About

Number of years practice:

22

Principal practice areas:

Corporate Finance; Capital Markets; Banking; M&A

Bar admissions:

New York

Languages spoken:

English, Spanish, Italian

Notable recent cases for Arturo Carrillo include representing Citigroup, HSBC and J.P. Morgan, as dealer managers and solicitation agents, in a tender offer and consent solicitation for the outstanding debt securities of the Mexico City Airport Trust; representing Santander, as administrative agent and a lead arranger, BBVA Bancomer, as sustainability agent and a lead arranger, and nine other international banks in connection with an approximately US$1.1bn Sustainability Linked Revolving Credit Agreement entered into by Fibra Uno.

What differentiates your Mexico-facing practice from those of your US competitors and peers?

My leading experience in Mexico, particularly with private and public companies, investment banks and law firms sets me apart from many of my regional competitors. Specifically, my broad practice and complexity of the matters on which I advise has led to a very strong relationship with numerous Mexican companies.

What are the advantages and disadvantages of advising Mexico-based clients from an office in the United States?

We work closely with a number of banks and other financial institutions who have offices in Mexico, but maintain headquarters here in New York, so that remains a convenient advantage for US-based firms. A very important source of referrals for us is Mexican law firms. This source would be cut off if we were to open an office in Mexico.

What changes in the commercial and/or legal market do you anticipate in the 12 months ahead in Mexico?

Any change in the markets in Mexico will be tied to the López Obrador administration. The relative unpredictability in policymaking will lead to challenges for Mexican corporate issuers, with many ratings agencies considering the political situation when rating corporate issuances. That said, the largest corporate issuers are moving ahead with their ongoing capital-raising plans, and the appetite for Mexican corporate issuances is still strong. What remains to be seen is how the international investment community will view Mexican sovereign debt because of the government’s ongoing financial support of Pemex.

What influence will legal technology have on US/Mexico working practices in the future?

Legal technology allows us to deliver legal solutions in efficient, creative and innovative ways, while streamlining costs for the client.

What is your perception of in-house counsel’s priorities in terms of client service when working with US-based law firms?

In-house lawyers demand that you know the market and legal issues better than they do as they typically deal with a very high volume of deals from numerous jurisdictions at the same time.

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