Category: Banking & Finance,Capital Markets,Mergers and Acquisitions,Partner,Securitizations & Structured Finance
written by Lizbeth Bermúdez | April 28, 2024
Hans is an internationally recognized leading attorney and founding partner at Nader Hayaux Goebel. His main areas of practice are banking & finance, mergers and acquisitions, private equity, capital markets, real estate, and general corporate and commercial law.
He has a strong background in banking law and regulations, and handles a variety of financial, capital markets and corporate governance matters. He is an expert in complex structured finance deals and security issuances, as well as local and cross-border mergers & acquisitions and private equity transactions.
Hans frequently acts as trusted advisor to boards and board committees, shareholders and individual directors on critical corporate governance issues and shareholder disputes.
He graduated as attorney at law from Instituto Tecnológico Autónomo de México (ITAM); he has a Master of Laws (LL.M.) with honors from Northwestern University of Chicago.
Hans worked as foreign associate of Mayer Brown LLP (Chicago), and he has been a Professor on Financial Contracts at Universidad Iberoamericana and on the Nader Hayaux Goebel Class at Universidad Panamericana.
Work Highlights
Mergers & Acquisitions
- Advised Credijusto regarding the acquisition of a portfolio of leases and loans originated by Crédito Real for MXN 1.474 billion.
- Advised Blue Torch Finance, as secured lender, regarding the sale of the Mexican businesses of Celadon Group to Jaguar Transportation.
- Advised Nestlé in the Mexican aspects of its USD 11.85 billion acquisition of Pfizer’s infant and children nutrition business from Pfizer and the subsequent sale of the Mexican portion of such business.
- Advised Bayer on the Mexican aspects of the carve-out of its Material Science business (comprising chemical products, polymers, plastics, based either on polycarbonates and/or polyurethane or any other kind of base, adhesives, coverings and sealers) valued in approximately USD 175 million.
- Advised Axis Asset Management (Axis) in the joint venture and subsequent dispute among the shareholders of Integradora de Servicios Petroleros Oro Negro (Oro Negro), a company with more than USD 2 billion in assets. After three years of negotiations and judicial proceedings, Axis and a group of private investors performed a non-hostile buyout of Ares and Temasek’s stake in Oro Negro, therefore settling the shareholder conflict and obtaining a controlling interest in Oro Negro.
- Advised Vertex on the acquisition and subsequent sale of its 33.33% participation in the owner of the Four Seasons Hotel in Mexico City.
- Advised Axis on the structuring and implementation of a co-investment in Navigatis Radiance and its subsidiaries, which main business is the acquisition and exploitation of vessels servicing the oil and gas industry.
Banking and Finance
- Advised various Prudential entities in the acquisition of notes issued by several Mexican companies, including Sesajal, Xignux, Controladora Mabe, FIBRA Macquarie and Grupo Altex, through private placements.
- Advised HSBC México in connection with an asset-based loan granted to AB&C Leasing de México in the amount of MXN 1 billion.
- Advised Blue Torch Finance in the acquisition of Bank of America’s creditor rights against Celadon Group under an existing credit facility, including a comprehensive amendment and restatement of the existing credit agreement and the assignment of all existing Mexican collateral.
- Advised several Prudential entities in the acquisition of USD 75 million notes issued by Softtek Integration Systems, in a private placement secured by accounts receivable.
- Advised Bank of Montreal, as administrative agent of a syndicate of lenders, in the provision of a revolver financing to Element Financial Corp for the acquisition of terrestrial fleet owned by GE in several jurisdictions.
Capital Markets
- Advised the trustee of CKD Fund AXISCK 12 on the thirteenth capital call for an amount of MXN 20 million.
- Advised the trustee of CKD Fund – AXISCK 12 on the twelfth capital call.
- Advised Axis Asset Management in the public offering of structured notes (CKDs) in the Mexican market with an initial issuance of MXN 1.3 billion plus additional commitments, through a capital call mechanism, for a total committed amount of MXN 6.5 billion.
- Advised Navix in the structuring and issuance of CKDs placed in the Mexican Securities Exchange for a total offer amount of MXN 4.002 billion.
Private Equity & Venture Capital
- Advised Montagu Private Equity on the Mexican collateral package granted in favor of Glas Trust Corporation to secure the financing for the acquisition of Kodak’s flexographic division.
- Advised Axis on the structuring and implementation of a co-investment in Navigatis Radiance and its subsidiaries, whose principal business consists of the acquisition and operation of vessels servicing the oil and gas industry.
Real Estate
- Has advised the Inter-American Investment Corporation in connection with financings granted to various Mexican companies, including Equípate, Grupo KUA, Residencial Atlas and Consejo de Asistencia al Microemprendedor (CAMESA).
Category: Banking & Finance,Insurance and Reinsurance,Mergers and Acquisitions,Partner
written by Lizbeth Bermúdez | April 28, 2024
Yves Hayaux-du-Tilly is a partner at Nader Hayaux Goebel and is recognized as one of Latin America’s leading authorities in insurance and reinsurance law, as well as in climate and nature governance.
Over 35 years he has advised Mexican and foreign insurers, reinsurers, multinationals, business owners, governments and investors on the most sophisticated transactions and disputes in the insurance sector, as well as on financing and M&A transactions across Mexico and the Latin American region.
Yves also works with investors, family offices and the next generation of leaders who understand that climate and nature are no longer peripheral concerns, but a responsibility and most certainly, an opportunity, that belongs in the boardroom. He helps them bring these issues to the highest level of governance and turn them into decisions: from meeting directors’ fiduciary duties in the face of climate change, to designing investment and governance strategies aligned with the transition to a net-zero economy.
Chambers and Partners recognizes him personally as a Star Individual in Insurance in its Latin America Guide 2026, a distinction he has held without interruption for nearly two decades, as the only Mexican lawyer so ranked in the field; and also recognizes Nader Hayaux Goebel as the only Mexican firm ranked by Chambers in Tier 1, without interruption since the rankings began.
He leads Nader Hayaux Goebel highly regarded and leading (Re)Insurance Practice, and its innovative Working Groups supporting clients in their Sustainable Transition (ESG) and in Corporate Integrity initiatives. He established Nader Hayaux Goebel’s pioneering London office, and has been leading such office during fifteen years, becoming the go-to Mexican lawyer for the European market where he has been advising insurers, international law firms and corporations on their business in general and particularly in their reinsurance operations, involving Mexico and Latin America.
Yves is founder and Co-Chair of Chapter Zero Mexico, a member of the board of Chapter Zero UK and a patron of the Chapter Zero Alliance; he sits on the Presidential Council of the International Association of Insurance Law (AIDA), chairs its Climate Change and Catastrophic Risks Working Party and was elected Vice-President of its Executive Committee (2023–2027). He is a member of The Nature Connection Network and of the Pollinators Council of Huerto Roma Verde; an honorary member of the Commercial Bar (COMBAR); and founder and Honorary Chair of the Mexican Chamber of Commerce in Great Britain (MexCC).
He is author and co-author of reference works in both of his fields. In sustainability: the Spanish edition of the World Economic Forum’s Guiding Principles for Effective Climate Governance on Corporate Boards, the Mexico chapter of the Climate Governance Initiative and Commonwealth Climate and Law Initiative’s directors’ navigator on climate change, and the 2026 ESG Guide for Mexico. In insurance and reinsurance: the Mexico chapters of The Law Reviews – Insurance and Reinsurance, of Practical Law and of The Legal 500 Insurance & Reinsurance Comparative Guide, as well as the Monograph on Insurance Law in Mexico for the
the International Encyclopedia of Law (Wolters Kluwer).
Work Highlights
Insurance and Reinsurance
- Regularly represents more than thirty foreign reinsurers in maintaining their registration with the General Registry of Foreign Reinsurers to take reinsurance risk from Mexican cedents.
- Represented Grupo Nacional Provincial on establishing GNP International, Ltd., obtaining Lloyd’s authorization to invest as a corporate member, and its strategic partnership with Sompo Canopius.
- Represented CMIG International, a subsidiary of China Minsheng Investment, in the acquisition of Old Mutual’s Latin American operations (Colombia, Mexico and Uruguay).
- Advised Mitsui Sumitomo Insurance Co., Ltd. on its investment and voting agreements with the founding family of W. R. Berkley Corporation, involving the indirect acquisition of two Mexican insurance companies.
- Represented Tokio Marine HCC on the corporate, regulatory and legal aspects of establishing its surety subsidiary in Mexico.
- Represented AXA on the structuring and implementation of its partnership with Keralty SAS to create Mexico’s first integrated primary-health program.
- Advises Starr Insurance Companies on the structuring and implementation of one of the first fully integrated Managing General Agent (MGA) models in the Mexican insurance market.
- Advised Sofía, a leading Mexican health-focused insurtech, on its USD 13.5 million investment round led by Kfund, with participation from Index Ventures, Kaszek and IDB Lab.
- Represented Principal Financial Group in the transfer of its insurance and pensions portfolio to Seguros Banorte.
- Advises Olé Life on the launch of its insurance operations in Mexico, including a joint venture with Aseguradora Patrimonial and the registration of its foreign reinsurer.
- Advises Zurich Group on a strategic long-term joint venture with Actinver Group for the exclusive distribution of Zurich insurance products and the incorporation of a jointly owned insurer.
- Advises Bupa México on a long-term joint venture with Grupo Nacional Provincial to implement a vertically integrated healthcare and insurance model in Mexico.
- Advises MAPFRE México and Solunion América Holding on the sale and acquisition of 100% of MAPFRE Fianzas, subject to CNSF authorization.
- Advises Cardif México Seguros Generales and BNP Paribas Cardif on the transfer of an insurance portfolio to Chubb Seguros México, including regulatory filings before the CNSF.
- Acted as special reinsurance counsel to Seguros BBVA and BBVA Seguros Colombia in claims and arbitration proceedings against foreign reinsurers under a Catastrophe XL Reinsurance Agreement.
- Advises Energía Eólica and Macquarie on insurance claims and litigation arising from the forced abandonment of a wind-farm construction project in Oaxaca, Mexico.
- Advised La Costeña on the structuring, negotiation and procurement of a representations and warranties insurance policy in connection with its acquisition of Comercializadora Mac’Ma.
- Advises Konfío on a crime insurance claim against Generali arising from fraudulent acts by STP that affected Konfío’s assets, resulting in accepted policy payment.
- Acted as Mexican insurance regulatory expert in international dispute proceedings involving Thona Seguros and Summit Reinsurance Services, providing expert analysis on Mexican insurance supervisory powers.
Category: Aviation,Banking & Finance,Capital Markets,Energy,Mergers and Acquisitions,Partner,Partners,Real Estate,Securitizations & Structured Finance,Telecoms,Workouts & Insolvency
written by Adrián Trejo Santiago | April 28, 2024
Michell has been involved in a wide variety of matters in the finance and M&A sectors. His background includes many of the largest and most complex transactions ever done in Mexico and the development of products and structures for clients which have had significant impact on the banking, real estate, capital markets and M&A industries, including the creation of the money transfer system for remittances from the U.S. to Mexico in 1996.
Michell’s main areas of work are structured and acquisition finance, M&A, banking, capital markets, real estate and workouts.
He has worked in some of the most complex and largest M&A transactions in Mexico including the representation of GE in the sale of its real estate business to Blackstone, the acquisition of Aseguradora Hidalgo by MetLife, the sale of Iusacell by Grupo Salinas to AT&T and the acquisition by Vinci Airports of an equity interest in OMA.
Michell has also participated in multiple finance transactions including intangibles, real estate, telecommunication networks, infrastructure and power plants. He has worked on some of the largest debt restructurings in Mexico including AHMSA, GEO, URBI, Comerci, Iusacel and Grupo Mexico.
He has worked on a number of leveraged acquisitions representing lenders or purchasers of listed companies in Mexico in the textile, steel and telecommunications industries and advised clients in multiple acquisitions and divestitures of banks, pension funds, and insurance, telephony and real estate companies.
He has been very active in capital market deals, representing sponsors of Fibras, CKDs and issuers of bonds in Mexican and global offerings. He advised the Mexican government in creating the structure for the PPP model for Mexican infrastructure projects and has worked extensively with local governments in the development of their legal and regulatory frameworks for PPPs.
He represented the lender in the largest real estate financing ever done in Mexico and acted for the financial investor in the creation of the first Mexican land bank. In addition to his transactional work he has been involved in a number of high profile matters including (i) advice to the US Department of the Treasury in the USD$20 billion emergency financial package provided to the Mexican government in 1995; (ii) advice to the US Commerce Department in the negotiation of Chapter Eleven (Investment) and Chapter Fourteen (Financial Services) of NAFTA; and (iii) advice to different Mexican States in the development of investment, budgetary and tax laws.
A selection of recent transactions and projects on which Michell advised, include:
- Grupo Murano, a leading Mexican hospitality developer, in connection with the execution of a Business Combination Agreement with HCM Acquisition Corp (NASDAQ: HCMA), a SPAC incorporated in the Cayman Islands. The transaction, which is subject to customary closing conditions and regulatory approvals, values Murano at a pro forma enterprise value of approximately US$810 million, assuming US$10.00 per share and approximately 85% redemptions.
- VINCI Airports in the negotiation and execution of the financing documents for the indirect acquisition of 29.99% stake in Grupo Aeroportuario del Centro Norte (OMA), a Mexican airport concessionaire of 13 airports listed in Mexico with ADSs on the NYSE for USD$1.17 billion.
- Grupo Elektra, in eleven issuances and public offerings during 2022 for an aggregate amount of MXN$19.5 billion: nine issuances of long-term debt certificates (certificados bursátiles de largo plazo) for an aggregate amount of MXN$15.5 billion and two issuances of short-term debt certificates (certificados bursátiles de corto plazo) for an aggregate amount of MXN$4 billion, under its 2018 and 2020 debt programs in the Mexican Institutional Stock Exchange (BIVA).
- HKE1, Responsability Global Micro and SME Finance Fund, Responsability (SICAV) Agriculture Fund and Avenue Sustainable Solutions Fund, in the preparation and negotiation of the mexican securities of a NY Law credit facility granted to Agro Vision Corp.
- The bondholders and common representative of GICSA-15, GICSA-17, and GICSA-19 in the bond reestructure process. The reestructure will allow Grupo GICSA to reach a sustainable capital structure that maximizes the value for all stakeholders of the company and gives Grupo GICSA a better financial position in the long term.
- Total Play, a leader provider of triple play services in Mexico, a) in the issuance and public offering of short term debt certificates (certificados bursátiles de corto plazo) with ticker symbol “TPLAY 00222”, for a total amount of MXN$1,000,000,000; b) in the issuance and public offering of long term debt certificates (certificados bursátiles de largo plazo) with ticker symbol “TPLAY 22”, for a total amount of MXN$1,593,000,000.00 (aprox. USD$79.6 million) under its current debt programme.
- Nueva Elektra del Milenio, a subsidiary of Grupo Elektra, and Grupo Elektra as payment guarantor, in connection with the creation of a cross-border remittances securitization program and its first USD-denominated 144A / Reg S Senior Notes offering for USD$500 million.
- CIBanco acquired Deutsche Bank Mexico’s trustee and common representation business in Mexico through a spin-off / merger transaction approved by CNBV and COFECE.
- Grupo Elektra, in the public bond offering (certificados bursátiles) in Mexico with ticker symbol “ELEKTRA 20”, for a total amount of MXN$2.5 billion under its debt program, with a fixed interest rate of 9.35%.
- BBVA Bancomer, Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, Banco Nacional de Comercio Exterior, Institución de Banca de Desarrollo and SabCapital, SOFOM, ER as joint lenders, together with BBVA Bancomer, Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, as administrative and collateral agent, on a secured financing for an amount of USD$145 million in favor of Promotora Atardeceres del Pacífico, for the construction of a Dayforia hotel by Live Aqua in Puerto Vallarta.
- A real estate company Murano, in the establishment of the first multi- CERPI registration in Mexico. The five-year programme was established for an amount of MXN$20,000 million.
- Evercore Mexico sold its trustee and common representation business in Mexico to CIBanco. The transfer was made through a spin-off / merger transaction approved by CNBV.
- Pantaleón in the acquisition of 99.7019% of the stock Ingenio el Mante, which owns and operates a sugar mill located in Mante, Tamaulipas.
- Altán Redes on the USD$50 million cross-border financing for the Red Compartida Project, a major telecoms PPP Project for Mexico’s wholesale shared mobile network and the amendments to the structure required to adhere new secured parties.
- PGIM Real Estate on the extremely complex restructuring of its USD$700 million real estate portfolio, developed in conjunction with Mexican housing developer Urbi, one of the largest homebuilders in Mexico. PGIM Real Estate is possibly the first and only creditor to settle on a restructuring plan for its real estate portfolio with Urbi prior to such entity entering into a concurso mercantil process.
- Fibra Danhos with its launch of an unsecured term notes Programme for up to MXN$8,000 million, and with the first two public offerings thereunder for MXN$4,000 million, which were placed on the Mexican public debt market on July 7, 2016.
- Among others..
Category: Banking & Finance,Mergers and Acquisitions,Partner,Securitizations & Structured Finance,Telecoms
written by Lizbeth Bermúdez | April 28, 2024
Julián J. Garza is partner at Nader Hayaux Goebel. His practice areas include banking and finance, mergers and acquisitions, capital markets, telecom and structured and project finance.
He has worked in some of the largest structured finance and capital markets transactions, representing both sponsors and financial intermediaries. His most recent cases include securitization deals related to infrastructure projects, and local and cross-border issuances of securities.
A client praises: “his great ability to understand issues, identify risks and propose viable solutions for the success of the operation.”
Julián also regularly works in financing transactions, as well as specialized banking and financial and telecom regulatory work, debt restructurings, structuring and implementation of equity funds, including in the real estate and infrastructure markets.
His mergers and acquisitions practice expands to a variety of industries, including real estate, fintech, financial intermediaries and infrastructure facilities, advising on foreign investment acquisitions and joint venture transactions, among others.
Julián is a graduate of Universidad Panamericana (attorney at law 1997, summa cum laude). He has a Master of Law degree
(LL.M.) from the University of Texas at Austin (1999), where he was awarded a fellowship.
He worked as foreign associate at Mayer Brown (Chicago, 2002–2003). He is a professor of international financial law and financial intermediaries at Universidad Panamericana in Mexico City and has been a lecturer of Mexican Business and Commercial Law at the University of Texas in Austin
Julián is a member of the National Association of Corporate Counsels. He has written various chapters and articles for specialized books and magazines, including: Banking & Finance and Corporate Mergers & Acquisitions 2026, Global Practice Guides, published by Chambers & Partners; and The International Capital Markets Review (Mexico), 2024, Thirteenth Edition, published by Law Business Research.
Work Highlights
Banking and Finance
- Advised HSBC Mexico in multiple structured and asset-backed financings in favor of financial and industrial entities, using as source of payment a variety of receivables, from pension, payroll and consumer loans to car and lease-related assets, through complex structures involving source of payment vehicles, security trusts and multiple layers of administration of receivables.
- Advised one of the largest private equity firms focused on receivables securitizations as lender in hybrid securitizations of car-related receivables originated by one of the largest Mexican banks. The transactions have comprised private loans, alongside the issuance of publicly offered trust certificates.
- Advised multiple financial institutions, including Scotiabank, BBVA, Sabadell, Ve X Mas, Actinver and Banorte, in a large number of real estate financings for the development and operation of industrial, residential and office facilities, as well as with respect to infrastructure projects, involving a variety of complex structures.
- Advised multiple foreign financial institutions, including Rabobank, Bank of America, ABN AMRO, UBS, Citibank, Scotia and HSBC, regarding the applicable regulatory framework for their respective businesses and operations in Mexico.
- Advised a European financial services company in the design, structuring and implementation of financial products for the Mexican market, including the analysis of the applicable regulatory framework, the preparation of the contractual documentation, and compliance with Mexican financial transparency, anti-money laundering, data privacy and tax regulations.
- Advised Mexican financial institutions in the implementation of digital banking, credit and investment advisory services to be offered through electronic means, including with respect to the contractual and regulatory affairs associated therewith.
- Advised several Prudential entities (insurance companies) in connection with multiple private placements of notes, including on the acquisition of USD 75 million notes issued by Softtek Integration Systems, in a private placement secured by account receivables.
- Advised Murano 2000, a BVG World subsidiary, on obtaining a USD 191.5 secured financing to construct and develop the mega tourism project Grand Island Cancun from Banco Sabadell, Caixabank and Bancomext.
- Advised multiple local and foreign entities in connection with the incorporation, acquisition, transformation and establishment of a number of financial entities, including SOFOMS, SOFIPOS, banks, investment advisors, brokerage entities, and fintech companies, as well as with respect to the regulatory framework applicable thereto.
- Advised multiple banking institutions in issuing, non-preferred, non-convertible, subordinated debentures to strengthen its capital structure.
Mergers & Acquisitions
- Advised Vehlo Purchaser in connection with the acquisition of 100% of the capital stock of TCC Tecate, the Mexican subsidiary of Car Dealer Promotions; a cross-border acquisition involving target entities in the US and Mexico.
- Advised JP Sofiexpress, a Mexican SOFIPO, in selling 100% of the shares representing the company’s capital stock in favor of DiDi Group.
- Advised the shareholders of Banco Finterra on the sale of 100% of the shares representing the capital stock of Banco Finterra as well as on various banking regulatory, antitrust, and tax issues in connection with the sale.
- Advised a European financial institution in connection with the sale of the capital stock of a Mexican banking institution. The transaction required obtaining authorization from the National Securities and Banking Commission.
- Advised Harvard Management Company on its USD 145 million indirect investment in Aztecavo, a Mexican subsidiary of Westfalia Fruit International.
- Advised Colony Capital, in its acquisition of the Abraaj Group’s private equity platform in Latin America, specifically in the acquisition of Abraaj Mexico Advisers.
- Advised private equity firm AIP on the acquisition of Moly-Cop México and Servicios Moly-Cop, Mexican entities forming part of Arrium’s Moly-Cop Division.
- Advised one of the largest retail and financial groups in Mexico in the acquisition of an equity stake at a Mexican company focused on particular sub-sectors of the retail manufacturing industry.
Capital Markets
- Advised Murano Group with respect to the first De-Spac transaction carried out in the Mexican hotel market, as well as on the issuance of a 144-A / Reg-S international bond, in connection with the development of multiple hospitality facilities in Quintana Roo, Mexico with a value of approximately USD 1 billion.
- Advised multiple financial institutions with respect to the structuring and implementation of investment funds to target a variety of industries, including real estate and infrastructure, implementing private equity mechanisms, among many other features.
- Advised PGIM Real Estate in the incorporation of private equity funds in Mexico for investment in the real estate industry, as well as on a variety of joint ventures with Mexican developers for the investment, development and construction of industrial facilities in Mexico.
- Advised Mota-Engil Mexico, and acted as transaction counsel, in a MXN 1,950 million securitization of collection rights stemming from a Public-Private Partnership Services Agreement for the rehabilitation, conservation and maintenance of the Coatzacolacos – Villahermosa highway.
- Advised Acciones y Valores Banamex as lead underwriter in the placement of CKDs by PGIM in the Mexican market with a target total committed issuance amount of MXN 4.422 billion.
- Advised Grupo O’Donnell in the structuring and placement of structured notes (CKDs) in the Mexican Stock Exchange for a total committed issuance amount of MXN 2 billion, to invest in industrial real estate and urban infrastructure.
Category: Aviation,Banking & Finance,Energy,Infrastructure, PPPs and Government Procurement,Partner,Securitizations & Structured Finance
written by Adrián Trejo Santiago | April 28, 2024
Javier Arreola is a partner at Nader Hayaux Goebel with a practice centered on financing, across its many forms, structures and sectors.
His work covers project finance in renewable energy, infrastructure and energy, structured finance, syndicated loans and asset-based lending, real estate finance and aviation finance.
Javier also advises clients on debt restructuring and insolvency matters, which represents a natural extension of his financing practice, deepening the value he brings to clients across the full deal lifecycle.
Within the infrastructure and energy sectors, Javier advises in all project phases, from procurement and development through commercial and financial close and refinancing, including public-private partnerships (PPP). He leads the firm’s aviation finance practice, primarily representing financial institutions, and have been involved in some of Mexico’s largest and most complex cross-border financing and debt restructuring processes over the last thirty years.
Chambers Latin America recognizes Javier as a leading lawyer in Aviation, Projects, and Banking & Finance, and Legal 500 ranks me as a Leading Partner in Bankruptcy and Restructuring. Clients’ opinions describe him as someone who “deeply understands legal and business issues across jurisdictions” and brings both legal rigor and commercial pragmatism to every deal.
Javier is a fellow of the American College of Commercial Finance Lawyers and is an active speaker at national and international forums, aswell as the author of several articles in his fields published in Latin Lawyers and The Law Review, among others.
He obtained his Law degree (with honors) at the Instituto Tecnológico Autónomo de México (ITAM) and obtained a Diploma in Commercial Law (with honors) from Universidad Panamericana. In addition, he earned an LL.M. at the Northwestern Pritzker School of Law in Chicago (with honors) and received a diploma in Management from J.L. Kellogg School of Management.
He also worked as a foreign associate in the Latin America fiancé practice group at Mayer Brown LLP, in New York.
Work Highlights
Banking And Finance
- Advised VINCI Airports in the negotiation and execution of the financing documents for the indirect acquisition of 29.99% stake in Grupo Aeroportuario del Centro Norte (OMA), for USD 1.17 billion.
- Provides recurring advice in cross-border asset-based financings, among others, financing institutions such as Deutsche Bank, MUFG Bank, PNC Bank, Capital One, White Oak, Wells Fargo and CIBC Bank.
- Regularly represents MILA – MetLife Real Estate and PGIM Real Estate in large real estate financings in different industries, including hospitality, industrial, retail, office and residential developments across the country.
Energy & Natural Resources | Infrastructure, Ppps & Project Finance
- Advised DEG and Proparco, as lenders, in in a USD 70 million financing granted to CTG Control, for the design, construction and operation of a two-segment dark fiber optic cable route from Querétaro to the U.S. border.
- Advised a syndicate of 13 financial institutions in the USD 2.5 billion financing granted to Energía Mayakan (a subsidiary of the ENGIE Group).
- Advised Banco Actinver, as lender, in the financing of MXN 211 million loan granted to Banorte, secured through a joint obligation of Grupo Hermes, and the revenues obtained from the operation of the Toll Highway Morelia-Aeropuerto-Entronque Autopista México-Guadalajara.
Workouts & Insolvency
- Advised an Ad Hoc Group of holders, in all Mexican aspects related to Aeromexico’s Chapter 11 bankruptcy proceedings, including as Tranche 2 lenders in the USD billion DIP financing.
Aviation
- Regularly represents financial institutions such as SMBC, Aviation Capital, Natixis, NTT Finance Corporation, Development Bank of Japan, Credit Agricole and Nomura Babcock & Brown, in several financings to Mexican commercial airlines such as Aeromexico and Viva Aerobus under divers financing structures, including Japanese Operating Leases with Call Option (JOLCOs) and sale and lease back financings.
- Advised CMB Financial Leasing in the PDP financing of four A320Neo and three A321NX aircraft, to be sold to an Irish vehicle of CMBFL and leased to Volaris for USD 730 million.
- Regularly represents Bank of America Merrill Lynch (Global Corporate Aircraft Leasing). Since its first transaction in 2010, Javier has represented them in over 30 corporate aircraft financing transactions in Mexico.
Category: Energy,Infrastructure, PPPs and Government Procurement,Mergers and Acquisitions,Partner,Real Estate
written by Adrián Trejo Santiago | April 28, 2024
Founding partner of Nader Hayaux Goebel, with more than 20 years of experience advising developers, sponsors, investment funds, financial institutions, national and multinational companies on some of Mexico’s most sophisticated and high-profile infrastructure, energy, real estate and public-private partnership transactions.
Her practice focuses on the structuring, negotiation, development and financing of large-scale projects, including energy, roads, social infrastructure, hospitality, industrial, mixed-use and commercial developments.
Vanessa regularly advises investors and developers throughout the full lifecycle of projects, from JV investment, acquisition and initial structuring through financing, construction, operation, expansion and exit strategies. Her experience includes negotiating construction agreements, EPC contracts, concessions, operation and maintenance agreements, joint venture arrangements, trust structures, financing documentation and other key agreements required for the execution of sophisticated, high-value projects.
Throughout her career, she has been involved in transactions requiring highly coordinated efforts among private investors, financial institutions, governmental entities, operators and strategic stakeholders, particularly in regulated sectors and real estate developments.
Vanessa is recognized for combining technical sophistication with strong commercial and strategic judgment. Clients particularly value her ability to lead complex negotiations, structure efficient legal solutions and guide high-value transactions with a practical, execution-oriented approach focused on risk mitigation and value creation.
Vanessa is also actively involved in female leadership and professional development initiatives within the legal sector being a founding member and part of the board of Abogadas MX. She is consistently recognized by leading legal publications as a top practitioner in Projects and Real Estate.
She obtained her law degree (with honors) from the Instituto Tecnológico Autónomo de México (ITAM) and later earned an LL.M. degree from The University of Chicago Law School.
Work Highlights
Infrastructure, PPPS & Project Finance
- Advised a syndicate of lenders in the financing granted to Energía Mayakan, a subsidiary of ENGIE Group, for the development, construction and operation of the expansion of the Mayakan natural gas pipeline system, as well as the negotiation of key project documentation and bankability arrangements with CFE.
- Advised Banco Santander and a syndicate of lenders including Banobras and Inbursa in the structuring and negotiation of a senior credit facility and VAT facility to finance a subsidiary of Aleatica in connection with a federal toll road project in the State of Mexico.
- Represented a subsidiary of GIA+A in the execution, financing, securitization and subsequent renegotiation of a long-term PPP agreement with the Federal Government related to a federal penitentiary center in Oaxaca, as well as in the comprehensive refinancing of the project, including the negotiation and prepayment of bonds through financing provided by Banobras.
- Advised a consortium in the public tender process organized by Banobras for the maintenance, rehabilitation and operation of four highways and two bridges in Nuevo León and Tamaulipas under a long-term PPP structure backed by federal FONADIN resources.
- Advised a Chinese contractor specialized in power plant projects in the negotiation of an engineering, procurement and construction (EPC) agreement with CFE related to the development of a combined-cycle power plant in Mexico.
- Advised the Government of the State of Sonora in the preparation and implementation of a comprehensive package of constitutional and legislative reforms related to public finance, procurement, public-private partnerships and financial discipline.
Real Estate
- Represented Marriott International in the structuring of a joint venture involving two landmark hotels in Cancún and Puerto Vallarta, the exit from such joint venture, as well as the subsequent divestment of the Marriott Puerto Vallarta hotel and the sale of the JW Marriott Mexico City, including strategic negotiations involving adjacent real estate assets.
- Represented Advance Real Estate in the sale of a large-scale industrial platform to Thor Urbana.
- Represented the owners of a significant land reserve in the Riviera Nayarit in connection with a joint venture with an international developer for the development of a luxury branded resort project including an approximately 200-key hotel, high-end amenities and branded residences.
- Advised an international sustainability-driven real asset investment fund, in the financing and repayment of a large-scale aquaculture facility in Mexico, as well as in its joint venture with a local tomato producer with a large export business, both as part of its broader investment strategy in food infrastructure and sustainability.
Category: Banking & Finance,Capital Markets,Mergers and Acquisitions,Partner,Securitizations & Structured Finance,Telecoms
written by Adrián Trejo Santiago | April 28, 2024
Gunter is partner at Nader Hayaux Goebel and specializes in capital markets, mergers & acquisitions, fintech, structured finance, secured transactions and cross-border lending. Gunter is an expert in highly complex public issuances and securitizations and has developed in-depth expertise in CKDs (development capital certificates) and FIBRAs (the Mexican equivalent of a U.S. REIT), advising sponsors and underwriters alike.
To date he has advised the sponsors in the structuring and launch of a total of seven CKD funds placed in the Mexican Stock Market, focused on the real estate industry and the energy and infrastructure sectors, as well as on four FIBRA transactions, focused on the retail and hotel industries.
On the corporate M&A side, Gunter advised MetLife in the sale of its Mexican pension fund business to Principal Financial Group, and Pemex in the sale of its 50% stake in Gasoductos de Chihuahua to IEnova for USD 1.325 billion.
Gunter also advised Grupo Salinas in its joint venture with Televisa in Iusacell, the later unwinding of such joint venture and the ultimate sale of Iusacell to AT&T for USD 2.5 billion, which constituted a major milestone for the Mexican telecoms sector as it signified the entry of one of the major global telecoms operators into in the Mexican market. He also advised Grupo Werthein as to Mexican legal matters in its purchase of certain LatAm assets of AT&T.
He has written various chapters and articles for legal books and magazines, including: The International Capital Markets Review, 8th Edition, 2018; Technology M&A, Lexology
Getting the deal through 2nd Edition; Fintech Lexology Getting the deal through, 2021, Lexology In-Depth Artificial Intelligence Law 4th Edition, 2026 and Mexico Fintech Comparative Guide, Legal 500, 2021 – 2026.
He currently sits as independent member of the board of directors of Mercado Pago, MercadoLibre’s licensed fintech entity in Mexico.
Gunter spent a year working at international law firm Mayer Brown LLP in Chicago. He obtained his law degree (with honors) from Universidad Iberoamericana. He subsequently received his LL.M. (with honors) from Northwestern University School of Law and a Certificate in Business Administration from the Kellogg School of Management.
Work Highlights
Capital Markets
- Advised Fibra Storage to establish its first capital markets debt program for MXN 3 billion and the first and second issuances of notes issued as green bonds thereunder.
- Advised MercadoLibre on Mexican legal matters in connection with its inaugural debt offering of two series of notes for USD 1.2 billion.
- Advised Total Play in the placement of USD 575 million senior notes in the international markets.
- Advised Fibra Storage on the follow-on placement of trust certificates totaling MXN 287 million.
- Advised Carza as issuer in the structuring and placement of its first CKD fund for MXN 2.47 billion.
- Advised the underwriters on Fibra Nova’s initial public offering through the Mexican Stock Exchange for MXN 1.22 billion.
- Advised Afore Azteca in its acquisition of CERPIs issued by Thor Urbana for MXN 3.6 billion.
Mergers & Acquisitions
- Advised CIBanco in the acquisition of Deutsche Bank Mexico’s trustee and common representation business in Mexico.
- Advised Evercore Mexico in the sale of its trustee and common representation business in Mexico to CIBanco.
- Advised Swedish company Sinch AB on the Mexican aspects of the acquisition of Brazilian company Wavy for USD 125 million.
- Advised Kyocera Corporation on the Mexican legal aspects regarding the acquisition of Fastener Topco (SouthernCarlson) and its subsidiaries.
- Advised MetLife in the sale of its Mexican pension fund business to Principal Financial Group.
- Advised Pemex on the unwinding of its joint venture with IEnova in Gasoductos de Chihuahua.
- Advised Grupo Salinas on the sale of Iusacell to AT&T for USD 2.5 billion.
- Advised Grupo Salinas in the unwinding of its joint venture with Grupo Televisa in Iusacell.
Banking and finance | Fintech
- Advised Lightrock in its USD 40 million Series E impact investment in Konfio.
- Advised eToro as Mexican counsel on the regulatory implications of operating its online multi-asset trading platform in Mexico.
Category: Banking & Finance,Energy,Infrastructure, PPPs and Government Procurement,Mergers and Acquisitions,Partner,Real Estate,Securitizations & Structured Finance
written by Lizbeth Bermúdez | April 28, 2024
Alejandro is a partner at Nader Hayaux Goebel and one of Mexico’s foremost lawyers in infrastructure, energy, project finance, and real estate investment. Recognized as Legal 500’s 2026 Lawyer of the Year in Projects & Infrastructure, he brings a rare combination of technical depth, transactional sophistication, and sector-spanning expertise that few practitioners in the market can match.
His practice centers on high-complexity transactions at the intersection of public and private capital, from structuring landmark public-private partnerships to advising on major energy and infrastructure projects across Mexico. He pioneered the first PPS projects for the states of Mexico and Sonora and has since remained at the center of the country’s most significant PPP transactions, spanning hospitals, highways, water treatment, energy, and gas infrastructure.
On the real estate and hospitality front, Alejandro is the advisor of choice for leading multinational hotel, tourism, and leisure groups entering or expanding in Mexico, covering complex real estate investments, mega-developments, time-share structures, and project financing. His cross-sector fluencyextends to financial institutions, where he regularly counsels lenders and investors participating in tourism, energy, and infrastructure transactions.
Alejandro’s credentials reflect both elite academic training and genuine internationalexperience. He holds an LL.M. from Columbia Law School, is admitted to the New York Bar, and began his international career at Mayer Brown LLP in New York, a foundation that informs his cross-border approach to every transaction. He graduated with honors from the Instituto Tecnológico Autónomo de México (ITAM).
His track record and international profile have earned him consistent recognition from Chambers Latin America as an innovative and highly skilled lawyer for complex, cross-border transactions.
Work Highlights
Infrastructure, PPPs & Project Finance
- Advised the Water Utility Agency of the Municipality of Los Cabos (OOMSAPASLC) in the restructuring process of a USD 19 million Stand-By Credit Facility.
- Advised a four-member consortium comprised of leading technology development companies in the public bidding process, as well as in the award and execution of a USD 40 million acquisition, supply and installation agreement.
- Advised the Water Utility Agency of the Municipality of Los Cabos (OOMSAPASLC) on the legal aspects of an international tender process for a Public-Private Partnership (PPP) for the construction, operation and 25-year maintenance of a desalination plant with a capacity of 250 liters, for an amount of USD 144.5 million.
- Advised Grupo Murano in the negotiation of hotel management, technical services and branding agreements with Hyatt and Accor for the operation of the Andaz and Mondrian hotels, for an amount of USD 49.753 million.
- Currently advising an international consortium in the structuring of two unsolicited proposals under a PPP scheme for two major federal highway projects.
- Advised Vise and Impulsora de Soluciones en Infraestructura in the public tender launched by the State of Mexico for a PPP contract regarding the refurbishment, preservation and maintenance for 12 years of 1,637.80 kilometers of highways in the State of Mexico.
- Currently advising the Water Utility Agency of the City of Los Cabos (OOMSAPAS) on the legal aspects of an international PPP tender process for the construction, operation and 25-year maintenance of a desalination plant in the municipality of Los Cabos, Baja California Sur, Mexico, primarily supported by CONAGUA and FONADIN.
- Advised the Sonora State Water Commission (CEA) on the legal aspects of an international PPP tender process for the construction, operation and 20-year maintenance of a desalination plant in Guaymas, Sonora, Mexico, partially financed by CONAGUA and FONADIN.
- Advised GIA and Vise during a public tender process launched by the State of Hidalgo for the construction, operation, preservation and maintenance of the Real del Monte-Huasca highway under a 30-year PPP structure backed by federal FONADIN funds, as well as in connection with the concession granted.
- Advised the consortium in the preparation of the tender process and the joint venture agreements.
Energy & Natural Resources
- Advised Power China in the analysis of tender documents and matters related to the financial feasibility of the lump-sum turnkey contract for the public works tendered by the state productive subsidiary CFE Generación for the Salamanca combined-cycle power plant, with an expected capacity of 836.79 MW.
- Advised Sistema Integral para el Manejo Ecológico y Procesamiento de Desechos (SIMEPRODE) as advisor in the structuring of a waste-to-energy project for several municipalities in the State of Nuevo León.
Category: Banking & Finance,Capital Markets,Mergers and Acquisitions,Partner,Tax
written by Lizbeth Bermúdez | April 28, 2024
Adalberto specializes in taxation matters, and he has more than eighteen years of experience advising public and private companies in respect of the federal tax implications derived from their operations in Mexico.
His practice focuses on federal taxes and international taxation, including cross-border M&A and joint ventures, in-bound investments into Mexico, as well as structuring and implementation of collective investment vehicles (such as private equity funds) managed by Mexican and foreign sponsors.
He also has solid experience in advising his clients on issuances in the local securities market, particularly in the case of Development Capital Certificates (commonly known as CKDs), Energy and Infrastructure Investment Trusts (commonly known as Fibra E trusts), and Exchange Traded Funds (commonly known as ETFs).
Fluent in English and French, Adalberto has a very strong international experience. As part of his practice, he regularly advises multinational clients making investments in Mexico, or which have commercial relationships with companies in Mexico.
Adalberto graduated as an attorney from the Instituto Tecnológico Autónomo de México with honors, and he has also attended a number of courses on international taxation, including Sheltons-SITTI’s Blue and Silver Courses on international taxation and an Advanced Seminar on the Interpretation and Application of Tax Treaties at the International Tax Academy of the International Bureau of Fiscal Documentation (IBFD).
He is a certified tax specialist, and an active member of the International Fiscal Association.
Prior to joining Nader Hayaux Goebel, Adalberto worked at one of the most prestigious tax firms in Mexico for more than 14 years, and he was a partner of such firm for six years. He also worked as a foreign associate with the Benelux law firm Loyens & Loeff.
Work Highlights
- Advised VINCI Airports in the negotiation and execution of the financing documents for the indirect acquisition of 29.99% stake in Grupo Aeroportuario del Centro Norte (OMA) for USD 1.17 billion.
- Advising Nueva Elektra del Milenio issue senior notes worth USD 500 million (listed on the Luxembourg Stock Exchange) as part of its first public offering on the international markets.
- Advised Mercado Libre, on its first international debt offering for USD 1.1 billion, which included a USD 400 million sustainability-linked bond tranche.
- Advised Mercado Libre, on Mexican law matters in connection with its first USD 400 million debt issuance in the United States.
- Advising Total Play on the successful placement in the international markets of USD 575 million aggregate principal amount of senior notes.
- Advised BlackRock in structuring the acquisition of Citibanamex’s asset management business in Mexico and establishing a distribution agreement that will allow BlackRock to offer asset management products to various clients across Mexico.
- Advised Desarrollos Delta in the structuring and placement of its first CKD Fund focused on real estate.
- Advised Caisse de dépôt et placement du Québec and CKD Infraestructura México in structuring the acquisition of an 80% stake in a portfolio of renewable energy projects developed by Enel in Mexico.
- Advised Barclays as underwriter, regarding the first public offering of investment project structured notes (certificados bursátiles fiduciarios de proyectos de inversion) or CERPIs in the Mexican Market.
- Advised Artha Capital on the successful launch of its fourth public fund (CKD) for an aggregate amount of USD 155 million in Mexico.
- Advised MGG Investments, Controladora Dolphin as issuer, Wilmington Trust as administrative and collateral agent, and Imperial Capital as placement agent, on the execution of a Note Purchase Agreement whereby certain Noteholders acquired from Controladora Dolphin senior secured notes in the amount of USD 115 million.
- Advised Wells Fargo Bank on the acquisition of the assets (lease rights) from the GE subsidiary entity that held railcar operations in Mexico.
- Advised BlackRock on the acquisition of Infraestructura Institucional, a Mexican infrastructure investment firm.
- Advised DILA Capital, a Mexican asset manager, on the establishment of a private equity fund targeting Mexican investors.
Category: Banking & Finance,Capital Markets,Insurance and Reinsurance,Mergers and Acquisitions,Partner,Securitizations & Structured Finance
written by Lizbeth Bermúdez | April 28, 2024
Luciano is a partner in Nader Hayaux Goebel’s Corporate M&A, Banking & Finance and Compliance practices group. With more than 25 years of experience, he specializes in insurance and reinsurance, regulated M&A and financial regulatory and compliance, including fintech and insurtech, data protection, anti-money laundering, anti-bribery and consumer protection regulation.
He has extensive experience in representing foreign and national clients in complex transactional work, product development and regulatory, corporate, and compliance related matters. He acts as independent member and secretary of board of directors of various insurance companies.
Luciano obtained his law degree from Universidad Iberoamericana and his LL.M. from the Universiteit Erasmus Rotterdam. In addition to his Mexican practice, Luciano worked as a foreign associate in Chicago in the banking and finance practice of Mayer Brown LLP.
He is an active member and speaker of the Mexican Chapter of AIDA (AMEDESEF), the National Association of Company Lawyers (ANADE) and the International Chamber of Commerce Mexico (ICC). He is also lecturer at the postgraduate programme on insurance law at Universidad Panamericana and at the University Escuela Libre de Derecho.
As Partner, Luciano has been ranked by Chambers & Partners Insurance practice expert for Latin America and represents the firm for Insurance and Corporate M&A areas ranked by The Legal 500 as Tier 1. He has written various chapters and articles for specialized books and magazines, including The Legal 500, Insurance & Reinsurance Country Comparative Guide 2020 – 2026 and Mexico Fintech Comparative Guide, Legal 500, 2022 – 2026; Lexology Getting the Deal Through, Public M&A, Mexico Chapter since 2019 – 2021; and Insurance and Reinsurance Law in Latin America, Tirant Lo Blanch 2019.
Additionally, he has also participated as an author and columnist in Revista Industrial Legal – Innovation in Insurance Products and Thomson Reuters Practical Law Insurance & Reinsurance Global Guide since 2018 to date.
Work Highlights
Corporate | M&A
- Advised BMS in the acquisition of Mexican reinsurance broker Calomex, Intermediario de Reaseguro.
- Advised Assurant, in the sale of its investment in Iké Asistencia.
- Advised AXA in the structuring, negotiation and implementation of a joint venture with Keralty for the creation of the first integral primary health program in Mexico.
- Advised a private fund in the implementation of its corporate structure in Mexico to achieve an innovative real estate leasing and hospitality platform.
- Advised and assist a British money transfer company on the structuring and incorporation of a Mexican Fintech Entity authorized to operate as an Electronic Payment Funds Company, and its joint venture with a Mexican remittances company.
Banking and Finance
- Advised HSBC in the acquisition of Kavak’s originated car loan portfolio for up to MXN 13.6 billion.
- Advised HSBC Mexico Bank in the negotiation and execution of the Mortgage Insurance Contracts with Genworth and Sociedad Hipotecaria Federal, to cover its mortgage loan portfolio.
- Advised a Mexican company specializing in remittances in the structuring and process for the incorporation of a Fintech Company authorized to provide electronic transfer services on a cross-border basis and related services.
Compliance
- Advised Celanese on the elaboration of its privacy notices and its Intragroup Data Privacy Agreement CEIGDPA.
- Advised a group of Mexican entrepreneurs in the incorporation and operation of Sofía Salud, an insurance institution specialized in healthcare in Mexico.
Category: Banking & Finance,Partner,Partners,Securities and Capital Markets,Securitizations & Structured Finance
written by Lizbeth Bermúdez | April 28, 2024
Adrián has acquired a strong expertise as a financial and business lawyer from his involvement in the structuring and implementation of diverse high-complexity national and cross-border matters, including financings, M&A, restructures and workouts, and real estate transactions. Adrián has developed a renowned practice specialized on banking law and regulatory matters associated with Blockchain, the Fintech industry and digital assets, advising diverse financial entities, entrepreneurs, neobanks, operators and users of digital assets and investors in the sector.
He has also advised companies engaged in different industries (including manufacturing, housing, automobile and transportation) in connection with multiple corporate and operational matters; and has also advised certain individuals and family offices in connection with the implementation of their estate planning.
His experience in domestic and cross-border financing transactions include advising financial institutions, loan syndicates and borrowers in project financing transactions, asset financings, trade finance transactions, supply chain financing; as well as in derivative financial transactions and other commercial and banking lending activities.
Adrian has participated in multiple complex real estate transactions, including the purchase, financing, refinancing, operation, and commercialization of real estate
properties in the industry of the construction, housing, hospitality and logistics.
He has also participated in a number of restructures and workouts advising national and foreign creditors, as well as debtors in the shipping, hospitality, construction and commercial real estate industries, among others.
Adrián has participated in several forums related with the Fintech regulatory landscape in Mexico and has written several specialized articles related to his practice areas. Adrian has been consistently ranked by Chambers and Partners, IFLR 1000, Legal 500 and Best Lawyers in connection with his banking and finance, technology law, real estate and hospitality practices. Recently, he was ranked by Chambers and Partners for his Fintech practice (practice that was also ranked as Band 1).
He received his law degree from Universidad Panamericana in Mexico City in 2004 and obtained his LL.M degree in Banking and Financial Law from Boston University Law School in 2009. He also has a postgraduate degree in International Financial Law from the Universidad Panamericana in Mexico City, which he obtained in 2005. He has been comparative law professor at the Universidad Panamericana, where he has recently obtained two postgraduate diplomas in Fintech law and regulations.
Work Highlights
Banking and Finance
- Advised Assurant on the financing of the leveraged acquisition of Iké Grupo Empresarial and its subsidiaries.
- Advised HSBC on two financings granted to Deacero for the importation of equipment for a new steel mill in Mexico.
- Advised TYASA in connection with three credit facilities granted by HSBC for the importation of equipment from France and Italy and the construction of a new steel mill.
- Advised GE Real Estate México on the sale of a MXN 1.1 billion secured loan to Goldman Sachs and the sale of a USD 240 million secured loan to HSBC.
- Advised BBVA Bancomer, as administrative agent of a syndicate comprised of Sabadell, Santander and BBVA Bancomer, in connection with the financing of a real estate development.
- Advised Sabadell Capital, as lender, on the negotiation, structuring and documentation of a secured credit facility granted to Excellence Group Luxury Hotels & Resorts.
Workouts & Insolvency
- Advised London Forfaiting Company in the insolvency proceedings of Abengoa México; acting as local counsel to Sullivan & Worcester in advising and assisting London Forfaiting Company in its claim as an ordinary creditor of three promissory notes with an aggregated value of 36,607,233.58 UDIS within the insolvency proceedings Abengoa Mexico.
Fintech | Regulatory
- Advised a U.S. Commercial Bank in connection with the implementation of a blockchain system to operate and pay remittances in Mexico.
- Advised a group of entrepreneurs in the incorporation of an Electronic Payment Funds Company (Institución de Fondos de Pago Electrónico).
- Advised a leading US cryptocurrency company in the implementation of cryptocurrency-based solutions for Mexican entities.
- Advised HSBC on two financings granted to Deacero for the importation of equipment for a new steel mill in Mexico.
- Advised GE Real Estate México on the sale of a MXN 1.1 billion secured loan to Goldman Sachs and the sale of a USD 240 million secured loan to HSBC.
Category: Banking & Finance,Of Counsel,Project Finance,Real Estate
written by Lizbeth Bermúdez | April 28, 2024
Federico is an Of Counsel at Nader Hayaux Goebel. He specializes in banking and finance law, real estate and asset based cross-border financings, structured financing, mergers and acquisitions, private equity, project finance and fintech. He has also a strong experience in corporate and commercial law matters.
He has advised different industries including banks, insurance and bond institutions, fintech, touristic, social infrastructure, sofomes and transportation advising private equity funds, insurance companies, financial entities and governmental agencies.
Federico has a law degree from the Escuela Libre de Derecho (2009), and holds a master’s degree in financial and securities regulation from Georgetown University (Washington, DC, 2013).
He worked as an international attorney at Paul Hastings LLP New York’s office in the Latin American corporate practice department, where he advised foreign clients (mainly Latin Americans) on initial public and bond offerings, as well as cross-border financial transactions.
Work Highlights
- Represented fintech entities such as Mercado Libre and Lendable in the structuring, negotiation and implementation of structured financings.
- Advised in cross-border and domestic asset-based financings, among others, financing institutions and other credit entities such as, MUFG Bank, Bank of America, PNC Bank, Capital One, White Oak, Wells Fargo, CIBC Bank, Northgate Capital and Deutsche Bank.
- Regularly represents MILA – MetLife Real Estate and PGIM Real Estate in large real estate financings in different industries, including hospitality, industrial, retail, office and residential developments across the country.
- Assisted Cobre del Mayo in the structuring and implementation of collateral in connection with its offer to exchange Senior Notes due 2018 for Senior Secured PIK Toggle Notes for a principal amount of up to USD$131.11 million (Secured Notes), and Non-Interest Bearing Subordinated Notes for a principal amount of up to USD $92.42 million.
- Advised Fondo Nacional de Infraestructura (FONADIN), and Balam Fund in their co-investment of MXN$1,670 million in the capital stock of Energía Eólica del Sur (EES) together with Mitsubishi, as part of the restructuring and refinancing of a wind farm project in the state of Oaxaca.
Category: Banking & Finance,Mergers and Acquisitions,Partner,Project Finance,Real Estate
written by Lizbeth Bermúdez | April 28, 2024
Ana Paula is a partner at Nader Hayaux Goebel and primarily specializes in securities and capital markets, with significant experience in secured transactions, including joint ventures, as well as related regulatory and corporate law matters. She is regularly involved in cross-border transactions related to the structuring, development and financing of projects in Mexico.
Ana Paula also specializes in real estate development, financing and investment transactions. She has represented major market participants in a wide range of real estate projects, including commercial, industrial, residential and business developments, as well as tourism-related projects such as hotels, timeshare projects and mixed-use developments. She also has significant experience advising clients on the structuring of development capital certificates (CKDs), investment project certificates (CERPIs), real estate investment trusts (FIBRAs), FIBRA-E structures, private equity funds and other investment instruments for the real estate sector. In addition, she regularly advises domestic and international sponsors and issuers, AFOREs, banks and financial institutions, among others.
She is part of Nader Hayaux Goebel’s specialized team focused on advising Mexican and foreign companies in their transition toward a regenerative economy through the implementation of sustainable development principles and ESG criteria. This has led her to participate in ESG-linked issuances and financings and to develop extensive experience in sustainable finance matters.
She has also developed significant knowledge in sustainability reporting and metrics, as well as Climate Governance matters.
Ana Paula has been recognized by Chambers & Partners Latin America and Global, as well as Legal 500, in Capital Markets since 2017 and 2022, respectively. She was also recognized as one of the “Women Who Will 2021” in the global list published by Obelisk Support and The Next 100 Years.
She obtained her law degree from Universidad Panamericana, Guadalajara campus, in 2007, and earned an LL.M. from New York University School of Law in 2012, with a specialization in Corporate Law.
Work Highlights
Capital Markets
- Advised the AFOREs on their investment in the FIECK CKD and their resulting participation in the Iberdrola power plants and, subsequently, advised the AFOREs and FONADIN on the conversion of such CKD into a Fibra-E through an initial issuance of up to USD 4.5 billion.
- Advised BBVA México as placement agent in a CERPI issued under a shelf registration program for an amount of up to USD 10 billion.
- Advised Total Play on its USD 575 million international offering of notes pursuant to Rule 144A and Regulation S.
- Advised Total Play on the establishment of its first MXN 5 billion debt securities program (certificados bursátiles) as a direct issuer, as well as the first two short-term issuances thereunder, each for MXN 1 billion.
- Represented Fibra Danhos in the successful registration of its consecutive long-term public debt programs for up to MXN 8,000 million each, as well as issuances thereunder, including a sustainability-linked bond (SLB) issuance.
- Represented Total Play, in the successful placement of USD 600 million aggregate principal amount of senior notes in the international markets.
- Advised Total Play on the successful USD 600 million offering of senior notes in the international markets.
- Advised Artha Capital in the launch of a total of three development trust certificates (CKDs), including ARTCK13 and ARTCK13-2, the first multi-series CKD in Mexico.
- Represented Grupo Elektra in various debt issuances for up to USD 223 million within a single calendar year, including sustainability-linked bond (SLB) issuances and the establishment of debt programs for up to MXN 8 billion.
- Advised Vise and Impulsora de Soluciones en Infraestructura in the public tender launched by the State of Mexico for a PPP contract regarding the refurbishment, preservation and maintenance for 12 years of 1,637.80 kilometers of highways in the State of Mexico.
Corporate
- Advised Metropolitan Life Insurance Company as seller of all of its shares in Afore MetLife and its subsidiaries to Principal Financial Group.
- Advised subsidiaries of Grupo Salinas in the acquisition from entities controlled by Spanish banks of certain land parcels and real estate developments in the Riviera Maya for an amount of USD 136 million.
- Advised both Evercore Casa de Bolsa in the sale of its trust business in Mexico to CIBanco, and CIBanco in the acquisition of Deutsche Bank’s trust business in Mexico through a spin-off and merger process.
Banking and Finance | Regulatory
- Advised Be Grand in a MXN 2.5 billion syndicated financing and an approximately MXN 1.5 billion investment to complete its acquisition of a 50% interest in the trust rights of a trust indirectly holding an interest in the real estate portfolio known as Nomad, comprised of six multifamily buildings and valued at approximately MXN 5.5 billion at the time of the transaction.
Category: Aviation,Energy,Infrastructure, PPPs and Government Procurement,Mergers and Acquisitions,Partner,Project Finance
written by Adrián Trejo Santiago | April 28, 2024
Santiago Medina Z. is a Partner at Nader Hayaux Goebel whose practice is anchored in the energy and power sector, covering the full transaction lifecycle from project development, structuring and regulatory matters through financing, M&A, and financial restructuring. His work spans conventional and renewable generation, natural gas infrastructure, transmission and distribution, and the broader energy transition.
He advises on domestic and cross-border transactions across infrastructure, energy, transportation, water, and social sectors. His clients include financial institutions, development banks, governmental entities, national and multinational companies, and private equity and infrastructure funds in project structuring, government procurement, public-private partnerships, joint ventures, strategic alliances, acquisitions, project finance, and restructurings and workouts. He has negotiated and advised on material project agreements including PPAs, offtake contracts, EPC and O&M agreements.
As a member of the firm’s Aviation Practice Group, Santiago advises banks and institutional lessors in the leasing and secured financing of commercial and private aircraft, including sale-leaseback, JOLCO and PDP financings, and represents creditors in airline restructurings, most notably as counsel to the largest ad hoc group of bondholders in the Aeromexico Chapter 11 proceedings.
He collaborates with the firm’s Sustainability and ESG Transition Working Group. Prior to his current role, he served as a Visiting Attorney at Gibson, Dunn & Crutcher LLP in New York (2013–2014), where he participated in M&A and energy and infrastructure transactions.
Santiago earned his law degree from Universidad Iberoamericana and a Master of Laws (LL.M.) from Harvard Law School. He is a member of the Mexican Bar Association (Barra Mexicana, Colegio de Abogados), the ICC Energy Commission, and the American Bar Association. His practice has been recognized by leading international legal directories, which highlight his experience in energy, infrastructure, project finance, and complex cross-border transactions.
Work Highlights
Energy and Natural Resources
- Represented a syndicate of 13 financial institutions in the USD 2.5 billion financing to Energía Mayakan (ENGIE Group) for the development, construction and operation of a ~694 km natural gas pipeline expansion parallel to the existing Mayakan system, primarily serving CFE,one of the largest project finance transactions in Mexico’s energy sector.
- Represented Bancomext in the financing to Vega Solar 6 (Atlas Renewable Energy) for the Guajiro Solar Project (126.5 MW) in Hidalgo, with CFE Suministrador as offtaker.
- Represented Sumitomo Mitsui Banking Corporation in two credit facilities to OPDEnergy subsidiaries for solar plants in Aguascalientes (29.67 MW) and Coahuila (82.5 MW), with CFE Suministrador as offtaker, and in a subsequent change of control to Riverstone.
- Represented Citibank, Citibanamex and institutional investors in a USD 347 million financing to a BlackRock affiliate for expansion of coal transport and port logistics facilities at Lázaro Cárdenas Port supplying the CFE Petacalco power plant.
Reestructurings and Workouts
- Represented an ad hoc group of creditors under a USD 710 million loan facility in the restructuring of a 526-MW gas-fired combined cycle power plant in Texas supplying electricity and capacity to the Mexican market and CFE, and the related Chapter 11 proceedings.
Mergers and Acquisitions
- Represented Macquarie Asset Management in the acquisition of Reden Solar from InfraVia Capital Partners and Eurazeo for €2.5 billion, a 762 MW operational solar portfolio with a 15 GW development pipeline, including three operational projects in Mexico.
- Represented a multinational company in the bid to acquire Atlas Renewable Energy from Actis.
- Advised one of the largest global infrastructure asset managers in the bid to acquire an interest in an entity holding Sempra’s LNG business, IEnova’s infrastructure platform, and their renewables portfolio.
- Advised Pemex in the unwinding of its joint venture with IEnova in Gasoductos de Chihuahua for USD 1.325 billion.
Infrastructure, PPPS & Project Finance
- Represented a syndicate of lenders in the restructuring of facilities for Concesionaria AT-AT (Aleatica subsidiary) for the 40-year construction, operation and maintenance of the Atizapán-Atlacomulco toll road in the State of Mexico.
- Represented Desarrolladora y Operadora de Infraestructura de Oaxaca (GIA+A subsidiary) in the total voluntary redemption of bonds “DOIXCB 15” and “DOIXCB 15U” in the context of refinancing its federal prison project in Oaxaca, for a total of MXN 3,969 million.
- Represented Suez Medio Ambiente México and Suez International in negotiations for a 37-year PPP agreement with the State Water Commission of Baja California for the design, construction, operation and maintenance of the largest desalination plant in Latin America, in Rosarito, including EPC and O&M contracts.
- Represented Banco Santander (México) and a syndicate (Banobras and Inbursa) in the financing of Concesionaria AT-AT (OHL México / Aleatica) for the Atizapán-Atlacomulco toll road.
- Advised Several banks and financial institutions on cross-border financings secured with assets located in Mexico.
- Advised Proparco and DEG in the USD$70 million financing of a project involving the deployment of nearly 2,852 kilometers of fiber optic cable, establishing the first fully integrated express corridor linking Querétaro (Mexico) and Phoenix (United States) via the Mexican Pacific region.
Aviation
- Advised CMB Financial Leasing in the USD 730 million PDP financing of 4 A320Neo and 3 A321NX aircraft, to be sold to an Irish SPV of CMBFL and leased to Volaris.
- Advised SMBC Aviation Capital in PDP and sale-leaseback financings of 12 A320Neo to VivaAerobus.
- Represented the lenders and investors (SMBC, Nomura, Babcock & Brown, Natixis, NTT Finance Corporation and Development Bank of Japan) in the JOLCO financings of Aeromexico’s 787-9 Dreamliners, each for approximately USD 110 million.
- Represented the banks and institutional lessors in the leasing and secured financing of private and commercial aircraft.
Category: Banking & Finance,Mergers and Acquisitions,Partner,Securities and Capital Markets
written by Lizbeth Bermúdez | April 28, 2024
Miguel Ángel is an attorney specialized in transactional, banking, and financial law, with experience in financing sectors, securities placements, and related corporate law matters, including joint ventures, mergers and acquisitions, and private equity.
He has advised several Mexican and foreign clients, including financial institutions and private and public equity funds, on banking and financial transactions, as well as mergers, acquisitions, joint ventures, and restructurings, including cross-border securities, commercial bankruptcies, and structured financings.
Miguel Ángel has been awarded the recognition as Rising Star of the Year by The Legal 500 in the high- level mergers and acquisitions practice, as Leading Lawyer of the Year by LexTalk World and has been consistently recognized by Best Lawyers.
He holds a law degree from the Universidad Panamericana (2009) and a specialization in Corporate Law (2010) from the same university with honors.
Miguel Ángel earned a master’s in financial law (LL.M.) from the Institute for Law and Finance at the Goethe University Frankfurt (2013) and a master’s in business administration and finance from the Tecnológico de Monterrey.
Work Highlights
Banking and Finance
- Provided counsel to several Prudential entities in the acquisition of notes issued by various Mexican companies, including Controladora Mabe issued by FIBRA Macquarie and the Altex group in private placements.
- Advised the Inter-American Investment Corporation on loans granted to various Mexican companies, including Equípate, Procsa, Grupo KUA, Residencial Atlas, and the Council for Assistance to Microentrepreneurs (CAMESA).
- Advised Bank of Montreal, as administrative agent of a syndicate of banks, in financing Element Financial Corp for the acquisition of GE’s entire fleet of terrestrial vehicles in multiple jurisdictions.
- Has continuously advised Wells Fargo on multiple syndicated and cross-border transactions involving multiple jurisdictions, as well as the perfection of various collateral packages related to these transactions.
- Advised various Mexican and foreign banks and institutions in factoring operations and supply chain financing.
Corporate
- Advised Axis Asset Management (Axis) on the investment and partnership with minority partners in the entities of Grupo Corvi and Sahuayo, which are highly relevant competitors in the retail grocery market.
- Advised Axis on the structuring and implementation of co-investments with Navigatis Radiance and ENAV and their respective subsidiaries, whose main activity is the acquisition and operation of vessels providing services to the oil and gas industry.
- Advised the public fund manager Vertex on the sale of its stake in the Seasons Hotel in Mexico City.
- Advised Grupo Herdez on the acquisition of the entire Mojo business and the renegotiation of various franchise agreements.
- Advised Terraforma, a major private real estate fund, in the acquisition, co-investment, partnership, and development of various real estate projects across Mexico.
- Advised the public fund manager DeltaCKD on the co-investment for a significant residential development in the Riviera Maya.
Category: Banking & Finance,Mergers and Acquisitions,Partner,Real Estate,Securities and Capital Markets
written by Adrián Trejo Santiago | April 28, 2024
Jenny Ferrón is a partner at Nader Hayaux Goebel and a leading practitioner in banking and finance, capital markets, mergers and acquisitions, and corporate law, with a strong fintech and private equity, venture capital, and private credit practice. She advises Mexican and international companies, financial institutions, investment banks, and private equity and venture capital funds on complex cross-border transactions, sophisticated financing structures, and access to public and private capital markets.
Her banking and finance practice covers syndicated credit facilities, acquisition financings, refinancings, intercreditor arrangements, securitizations, and asset-backed transactions, advising lenders, borrowers, and sponsors across the capital structure. On the capital markets side, she handles the full transaction lifecycle, from legal design and regulatory structuring to execution, across IPOs, follow-on offerings, debt and equity issuances, and structured financings. She has deep expertise in the structuring and placement of FIBRAs, FIBRA-E, CERPIs, and CKDs, as well as Rule 144A and Regulation S cross-border offerings. Her M&A and corporate practice span strategic acquisitions, asset sales, share purchase transactions, and corporate restructurings for both domestic and cross-border clients.
Jenny also advises fintech companies, startups, and high-growth businesses on venture capital, growth equity, and private credit financing, from seed through institutionalization and exit, and on the regulatory structuring of electronic payment institutions, digital asset solutions, and cross-border financial services. She works alongside private equity and venture capital funds in their formation, investment, and exit strategies.
Jenny holds a law degree from Universidad Panamericana and an LL.M. from Fordham University School of Law. She began her career at Goldman Sachs in New York, subsequently joined NHG, and went on to spend four years as an associate at Skadden, Arps, Slate, Meagher & Flom LLP in New York before returning to Nader Hayaux Goebel as partner, a trajectory that gives her a commanding practical perspective on international financial markets and the demands of sophisticated global transactions.
Jenny’s professional standing has been recognized by the leading international legal directories. Legal 500 has named her a Next Generation Partner for two consecutive years, highlighting her strong technical expertise, strategic leadership, and key role in some of the market’s most complex and high-profile transactions. She has also been recognized by Latin Lawyer in the Banking & Finance area, reflecting her reputation as a trusted advisor in the industry.
Work Highlights
Banking And Finance | Private Credit
- Advised Pulso Inmobiliario on the refinancing of its hotel projects Breathless & Secrets Riviera Cancún, Dreams Riviera Cancún, Dreams Natura, and Secrets & Dreams Vallarta Bay, through the structuring and execution of a USD 350 million syndicated credit facility.
- Advised an ad hoc group of holders of 7.000% Senior Notes due 2025, as lenders in Aeroméxico’s DIP financing, as part of its Chapter 11 bankruptcy proceedings in the United States.
- Advised Bio Pappel and its Mexican and foreign subsidiaries on the execution of a second amendment and reaffirmation of a USD 70 million note purchase agreement.
- Represented a globally present Mexican consumer group in a USD 2 billion multicurrency revolving credit facility provided by a syndicate of international banks, structured to finance a USD 1.7 billion international acquisition.
- Acted as special Mexican counsel to several entities acting as initial purchasers of the totality of certain Senior Secured Notes issued by DeepOcean.
- Advised Kora Management as purchaser under a note purchase agreement through which Tecnologías Diffiere (Plata Card) raised USD 55 million through the issuance of senior unsecured bonds.
Capital Markets
- Advised Nueva Elektra del Milenio, as issuer, and Grupo Elektra as payment guarantor, in connection with the creation of a cross-border remittances securitization program and its first Rule 144A and Reg S Senior Notes offering for USD 500 million, as well as a second indirect offering of senior secured notes for USD 350 million.
- Advised FIBRAeMX on the establishment of its first CBFE program for energy and infrastructure projects and its first Series A CBFE issuance for MXN 3.9 billion.
- Advised Murano on the establishment of the first multi-CERPI registration in Mexico for up to MXN 20 billion over five years, for the development of three hotels in Mexico.
- Advised Artha Capital on the launch of its fourth and fifth CKDs for an aggregate amount of MXN 14 billion, and on the launch of its fifth public fund (CKD) for MXN 12 billion.
- Advised Credit Suisse (Mexico) and Punto Casa de Bolsa as lead underwriters in a public offering of Certificados Bursátiles Fiduciarios Inmobiliarios (CBFIs) in Mexico for MXN 9.43 billion.
- Advised Cobre de Mayo on its offer to exchange Senior Secured Notes for senior secured PIK toggle notes, for up to USD 300 million.
- Advised Fibra Hotel on the establishment of its first equity program in Mexico for MXN 10 billion, with the first issuance intended for the acquisition of Hotel Fiesta Americana Condesa Cancún.
- Advised the U.S. subsidiary of a globally present Mexican consumer group in its Rule 144A / Reg S offering of USD 1.25 billion of senior notes, comprising the reopening of USD 450 million senior notes and a new issuance of USD 800 million senior notes.
- Represented the U.S. subsidiary of a globally present Mexican consumer group in its Rule 144A / Reg S offering of USD 1 billion senior notes in two tranches for USD 1 billion senior notes, as well as in a concurrent tender offer for USD 800 million.
Mergers & Acquisitions
- Advised Altos Ventures, on its investment in Kueski, including negotiation of investment documents, financing round structuring, governance arrangements, and analysis of applicable regulatory aspects.
- Advised Colony Capital on the acquisition of Abraaj Holdings, through its CKD vehicle in Mexico.
- Advised Celanese Corporation on the acquisition of Italian group SO.F.TER.
- Advised a leading Mexican insurance company and one of its subsidiaries on the acquisition of a cutting-edge medical digital platform.
- Advised a leading American online personal finance company on the acquisition of a Mexican banking institution in connection with its entry into the “fintech as a service” business in the region.
Category: Banking & Finance,Mergers and Acquisitions,Partner,Project Finance,Real Estate
written by Lizbeth Bermúdez | April 28, 2024
Fernando is a partner at Nader Hayaux Goebel focusing on project finance, infrastructure, water, energy and real estate, advising domestic and international sponsors, developers, lenders, investors and public-sector entities on complex cross-border transactions throughout the lifecycle of projects.
He has extensive experience in project development and project finance, including syndicated loans, structured finance, project and corporate bond issuances, private placements and securitizations, as well as M&A and joint ventures related to infrastructure and real estate assets. He regularly advises on transactions involving water, transportation, ports, toll roads, hospitals, oil & gas and renewable energy projects.
Fernando also has a strong and integrated real estate practice, representing clients on hospitality developments (hotels, resorts and branded residences), as well as industrial, commercial and mixed-use projects.
His practice also includes the structuring of real estate investment trusts (FIBRAs), private equity funds and other structured investment vehicles for real estate and infrastructure assets.
From 2019 to 2022, Fernando worked at the New York offices of Clifford Chance US LLP and Latham & Watkins LLP, as a member of the Latin America practice group, participating in high-profile transactions across projects, energy & infrastructure, capital markets and banking & finance.
Fernando holds an LL.M. from the University of Chicago Law School and graduated with honors from Escuela Libre de Derecho, where he served as President of the Law Students Association. He is admitted to practice law in Mexico and New York and has been recognized by leading legal publications for his work in project finance, infrastructure, and real estate.
Work Highlights
Infrastructure, PP’s & Projects
- Advised Empresas Públicas de Medellín in the strategic sale of its Mexican wastewater platform (TICSA) to Odinsa Aguas.
- Advised a syndicate of lenders, as Mexican counsel, in the USD 2.5 billion New York law-governed project financing for the Mayakan natural gas pipeline expansion, including the VAT facility for the construction stage of the project and the restructuring of trust accounts and cash waterfalls.
- Advised the Water Operator Agency of Los Cabos (OOMSAPAS) in (i) the 25-year municipal PPP project for a 250 l/s desalination plant, including a source of payment and security structure backed by local and federal revenues, and (ii) the MIG integrated water management system, a 10-year PPP with Aqualia to modernize, operate and enhance the efficiency and reliability of the potable water network in Cabo San Lucas.
- Advised FIBRAeMX in the MXN 5.2 billion acquisition of an equity interest in a toll road concession from Aleatica and Invex, involving a mixed consideration structure consisting of cash and CBFEs.
- Advised the International Finance Corporation (IFC) in the structuring and potential USD 850 million financing of Mexico’s first indirect potable reuse water project.
- Advised Construcciones y Auxiliar de Ferrocarriles (CAF) and its subsidiary Ferrocarriles Suburbanos in the restructuring and refinancing of Mexico’s main commuter railway concession, involving the refinancing of senior and subordinated debt facilities by a syndicate of lenders led by Banobras and backed by Fonadin.
- Advised Grupo Murano in connection with the structuring of the concession arrangement for a tourism-anchored port and cruise terminal project, including related hospitality, retail and industrial components.
- Advised Currie & Brown in connection with the consortium and joint venture structuring for the PPP of the National Children’s Hospital San Borja in Peru.
- Advised APP Coatzacoalcos-Villahermosa, as transaction counsel, in the MXN 1.95 billion securitization of collection rights arising from the long-term federal PPP project for the rehabilitation, conservation and maintenance of the Coatzacoalcos–Villahermosa highway.
- Advised a syndicate of financial institutions, including Goldman Sachs, J.P. Morgan, MUFG, SMBC, SocGen and CACIB, in the USD 906 million multi-source financing of the Rumichaca-Pasto 4G toll road concession in Colombia.
- Advised Goldman Sachs and Santander on the USD 746 million hybrid loan/bond financing for the Río Magdalena 2 4G toll road concession in Colombia.
- Advised Goldman Sachs and Santander on the USD 746 million hybrid loan/bond financing for the Río Magdalena 2 4G toll road concession in Colombia.
- Advised Itaú, KfW IPEX-Bank and MetLife on the second-ever international securitization of government receivables for a Paraguayan public works project, involving a USD 128 million sale and purchase facility to acquire government receivables from the project SPV, and a USD 130 million Rule 4(a)(2) private placement to fund the acquisition of such receivables.
Real Estate
- Advised Grupo Murano in the refinancing of its Grand Island Cancún hospitality project through the issuance of USD 300 million of senior secured notes, offered pursuant to Rule 144A/Reg S under U.S. securities laws.
- Advised Advance Real Estate, through several subsidiaries, in the sale of its industrial real estate portfolio to Thor Urbana, comprising more than a dozen industrial properties and land reserves located across Mexico.
- Advised a syndicate of lenders, including Sabadell, SabCapital and Santander, in connection with the USD 138 million senior secured credit facility granted to a trust vehicle controlled by Irongate for the construction and development of the Four Seasons Resort Los Cabos at Costa Palmas, a premier luxury residential and resort project in Baja California Sur.
- Advised a syndicate of lenders, including Sabadell, Santander, Bancomext and Avantta, in connection with the USD 135 million senior secured credit facility granted to Riviera Isla Maya, to finance the construction and development of the St. Regis Hotel and Residences in Cancún (Costa Mujeres), a flagship luxury hospitality and residential project of AB Living Group.
- Advised Reddy Ice, in its acquisition of 100% of the capital stock of Fábrica de Hielo Apodaca (Aguafría), the largest ice manufacturer in Mexico.
- Advised BEA Equities and Corporativo Kosmos in the structuring and negotiation of the hotel management agreement and related financing for the development and operation of the Hyde Reforma Mexico City hotel.
- Advised a syndicate of lenders led by Scotiabank in connection with the USD 85 million multiple-draw senior secured credit facility granted to a trust vehicle controlled by Industrial Realty Group, for the acquisition of several industrial real estate portfolios comprising multiple assets across Mexico.
Category: Antitrust,Mergers and Acquisitions,Partner
written by Lizbeth Bermúdez | April 28, 2024
Alejandro specializes in economic competition law and has extensive experience advising various companies in this field. Throughout his career, he has provided counsel to clients in numerous merger notification procedures, investigations on abuse of dominant position, and both absolute and relative anticompetitive practices, as well as in procedures followed in the form of litigation. He has also developed compliance and prevention programs in economic competition for several companies. Alejandro was part of the legal team at the now-defunct Federal Economic Competition Commission of Mexico.
In addition, he focuses his practice on compliance matters, particularly those related to corruption in economic competition, with a special emphasis on investigations into potential violations of the Foreign Corrupt Practices Act (FCPA). He also provides anti-corruption consulting and training. Furthermore, he has extensive experience in corporate matters, representing foreign companies in Mexico in corporate decision-making.
Alejandro is a member of organizations such as the International Chamber of Commerce, where he serves as Vice President of the Federal Economic Competition Commission. He is also a member of the Mexico-United States Chamber of Commerce and the American Bar Association. Additionally, he is actively involved in nonprofit organizations, providing pro bono legal advice and consulting to the Consejo de la Comunicación de México, where he holds the position of Secretary.
Alejandro obtained his law degree from Universidad Latinoamericana and his master’s in international business law from the Queen Mary School of the University of London. He pursued further studies in competition law at the Instituto Tecnológico Autónomo de México (ITAM) and The College of Law of England and Wales.
He is currently the head of the Economic Competition Department in the Master of Laws (LL.M.) program at Universidad Anáhuac México.
Work Highlights
Antitrust
- Advised a major banking institution in an investigation into absolute monopolistic practices by the Federal Economic Competition Commission.
- Advised an insurance company in the sale of its stake in a supplementary services company in Mexico, Brazil, Colombia, and Argentina, obtaining approval from the competition authorities.
- Advised a multinational company in the acquisition of several sugar mills in northern Mexico.
- Implemented a competition compliance program for a leading company in the automotive industry.
- Provided competition law advice to an investment fund for the acquisition of a portfolio of hotels in the southeastern part of the country.
- Advised a Mexican commercial airline in the implementation of its global anti-corruption program.
- Advised a trust company in the acquisition of part of the fiduciary business of an international bank, securing approval from competition authorities.
- Advised a Mexican airline in the sale of part of its shares to an international commercial aviation company, obtaining approval from the competition regulators.
- Provided advice to a Mexican investment fund in the acquisition of renewable energy parks.
- Represented a multinational pharmaceutical company in an investigation into absolute monopolistic practices initiated by the Federal Economic Competition Commission.
- Advised an auto parts company in northern Mexico in an investigation for violations of the Foreign Corrupt Practices Act (FCPA).
Category: Associate,Banking & Finance,Mergers and Acquisitions,Project Finance
written by Adrián Trejo Santiago | April 28, 2024
Paulina Bracamontes works as an associate at Nader Hayaux Goebel and specializes in banking and finance, M&A and project finance, with significant expertise in banking and finance. She has advised national and multilateral banking institutions, as well as Mexican entities, in connection with the structuring, negotiation and formalization of corporate and project finance loans and equity investments.
Paulina has also advised banking institutions and other financial entities concerning regulatory matters, as well as related corporate matters, including obtaining authorizations granted by Mexican financial authorities.
Paulina has substantial experience in the structuring, negotiation and closing of complex financing transactions involving Mexican entities belonging to a wide range of sectors and industries.
Paulina has also advised several leading companies in the telecommunications sector, such as Telefónica Movistar and Eutelsat in a variety of transactions, including in practices such as mergers and acquisitions and capital markets. In addition, she has also advised other foreign telecommunications companies in telecom regulatory matters.
Paulina worked as international associate at Simpson Thacher & Bartlett LLP, in New York. Paulina Bracamontes obtained her bachelor degree as attorney at law from Escuela Libre de Derecho in 2014 and her master degree by Georgetown University Law Center in 2022.
Category: Antitrust,Aviation,Banking & Finance,Mergers and Acquisitions,Partner,Workouts & Insolvency
written by Lizbeth Bermúdez | April 28, 2024
Jorge is a Partner at Nader Hayaux Goebel. His practice focuses on representing clients in highly complex transactions, advising them in sophisticated negotiations and transactions. Jorge has represented investors and companies in restructuring and insolvency matters involving asset acquisitions and debt acquisitions, as well as debtors and creditors in both judicial and out-of-court debt restructuring proceedings.
He also specializes in designing legal strategies for contentious matters, including shareholder disputes involving both publicly traded and family-owned companies. He also represents clients before government authorities and participates in the development of negotiation and dispute resolution strategies aimed at resolving conflicts efficiently and achieving comprehensive settlements.
In addition, Jorge advises clients on financing transactions and debt issuances, as well as on mergers and acquisitions and the structuring of investment vehicles for multinational companies.
Jorge gained international experience in New York, where he was a member of the Global Financial Markets team focused on Latin America at Clifford Chance US LLP. In that role, he participated in debt restructuring processes, international securities offerings, capital markets transactions, and cross-border mergers and acquisitions involving multinational companies.
He earned his law degree, cum laude, from Escuela Libre de Derecho and an LL.M. from Columbia Law School in New York, where he was recognized as a Harlan Fiske Stone Scholar for academic excellence.
Work Highlights
Workouts and Insolvency
- Advised the holders of GHOCB14 and SIPYTCB13 CEBURES in connection with the restructuring of debt issued by issuer trusts involving transportation companies that form part of the IAMSA Group.
- Advised the holders of CEBURES issued by Operadora de Servicios Mega, in connection with the restructuring of the issuer’s indebtedness.
- Advised Argentem Creek Partners in negotiations with Alonso Ancira Elizondo regarding the exit of him and his family from the management and shareholding structure of Altos Hornos de México (AHMSA), and participated in the negotiation of the restructuring of the debt of AHMSA and its subsidiary Minera del Norte, within their respective insolvency proceedings, enabling the implementation of debtor-in-possession financing and the injection of capital by a new investor group.
- Advised ZKC in the restructuring of its indebtedness with creditors from the Mexican financial system.
- Advised the holders of Grupo Radio Centro’s CEBURES in connection with the restructuring of the issuer’s indebtedness.
Banking and Finance
- Advised Grupo Financiero Banorte in connection with a credit facility granted to a structured investment vehicle managed by PGIM Real Estate.
- Advised Grupo Financiero Banorte in connection with a credit facility granted to a CKD managed by Riverstone.
- Advised Grupo Financiero Banorte in connection with a credit facility granted to a CERPI managed by BlackRock.
- Advised Banco Azteca, on the issuance and early repayment of subordinated notes.
- Advised HSBC México, Grupo Financiero HSBC, on the issuance of subordinated notes.
Corporate|Mergers & acqusitions| Shareholder Disputes
- Advised the shareholders of a petrochemical company in the negotiations for the investment by a minority shareholder in a 49% equity interest in the company.
- Advised one of the shareholders of one of the largest textile businesses in Mexico in preventing a hostile takeover by another shareholder and retaining control of the company. Supervised and coordinated the commercial litigation and criminal law teams involved in the defense of the controlling shareholder. Negotiated the sale of the controlling shareholder’s equity interest in the company.
- Advised Pantaleón in connection with various investments in Mexico, as well as in the negotiation of contractual disputes.
- Advised Transportes Aeromar in the negotiations for Avianca’s acquisition of a 49% equity interest in the company and in the negotiations for the termination of such transaction.
Capital Markets
- Advised Grupo Elektra in connection with the cancellation of its registration with the Mexican National Securities Registry (Registro Nacional de Valores).
- Advised TV Azteca in connection with the cancellation of its registration with the Mexican National Securities Registry (Registro Nacional de Valores).
- Advised Inter-American Investment Corporation (IDB Invest) and the Inter-American Development Bank (IDB) on the issuance of USD 218.5 million in 15-year bonds to refinance the “Routes 2 and 7” highway project in Paraguay. The transaction was the first Rule 4(a)(2) private placement by a multilateral institution in Latin America to finance a project with ongoing construction risk.
- Advised BofA Securities and HSBC Securities (USA), as initial purchasers and placement agents, in connection with Interconexión Eléctrica’s inaugural issuance of USD 330 million aggregate principal amount of senior notes.
- Advised BBVA, Bank of America, Goldman Sachs, and Scotiabank, as joint bookrunners and initial purchasers, in connection with Telefónica Móviles Chile’s issuance of USD 500 million aggregate principal amount of senior notes.
- Advised Instituto Costarricense de Electricidad (ICE), Costa Rica’s state-owned electricity and telecommunications provider, in connection with its issuance of USD 300 million aggregate principal amount of sustainability-linked senior notes.
Category: Associate,Banking & Finance,Mergers and Acquisitions,Workouts & Insolvency
written by Lizbeth Bermúdez | April 28, 2024
Daniel is an associate at Nader Hayaux Goebel, and his practice focuses on banking and finance, including cross-border asset-based financing and real estate, as well as complex insolvency and restructuring matters. He regularly advises lenders, investors and corporate clients on sophisticated financial transactions and distressed situations across multiple industries.
Daniel has advised a broad range of Mexican and international clients, including financial institutions and private funds, on banking and finance transactions, debt restructurings, cross-border securities offerings and acquisitions. He also advises foreign clients seeking to establish and expand their operations in Mexico, assisting them with corporate structuring, regulatory compliance and transactional matters related to their market entry.
Daniel obtained his law degree from Universidad Iberoamericana in Mexico City in 2020.
Work Highlights
Banking & Finance
- Advised Bancomext, as lender, in the establishment of a USD 120 million term credit facility granted in favor of CIBanco, aimed at the development of complementary infrastructure for foreign trade, particularly real estate projects that obtain or are eligible to obtain sustainability certifications applicable to design, construction, operation and maintenance.
- Advised an international financial institution on a USD 34.5 million real estate financing. Also participated in the structuring of the related collateral package, including the contribution of additional real estate assets to a previously established security trust securing a prior financing.
Mergers & Acquisitions
- Advised Cavco Industries, in the acquisition of a Mexican subsidiary and certain assets owned by Solitaire Homes.
- Advised a technology company in the acquisition of a Mexican company engaged in the provision of technology services, as part of its growth strategy.
Capital markets
- Advised MercadoLibre in connection with its USD 750 million issuance in debt securities in the United States, bearing interest at a rate of 4.900% and maturing in 2033.
Category: Associate,Banking & Finance,Mergers and Acquisitions,Private Equity
written by Adrián Trejo Santiago | April 28, 2024
Jesús is an associate at Nader Hayaux Goebel and specializes in mergers and acquisitions, banking and finance, and capital markets, as well as corporate and advisory matters.
Hehas advised domestic and international private institutions on their regulatory framework and obligations in Mexico, as well as their entry into the Mexican market.
Jesús has also advised Mexican and foreign clients, including private and public funds and financial institutions, on banking and finance transactions, mergers, acquisitions and joint ventures.
He holds a law degree from Universidad Panamericana (2022) and a diploma in Cybersecurity Law from New York University (NYU), completed that same year.
Work Highlights
Banking and Finance
- Advised Axis Asset Management in connection with a cross-border, senior syndicated financing structured in multiple tranches for Impulsora Sahuayo and its subsidiaries, with ArtCap Advisory Services acting as agent and lender, and Banco Multiva as an additional lender. The financing comprised (i) a USD 10 million term loan, (ii) an MXN 180 million term loan and (iii) an MXN 500 million revolving credit facility.
- Advised Wells Fargo in connection with various secured cross-border financings granted to entities including AESSE Investments, CISCO, Copeland and Adams Thermal Systems, totaling more than USD 826 million.
- Advised Brigade Capital in connection with a USD 60 million secured cross-border financing for Robertshaw Group.
- Advised a syndicate of lenders represented by Kroll in connection with a EUR 500 million secured cross-border financing for Thyme Holdco.
- Advised Prudential entities on private placements involving issuers including Xignux, Softtek, Grupo Lamosa, GE-Prolec Transformers, and Grupo Altex, for an aggregate amount exceeding USD 10 billion.
- Advised various Mexican financial institutions on structured financing facilities secured by different types of receivables, including payroll, auto and mortgage loans, for a total amount of up to MXN 5 billion.
Capital Markets
- Advised Cobre del Mayo on the exchange of USD 120 million in senior secured notes due 2021 for new notes due 2026 and 2030.
- Advised Delta CKD on an acquisition and co-investment of approximately MXN 170 million in residential real estate developments in Querétaro.
- Advised the trustee of the “DELTACK18” CKD on multiple capital calls.
Mergers and Acquisitions
- Advised BlackRock on the restructuring of its investment in the Mexican wind projects Demex 1 and Demex 2. The process contemplates BlackRock’s divestment from these assets and involved negotiating various structures with different creditor groups.
- Advised Axis on a shareholder dispute with the Villaseñor family involving Sahuayo, including litigation strategy and corporate structuring that enabled the exclusion of minority shareholders.
- Advised the minority shareholders of Grupo Regio Cal, Minerales y Materiales Industriales and Ultrabásicos on negotiating their equity exit through a comprehensive process with the majority shareholders to prevent future shareholder disputes.
- Advised on the divestment of a 51% stake in Prego Capital, structuring its sale to the minority shareholder. The transaction included implementing a trust as a payment mechanism and securing a comprehensive release from corporate liabilities arising from the seller’s role as a board member.
- Advised on the structuring and negotiation of a joint venture with three Casa Lumbre SPVs and other partners for the development and commercial launch of “N’Jöyha” tequila.
- Advised Kvell on the sale of a 50% stake in the entities comprising Pro Meritum, including Tamarindo Holdings and its subsidiaries Grupo Itxassou and Fundación Pro Universitaria, for MXN 136.5 million.
- Advised Lightrock on its USD 40 million Series E impact investment in Konfio.
Category: Associate,Mergers and Acquisitions
written by Lizbeth Bermúdez | April 28, 2024
Fernando works as associate at Nader Hayaux Goebel. His practice areas include banking and finance, real estate, mergers and acquisitions and corporate law, specializing in the financing of hotels and industrial real estate.
Having worked in Mexico City’s Notary Offices 238 and 109, he has a broad experience and deep understanding of notarial and registry issues that complement his areas of practice.
He currently advises financial institutions in the structuring of real estate financings throughout the country secured by different types of collateral such as trust, mortgage, pledge and other corporate guarantees.
In addition, he has advised several companies on corporate and foreign investment matters and has extensive experience in real estate and corporate auditing.
Fernando received his law degree from Universidad Panamericana and has a specialization in commercial law from the same university.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Patricio is an associate at Nader Hayaux Goebel and specializes his practice in administrative law, infrastructure, project finance and mergers and acquisitions. During the last few years, Patricio has focused his professional career in advising clients in the legal structuring of infrastructure projects in all their stages.
He has participated in multiple administrative law projects; structuring of various contracting procedures for the award of contracts, concessions, licenses and permits, including public-private partnership projects (PPP); obtaining financing – Project Finance – and various corporate law matters, advising federal agencies, local governments, municipalities and private companies in all types of public procurement procedures. In his practice, he has also collaborated in the refinancing and restructuring of public debt of states and municipalities.
Patricio has professional experience in public and private sectors, having served in the Federal Public Administration of the Government of Mexico, where he participated in the preparation of preliminary drafts and projects of decrees, agreements, presidential resolutions, international treaties and other legal instruments prepared by the agencies and entities of the Federal Public Administration.
Patricio graduated from Escuela Libre de Derecho, attorney at law (2022), with honors for the thesis presented.
Category: Banking & Finance,Capital Markets,Mergers and Acquisitions,Partner
written by Lizbeth Bermúdez | April 28, 2024
José is partner at Nader Hayaux Goebel and specializes in cross-border and local mergers & acquisitions, sophisticated commercial transactions, joint ventures, shareholders agreements, corporate matters, and intricate transactional matters. His experience includes advising domestic and international clients across the retail, food, automotive, sport, manufacturing, financial, technology, transportation and logistics sectors.
José’s practice focuses on advising clients on the full life cycle of M&A transactions, from structuring and negotiation through closing and post-closing matters. José has guided multinational corporations, financial sponsors, and family-owned businesses in all phases of mergers and acquisitions, including buy-side and sell-side processes. He regularly participates in M&A deals, corporate restructurings, strategic alliances, transitional services, distribution and supply agreements, and other demanding commercial transactions.
He is the lawyer clients turn to for depth, precision, and commercial judgment in the most challenging M&A and commercial deals.
José worked at the international law firm Hogan Lovells in Washington, DC, as a visiting international attorney in the real estate investment trust, fund formation, and mergers and acquisitions team.
He obtained his LL.M. from the University of Chicago Law School. José graduated as an attorney from the Universidad Iberoamericana.
Work Highlights
Mergers and Acquisitions
- Advised a group of U.S. investors in the cross-border acquisition of a 50% stake in a Mexican soccer team.
- Advised an OEM automotive manufacturer in the cross-border acquisition of its Mexican importer and distributor.
- Advised major multinational corporations in the negotiation and drafting of complex commercial agreements, including distribution, supply, licensing, technology transfer, and strategic alliance contracts.
- Advised clients across multiple industries in day-to-day corporate, governance and commercial matters, including major multinational companies.
- Advised a group of Mexican investors on their indirect acquisition of Real Valladolid CF, within the overall acquisition led by Ignite Sports Ventures and Ben Oldman Partners.
- Advised Smart Fit on the acquisition of certain assets of California Fitness, including equipment, databases, intellectual property and leases.
- Advised Rappi on the sale to Banorte of all of its shares in Tarjetas del Futuro, and on the execution of an exclusive 15-year financial product commercialization agreement.
- Advised Bumble Bee Seafood Company, on the acquisition of the outstanding loan and creditor rights held by a syndicate of lenders against Procesamiento Especializado de Alimentos (Procesa), followed by the execution of an asset purchase agreement for the acquisition of Procesa’s tuna processing and canning business located in Tapachula, Chiapas.
- Advised a Hong Kong investor, who is a leading Hong Kong and global cross-border logistics and supply chain player, in its investment in Awesome Cargo.
- Advised Andersen Group on the acquisition of various Mexican member firms.
Banking and Finance
- Advised HKE1, ResponsAbility Global Micro and SME Finance Fund, ResponsAbility (SICAV) Agriculture Fund and Avenue Sustainable Solutions Fund on the preparation, negotiation and implementation of the Mexican law-governed guarantees relating to an international financing of more than USD 210 million granted under New York law in favor of Agro Vision.
- Advised Bumble Bee Mexico in connection with its accession to a USD 516 million financing, through the execution of accession agreements to the U.S. Security Agreement, as well as the granting as collateral of certain assets of Bumble Bee Mexico to secure the obligations of Bumble Bee Foods.
Bankruptcy and Workouts
- Advised the bond holders and the common representative of GICSA (certificados bursátiles) in the restructuring of such instruments, aimed at implementing a sustainable capital structure for Grupo GICSA and strengthening its long-term financial position.
- Advised the bond holders and the common representative of the Unifin (certificados bursátiles) in the restructuring and insolvency proceeding (concurso mercantil) of Unifin.
Category: Partner,Tax
written by Lizbeth Bermúdez | April 28, 2024
Ana Paula is a partner at Nader Hayaux Goebel with more than two decades of experience in tax law, advising clients on domestic and cross-border transactions, tax audits, and tax litigation. Her practice spans both corporate tax planning and advisory work and the defense of clients before tax authorities in audits and contentious proceedings.
Her practice includes advising multinational and domestic corporations on complex transactions, tax planning, wealth planning, mergers and acquisitions, spin-offs, corporate reorganizations, investments, and joint ventures. Ana Paula also has extensive experience defending taxpayers in audits before the SAT (the Mexican tax authority), in conclusive agreements before PRODECON, and in administrative appeals and administrative litigation.
Ana Paula advises investors, family offices, and the next generation of clients on sustainability and ESG compliance from a tax perspective. Her contribution lies in translating those commitments into practice from the tax treatment of sustainable transactions and investments, including environmental tax incentives and burdens, to the design of wealth and investment structures aligned with environmental, social, and governance criteria.
Her approach combines technical rigor with a long-term vision: structuring wealth, governance, and operations to be viable and sustainable over time, in alignment with each client’s sustainability commitments and corporate integrity standards.
Ana Paula offers her clients the tax certainty that transforms those convictions into sound, viable, and lasting structures. Chambers and Partners consistently recognizes her in its Global and Latin America guides. She is ranked in Band 3 for Tax: Non-contentious (Mexico) in the Latin America 2026 guide, which places her among the country’s most recognized tax lawyers since 2015. International directories highlight her notable experience in tax advisory work in Mexico, particularly on transactional matters.
She is a member of the Studies Committee of the International Fiscal Association (IFA) and a co-author of several leading international publications, including the Legal 500 Private Client Comparative Guide, the ICLG Corporate Tax, the International Tax Review M&A Guide, and Latin Lawyer Reference: Tax in Cross-Border Deals.
Before joining Nader Hayaux Goebel, she was a partner at SMPS Legal for six years. Previously, she worked as an associate at Hogan Lovells BSTL and at Basham, Ringe y Correa. Early in her career, she worked at Ortiz, Sainz y Erreguerena.
Ana Paula holds a law degree from Universidad Panamericana, a postgraduate degree from the University of Salamanca, and an LL.M. from the University of Florida – Fredric G. Levin College of Law (2007), where she earned a Certificate of Academic Excellence.
Work Highlights
- Ongoing advisor to Maritimex, on the design and implementation of corporate structures for joint ventures and M&A transactions involving the acquisition and transfer of high-value vessels, as well as on the group’s reorganization, representation before the tax authorities, and recovery of favorable VAT balances.
- Member of the Nader Hayaux Goebel team advising ENGIE on the tax aspects of the USD 2.5 billion financing for the expansion of the Mayakan gas pipeline, a critical infrastructure project for the transportation of natural gas in Mexico, involving a syndicate of 13 financial institutions.
- Advisor to Maxeon on the structuring and implementation of a joint venture for the production of solar panels in Mexico, including the legal, tax, and regulatory aspects of a guarantee scheme in favor of the Federal Electricity Commission (CFE).
- Advised VINCI Airports on the negotiation and execution of the financing documents for the indirect acquisition of a 29.99% stake in OMA (Grupo Aeroportuario del Centro Norte), for USD 1,170 million.
- Advised Total Play on the issuance of USD 600 million in Senior Notes at an annual rate of 6.375% due 2028 in international capital markets.
- Advises Estafeta and its shareholders on the tax aspects of an M&A process, including tax due diligence, contingency identification and transaction structuring.
- Advised Macquarie on the acquisition of Reden Holding and Reden Holding 2020, shareholders of entities that own three solar power generation plants in Mexico.
- Advised Paycom on the viability analysis for the acquisition of a group of entities across several jurisdictions offering payroll and treasury services, and on the regulatory and tax implications of providing such services in Mexico.
Category: Associate,Real Estate
written by Adrián Trejo Santiago | April 28, 2024
Juan José Pastrana is an associate at Nader Hayaux Goebel. His practice focuses on real estate, hospitality, financing, infrastructure projects, mergers and acquisitions, and general corporate law.
He has advised on complex financing and refinancing transactions, corporate restructurings, public-private partnerships (PPPs), institutional investments, syndicated financings, secured structures, cross-border transactions and large-scale energy projects.
He advises domestic and international clients on corporate, contractual and regulatory matters related to industrial, commercial, financial, real estate and infrastructure transactions in Mexico.
Before joining the firm, Juan José worked for nearly five years as an associate at a leading law firm in Mexico City.
In 2018, he obtained, with honors, a Master’s Degree in Business Law from Universidad Panamericana, where he also earned his Law Degree with honors in 2015.
Work Highlights
Real Estate
- Currently is advising a major real estate group in southeastern Mexico on the structuring of a hospital project in Mérida, Yucatán, to be developed as a hospital, medical office and commercial space and operated by a recognized regional hospital operator.
- Currently is advising one of the largest financial institutions in Mexico on the structuring of a project involving the sale of a portfolio of significant real estate assets for development.
- Advised a syndicate of 13 financial institutions on a USD 2.5 billion financing, under New York regulation, granted to Energía Mayakan, an ENGIE subsidiary, for the development, construction and operation of the expansion of the Mayakan gas pipeline system for the transportation of natural gas, including the construction of a new 694 km pipeline parallel to the existing system, primarily for CFE.
- Advised Santander México, Banobras and Inbursa on the negotiation and implementation of the restructuring and restatement of a senior loan granted to Concesionaria AT-AT, an Aleatica subsidiary, including amendments to the related security package.
- Advised a group of Mexican pension funds, through Amafore, including Profuturo, Afore Banamex, Afore XXI, Afore Coppel, Afore Invercap and Afore Inbursa, on an approximately USD 850 million investment to acquire nearly 35% of the equity interests in CKD Fieck, an investment vehicle holding 13 energy plants formerly owned by Iberdrola and subsequently acquired by the Mexican Federal Government through FONADIN.
- Advised Constructora y Edificadora GIA+A on the transfer to ISSSTE of Hospital Clínica Mérida, implemented through the negotiation and execution of early termination agreements under the public-private partnership agreement for the design, construction, equipment, maintenance and ancillary services of the hospital.
- Advised Santander México and a syndicate of lenders comprising Banobras and Inbursa on a senior loan and VAT financing line granted to AT-AT, an OHL México subsidiary, for the construction of the Atizapán–Atlacomulco toll road in the State of Mexico.
- Advised a Mexican construction company, as borrower, on the restructuring of a credit agreement, including amendments to the payment source and security package.
- Advised a Mexican borrower on the negotiation and execution of a secured financing, including a guarantor structure, a payment source trust and the related security package.
- Advised an investment firm on a cross-border financing involving a Mexican special purpose vehicle and a back-leverage structure granted by a U.S. financial institution to finance the development of an aquaculture project in Mexico.
- Advised an asset manager on the intra-group assignment of a subordinated loan granted to a Mexican infrastructure company.
- Advised Marriott on the sale of the Marriott Puerto Vallarta Resort & Spa to affiliates of Alójica, an investment platform sponsored by Black Creek México, ensuring that the hotel would continue to be managed and operated by Marriott under its brand.
- Advised the owner of a hotel on the structuring and negotiation of a hotel management agreement for the development and future operation of an internationally branded hotel within a large-scale mixed-use project in Cuernavaca, Morelos.
- Advised the owner and developer of a luxury hotel project on the structuring and negotiation of a long-term hotel management agreement with a recognized European luxury hotel brand for the development and operation of a five-star hotel in Los Cabos.
- Advised a Mexican real estate investment trust on implementing an investment strategy involving the acquisition of several strategically located industrial properties across various Mexican states, including a major distribution center in Mexico City through a sale-and-leaseback structure.
- Advised a self-storage company on expanding its real estate portfolio in Mexico City and the State of Mexico through the negotiation and acquisition of various properties to operate as self-storage rental facilities.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Jaime works as associate at Nader Hayaux Goebel and specializes in merges and acquisitions, corporate law, banking and finance, joint ventures, cross-border transactions, real estate transactions, government procurement, project finance and infrastructure.
His experience has mainly focused on advising diverse clients on complex and sophisticated corporate matters, as well as all type of commercial transactions. In addition, he has also advised many clients in all phases of mergers and acquisition processes in Mexico and Latin America.
Jaime has a strong background advising national and international clients in the negotiation of all type of contracts, in corporate finance and in government procurement procedures.
Prior to joining the firm, Jaime worked for 6 years in other Mexican law firms, focusing his practice in Energy, Projects, Infrastructure and Corporate Law.
Jaime holds a law degree from Universidad Iberoamericana (IBERO) since 2019 and holds a master’s degree in Business Law from Universidad La Salle since 2023.
Jaime has participated in the following matters, representing:
- VINCI Airports in the negotiation and execution of the financing documents for the indirect acquisition of 29.99% stake in Grupo Aeroportuario del Centro Norte (OMA), a Mexican airport concessionaire of 13 airports listed in Mexico with ADSs on the NYSE for USD$1.17 billion.
- Smart Fit in the acquisition of certain assets from California Fitness, such as equipment, data base, trademarks, and lease agreements for a total amount of MXN$100,000,000.
- Inmobiliaria Masach in the purchase of Constructora Paseo de los Cocoteros, owner of the “Dreams Villamagna Hotel” and the marketing rights to the hotel.
- Water Operator Agency of Hermosillo, Sonora, as the borrower (Agency), on the public bidding process to enter into an approximate USD$15 million loan provided by Corporación Financiera de América del Norte, SOFOM, ENR, (COFIDAN) as the lender, for the refinancing of the Agency’s existing public debt.
- HKE1, Responsability Global Micro and SME Finance Fund, Responsability (SICAV) Agriculture Fund and Avenue Sustainable Solutions Fund, on the preparation and negotiation of the Mexican securities of a NY Law credit facility granted to Agro Vision Corp.
- Advised the bondholders and common representative of GICSA-15, GICSA-17, and GICSA-19 in the bond restructure process.
- Several clients during agreements negotiations related to the energy sector, particularly focused on renewable energies.
Category: Associate,Banking & Finance,Compliance,Insurance and Reinsurance,Mergers and Acquisitions
written by Adrián Trejo Santiago | April 28, 2024
Mauricio works as associate at Nader Hayaux Goebel. He focuses his practice on insurance and reinsurance, mergers and acquisitions, banking and finance, regulatory and compliance, fintech, data protection, as well as corporate and consulting matters.
Mauricio advises national and international regulated and non-regulated entities and private institutions on their regulatory framework and obligations in Mexico, and their entrance into the Mexican market.
Mauricio obtained his law degree from Universidad Panamericana, Mexico City; and has diplomas in Essential of International Tax Law (2021) and Essential of Cybersecurity and Technology Law (2022), both from New York University (NYU).
Category: Associate,Banking & Finance,Private Equity
written by Adrián Trejo Santiago | April 28, 2024
Alfonso advises domestic and foreign clients on financing transactions, mergers and acquisitions, and banking and finance. His practice also provides legal advice on a wide range of corporate issues, including advising clients on companies’ day-to-day matters and structuring and negotiating contracts, among other corporate matters.
He specializes in the financial sector, frequently providing strategic guidance on structuring sophisticated credit facilities, issuing secured notes, and managing the release and granting of guarantees. His expertise extends to establishing bankruptcy-remote payment structures and navigating the intricacies of mergers and acquisitions, underscoring his extensive experience in complex financing transactions.
Alfonso graduated as an attorney in law from Universidad Panamericana in 2019; he pursued postgraduate coursework at the Northwestern University of Chicago, where he earned a Master of Laws.
Mergers & Acquisitions (M&A)
- Advised Bio Pappel and its Mexican and foreign subsidiaries on the execution of a second amendment and reaffirmation of a USD 70 million note purchase agreement.
- Advised Marriott on the sale of the Puerto Vallarta Resort & Spa Hotel, located in Puerto Vallarta, Jalisco, Mexico.
- Advised Sanofi Mexico in the structuring of strategic mergers and spin-offs in Mexico.
- Advised Figeac Aéro in its acquisition and sale of substantial all of its assets.
Financings
- Advised Mercado Libre in the structuring of a MXN 4.5 billion Asset-backed Credit Facility.
- Advised Wells Fargo on the negotiation of an Amendment and Restatement Agreement to an Asset-backed Credit Facility of up to USD 1.4 billion.
- Advised Orthogon as lender on the financing to Structura Capital Management, as borrower for an amount up to MXN 1,000 billion.
- Advised Cadence as lender on the financing to Epesos, as borrower for an amount of USD 480,000.
- Advised Cadence as lender on the financing to Prestanómico, as borrower for an amount of USD 479,449.
- Advised Cadence as lender on the financing to Productos Para Empleados, as borrower for an amount of USD 390,000.
Capital Markets
- Advised Ask Chemicals on the negotiation and issuance of a €325 million Senior Secured 10% Note.
Category: Associate,Workouts & Insolvency
written by Lizbeth Bermúdez | April 28, 2024
Carlos is an associate at Nader Hayaux Goebel, where he focuses his practice primarily on mergers and acquisitions. He advises private equity funds, multinational corporations, and strategic investors on complex and cross-border transactions, joint ventures, corporate restructurings, and divestitures across various sectors. He has also been involved in the structuring and financing of infrastructure and energy projects, as well as public-private partnerships and real estate developments. His practice encompasses a broad range of corporate and commercial matters, including mergers and acquisitions, investment funds, international commercial transactions, and strategic alliances. He has significant experience leading the coordination of legal due diligence processes in multiple jurisdictions, drafting and negotiating purchase agreements and shareholder agreements, and handling corporate governance, foreign investment, and regulatory compliance matters.
He has represented financial institutions, government entities, and national and international companies in diverse sectors such as industrial manufacturing, food and beverage, logistics, education, infrastructure, energy, and real estate. He has also participated in complex real estate transactions, including the purchase, financing, refinancing, management, and marketing of properties in the construction, housing, and logistics sectors.
Carlos received his law degree from Universidad Iberoamericana (IBERO) in 2014. He also obtained his master’s degree in business law at Universidad Anahuac and several postgraduate diplomas in finance and business negotiations at Instituto Tecnológico Autónomo de México (ITAM) and Instituto Panamericano de Alta Dirección de Empresa (IPADE), respectively. Before joining the firm, Carlos worked at the law firm Romo Paillés, S.C., focused on M&A and corporate law.
Work Highlights
- We advised Platinum Equity on Project Dominion, its $1.6 billion acquisition of Owens & Minor’s Global Products business, including all Mexican subsidiaries involved in the transaction.
- We advised Solenis LLC on its acquisition of Grupo NCH, analyzing regulatory, corporate, and anti-money laundering aspects in Mexico, as well as coordinating with U.S. attorneys on post-closing compliance matters.
- We advised Oriental Yuhong Group on Project Polaris, regarding its potential $100 million acquisition of Protexa, a Mexican subsidiary dedicated to the manufacture and sale of construction and waterproofing products.
- We advised Oriental Yuhong Group on Project Texa, related to its acquisition of Texa Laguna, a Mexican company dedicated to the production and sale of waterproofing and insulating materials.
- We advised DF Rainbow on Project Rainbow, related to the acquisition of Greda’s production line to supply waterproofing and construction products to Home Depot Mexico, including the negotiation of the purchase agreement and long-term supply contracts.
- We advised Apex Logistics International, a Hong Kong-based logistics and supply chain management company, on its USD 35 million investment in Awesome Cargo, a rapidly growing Mexican cargo airline, covering the negotiation and execution of all related documents.
We advised a syndicate of 13 financial institutions on a USD 2.5 billion financing for Energía Mayakan, a subsidiary of the ENGIE group, to expand, construct, and operate a new extension of the Mayakan pipeline system for natural gas transportation, primarily for CFE, which includes a new pipeline approximately 694 kilometers long, running parallel to the existing one.
- We advised a multinational company on the acquisition of Exile Podcast LLC and Exile Music LLC, as well as their Mexican subsidiaries.
- We advised Banorte on financing Royal Caribbean for the development of the Hilton Mar Caribe hotel in Cancún, Quintana Roo.
- We advised a private equity fund on the acquisition of Kohler Co. and its Mexican subsidiaries.
We advised an impact fund on the strategic provision of guaranteed financing to Goldberg-Zovic, for up to MXN$60 million.
We advised an impact fund on the provision of guaranteed financing to DEVF Labs, for up to MXN$30 million.
- We advised an impact fund on the granting of guaranteed financing to Salud Facil, for up to MXN$30 million.
- We advised an impact fund on the granting of guaranteed financing to Tamoa, for up to MXN$30 million.
- We advised an impact fund on the granting of guaranteed financing to Carbonwave, for up to MXN$30 million.
- We advised Bancomext as lender in the negotiation and structuring of a guaranteed loan for the construction of the new tennis stadium in Acapulco.
- We advised an international private equity fund on the acquisition of Kids & Us Mexico.
- We advised on several acquisitions of entities in the education sector by an international fund.
- We advised on various fiduciary transactions.
- We advised on the structuring of capital funds for one of the country’s leading social developers.
- We advised on the corporate restructuring and modernization of one of the leading companies in the brewing industry. We advised Linzor Capital Partners on the acquisition of Grupo Devlyn, one of the leading optical chains in Mexico, in a strategic operation that included a merger with Ópticas del AH to create the largest network of optical stores in Latin America.
Category: Associate,Banking & Finance,Fintech
written by Adrián Trejo Santiago | April 28, 2024
Mariagabriela is an associate at Nader Hayaux Goebel, where she specializes in banking and Finance, and corporate law, with a focus on complex transactions, including credits, acquisition finance, and transactions in the maritime sector. She also provides regulatory advice on financial regulation and fintech matters.
Mariagabriela has been involved in numerous transactions including lending, acquisition finance, financing of vessels pursuant to Mexican Maritime Law, mergers and acquisitions, as well as regulatory consults, on banking, finance and Fintech matters. She has also advised, local and foreign clients in the structuring, deployment and development of their operations in Mexico.
Prior joining NHG, she worked in two major law firms, having been involved in various corporate and financial transactions, with experience provided legal advice to national and foreign clients.
Mariagabriela obtained her law degree from Universidad Panamericana in Mexico City.
Category: Associate,Infrastructure, PPPs and Government Procurement,Real Estate
written by Lizbeth Bermúdez | April 28, 2024
Luis Felipe Santana is an associate at Nader Hayaux Goebel S.C. and specializes in corporate law, mergers and acquisitions, infrastructure and real estate projects and banking and finance law.
Felipe has been involved in high-level transactions, such as public and private debt financing and refinancing, mergers and acquisitions, corporate restructurings, as well as major Public-Private Partnerships.
His practice includes advising clients on corporate, contractual and regulatory matters related to industrial, commercial and services activities in Mexico.
Prior to joining our firm, Felipe worked as a law clerk and later as an associate for nearly seven years at several well-known law firms in Mexico City.
In 2020, he completed a Specialization in Commercial Law Institutions degree at Universidad Panamericana, having graduated in 2019 with a Law Degree from Universidad Panamericana.
Category: Associate,Energy
written by Adrián Trejo Santiago | April 28, 2024
Ana María is an Associate at Nader Hayaux & Goebel, where her practice focuses on project finance, financing transactions, and mergers and acquisitions.
She has been involved in bidding processes within the energy sector before Mexican authorities, including advising successful bidders in the tender process conducted by the National Hydrocarbons Commission (CNH) for the award of contracts relating to the exploration and production of hydrocarbons. She also has significant experience advising lenders in connection with financing provided to the Mexico City Metro System (Sistema de Transporte Colectivo Metro) for maintenance and modernization purposes.
In addition to her work in the energy and infrastructure sectors, Ana María regularly advises clients on complex financing transactions and strategic corporate matters, drawing on both domestic and international experience.
Ana María earned her LL.B. from Universidad Iberoamericana, Mexico City, in 2012, and her master’s degree (LL.M) in Energy and Natural Resources Law from Queen Mary University of London in 2016, where she was awarded the prestigious Petrofac Chevening Scholarship sponsored by the United Kingdom Government.
From 2016 to 2018, she worked as a Foreign Associate at Shearman & Sterling LLP in New York, gaining substantial experience in cross-border transactions, project finance, and international legal matters.
Work Highlights
Energy & Natural Resources
- Advised a syndicate of lenders in the financing granted to Energía Mayakan, a subsidiary of ENGIE Group, for the development, construction and operation of the expansion of the Mayakan natural gas pipeline system, as well as the negotiation of key project documentation and bankability arrangements with CFE.
- Advised a syndicate of lenders in the negotiation and implementation of the restructuring of a senior loan facility and a VAT facility governed by Mexican law, granted to Concesionaria AT-AT, for the construction, operation, and maintenance of the Atizapán-Atlacomulco toll road in the State of Mexico under a forty-year concession.
- Advised a syndicate of banks on the limited-recourse project financing for the maintenance of tracks and trains and the modernization of the control system for Line 1 of the Mexico City subway. Served as lead associate in the due diligence process, the review and negotiation of project documents, and the drafting and negotiation of the financing and security documents. Liaised extensively with governmental authorities and regulatory agencies from the award of the public tender through the project’s implementation phase.
- Advised Arroyo Energy Group and Pemcorp, as borrowers, in the refinancing of a limited-recourse project financing with Natixis, Sumitomo Mitsui Banking Corporation, and ING, with an aggregate value of approximately USD 200 million.
- Advised ENGIE and its affiliates, including Heolios Intermediate 1, Engie Eólica Tres Mesas 3, Eólica Tres Mesas 4, Recursos Solares PV de México IV, BNB Villa Ahumada Solar, Buenos Días Energía, and Engie Abril PV, in connection with their joint venture with Tokyo Gas for the development and operation of a renewable energy portfolio consisting of four solar parks and two wind farms in Mexico. The transaction closed simultaneously with the related project financing. Responsibilities included drafting and negotiating the joint venture documentation, leading coordination among the parties, and managing ancillary documentation during the pre-closing stage.
- Advised Talos Energy, as the successful bidder in the process conducted by the National Hydrocarbons Commission (CNH) for the award of production-sharing contracts for the exploration and extraction of hydrocarbons in shallow waters. Assisted with the execution of the relevant contracts, the incorporation of Mexican subsidiaries, and the establishment of a joint venture with the other consortium members. This marked the first time since 1938 that the Mexican Government awarded contracts of this nature. Played a key role in negotiating the first model contract to be executed by the Mexican Government under this framework and maintained extensive interaction with both authorities and transaction parties throughout this landmark process.
Category: Antitrust,Associate
written by Adrián Trejo Santiago | April 28, 2024
Sandra works as associate at Nader Hayaux & Goebel and specializes in competition & antitrust in the pharmaceutical, real estate, financial, agribusiness, aviation and consumer goods sectors.
Her experience has mainly focused on advising diverse clients on in investigations (cartels, abuse of dominance, and barriers to competition), obtaining regulatory approvals that depend on the Mexican competition authorities (mergers & acquisitions), constitutional trials, compliance, and risk prevention in antitrust matters for several companies in Mexico.
Sandra has a strong background advising transnational companies in antidumping proceedings and in the drafting of competition and antitrust legislation and regulation in Latin America.
Prior to joining NHG, Sandra worked for 7 years in consulting in antitrust, regulatory law and foreign trade, as well as in another international law firm in Mexico City. Sandra is a member of organizations such as the International Bar Association (IBA) and Abogadas MX.
Sandra holds a law degree with honors from Instituto Tecnológico Autónomo de México (ITAM) since 2019 and a diploma in Digital Economy from Escuela Libre de Derecho (ELD) and the International Chamber of Commerce (ICC) in 2021.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Mónica is associate at Nader Hayaux Goebel. She specializes in Administrative and Corporate Law and has a strong experience in Intellectual Property, participating in the litigation and trademark areas.
Since joining Nader Hayaux Goebel, Mónica has focused on corporate law, mergers and acquisitions, financial and banking law, and has participated in advising several clients on such matters.
She also has advised national and international clients in consulting, administrative litigation, analysis and drafting of contracts and agreement.
Category: Partner,Tax
written by Lizbeth Bermúdez | April 28, 2024
Francisco is a partner at Nader Hayaux Goebel and specializes in tax and administrative controversy, which involves advice and accompaniment in audit and review procedures by federal, state and municipal authorities; conciliation procedures; as well as the defense of their interests before the Courts in Mexico.
He is also an expert in tax consulting, with extensive experience in federal and local taxes, as well as in mergers and acquisitions, reorganizations and cross-border transactions. Francisco has advised several individuals in their estate planning.
He has participated as a speaker in several national and international conferences, including presentations before the Federal Court of Administrative Justice and is a member of the International Fiscal Association.
Francisco worked for most of his career at an international law firm based in Mexico City. He obtained his law degree from the Universidad Iberoamericana and his LLM in Business Law from Universidad Panamericana.
Work Highlights
Tax
- Successfully represented a client in obtaining a favorable final judgment regarding the interpretation of permanent establishment under the Income Tax Law and applicable Double Taxation Treaties, in connection with the exercise of control by a foreign resident over its Mexican subsidiary.
- Successfully represented a client in obtaining a favorable final ruling regarding the application of the 0% VAT rate to technical assistance services rendered for the benefit of a foreign resident and used abroad.
- Advised one of the most representative food companies in Mexico in the acquisition of a company in the sweetener industry.
- Advice and resolution in a conclusive agreement before the Mexican Tax Ombudsman (PRODECON) regarding the tax treatment applicable to operations carried out by one of the most important advertising agencies in the world.
- Obtained a favorable ruling in connection with the activities carried out by one of the largest technology information companies in the world, which had been disregarded by the federal tax authorities.
- Advice and planning for the acquisition of a group of companies in Mexico by a foreign fund, and advice in the structuring of the financing for its acquisition.
Admnistrative Law
- Obtained a favorable final judgment for one of the most important insurance companies in the country, in connection with the treatment of insurance agents for Social Security contributions.
- Obtained a favorable final judgment in connection with the correct classification of a company in the automotive sector for purposes of occupational risk insurance premium for social security purposes.
- Advised a company in the food industry on the applicable obligations to implement volumetric controls for hydrocarbons and petroleum products used in its operations.
Banking and Finance
- Advised a food company in the acquisition of a company in the sweetener industry.
- Participated in advising on and planning the acquisition of a group of companies in Mexico by a foreign fund, as well as the structuring of the financing for such acquisition.
Category: Antitrust,Associate,Mergers and Acquisitions
written by Adrián Trejo Santiago | April 28, 2024
Allan is an associate at Nader Hayaux Goebel, where he specializes in antitrust, regulatory compliance and personal data protection.
He holds a law degree from Tecnológico de Monterrey (Instituto Tecnológico y de Estudios Superiores de Monterrey) and a Diploma in Antitrust from Universidad Panamericana and the International Chamber of Commerce.
Allan has participated in various proceedings before the competition authority in Mexico, including merger control filings, investigations and responses to information requests.
In the area of personal data protection, he has coordinated the internal compliance system of one of the largest companies in the country and has represented matters before the national authority in this field.
Allan has also led numerous internal compliance investigations for international corporations, addressing sensitive matters such as corruption, bribery, fraud, sexual harassment and other criminal conduct.
He has also participated in audits of corporate compliance frameworks, further strengthening his experience in comprehensive legal risk management.
Category: Energy,ESG,Partner
written by Lizbeth Bermúdez | April 28, 2024
Marcela Ánimas is a partner at Nader Hayaux Goebel and a highly regarded environmental and water resources lawyer with more than 25 years of experience. She is a member of the firm’s Transition to Sustainability Working Group, a multidisciplinary team that advises Mexican and international companies on their transition towards a regenerative economy through the implementation of the Sustainable Development Goals (SDGs) and ESG principles.
Her practice covers urban development and land use planning, cultural heritage and archaeological sites, health and safety, environmental regulation, environmental impact and risk assessment, sustainability, and the efficient use of natural resources, including land, water and air. She also advises on waste management, disposal and circularity, corporate environmental liability, site decommissioning and divestitures, among other environmental and regulatory matters.
Marcela is a versatile practitioner with extensive experience in regulatory matters, as well as mergers and acquisitions, real estate transactions, project finance, capital markets, public policy and legislative processes.
Her practice focuses on: (i) identifying financial risks in transactions through comprehensive environmental, water and regulatory due diligence, and developing legal strategies to mitigate material risks and preserve asset value in M&A, project finance and other complex transactions; (ii) helping private sector clients integrate the Sustainable Development Goals (SDGs) and ESG principles into their core business strategies by translating sustainability objectives into enforceable legal frameworks that strengthen long-term resilience and corporate responsibility; and (iii) providing clients with a competitive advantage by incorporating climate-aligned provisions into commercial agreements and contractual frameworks.
Marcela is a frequent speaker and author in Mexico and Spain on climate change, soil contamination, the circular economy, water governance and the sustainable management of national parks.
She obtained her law degree from the Instituto Tecnológico Autónomo de México (ITAM) and holds a master’s degree in environmental policy and management from the Universidad Carlos III de Madrid in Spain. She has also completed postgraduate studies in compliance, real estate, energy and environmental law at Escuela Libre de Derecho and ITAM.
Work Highlights
ESG & Sustainability
- Part of the first cohort of The Chancery Lane Project’s pilot Climate Contracting Learning Platform for the integration of climate-aligned clauses (net-zero targets, emissions reporting, and supply chain accountability) into standard commercial agreements.
- Participated in a collaborative initiative between Nader Hayaux Goebel and The Chancery Lane Project to adapt 17 global climate-aligned legal clauses into Mexican law providing actionable, Spanish-language ESG tools for corporate, finance, and construction sectors (2024-2025). Her work alongside other Nader Hayaux Goebel Net Zero Transition Task Force members led to technical transposition (not just translation) of climate clauses and net zero targets within the Mexican legal framework.
- Contributed to the 2025 and 2026 editions of the Mexico ESG Dispute Handbook (Guía de Controversias ASG para México), a specialized legal guide published jointly by law firms Nader Hayaux Goebel and Guerra, Hidalgo y Mendoza, aimed at helping corporations, executives, and members of the board navigate the evolving landscape of sustainable transition in Mexico.
- Contributed to the Directors’ Duties Navigator: Climate Risk and Sustainability Disclosures 5th edition (Mexico jurisdiction), co-published by the Commonwealth Climate and Law Initiative (CCLI) and the Climate Governance Initiative (CGI) – 2026.
Environment & Water
- Advised Apex Logistics International, a Hong Kong-based logistics and supply chain management company, on its USD 35 million investment in Awesome Cargo, a rapidly growing Mexican cargo airline, covering environment-related aspects of the transaction.
- External counsel to the Mexican Water Advisory Board (Consejo Consultivo del Agua) since 2017. In January 2026, appointed coordinator of the Legal Strategy Committee, leading efforts to develop recommendations for the Mexican federal water authority (CONAGUA) regarding implementing regulations for the December 2025 national and federal water legal frameworks.
- Served as external consultant to the 2030 Water Resource Group (hosted by the World Bank) to strengthen Mexico’s water governance through water reuse and regeneration (2024).
- Served as external consultant to the World Bank on a Policies, Institutions and Regulation (PIR) framework for agricultural / irrigation water rights in Mexico (2025).
- Advised companies in the real estate development, food and beverage sectors on water-themed fiscal and administrative audits to better understand consumption, discharge legal risks and seek opportunities for progressive compliance and integration of water management best practices.
- Successfully advised cardboard, real estate, food and automobile companies on protecting unused water rights to ensure business continuity, through mixed schemes for investment in water efficiency and payment of water protection fees (cuota de garantía).
- Participated as counsel on environmental and water matters for Reddy Ice, in the acquisition of 100% of the capital stock of Fábrica de Hielo Apodaca (Aguafría), the largest ice manufacturer in Mexico. This facilitated entry into the Mexican market of a global leader amidst the country’s shifting legal landscape, resulting in the enactment of a new General Water Law and amendments to the National Waters Law, which substantially changed the water concessions regime for private and public parties.
- Acted as counsel on regulatory, environmental and water matters for the lender in a landmark Project Financing deal in which a syndicate of 13 financial institutions granted Energía Mayakan, a subsidiary of the ENGIE Group, USD 2.5 billion in financing to develop, build, and operate a 694-kilometer pipeline expansion, which will enhance transportation of natural gas through the Yucatan Peninsula for the Federal Electricity Commission (CFE). The Project’s strategic purpose is to generate cleaner electricity to address growing energy demands in the region (2024-2026).
- Advised Proparco (Société de Promotion et de Participation pour la Coopération Économique) and DEG (Deutsche Investitions- und Entwicklungsgesellschaft), as lenders, on regulatory, environmental and water matters in connection with the financing of C3ntro Telecom’s 2,513.63 km cross-border dark fiber infrastructure project linking Mexico and the United States (2025–2026).
- Advised Platinum Equity on Project Dominion, its USD 1.6 billion acquisition of Owens & Minor’s Global Products business, including all Mexican subsidiaries involved in the transaction.
- Advised Oriental Yuhong Group on Project Polaris on its potential USD 100 million acquisition of Protexa, a Mexican subsidiary that manufactures and sells construction and waterproofing products.
- Advised Oriental Yuhong Group on Project Texa on its acquisition of Texa Laguna, a Mexican company that produces and sells waterproofing and insulating materials.
Regulatory
- Advised Solenis, a leading global producer of specialty chemicals for water-intensive industries, analyzing regulatory aspects in Mexico for its acquisition of Grupo NCH.
Site Remediation
- Advisor for a multinational pharmaceutical corporation and a Mexican company on the acquisition of a polluted site undergoing remedial works.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Bernardo is an associate at Nader Hayaux Goebel. He specializes in banking and finance, transactional matters and general corporate law.
He is regularly involved in local and cross-border transactions, advising financial institutions in the structuring of credit operations, such as bilateral and syndicated loans, secured by several kinds of collateral, such as security trusts, pledges, mortgages, and corporate guarantees.
Prior to joining Nader Hayaux Goebel, Bernardo worked at both international and domestic law firms, where he gained experience in corporate and commercial law, as well as in foreign investments.
Afterwards, Bernardo worked for the Mexican branch of one of the largest financial institutions in the world, providing his advice regarding corporate lending operations.
Bernardo holds a law degree from Universidad Panamericana (2021), a specialization in Commercial Law (2022), and postgraduate studies in Banking, Securities and Insurance Law (2023), from the same university.
Category: Associate,Banking & Finance,Capital Markets,Mergers and Acquisitions
written by Adrián Trejo Santiago | April 28, 2024
Carlos is an Associate at Nader Hayaux Goebel, where he is a member of the Capital Markets and Securities practice group. His practice also includes significant experience in banking and financial regulatory matters, mergers and acquisitions, and corporate law.
Carlos regularly participates in public and private offerings of debt and equity securities in the Mexican market, as well as in advising issuers and institutional investors, including FIBRAs (Mexican real estate investment trusts) and pension funds (AFOREs), and on a wide range of matters related to the regulatory compliance of other participants in the securities market.
In addition, Carlos’s practice includes experience in legal due diligence, private equity transactions, secured financings, and advising corporations and financial institutions on compliance and corporate governance matters.
Prior to joining the firm, Carlos worked as a law clerk at leading Mexican law firms, where he gained experience in commercial and corporate law, foreign investment, and real estate law.
Carlos earned his Law Degree from Escuela Libre de Derecho in 2024.
Work Highlights
Capital Markets
- Advised the AFOREs on their investment in the FIECK CKD to become co-investors with FONADIN in Iberdrola’s power plants known as “Project Thor,” as well as on the subsequent conversion of the CKD into a Fibra-E through an initial issuance of up to USD 4.5 billion.
- Advised Glisco Partners, on the placement of a new series of CERPI securities for an amount of up to MXN 3.8 billion.
- Advised Grupo Elektra on its third and fourth issuances and public offerings of long-term debt securities for MXN 2 billion and MXN 4 billion, respectively, under its direct debt program.
- Advised Total Play on its second issuance and public offering of long-term debt securities for MXN 2.5 billion under its indirect debt program.
- Advised Fibra Danhos on its second issuance and public offering of long-term sustainability-linked trust certificates for MXN 2.5 billion.
Corporate Law
- Advised AMAFORE and several Mexican AFOREs on the development of corporate governance guidelines applicable to publicly traded investment vehicles, including Fibras E, in which they participate as minority investors alongside a controlling investment by a government entity primarily focused on the energy and infrastructure sectors.
- Advised Be Grand on its investment in the acquisition of a 50% equity interest in the companies holding the “Stratto Americas” mixed-use real estate portfolio, located in Guadalajara, Jalisco.
Banking & Finance | Regulatory
- Advised Grupo Collado, as borrower, on a MXN 770 million financing provided by Bancomext, secured by mortgages over various properties owned by Grupo Collado and its subsidiaries.
- Advised Doble Altura, as borrower, on a MXN 156 million financing provided by Soda FN to complete the Lumia residential development in Cancún, secured through a security trust.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Danielle Cámara is an associate at Nader Hayaux Goebel and a member of the Tax practice.
Her practice focuses on tax advisory and litigation, federal taxation and international taxation, with particular emphasis on mergers and acquisitions, financings, capital markets and investment funds.
Danielle has experience in the design and implementation of tax strategies, compliance with international regulations, including FATCA and CRS, and the preparation of reports and technical documentation in coordination with multidisciplinary teams. She has also participated in the formation and structuring of investment funds.
Before joining Nader Hayaux Goebel, Danielle worked for two and a half years at a tax firm, where she gained experience in tax advisory and compliance. She also pursued language studies in Montreal, including an English course at McGill University, further strengthening her international background and language skills.
Danielle earned her law degree from Universidad Anáhuac México in 2023.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Roberto is an associate at Nader Hayaux Goebel, specialized particularly in transactional, capital markets, banking and finance, structured finance and regulatory areas.
Previously, he has worked in other prestigious Mexican law firms, and one of the largest financial companies in Mexico.
During his professional career, Roberto has advised a significant number of leading domestic and international clients, including financial entities in high-profile and complex transactions. He is specialized in regulatory and compliance work and debt restructurings.
Roberto has participated in the approval of banking and broker-dealer authorizations.
Additionally, he has extensive experience advising domestic and international financial institutions with respect to regulatory and compliance matters. He has also participated in capital market deals, representing issuers of CKDs or bonds in Mexican and global offerings.
Roberto De La Vega obtained his bachelor’s degree as attorney at law from the Universidad Iberoamericana, Campus Ciudad de México in 2016.
Work Highlights
Advised a company on the strategic acquisition of assets, including the structuring of the transaction, the negotiation of the acquisition documents and the coordination of the closing.
- Advised a leading Mexican insurance company and one of its subsidiaries on the acquisition of a cutting-edge medical digital platform.
- Advised Cobre de Mayo on its offer to exchange Senior Secured Notes for senior secured PIK toggle notes, for up to USD 300 million.
- Advised HSBC México, on the early redemption of preferred subordinated debentures, including the preparation and filing of the corresponding authorization request before Banco de México.
- Advised the Mexican representative office of a European bank on various regulatory matters, including the scope of the activities it may carry out in Mexico.
- Advised a Mexican banking institution on the structuring, negotiation and documentation of a loan granted to a real estate company, intended, among other purposes, for the construction of industrial warehouses in an industrial park.
- Advised a Mexican banking institution on the structuring, negotiation and documentation of a loan granted to two Mexican financial institutions, intended, among other purposes, for the partial repayment of existing indebtedness and the origination of new loan portfolio.
- Advised Pulso Inmobiliario on the refinancing of its hotel projects through a USD 350 million credit facility.
Category: Of Counsel
written by Adrián Trejo Santiago | April 28, 2024
Pedro Isaac Alcalá is an of counsel at Nader Hayaux Goebel, specializing in competition law, digital markets, and emerging technologies. He has over 20 years of professional experience in both the public and private sectors and is recognized as one of Mexico’s leading experts at the intersection of competition law and the digital economy.
Before joining the firm, Pedro served as General Director of Digital Markets at the Federal Economic Competition Commission (COFECE), where he led the creation of the specialized unit and the institutional strategy to address regulatory challenges in digital markets. His work included the development of technical studies and public policy proposals on digital platforms, artificial intelligence, data, fintech, and e-commerce, as well as the Commission’s international positioning before organizations such as the Organisation for Economic Co-operation and Development (OECD), the International Bar Association (IBA), the International Competition Network (ICN), and various Latin American networks.
Pedro has substantial experience in competition and constitutional litigation and played a key role in the jurisdictional disputes between COFECE and the Federal Telecommunications Institute. He also held strategic positions within COFECE’s Investigative Authority and Legal Affairs Office, contributing to the development of technical criteria on institutional design, regulatory separation of powers, and oversight of converging sectors. This background gives him a comprehensive understanding of Mexico’s regulatory architecture and its implications for the digital economy.
He has taught competition law and digital economy for over seven years, mentored young professionals on related topics, and participated as a speaker at national and international forums. He is also the author of various publications on economic law, disruptive technologies, and digital regulation. Pedro is an active member of the National Artificial Intelligence Alliance in Mexico, the Mexican Academy of Cybersecurity and Digital Law, Centro Competencia Mexico, and the International Chamber of Commerce.
Pedro holds a law degree from Universidad Panamericana and an LL.M. in Competition Law from King’s College London. He is fluent in English and advises technology companies, digital platforms, investment funds, and public entities on strategic competition and regulatory matters in the digital economy.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Manuel is an associate at Nader Hayaux Goebel. His practice areas include banking and finance, real estate, mergers and acquisitions, specializing in corporate and real estate matters.
His practice has primarily focused on advising various clients on complex and sophisticated corporate matters, as well as all types of commercial transactions.
He has been involved in advising domestic and international clients in the negotiation of all kinds of contracts, supporting them throughout the structuring, financing, and post-financing stages.
Manuel obtained his Law degree from Universidad Panamericana. He later completed a diploma in Cybersecurity, Technology, and Law, jointly offered by Universidad Panamericana and the New York University School of Law.
Work Highlights
Banking and Finance
- Representation of Banco Nacional de Comercio Exterior, Sociedad Nacional de Crédito, Development Bank Institution, in the granting of an unsecured simple loan for up to MXN 4,000 million.
- Representation of BBVA México, S.A., Multiple Banking Institution, BBVA México Financial Group, in the granting of a revolving and syndicated loan for MXN 800 million as well as in the creation of guarantees.
- Representation of BBVA México on a syndicated credit facility under Mexican law in the amount of MXN 2.2 billion, granted by a syndicate of banks led by BBVA México, acting as lender and administrative, collateral, and sustainability agent, in favor of Valores Patrimoniales DM.
- Advised Pantaleon Sugar Holdings Company regarding the review of the bankruptcy status of a company in the sugar sector for the acquisition of the debtor’s assets.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Benjamín is a competition and regulatory attorney with over a decade of experience in the telecom and high-tech industries. Before joining The Firm, he served as Legal Director for Mergers and Acquisitions at the Federal Communications Institute (IFT), where he oversaw merger control and regulatory review of several large global transactions involving IT services, infrastructure, satellite communications, cloud computing, data centers, digital platforms, big data, media, among others. He also drafted IFT´s opinions and decisions in more than six hundred cases involving licenses, authorizations, changes of control and other relevant corporate transactions in the IT industry and contributed to the design of rules for more than eight telecom auctions and bidding processes, including the clearance of there in. In addition, he is an expert in regulatory enforcement and compliance, the design of cross-border businesses’ divestitures and corporate spinoffs, and regulatory and antitrust litigation before Mexican Federal Courts.
Benjamín earned his law degree (cum laude) at the Center for Research and Teaching in Economics (CIDE) in 2012 and obtained a degree in American Law, with concentration in Intellectual Property Law from Boston University Law School in 2021 (Class Marshall).
Benjamín has lectured at the OCDE Global Competition Forum and the OCDE Latin American Competition Forum on several topics, including merger control, digital markets, institutional design of competition authorities and gun-jumping behavior. He practiced law in Spain in 2018, at the Ministry of Economic Affairs and Digital Transformation, and was a volunteer attorney at the Massachusetts Trial Court Service Center in 2021 and 2022.
Recent work highlights include:
Participation by Benjamín prior to joining the firm.
- Nokia-Alcatel Lucent. Conducted regulatory and legal assessment of RAN technology and equipment, and 2G, 3G and 4G technologies and services.
- AT&T-Time Warner. Conducted legal assessment of unilateral, vertical and coordinated antitrust effects of this merger transaction. Designed, monitored and enforced separate measures on AT&T, Sky Mexico and HBO LAG.
- Century Link-Level 3. Competitive, regulatory and legal assessment of submarine cable, internet access, international connectivity and CDN technology markets.
- The Walt Disney Company-Twenty First Century Fox. Designed, monitored and enforced the divestment, sub-licensing and selling of the Fox Sports Mexico pay-tv channels. Assessed and drafted decisions on the monitoring trustee, selling trustee and independent administrator in the divestiture process. Litigated the divestiture process in federal courts.
- Live Nation-Ticketmaster. Conducted competitive and legal assessment of private radiocommunication systems markets and cleared the transfer of telecom licenses.
- Canadian Pacific Railway-Kansas City Southern. Conducted legal assessment of the transfer of licenses for railway communications, signaling equipment and rail operating centers.
- Warner Bros-Discovery. Competitive and legal analysis on the markets for provision and licensing of audiovisual content to pay-tv operators.
- Univision Holdings-Grupo Televisa and regulatory assessment on the markets for licensing of audiovisual content in pay tv, OTT services, and OTT and digital platform advertising services, among others.
- Grupo Televisa-Sky México. Competitive and legal assessment of the transaction applying the rule of control consolidation.
- General Atlantic Partners-Savina Holdings. Assessed and cleared antitrust concerns for the merger of investment funds and portfolio entities.
- Eutelsat-One Web. Competitive, regulatory and legal assessment of the markets for satellite capacity, video content distribution, and services provided by LEO (low earth orbit) satellites.
- CFE-Altán Redes. Assessed and designed behavioral and structural remedies to safeguard the constitutional rule of prohibiting telecom operators to exercise influence in the operation of the Mexican shared wholesale network (Red Compartida Mayorista).
- Drafted the IFT merger control guidelines, 2017 and 2022 editions.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Paola is an associate at Nader Hayaux Goebel, specializing in tax and administrative law. Her practice focuses on tax and administrative litigation as well as tax advisory and international taxation. She has significant experience handling tax refunds and audits involving value-added tax and income tax matters and conclusive agreements before the Mexican Taxpayers Ombudsman (PRODECON).
Paola has advised clients in protecting their interests through administrative appeals, nullity claims, and constitutional trials before the Tax Administration Service, the Federal Court of Administrative Justice, and Collegiate Courts.
In addition, she has participated in matters related to mergers, acquisitions, and both domestic and international restructurings.
Before joining the firm, she worked in the tax and administrative law practice of an international law firm in Mexico.
She holds a law degree from Universidad Iberoamericana and is currently pursuing a master’s degree in tax at Universidad Panamericana.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Santiago is an associate at Nader Hayaux Goebel, specializing in banking and finance, structured finance, secured transactions, cross-border transactions and real estate, with a focus on the industrial and hospitality sectors. He has extensive experience advising domestic and international clients on complex structured finance transactions.
He has advised leading domestic and international banks operating in Mexico on domestic and cross-border structured finance transactions involving hospitality, mixed-use and industrial projects. He has also advised major industrial developers on the negotiation and execution of leases for industrial properties.
His experience includes advising Banorte on a term loan and VAT facility granted to a special purpose vehicle (SPV) controlled by Fibra SOMA, one of Mexico’s leading hospitality and mixed-use developers, for the development and construction of the “Ánima Los Cabos” shopping center.
Santiago obtained his law degree from Universidad Panamericana, where he subsequently completed a postgraduate specialization in Commercial Law Institutions.
Before joining the Firm, Santiago worked at leading Mexican law firms, where he gained experience in corporate law and mergers and acquisitions.
Category: Associate,Mergers and Acquisitions,Project Finance,Real Estate
written by Lizbeth Bermúdez | April 28, 2024
Daniela is an associate at Nader Hayaux Goebel and specializes in real estate, mergers and acquisitions, project finance, energy and infrastructure matters, she has participated in advising various clients in such matters.
Daniela has been involved in high-level transactions, such as public and private debt financing and refinancing, mergers and acquisitions, real estate transactions, such as residential, commercial and industrial real estate sales and leases.
She has also worked in the structuring of transactions through various investment vehicles, such as partnerships and trusts.
Additionally, she has advised clients in the acquisition of rights of way for hydrocarbon infrastructure projects, including matters related to agrarian law. Daniela has also advised clients with respect to the analysis of the legal framework regarding regulated activities in the energy sector.
Daniela has participated in advising various international investors about their establishment and incorporation in Mexico, their acquisitions and joint ventures with Mexican entities, and a wide range of corporate and operational matters.
Daniela obtained her law degree with honors from the Instituto Tecnológico Autónomo de México (ITAM) in March 2025.
written by Adrián Trejo Santiago | April 28, 2024
Jose Manuel’s professional practice is primarily focused on infrastructure, project finance, financing, refinancing, and restructuring of domestic sub-sovereign debt, as well as the financing and investment of social infrastructure projects through service contracts and public-private partnerships (PPPs).
His practice includes the structuring, public bidding, financing, and execution of projects with both public and private entities, as well as government procurement, refinancing and restructuring of public debt of states and municipalities, mergers and acquisitions, and corporate regularization.
In addition, Jose Manuel’s experience includes participation in the issuance and placement of stock certificates in the securities market, and he has advised several financial institutions and entities supervised by the National Banking and Securities Commission regarding compliance with obligations on the prevention of money laundering and financing of terrorism.
José Manuel obtained his law degree from Universidad Panamericana (2015) and completed a Specialization in Commercial Law from the same university (2016). He received his LL.M. with honors from Northwestern Pritzker School of Law (2024) and subsequently spent a year working at the international law firm Milbank LLP in New York.
Recent Work Highlights
A selection of representative matters on which José Manuel advised includes the following:
- Advised a syndicate of lenders led by Société Générale, Desjardins, and Nomura, as part of the team, in connection with a $600 million data center financing developed by Blue Owl Capital, Chirisa, and PowerHouse. The data center, located in Virginia, has its capacity leased to CoreWeave (a leading AI cloud-computing provider).*
- Advised Cementos Progreso Holdings, S.L., as part of the team, on a $450 million financing for its $950 million acquisition of CEMEX’s operations in the Dominican Republic and related export business to Haiti.*
- Advised the Water Operator of Los Cabos Municipality on the legal terms of an international PPP bidding process to (i) build, operate, and maintain a desalination plant in Los Cabos, Baja California Sur, Mexico, partially funded by the National Infrastructure Fund (Fondo Nacional de Infraestructura); and (ii) implement improvements and operate the potable water system of Los Cabos.
- Advised the Water Operator Agency of Hermosillo, Sonora, as the borrower, on the public bidding process to secure an approximately US$15 million loan provided by Corporación Financiera de América del Norte, S.A. de C.V., SOFOM, ENR, as the lender, for refinancing the agency’s existing public debt.
- Advised a four-member consortium composed of leading technology development companies, through the public bidding process, on the granting and execution of a public procurement agreement for the supply and installation of aviation, security, airport management, passenger processing, telecommunications infrastructure, cybersecurity, and passenger support systems for Mexico City Airport (AIFA), in conjunction with the Ministry of National Defense (Secretaría de Defensa Nacional).
- Advised Dexia Credit Local, as part of the team, on various financial transactions, including the assignment of its loan portfolio totaling MXN $800 million to Banco del Bajío, S.A.*
- Advised the Governments of the States of Veracruz and Nayarit, as part of the team, on restructuring and refinancing operations of their public debt for a total amount of MXN $46,000 million and MXN $5,607 million, respectively.*
- From 2014 to 2016, advised the Mexico City Government, as part of the team, in their annual issuance of trust certificates backed by the Mexican Federal Government, including Mexico City’s green bond issuance in 2016—this was the first green bond issuance by a city in Latin America.*
- Advised the Ministry of Finance of the Mexican Federal Government and the 32 states, as part of the team, in the securitization of the Multiple Contributions Fund (Fondo de Aportaciones Múltiples) through the issuance of trust certificates with the ticker symbol CIENCB 15 on the Mexican Stock Exchange, for an amount of up to MXN $50,000 million, for the development and construction of educational infrastructure.**
*The above representations were handled by José Manuel during his time at Milbank, before rejoining Nader Hayaux Goebel.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Biography
Diego is an associate at Nader Hayaux Goebel, S.C., he specializes in corporate, transactional, maritime and telecommunications law.
Diego has a solid experience with corporate governance, foreign investment, the structuring and formation of organizational frameworks, and legal instruments for private investment funds, and joint ventures across various industries.
Diego has provided expert advise to both national and international clients including multinational corporations, distinguished family offices, public and private companies on high-profile strategic transactions, including cross- border acquisitions across key sectors.
Diego obtained his law degree from Universidad Anáhuac México Norte (2022). Additionally, he is currently pursuing a Master of Science in Maritime and Port Business Administration from the Mexican Ministry of the Navy.
Category: Of Counsel
written by Adrián Trejo Santiago | April 28, 2024
Mario is a of counsel at Nader Hayaux Goebel, specializing in Foreign Trade and Customs practice. He is an expert in customs consulting and litigation, origin verifications, handling audits initiated by the Tax Administration Service (SAT), obtaining and maintaining Foreign Trade Promotion Programs (IMMEX, VAT Certification, PROSEC, Rule 8), and addressing unfair international trade practices.
Additionally, he has advised national and international companies in planning customs strategies to maximize the benefits of Foreign Trade Promotion Programs, as well as the network of international treaties approved by the Mexican government.
Regarding unfair international trade practices, Mario has successfully represented the national industry, exporters, and importers in antidumping procedures, subsidies, product coverage cases, and other related matters.
Mario has been recognized as a “Rising Star” in the Foreign Trade and Customs practice area by the international publication The Legal 500 for the years 2020–2025 and was awarded “Rising Star of the Year” in 2024 in the same practice area by the same publication.
He has also been named “Up and Coming” in the Foreign Trade practice area by Chambers and Partners for 2023, 2024, and 2025.
Work Highlights
International Trade and Customs
- Successfully representing a U.S.-based lawn mower manufacturer in a dispute against an origin verification conducted by the SAT to determine whether the goods were originating under the USMCA, and therefore eligible for preferential tariffs upon import into Mexico.
- Reactivating the VAT Certification for several companies suspended by the SAT, a certification that prevents VAT payment on temporary imports of machinery and inputs for production processes.
- Successfully representing a steel company in a foreign trade audit, where temporary imports valued at MXN 3 billion were questioned.
- Advising an automotive company on a USMCA interpretation that enabled them to request a refund of tariffs for goods imported into Mexico.
- Representing a food industry company in a litigation exceeding MXN 100 million derived from a foreign trade audit related to the legal importation, stay, and possession of machinery and equipment, achieving a 95% reduction of the initially determined tax credit.
- Representing the largest PVC exporter in an antidumping investigation initiated by the Mexican government against imports of that product.
- Acting as lead advisor and legal representative for one of the largest poultry producers and exporters in an antidumping investigation and subsequent review of compensatory duties before the Ministry of Economy.
- Representing the national industry in an antidumping investigation before the Ministry of Economy, which resulted in compensatory duties being imposed on steel imports from Germany, Spain, and the United Kingdom.
- Obtaining IMMEX Programs from the Ministry of Economy in the services modality, which allows various non-manufacturing companies to secure greater benefits for VAT refunds on services utilized abroad.
Category: Energy,Infrastructure, PPPs and Government Procurement,Of Counsel
written by Adrián Trejo Santiago | April 28, 2024
Pedro Lladó joined Nader Hayaux Goebel in 2026 as Counsel in the Energy, Finance & Project Finance practice. He focuses on the development, acquisition, and financing of energy and infrastructure projects, with particular expertise in power generation and oil & gas matters.
He has advised domestic and international sponsors, lenders, and investors on complex energy and infrastructure transactions. Between 2020 and 2022, he served as a Visiting Attorney in the Project Development & Finance group at Shearman & Sterling LLP in New York, where he gained significant cross- border experience in structured finance, syndicated lending, and capital markets transactions within the energy sector.
Pedro holds an LL.M. in Global Energy from the University of Texas at Austin (2019–2020) and a Law Degree (Cum Laude) from Universidad de las Américas Puebla.
Pedro has been recognized as an “Up and Coming” lawyer in Energy and Natural Resources: Oil, Gas & Power by both the Chambers Latin America Guide 2026 and the Chambers Global Guide 2026, and as a Recommended Lawyer by the Legal 500 Latin America Guide 2026, reflecting his increasing expertise and impact in the sector.
Recent work highlights
A selection of recent transactions and projects on which Pedro participated prior to joining Nader Hayaux Goebel include:
Energy
- Acted as sponsor’s counsel in the US$800M acquisition of the Norte III 907MW cogeneration facility, recognized as LATAM Energy Deal of the Year (Project Finance International) and Project Finance Deal of the Year (Latin Lawyer).
- Served as lenders’ counsel in a simultaneous syndicated credit facility and Rule 144A/Reg. S bond offering enabling a private equity fund to acquire a 2,200 MW portfolio including six combined-cycle power projects, a 155 MW wind farm, a natural gas pipeline, and three compression stations for an enterprise value of USD 1.256 billion, awarded Best Infrastructure Financing in Mexico by Latin Finance.
- Participated in the USD 852 million acquisition of one of Mexico’s largest wind farms, Ventika I and Ventika II.
- Drafted and negotiated Power Purchase Agreements under various power generation regimes.
- Advised on financing renewable projects awarded in Mexican government power auctions.
- Structured self-supply and local generation schemes, among other power generation models.
- Counseled real estate developers (including Mexican FIBRAS) and other users in the filing and development of additional KVAs at multiple locations.
Oil & Gas
- Conducted preliminary analysis for FPSO and FSRU operations for offshore oil extraction in Mexican shallow waters.
- Represented a major US refining company during the prequalification and award process for Pemex’s total storage and transport capacity in northwest Mexico, including negotiation of agreements with Pemex Logística.
- Participated in the development of Mexico’s first privately-owned maritime storage terminal for refined products (gasoline, diesel, jet fuel) with a design capacity of 450,000 bpd.
- Prepared and negotiated gasoline and diesel supply agreements with retail stations and end users. Advised on remediation actions regarding volumetric control requirements (controles volumétricos) for permit holders and end users in Mexico.
- Successfully represented midstream and downstream permit holders in regulatory disputes related to alleged non- compliance with permit terms (proceso administrativo de sanción).
Other Infrastructure Projects
- Prepared and negotiated engineering, procurement and construction (EPC) agreements and operation and maintenance (O&M) agreements for the development and operation of various infrastructure projects.
Category: Partner
written by Lizbeth Bermúdez | April 28, 2024
Diana Pineda joined Nader Hayaux Goebel in 2026 as a Partner in the Energy and Dispute Resolution (Arbitration) practice, with an extensive background advising leading domestic and international clients across the oil, gas, and power value chains.
Her practice combines regulatory strategy, project development, and high-impact dispute resolution, including ICC-administered arbitrations and constitutional litigation (amparos) related to regulatory reforms in the hydrocarbons and electricity sectors. Diana also has in-house experience as VP Legal Advisor to the Board and General Counsel (Mexico) at a U.S.-based energy company, advising on cross-border energy transactions, infrastructure development, and regulatory compliance.
Her arbitration experience includes acting as co-arbitrator in ICC proceedings, as well as representing clients in significant international arbitrations and regulatory disputes. She also advises global refiners, terminal operators, traders, and developers on permitting, compliance, and enforcement matters.
Diana holds a master’s degree in Negotiation and Conflict Resolution from Columbia University, a law degree with Academic Excellence Award from Universidad Anáhuac México Norte, postgraduate studies in civil law obligations from Escuela Libre deDerecho, and international law studies atUniversidad Pontificia de Comillas (ICADE).
Diana has been recognized in multiple rankings and awards, including Arbitration Lawyer of the Year (Shortlisted, 2023) by Women in Business Law, Chambers Global & Latin America – Energy & Natural Resources (Band 3), The Legal 500 – Next Generation Partner & Recommended, Latin Lawyer 250, Best Lawyers, and the Outstanding Contribution to Diversity & Inclusion Award – Chambers D&I Latin America (2020).
She has published and spoken at conferences on arbitration and energy in Latin America Diana is also actively involved in boards and committees of prominent cultural organizations, expert networks, and international arbitration institutions in Mexico and abroad.
Work Highlights
Energy and Natural Resources
- Served as lead counsel to global refiners, terminal operators, and energy traders on regulatory strategy, permitting, project development, and dispute management across the oil, gas, and power value chains.
- Advised Marathon Petroleum Corporation (MPC / Tesoro Mexico) on the design and development of refined-products business in Mexico, including negotiation with pipelines, storage terminals and rail offloading services; design of import structures, regulatory compliance, and litigation.
- Advised Jaguar E&P in CNH bidding rounds with committed investments of approximately USD 1.2 billion.
- Advised MODEC on regulatory strategy, permitting, and operation of Mexico’s first private FPSO supporting Eni Mexico’s offshore development for approximately USD 1.2 billion.
- Advised Grupo Lodemo in relation to Mexico’s first private maritime refined-products terminal (USD 60 million), as well as in its ongoing activities related to storage, distribution, marketing, and retail sale of fuels.
- Advised the Mexican subsidiary of Proman AG (Gas y Petroquímica de Occidente) on NAESB-based natural gas supply and transportation agreements with CFE energía and CFE International.
- Advised Vopak Mexico on regulatory due diligence, operational compliance, and CRE and ASEA inspections for its fuel storage terminal in Veracruz.
- Represented NuStar Energy (Sunoco) in permitting strategies for the development of a refined-products terminal in Nuevo Laredo and its associated cross-border pipeline.
- Represented logistics companies, marketers, and end-users in connection with volumetric control obligations and regulatory compliance.
Dispute Resolution
- Acted as co-arbitrator in ICC-administered proceedings involving a complex upstream dispute valued at USD 300 million.
- Represented an International Oil company in an ICC arbitration valued at approximately USD 110 million against a major infrastructure company.
- Represented a fuels marketing company in a dispute arising from the commissioning and commercial operation of a large-scale storage terminal.
- Represented clients in litigation arising from CRE and ASEA inspections, including shutdowns, seizures, and suspension orders affecting terminals and facilities.
- Represented COPARMEX in a constitutional challenge against hydrocarbons import/export rules issued by SENER and the Ministry of Economy.
Category: Associates,Capital Markets,Mergers and Acquisitions
written by Adrián Trejo Santiago | April 28, 2024
Regina is an associate at Nader Hayaux Goebel, where she focuses her practice on capital markets, mergers and acquisitions, and general corporate matters, advising a broad range of domestic and international clients.
In these areas, she has been involved in share acquisition and sale transactions, as well as securities registrations, delistings and offerings, including the structuring of securities issuance programs. She also has experience handling regulatory matters before the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores), as well as the Mexican Stock Exchange (Bolsa Mexicana de Valores) and the Institutional Stock Exchange (Bolsa Institucional de Valores), strategically coordinating interactions with regulators, intermediaries and other market participants.
In addition, she has participated in the implementation of corporate structures and the handling of a wide range of corporate and regulatory matters, providing ongoing legal advice to clients in connection with the development of their operations and compliance with applicable legal requirements.
Regina received her law degree from Universidad Panamericana in 2026. She also completed a diploma program in Cybersecurity and Technology Law at New York University.
Work Highlights
Mergers & Acquisitions
- Acquisition of a relevant stake in Grupo Autopistas Nacionales (GANA), a Mexican toll road concessionaire, from Aleatica and Invex.
- Be Grand. Investment for the acquisition of a 50% equity interest in the companies holding a real estate mixed-use portfolio known as Stratto Americas, located in Guadalajara, Jalisco.
- Be Grand. Investment of MXN$1,530 million for the acquisition of a 50% indirect participation in Nomad real estate portfolio, which consists of 6 multi-family buildings with residential, commercial and office areas in Mexico City and in Nuevo León.
Capital Markets
- Elektra. Issuance and public offering of short-term debt certificates under ticker symbol “ELEKTRA 00126”, for a total amount of MXN$2,000 million, under its existing debt program.
- GPI 25. Second additional placement of Series C investment project trust certificates, for MXN$392 million.
- FIBRAeMX. Establishment of its first issuance program for energy and infrastructure investment trust certificates (CBFEs) and its first follow-on issuance of Series A CBFEs under the program, for MXN$3,902 million.
- Nueva Elektra del Milenio. Indirect issuance of USD$350 million in 12.500% Senior Secured Notes due 2031 under its remittance securitization program. The issuance was conducted pursuant to Regulation S and Rule 144A under the U.S. Securities Act of 1933.
- Elektra. First and second issuances and public offerings of long-term sustainability-linked debt certificates under ticker symbols “ELEKTRA 23L” and “ELEKTRA 23-2L”, respectively, for a total amount of MXN$2,500 million, under its 2023 debt program.
- Fibra Danhos. Issuance and public offering of long-term sustainability-linked trust debt certificates under ticker symbol “DANHOS 23L”, for a total amount of MXN$2,500 million.
Category: Associate,Associates
written by Adrián Trejo Santiago | April 28, 2024
Laura is an attorney with more than fifteen years of experience leading and structuring sovereign debt transactions entered into by the Mexican Federal Government (UMS) and its state-owned entities, including Petróleos Mexicanos (PEMEX) and the Federal Electricity Commission (CFE). Throughout her career, she has advised on transactions widely recognized for their innovative nature and significant impact on both domestic and international financial markets.
Her practice has focused on the negotiation and execution of capital markets issuances and liability management transactions of the Federal Government in domestic and international markets; the structuring and negotiation of loans and financial instruments with multilateral financial institutions and international development agencies; and the design and negotiation of complex legal frameworks, including the Federal Government’s ISDA Master Agreement with domestic and foreign commercial banks. Laura was also a member of the Mexican negotiating team for the Services & Investment chapters of the United States– Mexico–Canada Agreement (USMCA), as well as for the Free Trade Agreement between Mexico and the European Union.
In addition, she coordinated the legal analysis of financial transactions of the National Infrastructure Fund (FONADIN) from the Public Credit Unit, the authority responsible for safeguarding the financial equilibrium of the trust.
She further participated in the development, review, and issuance of legal opinions on legislative initiatives, statutory reforms, and regulatory amendments relating to public debt, including her involvement in the drafting and implementation of the Public Debt and Obligations title of the Financial Discipline Law for States and Municipalities.
Laura holds a law degree from Universidad Panamericana and a Master’s Degree in Financial Law Institutions from the same university, which she completed in 2019. Subsequently, she joined Cleary Gottlieb Steen & Hamilton LLP in New York as International Lawyer for one year period.
Work Highlights
Prior to joining the firm, Laura participated in a wide range of landmark transactions, including:
- Mexico’s first Sustainable Bond issuance linked to the United Nations Sustainable Development Goals (SDGs), for EUA 750 million (September 2020).
- Implementation of the second additional financing mechanism for the Stabilization Fund for the Revenues of the Federal Entities (FEIEF), for MXN 70 billion (July 2020).
- Mexico’s first issuance in the FORMOSA market, for USD 3 billion (January 2021).
- First issuance of BONDES G in the local market, for MXN 20 billion (2023).
- Capital markets issuances and liability management transactions for FONADIN.
- Legal review and advisory work in connection with FONADIN’s transaction for the acquisition of 13 Iberdrola power plants, involving an equity contribution of MXN 45 billion.
- Participation in the development of the Federal Government’s Sustainable Taxonomy presentation.
- Design and structuring of the complex financial support framework for PEMEX (2025).
- Drafting and implementation of the Federal Government’s ISDA Master Agreement.
- Issuance of the Mexico City New International Airport Green Bonds, USD 2 billion (2016) and USD 4 billion (2017), as well as the negotiation of the related tender offer following the cancellation of the construction of the project (2018).
Category: Associate,Tax
written by Adrián Trejo Santiago | April 28, 2024
Juan Manuel has more than ten years of experience advising domestic and multinational companies in connection with audits, reviews, and requests from tax authorities, involving both federal and local taxes.
He specializes in designing and implementing effective tax dispute resolution strategies, particularly through alternative mechanisms such as conclusive agreements and complaints filed with the Taxpayer Defense Agency (PRODECON), with the objective of mitigating risks, reducing contingencies, and avoiding unnecessary litigation for his clients.
He also has extensive experience in traditional defense mechanisms, including administrative appeals for revocation, annulment proceedings, and constitutional amparo proceedings, representing clients at every stage of administrative litigation and constitutional proceedings.
In addition, he is a specialist in anti-money laundering matters, advising companies on compliance with obligations arising from the Federal Law for the Prevention and Identification of Transactions with Illicit Proceeds, as well as on the identification, analysis, and management of vulnerable activities and transactions.
He holds a Law and Finance degree from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Santa Fe Campus. He also holds a Diploma in Anti-Money Laundering from the Mexican Institute of Public Accountants and a master’s degree in Corporate Law from Universidad Panamericana.
He has participated as a panelist in specialized international tax forums, including the U.S. and Latin America Tax Trends forum, organized by the International Bar Association (IBA), the International Fiscal Association (IFA), and the American Bar Association (ABA).
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Andrea Tinoco is an Associate at Nader Hayaux Goebel, where she advises domestic and international clients on complex regulatory, insurance and reinsurance, corporate, and transactional matters in Mexico.
She has extensive experience advising Mexican entities, domestic and international insurers and reinsurers, financial institutions, and other local and international companies on financial regulation, regulatory compliance, corporate governance, and transactional matters. She regularly participates in mergers and acquisitions, corporate reorganizations, strategic alliances, financings, and other transactions involving regulated entities, providing legal advice throughout every stage of the transaction, from structuring and negotiation to implementation and closing.
In the regulatory field, Andrea advises clients on authorization, incorporation, acquisition, and reorganization processes involving regulated entities, as well as on the development and implementation of products and business models within the insurance sector. As part of her practice, she maintains regular interaction with Mexico’s principal financial authorities, including the National Insurance and Surety Commission (Comisión Nacional de Seguros y Fianzas – CNSF), assisting clients with regulatory proceedings, compliance
matters, and responses to regulatory inquiries.
Additionally, Andrea coordinates multi-jurisdictional projects involving legal teams across different jurisdictions, assisting international clients in implementing sophisticated legal structures for investments and cross-border operations in Mexico.
Andrea obtained her law degree from Universidad La Salle in Mexico. She also holds a Diploma in Insurance Law issued by the National Commission for the Protection and Defense of Financial Services Users (CONDUSEF).
Before joining the firm, Andrea was a member of the Corporate and Regulatory practice at Hogan Lovells for more than eight years, where she advised domestic and international clients on complex corporate transactions and regulatory matters.
Andrea has been recognized by The Legal 500 as a Recommended Lawyer in Insurance and Reinsurance.
Work Highlights
Corporate | Mergers & Acquisitions
- Advised Seguros Afirme on the sale of 100% of its share capital to HDI Seguros, in a transaction valued at approximately MXN 4 billion, including the negotiation of the transaction documents and obtaining the regulatory approvals required to complete the transaction.
- Advised Insignia Life on the sale of 100% of its share capital to MAPFRE, in a transaction valued at approximately MXN 1.6 billion, including the structuring and implementation of a complex transaction involving more than 90 selling shareholders, coordination of the reverse due diligence process, negotiation of the transaction documents, the design of an escrow trust agreement for the closing mechanics, and a shareholders’ agreement.
- Participated in advising Bureau Veritas on the acquisition of Impactiva Group, in a transaction valued at approximately MXN 429 million, coordinating a multi-jurisdictional due diligence process across ten countries, reviewing legal findings, coordinating local counsel, and supporting the negotiation and implementation of the transaction.
- Advised the partners of Matas Lorenzo, on the sale of the firm to TMF Group, in a transaction valued at approximately MXN 900 million, including transaction structuring, negotiation of transaction documents, coordination of the reverse due diligence process, and the execution and closing of the transaction.
- Advised Industrias Proeza on the sale of its assets to Rudolf Chemicals, in a transaction valued at approximately MXN 30 million, including negotiation of the transaction documents, transaction structuring, and assistance throughout closing. She also advised on the sale of an industrial facility of approximately 5,000 m² for approximately MXN 40 million, including the review and negotiation of real estate documentation and legal aspects related to the transfer of the property.
- Participated in advising Mondelēz International on the acquisition of Grupo Bimbo’s Ricolino confectionery business, in a transaction valued at approximately MXN 27 billion, including coordination of the due diligence process, negotiation of transaction documents, and support in the implementation and closing of the transaction.
- Participated in advising Grupo BIA on the acquisition of Café Punta del Cielo, including reviewing and negotiating transaction documents, analyzing corporate aspects of the transaction, and coordinating deliverables required for implementation and closing.
- Participated in the corporate restructuring of COMPAS (Cooperation Manufacturing Plant Aguascalientes) following the termination of a joint venture between two foreign automotive companies, including coordinating corporate, contractual, labor, and union strategies for a company with more than 1,800 employees and 300 suppliers. She also participated in advising on strategic exit alternatives, negotiations with key stakeholders, and the preparation of transaction documentation.
Insurance and Reinsurance
- Advises domestic insurance companies, reinsurance intermediaries, insurance agents, and other market participants on a broad range of regulatory and advisory matters before the National Insurance and Surety Commission (CNSF), including authorization processes, corporate changes, regulatory compliance, responses to regulatory inquiries, and ongoing regulatory obligations.
- Advises insurers, reinsurers, reinsurance intermediaries, and insurance agents on the structuring, review, and implementation of insurance transactions and products, including regulatory analysis relating to insurance coverage, contractual documentation, distribution schemes, commercialization models, and compliance with applicable regulations.
- Advises on corporate and transactional matters involving regulated insurance entities, including mergers and acquisitions, corporate reorganizations, and other strategic projects, as well as obtaining regulatory approvals from the CNSF and coordinating the regulatory aspects necessary for the implementation of such transactions.
- Advises foreign reinsurers on registration, annual renewal, and compliance with regulatory obligations before the CNSF, including preparing and reviewing the required documentation, analyzing applicable regulatory requirements, and handling communications with the regulatory authorities.
Regulatory
- Advised Nokia–Alcatel Lucent on the regulatory analysis of RAN technologies and equipment, as well as 2G, 3G and 4G services and technologies.
- Advised Live Nation–Ticketmaster on the regulatory analysis of the private radio communication systems market and the review of concession title transfers.
Advised Canadian Pacific Railway–Kansas City Southern on the regulatory analysis of the transfer of concession titles for railway communications, signalling equipment and control centers.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Valeria focuses her practice on banking and finance, M&A and general corporate matters, with a particular emphasis on financing transactions involving financial institutions and other regulated entities.
She regularly advises national and international banks, as well as Mexican companies, in the structuring, negotiation and implementation of corporate and project finance transactions, from initial structuring through closing.
Her experience includes the negotiation of credit agreements, security packages and related financing documentation, as well as the coordination of multi-party transactions involving lenders, borrowers and fiduciary institutions.
Complementing her financing practice, Valeria advises clients on corporate governance, internal audits and due diligence processes, with a focus on identifying risks and implementing practical solutions to ensure compliance with applicable legal and regulatory frameworks.
She also has significant experience assisting companies in the regularization and ongoing maintenance of their corporate affairs, including the organization and update of corporate books, preparation of shareholders’ and board resolutions, and alignment of their corporate structure with operational and regulatory requirements.
Prior to joining the firm, Valeria gained experience in both private practice and public institutions, where she was involved in banking law matters, including financing transactions, factoring arrangements and trust structures.
Work Highlights
- Advised a syndicate of international and Mexican lenders in connection with the amendment of credit documents relating to an asset-backed revolving facility granted to a Mexican trust, for an amount of up to MXN 2.5 billion.
- Advised a Mexican financial institution in the structuring and granting of an asset-backed facility for up to MXN 4 billion, aimed at financing auto loans and refinancing existing indebtedness.
Category: Associate,Banking & Finance,Corporate,Mergers and Acquisitions,Private Equity,Real Estate,Workouts & Insolvency
written by Lizbeth Bermúdez | April 28, 2024
Alberto is an associate at Nader Hayaux Goebel and specializes in mergers and acquisitions, banking and finance, real estate, cross-border transactions, restructurings, private equity and corporate.
He has advised domestic and international clients in different sectors such as manufacturing, food and beverages, automotive, energy, construction, and real estate on complex mergers and acquisitions, commercial transactions, joint ventures, corporate restructurings, complex contracts, real estate lease and purchase agreements, and corporate matters. He has also advised companies and financial institutions on financing and credit operations.
He has extensive experience in general corporate matters, such as incorporation, spin-offs, dissolution, liquidation, restructuring, and regularization of Mexican companies, and has participated in advising on commercial activities, foreign investment, and corporate governance.
Prior to joining the firm, Alberto worked at other leading firms in the country, developing his expertise in the areas of corporate law, mergers and acquisitions, energy and natural resources, and project finance.
Alberto obtained his law degree from Anahuac University Mexico, North Campus, where he received the CENEVAL Award for Excellence in EGEL Performance on his final degree exam. He also holds a diploma in Public Administration and Government from the same institution.
Work highlights
Mergers and Acquisitions
- Advised a company on the acquisition of assets and certain properties through the execution of an asset purchase agreement. The transaction included the assignment of an existing loan, the release of guarantees, and the transfer of permits and licenses.
- Participated in the leveraged acquisition of a leading restaurant group in Mexico in connection with the acquisition of the equity interest held by a private equity fund.
Banking and Finance
- Advised a U.S. bank on a syndicated credit facility involving certain entities of a leading international petrochemical group.
- Advised on the accession of a company to a USD 516 million financing through the execution of joinder agreements to a U.S. law-governed credit agreement and security agreement, as well as a mortgage agreement over certain real estate assets and a security agreement over the company’s assets.
- Has participated in advising foreign banks in connection with bilateral and syndicated loan transactions involving Mexican and foreign companies, as well as the implementation of related collateral arrangements.
Real Estate
- Advised a subsidiary of a leading industrial equipment distribution group on the negotiation and execution of lease agreements throughout Mexico.
Corporate
- Advised a subsidiary of a leading industrial equipment distribution group on the negotiation and execution of lease agreements throughout Mexico.
Category: Associate
written by Adrián Trejo Santiago | April 28, 2024
Regina is an associate at Nader Hayaux Goebel, where her practice focuses on mergers and acquisitions, financing transactions, financial regulatory matters, and general corporate law.
She advises domestic and international clients on a broad range of complex transactions, including mergers and acquisitions, syndicated financing, refinancings and structured debt transactions.
Regina also provides ongoing legal counsel to companies in connection with their day-to-day corporate and commercial matters, including corporate governance and regulatory compliance.
Prior to joining Nader, Hayaux, Goebel, Regina worked for several years at a leading international law firm in Mexico, where she participated in a variety of cross-border and domestic transactions.
Regina obtained her law degree from Universidad Panamericana in 2024.
Category: Associate,Energy,Infrastructure, PPPs and Government Procurement
written by Lizbeth Bermúdez | April 28, 2024
Cesar Parada is an Associate at Nader Hayaux Goebel. His practice has a transactional focus, specializing in energy, infrastructure, project finance, and mergers and acquisitions.
He has experience in the structuring and restructuring of financing transactions for energy and infrastructure projects, as well as advising financial institutions and industry participants on investments, acquisitions, and corporate reorganizations.
Prior to joining Nader Hayaux Goebel, Cesar worked for two years in the energy practice of a leading Mexican law firm.
His experience includes advising clients in the energy sector on regulatory, transactional, financing, and project development matters related to power generation and energy infrastructure projects.
During that time, he participated in the preparation, review, and negotiation of legal documentation for the development, acquisition, and financing of energy assets, as well as in the analysis of the regulatory framework applicable to the electricity sector and the structuring of transactions related to the development and operation of energy projects.
Cesar obtained his Law degree from Universidad Anáhuac México Norte and completed an academic exchange program at IE University in Madrid.
Work Highlights
Infrastructure, PPPs & Project Finance
- Participated in advising the Municipal Operating Agency for the Los Cabos Potable Water, Sewerage and Sanitation System on the supervision of two public-private partnership agreements for: (i) the construction, operation and maintenance, for a 25-year term, of a desalination plant in Los Cabos, Baja California Sur, partially financed by Mexico’s National Infrastructure Fund; and (ii) the management, modernization and operation of the municipality’s potable water system.
- Participated in advising a group of private financial institutions on a secured financing to partially fund Mexico Infrastructure Partners’ (MIP) approximately US$6.2 billion acquisition of 13 power generation plants from Iberdrola México, with a combined installed capacity of approximately 8.5 GW.
- Participated in advising a client on the acquisition of the 874 MW Tierra Mojada combined-cycle power plant, including the review of the transaction documents and analysis of the applicable regulatory matters.
- Participated in advising international energy companies on establishing and expanding their operations in Mexico as part of their nearshoring strategies. The advice included analyzing the regulatory framework applicable to the power sector, evaluating energy supply structures for qualified users, and structuring their projects and operations in Mexico.
- Participated in advising Esentia Energy Systems on the acquisition of a 50% interest in a natural gas compression station located in Soto la Marina, Tamaulipas. The advice included reviewing the transaction documents and analyzing the applicable regulatory matters.
- Participated in advising on the development of an aquaculture facility in Mexico and the formation of a joint venture with a local tomato producer with significant export operations, as part of a broader investment strategy focused on food infrastructure and sustainability.
Category: Associate,Environment and Water
written by Adrián Trejo Santiago | April 28, 2024
Laura is part of the environmental and water resources team at Nader Hayaux Goebel. She has participated in the execution of a wide range of administrative law matters at the federal, state, and municipal levels, as well as environmental and water law matters. She collaborates on legal audits and due diligence processes for transactional operations, identifying legal risks and measures for risk mitigation and correction. Likewise, she assists in designing legal strategies in the obtainment of complex permits and authorizations for the development of water infrastructure, tourism, and manufacturing projects, ensuring their long-term regulatory viability.
She has coordinated the work of a multidisciplinary team and the preparation of highly complex water-related filings, either due to their components or the overturning of previous denials by the competent authorities.
She actively participates in work groups for the development of various public policy proposals, as well as for the Legal Strategy Committee of the Water Advisory Council (Comité de estrategia jurídica del Consejo Consultivo del Agua), which has allowed her to design detailed strategies aligned with current environmental and water policy, including the transition into the digitalization of administrative procedures and their online submission.
Laura holds a Bachelor of Laws degree from the Instituto Tecnológico Autónomo de México (ITAM), were she graduated from with honors. She also earned a Master of Laws (LL.M.) from Syracuse University College of Law.
Work Highlights
- Advised a global manufacturer on the acquisition of a bottle cork production business in Mexico, including transfer of inventory, equipment and workforce associated with the operation.
- Advised a major U.S.-based institutional investor on the acquisition of a minority equity interest in an energy infrastructure company with cross-border natural gas pipeline assets between the United States and Mexico.
- Advised a global asset manager and its joint venture partners on regulatory matters related to water rights, including the successful mitigation of forfeiture risks in connection with an industrial park project in Mexico.
- Advised a real estate developer on securing water rights and obtaining permits for a desalination plant and a wastewater treatment plant in connection with a large-scale mixed-use resort development in Mexico.
- Advised a multinational automotive manufacturer on strategic legal matters related to water stewardship and the protection of water rights to support long-term operations in Mexico.
Category: Associate,Mergers and Acquisitions,Private Equity
written by Lizbeth Bermúdez | April 28, 2024
Andrea Cordero is an associate at Nader Hayaux Goebel, where her practice focuses on mergers and acquisitions and private equity. She advises Mexican and international clients throughout the full lifecycle of corporate transactions.
Before joining Nader Hayaux Goebel, she worked at leading law firms in Mexico, advising domestic and international clients on a broad range of M&A transactions. Her experience includes advising on the acquisition of target companies, asset and stock transactions, mergers and spin-offs, as well as the negotiation and drafting of purchase agreements and related transaction documents. She has also coordinated legal due diligence processes in connection with complex corporate transactions.
Andrea also spent nearly two years as an associate at Sidley Austin in New York, where she advised registered and private investment funds and companies on cross-border M&A transactions, with a particular focus on Latin America.
Her experience also included financings, mortgage loan sales and regulatory matters involving U.S. registered investment companies, including SEC annual filings.
Andrea holds a law degree from the Universidad Nacional Autónoma de México (UNAM) and an LL.M. from Columbia Law School in New York, where she was a Fulbright Scholar and CONACYT grant recipient and was recognized as a Harlan Fiske Stone Scholar.
She also holds a diploma in Business Law from Bucerius Law School in Hamburg, Germany, and completed an exchange program in law at Sciences Po in Paris as a recipient of a Fundación Miguel Alemán scholarship.
Category: Associate,International Trade and Customs
written by Lizbeth Bermúdez | April 28, 2024
Antonio is an associate at Nader Hayaux Goebel, specializing in international trade and customs. He advises multinational companies and government entities on international trade regulation, customs and import/export compliance, economic sanctions, export controls and cross-border regulatory matters, including compliance strategies across multiple jurisdictions and issues affecting international supply chains.
He has advised on trade remedies, customs audits and administrative proceedings before Mexican authorities. He has also prepared legal opinions, regulatory analyses and submissions to authorities and for dispute settlement proceedings under the United States-Mexico-Canada Agreement (USMCA).
He has worked with in-house legal teams, economists, customs specialists and government officials to develop practical solutions to complex regulatory requirements.
He has been recognized as a Recommended Lawyer in International Trade by The Legal 500.
Antonio obtained his law degree from the Universidad Nacional Autónoma de México (UNAM), where he also undertook postgraduate studies in International Trade Law and Tax Law. He pursued LL.M. studies at King’s College London during the 2025–2026 academic year, with coursework in economic sanctions, World Trade Organization law and international investment arbitration, among other subjects.
Work Highlights
International Trade and Customs | Regulatory Compliance
- Advised multinational companies on customs compliance, imports and exports, international trade regulation and cross-border supply chain matters.
- Provided legal advice on trade remedies, customs audits and administrative proceedings before Mexican authorities.
- Advised clients on international economic sanctions, trade restrictions and regulatory requirements affecting their international operations.
- Prepared legal opinions, regulatory analyses and submissions to authorities and for dispute settlement proceedings under the USMCA.
Category: Associate,Banking & Finance,Capital Markets,Energy
written by Lizbeth Bermúdez | April 28, 2024
Carlos works as associate at Nader Hayaux & Goebel and specialize on capital markets, banking, finance, mergers and acquisitions and general corporate matters.
He has experience representing local and foreign public and private companies, investors, banks and other financial entities in different local and cross border transactions, including securities offerings in Mexico and abroad, financings, mergers and acquisitions, private equity and real estate transactions, corporate governance matters and shareholders disputes, as well as securities and financial regulatory matters.
Carlos obtained his law degree from Escuela Libre de Derecho (with honors) in 2019.
Category: Associate,Insurance and Reinsurance
written by Lizbeth Bermúdez | April 28, 2024
Ana Paula is an associate at Nader Hayaux Goebel and has more than seven years of experience advising multinational clients and Mexican and foreign investors.
She is a member of the firm’s insurance and reinsurance team, whose specialized knowledge and experience support a distinctive offering in the Mexican insurance and reinsurance market. She also participates in the firm’s compliance practice, which provides comprehensive and highly specialised advice on the implementation of anti-money laundering (AML) measures, data protection, regulatory compliance and environmental, social and governance (ESG) matters.
Her practice also focuses on banking and finance, corporate and transactional matters, mergers and acquisitions, and regulatory matters.
Ana Paula has advised on the incorporation of companies, project financings, share acquisitions, portfolio sales and the formation of joint ventures. She has also advised Mexican and international financial institutions on data protection, AML, ESG, corporate law, and transactional and regulatory matters.
Ana Paula is a member of the Mexican Association of Insurance and Surety Law (Asociación Mexicana de Derecho de Seguros y Fianzas – AMEDESEF). She also serves as Secretary (non-member) of the Executive Committee of Chapter Zero Mexico, A.C., the Mexican chapter of the World Economic Forum’s Climate Governance Initiative.
She obtained her law degree from Universidad Panamericana in 2023, graduating summa cum laude, and holds an LL.M. from King’s College London in the United Kingdom.
Work Highlights
Insurance and Reinsurance
- Advised a leading real estate group on the incorporation and operation of a Mexican insurance company authorized to conduct property and casualty insurance business.
- Represented more than 31 foreign reinsurers in obtaining registration with Mexico’s General Registry of Foreign Reinsurers (Registro General de Reaseguradoras Extranjeras) to conduct reinsurance business in Mexico.
- Represented MAPFRE in its acquisition of Insignia Life, a Mexican life insurance company.
- Advised Toyota on the incorporation and authorization of an insurance broker in Mexico.
- Advised BMS, a specialist reinsurance intermediary, on its acquisition of two Mexican insurance agents, PWS México and Calomex.
- Represented Principal Financial Group in: (i) the transfer of the insurance portfolio of Principal Seguros, Principal Grupo Financiero, to Seguros Banorte, Grupo Financiero Banorte; and (ii) the transfer of the pension insurance portfolio of Principal Pensiones to Seguros Banorte.
- Advised Bupa on the transformation of Bupa México, its health and medical expenses insurance company, into a specialized health insurance institution (Institución de Seguros Especializada en Salud, ISES).
Data protection and Cybersecurity
- Advised two regulated companies on their regulatory response and compliance obligations following cybersecurity incidents.
- Advised more than five regulated and unregulated companies on the implementation of privacy, data protection and anti-money laundering policies.
- Advised more than ten clients on the preparation and implementation of data protection policies and privacy notices.
Anti-Money Laundering and Regulatory Compliance
- Advised an investment fund on the regulatory implications and compliance measures arising from the identification of a client included on Mexico’s blocked persons list.
- Advised a financial group on determining whether the activities conducted by its subsidiaries qualified as Vulnerable Activities under Mexican law and on complying with the applicable anti-money laundering requirements.
Category: Associate,Tax
written by Lizbeth Bermúdez | April 28, 2024
Montserrat is an associate at Nader, Hayaux & Goebel, and focuses her practice on tax and administrative law.
Her practice focuses on tax and administrative litigation, as well as advising and representing clients in audit, review, and inspection proceedings initiated by federal, state, and municipal authorities, in matters related to income tax and value-added tax (VAT), as well as in conciliation procedures.
Montserrat has experience in tax controversies related to refund claims, crediting, and offsetting of income tax and VAT balances, as well as in matters arising from tax audits, tax assessments, and the issuance of tax credits.
She has also advised clients in the defense of their interests through administrative and judicial proceedings, including administrative appeals, nullity claims, and constitutional claims before the Mexican Tax Administration Service, the Federal Court of Administrative Justice, and the Mexican Collegiate Circuit Courts.
Before joining the firm, Montserrat worked in the administrative law practice of an international law firm in Mexico.
Montserrat earned her law degree, J.D. equivalent, from Universidad Panamericana.
Category: Associate,Energy,Infrastructure, PPPs and Government Procurement
written by Lizbeth Bermúdez | April 28, 2024
Category: Associate,Energy,Mergers and Acquisitions
written by Lizbeth Bermúdez | April 28, 2024
Andrés is an associate at Nader Hayaux Goebel, focusing on energy, corporate law, mergers and acquisitions, infrastructure project finance, and asset-based lending. He advises a broad range of clients on transactions and legal matters within these practice areas.
Andrés has assisted financial institutions and project developers, both domestic and international, in project finance transactions, mergers and acquisitions, joint ventures, corporate restructurings, and other corporate transactions, with a particular emphasis on the energy sector, including renewable energy, oil and gas, infrastructure, and telecommunications. He has also participated in corporate, real estate, and environmental due diligence processes, as well as the preparation of related legal reports and memoranda.
Andrés holds a Bachelor of Laws (LL.B.) and a bachelor’s degree in international relations from the Instituto Tecnológico Autónomo de México (ITAM). He also completed an academic exchange program at Sciences Po University in Paris, France.
Work Highlights
Energy and natural resources | Infrastructure, PPPs & Project Finance
- Participated in the due diligence review of seven power generation facilities, including Heolios Intermediate 1, Engie Eólica Tres Mesas 3, Eólica Tres Mesas 4, Recursos Solares PV de México IV, BNB Villa Ahumada Solar, Buenos Días Energía, and Engie Abril PV, in connection with the potential sale of a 50% or greater equity interest in the projects, the formation of a joint venture with a prospective investor, and/or the refinancing or replacement of existing senior financing arrangements.
- Participated in the representation of a syndicate of 13 financial institutions in the USD 2.5 billion financing granted to Energía Mayakan for the development, construction, and operation of an expansion of the existing Mayakan natural gas pipeline system, primarily serving Mexico’s Federal Electricity Commission (CFE).
- Participated in the negotiation and implementation of the restructuring of a senior loan and a VAT facility governed by Mexican law granted to Concesionaria AT-AT for the construction, operation, and maintenance of the Atizapán-Atlacomulco toll road in the State of Mexico under a forty-year concession.
- Participated in the representation of Proparco and DEG, as lenders, in the USD 70 million financing granted to CTG Control for the design, construction, and operation of a two-segment dark fiber optic cable route extending from Querétaro to the United States border.
Mergers and Acquisitions
- Participated in the legal representation of Platinum Equity in its acquisition of the Products & Healthcare Services (P&HS) business of Owens & Minor for approximately USD 375 million.
- Participated in advising Solenis on its acquisition of NCH Corporation, a global provider of industrial cleaning, water treatment and maintenance solutions, including legal due diligence and the acquisition of NCH’s Mexican entities.
- Participated in advising a leading Mexican cork manufacturer in the sale of its Mexican assets to a foreign company, including the transition of personnel associated with those operations to enable the purchaser to seamlessly integrate and continue the business activities in the Mexican market.
Category: Associate,Insurance and Reinsurance
written by Lizbeth Bermúdez | April 28, 2024
Alain is a member of the insurance and reinsurance team at Nader Hayaux Goebel. He has more than three years of experience, focusing primarily on transactional, corporate, and insurance and reinsurance law.
Within the insurance sector, Alain’s experience includes participating in the incorporation and acquisition of insurance companies, as well as in proceedings to obtain authorizations related to foreign investment in insurance institutions. His practice also encompasses reinsurance matters, corporate governance, regulatory compliance, and the development and registration of insurance products.
He has collaborated on several high-profile projects, notably advising Seguros Afirme on its sale to HDI. In this transaction, he participated in reviewing and drafting transactional and corporate documentation, analyzing and coordinating regulatory aspects, and obtaining the necessary authorizations for the implementation and closing of the operation.
Additionally, he has participated in other M&A transactions, including the review and preparation of their respective documentation Alain completed his studies in Mexico and Spain (Universidad Complutense de Madrid), receiving multiple accolades for his academic performance. He graduated with a Law Degree from Universidad Anahuac México, Campus Norte, with special honors and receiving the CENEVAL Award for Academic Excellence.
Category: Associate,Energy,Infrastructure, PPPs and Government Procurement
written by Lizbeth Bermúdez | April 28, 2024
Montserrat is an associate at Nader Hayaux Goebel, where her practice focuses on energy, infrastructure and regulatory matters.
She has experience advising companies in the energy sector on regulatory and permitting matters involving the transportation, storage, distribution and commercialization of hydrocarbons. Her work has included regulatory strategies, due diligence and compliance matters for energy infrastructure projects, including storage terminals, natural gas facilities and pipelines.
Prior to joining Nader Hayaux Goebel, Montserrat gained experience in energy and regulatory matters, as well as in commercial arbitration proceedings involving energy and infrastructure disputes. Her experience also includes legal research on regulatory matters, contractual disputes and investor protection.
Montserrat earned her law degree from Universidad Iberoamericana in 2021 and an LL.M. in Energy and Environmental Law from Georgetown University Law Center in 2026, where she was awarded a Georgetown University Merit Scholarship. She has also completed diploma programs in Energy Law and International Commercial Arbitration at Escuela Libre de Derecho.
Category: Associate,Tax
written by Lizbeth Bermúdez | April 28, 2024
Adrián is an associate at Nader Hayaux Goebel, where he is a member of the firm’s tax practice. His work focuses on the design and implementation of tax-efficient structures in mergers and acquisitions, as well as providing comprehensive tax advice in complex domestic and cross-border transactions.
He regularly advises domestic and multinational clients across a variety of industries on tax planning, transactional structuring, and ongoing compliance with Mexican tax regulations. His experience includes supporting clients throughout the full lifecycle of transactions, from initial structuring and due diligence to post-closing implementation and regulatory compliance.
In strategic sectors, Adrián offers an integrated approach that combines technical tax expertise with a practical understanding of business needs. His work encompasses advising on tax audit processes, interpreting and applying international tax treaties, issuing technical opinions, and assisting in the structuring of large-scale and sophisticated transactions.
He also has experience navigating the tax implications of cross-border investments and coordinating with multidisciplinary teams in multi-jurisdictional matters.
Prior to joining the firm, Adrián developed his practice at leading Mexican law firms specializing in tax, where he gained experience in both advisory and contentious matters.
Adrián earned his Bachelor of Laws from Universidad Anáhuac México Norte in 2019, where he was awarded the CENEVAL Award for Excellence (EGEL) in recognition of his academic performance. He further obtained a Master of Laws (LL.M.) in International Tax Law from King’s College London in 2025.
Category: Associate,Corporate,Mergers and Acquisitions
written by Lizbeth Bermúdez | April 28, 2024
Regina is an Associate at Nader Hayaux Goebel. She focuses her practice on corporate and transactional law, mergers and acquisitions, and banking and finance.
Regina has extensive experience assisting in the structuring, negotiation and documentation of banking financings, corporate refinancings, international debt capital markets offerings, and M&A transactions across a range of industries, including real estate, financial services, technology and telecommunications.
She has advised domestic and international clients, including financial institutions, public issuers and multinational companies, on complex, high-profile strategic transactions.
Regina holds a Law degree and a bachelor’s degree in international relations from Tecnológico de Monterrey (2025).
Work Highlights
Banking and Finance
- Advised BBVA México and a syndicate of lenders (Banco Multiva, Banca Mifel and BanBajío) on the refinancing of an existing credit facility granted to Valores Patrimoniales DM, owner of the mixed-use development Punto Valle in San Pedro Garza García, Nuevo León, including a new security package and the restructuring of previously issued obligations.
- Advised VINCI Airports on the refinancing of the acquisition debt related to its stake in Grupo Aeroportuario del Centro Norte (OMA), structured through multiple senior facilities provided by a syndicate of local banks.
Mergers & Acquisitions
- Advised Tecnologías Rappi on the sale to Grupo Financiero Banorte of its shares in Tarjetas del Futuro, the operator of Rappicard in Mexico, together with the negotiation of a long-term exclusive commercial agreement. The transaction involved the amendment of existing agreements and the transition from a joint venture structure to a long-term commercial relationship, subject to antitrust approval.
Capital Markets / Debt
- Advised Toal Play on an international exchange offer resulting in the issuance of new senior notes secured by a master trust over its fiber optic network—the first security structure of its kind in Mexico—achieving broad participation from existing noteholders and the listing of the new notes on the Singapore Exchange (SGX-ST).