News

2020


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...

09

November 09, 2020

Tax

Newsflash - 2021 Tax Reforms and Pending Items of 2020 Tax Reform

2021 Tax Reform On November 5, the Congress approved the 2021 tax reform, including the decree with amendments to various provisions of the Mexican Income Tax Law, the Value Added Tax Law and the Federal Fiscal Code (“FFC”), presented to the Congress on September 8, 2020 by the...

04

November 04, 2020

Tax

Newsflash - Application of the new interest deductibility limitation

Pursuant to the new limitation included in section XXXII of article 28 of the Mexican Income Tax Law with respect to interest deductibility, the “net interest” of the fiscal year that exceeds the amount obtained by multiplying the “adjusted tax profit” by a 30%, shall be...

23

October 23, 2020

Capital Markets

Mexican miner Fresnillo places 850 million dollars

We represented Fresnillo in connection with its offering of USD$850 million aggregate principal amount of its 4. 250% senior notes due 2050, and its concurrent cash tender offer of its outstanding 5. 500% notes due 2023. Read n...

02

October 02, 2020

Energy and Infrastructure Projects

Ritch Mueller is recognized by LatinFinance as "Infrastructure Law Firm of the Year in Mexico"

On September 30, 2020 LatinFinance announced the winners of the Project & Infrastructure Finance Awards 2020, recognizing Ritch Mueller as "Infrastructure Law Firm of the Year in Mexico".   LatinFinance also recognized CA-KU-A Gas Compression Project as "Infrastructure Financing...

01

October 01, 2020

Ritch Mueller

Ritch Mueller - New Partners' Announcement 2021

We are pleased to inform you that as of January 1, 2021, Alejandra Echeverria Gonzalez and Gabriel Robles Beistegui will become partners of the firm. Read announcement...

15

September 15, 2020

Capital Markets

Cleary, Sullivan and Ritch Mueller in Mexico's $885 million "green bond" issuance

Ritch Mueller represented BNP Paribas, Crédit Agricole Corporate and Investment Bank, Morgan Stanley & Co. International plc and Natixis Securities Americas LLC. , as underwriters in the offering by the United Mexican States of €750,000,000 of its 1. 350% Global Notes due 2027. Read...

09

September 09, 2020

Tax

Newsfash - 2021 Economic Plan – tax reforms

On September 8th, the Mexican Secretary of Finance submitted the 2021 economic plan before the House of Representatives. Among other documents, the economic plan includes the 2021 Federal Revenue Act project and a project of decree that reforms, enacts and repeals several provisions of the Mexican...

19

August 19, 2020

Capital Markets

Banorte’s $500 Million Notes Offering

Ritch Mueller represented Goldman Sachs, BofA Securities, Credit Suisse Securities (USA) and MUFG Securities, as representatives of the initial purchasers in the offering by Banorte, of USD$500 million of its 8. 375% Perpetual 10-Year Callable Subordinated Non-Preferred Non-Cumulative Tier 1 Capital...

08

August 08, 2020

Mergers and Acquisitions

Discovery Americas’ Investment in Aerotransportes Mas de Carga

Ritch Mueller represented Discovery Americas in its follow on investment in Aerotransportes Mas de Carga. Read note...

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