Mexico

About

The Mexican legal market demands reliable and knowledgeable lawyers who understand the constantly evolving landscape. Our lawyers offer to our clients this vital of knowledge, providing pragmatic insight gained from almost three decades of experience.

Since 1991, when the Mexican government authorized White & Case as the first global law firm to practice in the country under its own name, our Mexico City team has been offering clients insight on local, regional and global matters, particularly in the areas of corporate mergers and acquisitions, banking and financial services, financial restructuring and insolvency, capital markets, dispute resolution, arbitration, administrative, civil and commercial litigation, projects and infrastructure, energy and natural resources, tax and real estate.

More and more transactions are multijurisdictional—requiring counsel across multiple areas of law and geography. Our clients look to us for solid local insight combined with the global reach to help them achieve their most ambitious goals and overcome their most pressing challenges. We advise and support our clients through transactions that are among the largest and most complex in Latin America.

Our lawyers pay special attention to understanding the commercial objectives of our clients, and we help them reach those objectives in the most efficient and effective manner. We have advised international companies making acquisitions or developing projects in Mexico, as well as Mexican companies pursuing business abroad. To serve the best interests of our clients, our lawyers act in close cooperation with our other offices throughout the world, combining the Firm's global cross-practice and industry-specific experience with deep knowledge of local law.

AWARDS & RECOGNITION

Tier 1: Capital Markets
The Legal 500, Mexico, 2019

Band 2 for Capital Markets, Corporate M&A, Banking & Finance, Bankruptcy & Restructuring
Chambers Latin America, Mexico, 2020

Standout recognition, the highest ranking, for creating BIVA, Mexico's second stock exchange
Financial Times Innovative Lawyers North America 2018

#1 in Latin American Arbitration
Latinvex, 2019

"They provide guidance on how the capital markets work, not only what the law says. They understand market practice and can make comparisons with how other markets work."
Chambers Latin America, Mexico, Capital Markets, 2020

"They work well as a team, take firm positions in order to defend the interests of the creditors and are very precise in the application of their legal knowledge."
Chambers Latin America, Mexico, Bankruptcy/Restructuring, 2020

An impressed client says: "They are diligent and internally they are very well co-ordinated. They are reliable and solid lawyers and it's a pleasure to work with them."
Chambers Latin America, Banking, 2020

Experience

Victory for Altán Redes, Preventing Threat to US$7 Billion Project
We represented Altán Redes in an amparo trial initiated by Rivada Networks and Spectrum Frontier against the bid award of the Red Compartida project (the largest telecommunications infrastructure project in Mexico's history), issued by the Ministry of Communications and Transportations (SCT) on November 17, 2016. Rivada was disqualified from the bid proceeding for not presenting the performance bond, and therefore decided to file an amparo lawsuit arguing that such documentation was not a substantial part of the technical proposal and that the authorities of the SCT were bound to request a clarification thereof prior to the disqualification. After nearly four years of trial, on June 4, 2020, a Collegiate Tribunal issued a favorable final judgment denying the amparo protection requested by Rivada Networks and Spectrum Frontier. In the light of the above, the bid award is now irreversible, and there are no potential risks to third parties, including investors and clients.

FEFA MXN 180 Billion Certificados Bursátiles Issuance
Representation of Fondo Especial para Financiamientos Agropecuarios (FEFA), a Mexican governmental development trust dedicated to agriculture, on four issuances of long-term debt certificates (FEFA 19 for MXN 2.04 billion, FEFA 19-2 for MXN 3.08 billion, FEFA 19-3 for MXN 2.4 billion, and FEFA 19-4 for MXN 2 billion). Additionally, we represented FEFA on its green bond issuance (FEFA 19V) for an amount of MXN 2.5 billion (at a TIIE floating rate plus a spread of 0.14%), being the first green bond in the Mexican market with forestall proceeds. The green bond was certified by Sustainalytics and the Climate Bonds Initiative. Furthermore, we assisted FEFA in the registration of its private short/long-term debt certificates issuance program with subsequent series, for an amount of up to MXN 180 billion, it being a record high authorization in the Mexican Stock Market.

Principal Afore Acquisition of MetLife Afore Capital
We represented Principal Afore, a Mexican retirement funds manager and an affiliate of the Principal Financial Group, in its acquisition of 100% of the stated capital of MetLife Afore.

BlackRock Acquisition of Citibanamex Asset Management Business
We represented BlackRock, Inc., an entity with approximately US$6 trillion in assets under management, on BlackRock's acquisition of the asset management business of Citibanamex, a subsidiary of Citigroup Inc. We also advised on the execution of a distribution agreement under which Citibanamex will distribute certain investment products offered by BlackRock. This transaction involved approximately US$35 billion in assets under management.

Comisión Federal de Electricidad Energy and Infrastructure Investment Trust
We represented the Comisión Federal de Electricidad (CFE), the national electric company of Mexico (100% owned by the Mexican government), as Mexican and New York counsel in the first publicly traded Fibra E (energy and infrastructure investment trust) focused on Mexico's electric transmission sector and the first publicly traded company sponsored by CFE. CFE Transmisión is the subsidiary of CFE, which owns the entire National Transmission Network (Red Nacional de Transmisión) and is currently the sole provider of public transmission services in Mexico.

New Stock Exchange in Mexico, BIVA
We represented Central de Corretajes in filing a request for the incorporation and operation of a new stock exchange in Mexico (Bolsa Institucional de Valores). This is an important milestone for the Mexican financial markets.

SAE MXN 3.5 Billion Sale of Sugar Mills
We represented the Mexican Asset Administration & Sale Agency (Servicio de Administración y Enajenación de Bienes, or SAE) in the design and implementation of the sale procurement process for the sale of nine sugar mills, which represent 22.2% of the Mexican sugar production market. After two procurement processes, in the third (and last) public auction process, SAE awarded a contract for a total amount of MXN 3.4 billion (approximately US$190 million) for the sale of the two remaining sugar mills, and received a 144% higher price than the initial reference price. The sale is one of the most important commercial transactions in SAE's history, and White & Case played a leading role in the vast range of corporate/M&A, procurement, regulatory and litigation issues raised in the process.