N oticias - Noticias

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Creel is recognized by IFLR as "National Law Firm of the Year" for second consecutive year


Creel was also nominated for six Deal of the Year Awards 2020, including Loan Deal of the Year with two transactions, M&A Deal of the Year Award, Private Equity Deal of the Year and Project Finance Deal of the Year.

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Suspension of deadlines and terms with respect to filings before SAT and in connection with Federal tax audits


As a measure to mitigate the spread and transmission of Covid-19, the Mexican Tax Administration Service (SAT) published in the Federal Official Gazette the First Modification to the Miscellaneous Tax Resolution for 2020, whereby terms and deadlines applicable to specific acts and proceedings are suspended from May 4 through 29, 2020.

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Regulation of Essential Activities in Mexico in the COVID-19 Environment


One of the main purposes of the March 31 Order is to ensure that activities essential for the Mexican economy may continue during the period envisioned for controlling the COVID-19 pandemic while prioritizing the health of workers. However, the conceptual and obscure drafting of the March 31 Order has compromised this objective. Rather, these shortcomings have forced companies throughout Mexico to struggle with its gaps and try to find a coherent reading of its provisions that is consistent with economic reality.

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Creel Insights on COVID-19 for Mexico: Issuers Reports


<p style="font-weight: 400;">The Easing Measures mostly consist of an extension of terms to file operational, financial and legal reports. Below please find a summary of the Easing Measures set forth in the Resolution:</p>

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Creel Insights on COVID-19 for Mexico: Issuers- Corporate Governance


<h4>Considerations for Directors and Management Team</h4>

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Creel Insights on COVID-19 for Mexico: Issuers - Shareholder Meetings


In a similar manner, the Government of Mexico City and the governments of states of the Mexican Republic have issued similar decrees ordering the suspension of certain activities considered non-essential during the sanitary emergency.

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Competition and COVID-19; Views of the Mexican Competition Commission


In its opinion, COFECE emphasizes its acknowledgment of the problems that the current pandemic creates for companies, consumers and the functioning of markets, and therefore provides the following guidelines to avoid the interruption of the supply chains:

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Public Companies and COVID-19


As more information becomes available, and the magnitude of the implications is better understood, including the potential economic impact, it is clear that other short, medium and long term matters related to the operations and business models of companies need to be addressed.

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Labor Measures Prior to a Suspension of Activities in Mexico


The Federal Executive has the authority to issue decrees and accords ordering the nationwide suspension of work and labor in the private sector.

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Creel Insights on COVID-19 for Mexico


More forceful measures, such as stringent social distancing and relief actions will probably flow from the broad emergency Constitutional powers of the President together with the General Heath Council (Consejo de Salubridad General). If published, a Presidential Decree -similar to the one issued on April 25, 2009 amidst the H1N1 virus outbreak- will have myriad legal implications for business in Mexico. Most immediately such a Decree will have an impact on labor and employment, on performance of contracts and the triggering of force majeure principles and on corporate governance involving crisis management decisions. Other legal issues and challenges particular to the Mexican legal framework will follow shortly after.

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Creel Response to COVID-19


Based on recommendations and advice of international and local governmental agencies, as well as medical professionals, we have adopted a number of measures to ensure the health and safety of our clients, guests, vendors and staff.  Such actions include the cancellation of business travel, the reduction of face-to-face meetings and other in-person events, monitoring personnel health, as well as testing and dry-runs of our remote work protocols, which we are ready to implement as needed.

Creel, Garcia-Cuellar, Aiza y Enríquez, S.C.®

Creel, García-Cuéllar, Aiza y Enríquez was once again recognized by the Financial Times as one of the most innovative law firms in North America


Creel was recognized as the second most innovative in the category of <strong>Accessing New Markets and Capital</strong>, and the fourth most innovative in <strong>New Products and Services.</strong>


Creel Welcomes New Partner


Within our Investigations and Compliance practice, <a href="https://www.creel.mx/en/our-lawyers/narciso-campos-cuevas/" target="_blank" rel="noopener noreferrer">Narciso´s</a> main focus will be in the financial services industry. As part of our financial services practice, he will concentrate on advising financial intermediaries and related companies on regulatory matters.


Creel is again named Mexico Law Firm of the Year


We are delighted to announce that Creel, García-Cuéllar, Aiza y Enriquez has been once again recognized by <em>Chambers and Partners </em>as <strong>“Mexico Law Firm of the Year”</strong> during the <em><strong>Chambers Latin America Awards 2017</strong> </em>held in Miami, Florida on November 17, 2017.


Creel advises KKR in historic sale-leaseback with Pemex


Creel represented Global Private Equity Fund KKR in the structuring and financing of a US$1.3 billion sale-leaseback transaction with Petroleos Mexicanos (Pemex), Mexico´s state-owned oil company, a first-in-kind transaction for Pemex under its new regime derived from Mexico’s Energy Reform in 2014, kicking off a new era in funding for Pemex. Our involvement with the project began with the structuring of the 15 year sale-leaseback asset transaction under Pemex legal framework, the negotiation of all transaction documents, and the US$980 million financing that was funded through a bond issuance and a bank syndicated loan. This transaction has paved the way for other private equity firms to invest in Mexico´s Energy sector.