Del Castillo y Castro Abogados's team is specialised in the range of bankruptcy and insolvency matters, including restructurings, workouts, and related litigation. The group is well-versed in representing manufacturing, commercial and service companies, in their capacity as debtors, in a wide range of financial operations, including syndicated credits, the financing of assets and the exchange of debt. Additional areas of focus include the representation of domestic and international banks as creditors, and the handling of the transactional aspects of restructuring, such as securities issuances. Leadership of the practice is shared between the firm’s founding partners, Fernando Del Castillo and Alfonso Castro. Del Castillo specialises in insolvency, civil and mercantile litigation, as well as arbitration; while Castro adds corporate, finance and capital markets expertise. Linda García de Alba takes care of general corporate advisory work, banking and finance mandates, and the restructuring of private and public debt. Associate Karla Gabriela Silva left the firm, effective January 2024.

Bankruptcy and dispute resolution-focused boutique Guerra, Hidalgo y Mendoza (GHM) is a strong choice for the range of restructuring and insolvency mandates. The team is regularly instructed by private individuals, banks, companies and government bodies, and has substantial experience navigating debt restructuring mandates and litigating complex insolvency matters. The ‘highly technical’ and ‘business-driven’ team assists debtors with restructuring their debt by negotiating agreements with creditors. On the creditor’s side, it is skilled in the recovery of funds following the debtor’s insolvency. Three partners share leadership of the group: Jesús Ángel Guerra Méndez, described as ‘one of the best trial lawyers in Mexico’; Patricio Hidalgo; and Elias Mendoza. Hidalgo’s practice takes in litigation, bankruptcy proceedings, and ADR; while Mendoza focuses on civil, commercial, administrative and bankruptcy-related litigation. Also noted are associates Sandra Trejo, Patricia Cervantes, and Adrián Villamil, who specialise in civil and commercial litigation, arbitration and restructuring.

Sainz Abogados's practice brings together transactional and litigation expertise, offering banks, securities companies, and corporations assistance with in-court and out-of-court bankruptcy and restructuring proceedings, cross-border reorganisations, insolvency procedures and workouts. Recent years have seen the group participate in some of Mexico’s most significant cases, including Unifin Financiera, Alpha Credit, Oro Negro, Aeroméxico, Altán Redes and TV Azteca. Alejandro Sainz steers the practice and has experience representing both companies from various industries in insolvency matters, as well as ad-hoc committees of international bondholders and those holding notes issued by Mexican entities abroad. His broad practice also takes in finance, corporate governance, M&A, investigations and compliance. Additional key figures include Daniel Díaz Álvarez, who handles bankruptcy, commercial litigation, shareholders’ conflicts and public work disputes; Santiago Alessio, Rodrigo Guaida, and Gabriela Avendaño, who major on corporate reorganisations, bankruptcy and cross-border insolvency procedures. Associates Yoare Heredia, Lucía Laganá, and Luis Antonio Estrella provide the partners with across-the-board support. The firm has been notably strengthened with the April 2024 arrival of an eight-strong group from Pérez-Llorca, including specialists in banking and finance, corporate and M&A, competition, and energy and projects.

Creel, García-Cuéllar, Aiza y Enríquez, S.C.‘s bankruptcy group offers clients support with restructuring transactions, regulatory issues, workouts and the liquidation of distressed companies. The practice’s client roster features both debtors and creditors – an array of major banks, corporations, and private equity funds – and team members also have experience acting as mediators and receivers in insolvency proceedings. The department is co-directed by Carlos Aiza and Rodrigo Castelazo, who are active in restructurings, capital markets and corporate finance transactions. Additional key contacts include Pedro Velasco, who represents creditors and debtors on the non-contentious aspects of restructurings; and Emilio Aarún, who handles cross-border debt restructuring and negotiations with secured and unsecured creditors. Of counsel Thomas Heather is noted for his expertise in restructuring, arbitration, and corporate governance mandates and lauded for his ‘experience, professionalism and deep knowledge’. Focused on capital markets and restructuring, Christian Dorantes was promoted to counsel in January 2024.

Martínez, Algaba, de Haro y Curiel's bankruptcy and restructuring offering is centred on representing creditors, including major banks and financial institutions, in high-profile bankruptcy cases and out-of-court restructurings. Five partners share leadership: Jorge de Haro specialises in bankruptcy, financial and banking regulation-related disputes; while Javier Curiel Obscura and Diego Gutiérrez Martínez-Parente handle insolvency, litigation, and arbitration. Alejandro Legaspi Lanz routinely advises credit and banking institutions on bankruptcy proceedings; and Mauricio Mendoza's practice is centred on controversies related to securities, litigation and bankruptcy mandates. Key associate-level contacts include litigator Sabrina Loyo, who has significant antitrust and telecoms expertise; and Vicente Cuairán, who focuses on civil and commercial litigation and restructuring mandates. Since publication, the firm has announced that it is merging with Creel, García-Cuéllar, Aiza y Enríquez, S.C., with completion due in the first quarter of 2025.

The ‘extremely knowledgeable’ and ‘highly respected’ team at Nader, Hayaux y Goebel, SC has a track record handling high-profile restructurings and workouts in Mexico. Representing lenders – including banks, bank syndicates, investment funds, hedge funds and other financial institutions, bondholders and creditors’ committees – is a key area of focus for the group. The team has additional experience advising debtor clients in the real estate, oil-and-gas, aviation and infrastructure sectors, and also often works in conjunction with U.S. counsel on cross-border insolvency matters. The group is ably led by Michell Nader and Javier Arreola. Nader, lauded by one client as ‘without a doubt one of the best lawyers in Mexico’, has a broad practice that spans finance, M&A and restructuring; Arreola handles projects, development and restructuring, and is praised for his ‘technical knowledge’. Additional key contacts include Adrián López G. and José A. Noguera, the latter of whom was promoted to the partnership in January 2024.

Pérez Correa González's practice handles both the contentious and non-contentious aspects of bankruptcy and restructuring mandates. Team members routinely act as conciliators, trustees, mediators, receivers and liquidators in bankruptcy proceedings. As well as assisting distressed companies in the financial services, real estate, tech and healthcare sectors, the group is active in the insolvency proceedings of individuals. The team is directed by a group of four partners, comprising Fernando Pérez Correa, Zulima González, José Covarrubias and Jorge Labastida. Pérez Correa has experience acting on notable proceedings that include representing Central Hielera and Productores de Hielo in relation to the bankruptcy proceedings filed by two of their creditors. As well as handling domestic and cross-border insolvency and bankruptcy proceedings, such as advising Landsteiner Scientific on the bankruptcy proceeding filed by one of its creditors, González is well-versed in the resolution of contractual and non-contractual disputes. María Fernanda García is the key associate-level contact.

Working across the firm’s Mexico City and Monterrey locations, the bankruptcy practice at Galicia Abogados S.C. is frequently involved in restructurings, distressed asset transactions, and preventive financial restructuring, acting on behalf of both creditors and creditors. Additional pillars of practice include advising on the restructuring of sovereign debt, and the provision of transactional advice – covering leveraged buyouts, distressed M&A, corporate break-ups and spin-offs, divestitures and distressed financing. Monterrey-based Eugenio Sepúlveda co-leads the team from the Monterrey office and handles banking, M&A, project finance, and restructuring mandates. Also in Monterrey, senior associate Andrés Caro de la Fuente assists across the gamut of restructuring matters. Disputes partner Rodrigo Zamora co-leads from Mexico City. Karla Silva joined from White & Case S.C. in October 2024.

The lawyers at Hogan Lovells' bankruptcy group have experience representing both lenders and borrowers in restructuring transactions, as well as representing creditors and debtors alike in voluntary, involuntary and pre-packaged reorganisation proceedings. The team has recently been involved in the restructurings of companies in the financial services, chemicals, tech and insurance sectors. Five partners share leadership of the practice: Federico de Noriega Olea, Omar Guerrero Rodríguez, Jorge Francisco Valdés King, Luis Ernesto Peón Barriga, and René Arce Lozano. De Noriega Olea specialises in corporate and financial transactions, while Guerrero Rodríguez is known for his arbitration and litigation practice. Valdés King and Peón Barriga focus on dispute resolution, restructuring and employment mandates, while Arce Lozano takes care of financing and project finance operations. All partners are based in Mexico City, with the exception of Arce Lozano, who works from the Monterrey office. Counsel Juan Arturo Dueñas is well-versed in both restructuring and non-contentious insolvency matters.

Mañón Quintana Abogados routinely defends financial institutions, listed companies and stock market clients involved in reorganisation or bankruptcy proceedings. A recent highlight saw the group represent Banjercito as a creditor in the insolvency of Banco Famsa. Founding partners Antonio Mañón and Gerardo Quintana Pineda, along with January 2024 arrival Ricardo García Cordero Sasía (previously at Márquez, Castelazo & García Cárdenas, S.C.), co-lead the practice. Mañón has significant experience representing clients in the automotive sector – as well as banks and other financial institutions – in arbitration and insolvency or commercial litigation, while Quintana Pineda and Cordero Sasía have additional expertise in insurance and reinsurance litigation. The practice was strengthened in June 2023 by the arrival of senior associate Ana Karen Nava González, previously at Cannizzo, Ortiz y Asociados SC.

Mijares, Angoitia, Cortés y Fuentes S.C.'s bankruptcy group is equipped to assist parties involved in insolvency proceedings, financial restructurings, workouts and related litigation. In recent months, the team has been active on mandates involving the construction, oil-and-gas, and financial sectors. Everardo Espino directs both the firm’s restructuring and litigation departments; his practice takes in civil, commercial, insolvency and administrative litigation. Espino recently led the firm's advice to Mexico Tower Partners, as creditors, in the insolvency proceeding of Altán Redes. Luis Pablo Ramírez Martínez, who was promoted to the partnership in July 2023, specialises in administrative litigation and arbitration. Deeply experienced associate Ramiro Cota is an additional key contact and frequently acts in insolvency proceedings on behalf of creditors.

Ritch, Mueller y Nicolau, S.C.'s bankruptcy and restructuring practice group is regularly involved in major corporate restructurings, with a particular track record in the finance, mining, satellite communications, real estate, and telecoms segments. Team members have experience acting as insolvency administrators, foreign representatives and liquidators in bankruptcy proceedings. Leadership of the practice is shared between Jean Paul Farah Chajín and Pablo Perezalonso Eguía. Farah’s broad practice takes in banking and finance, capital markets, corporate restructurings, and M&A; while Perezalonso is well-versed in the structuring and restructuring of secured and unsecured credit facilities for Mexican private and public-sector borrowers. Additional key contacts include finance, corporate, and capital markets practitioner Luis Nicolau Gutiérrez; and Adriana Padilla Rivas, who specialises in arbitration and insolvency mandates, and is lauded for providing solutions that are ‘tailored to the client’s best interests’.

Von Wobeser y Sierra, SC's practice group specialises in assisting secured and unsecured creditors, debtors, investors and directors with contentious domestic and cross-border bankruptcy and out-of-court restructuring mandates. Recent months have seen the team act on a number of matters involving the logistics segment; it also has experience with regards to proceedings involving the mining, retail and aviation sectors. Leadership of the department is shared between Diego Sierra and Jessika Rocha. Dual-qualified (Mxico and New York), Sierra is well-versed in matters involving anti-corruption, due diligence, litigation, arbitration and bankruptcy; Rocha also has arbitration and litigation experience, and advises clients facing bankruptcy on preventative commercial strategies. Raymundo Soberanis is noted for his civil, commercial, and administrative litigation expertise. Alejandro Torres and Gustavo Vaca are the key associate contacts.

The ‘dedicated’ team at Clyde & Co is lauded by clients for its ‘extensive knowledge of bankruptcy litigation‘. The group is also equipped to advise on the full spectrum of non-contentious matters involved in bankruptcy and insolvency proceedings, and has experience acting in cases involving the energy, transport, infrastructure and insurance segments. Vicente Bañuelos Rizo steers the practice and garners client praise for his leadership skills; he specialises in litigation, arbitration, and bankruptcy matters. The key contacts at associate level include senior Gabriela Ángel Navarro; and Carlos Eduardo Milla, both of whom support Bañuelos with arbitration, litigation, and bankruptcy mandates.

Lauded for its ‘innovative and practicable solutions’ and ‘high ethical standards’, the ‘extraordinary’ team at litigation boutique Malpica, Iturbe, Buj y Paredes, S.C. is equipped to represent creditors and debtors alike in commercial bankruptcy proceedings. Recent months have seen the group active on high-profile contentious mandates, including representing a group of bondholders seeking repayment of the debt owed by Crédito Real following its bankruptcy proceeding. Key contacts include Juan José Iturbe, who has experience representing debtors working in the construction, aeronautics, steel, and finance segments; fellow name partner Carlos Malpica; and civil and commercial litigator Fernando de Ovando. Administrative litigator Ismael Reyes Retana arrived from White & Case LLP in January 2024.

Lauded for its ‘extensive subject knowledge and integrity’, the Mexico City-based team at White & Case S.C. takes care of complex bankruptcy, restructuring & insolvency mandates, primarily acting on behalf of creditors, including domestic and international banks. A recent highlight saw the group assist Afirme Grupo Financiero as the largest creditor in the restructuring and bankruptcy proceeding of Minera del Norte. Enrique Espejel steers the practice and specialises in bankruptcy litigation. Additional key figures include María Teresa Fernández Labardini, whose broad practice encompasses M&A transactions, requests for authorisations before the financial and regulatory authorities, loan restructurings, and compliance issues; and litigator Diego Mora-Jensen Garza, who focuses on bankruptcy, and commercial and civil litigation matters.