News
2019
16
December 16, 2019
Tax
Newsflash - Relevant modifications to the Federal Fiscal Code: new anti-abuse rule, reportable schemes and joint and several liability
With the purpose of countering abusive practices that have been implemented in Mexico throughout the past years, the 2020 tax reform published on the Federal Official Gazette, on December 9th, establishes a series of modifications to the Federal Fiscal Code, including: (i) a new general anti-abuse...
16
December 16, 2019
Tax
Newsflash - 2020 Tax Reform: key takeaways
Income Tax Law: Tax Transparency: In general terms, the reform eliminates tax transparency for foreign entities and vehicles, which will now calculate and pay their taxes as legal entities, in terms of the applicable sections of the Mexican Income Tax Law (MITL). Additionally, such entities or...
13
December 13, 2019
Energy and Infrastructure Projects
ContourGloblal obtains loan to acquire cogeneration plants in Mexico
Ritch Mueller advised The Bank of Nova Scotia, in connection with the granting of a financing to Contour Global to acquire two combined cycle power plants of approximately 500MW located in Veracruz and Tamaulipas. Read note (only available in Spanish) Other media LatinFinance...
12
December 12, 2019
Mergers and Acquisitions
Krispy Kreme Doughnuts Corporation and Glaze International Holding acquisition of Krispy Kreme México
Ritch Mueller represented Taco Holding, and its shareholders (including Nexxus Capital), in connection with its corporate reorganization and subsequent sale of the Krispy Kreme Mexico business to Krispy Kreme Doughnut Corporation and Glaze International Holding. Read note Other media...
26
November 26, 2019
Competition and Antitrust
Newsflash - COFECE closes investigation on concentration in the market of diesel and gasoline
Due to the lack of sufficient evidence, the Federal Commission for Economic Competition (“COFECE” or the “Commission”) has proceeded to the early closing of case file DE-018-2017, consisting in an investigation on the alleged implementation of an illegal concentration in the...
22
November 22, 2019
Banking and Finance
Chambers Client Service Award
On November 22, the Chambers Latin America Awards 2019 were held at the Loews Hotel in Miami. The event brought together firms from North, Central and South America to recognize the best in outstanding performance in key practice areas, strategic growth and excellence in customer service, in their...
22
October 22, 2019
Banking and Finance
Comisión Federal de Electricidad’s $460 Million Syndicated Loan
Ritch Mueller represented BBVA Bancomer, as agent, in a MXN$8,811 million syndicated credit facility to the Comisión Federal de Electricidad, for the refinancing of financed public works (OPF) under Pidiregas.Read note...
21
October 21, 2019
Banking and Finance
Ritch Mueller advised BBVA Bancomer on a loan to the Federal Electricity Commission
Ritch Mueller represented BBVA Bancomer, in a MXN$8,811 million syndicated credit facility to the Comisión Federal de Electricidad (CFE), for the refinancing of financed public works (OPF) under Pidiregas. Read note (only available in Spanish)...
15
October 15, 2019
Capital Markets
Crédito Real becomes the first of its kind to issue Euro debt in Mexico
Ritch Mueller represented Barclays Capital, BNP Paribas and Morgan Stanley, in connection with the offering by Crédito Real of EUR€350 million of its 5.000% Senior Notes due 2027. Read note (only available in Spanish) Other media Abogados.com.ar (only available in Spanish)...
14
October 14, 2019
Capital Markets
Minera México $1 Billion Notes Offering
Ritch Mueller represented BofA Securities, Citigroup Global Markets, HSBC Securities (USA), Santander Investment Securities and UBS Securities, in connection with the offering by Minera México of USD$1,000 million of its 4.500% Senior Notes due 2050. Read note Other media LexLatin (only...
