“Ana Paula Pardo Lelo de Larrea is a real tax expert. Highly creative and dedicated, she has in-depth knowledge and knows how to guide us through very complex scenarios." Chambers & Partners (2027)
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.