm's solid arbitration practice. Drawing on its ‘deep knowledge of the current political situation in Mexico and regulatory changes’, the department has also positioned itself as a well-regarded player for litigation involving regulated industries - particularly financial services, and increasingly, energy.  Fernando García, who has a focus on constitutional and administrative disputes, was appointed partner in January 2022, however, the group endured the departure of Antonio Cárdenas and Daniel González, who joined DLA Piper. Associates Yuriria Galicia and José Joaquín Pacheco Mendoza are additional names to note.

Practice head(s):

Enrique Espejel; Ismael Reyes Retana

Testimonials

‘Teamwork with the W&C Mexico office has been an excellent experience. Very good treatment and collaboration with its people, top-level billing and technology.

‘Human quality, professionalism, ethics and responsiveness. Ismael Reyes Retana.

‘It is a round advice: It is not based solely on litigation issues (in which Ismael Reyes is an expert), but covers regulatory issues and care and rapprochement with authorities.

‘Ismael Reyes Retana is a reference in the Mexican forum. He is is recognised as milestones and hi high-degree of experience and knowledge place him in a category that few lawyers in Mexico have.

‘The White & Case team has extensive experience in creating compelling legal strategies to achieve the objectives that are set. They also have a determination in carrying out the activities of the strategy to achieve the proposed objectives.

‘The added value of W&C lawyers is provided by their attention and cordial treatment of the client, their extensive knowledge and that they are resolute and look for alternatives to achieve good results. The lawyers who share these qualities are: Fernando Gómez, Diego Mora, Ismael Reyes Retana, Enrique Espejel.

‘Fernando Garcia Gomez has been a fantastic support working on several local litigations and has a unique ability to process information from our commercial team members and communicate with them so they understand the process.

‘Deep knowledge of the current political situation in Mexico and regulatory changes.

Key clients

Facebook (now Meta)

Confederación Nacional de Productores de Papa (Conpapa)

Amazon Mexico

Altán Redes

Uber Mexico

Kansas City Southern Mexico

Citibanamex

Cablemás Telecomunicaciones

Kansas City Southern

TV Cable de Oriente

AXA Seguros

Izzi

Bancomext

Cable y Comunicación de Campeche

Banobras

Aerovías de México

Iberdrola

Pegaso

Thermion Energy Services

PMV

Vitol

Kubo Financiero

Sulzer

Operbes

Continental

Virgin Mobile

SHF

Weex

Marco Industries

APyRE

Morgan Stanley

Afirme Grupo Financiero

Consubanco

Baxter

HSBC

Work highlights

  • Represented Meta (Facebook) and its Mexican subsidiary in the first civil litigations brought against a social media platform in Mexico.
  • Assisting Conpapa in challenging a new ruling issued in 2021 that seeks to allow the importation of fresh potatoes without the proper sanitary requirements.
  • Representing Amazon in several inquiries related to the intermediary liability for e-commerce platforms.

Mexico > Energy and natural resources Tier 2

With an exceptionally experienced practice group whose members have backgrounds in both the public and private sectors, White & Case S.C., is praised for having ‘one of the most robust teams with a very high quality of deliverables at all levels’. 2021 saw the group advise a stellar roster of clients in the power generation segment, as well as providing contentious counsel in contentious oil, gas and electricity matters – indeed, the practice stands out as ‘excellent in the energy sector, amparo trials and administrative law’. Leading the practice Francisco De Rosenzweig has a strong reputation, with clients regarding him as the ‘lawyer who knows the most about the electricity and hydrocarbon industry in the energy sector. He is flanked by fellow partners Jorge Kim, who focuses on the regulatory, transactional and litigious mandates; and Juan Ruenes who handles infrastructure development, project finance, asset finance and general corporate matters. At associate level, José Daniel Franco is an ‘outstanding member of the team’ whose expertise takes in the regulatory, contractual and project-finance aspects of electricity, oil-and-gas, and other infrastructure projects; while Mariana Montemayor Alba and Juan Carlos Llorens Rojas both handle corporate law, energy transactions, infrastructure and project financing.

Practice head(s):

Francisco de Rosenzweig

Testimonials

‘Francisco de Rosenzweig has an in-depth knowledge of the regulation of the sector, to which he adds his experience as leader of the legal area of the independent market regulator. This experience, together with his knowledge of regulation, makes him stand out as one of the people who best understand the complicated regulatory framework of the electric power sector in Mexico.

‘Silvia Marchili has extensive experience in international litigation processes and her leadership in the team dedicated to this scope provides clarity and certainty in the decisions to be taken by us.

‘The lawyers at White and Case are excellent in the energy sector, amparo and administrative law.

‘Francisco de Rosenzweig is, from my point of view, the lawyer who knows the MOST about the electricity and hydrocarbon industry in the energy sector. For his part, Ismael Reyes Retana is an excellent trial lawyer.

‘One of the most robust teams with a very high quality of deliverables at all levels.

‘Francisco de Rosenzweig, excellent lawyer and person. Very solid knowledge. He also has a great management and coordination capacity, which makes him an exceptional support in the administration of the projects in which he has supported us. Daniel Franco – Very good lawyer, highly reliable.

‘Great team for litigation

‘It is always a plus that they answer your doubts effectively and it is something that they have done with the company.

Key clients

Sumitomo Mitsui Banking Corporation (SMBC)

Howard Energy Partners

Invenergy Mexico

Banco Sabadell Mexico

Work highlights

  • Advised Iberdrola Mexico on regulatory, transactional and litigation matters in connection with its generation projects in Mexico.
  • Advised Kansas City Southern of Mexico on regulatory aspects related to its permits for the transportation of oil products by rail.
  • Advised Diamond Generation Corporation Mexico on the regulatory aspects of its generation projects under the independent power producer modality and Energía Eólica del Sur’s self-supply wind farm.

Mexico > Projects and infrastructure Tier 2

International firm White & Case S.C.‘s Mexico office fields an eight-strong ‘team which is available and highly reliable, with organisational and management skills that become a great support in project management‘. The practice is primarily known for its work on transactions regarding upstream oil-and-gas assets in Mexico, project financings, and activity in the renewables segment, but also has long standing experience advising sponsors and developers on matters that span the full life-cycle of projects. Electricity regulatory specialist Francisco De Rosenzweig heads the department; he ‘knows the complex regulation, its interpretations as well as established contacts within the regulatory entities‘, and advises clients on projects in the energy, transactional, infrastructure and transport sectors. Additional senior capacity and expertise is provided by Jorge Kim, who specialises in hydrocarbons; and former Braskem Idesa GC, Juan Ruenes (promoted to partner in October 2022) who handles infrastructure development, project finance, asset finance and general corporate matters. At associate level, Juan Carlos Llorens Rojas  (project finance, government procurement, banking and energy project development), and Mariana Montemayor Alba (corporate law, energy related transactions, and the structuring of infrastructure and energy projects) are the names to note. However, associate Carlos Estrada moved in house as head of legal at Vitol in September 2021; and partner Roberto Rios moved to DLA Piper Mexico in January 2022.

Practice head(s):

Francisco de Rosenzweig

Testimonials

‘‘Team which is available and highly reliable, with organizational and management skills that become a great support in project management.

‘Francisco de Rosenzweig, excellent lawyer and person. Very solid knowledge. He also has a great management and coordination capacity, which makes him an exceptional support in the administration of the projects in which he has supported us.

‘Francisco’s experience and deep knowledge of the regulations in the sector.

‘There are many lawyers who claim to have experience in energy law but few have dedicated and specific experience in the sector like Francisco who knows the complex regulation, its interpretations as well as  established contacts within the regulatory entities.

Key clients

Sumitomo Mitsui Banking Corporation (SMBC)

Braskem Idesa

Natixis

Vertex

Banco Nacional de Obras y Servicios Públicos

Work highlights

  • Advised Sumitomo Mitsui Banking Corporation and MUFG Bank, on the limited recourse financing for Operadora de Terminales Marítimas; the proceeds will be used by Operadora de Terminales Marítimas to construct a petroleum products terminal with a nameplate capacity of 1.1 million barrels to be located in the Port of Altamira, Mexico.
  • Advised Braskem Idesa, the owner and operator of the $5.2bn Etileno XXI petrochemical complex in Veracruz, Mexico, on the successful refinancing of its approximately $1.35bn project finance debt.
  • Advised Banobras and Fonadin (in its role as trustee of the Fideicomiso 1936 ‘Fondo Nacional de Infraestructura’) on the third refinancing of Ferrocarriles Suburbanos, the concessionaire of the public transportation system by railroad “Cuautitlán-Buenavista”; the restructure implied the acquisition by Banobras of the participation on the subordinated loan of seven European banks: Banco Santander, BBVA, Caixabank, Crédit Agricole, Société Générale, Instituto de Crédito Oficial y Kutxabank.

Mexico > Corporate and M&A Tier 3

Highly-valued for its ‘hands-on approach to each deal’ which gives clients ‘the peace of mind of being in the best hands’, White & Case S.C. ‘s Mexican corporate and M&A group boasts particular dexterity in cross-border M&A transactions, relying on the firm’s notable international footprint. iSquared Capital, Sempra Energy, Merama, Médica Sur and JP Morgan Mexico are some of the standout names that regularly instruct the practice led by Henri Capin-Gally, who garners praise for being ‘stellar when it comes to negotiating and implementing corporate acquisition schemes’. Work highlights include advising Kansas City Southern on its $31bn merger with Canadian Pacific. Sergio Márquez and associate Fernando Vázquez-Chelius Solís are other names to note. However, the practice has endured significant departures, notably those of former practice co-head Francisco García Naranjo, who moved to Mayer Brown Mexico, S.C. in July 2021; and those of Álvaro Garza-Galván and Mauricio Valdespino, who joined DLA Piper Mexico in January 2022. The practice also suffered the untimely demise of Vicente Corta in May 2022.

Practice head(s):

Henri Capin Gally

Testimonials

Henri Capin and Fernando Vázquez are stellar when it comes to negotiating and implementing corporate acquisition schemes.’

They are always available and provide very good service.’

They have solid knowledge in the field.’

Personalised attention, they have a “hands-on” approach to each deal that allows you to have the peace of mind of being in the best hands.’

Key clients

Kansas City Southern Mexico

iSquared Capital

Sempra Energy

Merama

Médica Sur

Konfio

Findep

JP Morgan Mexico

Te Creemos Holding

Kuspit Casa de Bolsa

Work highlights

  • Advised Kansas City Southern Mexico (KCS) on its merger with Canadian Pacific Railway (CP); under the merger agreement, CP agreed to acquire KCS in a stock and cash transaction representing an enterprise value of circa $31bn.
  • Advised Sempra Energy on its $5.81bn acquisition of the remaining stake in Infraestructura Energética Nova (IEnova).
  • Representing Merama in all of its Mexican M&A transactions.

Mexico > Dispute resolution: arbitration Tier 3

White & Case S.C.’s Mexico City team has been operating as part of the firms international arbitration practice for over two decades, and boasts a good reputation for its industry expertise in construction, oil and gas, mining, power and telecommunications. The team led by the ‘exceptionalRafael Llano continues to advise Telefónica in ICSID arbitration under the Spain-Colombia BIT, arising from a dispute in connection with the reversion of its assets in a telecoms concession; it is also representing  GEB and TRECSA in ICSID arbitration against the Republic of Guatemala. Francisco De Rosenzweig, who offers key support on energy-related matters; and Mariele Coulet Díaz, who was promoted to counsel in January 2022, and specialises in commercial and investment arbitration, are other names to note.

Practice head(s):

Rafael Llano

Testimonials

‘They are rigorous and become part of the company team.

‘Rafael Llano is exceptional. Mariele Coulet is a rigorous and committed associate.

Key clients

Telefónica

Daniel Kappes and Kappes, Cassiday & Associates (KCA)

Grupo Energía de Bogotá

Rutas de Lima

Red Eagle Mining

Work highlights

  • Counsel for Telefónica in an ICSID arbitration under the Spain-Colombia BIT, arising from a dispute in connection with the reversion of its assets in a telecoms concession.
  • Advising GEB and TRECSA on an ICSID arbitration against the Republic of Guatemala.
  • Advising Rutas de Lima on a big-ticket dispute related to a toll road concession in Peru caught up in a legal battle over the implications of broader corruption investigations involving the previous controlling shareholder.

Mexico > TMT Tier 3

The six-strong practice at White & Case S.C. is led by Ismael Reyes Retana Tello, a recognised specialist in telecoms regulation and administrative litigation in Mexico. Reyes and his team have played an active role in a wide range of significant cases in the telecoms industry, regularly working for clients such as Telefonica or Grupo Televisa and leading on their litigious and regulatory mandates, including regulatory disputes. The group is also skilled at handling telecoms-related financings and transactions. Other key practitioners include skilled litigator Fernando García; and associate Yuriria Galicia. However, partner Antonio Cárdenas joined DLA Piper Mexico and senior associate Pablo Vinageras joined Garrigues in Barcelonas (as counsel), in January and February 2022, respectively.

Practice head(s):

Ismael Reyes-Retana

Key clients

Pegaso

Operbes

Telefónica

Grupo Televisa

Cablevisión

Cable y Comunicación de Campeche

Weex (Comreloaded)

Virgin Mobile

Work highlights

  • Advising Virgin Mobile and Weex on the amendment to the Federal Telecommunication and Broadcasting Act by means of which a registry with the personal and biometric data of the owners and users of mobile numbers is created.
  • Advising Pegaso regarding several regulatory and contentious proceedings before the Federal Telecommunications Institute and Federal Courts.
  • Advising Operbes in a constitutional appeal against the award granted by Mexico’s Social Security Institute to another telecommunications carrier.

Mexico > Bankruptcy and restructuring Tier 4

Described by one client as ‘a team that never rests’, White & Case S.C.'s Mexican practice is ‘always on top of matters and willing to defend the interests of its clients’. Enrique Espejel, who is frequently sought out by lenders and financial institutions, and offers his litigation skills for creditors in bankruptcy proceedings, is sole head of the practice following the untimely passing of Vicente Corta in May 2022. Work highlights include advising Altán Redes on the negotiations with its existing senior financial lenders in the context of the company's potential concurso mercantil in Mexico.

Practice head(s):

Enrique Espejel

Testimonials

‘A team that never rests. They are always on top of matters and willing to defend the interests of their clients.

‘Diego Mora is a star lawyer, there is no promotion or request that he makes that is not founded in law and, therefore, granted favorably. He is a capable attorney who manages to resolve matters with his excellent legal judgment.

Enrique Espejel is highly professional and is a great lawyer; in addition to this, he has a great capacity for synthesis and is able to explain complex issues in a clear and simple manner. His communication is very clear and he is also a great strategist.’

They have great availability and are highly professional. They make great use of technology and their response times are very fast. They have extensive knowledge of the subject matter and are also familiar with bankruptcy laws in other jurisdictions, so they are able to provide comprehensive advice for companies with offshore corporations.

Key clients

Altán Redes

Citibanamex

Continental

Fiemex

Work highlights

  • Advised Altán Redes on the negotiations with its existing senior financial lenders in the context of a potential concurso mercantil (bankruptcy) of the company in Mexico.
  • Advising Banamex on a bankruptcy proceeding involving several entities that made up the ALTA Group, the debts of which amounted to over MX$4bn.
  • Representing Continental on its role as a creditor of Grupo Famsa.

Mexico > Tax Tier 4

Following the January 2022 departure of former tax head Guillermo Aguayo  to DLA Piper Mexico, White & Case S.C. moved rapidly to hire Elizabeth González Gasca from Baker McKenzie Abogados, S.C. as a partner in May 2022. She now leads a compact practice that regularly handles matters related to M&A, project finance and capital markets transactions (either on a standalone basis or in conjunction with a transactional team), as well as demonstrating experience in negotiations with the authorities to obtain VAT refunds, and ability to manage litigation, transfer pricing, complex audits and financial issues. González is flanked by experienced partners Jorge Kim whose former public sector expertise includes as General Director of Constitutional Disputes at the Federal Tax Prosecutor’s Office of the Ministry of Finance, as Head of the Tax Law Unit in the Ministry of Finance, and as General Counsel of the Instituto Mexicano del Seguro Social; and skilled litigator Ismael Reyes Retana Tello. Senior associate Juan Ignacio López left the firm in April 2022. Since publication, the practice group has been further strengthened with the arrival corporate, international and transactional tax specialist, Carlos Martínez, from Creel Abogados, SC – effective as of November 2022.

Practice head(s):

Elizabeth González Gasca

Latin America: International firms > International arbitration

White & Case LLP leverages its extensive client relationships and networks across Latin America to provide high-level investment and commercial arbitration support across the region. With more than three-decades’ experience in the Latin American market the ‘committed’ international arbitration team ‘works hand-in-hand’ with clients, doing so ‘with the greatest rigour’; as a result, it has built significant scale in the region. This has enabled the practice to take on a broad range of arbitration disputes across multiple sectors, with particular strength in energy, natural resources, financial services, technology and transportation matters. The ‘deeply impressive and knowledgeableJonathan Hamilton   in Washington DC fronts the firm’s Latin American arbitration practice, with the highly respected global head of international arbitration Abby Smutny  providing further senior leadership input. ‘Excellent professionals’ Ank Santens   and Rafael Llano  (based in New York and Mexico City, respectively), are praised for their ‘deep knowledge’ and are among the many senior names on a deep roster of talent. Silvia Marchili , who divides her time between Houston and Miami, focuses on complex investment and commercial claims, while Washington DC-based Francisco Jijón  handles ICSID and UNCITRAL-governed matters and also handles commercial arbitration and litigation in various forums and arbitrations before US courts. Jorge Mattamouros  in Houston is best known for his work in Brazil’s oil and gas sector. The practice has expanded its senior ranks with the promotion of Lucas De Ferrari  (in Paris) and Sven Volkmer  (in New York) to the partnership; and that of Mariele Coulet Díaz  to counsel in Mexico City. A strong pipeline of counsel and associate-level talent includes rising star Michelle Grando  and Alejandro Martínez de Hoz  in Washington DC; Estefania San Juan  in Miami; and Madrid-based Ignacio Madalena  (primarily on Spain-LatAm related matters). Since research concluded, San Juan has been raised to the partnership, effective October 2022.

Practice head(s):

Jonathan Hamilton; Abby Smutny

Testimonials

‘Ank Santens and Rafael Llano are excellent professionals with a deep knowledge of their industry. We have a high level of trust in their advice.’

‘A committed team that works hand in hand with the client with the greatest rigour.’

‘Rafael Llano is outstanding in his strategic approach.’

Key clients

Daniel Kappes and Kappes, Cassiday & Associates (KCA)

Webuild

Red Eagle Mining

Telefónica

Rutas de Lima

Zurich Insurance Company

Zurich South America Invest

Eldorado Brasil Celulose

PT Ventures SGPS

MetLife

Mitsui & Co

Work highlights

  • Represent Daniel Kappes and Kappes, Cassiday & Associates (KCA) as claimant in an ICSID arbitration against Guatemala in relation to the suspension of operations at a mine in the country.
  • Acting for WeBuild in a treaty arbitration against Panama in connection with the high profile $5.5bn Panama Canal expansion project.
  • Represent Red Eagle Mining, as claimant, in ICSID arbitration against Colombia brought under the Canada-Colombia BIT and concerning claims of governmental expropriation of one of three gold mining concessions located in an environmental preservation zone, along with related financial losses.

Latin America: International firms > Banking and finance

White & Case LLP continues to impress in the market thanks to its consistent prominence in corporate lending, acquisition financings, restructurings and distressed financings, and project finance. It has an extensive geographic focus with sizeable teams in Sao Paulo, Mexico City, Miami and New York. With the growth in US-dollar financings in Brazil, the firm has achieved substantial growth in Sao Paulo and its other Latin America-focused offices; Sao Paulo executive partner and native Portuguese speaker John Anderson led the team that advised Petrobras on a $5bn revolving credit facility. Moreover, the practice continues to be at the forefront of renewable energy project financings in key markets such as Chile, Mexico and Colombia, and is a growing force in transport infrastructure financings in Paraguay and elsewhere. Carlos Viana leads the Latin America practice and is at the forefront of energy and infrastructure financings throughout Latin America. New York partner Sabrena Silver is a key figure in acquisition and structured financings and Chris Hansen is a leader in Latin America aviation finance. Richard Kebrdle is experienced in Latin America restructurings and Anna Andreeva is another key name across bank, acquisition, project and structured finance along with equipment financings and leasing. Adrian Leal and Mexico City’s Fernando Vázquez-Chelius Solis impress at associate level. All individuals are based in Miami unless stated otherwise.

Practice head(s):

Carlos Viana

Testimonials

Extraordinary knowledge of the partner and associates of the W&C team on collateralized debt transactions with credit assets. They have extensive knowledge of the credit business, finance, and the legal side of transactions. In my experience, it has been the best legal team I have ever worked with. High knowledge of the business and an efficient ability to optimise resources.

The firm highlights the ability of the partner, Sabrena Silver, in not only giving legal advice but also business and strategic advice in the transaction given her experience. It has strong positions that guarantee to find the best transaction for the client. They have a much more strategic vision than their competitors and an extraordinary knowledge of this type of business. Outstanding partner: Sabrena Silver. Qualities: Efficient use of costs, great experience, ability to go further in consulting to create a positive impact on the company.

The team of White & Case is extremely experienced and with deep knowledge of the sector. During the transaction they were advising our company they showed high capabilities and lot of proactivity to search solutions in every single stage of the process. The overall opinion about the firm is excellent.

Stand out partners: Carlos Viana, Thomas Pate, Jeannine Acevedo, John Anderson and John Guzman.

‘Stand out associates: Adrian Leal.

‘They have the ability to quickly understand complex financing structures and translate them into legal documents.

Sabrena Silver and Fernando Vázquez stand out for their speed in preparing legal documentation. The timely follow-up of post-closing issues has been decisive in building a long-term relationship.

Key clients

Ad hoc bondholder group of LATAM Airlines Creditors

Aerovias de Mexico

Arroyo Energy Investment Partners

Alfa Desarrollo

Banco BTG Pactual

Banco Bradesco

Banco de Credito de Peru

Banco do Brasil

Banco Nacional de Desenvolimento Economico e Social (BNDES)

Banco Santander

Banco Votorantim

Bankunited

Bank of America

Bank of China

Bank of Nova Scotia

Bayport Management

BNP Paribas

BP Bunge Bioenergia

Caramuru Alimentos

Citibank

Citigroup Global Markets

CSN Mineração

Deutsche Bank AG London

First Citizens Bank

HSBC Bank USA

KfW IPEX-Bank

ING Bank

ING Capital

Instituto de Crédito Oficial

Itaú Unibanco

JPMorgan Chase Bank

Kavak

Metrobank

Mizuho Bank

Moneda Deuda Latinoamerica Fondo de Inversión

Morgan Stanley

MUFG Bank

Oaktree Capital Management

Pesquera Exalmar

Petrobras

Prival Bank

Rabobank

Sumitomo Mitsui Banking Corporation

Work highlights

  • Represented Arroyo Energy Investment Partners on the acquisition by its investment vehicle Inversiones Arco 4 of the equity interests of Gasmar from Empresas Gasco and Abastible.
  • Represented Alfa Desarrollo, as borrower and issuer, in the structuring and closing of the senior secured financing for Alfa’s $1.3bn acquisition of Colbún Transmisión in Chile.
  • Represented Petrobras in a $5bn revolving credit facility.

Latin America: International firms > Compliance and investigations

White & Case LLP has a highly developed Latin America practice, featuring a sizeable cohort of white-collar crime and investigations specialists. This central team includes a number of native Spanish speakers. The group frequently represents clients in connection with FCPA violation and accounting fraud allegations, among other big-ticket matters, and has deep experience in engaging with the DOJ and SEC. It has handled some of the biggest corruption cases ever seen in the Latin America region. Michael Garcia is unique in having an accounting degree, making him especially well-equipped in accounting fraud investigations, while he also has a fine record in FCPA violation allegations, particularly in Brazil and Mexico. Maria Beguiristain is another experienced Latin America specialist with a particular focus on Ecuador and Central America. New York partner Virginia Chavez Romano and Mexico City’s Enrique Espejel are also key names. Named individuals are based in Miami unless stated otherwise.

Practice head(s):

Scott Hershman

Testimonials

Very rigorous and strategically accompany the client. Build a relationship of trust.’

Maria Beguiristain is a very rigorous, attentive and knowledgeable partner of all compliance trends.

They are very present in Latam. They work a lot with listed companies and SEC angles.

Michael Garcia is the main name for me. He is very clear and straightforward.

Key clients

JBS

Work highlights

  • Represented Brazilian meat-processing company, JBS, in its implementation of a global compliance program, related to a leniency agreement executed by JBS’s parent company following a high profile corruption investigation involving the former president of Brazil.

White & Case is an international law firm that serves companies, governments and financial institutions. Our long history as a global firm means we are uniquely placed to help our clients resolve their most complex legal challenges wherever they are.

Industries
Learn about the breadth of our industry experience
whitecase.com/law#industries

Practices
Explore how we deliver results for our clients
whitecase.com/law#practices

Regions
Discover where we work with our clients globally
whitecase.com/law#regions