Vicente Corta Fernández | White & Case LLP International Law Firm, Global Law Practice
 Vicente Corta Fernández
 Vicente Corta Fernández

Vicente Corta Fernández

Partner, Mexico City

T +52 55 5540 9602

T +52 55 5540 9600

E [email protected]

“Deep and valuable knowledge of all the authorities and agencies that are important to the banking business… [He] knows the industry better than anyone else and so his intervention and advice always makes a difference.”

The Legal 500, 2014

Overview

Vicente's practice focuses on the regulatory and transactional aspects of banking, project finance, securities and insolvency matters. His deep and wide-ranging knowledge enables him to offer clients comprehensive legal advice on a broad spectrum of complex financial issues.

The leader of the Firm's restructuring practice in México, Vicente has a strong track record leading high-profile restructuring projects in an array of business sectors. Clients he has represented praise his "particular strength in finding solutions to problems, which he does in a creative manner" (Chambers Latin America 2015). "He is an all-round lawyer who provides sound legal advice to his clients. He is reliable, technically strong, and able to understand the needs of international clients. " (Chambers 2017)

Vicente also guides clients through technically complicated derivatives, asset finance and regulatory and compliance issues. Combining a highly focused and thorough approach with an ability to give clear and pragmatic advice, Vicente's advisory practice spans a broad variety of corporate, civil and mercantile matters. Such cases include his successful handling of a number of high-profile shareholder disputes in México.

He also has an exceptionally strong track record in obtaining regulatory authorizations for the incorporation and consolidation of major Mexican financial entities, such as Mi Banco Autofin México, Banco Wal-Mart de México Adelante, Banco Amigo, CIBanco, Bancrea, Banco Fácil, Principal Grupo Financiero, Afore Coppel and Scotia Afore.

Vicente has developed a reputation as a staunch defender of his clients' interests, and he is unfazed by even the most challenging of problems. He displayed these qualities during his distinguished service to his country, developing and implementing difficult yet vital reforms to key financial institutions.

At the request of Mexican President Vicente Fox, he became President of the National Commission for the Retirement Savings System (CONSAR) and implemented a comprehensive reform of the pension system's legal framework and a major overhaul of investment rules. As executive secretary for the government's Bank Savings Protection Institute (IPAB), he won international acclaim for leading the comprehensive overhaul of México's banking system.

Vicente demonstrated a similarly committed approach in positions at the Ministry of Finance, where he was responsible for the legal aspects of the US emergency package to México during the 1995 debt crisis, the restructuring of toll roads and the design of the "Pidiregas" infrastructure projects.

The World Economic Forum named Vicente a Young Global Leader in 2006, a distinction only two other Mexicans received that year. Vicente has been a member or director on the boards of directors of numerous Mexican public sector financial entities, and has advised the World Bank and International Monetary Fund on international financial matters.

Bars and Courts

  • Authorized to practice law in Mexico

Education

  • Master of Laws, University of Warwick
  • Attorney at Law (Abogado), Universidad Iberoamericana

Languages

  • Spanish
  • English

Experience

Comisión Federal de Electricidad Energy and Infrastructure Investment Trust, 2018

Vicente represented Comisión Federal de Electricidad (CFE), the national electric company of Mexico, 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.

Principal Afore Acquisition of MetLife Afore, 2018

Vicente represented Principal Afore, a pension fund manager and subsidiary of Principal Financial Group Inc. (PFG), in its full ownership acquisition of MetLife Afore, S.A. de C.V., MetLife, Inc. 's pension fund management business in Mexico.

BlackRock Acquisition of Citibanamex Asset Management Business, 2017

Vicente represented BlackRock Inc. in its acquisition of the asset management business of Citibanamex, a subsidiary of Citigroup Inc., and the execution of a distribution agreement under which Citibanamex will distribute certain investment products offered by BlackRock. The transaction involves approximately US$31 billion in assets under management.

Grupo Financiero Banorte US$1.4 Billion Merger with Grupo Financiero Interacciones, 2017

Vicente represented Grupo Financiero Banorte in reaching an agreement to acquire, through merger, Grupo Financiero Interacciones. The acquisition included the banking, broker-dealer, insurance and asset manager subsidiaries of Grupo Financiero Interacciones. The merger is valued at circa US$1.4 billion.

Afirme Grupo Financiero Acquisition of UBS Bank Mexico, 2017

Vicente represented Afirme Grupo Financiero, in the acquisition of a 100 percent equity stake of UBS Bank México. Afirme is a leading Mexican financial institution in retail banking.

Bolsa Institucional de Valores Concession Title to Operate a Stock Exchange in Mexico, 2017

Vicente represented Bolsa Institucional de Valores (BIVA), Mexico's second stock exchange, and the first stock market to be created in México in more than a 100 years. Our team acted for BIVA at every stage of the complex process to obtain a concession title to operate a stock exchange from the Ministry of Finance and Public Credit (SHCP). The concession was granted in August 2017.

Fibra Shop Increase to Maximums for Debt Instruments Program, 2017

Vicente represented Fideicomiso Irrevocable (Fibra Shop), a Mexican real estate investment trust in the regulatory procedure to increase the maximum amount of a dual program established in 2015 to issue short- and long-term debt instruments in the Mexican market from MXN 5 billion to MXN 8 billion.

Fibra Shop MXN 2.662 Billion Acquisition of two Shopping Malls, 2017

Vicente represented Fibra in the acquisition of the shopping mall center Puerta La Victoria, owned by Abilia—Puerta La Victoria is a mixed-use shopping mall center located in the State of Querétaro—and in the MXN 1.032 acquisition of 35 percent of the Sentura shopping mall, a mixed-use shopping center located in Tlalnepantla, State of Mexico.

Syndicated Term Loan Facility for Alucaps, 2017

Vicente represented BBVA Bancomer, as administrative agent, collateral agent, sole bookrunner and lender, and a syndicate of lenders, in an MXN 850 million syndicated term loan facility granted to Alucaps Mexicana, and Alucaps Mexicana de Occidente, as co-borrowers.

Grupo Aeroportuario del Pacífico MXN 2.3 Billion Debt Instruments Issuance, 2017

Vicente represented Grupo Aeroportuario del Pacífico, (GAP) in the fifth issuance of debt instruments (certificados bursátiles) with the ticker GAP 17-2, under the dual program established in 2015 by GAP to issue short- and long-term debt instruments up to a revolving amount of MXN 9 billion in the Mexican market.

Publications

  • Author, "Consumer Protection, " a chapter in "Commentaries on Financial Reform, "Nacional Financiera, S.N.C. (NAFIN), 2014. According to Jacques Rogozinski, NAFIN's director, the book helps readers to better understand the financial changes presently being implemented in Mexico, and includes insights about these changes through perceptive analyses authored by lawyers focusing on financial issues.

Awards & Recognition

Líderes Mexicanos Magazine: One of the 300 most influential leaders

Leading Lawyer: Bankruptcy/Restructuring – Mexico; Corporate/ M&A – Mexico; Banking & Finance – Mexico; Capital Markets – Mexico, (Chambers Latin America 2014, 2015, 2016, 2017)

Leading Lawyer: Banking & Finance, Corporate/M&A – Mexico, (The Legal 500 Latin America 2014, 2015, 2016, 2017)