New provisions issued under the Law to Regulate Financial Technology Institutions

We inform our clients and friends that Banco de México, the Ministry of Finance and the National Commission of the Retirement Savings System have published rules in the Official Federal Gazzette in connection with transactions with virtual assets by Mexican financial entities, implementation of innovative models to offer financial services and transactions denominated in foreign currency by Mexican crowdfunds.

To read the full newsletter, please download the PDF here.

For further information with respect to the new provisions, please get in touch with your regular contacts at Nader, Hayaux & Goebel.




NHG contributes to Chambers Global Practice Guide: Investment Funds

Our Partners Hector Arangua y Adalberto Valadez, contributed to the Chambers Global Practice Guide – Investment Funds, Mexico chapter. The Investment Funds guide provides expert legal commentary on key issues for businesses and this guide covers the important developments in the most significant jurisdictions.

You can download the PDF here or read the full article at Chambers & Partners website.

 




M&A team contributes to The International Comparative Legal Guide to M&A

Yves Hayaux y Eduardo Villanueva contributed to the Mexican Chapter of The International Comparative Legal Guide (ICLG) to M&A.

The Guide covers common issues in M&A laws and regulations, including relevant authorities and legislation, target defences, bidder protection, and mechanics of acquisition – in 54 jurisdictions. You can download the PDF of the article aquí or read the article on ICLG’s website.




Amendments to the Pension Funds Systems Law

On January 16, 2019, the federal executive branch of the Mexican Government introduced a legislative proposal (the Proposal”) to the House of Representatives (Cámara de Diputados) of the Mexican Congress to amend various provisions of the Pension Funds Systems Law (Ley de los Sistemas de Ahorro para el Retiro). The following are the main amendments introduced by the Proposal:
A. New operating model for Afores.
B. New investment opportunities.
C. Performance Fee.
D. Withdrawal of voluntary deposits.
To read the full newsletter, please download the PDF here.
For further information with respect to the Proposal, please get in touch with your regular contacts at Nader, Hayaux & Goebel.



Plan to promote the financial sector in Mexico

On January 8, 2019, Mexico’s Central Bank (Banco de México), together with the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público), presented the Plan to Promote the Financial Sector in Mexico (the “Plan”). The following are among the main initiatives of the Plan:

Tax incentives for Initial Public Offerings and interest payments to non-resident holders of corporate bonds
Strengthen the investment regime of the Mexican Pension Funds (Sociedades Administradoras de Fondos para el Retiro) (Afores) and voluntary savings
Changes to the regulation of repo agreements and securities lending
Greater flexibility for financial intermediaries in their repo and securities lending operations

To read the full newsletter, please download the PDF aquí.

For further information with respect to the plan, please get in touch with your regular contacts at Nader, Hayaux & Goebel.




NHG contributes to 8th edition of the International Capital Markets Review

Julián Garza, Gunter Schwandt y Jenny Ferrón contributed to the The International Capital Markets Review, part of the reputed The Law Reviews series published by Law Business Research.

This multi-jurisdictional guide addresses the comparative law aspect of  international capital markets workload and offers legal practitioners with a reference source.

The guide is now in its 8th edition, and covers 28 jurisdictions in which leading law firms offer the latest insights and regulatory updates.

The Mexico chapter can be downloaded free of charge aquí. The full book is also available and can be downloaded aquí.

Further information and instructions on how to purchase the publication can be found on The Law Review’s website.




NHG recognized as Capital Markets Law Firm of the Year 2018 by Best Lawyers

Nader, Hayaux & Goebel is pleased to inform that Best Lawyers, a publication that gathers information from other firms and lawyers, has recognized NHG as Law Firm of the Year 2018 in the practice of Mercado de Valores. This recognition is determined based on certain factors including comments from other attorneys, coverage and scope of the firm in this area of practice, historical analysis of the winners in Lawyer of the Year and the reputation of the firm as an expert in this area.

Likewise, we are pleased to inform you that Michell Nader, Yves Hayaux y Hans Goebel have been recognized as Lawyer of the Year, in the practices of Project Finance & Development, Insurance Law y Structured Finance Law, respectively.

For the full rankings of Nader, Hayaux & Goebel, visit Best Laywers.




NHG Real Estate team contributes to 2nd edition of The Legal500’s Global Guide to Real Estate

Vanessa Franyutti, Alejandro Rojas y Fernando Castillo contributed to 2018 edition of The Legal 500: Real Estate Country Comparative Guide.

Each chapter of this global guide provides information about the current issues affecting real estate in a particular country and addresses topics such as ownership proof, due diligence, taxes, planning and zoning restrictions, mortgages and environmental contamination as well as insight and opinion on the most common issues in their respective country. The Q&A template for each chapter has been provided by Jonothan Solomon of Clifford Chance.

You can download a free copy of the Mexico chapter here.




Dos nuevos Socios marcan la tendencia de un sólido crecimiento en Nader, Hayaux & Goebel

Nader, Hayaux & Goebel se complace en informar que Ana Paula Telleria y José Humberto Rocha han sido nombrados Socios del Despacho a partir del 1 de enero de 2019.

La práctica de Ana Paula se especializa principalmente en valores y mercados de capital, con experiencia significativa en operaciones garantizadas, incluyendo joint ventures, fusiones y adquisiciones y temas relacionados de derecho corporativo. Ella está involucrada con regularidad en operaciones transfronterizas en relación con la estructuración, desarrollo y financiamiento de proyectos en México.

Ana Paula también se especializa en operaciones de financiamiento e inversión en el sector inmobiliario. Ha representado a clientes en diversos proyectos inmobiliarios incluyendo desarrollos comerciales, industriales, residenciales y de negocios, desarrollos turísticos (hoteles, proyectos de tiempo compartido y desarrollos de uso mixto). Asimismo tiene experiencia significativa en la asesoría a clientes para la estructuración de certificados de capital de desarrollo (CKDs), fideicomisos de inversión en bienes raíces (FIBRAs), fondos de capital privado y otros instrumentos de inversión para el sector inmobiliario. Ana Paula ha sido clasificada por segundo año consecutivo como Associate to watch en el área de Mercados de Capital por la publicación de Chambers & Partners Latinoamérica. Obtuvo su licenciatura en Derecho en la Universidad Panamericana (2007) y cursó la maestría en derecho de New York University School of Law (2012) con especialización en Derecho Corporativo.

José Humberto es experto en derecho financiero, asesorando a instituciones financieras nacionales y extranjeras y otras organizaciones financieras en operaciones nacionales, transfronterizas y globales, así como a grandes empresas en la estructuración y reestructuración de su deuda.

Como asociado de NHG, ha sido el principal abogado en todo tipo de operaciones de crédito, incluidas facilidades de crédito innovadoras y tradicionales garantizadas por diferentes tipos de garantías, tales como hipotecas inmobiliarias, fideicomisos, hipotecas marítimas garantías tangibles e intangibles y otro tipo de garantías corporativas.

José Humberto tiene una sólida experiencia en derecho bancario, finanzas corporativas, fusiones y adquisiciones, capital privado, y reestructuraciones de deuda y corporativas. Se graduó como abogado de la Universidad Anáhuac en 2009 y cuenta con una Maestría en Derecho Corporativo (Mención Honorífica) y un Postgrado en Derecho Corporativo de la Universidad Anáhuac. En 2014 completó su LL.M. en University of Chicago Law School y trabajó como asociado extranjero en la oficina de Nueva York de Proskauer Rose, LLP de 2014 a 2015.

El Despacho está orgulloso de los nombramientos de Ana Paula y José Humberto. Estamos seguros de que en sus nuevas posiciones, continuarán fortaleciendo las capacidades del Despacho en algunas de sus prácticas principales, incluyendo mercados de capital, bancario y financiero, y fusiones y adquisiciones.

 




Laws, regulations and policies that affect Technology M&A in Mexico

Gunter Schwandt y Jenny Ferrón have contributed to the 2019 Technology M&A publication of Getting The Deal Through, where they describe the laws, regulations and policies that affect the structure and execution of technology M&A in Mexico, along with the due diligence processes of such transactions.

This is the first edition and covers 16 jurisdictions in which leading law firms offer the latest insights and regulatory updates in technology M&A transactions.

The Mexico chapter can be downloaded free of charge aquí. For further information, please visit GTDT’s website.