In the wake of Mexico’s attorney general opening a corruption investigation against former President Enrique Peña Nieto, local lawyers say Mexico’s anti-corruption system is robust enough to handle such a high-profile case, and suggest the country may now be ready for large international corruption investigations.
Mexico’s Chávez Vargas Minutti SC has helped mortgage provider Fovissste make the first local mortgage-backed issuance of 2020 for 6 billion Mexican pesos (US$266 million).
Latin Lawyer gathered data on debt capital markets activity across Latin America during 2019. Here, we present our findings for Mexico.
Mexican firm Chávez Vargas Minutti SC has advised both the borrower and creditor on a US$70 million loan (1.35 billion pesos) to finance a real estate project in Cancún, called El Templo Resort.
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.