News
2020
03
February 03, 2020
Banking and Finance
Grupo Axo´s Syndicated Loan
Ritch Mueller represented BBVA, as administrative agent, HSBC and BBVA, as joint bookrunners, and certain financial institutions party thereto, in connection with an unsecured amended and restated credit agreement dated September 6, 2019, entered into by Grupo Axo and certain of its subsidiaries,...
30
January 30, 2020
Capital Markets
FEMSA in $1.5 Billion Offering
Ritch Mueller represented BofA Securities, Goldman Sachs and JP Morgan Securities, in connection with the offering by Fomento Económico Mexicano of USD$1,500 million of its 3.500% Senior Notes due 2050. Read note Other media LexLatin (only available in Spanish)...
29
January 29, 2020
Ritch Mueller
Ritch Mueller is awarded by LatinFinance as Law Firm of the Year: Mexico
On January 29, the LatinFinance Deals of the Year Awards 2019 were held at the Gotham Hall in New York, where the most outstanding transactions in Latin America's financial markets were recognized, as well as the professionals and institutions involved. Ritch Mueller was the winner of...
21
January 21, 2020
Banking and Finance
Fibra Uno obtains financing for $500 million dolars
Ritch Mueller represented BBVA Bancomer and HSBC Securities (USA), in a USD$500 million syndicated term credit facility to Fibra Uno. Read note (only available in Spanish) Other media Global Legal...
17
January 17, 2020
Real Estate
German GLL agent buys part of an office building in Mexico City
Ritch Mueller represented GLL Real Estate Partners, a German real estate fund manager, in the financing and acquisition of 80% of a Class A office building located in the neighborhood of Lomas de Chapultepec, in Mexico City. Also, as part of the transaction, we represented GLL in the lease...
2019
19
December 19, 2019
Real Estate
Fibra Uno increases its portfolio of industrial properties
Ritch Mueller represented FINSA and Walton Street Capital, in the sale to Fibra Uno of a real estate portfolio (Titan’s Portfolio) comprised by 74 industrial properties located in 9 states and 10 cities of Mexico with a value of USD$841 million. It was considered the largest industrial real...
16
December 16, 2019
Tax
Newsflash - Comments to the interest deductibility limitation published in the 2020 tax reform
The 2020 tax reform introduces subsection XXXII to article 28 of the Mexican Income Tax Law (MITL), with the purpose of limiting the deductibility of net interest paid by companies in a given fiscal year, to the amount that results from multiplying the net adjusted profit by 30%. In simple words,...
16
December 16, 2019
Real Estate
Walton Street Capital’s $67.6 Million Sale of avenida Insurgentes 1079
Ritch Mueller represented Walton Street Capital and GBI Inmuebles, in the sale to a group of private investors of an office building located on Insurgentes Sur 1079, in Mexico City. Read note Other media LexLatin (only available in Spanish)...
16
December 16, 2019
Tax
Newsflash - The new tax transparency regime for the private equity industry
With the purpose of adopting the OECD and G-20’s recommendations issued within the BEPS (Base Erosion and Profit Shifting) project, the 2020 Tax Reform includes important modifications to regulate the tax regime of foreign transparent entities and foreign vehicles, which affect the tax...
16
December 16, 2019
Tax
Newsflash - Deductibility limitation for payments made to foreign based related parties
The 2020 tax reform published on the Federal Official Gazette, on December 9th,modifies section XXIII of article 28 of the Mexican Income Tax Law (MITL), disallowing the deduction of payments made to foreign based related parties or transactions executed through “structured...
