Francisco de Rosenzweig

At White & Case, Francisco's work included the representation of:

• Banco Nacional de Obras y Servicios Públicos (Banobras) as lender and Banco Nacional de Obras y Servicios Públicos, as Trustee in the Public Trust Number 1936 "Fondo Nacional de Infraestructura" (National Infrastructure Fund – FONADIN), as guarantor, in connection with the restructuring of the project by Ferrocarriles Suburbanos for the provision of the Public Passenger Rail Transport Service in the modality of regular suburban transportation on the Cuautitlán-Buenavista line. The restructuring involved Banobras' acquisition of the participation in the existing syndicated loan by seven European banks; Banco Santander, BBVA, Caixabank, Crédit Agricole, Société Générale, Instituto de Crédito Oficial and Kutxabank;
• Comisión Federal de Electricidad ("CFE") in the draft of electricity coverage agreements under the LIE (Ley de la Industria Eléctrica) regime;
• CFEnergía, direct affiliate of Comisión Federal de Electricidad, in among others, day-to-day corporate affairs and the negotiation and execution of natural gas and other fuel supply and transportation agreements, including Base Contracts for Sale and Purchase of Natural Gas under the North American Energy Standards Board ("NAESB") with several power plants and industrial consumers, such as ArcelorMittal Mexico;
• Numerous natural gas self-consumptions, project-specific companies, acting as counsel in all their regulatory and corporate affairs;
• A number of private developers in their own power generation projects, including obtaining the corresponding power permits from the CRE, and negotiation and execution of third-party contractor, procurement and construction agreements;
• Several energy companies (approximately more than 50% of the capacity of privately owned generation plants) in various amparo lawsuits filed against the reform of the Electricity Industry Law;
• Several leading oil & gas companies in an indirect amparo trial promoted against the recent reform of the Hydrocarbons Law;
• Invenergy in connection with the development and sale of Parque Eólico de Fenicias to Controladora de Infraestructura Energética México a subsidiary of the Mexican conglomerate Grupo México;
• Starwood Capital Group, an investment management firm, in the potential acquisition of a portfolio of five natural gas-powered generation power plants operating under the independent power producer modality and a natural gas transportation assets;
• A US global renewable corporation on several matters related to the day-to-day operation of certain energy projects in Mexico in connection with renewable projects;
• A US global corporation on several M&A transactions of energy companies; and on the regulatory aspects of the generation project, including the review and negotiation of the project-related agreements, and in connection with the energy-related permits and authorizations;
• Aneberries, a trade association representing most of the producers and exporters of Mexican blueberries on a historic win for Mexican Blueberry Importers at the US International Trade Commission ("ITC"), which decided unanimously that imports of fresh and frozen blueberries are not a "substantial cause" of "serious injury" to US blueberry growers. The decision was a major achievement for Aneberries and is also a victory for the Mexican agricultural sector, which has seen substantial growth in its exports to the United States and faced the threat of similar attempts to restrict access to the US market across a broad array of agricultural sectors;
• Two major state-owned development banks, as mandated lead arrangers, on the project financing of a 101 MW solar plant located in the northeastern state of Coahuila, Mexico;
• A state-owned development bank, in the US$39 million financing of two solar projects in the States of Zacatecas and Nuevo Leon;
• Banco Nacional de Comercio Exterior and Banco Sabadell as lenders in connection with a US$55 million project financing of a 115.5 MW solar project located in the state of Durango, Mexico, including all aspects of due diligence related to the project. The sponsor of the project is EOSOL Energy de México. We also represented Banco Nacional de Comercio Exterior as lender of a VAT facility for US$15 million to finance the VAT associated to the project costs;
• The world's largest commodity trading and logistics companies as user in a petroleum products' midstream project located in Mexico. The mandate included the negotiation of the transportation, storage and dock services agreements, as well as the related general terms and conditions;
• A major international bank, as sponsor, in all matters of due diligence for the financing of a photovoltaic electrical generation facility in Zacatecas, Mexico, for an aggregate total capacity of circa 89 MW;
• The Mexican state-owned electric utility, in its transformation into a productive state enterprise and the incorporation of its subsidiaries and affiliates and in the negotiation of several long-term power purchase agreements with a number of private developers;
• A global leader in alternative asset management, in the due diligence for a potential joint venture with an independent Mexican power company dedicated to generating electricity, in connection with the investment in a portfolio of renewable energy projects in Tamaulipas, Sonora and Nuevo Léon, Mexico;
• Joint Bookrunners and Administrative Agent in the refinancing of a syndicated term loan, the proceeds of which were used to finance the construction of a natural gas-fired combined-cycle electric power plant with an aggregate installed capacity of 900 MW, located in Nuevo Leon, Mexico;
• One of the world's largest commodity trading and logistics companies as user in a petroleum producer's midstream project, located in Mexico, including in connection with the first privately held fuel pipeline in Mexico and before the Energy Regulatory Commission on all of the regulatory aspects of a major project to transport, store and commercialize petroleum products;
• One of the world's largest commodity trading and logistics companies in its role as the supplier in the preparation and negotiation of petroleum products supply agreements; and
• A leading producer of fertilizers in a range of complex regulatory issues before the Mexican energy authorities.