Firm Profile > SOLCARGO > México City, Mexico
CORPORATIVO CITI CENTER
INSURGENTES SUR 1602, PISO 11 OFICINA 1102
COL. CREDITO CONSTRUCTOR, 03940 MEXICO
SOLCARGO > The Legal 500 Rankings
Bankruptcy and restructuring Tier 2
SOLCARGO stands out for ‘steady hand’ Fernando Pérez Correa’s role as comptroller, receiver or conciliator (insolvency trustee); he and Ritch, Mueller, Heather y Nicolau, S.C.’s Thomas Heather are the only lawyers in the Mexican market to have undertaken such a role. Clients describe the team as ‘balanced, creative, and talented at building consensus'; moreover, its 'lawyers are also detail-oriented, which can be critical, very competitive and specialised, and very focused on solving problems quickly’. Pérez Correa co-heads the practice with ‘passionate and committed’ Abimael Hernández who is admired for ‘his ability to deal with complex and abstract matters, even from different areas of the law, and for his high tolerance to long working-hours, excellent concentration and high dedication’. The team is acting as counsel to Turbo Limited in all the civil and commercial lawsuits related to its insolvency proceeding and associated negotiations with creditors, succesfully obtaining a a debt restructure and reorganisation agreement that achieved an 86% debt reduction. The team is also representing TGC Ingeniería in its insolvency proceeding, and Pérez Correa and his team have been appointed as receivers or conciliators in several insolvency cases, including in those involving ARC Internacional México, Presta-Melo, Stesso, Perforadora Oro Negro, and Integradora de Servicios Petroleros Oro Negro. In September 2019 the firm also hired experienced finance specialist Jorge Labastida from Thompson & Knight LLP, thereby adding further bench depth. The 15-strong practice group includes notable associates Zulima González and Patricia Cervantes.
Environment Tier 2
SOLCARGO has long had a strong focus on environmental law, developing an impressive track record of expert counsel on project development issues, permitting and audits, and litigation. The team is co-led by partners Gustavo Carvajal, who handles both contentious and non-contentious issues, and administrative litigation expert Juan Pedro Machado. Recent matters include representing the waste-to-energy company Sistemas de Tratamiento Ambiental in a $1m lawsuit against the Ministry of Environment concerning the issuance of an onerous Unique Environmental License. On the tourism side, the team successfully advised Icarus Aviation on the contested renewal of an Environmental Impact Authorisation for scuba diving with white sharks at the Isla Guadalupe Bioshpere Reserve.
Corporate and M&A Tier 3
SOLCARGO acted on over $410m worth of M&A transactions over the past year for a wide range of foreign and domestic corporates. The firm is also doing an increasing amount of work for funds clients, where co-heads Fernando Eraña and Luis González are experienced in venture capital and private equity work, respectively. A notable highlight was advising Newell Brands on the US$400m merger of two Mexican subsidiaries - Newell Rubbermaid de México and Sunbeam Mexicana - into one company. Senior associatea Juan Carlos Izaza Avila and Rodrigo Muñoz D are both noted. Other clients include Tenedora Reyor, Ideas y Capital UNO, and Dunross & Co.
Dispute resolution Tier 3
The versatile three-partner team at SOLCARGO has a good track record in commercial and administrative litigation, as well as international arbitration. In the latter, it has been involved in several significant ICC arbitrations, including representing the Comisión Federal de Electricidad on two multimillion-dollar claims related to power purchase agreements with independent power producers. On the litigation front it represented Japan Tobacco International in various proceedings against a former distributor, including the successful lifting of an injunction. The team is jointly led by Fernando Pérez Correa, José Covarrubias and Abimael Hernández.
Real estate Tier 3
Luis Gonzalez and Fernando Eraña co-head the seven-strong team at SOLCARGO, which offers a broad range of commercial real estate expertise integrated with adjacent areas -such as regulatory, environmental and administrative law and litigation- to clients primarily from the financial, energy, technology and infrastructure sectors. Recent highlight work for the team included advising Akivinta on the negotiation and documentation for the brokerage services for the sale of Hotel One, Hotel Villa Mexicana Club de Golf Balvanera and hotel Green Tower Mexico for a total of $80m; the Export and Import Bank of China on a facility agreement provided to a Chinese company for the purchase of land in Nuevo León for the development of an industrial park; Bertram on the due diligence process of the Mexican subsidiary of Perennials; and Mediamonks on the establishment of its Mexico City office in Polanco, as well as on its subsequent expansion to the La Condesa neighbourhood. González and Eraña are supported by associates Juan Carlos Izaza Avila, Rodrigo Muñoz D, and Carlos Ugalde. Other clients include A-Live and Compañia Casa Dragones de México.
Energy and natural resources Tier 4
SOLCARGO has a 'high quality' practice, particularly for regulatory, government procurement, environmental law, and litigation advice. The firm represents a broad range of public and private sector clients in the hydrocarbons, power, and renewable sectors. Recent mandates saw the team advise Biogas Technology Group on terminating an agreement for a biogas project in Tultitlán. Other clients include Seguro Energy Partners, Valeo Sistemas Eléctricos, and Enagas. Among key contats in the practice, José Covarrubias is 'a young partner with excellent skills and knowledge in the energy sector', and Juan Pedro Machado Arias who is noted for his contentious and non-contentious administrative advice.
Intellectual property Tier 4
SOLCARGO's IP group is praised by clients for its 'teamwork' and 'quick responses'. Guillermo Solórzano Leiro leads the eight-lawyer practice which handles patent and trade mark work for clients in the pharmaceuticals, technology, telecoms, media and entertainment industries. Recent mandates include successfully representing Landsteiner Scientific in denying Pfizer's request to the National Institute of Transparency to access confidential information. Other clients include Glenmark Pharmaceuticals and Sun Pharma de Mexico.
Latin America: International firms > International arbitration > Local practitioners of note (by country)
Claus Von Wobeser at Von Wobeser y Sierra, SC is a widely recognised arbitration specialist, acting as both arbitrator and counsel. The team also includes a number highly regarded practitioners such as Marco Venegas, Fernando Moreno and Adrián Magallanes. Recent caseload include a range of multimillion-dollar construction and commercial arbitration proceedings. SOLCARGO handles a steady stream of international arbitration, and recently represented Comisión Federal de Electricidad in two multimillion-dollar claims related to power purchase agreements with independent power producers. Fernando Pérez Correa is the name to note, and regularly sits as both arbitrator and counsel. González de Cossío Abogados, SC's Francisco González De Cossío is a recommended for acting as arbitrator and counsel in a range of domestic and international arbitration cases. Galicia Abogados S.C.'s Rodrigo Zamora is particularly noted for his expertise in infrastructure and construction-related disputes, and acts as both arbitrator and counsel; Cecilla Azar is 'a great expert in arbitration and ADR'. Wöss & Partners' Herfried Wöss regularly acts as counsel, arbitrator and expert witness, and is active in handling infrastructure and energy cases. Creel, García-Cuéllar, Aiza y Enríquez, S.C.'s Bernardo Sepúlveda Amor and Carlos Martínez Betanzos are also names to note. Fernando Del Castillo left Santamarina y Steta, and set up his own firm Del Castillo y Castro Abogados.
SOLCARGO > Firm Profile
Founded in 1995, Solorzano, Carvajal, Gonzalez y Perez Correa, S.C. (Solcargo) is a leading law firm in Mexico that provides sophisticated and commercially driven advice to leading local and international clients. A highly qualified team, with graduate and postgraduate education from prestigious universities in Mexico, the US and Europe, and working experience at tier 1 law firms across the world, assists Fortune 500 and multinational companies, including public and private investment organizations, banks, commercial lenders, fintech companies and other financial institutions.
Main areas of practice
Corporate/M&A: SOLCARGO has extensive experience assisting national and multinational corporations, banks, non-bank financial institutions and investment funds in various operations of mergers and sales of shares and assets.
Regulatory: SOLCARGO advises on environmental and agrarian regulation, government procurement, standardization and conformity assessment bodies, immunity, consumer protection actions, foreign and domestic corrupt practices and securities and fintech regulation.
Anti-corruption and anti-money laundering: SOLCARGO provides legal counsel to navigate the complex anti-corruption and anti-money laundering legal frameworks, assisting clients to meet the applicable legal requirements and to introduce their internal control mechanisms, with a risk-based approach, thus minimizing the risk of facing potential liabilities, litigation or administrative procedures for violating the legal framework.
Environmental: SOLCARGO advises on Mexican and international environmental law, specifically in relation to permitting and audits, project development and environmental litigation.
Finance: SOLCARGO advises commercial and development banks, investment funds and other financial institutions on their activities including domestic and cross-border financing.
Intellectual property: SOLCARGO offers clients a depth and breadth of expertise in practice areas including patents and trademarks; franchising and licensing; copyright, entertainment and media law; and IP litigation.
Life sciences and pharmaceutical: SOLCARGO’s life sciences and pharmaceutical practice offers complete representation including regulatory services, IP-related issues, the protection of clinical data, transactional work and litigation, the manufacturing, distribution, advertising, application approvals, clinical research and marketing of drugs, biotech drugs, biosimilar drugs, medical devices, alcoholic beverages, food, non-alcoholic beverages, GMOs, fertilizers and chemical products.
Dispute resolution: SOLCARGO’s litigation experience covers all types of civil, commercial and administrative matters including amparo proceedings. Also, the firm is a leading law firm in commercial arbitration, with a special emphasis on energy, investment and construction disputes.
Private equity and venture capital: SOLCARGO has been a pioneer in Mexico’s private equity arena. The team has substantial experience in strategic planning for sponsors, investors, entrepreneurs and fintech companies in matters such as fund formation, venture capital, growth capital, and other types of financing.
Real estate: SOLCARGO has extensive and proven experience in real estate law, advising clients on tourism and tourism resorts, as well as industrial, commercial and medical developments. The practice and expertise includes all phases of real estate development.
Energy: SOLCARGO offers a wide range of legal services for companies wishing to develop and implement energy infrastructure projects to participate in the wholesale electricity market and in the energy industry, as well as advice in projects related to the supply, transport and storage of fuels.
Bankruptcy: SOLCARGO has wide experience in bankruptcy and restructuring proceedings, advising the full panoply of participants (creditors and debtors) and acting as the conciliator or receiver (liquidator) appointed by the Federal Judicial Branch in Mexico.
|M&A||Luis Fernando González|
|Private equity and venture capital||Fernando Eraña|
|Real estate||Luis Fernando González|
|Regulatory||Juan Pedro Machado|
|Environmental||Carlos del Razo|
|Financial transactions||Fernando Eraña|
|Intellectual property||Guillermo Solórzano|
|Pharmaceutical and healthcare||Guillermo Solórzano|
|Dispute resolution||Fernando Pérez Correa|
|Mr Omar Aguilar Medrano||View Profile|
|Mr Gustavo Carvajal Isunza||View Profile|
|Mr José Covarrubias Azuela||View Profile|
|Mr Carlos Del Razo||View Profile|
|Mr Fernando Eraña||View Profile|
|Ms Eréndira Frías||View Profile|
|Ms María del Pilar Galván||View Profile|
|Mr Luis Fernando González Nieves||View Profile|
|Ms Zulima Gonzalez||View Profile|
|Mr Juan Carlos Izaza Ávila||View Profile|
|Mr Luis Armando López Linaldi||View Profile|
|Mr Jorge Alberto Labastida||View Profile|
|Ms Miriam Orozco||View Profile|
|Mr Fernando Pérez Correa Camarena||View Profile|
|Mr Christian Parra Pérez||View Profile|
|Ms Ixchel Pedraza||View Profile|
|Mr Arturo Rivera||View Profile|
|Mr Guillermo Javier Solórzano Leiro||View Profile|
|Mr Carlos Ugalde||View Profile|
|Ms Lidia Velázquez||View Profile|
|Mr Salvador Vivanco||View Profile|