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TORRE VIRREYES, PEDREGAL 24, 24TH FLOOR, COL. MOLINO DEL REY, MEXICO CITY, 11040, MEXICO
Tel:
Work +52 55 4748 0600
Fax:
Fax +52 55 4748 0690
Email:
Web:
www.creel.mx
Mexico City, Monterrey
Creel, García-Cuéllar, Aiza y Enríquez, S.C., Eduardo Flores, Mexico City, MEXICO

Lawyer rankings

Eduardo Flores

Tel:
Work +52 (56) 4748 0657
Email:
Web:
www.creel.mx
Creel, García-Cuéllar, Aiza y Enríquez, S.C.

Work Department

Capital Markets, Banking and Finance and Investigations and Compliance.

Position

Eduardo Flores is a partner in Mexico City offices. His practice focuses on Capital Markets, and Banking and Finance and Investigations and Compliance matters.  

Mr. Flores has been involved in several investigation and enforcement actions brought by CNBV against issuers, broker-dealers, price vendors, mutual funds and directors and employees of such entities, related to insider trading, market manipulation, disclosure of misleading information, accounting fraud, among others. During his tenure, the CNBV implemented several new procedure and mechanisms to improve the supervision of issuers and market participants in general, such as the issuers’ disclosure report (semáforo de emisoras) and XBRL taxonomy.

On July 2014, Mr. Flores was appointed Vice-president for Securities Supervision of the National Banking and Securities Commission (CNBV). In this position, Mr. Flores was in charge of the supervision of all securities market participants, including issuers, broker-dealers, mutual funds, rating agencies, introducing brokers, exchanges, central counterparties, central deposits, and price vendors. He was also in charge of authorizing all public offerings of securities in Mexico and the incorporation of mutual funds, in addition to participating in the drafting of all securities-related secondary regulation.

Career

He joined the firm in July 2017 and prior to his tenure at the CNBV he was a partner at the Mexico City Office of White & Case.

Languages

Spanish and English

Member

Mr. Flores is a memebr of Committee 2 (Secondary Market); the Inter-American Regional Committee; and the Infrastructure Working Group, all from the International Organization of Securities Commissions (IOSCO); of the Credit Rating Agencies Supervisory Core Colleges of Moody’s, Standard & Poor’s and Fitch; member of the Pacific Alliance supervisors’ committee, comprised by securities regulators from Chile, Peru, Colombia and Mexico. He is also a member of the International Bar Association (IBA).

Education

Mr. Flores obtained his law degree (JD) from Universidad Panamericana, Campus Guadalajara.


Mexico

Banking and finance

Within: Banking and finance

Historically focused on representing lenders, although increasingly active in assisting borrowers, the banking and finance practice at Creel, García-Cuéllar, Aiza y Enríquez, S.C. gives clients a ‘superlative’ service, with ‘immediate responses and deep specific know-how’. The firm is ‘expensive, but worth it’. The 33-strong team is the first port of call for large-scale, complex financing mandates, including syndicated loans, corporate financing, energy financing, real estate financing and transport financing (shipping and aviation). Carlos Aiza leads the team, acting mainly as a rainmaker; he is valued by clients for being ‘a strong strategist, with a profound knowledge that he is constantly updating’. Client and peer favourite Pedro Velasco had an active year, leading teams that advised Citibank, as agent, on a $284m financing; Crédit Agricole Corporate and Investment Bank, as administrative and collateral agent, on an $810m multi-jurisdiction secured syndicated financing in favour of McDermott International; and BBVA Bancomer, Goldman Sachs (USA) and Morgan Stanley Senior Funding, as arrangers, on a $400m super senior revolving credit facility granted to Atento. Giovanni Ramírez Garrido acted as counsel to Southern Cross Group subsidiary Tars Holding, as borrower, on a MXN$1.25bn syndicated financing for refinancing of existing debt and other corporate purposes; and Santander, as lender, administrative agent and security agent, on a MXN$2.26bn syndicated financing by several banks and other financial institutions in favour of Invercap Service Management. Lauded by clients for his ‘deep expertise and good client service’, Rodrigo Castelazo led a team that counselled Crédit Suisse (Cayman Islands branch) as collateral agent, administrative agent and lead arranger on a $42m credit to International Tug for the acquisition of vessels. Key support comes from Mercedes Haddad A, and associates Victor Gallegos and Emilio Aarun. Associate Andrés Barrosov is also noted. Eduardo Flores Herrera joined the firm as a partner in July 2017, having previously been Vice-President for Securities Oversight at the National Banking and Securities Commission; as did Iker Arriola (a specialist in development and financing of energy and infrastructure projects) and José Ignacio Segura (who has a specialisation in project finance and PPPs) in March 2018 from White & Case S.C.. Lender side clients include Banco Sabadell, Banco del Bajío, Bank of America, Barclays, Commerzbank, Deutsche Bank, HSBC, Inter-American Development Bank, Scotiabank and UBS; and, on the borrower side, Blackstone, BlackRock, FINSA, Grupo Lala, Grupo Mexico, Mexico Retail Properties, Prudential Real Estate Investors, and Walton Street Capital.

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