Cuatrecasas consolidates its presence in Mexico after a year of growth and increased european investment flow

November 13, 2017

  • Cuatrecasas affirms its potential and commitment to the region at a multitudinous event in the presence of former President Felipe Calderón and the Ambassadors of Spain and Portugal to Mexico
  • Former President Calderón and former European Commissioner Antonio Vitorino discussed future relations between Mexico and the European Union within the framework of negotiations currently taking place to modernize the Global Agreement
  • The office now has a team of 24 people, including 6 partners, 1 counsel and 10 associates
  • The office’s positive progress is complemented by encouraging macroeconomic indicators
  • Europe is the second source of foreign investment, with Spain at the head

Cuatrecasas consolidates its development in Mexico only 18 months after opening its office in the capital city, in March 2016. The Mexican office, which is spearheading its international expansion, is complemented by the alliance with leading law firm Posse Herrera Ruiz in Colombia and 20 years of continuous presence in São Paulo.

The office celebrated one year’s growth in terms of business and team members with an institutional act at Mexico City’s Tamayo Museum that brought together 300 guests, between clients and prominent personalities of the Mexican society.

The Ambassador of Spain to Mexico Luis Fernández-Cid Alas-Pumariño opened the act, which featured a round table on the Mexican and European Union investment scene, with top speakers Felipe de Jesús Calderón Hinojosa, former president of the United Mexican States, and António Vitorino, Cuatrecasas partner and former European Commissioner for Justice and Home Affairs. The Ambassador of Portugal to Mexico Jorge Ayres Roza de Oliveira also attended the act.

Senior Partner at Cuatrecasas Rafael Fontana welcomed the attendees and reaffirmed the commitment to the office in Mexico. “Cuatrecasas has always had an international calling and the Mexican office represents our global spirit. Its growth reflects the economic development of a country that, today more than ever, is open to investment, attracting business and with an enormous potential for growth.”

Increase in the European and Spanish investor appetite

The European Union is the second source of foreign investment in Mexico, totaling over $160 billion in the last 17 years, according to data from the Spanish Ministry of Foreign Affairs and Cooperation.  Spain also leads Foreign Direct Investment (FDI) on the European continent with nearly €3 billion invested last year. Now over 5,700 companies in the region have Spanish capital, a phenomenon that has helped to generate around 130,000 jobs.

The Spanish Directorate General of International Trade and Investment ranks Mexico as the sixth investor in Spain, with over €20 billion invested in 2014, the second largest investing country outside the European Union. And exports do not lag behind: Mexico is the first destination for Spanish exports in Latin America.

These figures are confirmed by the growing number of transactions that Cuatrecasas handled in Mexico in over a year of intense activity. The energy sector reform started by the Mexican government in 2013 to open up the oil industry to private and foreign capital, together with a package of structural reforms in several economic areas, opened the way for new business opportunities. In this regard, the energy, financial services, food, infrastructure, logistics, services, telecommunications, tourism, and transport sectors all stand out.

Cuatrecasas in Mexico

The Mexico City office opened in March 2016 with partners Agustín Cerdá and José Luis Rodríguez, benefiting from the energy reform situation created by Peña Nieto’s government. The office now has a team of 24 professionals, of which 6 are partners, 10 associates and 1 counsel. In recent months, Cuatrecasas has hired Mexican partners Liliana Corzo, Marco Antonio de la Peña, Santiago Ferrer, René Irra and counsel Francisco Carbajal. Mariano Ucar completes the partners team.

The office provides comprehensive legal services that include mergers and acquisitions, joint ventures and other strategic partnerships, finance, competition law, energy law, tax, labor and employment, as well as litigation and international arbitration. It also advises large Mexican companies on local transactions and expansion in the region and in Europe, and Spanish and Portuguese companies on investment in Mexico.

 

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