In 1991, the Mexican government authorised White & Case as the first global law firm to practice in the country under its own name. Since then, 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, real estate, projects and infrastructure, and dispute resolution.
As Mexico continues to undergo deep and rapid change, it is emerging as one of the world's most promising investment destinations. Significant changes in finance, energy, infrastructure, education and labor laws are on track to help Mexico realize its potential. With our thorough knowledge of Mexico's legislative reforms, we ensure that our clients are well-positioned to capitalize on opportunity.
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 reach 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.
In Mexico and around the world, our lawyers are known for their longstanding relationships with local business leaders, financial institutions, government and regulatory officials. We have advised international companies making acquisitions or developing projects in Mexico, as well as Mexican companies pursuing business abroad.
AWARDS & RECOGNITION
"White & Case's … offices set the benchmark for international breadth and are renowned for their legal and technical prowess."
"Clients enthuse about the level of service they receive."
Best Infrastructure Financing: Mexico 2014
(Oaxaca Dos and Oaxaca Cuatro Wind Farms in Mexico)
Project Bond Deal of the Year 2012
Project Finance for Best Renewable Energy Financing
"The 'unparalleled' White & Case s.c. is 'very knowledgeable with respect to local market issues, as well as cross-border law', and offers a 'depth of talent' and strong expertise across products, structured finance and securitisation."
"At a global level, White & Case is well-known for its international arbitration practice. At a local level, the [Mexico] office [has] an active disputes practice with particular strengths in bankruptcy, antitrust and telecommunications."
The Legal 500 2013
"White & Case has a very experienced projects practice group in Mexico. They have a strong team that has performed very well on demanding cases that required lots of attention to detail."
Chambers & Partners 2014
BlackRock and First Reserve, 2015
We advised BlackRock and First Reserve in their acquisition of 45 percent of TAG Pipelines Sur, which is currently developing the Ramones Phase II South Natural Gas Transportation System; and in their acquisition of 45 percent of TAG Norte Holding, which is currently developing the Ramones Phase II North Natural Gas Transportation System. Upon closing, this will be the first major PEMEX-sponsored midstream asset to be built in partnership with foreign capital since the approval of Mexico’s historic Constitutional Energy Reform in 2013.
The Royal Bank of Scotland México, S.A.
We acted as Mexican counsel to a group of managers of The Royal Bank of Scotland, S.A., Institución de Banca Múltiple (RBS Mexico), in their acquisition of RBS Mexico as well as other partners in the deal. Our representation included advice in the negotiation and drafting of the Stock Purchase Agreement with RBS, the Shareholders Agreement between the managers and the investors, and related ancillary agreements and documents. We also represented the purchasers, which concluded in obtaining the regulatory approvals from the CNBV and CFCE to close the transaction. This transaction represents the first management buyout of a Mexican banking institution.
State of Nuevo León
We represented the State of Nuevo León, the third-largest state in Mexico by gross domestic product, in its record-breaking US$2.8 billion public debt restructuring. The State of Nuevo León incorporated a master trust with proceeds of its entitled federal tax participations to set up a bankruptcy-remote payment vehicle to service the restructured debt. This demonstrates the substantial benefits to clients of our familiarity with the needs of global financial institutions and our track record as advisers of States across Mexico, guiding them in every stage of their most complex transactions, and our technical abilities at the intersection of bank finance and restructuring law.
Grupo Aeroportuario del Pacifico
We represented this leading Mexican corporation in the settlement of a 2-year corporate dispute involving a Mexican airport concession. The Firm's client, CMA, is an airport operator owned by the Spanish government. CMA was in a protracted dispute with the Spanish subsidiary of Abertis (Desarrollo de Concesiones Aeroportuarias). This was one of the most challenging legal disputes ever to be heard involving a publicly-held entity in Mexico. The case involved demanding legal, corporate and regulatory challenges and, with the Mexican government as the airport concession's regulator, was highly complex.
We advised Consorcio Comex on its US$480 million debt restructuring. Consorcio Comex is a leading Mexican paint manufacturer that undertook a collateralized debt restructuring for approximately US$480 million initially with two Mexican banks, HSBC México, S.A. and Banco Nacional de México, S.A. Our work on this major restructuring mandate demonstrates the depth of our familiarity with the full range of financial products involved. Our knowledge of global best practices in this field means we are able to help entities operating in Mexico in even the most sophisticated of restructuring mandates.
We advised Pfizer on the US$11.8 billion sale to Nestlé, S.A. of its global nutrition business, consisting primarily of Pfizer's infant formula products portfolio. The transaction involved interaction with Pfizer's legal, finance and regulatory teams, as well as with several local and overseas counsel to negotiate and draft the stock and asset purchase agreement on a global basis, and the respective agreements to implement the transaction locally in Mexico.
Our work also included advising on the substantial corporate and labor restructuring required to implement the sale. The deal is currently pending effectiveness in Mexico subject to regulatory approval.
Grupo Financiero Banorte S.A.B. de C.V. (GFNorte)
We acted as international and Mexican counsel to Grupo Financiero Banorte S.A.B. de C.V. (GFNorte), the third-largest financial services group in Mexico, in its record-breaking equity follow-on offering. This represents the second-largest equity offering ever made by a Mexican company and the largest equity offering ever made by a Mexican-owned company. The offering also set a record for the highest demand for a Mexican equity offering, with orders for US$8.5 billion. This deal is a clear example of our deep knowledge of domestic and global securities regulation. The transaction involved the participation of lawyers from our New York, São Paulo, Miami and Mexico City offices.