In excess of the program of his vocation, Richard Cooper has worked on a lot of the most high-profile bankruptcy scenarios, from Pan American Airways inside the early nineteen nineties to Lehman Brothers in 2008. Due to this fact, Cooper’s restructuring abilities continues to be in great need in Latin The usa. Recently, Cooper has recommended on a variety of elaborate restructurings in Mexico, which include: performing as counsel to an advertisement hoc group of bondholders in reference to the 2013 credit card debt restructuring of Maxcom Telecomunicaciones, the first time a Mexican company has managed to outcome a chapter 11 strategy involving a concurrent tender offer and recapitalization; representing Corporación GEO, considered one of Mexico’s greatest household development companies, in connection with the restructuring of roughly $four.
The Jose Cuervo IPO introduced quite a few novel worries in closing the offer, owing partly to fluctuations during the Mexican economic system subsequent the election of President Trump, who has manufactured promises to repeal NAFTA, between other statements, which unsettled trade and financial relations amongst the US and Mexico.
• Representing a South American governing administration entity within an ICC dispute relevant to a lengthy-term h2o provide and collateral expert services concession agreement.
His perform within the telecommunications marketplace on your own has bundled performing over the privatization of Telmex – one of the initially-at any time privatizations in Latin The us – plus much more recently, performing on AT&T’s rollout of strategic acquisitions of cellular corporations Iusacell and Nextel Mexico, which had been partly manufactured probable by the sooner (Telmex) deal, and also Mexico’s structural reforms. He was also integral to Sullivan & Cromwell’s the latest, and extensively praised, litigation perform for Mexican airline Volaris. Now head of Sullivan & Cromwell’s Latin America practice, Galvis performs with customers from across the world on the broad range of issues spanning M&A and personal fairness to jobs, FCPA-connected matters and restructurings.
Are these details there any sectors you regard as probably expansion places for your Mexican market place above the following 5 years?
There have already been noteworthy endeavours by Mexican regulators to foster a stable climate for financial commitment. These changes provided removing prohibitions in industries which were historically restricted to foreign investments.
The choices that strategic buyers is likely to make based upon feasible financial factors are very likely to lead to expense exercise, and so [an increase in] lawful issues.
Is there a crucial economic variable or trend you regard as very likely to affect the Mexican lawful sector more than the following 18 months?
The rule of legislation must be strengthened, however, to ensure judges are unable to prevent the modernization in the authorized framework. Are there any sectors you regard as most likely development locations look at this website for the Mexican marketplace more than the subsequent five years?
The acquisition was the main to test a newly launched industry securities law made to safeguard minority shareholders. In 2011, he represented the shareholders of Global Drilling Capitales, a Mexican oil drilling business, in its sale on the multinational Weatherford. His function addresses An array of cross-border matters, including M&A transactions, debt and fairness securities offerings by Latin American issuers and a wide array of fiscal transactions - like bank lending, challenge finance, asset-backed their website financings and restructurings.
Political relations are probable to carry on to deteriorate, nevertheless, which can influence another election cycle in Mexico.
International expenditure into Mexico, and its reaction to the new US administration, will need to be watched intently. This has the probable to generate unforeseen disputes in contractual agreements really should investments have to be altered as a way to maximize on profitability.
Are there any sectors you regard as very likely expansion spots for that Mexican marketplace above the following five years?
Martinez also regularly contributes articles on Latin American legal troubles, and it is a frequent speaker and lecturer on An array of topics.