Market: Mexico

Mexico fines Praxair for breaching competition commitments

Mexico’s antitrust authority has fined a subsidiary of local industrial gas provider Praxair US$12 million for repeatedly failing to comply with commitments to restore competition in the markets for the bulk distribution of oxygen, nitrogen and liquid argon.

15 June 2021

Ex-Grupo Modelo counsel joins Von Wobeser as partner

Mexican law firm Von Wobeser y Sierra SC has hired the former vice president of legal and corporate affairs at brewing company Grupo Modelo as partner and co-head of the M&A practice – marking the firm’s first-ever lateral partner hire.

14 June 2021

Don’t overlook the G in ESG, warn panellists

In light of the widescale social impact of the pandemic, Latin American companies are increasingly looking at how to incorporate environment, social and governance (ESG) goals in their organisations, but businesses must ensure not to ignore the governance aspect of their ESG targets, or they may face additional compliance and corruption risks, say panellists at Latin Lawyer and GIR Connect: Anti-Corruption & Investigations Mexico.

14 June 2021

Mexico’s Orbia issues sustainability-linked bonds

Mexican conglomerate Orbia has hired Cleary Gottlieb Steen & Hamilton LLP in New York and Ritch Mueller in Mexico City to raise US$1.1 billion in two sustainability-linked bond issuances, as well as launching a tender offer to repurchase debt.

11 June 2021

SoftBank uses LatAm fund for WeWork JV and Mexican investment

Morrison & Foerster LLP in Miami and Los Angeles has helped SoftBank use its Latin American investment fund to inject US$150 million in investment platform Grupo Bursátil Mexicano (GBM) and, through a separate transaction, enter into a joint venture with US flexible office space provider WeWork.

09 June 2021

Chávez Vargas steers Mexico’s third gender bond issuance

Mexican state-owned financial credit institution Fonacot has hired local law firm Chávez Vargas Minutti SC to raise 1.5 billion Mexican pesos (US$75 million) in a gender bond issuance.

09 June 2021

Littler incorporates labour boutique in Mexico

Global labour firm Littler Mendelson PC has strengthened its offering in Mexico by absorbing local labour and employment law boutique Bufete Sales Boyoli, adding one new partner.

08 June 2021

Law Firm Leader of the Year: Manuel Galicia

Featured in 15th Annual Awards

Determined to build a truly institutionalised law firm that fosters genuine collaboration across teams and between ranks, founder and managing partner Manuel Galicia has made his eponymous firm one of Mexico’s most successful legal providers. He is Latin Lawyer’s Law Firm Leader of the Year.

07 June 2021

US private equity snaps up Colombian pharma group

US investment company Acon has hired Winston & Strawn LLP in New York and Washington, DC, Gómez-Pinzón in Bogotá and Mijares, Angoitia, Cortés y Fuentes SC in Mexico City to purchase pharmaceutical group Vitalis, which has facilities in Colombia and Mexico.

07 June 2021

White & Case in Mexican agribusiness fund’s second social bonds

White & Case SC has helped Mexican trust Fondo Especial para Financiamientos Agropecuarios (FEFA) raise 10 billion Mexican pesos (US$504 million) in a debt issuance, including a tranche of social bonds with gender equality objectives.

04 June 2021

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