About

Number of years practice:

37

Principal practice areas:

Capital Markets

Bar admissions:

New York

Languages spoken:

English

Over the past year, Stuart Fleischmann has been involved in notable cases within the financial services industry which included advising banks Citi, Goldman Sachs, HSBC, J.P. Morgan, Bank of America, Credit Agricole and Mizuho in connection with a debt refinancing plan for Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company. He has also represented Goldman Sachs & Co. LLC and Santander Investment Securities Inc. as initial purchasers in connection with the offering by Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México of US$1.3bn of its 5.950% Tier 2 Subordinated Preferred Capital Notes due 2028.

What differentiates your Mexico-facing practice from those of your US competitors and peers?

I bring decades of experience advising banks and other financial institutions on capital markets and other financing transactions in Mexico. My practice also focuses on the oil and gas sector.

What are the advantages and disadvantages of advising Mexico-based clients from an office in the United States?

For capital markets, there is very little disadvantage to working from US offices. In fact, our base in New York means we have strong relationships with the financial institutions often active in the country and the knowledge of New York law under which most transactions are performed.

What changes in the commercial and/or legal market do you anticipate in the 12 months ahead in Mexico?

The political shifts in Mexico are spilling into the capital markets, leading investors to be hesitant, specifically in the energy and infrastructure sectors. It is unclear what level of support and management the public sector will receive, so the market will be waiting for a clearer message from the government.

What influence will legal technology have on US/Mexico working practices in the future?

Legal technology will enhance our efficiencies and cost-savings in providing more seamless service to Mexico – both for clients and with local counsel –from New York.

What is your perception of in-house counsel’s priorities in terms of client service when working with US-based law firms?

Mexican companies are sophisticated consumers of legal services and hold their outside counsel to the highest possible standards, expecting high-quality legal advice and responsive client service.

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