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Global Guide
Firm Profile

Santamarina y Steta SC

Firm Profile

México City

  • Profile
  • Edificio Omega
  • Campos Elíseos 345, Floors 2, 3 and 11
  • Col. Chapultepec Polanco
  • México City
  • Ciudad de México
  • Mexico
  • 11560

Firm profile submitted by Santamarina y Steta SC

Managing Partner: Alberto Saavedra Olavarrieta
Number of partners: 24
Number of lawyers: 135
Number of special counsel worldwide: 2
Languages: English, French, German and Spanish

Santamarine y Steta provides 70 years of experience and strength in the legal field backed by a complete knowledge of the business environment and an extensive practice in a great variety of both domestic and international matters. The firm offers comprehensive services in more than 35 practice areas of law related to business activities and industries, representing individuals and organisations with influence in the private, public and non-governmental sectors.

The firm provides a vast range of creative solutions to complex transactions while preventing conflicts and future contingencies. More than 1,000 active clients permanently rely on us to face business challenges. Some of them have been with the firm for over 60 years, as a result of our continuous development and expertise to cover practically all sectors of the economy.

The firm’s partners have an extensive professional background and between 15 and 45 years of experience within Santamarina y Steta. A significant number of their lawyers have complemented their education at international law firms and universities abroad.

Santamarina y Steta have developed strong alliances with top law firms in more than 60 countries and are the exclusive Mexican member of strategic international organisations to offer their clients a solid network without borders.

In additional to general corporate practice, the firm has specialised departments in the following areas: aerospace and satellite, agrarian and indigenous consulting, aviation, banking and financial institutions, capital markets, civil and commercial litigation, commercial arbitration (and alternate dispute resolutions), constitutional, administrative and tax litigation, consumer protection, corporate governance, e-commerce, economic competition / antitrust, education, energy and gas, environmental and natural resources, family offices and estate planning, franchising and licensing, government procurement, health and life sciences, immigration, insurance, intellectual property, international trade and antidumping, labor and employment, maritime, mergers, acquisitions and joint ventures, mining, money laundering prevention, privacy and data protection, project finance and infrastructure, real estate, regulatory, restructuring, workouts and insolvency, social security, taxation, telecommunications, media and technology and tourism.

Recent Transactions:

Wirecard AG
■Advised and represented Wirecard AG in the acquisition of the Mexican piece of Citigroup’s Prepaid Card Services. Wirecard AG is a leading technology company focused on creating and managing solutions for electronic payment transactions. Since its foundation in 1999, it has supported the electronic payments’ environment, including enhancing fraud prevention. The acquisition of Citigroup’s prepaid card business unit will allow Wirecard AG to expand activities into the North American market while strengthening its global platform.It is expected that the transaction will close in the last quarter of 2016, after regulatory approvals.

Corporación Geo, S.A.B. de C.V.
■Santamarina y Steta is advising and representing Corporación Geo, S.A.B. de C.V. (“Corporación Geo”) in the restructuring of over $3.2 billion of indebtedness, consisting of a pre-packaged restructuring plan “Plan de Reestructura Previo” implemented through a Insolvency Proceeding “Concurso Mercantil” proceeding filed by Corporación Geo and 15 of its subsidiaries (“GEO”) on March 24 2014 The proposed reorganisation would be one of the largest debt-for-equity restructurings in Mexico’s history, whereby the creditors and potential new investors may receive a majority of equity and control, and the first to contemplate debtor-in-possession financing and/or asset sales to keep operations going while the restructuring legal proceedings is pending

El Puerto de Liverpool, S.A.B. de C.V.
■Santamarina y Steta recently advised and counseled El Puerto de Liverpool, S.A.B. de C.V., to acquire a majority stake in Ripley for up to 813 billion Chilean pesos (US$1.2 billion), which could represents after the public offering at least 25.5 percent of Ripley. The agreement is still subject to various conditions, including regulatory approval. The acquisition includes an option for Liverpool to buy additional shares five years after the deal goes through.Ripley, has 69 stores in Chile and Peru.

Consolidated Water Co. Ltd.
■Advised and represented the consortium comprised by N.S.C. Agua, S.A. de C.V, subsidiary of Consolidated Water Co. Ltd (Nasdaq: CWCO), NuWater de México, S.A.P.I. de C.V., and Degrémont, S.A. de C.V. in the preparation and filing of the proposal that won the bid for the construction and operation of the Americas’ largest, and world’s third-largest, water desalination plant, that shall be located in Playas de Rosarito, Baja California.The investment, of approximately 9 billion pesos, will enable the plant to fill the shortage of drinking water that has affected Playas de Rosarito and Tijuana in recent years. After its opening, estimated for late 2019 or early 2020, the plant shall produce approximately 50 million gallons of potable water per day. In a second phase, scheduled for 2024, the plant shall double its production capacity.For the award of this project, Santamarina y Steta advised the winning consortium in the analysis of the unsolicited proposal, including preparation of the project, as well as in the filing of the offer and execution of the Public Private Partnership (PPP) with the Baja California government. The transaction value reach 9 billion pesos.

Clients: Representative clients of Santamarina y Steta include: Abengoa México; Abertis Infraestructuras; Ajemex; AM Resorts Latin America;; AT Kearney; Banco Invex; Bank of America; Bank of Tokyo- Mitsubishi; Best Buy Stores; Best Western International; Bolsa Mexicana de Valores; Bombardier Transportation; Bristol Myers Squibb de México; Cadbury Adams México; Chevron Energía de México; CIT Group; Colgate Palmolive; Controladora Comercial Mexicana; Corporación Geo; Covidien; Deere & Company; DEG Deutsche Investitions- Und Entwicklungsgesellschaft; Deutsche Bank; EADS France; El Palacio de Hierro; Eurocopter de México; Federal Express Holdings (México); Fiesta Americana; 1st Source Bank; Fortis Bank; General Motors de México; Grupo Condumex; Grupo Financiero BBVA-Bancomer; Grupo Lamosa; Grupo Mayan; Hawker Beechcraft Corporation; Henkel Mexicana; The Home Depot; International Dairy Queen; International Finance Corporation; Intrawest Resort Ownership US Corporation; Jafra Cosmetics International; John Deere; Kimberly Clark de México; Laureate Education; Mitsubishi International Corporation; Monsanto Comercial; Morton’s Restaurant; MTV Networks Latin America; National Football League; New Balance de México; Nextel de México; Prologis; Siemens; Société Générale; The Body Shop; The Western Union Company; Thyssenkrupp; Transmontaigne; Tomkins Industries; Minera México; Qualcomm Incorporated; Raytheon Aircraft Credit Corporation; Rolls Royce Capital Limited; Sare Holding; Satélites Mexicanos; Schering México


  • Edificio Omega,
  • Campos Elíseos 345, Floors 2, 3 and 11,
  • Col. Chapultepec Polanco,
  • México City,
  • Ciudad de México
  • Mexico
  • 11560
  • Tel +52 55 5279 5400
  • Fax +52 55 5280 6226
  • Email : [email protected]
  • Website :
  • Ricardo Margain Zozaya #335 Tower I, 7th Floor,
  • Valle del Campestre 66265 Garza García,
  • Monterrey,
  • Nuevo Leon
  • Mexico
  • 66265
  • Tel +52 81 8133 6000
  • Fax +52 81 8368 0111
  • Email : [email protected]
  • Corporativo Blanco,
  • Av. Prolongación Tecnológico 950–B,
  • San Pablo ,
  • Santiago de Querétaro,
  • Queretaro
  • Mexico
  • 76159
  • Tel +52 442 290 0291
  • Fax +52 442 290 0299
  • Email : [email protected]