Eduardo Flores Herrera

Partner, Mexico City


“He is a true professional who is great to deal with and highly knowledgeable about capital markets matters.”
(Chambers Capital Markets, 2022)

“He is a great lawyer - he is leading the FinTech industry in Mexico.” (Chambers FinTech Legal, 2022)


Eduardo Flores is part of the Global Capital Markets Practice. He advises issuers and underwriters on public and private securities offerings, including real estate investment trusts (FIBRAs), Certificates of Capital Development (CKDs), securitizations and unsecured and subordinated debt. He has significant expertise working with financial institutions and fintech clients and also represents domestic and international lenders in a broad range of financings.

He is considered one of the most active lawyers in the new fintech ecosystem in Mexico and was actively involved in the negotiation of the secondary regulation under the Fintech Law.

Eduardo served as vice-president of Securities Supervision for the National Banking and Securities Commission in Mexico where he led the supervision of participants in the Mexican securities market. He also played a key role in the design, negotiation and drafting of the regulation of the Infrastructure and Energy Investment Trusts (FIBRA-E) and Investment Project Certificates (CERPIs), as well as the regulation allowing for a second stock exchange in Mexico.

Eduardo started his career at White & Case as an associate in 2003, he was promoted to local partner in 2013 and spent more than ten years working in the Firm's Mexico City office prior to joining the Mexican federal government in 2014.

Bars and Courts
Authorized to practice law in Mexico
Universidad Panamericana


Representative regulatory and Fintech transactions include advising:

  • The largest crypto exchange Latin America in securing the first-ever authorization granted under the Mexican Fintech Law, which represented a standard-setting transaction for crypto exchanges in Mexico*.
  • The largest fintech in Latin-American in the acquisition of a Mexican Sofipo, the first acquisition of a Sofipo by a fintech authorized in Mexico in recent years*.
  • Advising the largest retailer in Latin America, with more than 20,000 store locations in Mexico, in securing the authorization for an electronic payment institution under the Fintech Law*.
  • The largest Spanish financial group in a joint venture with a French financial group in connection with their global securities custody business*.
  • One of the largest payment processing companies in the world in a joint venture with a British financial group in connection with their acquiring business in Mexico*.

Representative capital markets and financing transactions include advising:

  • The second-largest asset manager in the world in their first ETF issuance in a emerging market, which follows the FTSE BIVA index, the main index of BIVA, Mexico's second securities exchange*.
  • A solar energy company in the first equity IPO in Mexico in more than three years, and the first equity IPO in Mexico's second stock exchange*.
  • The Mexican government in several offerings of insurance-linked securities (“catastrophe bonds”) in international markets, including the offering made jointly with the country members of the Pacific Alliance: Chile, Peru and Colombia*.
  • The largest Mexican financial group in a follow-on equity offering for US$2.6 billion, made in the Mexico through the Mexican Stock Exchange and in international markets pursuant to Rule 144A/Regulation S*.
  • The largest Spanish financial group in an exchange offer in Mexico and the U.S. for the shares of its Mexican banking subsidiary, including the listing of the shares of such Spanish financial group in the Mexican Stock Exchange, for approximately US$1.5 billion*.

*Matters worked prior to joining White & Case

Speaking Engagements

He has been a speaker at several industry events, including:

The Mexican Securities Institutions Association (AMIB)

The Issuers' Convention

The Pension Funds' Association (AMAFORE)

Private Equity Association (AMEXCAP)


Co-author of the Chapter "Innovations in Investment Instruments: The Trust Certificates as means to finance development", in the book "Ley del Mercado de Valores – Temas Selectos" published by Tirant lo Blanch in 2018.

Awards and Recognition

Band 1 Fintech
Band 4 Capital Markets
Chambers Latin America

Next Generation Partners 
Capital Markets
Legal 500 Latin America