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News

2020


03

April 03, 2020

Banking and Finance

COVID-19 NEWSFLASHES

Below you will find relevant news related to the COVID-19: CNBV | Recommendation regarding the payment of dividends, repurchase of shares and other benefits of stockholders of banking institutions  CNBV issues special accounting treatment for banks Compliance and Anti-Money Laundering...

02

April 02, 2020

Banking and Finance

Newsflash - COVID-19 – Declaration of Sanitary Emergency due to Force Majeure

On March 30, 2020, the National Health Council published a decree in the Official Federal Gazette (the “DOF”) pursuant to which it declared the epidemic generated by the COVID-19 disease as a state of sanitary emergency due to force majeure and authorized the Ministry of Health to...

02

April 02, 2020

Banking and Finance

Ritch Mueller represented BBVA Bancomer in connection with a loan from Rassini

Ritch Mueller represented Bancomer, in a senior secured loan agreement of USD$470 million to Rassini, to refinance existing debt. Read note (only available in Spanish) Other media: Global Legal Chronicle...

31

March 31, 2020

Competition and Antitrust

Newsflash - COFECE's position with respect to the COVID-19 health emergency

The Federal Commission of Economic Competition (“COFECE” or the “Commission”), as a result of the current health emergency, has joined the efforts of various agencies of the Mexican Federal Government to reduce the risk of the spread of the virus, by issuing a ruling...

29

March 29, 2020

Tax

Newsflash - COVID-19 Tax Considerations (in the absence of tax incentives)

It is a reality the negative economic impact that companies and individuals around the world are facing as a consequence of the COVID-19 pandemic. Nevertheless, the Mexican Government has decided not to grant any fiscal or tax incentives in connection with federal taxes, such as income tax, VAT or...

26

March 26, 2020

Banking and Finance

Newsflash - COVID-19 – Potential Effects on Contractual Obligations

As the effects of COVID-19 pandemic continue to be felt across the globe, many governments have implemented measures aimed at preventing the spread of the disease. Such measures may have significant impacts on the ability of parties to perform their obligations pursuant to international commercial...

16

March 16, 2020

Banking and Finance

Crédito Real and Marevalley Corporation’s $110 Million Credit Facility

Ritch Mueller represented Credit Suisse, in an unsecured credit agreement of USD$110 million to Crédito Real and Marevalley Corporation. Read note  Other media: Abogados.com.ar (only available in Spanish)...

16

March 16, 2020

Capital Markets

Fomento Económico Mexicano’s $300 Million Notes Offering

Ritch Mueller represented BofA, Goldman Sachs and JP Morgan, in connection with the offering by Fomento Económico Mexicano of USD$300 million of its 3.500% Senior Notes due 2050. Read note Other media: Abogados.com.ar (only available in Spanish)...

16

March 16, 2020

Banking and Finance

Newsflash - COVID-19 - Measures

Dear Clients and Friends,  At Ritch Mueller we continue to closely monitor and actively respond to the COVID-19 epidemic. We have instituted a variety of precautions and we will continue to take a dynamic approach to this difficult situation. Our two top priorities are the well-being of our...

14

March 14, 2020

Mergers and Acquisitions

Promecap Acquisition Company’s $200 Million Acquisition of Acosta Verde

Ritch Mueller represented Acosta Verde, a real estate company specialized in commercial properties, and its shareholders (including private equity fund Equity International), in connection with an investment by Promecap Acquisition Company in Acosta Verde, and in the de-SPACing process of such...

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