His main areas of practice include corporate, financial institutions regulation, securities, public finance, and commercial real estate.
He advises banks, broker-dealers, mortgage institutions, loan companies and other financial institutions on a wide range of transactions and regulatory matters.
Mr. Méndez-Benabe practices in the area of commercial real estate, where he has experience representing national banks, institutional lenders, financial institutions and borrowers in structuring the financing of hotels and shopping centers, as well as other commercial and industrial properties.
He also provides guidance to clients on government affairs matters, including public-private partnerships and all issues relating to municipal financing (general obligation, appropriation debt and revenue bond financing), such as deal structures related to the Commonwealth of Puerto Rico, its public corporations and instrumentalities.
Mr. Méndez-Benabe serves as legal counsel and Secretary of the Board of Directors of the Puerto Rico Public-Private Partnerships Association.
He served as Chief Operating Officer and Executive Vice President of the Government Development Bank for Puerto Rico, where he was responsible for overseeing the daily operations of the GDB and its various lines of business. He also served as General Counsel and Secretary of the Boards of Directors of the GDB and its subsidiaries.
Between 2003 and 2010 he worked as Legal Counsel to the Commissioner at the Office of the Commissioner of Financial Institutions and was responsible for overseeing the execution of the regulatory policy and coordinating with the FDIC the resolution and receiverships in year 2010 of various Puerto Rican banks.
Mr. Méndez-Benabe is the President of the Board of Directors of the Museo de Arte Contemporáneo (MAC). He has undertaken doctoral studies in law at the Complutense University School of Law in Madrid, Spain and is a licensed Real Estate Broker.
Some of his recent transactions include:
- Counsel to Autopistas de Puerto Rico on all corporate and securities matters related to the repurchase of a portion of the $153,222,270 Puerto Rico Highways and Transportation Authority, Special Facility Revenue Refunding Bonds, 2003 Series A (Teodoro Moscoso Bridge).
- Counsel to a commercial bank, distillery company and several infrastructure companies in the negotiation of certain claims that arise as a result of the Government Development Bank for Puerto Rico’s restructuring.
- Counsel to Serralles Group on all securities matters related to the recapitalization plan of Serralles Hotel which included the purchase of all outstanding $54,370,000 Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority Tourism Revenue Refunding Bonds, 2006 Series A (Costa Caribe Resort Project).
- Counsel in the financing of the following hospitality projects: the La Concha Renaissance Resort and the Condado Vanderbilt Hotel in San Juan, Puerto Rico, the Best Western Plus Condado Palm in San Juan, Puerto Rico and the Marriot Courtyard, Isla Verde Beach Resort.
- Counsel in the acquisition and financing of a private marina known as Villa Marina in Fajardo, Puerto Rico.
- Counsel in the acquisition and financing of the shopping center known as Oriental Plaza in Humacao, Puerto Rico.
- Counsel in the financing of the shopping center known as Doramar Plaza in Dorado, Puerto Rico.
- Local counsel to Scotiabank de Puerto Rico, as administrative agent for lenders that extended approximately $550 million in credit to the Puerto Rico Electric Power Authority (PREPA), in PREPA’s PROMESA Title III Proceeding.
- Successful representation of various taxpayers during administrative and judicial challenge of personal property tax deficiencies, assessed through the jeopardy assessment procedure, for approximately $3.6 million. See, Janssen Ortho LLC, et als. v. Centro de Recaudación de Ingresos Municipales, KLAN 2018-00144 (Op. May 21, 2018), confirming trail court’s judgment ordering the total cancellation of the alleged deficiencies and outlining adequate notification requirements for jeopardy assessment procedures.
News & Publications
- McV NewsJuly 27, 2017
- July 14, 2016
- Nine McV Attorneys PromotedMay 11, 2015
- An McV Corporate & Health Care AlertJune 20, 2018
- An McV Government Affairs & Financial Institutions Practice Team AlertJune 14, 2018
- An McV Bankruptcy & Debt Restructuring AlertMay 29, 2018
- An McV Bankruptcy & Debt Restructuring AlertMay 16, 2018
- An McV Government Affairs AlertApril 2, 2018
- An Energy & Government Affairs AlertMarch 13, 2018
- An McV Bankruptcy & Debt Restructuring AlertFebruary 21, 2018
- An McV Government Affairs AlertFebruary 14, 2018
- An McV Government Affairs and Energy AlertJanuary 23, 2018
- An McV Government Affairs AlertJanuary 15, 2018
- An McV Corporate AlertDecember 28, 2017
- An McV Corporate AlertDecember 27, 2017
- An McV Corporate AlertNovember 30, 2017
- An McV Corporate AlertNovember 29, 2017
- An McV Government Affairs AlertNovember 17, 2017
- An McV Government Affairs AlertNovember 8, 2017
- An McV Government Affairs AlertNovember 1, 2017
- An McV Tax AlertJuly 19, 2017
- FAFFA Approves Regulation On Procedures For Compliance With PROMESA-Certified Fiscal Plans and BudgetsAn McV Corporate AlertMay 26, 2017
- An McV Bankruptcy & Debt Restructuring AlertMay 5, 2017
- An McV Bankruptcy & Debt Restructuring AlertApril 5, 2017
- An McV Government Affairs AlertMarch 22, 2017
- An McV Government Affairs and Tax AlertMarch 8, 2017
- An McV Bankruptcy & Debt Restructuring AlertFebruary 24, 2017
- An McV Government Affairs and Bankruptcy & Debt Restructuring AlertJanuary 30, 2017
- An McV Bankruptcy & Debt Restructuring AlertJanuary 13, 2017
- An McV Securities & Tax AlertDecember 19, 2016
- An McV Government Affairs AlertNovember 9, 2016
- McV NewsSeptember 1, 2016
- An McV Corporate AlertJune 22, 2016
- An McV Corporate AlertMarch 11, 2016
- Governor Files Bill to create Board for the Financial Supervision and Economic Recovery of Puerto RicoGovernment Affairs, October 21, 2015
Chairman, Strategic Planning Committee
- Commonwealth of Puerto Rico
- United States District Court for the District of Puerto Rico
B.A., Magna Cum Laude, University of Puerto Rico, 1999
- Major: Marketing
J.D., University of Puerto Rico School of Law, 2002
Certified Legal Specialty
- Civil Law Notary