News
2021
04
March 04, 2021
Capital Markets
Mexican petrochemical company Alpek repurchases bonds due 2022
Ritch Mueller represented BofA Securities, Citigroup Global Markets and J.P. Morgan Securities, in connection with the offering by Alpek of USD$600 million of its 3.250% Senior Notes due 2031, and its concurrent cash tender offer of its outstanding 4.500% notes due 2022. Read...
26
February 26, 2021
Banking and Finance
Newsflash - Bill Regulating Payroll Deduction Loans
On February 18, 2021, the Mexican Senate passed a bill (the “Bill”) to amend and supplement several provisions of the General Law of Negotiable Instruments and Credit Transactions (“LGTOC”), the General Law on Credit Organizations and Related Activities (“LGOAC”)...
17
February 17, 2021
Competition and Antitrust
Energy and Infrastructure Projects
Newsflash - COFECE issues recommendations to Mexican Congress on the initiative to reform the Law of the Electric Industry
On February 12, 2021, the Board of Commissioners of the Mexican Federal Economic Competition Commission (Comisión Federal de Competencia Económica, “COFECE”) issued an opinion on free concurrence and economic competition, with non-binding effects and identified as...
08
February 08, 2021
Competition and Antitrust
Newsflash - The Mexican Supreme Court ruled against the Federal Executive and SENER in the constitutional control procedure filed by COFECE
On February 3, 2021, the Second Chamber of the Mexican Supreme Court of Justice (Suprema Corte de Justicia de la Nación) resolved the constitutional control proceeding filed by the Mexican Federal Economic Competition Commission (Comisión Federal de Competencia Económica;...
05
February 05, 2021
Capital Markets
Mexico sets a milestone by offering bonds in Taiwan's Formosa market
Ritch Mueller represented Deutsche Bank, Taipei Branch, Goldman Sachs (Asia), Taipei Branch, HSBC Bank (Taiwan) and Morgan Stanley Taiwan, in connection with the issuance by the United Mexican States of its 3.750% Senior Notes due 2071, for an aggregate amount of USD$3,000 million. Read...
05
February 05, 2021
Energy and Infrastructure Projects
Capital Markets
Fisterra Energy obtains financing for more than $1.100 million dollars in Mexico
Ritch Mueller represented Ciclo Combinado Tierra Mojada (CCTM) and its affiliates, in connection with the refinancing of its debt, which included an issuance by FEL Energy VI of USD$953 million of its 5.750% Senior Secured Notes due in 2040; and the execution of a credit agreement between...
03
February 03, 2021
Energy and Infrastructure Projects
Newsflash - Office of the President files an Initiative to Reform the Electric Industry Law
On January 29, 2021, the President of Mexico submitted to the Chamber of Representatives (Cámara de Diputados) of the Mexican Congress an initiative (the “Initiative”) to reform the Electric Industry Law (“LIE"). Prior to its entry into force, the Initiative needs to...
28
January 28, 2021
Ritch Mueller
Ritch Mueller wins Law Firm of the Year in Mexico in LatinFinance's Awards
On January 28, the LatinFinance Deals of the Year Awards 2020 were held to recognize the most outstanding transactions in the financial markets in Latin America, as well as the individuals and institutions involved. Ritch Mueller won the award for Law Firm of the Year in Mexico, and was...
2020
18
November 18, 2020
Competition and Antitrust
Mergers and Acquisitions
CI Bank buys Deutsche Bank's corporate trust business in Mexico
Ritch Mueller represented Deutsche Bank, in the sale to CIBanco, of the corporate trust business of Deutsche Bank Mexico, and in the process to obtain authorization from the National Banking and Securities Commission and the Federal Antitrust Commission. Read note (only available in Spanish)...
17
November 17, 2020
Tax
Newsflash - Bill to eliminate outsourcing schemes
On November 12, the Mexican President presented a bill to amend the Federal Labor Law, the Federal Tax Code, the Mexican Income Tax Law and the Value Added Tax Law, among other regulations, in order to eradicate illegal outsourcing schemes. The following is a summary of the most relevant...
