Manuel advises clients on matters including banking, securities and financial institutions, public debt, bankruptcy/insolvency and corporate reorganizations, as well as privatizations and asset sales.
He particularly focuses on security offerings in both local and international capital markets, helping clients to realize their ambitions for growth. Manuel has guided many clients through the challenges and issues which arise at each stage of significant transactions.
Manuel has participated in a variety of issuances under Regulation S and Rule 144A, not only for private issuers but also for government agencies. He has also been involved in subordinated notes for local banks, CKDs, securitizations and structured securities.
Manuel also has experience of advising clients on regulatory issues relating to local financial institutions, M&A transactions, restructurings and insolvencies.
Manuel has gained a detailed knowledge of the Mexican market through his advisory work over many years, and has also held a number of governmental and commercial roles. He has served as a member of the board of directors of several Mexican companies, including Aeromexico, Goldman Sachs México Casa de Bolsa, Kuspit Casa de Bolsa and The Bank of New York Mellon México.
Manuel has experience in handling the authorization process with local regulators for financial institutions with substantial operations in Mexico. He actively participates in the licensing of financial institutions. He also advises newcomers to the Mexican securities market, such as Goldman Sachs Mexico Casa de Bolsa and Kuspit Casa de Bolsa (the first Internet-based broker-dealer operating in Mexico) on obtaining regulatory authorizations.
Prior to joining White & Case in 2005, Manuel gained valuable experience of Mexican legal, financial and regulatory matters through a number of public roles. He was General Legal Director of Deposit Insurance at IPAB, Mexico's deposit insurance entity, where he participated in the design of the new deposit insurance system, as well as numerous other related activities.
Prior to this, he worked for the Mexican Ministry of Finance and Public Credit, where he gained experience in the drafting and negotiation of public external debt agreements, including the issue of bonds by the Federal Government. Manuel has also held roles in the General Direction of Banks and Savings and the Mexican Banking and Securities Commission.
He is also a former Professor of Corporate Law at Centro de Investigación y Docencia Económica (CIDE).
Advising The Bank of New York Mellon in the US$45 million sale of its Mexican bank subsidiary to CI Banco.
Advising Goldman Sachs in the regulatory process to obtain a license to establish and operate a broker-dealer in Mexico.
Advising SGFP México as issuer and Société Générale as guarantor in a series of dollar-denominated CBs ('Certificados Bursátiles') publicly offered in the Mexican securities market.
Advising Kuspit Casa de Bolsa in the regulatory process to obtain a license to establish and operate the first Internet-based broker-dealer operating in Mexico.
Sourcing Capital through Mexico's CKD, The Legal & Regulatory Bulletin, Emerging Markets Private Equity Association, 2012
Structured equity securities (CKDs) a new alternative for long-term financing, IFLR 1000: The Guide to the World's Leading Financial Law Firms, 2011, (co-authored with Vicente Corta)
Mexico Capital Markets