Chávez Vargas Minutti SC has helped Mexican state-owned mortgage provider Fovissste raise 10 billion pesos (US$503 million) in a mortgage-backed debt tap.
Mexican President Andrés Manuel López Obrador is popularly known as El Peje because of his Tabasqueño accent. The nickname comes from pejelagarto (literally, fishlizard), an alligator-like fish from his native Tabasco. Much like his freshwater namesake, it’s hard to pin down what he is, so Latin Lawyer asked some of Mexico’s top lawyers for help.
Some 150 Latin American and international law firms have helped companies in the region raise more than US$200 billion through nearly 800 debt and equity capital markets deals throughout 2018, according to Latin Lawyer data.
Mexico’s Chávez Vargas Minutti Abogados, SC has hired a former deputy fiscal attorney from the Ministry of Finance and Public Credit to lead its compliance subsidiary.
Chávez Vargas Minutti Abogados, SC has helped the Mexican state of Coahuila obtain a loan worth 36 billion pesos (US$1.8 billion).
A name partner at Chávez Vargas Minutti Abogados, SC predicts Mexico’s new government will take an “iron fist” approach to corruption as the firm’s new compliance subsidiary puts the finishing touches on state-owned bank Banobras’ integrity programme.
Andrés Manuel López Obrador was branded a populist left-winger by his opponents, but senior partners in Mexico’s legal community expect his presidency will bring modest change and even fresh opportunity.
Chávez Vargas Abogados, SC has helped Santander provide a US$140 million loan for the construction of a 700-room hotel in the Mexican tourist hotspot of Cancún.
Chávez Vargas Abogados, SC has helped Mexican state-owned mortgage provider Fovissste obtain a US$48 million credit line.
Twelve Mexican and seven international firms worked on 19 debt capital markets deals for Mexican companies in April and May, raising US$8.1 billion.