Creel, García-Cuéllar, Aiza y Enríquez, S.C. > Mexico City, Mexico > Firm Profile

Creel, García-Cuéllar, Aiza y Enríquez, S.C.

Mexico > Banking and finance Tier 1

‘By far the best in this industry’ is how many clients see the vast practice that Creel, García-Cuéllar, Aiza y Enríquez, S.C. has dedicated to the banking and finance sector. ‘Committed to quality service at all levels’, and unwavering when it comes to ‘identifying and resolving complex situations’, the department advises an impressive mix of international and domestic lenders, borrowers, funds, banks, insurance companies and other financial entities in connection with a broad array of transactions – frequently involving innovative structures – including: cross-border and local single-bank and syndicated loan facilities; acquisition, structured and maritime financings; secured and unsecured financings; and high-level restructurings, project finance and derivatives. Nearly 40 professional -including eight partners- make up the impressive group, which ‘stands out for its knowledge and technical capabilities’ and always delivers ‘exceptional work’. Among its ranks are some of the most prominent names in this sector, including rainmaker Carlos Aiza who heads the department, along with key figures Giovanni Ramirez; Pedro Velasco; Emilio Aarun; Rodrigo Castelazo and Mercedes Haddad. The practice group also features an outstanding second line of senior associates, including Alejandro Isaac, who earns praise for being ‘pro-business and proactive’. However, former counsel Víctor Gallegos moved to Cervantes Abogados in July 2021.

Practice head(s):

Carlos Aiza


‘By far the best in this industry.’

‘A team committed to quality service at all levels. Their lawyers stand out for their knowledge and technical capabilities.’

‘Excellent lawyers in the matter. Fast, clear, exceptional work. Proactive, committed and efficient. Responsiveness in identifying and resolving complex situations.’

‘Billing is clear. Not cheap, but the service is worth it. They are very fast and efficient. The work is excellent and the material they produce is clear and structured.’

‘The team is totally harmonized and coordinated. Associate Santiago Aguilar is  precise and very professional. His work is exceptional. Senior associate Alejandro Isaac is an expert on the matter, and has total knowledge and control of the issues. He is pro-business, proactive and direct. An excellent lawyer. Partner Pedro Velasco is always on top of the matter. Emilio Aarún is an excellent lawyer and offers an excellent service.’

‘The response times and solutions provided by the team are always efficient and they have a lot of experience in all the matters consulted.’

‘The efficiency with which they work, the handling of the issues consulted and the attention times.’

Key clients

Apollo Global Management

Crédit Agricole

Carestream Health


Impulsora del Desarrollo y el Empleo en América Latina, and Promotora del Desarrollo de América Latina.

Inter-American Investment Corporation (IDB Invest)

JP Morgan Chase Bank

Grupo Financiero Banorte



Metropolitan Tower Life Insurance Company

Deutsche Bank

Alpha Holding

Work highlights

  • The design and implementation of a financing structure backed with resources from the Fondo de Estabilización de los Ingresos de las Entidades Federativas, and advance payments, from the Mexican Federal Government to the Mexican States, of shares of the federal tax collection.  
  • Design and implementation of a financing structure to provide funding to the fifth energy and infrastructure investment trust known as FIBRA-E.
  • Represented Apollo Global Management in connection with the $1bn senior secured superpriority multi-tranche debtor-in-possession (DIP) term-loan facility granted to Aeromexico.

Mexico > Capital markets Tier 1

Standing strong at the forefront of the market in Mexico for capital markets deals, Creel, García-Cuéllar, Aiza y Enríquez, S.C.'s sizable practice garners praise for its ‘high level of work and commitment. Steering the ‘proactive and open-minded’ department we find senior partner Carlos Aiza, a top choice for issuers and underwriters for advice on both debt and equity transactions. He is closely supported by a group of experienced partners, including Mercedes Haddad, experienced in advising sponsors on public listings of capital development certificates (CKDs) in Mexico; Rodrigo Castelazo, who is praised for his ‘deep knowledge of the regulation’; Carlos Zamarrón, who boasts a high level of expertise in both capital markets and banking and finance; and Eduardo Flores, considered by one client as ‘the best partner to execute a capital markets transaction in Mexico’.

Practice head(s):

Carlos Aiza


‘They are the most experienced team in the market regarding matters related to structuring private equity funds, both in the public markets through CKDs or CERPIs and through private vehicles’

‘The combination of knowledge of capital markets regulation and his complete availability and involvement at all stages of the project make Eduardo Flores the best partner to execute a capital markets transaction in Mexico’

‘High level of work and commitment’

‘Quality and knowledge. I would highlight Eduardo Flores and Jorge Escalante’

‘In-depth knowledge of capital markets. Proactive and open-minded to solve any problem, without beating around the bush and with a language suitable for non-lawyers to understand. Diligent and quick to respond, and with a very pleasant team to work with’

‘I would highlight Carlos Zamarrón, Jorge Correa, Rodrigo Castelazo, Luis Salomon, Christian Dorantes’

‘Rodrigo Castelazo and Andres Barroso showed at all times a deep knowledge of the regulation, as well as a great willingness to discuss ideas and improve the legal structure of the operation’

‘Creel has a large number of partners and associates who cover transactional issues related to our equity and debt needs. They stand out as a full-service firm covering all possible legal angles for a company in the Mexican public market”

Key clients

Promecap Acquisition Company

FIBRA Prologis

Cox Energy América

Impulsora del Desarrollo y el Empleo en América Latina

J.P. Morgan


Casa de Bolsa Banorte

Casa de Bolsa BBVA Bancomer

Citigroup Global Markets

El Puerto de Liverpool

Grupo Rotoplas


Scotiabank Inverlat


Beel Infra


Afore Sura


Lock Capital Solutions

Credit Suisse Asset Management

Work highlights

  • Acted as counsel to Acosta Verde’s listing in the BMV and the reverse merger of PAC as extinguished merged entity, with Acosta Verde as surviving entity.
  • Acted as special Mexican counsel to Cox Energy in the IPO of the renewables company.
  • Advised Telesites and Opsimex on the Mexican real estate investment trust designed to invest in telecom towers and on the first IPO in the telecom industry in Mexico.

Mexico > Competition and antitrust Tier 1

An outstanding full-service firm with a ‘tremendous antitrust team’, Creel, García-Cuéllar, Aiza y Enríquez, S.C. houses a 25-strong practice (comprised of ‘excellent experts’), which demonstrates impressive prowess handling all types of case before the competition authorities (COFECE and IFT), from pre-merger filings, to investigations, administrative procedures and constitutional (amparo) proceedings, as well as leniency applications, advocacy work and dawn raid-related issues. The practice is led by ‘top tier practitionersLuis Gerardo García, who is deeply experienced and specialises in merger control matters; the ‘phenomenalCarlos Mena-Labarthe, who has a solid background working for the competition authority; and Mauricio Serralde. A strong second line of practitioners includes counsels Sara Gutiérrez, who handles antitrust investigations and litigation; and Jorge Kargl, who specialises in competition, antitrust and TMT. Recent work highlights include advising Uber and Cornershop on Uber’s $409m acquisition of the majority of shares in the retailer, which represents the first platform-platform deal ever reviewed by the Mexican regulators. Since publication, Kargl has been promoted to the partnership – effective January 2022.

Practice head(s):

Luis Gerardo García; Carlos Mena-Labarthe


‘The team is composed of excellent experts, they make themselves available and make the difficult link between the Mexican authorities and their requirements with the international firm’s objectives and understanding of the local situation.’

‘Edgar Martin Padilla is a very good expert, remains available even considering different time zones. On the top of that, Mauricio Serralde is key in delicate moment of a merger to have appropriate touchbase with the authority and who clarifies the situation.’

‘A tremendous antitrust team.’

‘Carlos Mena has a lot of experience.’

‘What makes the practice unique is that it combines expertise in international foreign investment protection and international arbitration with antitrust and amparos. In this way, they analyse the effects of regulatory changes in electricity in a comprehensive manner.’

‘One of their great qualities is that they are up to date in energy matters. As soon as changes arise, Creel’s lawyers design a strategy for their client, which is developed or adapted as necessary and as the authorities’ criteria are met.’

‘Sara Gutiérrez Ruiz de Chávez, Luis Jardón and Andoni Garza Austrich combine youth (high performance) and experience very well. They are people who know how to rescue, from the in-house and operational lawyers of the client companies, the valuable arguments to defend the client’s interests.’

‘Partner Carlos Mena Labarthe and counsel Jorge Kargl are phenomenal.’

Key clients





Apollo Global Management

Bain Capital


British Petroleum



General Atlantic

KKR & Co






Work highlights

  • Advised Uber and Cornershop on Uber’s acquisition of the majority of shares of Cornershop on a fully diluted basis; value: $409m.  
  • Counsel to Alstom on its $5bn acquisition of Bombardier Transportation, formerly owned and co-controlled by Bombardier and CDPQ; the transaction was subject to a six month long, in-depth investigation by COFECE.
  • Successfully represented Amazon in an ex officio investigation into potential relative monopolistic practices in the market of e-commerce platforms in Mexico; COFECE closed the file concluding that it had not found any evidence of anticompetitive behaviour.

Mexico > Corporate and M&A Tier 1

Market stalwart and stellar corporate powerhouse, Creel, García-Cuéllar, Aiza y Enríquez, S.C. -always a ‘guarantee of good service’- is a regular advisor to domestic and international blue-chip corporates and private equity funds, who regularly rely on the large department for their most business-critical matters, including mergers, joint ventures, restructurings, privatisations, and spin-offs. The practice group, which boasts a good combination of transactional expertise in private and public M&A, regularly garners praise for being ‘professional, dedicated and technically solid’. It comprises highly sought-after practitioners, including market-veteran Jean Michel Enríquez (M&A, private equity and capital markets); Eduardo González (M&A and other complex transactions); Carlos del Río, who also has broad experience on investments into the Mexican real estate sector; Jorge Montaño, who specialises in corporate and commercial advisory, as well as in private equity transactions across varied sectors; Humberto Botti (M&A, private equity and capital markets), and practice co-head Iker Arriola, who in 2020 advised Grupo Financiero Banorte in its joint venture with Rappi for the creation of a digital bank.

Practice head(s):

Jean Michel Enríquez; Iker Arriola


‘Creel’s team is always professional, dedicated, technically solid and offers a top service to its clients’

‘Hiring Creel is a guarantee of good service. Creel has adapted well to the new reality with technology and remote services’

‘The prestige and technical quality of their partners and lawyers is what makes them stand out. Leonel Pereznieto and Eduardo González are especially outstanding’

‘Excellent law firm. M&A and specialty groups work seamlessly together. Very client friendly and hard working’

‘Jorge Montaño and Santiago Sepulveda are superstar lawyers. Both are extremely smart, very experienced and able to give legal advice in a practical and commercial way. Diego Barrera is an up and coming lawyer who is very capable and shows incredible promise’

Key clients

Apollo Global Management

Canada Pension Plan Investment Board

Cerberus Capital

Grupo Axo

Glisco Partners

Grupo Financiero Banorte

Ontario Teachers’ Pension Plan


Steel Dynamics

Univar Solutions

Bupa Mexico

China’s State Power Investment Corporation (SPIC)

Work highlights

  • Advised Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan on the acquisition of at least 40% of the shares of Ideal’s portfolio comprising 18 infrastructure concessions in Mexico, as well as an electronic toll collection and operations services business; estimated deal value $2.2bn.
  • Advised Grupo Financiero Banorte on the negotiation, structuring and execution of a strategic alliance agreement with Rappi by which both firms will become 50% owners of a newly digital bank; estimated value: $355m.
  • Counsel to China’s State Power Investment Corporation (SPIC) on the acquisition of Mexican renewables firm Zuma Energía.

Mexico > Environment Tier 1

Maintaining steady growth in recent years, the eight-strong environmental practice at Creel, García-Cuéllar, Aiza y Enríquez, S.C. is well known for its expertise assisting on the environmental aspects of mergers and acquisitions, financings and other real estate and business transactions, as well as in energy and infrastructure projects. With environmental and real estate expert Carlos de Icaza at the helm, the team also shows good capabilities handling regulatory matters, compliance and administrative litigation. Recent work highlights include advising Grupo Celanese on the environmental law aspects of closing a manufacturing facility in Poncitlán, Jalisco. Mid-level associate Alejandro Castelló is another key member of the team.

Practice head(s):

Carlos de Icaza


‘Creel is open to listen and review the client’s situation, needs and look for practical solutions. Availability, knowledge of international environmental standards, familiarity with corporate policies’

‘Responsive, pragmatic, smart’

‘Carlos de Icaza is an outstanding environmental partner. Impressively responsive, he’s up-to-date, direct, and commercial. Good about making sure he clarifies and understands what we’re after and focuses his efforts on responding to that, rather than what he guesses we might find useful, and he gets his team similarly aligned’

Key clients

Legacy Vulcan




Steel Dynamics

Aurora Capital Partners Management

Altamont Capital Partners

Instituto Tecnológico y de Estudios Superiores de Monterrey (Tec de Monterrey)

China Power Holding International Limited

White Summit Capital

Korea Electric Power Corporation, and Sprott Global Renewable Private Equity Fund III.

Northland Power

Work highlights

  • Advised Legacy Vulcan on various environmental aspects of CALICA’s operations in Mexico, including regarding an international investor-state claim arbitration.
  • Acted as counsel to Grupo Celanese on all federal, state and municipal environmental legal requirements applicable to the shutdown of its industrial manufacturing complex located in the municipality of Poncitlán, Jalisco.
  • Acted as Danfoss’s local counsel in Mexico in the purchase of the Mexico portion of Eaton’s Hydraulics business; globally, the deal was worth $3.3bn.

Mexico > Insurance Tier 1

Full-service firm Creel, García-Cuéllar, Aiza y Enríquez, S.C. has established a leading reputation in several fields of law and industry sectors in Mexico, and insurance is no exception. The six-strong practice, headed by Leonel Pereznieto, is a popular choice for insurers and reinsurers for assistance in M&A, finance, corporate governance, regulatory and day-to-day matters, and is also increasingly active in contentious insurance matters. Pereznieto, who also regularly guides global insurance, reinsurance and broker groups in connection with their local set-up and acquisitions, is closely supported by counsel María José Pinillos, who is also highly regarded and focuses primarily on transactions and regulatory compliance issues.

Practice head(s):

Leonel Pereznieto


‘The team has been very responsive, detail-oriented and precise from the beginning. Each member of the firm I have been working with so far seems to have a profound knowledge of its field of expertise’

‘Eduardo Gonzalez and Leonel Pereznieto are both highly competent and fun to work with in a sense providing confidence’

‘Leonel Pereznieto and Maria Jose Pinillos have a total and complete disposition at all times, extremely knowledgeable, even beyond their jurisdiction’

‘They are very knowledgeable about the operational side of insurance, day-to-day issues and practical matters that other firms struggle to understand’

Key clients

Ministry of Finance (Mexican Government)

El Águila Compañía de Seguros

Seguros Sura

MBIA Insurance Corporation

Axa Mexico


Arch Capital

Bupa México

Cardif México


Work highlights

  • Advised the Ministry of Finance on the structuring of a new Cat Bond sponsored by the World Bank and involving Swiss Re, including restructuring pre-existing frameworks due to the wind-down of the FONDEN catastrophic risk government trust.
  • Conducted the regulatory process required to secure the authorisation from the insurance Mexican regulator for Arch Capital to obtain indirect control of Coface Mexico.
  • Obtained the registration of Aspen Bermuda Limited with the Foreign Reinsurers Registry that is kept by the CNSF.

Mexico > Real estate Tier 1

One of the undisputed heavyweights of the real estate arena, Creel, García-Cuéllar, Aiza y Enríquez, S.C. houses a ‘hard-working, skilled, and thorough’ practice, 24-strong, which remains the go-to firm for many multinational and domestic developers, promoters, tourism and leisure companies and investors; including international real estate funds, Mexican CKDs, CERPIs and FIBRAs. In recent highlighted work, the team advised Telesites and its wholly owned subsidiary, Operadora de Sites Mexicanos regarding the first ever Mexican real estate investment trust designed to invest in telecom towers. The matter was led by Monterrey-based partner Badir Treviño-Mohamed, who according to a client is an ‘exceptional real estate attorney’. The renowned practice includes other outstanding practitioners such as Monterrey-based Francisco Montalvo, who co-heads the department together with Carlos de Icaza in Mexico City, whose solid real estate practice is strengthened by considerable expertise in environmental law; additional key figures include Carlos del Río (also in Mexico City), who specialises in acquisitions and divestitures, investments and joint ventures in Mexico across multiple industries and sectors; and ‘brilliant’ senior associate Alfonso Pulido.

Practice head(s):

Francisco Montalvo; Carlos de Icaza


‘The firm stands out for the depth, experience, and expertise of its real estate team. They have a a deep knowledge and understanding of the industrial and commercial real estate industry and are very thorough, efficient, and effective in their approach to transactions of this nature.

‘They always anticipate our needs and are great at identifying, assessing, and addressing risks.

‘Badir Treviño is an exceptional real estate attorney with strong legal-technical skills, a deep understanding and knowledge of the commercial and industrial real estate industry, and a commercial approach to transactions.

‘Alfonso Pulido is a brilliant real estate associate. He is thorough, diligent, responsive, and has many years of experience in real estate transactions.

‘Hard-working, skilled, and thorough team. Badir Treviño is very knowledgeable and has a deep commercial understanding and sensitivity.

Key clients

FIBRA Macquarie Mexico

Work highlights

  • Advised FIBRA Macquarie Mexico regarding the incorporation of a joint venture trust agreement, along with the incorporation of a special purpose vehicle and ancillary documents required to develop and manage an industrial park
  • Advised a FIBRA client on the acquisition of the Parque Grande industrial park located in the State of Mexico, Mexico (total surface area of 3.9m square feet).
  • Counsel to both the purchaser and the seller in a sale and leaseback transaction concerning a multi-jurisdictional portfolio including real estate located in Nuevo Leon, Mexico.

Mexico > Tax Tier 1

Creel, García-Cuéllar, Aiza y Enríquez, able to dissect matters methodologically’ and guide clients with a ‘stellar patience and professionalism through the tax landscape’. The department, increasingly innovative, can be characterised as a standalone tax practice within one of the country's corporate powerhouses. The sizable team of around 30 practitioners includes specialists in tax advisory, litigation and controversy, transfer pricing, cross-border transactions, social security and wealth planning. It is led by Alejandro Santoyo, who excels on the non-contentious side of the practice - particularly advisory on financial matters. He is closely supported by key partners Omar Zúñiga, who has a focus on international tax matters and advises multinational companies doing business in Mexico and Mexican companies operating abroad; Jorge Correa is focused on capital markets' transactions and their fiscal ramifications, while Luis Vázquez is a skilled litigator who specialises in cross-border matters, particularly the application of tax treaty benefits. The team can also draw on the expertise of an impressive second line including counsels Luis Salinas (a former head of the PRODECON), who handles tax controversy issues; and Laura Frías, whose practice centres on transfer pricing; and senior associate Eduardo Brandt.

Practice head(s):

Alejandro Santoyo


‘Alejandro Santoyo: a strong and reliable advisor assisting large international players. Jorge Correa: a tax talent with the ability to analyse and simplify complex matters. Omar Zuñiga: a reputable tax lawyer who advises many multinationals with a strong background due to his in-house tax experience. Luis Vazquez: very active in M&A transactions.’

‘Creel is able to dissect matters methodologically to guide us through the tax landscape and provide workable solutions to said matters. The performance of Jorge Correa and Luis Michel Sánchez is remarkable.’

‘Never ever did they lose their temper, their patience and professionalism in walking us through the tax landscape has been stellar, in addition to crisp and clear English, delivering complex ideas in layman’s terms.’

‘In our major deal-breaking matters, Creel was able to resolve the issue with solutions that are practical and pragmatic.’

‘Their internal communication, specifically between the legal-tax area and the accounting-tax area, is spectacular.’

‘There is no doubt that the team excels in this practice.’

‘I would highlight their ability to analyse a situation from many different angles to solve problems we encounter during the structuring of transactions, as well as the ethics and honesty with which they conduct all cases.’

Key clients

Apollo Global Management

American Express


Vista Oil & Gas



Grupo Nacional Provincial (GNP)

Fibra UNO

Banco Santander


Work highlights

  • Represented Apollo Global Management in connection with the $1bn senior secured superpriority multi-tranche debtor-in-possession (DIP) term-loan facility granted to Aeromexico.
  • Acted as Mexican counsel and tax advisors to Impulsora del Desarrollo y el Empleo en América Latina (IDEAL), and Promotora del Desarrollo de América Latina (PDAL) regarding the structuring of FIBRA-E, the implementation of its establishment and offering.
  • Advised Abertis Infraestructuras on tax matters regarding the acquisition of 72% of Red de Carreteras de Occidente and subsidiaries.

Mexico > Compliance Tier 2

Creel, García-Cuéllar, Aiza y Enríquez, S.C.‘s ‘highly specialised group‘, nine-strong, has ‘an excellent reputation and professional recognition’; it handles corruption and white-collar investigations, anti-money laundering, anti-corruption due diligence and compliance; as well as multi-sectoral compliance investigations and crisis management, among other matters. Steering the team are Leonel Pereznieto (who also heads the insurance practice); and Narciso Campos, who has experience working as assistant secretary for banking, securities and savings at the Ministry of Treasury, where he participated in the design and issuance of AML/CFT rules for financial institutions, as well as their interpretation. Senior associate Santiago Acosta, who ‘will undoubtedly go far in his career’, is another key asset of the team. Recent mandates have involved internal investigations, allegations of workplace harassment, anti-money laundering compliance and audits, and compliance due diligence. Since publication, Campos has left the firm to move in house - effective as of November 2021.

Practice head(s):

Leonel Pereznieto


‘They are a highly specialised group with an excellent reputation and professional recognition. Their response is always very agile, accurate and timely.’

‘The firm’s strongest point is its high specialisation and the quality of its professionals. Leonel Perez Nieto and Santiago Acosta’s attention is agile and timely.’

‘The team provides a very personal and attentive service, and they show complete dedication to their clients’ interests.’

‘Santiago Acosta is an excellent lawyer, very detailed and knowledgeable. He will undoubtedly go far in his career.’

‘They are very transparent in the way they work and in their billing.’

‘They really are a joy to work with.’

‘Creel demonstrated significant flexibility in adapting to the multi-jurisdictional needs of the case.’

‘The knowledge of financial regulatory issues is superior to that of other firms.’

Key clients

Herman Miller


Ontario Teachers’ Pension Plan/ Canada Pension Plan Investment Board

Northland Power

Smiths Medical

Fortive Corporation (Vontier Mexico)

Landec Corporation

Work highlights

  • Assisted with the compliance due diligence for the acquisition of a 40% equity participation infrastructure-concessions holding company, IDEAL.  
  • Assessment on anti-corruption and antitrust compliance risks and areas of improvement derived from our review of certain internal policies provided by Hitachi Auyomotive Systems.
  • Undertook anti-corruption and anti-bribery training sessions for all Northland Power Energia employees in Mexico.

Mexico > Dispute resolution: arbitration Tier 2

The arrival of senior market authority Thomas Heather is the latest addition to Creel, García-Cuéllar, Aiza y Enríquez, S.C.‘s arbitration practice, which mixes ‘great experience with very talented youngsters’, and for some is already ‘one of the top and most sophisticated teams in Mexico’. Heather is now in charge of steering the practice together with of counsel, and former vice president of the International Court of Justice in The Hague, Bernardo Sepúlveda. They both bring seasoned expertise to an arbitral practice focused primarily on commercial and investor-State work. Key senior practitioners include counsels Carlos Martínez Betanzos, who combines knowledge with ‘carefully crafted litigation and arbitration skills’, and focuses on high-end domestic and international commercial arbitration, investor-State cases, cross-border disputes and international law matters; and Héctor Anaya Mondragón, who in addition to his litigation activity, also undertakes both commercial and investment arbitration. Among the practice group’s second line of advisors, senior associate Luis Jardón is a stand out figure. Since publication, the firm has hired Elsa Ortega (arbitration and corporate/M&A) and Sofía Gómez Ruano (arbitration, mediation and data privacy) -the former founders of boutique firm Ortega & Gómez Ruano (OGR Law)- as partners (effective July 1st 2022), so as to further build out its strategic contentious capabilities.

Practice head(s):

Bernardo Sepulveda; Thomas Heather


‘Creel is a domestic and international powerhouse. Carlos Martínez is a very skilled arbitration practitioner and advocate. Hs combines deep knowledge of the underlying transactions with carefully crafted litigation and arbitration skills.’

‘The team mixes great experience with very talented youngsters. Hector Anaya Mondragon is a rising star’

‘Highly available, they are creative and come up with good ideas. They exceed the good expectations generated. The service offered is outstanding. Luis Jardón and Leonel Pereznieto stand out in particular. Both have a deep knowledge of the arbitral scene in Mexico.’

‘The practice is led by two giants in the field in Mexico like Bernardo Sepulveda and Thom Heather. They have a broad range of experience in both public international law/investor-state disputes and commercial arbitrations.’

‘A a very developed, experienced and respected international arbitration practice. Luis Jardón is an extremely reliable and prepared professional. He is the go-to lawyer for complex international arbitration matters in Mexico.’

‘It is a team of the highest standard in every way. Their writing and promotions are impeccable.’

‘Carlos Martinez and Luis Jardon have great experience in both commercial and investment arbitration. They have done an excellent job in an investment case in which we are co-counsel’.

‘The arbitration team has consolidated into one of the top and most sophisticated teams in Mexico, offering both top commercial and ISDS capabilities. Carlos Martinez stands out for his leadership and his unique international experience.’

Key clients

Legacy Vulcan (subsidiary of Vulcan Materials Company)

Live Nation Entertainment

Work highlights

  • Advising Legacy Vulcan in a “high-profile” NAFTA arbitration before ICSID against Mexico, as co-counsel with Covington & Burling.  
  • Advising Live Nation Entertainment as co-counsel with Latham & Watkins LLP, in an ICC arbitration over the termination of a $462m deal to acquire a majority stake in a Mexican promoter (the respondent).
  • Bernardo Sepúlveda is member of the Annulment Committee on the proceedings to annul an award issued by an investment Tribunal under the ICSID Convention and Arbitration Rules; the subject matter of the dispute involves natural gas liquefaction operations.

Mexico > Life sciences Tier 2

Knowledgeable regulatory experts with a strong business sense’ is how one client describes the eight-strong life sciences practice at Creel, García-Cuéllar, Aiza y Enríquez, S.C. The firm has a solid track record advising multinational companies on the regulatory aspects related to health regulation in Mexico for their corporate transactions. Begoña Cancino, who is also the head of IP, leads the department, which boasts notable expertise in data privacy, regulatory matters and administrative litigation. The latest additions to the team have also made their mark recently: counsel Guillermo Govela, a health regulation and administrative law specialist who has former experience at the Ministry of Health and at pharmaceutical products company Nadro; and mid-level associate Lizbeth Borquez. Also of note is the team's ability to draw on the firm's full-service capabilities to offer complete coverage of life sciences matters, covering the transactional, unfair competition, corporate, regulatory, disputes, IP and trade perspectives.

Practice head(s):

Begoña Cancino


‘They manage to harmonize the various legal and regulatory provisions that exist in a myriad of regulations on various subjects, making a comprehensive analysis that ensures consistency in the interpretation and implementation of legal recommendations’

‘Knowledgeable regulatory experts with a strong business sense’

‘They are a multidisciplinary team with expertise in all matters related to life sciences’

Key clients

Monster Beverage Corporation

Freshfields Bruckhaus Deringer LLP

Covington and Burling LLP / DC Office

Wilmer Hale, LLP

Colgate Palmolive

Bristol-Myers Squibb de México

Quiroga Advogados

FIFCO México

Covington and Burling LLP / LA Office

Evonik Industries de México

Work highlights

  • Provides legal and regulatory advice to a large multinational company on compliance with the new labelling and nutritional information requirements set forth by the modification of Mexican Official Standard NOM-051.
  • Provided advice and regulatory background on cannabis regulation in Mexico to a client.
  • Acts as Mexican counsel for an international pharmaceutical company on the Mexican legal regulatory framework regarding opioid regulation and liability.

Mexico > Projects and infrastructure Tier 2

Co-led by partners Santiago Sepúlveda and José Ignacio Segura (‘undoubtedly one of the best energy lawyers in Mexico’), the nine-strong practice at Creel, García-Cuéllar, Aiza y Enríquez, S.C. is regularly called upon by a broad mix of sponsors, developers, construction companies and lenders for the development and financing of infrastructure projects in sectors such as oil and gas, power (primarily renewable energy), petrochemicals, telecommunications, transport (including airports, rail and toll-roads) and water and waste management. Sepúlveda handles the structuring, development and financing of infrastructure projects, along with M&A and PE investments; while Segura focuses on the electricity and natural gas industries from both regulatory and transactional perspectives. Recent work highlights include representing China Power Holding International on the acquisition of a 100% interest in the renewable portfolio owned by Zuma Energía (composed of a 431MW onshore wind farm, a 50MW onshore wind farm facility, solar power plants of 125MW and 148MW, and three greenfield projects with an estimated aggregate nameplate capacity of 731MW. Key support comes from counsel, Vanessa Gimenez.

Practice head(s):

Santiago Sepúlveda; José Ignacio Segura Alonso


‘They are committed, professional and very diligent lawyers.Highly skilled, knowledgeable and at the same time creative and commercial in their approach to complex situations.’

‘They seem to be handling more and more energy and infrastructure sub-sectors.’

‘They maintain an excellent balance between public and private work.’

‘José Ignacio Segura is undoubtedly one of the best energy lawyers in Mexico.’

Key clients

China Power Holding International

White Summit Capital

Korea Electric Power Corporation, and Sprott

Global Renewable Private Equity Fund III

Monterra Energy

Northland Power

Work highlights

  • Represented China Power Holding International on the acquisition of a 100% interest in the renewable portfolio owned by Zuma Energía.  
  • Advised White Summit Capital and Riverstone on the acquisition of two Mexican PV projects: Viborillas (129.6MWp) and San Ignacio (25.02MWp). Approx. deal value: $56.5m.
  • Advising Monterra Energy on the structuring, development and financing of one of the first privately-owned fuel storage facilities, currently under construction in the Mexican port of Tuxpan.

Mexico > Bankruptcy and restructuring Tier 3

Thomas Heather, a recognised reference in the market for bankruptcy matters, who has undertaken the role of conciliator (insolvency trustee) in several insolvency proceedings, joined Creel, García-Cuéllar, Aiza y Enríquez, S.C. in 2021, providing a major boost to the firm's practice in this area. Led by partner Carlos Aiza, the department focuses on all non-contentious mandates related to corporate restructurings, financial restructurings, and bankruptcy and insolvency proceedings, including those involving complex financial situations and banking and finance structures. Key support comes from a talented group of finance and capital markets experts, including Pedro Velasco and Rodrigo Castelazo.

Practice head(s):

Carlos Aiza

Key clients

Apollo Global Management

JPMorgan Chase Bank

Crédit Agricole

Abengoa México

Corporación Tapatía de Televisión

ING Bank


Coöperatieve Rabobank

Société Générale

Banco do Brasil

Grupo Financiero Banorte

Credit Suisse

Work highlights

  • Acted as Mexican counsel to Apollo in securing a multi-tranche debtor-in-possession term loan facility (the DIP facility).
  • Acted as Mexican counsel to the recognised creditors under the insolvency proceeding of Abengoa.
  • Advising CTT (Corporación Tapatía de Televisión) on its financial restructuring with regards to publicly placed notes (certificados bursátiles) identified with ticker TV5 15 on the Mexican securities market.

Mexico > Energy and natural resources Tier 3

Undoubtedly one of the Mexican market's predominant forces, Creel, García-Cuéllar, Aiza y Enríquez, S.C., fields a nine-strong energy and natural resources practice that provides both transactional and regulatory services for a wide range of oil-and-gas, petrochemicals, power and renewables companies, as well as investment funds and others, regarding their structuring, procurement, acquisition, development, financing and operation of energy projects and energy infrastructure. Santiago Sepúlveda and José Ignacio Segura co-lead the practice; Sepúlveda has broad experience handling the structuring, development and financing of large energy, telecom and transport infrastructure projects; while Segura regularly represents clients on the negotiation of power purchase agreements as part of a broader transactional, regulatory and project finance-focused practice.

Practice head(s):

Santiago Sepúlveda; José Ignacio Segura


‘They master the legal practice in each sector/industry with a pro-business approach. They are always at the forefront, and their partners are always available to answer questions in person.’

Key clients

China Power Holding International

White Summit Capital

Korea Electric Power Corporation, and Sprott Global Renewable Private Equity Fund III

Monterra Energy

Northland Power

Work highlights

  • Represented China Power Holding International on the acquisition of a 100% interest in the renewable portfolio owned by Zuma Energía.
  • Mexican counsel to White Summit Capital and Riverstone on the acquisition of two Mexican photovoltaic projects – Viborillas (129.6MWp) and San Ignacio (25.02MWp).
  • Mexican counsel to Kepco and Sprott for the acquisition of an initial 49% interest in three solar photovoltaic projects – El Mayo (126MWp), Horus (119MWp) and Tastiota (125MWp).

Mexico > Labour and employment Tier 3

Creel, García-Cuéllar, Aiza y Enríquez, S.C. boasts a 13-strong practice, lauded for being a ‘great team with strategic and useful thinking, that adjusts to the needs of each client’. Steering the department, Francisco Peniche handles a mix of corporate support and standalone labour matters including advice on collective bargaining agreements, compensation schemes, training and litigation. Recent highlights saw him being summoned by both the Mexican Senate and Chamber of Representatives to comment on the legal implications of a structural reform to Mexico's Federal Labour Law regarding the subcontracting of personnel. Senior associates Julio Alvarez, who handles the coordination of transactional labour matters, and Alicia Abúndez (in Monterrey), who handles all the firm's social security-related matters, are also noted.

Practice head(s):

Francisco Peniche


‘A great team with strategic and useful thinking, that adjusts to the needs of each client. Francisco Peniche is very easy to work with. He understands well what we need, responds on time, adjusts to the needs of each situation, as does Julio Alvarez.’

‘They are our trusted law firm. Francisco Peniche has a level of expertise above the rest, in addition to a great service and promptness of response.’

‘The fact that they keep us informed about reforms or notes of interest in the labour world is an added value.’

Key clients

Apollo Global Management

Willis Towers Watson


Steel Dynamics

Colgate Palmolive

Bristol-Myers Squibb

Nucor Corporation


Agile Thought

ACCO Brands

Work highlights

  • Francisco Peniche was summoned by both the Mexican Senate and the Chamber of Representatives to comment on the legal implications of a structural reform to Mexico’s Federal Labour Law regarding the subcontracting of personnel.
  • Advised Apollo Global Management on the employment matters associated with a $1bn financing extended to Mexican airline Aeroméxico.
  • Advised Willis Towers Watson on the design and implementation of the harmonisation process of the significantly distinct compensation packages of five different legal entities with numerous different compensation categories, which involved approximately 300 employees scattered nationwide.

Mexico > TMT Tier 3

Creel, García-Cuéllar, Aiza y Enríquez, S.C. is frequently deemed the best option when it comes to complex and high-profile transactions in the TMT sphere, or with significant TMT aspects, as well as for matters on the concomitant regulatory and administrative side, along with data protection, disputes and representation before the regulators. The firm houses an ‘excellent, client friendly and very efficient’ practice group comprising noted experts who -not infrequently- become ‘strategic partners in TMT’, including: Luis Gerardo García, who specialises in TMT, antitrust and competition; IP specialist Begoña Cancino; corporate/finance all-rounder, Jean Michel Enríquez; and counsel Jorge Kargl, who assists clients in the telecom, broadcasting, satellite, entertainment, automotive, e-commerce and OTT industries regarding Mexican TMT law, regulations and authorisations. Since publication, Kargl has been raised to the partnership – effective as of January 2022.

Practice head(s):

Luis Gerardo García Santos Coy; Jean Michel Enríquez


‘They are excellent, client friendly and very efficient. Jorge Kargl and Luis Gerardo Garcia.’

‘The most outstanding thing about Creel is the level of knowledge and experience in the field and the communication they maintain with their clients. They perform excellently in project management and are always available. Carlos Mena Labarthe and Jorge Kargl have become our strategic partners in TMT.’

Key clients




Atos IT Solutions and Services






Credit Suisse





Grupo Financiero Inbursa




Live Nation Entertainment













Unities Alliance Group


Warner Bros


Work highlights

  • Counsel to HBO regarding its acquisition of HBO Ole Partners, the joint venture distributing HBO, Max and Cinemax channels in Latin America, as well as the separation of the JV’s distribution of third-party channels and networks.  
  • Advising Facebook on the regulatory framework applicable to its Workplace platform services in Mexico.
  • Counsel to Telesites on the creation and regulatory approvals (including from the IFT) of a real estate investment trust for its telecommunication-towers business.

Mexico > Dispute resolution: litigation Tier 4

With a growing market presence and profile, Creel, García-Cuéllar, Aiza y Enríquez, S.C.‘s dispute resolution practice stands out for its prowess primarily in high-end administrative litigation and arbitration. Drawing on the firm´s leading transactional department, the practice group led by partner Luis Vázquez and of counsel Bernardo Sepúlveda Amor represents clients from a wide range of sectors, including energy and natural resources, private equity, financial institutions and real estate. In addition, as a multidisciplinary firm, the practice can call on the support of specialists in the specific areas to which the litigation relates. The practice houses experienced litigators including the ‘highly efficient and very attentive’ Héctor Anaya Mondragón, who has notable capability handling cross-border litigation as well as amparo trials; and Luis Jardón, recently appointed counsel.

Practice head(s):

Bernardo Sepulveda Amor; Luis Vázquez


‘In dispute resolution they combine their expertise in antitrust, international and constitutional (amparo) law.’

‘A firm with great knowledge of many issues and their team as well, they generate confidence for the in-house team.’

‘Hector Anaya is highly efficient and very attentive. The level of knowledge of procedures, jurisprudence, remedies and strategies he offered was exceptional.’

‘The level of service is what makes this practice unique.’

‘What makes the litigation practice unique is the excellent teamwork between. Sara Gutiérrez Ruiz de Chávez and Luis Jardón and Andoni Garza. They get along very well, and complement each other perfectly.’

Key clients

Legacy Vulcan (a subsidiary of Vulcan Materials)

Work highlights

  • Representing a publicly-traded fund which the National Banking Commission ruled had allegedly incurred in conduct contrary to its provisions on financial matters, determining two fines with an aggregate total amount of MX$1,517,104.
  • Represented CALICA, the subsidiary of  Legacy Vulcan, in a serial of complex administrative litigations involving various Federal authorities that damaged its investment in a limestone quarry in the State of Quintana Roo.

Mexico > Intellectual property Tier 5

Partner Begoña Cancino runs the IP department at full-service firm Creel, García-Cuéllar, Aiza y Enríquez, S.C. One of the few sole female department-heads, she runs a robust practice that has been built up over her many years of experience in the sector and focuses primarily on intellectual property, data privacy, regulatory and administrative litigation. Supported by an eight-strong team -including counsel Guillermo Govela (health regulation and administrative law) and associate Lizbeth Borquez (life sciences and health regulation)- Cancino advises clients from a broad array of industries on the protection and enforcement of their IP rights in México, including the transfer of IP portfolios within the context of complex corporate transactions the firm frequently handles, and involving a variety of IP rights (such as trade marks, copyrights and appellations of origin). Concurrently, the team continues to gain presence in the IP litigation field. Since publication, Cancino has left the firm to become an independent advisor; leadership of the practice has been taken over by counsel Gaby Finkel, a July 2021 hire from Santamarina y Steta.

Practice head(s):

Begoña Cancino

Key clients

World Wild Life Found


Comercializadora SDMHC




Nestlé Servicios Corporativos

Riot Games

Nutrition Fact de México


Work highlights

  • Advised Banorte on the IP aspects of the client´s  joint venture with Rappi for the creation of a digital bank; deal value, $355m.
  • Counseled Riot Games on the protection of IP rights related to videogames (from both the trade mark and the copyright perspective), and also in connection with tournaments coordinated by the company worldwide.
  • Counseled El Aguila on all IP rights, particularly general trade mark protection, and the protection of non-conventional trade marks involving protecting the distinctive sound used by the company in its advertising materials.

Creel, García-Cuéllar, Aiza y Enríquez is widely recognized as one of the premier law firms in Mexico. Its leading practices are recognized in the market as dominating the mergers and acquisitions, finance, and capital markets legal fields, and its wide array of other practice areas, with specialized expertise, work closely together in a true partnership to provide clients with a unique team of attorneys with extensive knowledge to anticipate and resolve issues and efficiently achieve clients’ legal and business goals.

An award-winning, full-service corporate law firm which  has over 80 years of experience in providing international and domestic clients with technical excellence, knowledge of the market and unparalleled client service. The firm is a strategic service provider to clients with the most complex and demanding transactions and projects, affording them certainty and peace of mind. The firm provides innovative solutions to many of the largest, most intricate, first-ever market-leading deals in Mexico.

It has been influential in the development of cutting-edge legal products and financial instruments in Mexico. The deep understanding of clients’ business goals and the dynamics of multifaceted cross-border and domestic transactions, by internationally trained, bilingual attorneys, has long established a reputation for client satisfaction and the firm’s responsiveness and expertise. Creel, García-Cuéllar, Aiza y Enríquez is the firm of choice of prominent multinational and domestic financial institutions, industrial corporations, commercial enterprises, investors, international multilateral institutions, and rating agencies.

The firm’s practice areas include administrative litigation and claims, arbitration and dispute resolution, banking and finance, bankruptcy and restructurings, capital markets, corporate and commercial, employment and labor, energy and natural resources, environmental, infrastructure, insurance and reinsurance, intellectual property, investigations and compliance, mergers and acquisitions, private equity, pro bono, project development and finance, real estate, social security, tax, telecommunications, transportation.

Mexico City
Emilio Aarún  photo Emilio Aarún Mr. Aarún practices in the areas of banking and finance, bankruptcy and…
Mr Carlos Aiza  photo Mr Carlos Aiza Carlos Aiza is a partner with Creel, García-Cuéllar, Aiza y Enríquez, S.C. in…
Mr Humberto Botti  photo Mr Humberto Botti Humberto Botti is a partner in the Mexico City office. His practice…
Narciso Campos  photo Narciso Campos Partner
Mr Rodrigo Castelazo  photo Mr Rodrigo Castelazo Rodrigo Castelazo is a partner with Creel, García-Cuéllar, Aiza y Enríquez, S.C.,…
Mr Jorge Correa  photo Mr Jorge Correa Jorge Correa is a partner with Creel, García-Cuéllar, Aiza y Enríquez, S.C.…
Mr Jean Michel Enríquez  photo Mr Jean Michel Enríquez Jean Michel Enríquez is a partner in the Mexico City office and…
Mr Eduardo Flores  photo Mr Eduardo Flores Eduardo Flores is a partner in Mexico City offices. His practice focuses…
Mr Luis Gerardo García Santos Coy  photo Mr Luis Gerardo García Santos Coy Luis Gerardo García Santos Coy is a partner in the Mexico City…
Mr Eduardo González  photo Mr Eduardo González Eduardo González is a partner in Creel’s Mergers & Acquisitions and Private Equity…
Ms Mercedes Haddad  photo Ms Mercedes Haddad Mercedes Haddad is a partner in the Mexico City office. Her practice…
Mr Carlos Mena  photo Mr Carlos Mena Carlos Mena is partner in the Mexico City office. His practice focuses…
Mr Jorge Montaño  photo Mr Jorge Montaño Jorge Montaño is a partner in the Mexico City office, focusing on…
Mr Francisco Peniche  photo Mr Francisco Peniche Francisco Peniche Beguerisse is a partner in the Mexico City office head…
Mr Leonel Pereznieto  photo Mr Leonel Pereznieto As head of the Firm’s insurance and reinsurance practice Mr. Pereznieto is…
Mr Giovanni Ramirez  photo Mr Giovanni Ramirez Giovanni Ramírez Garrido is a partner in the Mexico City office and…
Mr Alejandro Santoyo  photo Mr Alejandro Santoyo Alejandro Santoyo is partner in the Mexico City office. His practice focuses…
Mr Santiago Sepúlveda  photo Mr Santiago Sepúlveda Santiago Sepulveda is a partner in the Mexico City office and leads…
Mr Mauricio Serralde  photo Mr Mauricio Serralde Mauricio Serralde Rodríguez is a partner in the Mexico City office. His…
Mr Luis Vázquez  photo Mr Luis Vázquez Luis Vázquez is a partner in the Mexico City office. His practice…
Mr Pedro Velasco  photo Mr Pedro Velasco Pedro Velasco is a partner in the Mexico, City office, where he…
Mr Carlos Zamarrón  photo Mr Carlos Zamarrón Carlos Zamarrón is a partner in the Mexico City office. His practice…
Mr Omar Zúñiga  photo Mr Omar Zúñiga Omar Zúñiga His practice focuses on Tax, where he specializes in tax…
Mr Carlos de Icaza  photo Mr Carlos de Icaza Carlos de Icaza has actively represented major industrial groups, real estate investment…
Mr Carlos del Río  photo Mr Carlos del Río Carlos del Río S. is a partner with Creel, García-Cuéllar, Aíza y…
Partners : 30
Other fee-earners : 200+