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News

2021


29

March 29, 2021

Energy and Infrastructure Projects

Newsflash - The President of Mexico submits to Congress an initiative to amend the Hydrocarbons Law

On March 26, 2021, the President of Mexico submitted to the Chamber of Representatives (Cámara de Diputados) of the Mexican Congress an initiative (the “Initiative”) to amend the Hydrocarbons Law (“HL"). Before it may become effective, the Initiative would need to be...

26

March 26, 2021

Real Estate

Finsa buys two industrial parks from Prologis

Ritch Mueller represented Prologis (Fibra Prologis), in the sale of a portfolio of industrial properties to FINSA, located in El Salto, Jalisco. Read note (only available in Spanish)...

10

March 10, 2021

Energy and Infrastructure Projects

Newsflash - Amendments to the Electric Industry Law are enacted

On March 9, 2021, a decree amending and adding several provisions of the Electric Industry Law (“LIE”) was published in the Federal Official Gazette (the “Decree”).  The Decree becomes effective the day after its publication. The terms of the Decree are essentially...

05

March 05, 2021

Pro Bono

Ritch Mueller is recognized as "Pro Bono Leading Lights 2020"

Latin Lawyer and The Cyrus R. Vance Center recently recognized law firms "making a noteworthy contribution to strengthening Latin America’s pro bono culture".  Ritch Mueller was once again recognized as "Pro Bono Leading Lights" in Mexico. Click HERE to learn more about the...

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...

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