News
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SOLCARGO advises Nortel Networks in the sale of its global Enterprise Solutions business in Mexico. February 3, 2010 In conjunction with a global asset purchase agreement signed between Nortel Networks Corporation and Avaya, Inc., Nortel’s and Avaya’s Mexican subsidiaries completed a local asset transfer agreement, together with the execution of other ancillary agreements, in discharge of the requirements under the Mexican portion of the USD $900 million worldwide sale with an additional USD $15 million guaranteed for an employee retention pool......
SOLCARGO acts as Mexican counsel to OpenGate Capital in its acquisition of Gabriel Ride Control. November 18, 2009 In an opportunistic investment, OpenGate Capital (“OpenGate”) a private equity firm with headquarters in Los Angeles, California, acquired Gabriel Ride Control (“Gabriel”), a subsidiary of Arvin Meritor, Inc. Gabriel is a multinational manufacturer of shock absorbers and strut assemblies for light trucks and passenger cars. ArvinMeritor is a Fortune 500 company and trades at the NYSE under ticker symbol ARM......
November 26, 2009 Bamboo Finance (“Bamboo”) completed a private equity investment in FINAE, S.A.P.I. de C.V., SOFOM, E.N.R. (“FINAE”), a Mexican non-bank bank institution that finances student loans, focusing on individuals with a credit-risk of Level-D. The investment will enable these individuals to afford private, higher education at some of Mexico’s top tier private universities and help FINAE extend the company’s reach to students from even lower-income families......
November 18, 2009 In a collaboration between Angel Ventures México, S.C. and Club de Inversionistas de México, A.C. (Mexican Investors Club), the Academia de la Inversión will host a lecture by Luis González, entitled “Instrumentos Legales Aplicables en Trasacciones de Capital Privado: Un Enfoque hacia la inversion Ángel” (Legal Instruments applicable to Private Equity: An approach to the Investment Angel)......
Documentaries of Gustavo Carvajal on national television. October 14, 2009 Gustavo Carvajal, partner in charge of the environmental practice of the firm, has filmed a series of documentaries which will be aired on national television (Canal 22) on the following dates:
SOLCARGO and 3 of its partners ranked in Chambers Latin America. October 13, 2009 Solorzano, Carvajal, Gonzalez and Perez-Correa (SOLCARGO) was recently honored in the latest edition of Chambers Latin America, an annual guide put out by Chambers and Partners that ranks the top firms and lawyers in the region. The firm and 3 of the partners were recognized as among the best in Mexico......
SOLCARGO partner, Eduardo de la Parra, wins International Intellectual Property Award. September 7, 2009 Eduardo de la Parra Trujillo, partner of our firm, won the International Intellectual Property Award “Dr. Ernesto Aracama Zorraquín 2009” granted by the Association of Intellectual Property Rights of Argentina (ASDIN)......
SOLCARGO wins landmark defamation case against the PROFECO. September 7, 2009 SOLCARGO represented Servicio Coyoacán in a moral damages claim for defamation against the Consumer Protection Federal Office (PROFECO). In its website, the PROFECO falsely stated that Servicio Coyoacán cheated their customers by delivering less gas than the amount purchased......
August 6, 2009 
August 4, 2009 In June 2009, Clear Channel Outdoors entered into an international public tender sponsored by the Government of the Federal District to “implement a public bicycle system for Mexico City”. The contract was awarded to the entrant to operate and give maintenance to the system, including the physical assets that would be required......
SOLCARGO advises in the acquisition of popular soccer club. January 30, 2009 On December 2008, a group of Mexican investors completed the acquisition of Club León, one of Mexico's most traditional soccer clubs . Attorneys Luis Fernando González and Fernando Eraña, from the firm's Finance & Corporate Practice, and Juan Alberto Rivera, from the Intellectual Property Practice......
SOLCARGO advises Creazione Estilo in its acquisition by Cash America. January 22, 2009 On December 16th, 2008, Cash America International Inc, through a wholly owned subsidiary, Cash America of Mexico, Inc., acquired 80% of the capital stock of Creazione Estilo, company owner of Prenda Fácil, regarded to be the second largest privately owned chain of pawn locations in Mexico......
Amendments that eliminate the “plant requirement”, for the drugs import into Mexico. October 23, 2008 On August the 5th., 2008, modifications to the Regulations on Health Inputs “RIS” (Reglamento de Insumos para la Salud) were approved and published in the Federation Official Daily Gazette, including modifications to article 168 which established that in order to become a holder of a sanitary registry of a drug, the applicant must have had a drug or human consumption biological products plant or a laboratory sanitary license.....
Opening of our office in Playa del Carmen, Quintana Roo SOLCARGO is pleased to announce clients and friends the opening of our office in Playa del Carmen, Quintana Roo for September of 2008. This decision was taken thanks to our increasing presence in Merida.....
SCGPC counsels IGNIA in completion of US$20.6m Funding Round IGNIA Fund I LP, Latin America's first social venture fund, has announced the first close of US$20.6m of capital commitments. The fund seeks to identify, develop and scale-up for-profit, high growth entrepreneurial businesses in sectors with the highest potential to positively impact the lives of low-income people.....
Trace International (www.traceinternational.org), organized a conference on Bribery. The event took place on July the 2nd in Mexico City’s W Hotel and counted with the participation of Gustavo Carvajal Isunza from Solorzano, Carvajal, González y Pérez-Correa, S.C., who exposed the Legal Framework on Bribery in Mexico.
SOLCARGO counsels Road9 in private equity transaction done by The NAFTA Fund of Mexico, LP The Yale Group, Inc., a leading advisor for private placements and mergers and acquisitions, has announced a $4.75 million equity investment in Road 9, Inc. led by The NAFTA Fund of Mexico, LP. “SOLCARGO really performed for us. Their expertise.....
SCGPC and SDVE named top firms by Expansion, Chambers Solórzano, Carvajal, González & Pérez-Correa (SCGPC) has been named one of Mexico’s top eight litigation firms by the leading Mexican business magazine, Expansion. In a special section honoring “The Best Lawyers in Mexico,” SCGPC is ranked.....
SCGPC retained by Banobras for sale of Arrendadora Banobras Banco Nacional de Obras y Servicios Publicos, SNC will carry out a sale of stock representative of 100% (one hundred per cent) of the dully subscribed and paid for Capital Stock of Arrendadora Banobras, S.A. de C.V., by means of a bidding process.....
SCGPC enters into an associate swap with O'Melveny & Myers Solórzano, Carvajal, González y Pérez-Correa, S.C. has entered into a an associate swap program with O'Melveny & Myers LLP, in which the firms will swap attorneys during the summer in their respective Mexico City and Los Angeles offices. As reported by.....
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