D & A Morales y Asociados has participated in the due diligence and structuring process of public and private debt and equity placements representing both, issuers and underwriters. We have also worked closely with issuers in connection with the restructure of their corporate entities to access the public debt and equity markets, as well as to offer securities to private and institutional investors within México and abroad. Our involvement in this field include the determination of the instrument to be offered and drafting of related documentation, including the negotiation of the terms and conditions of offering circulars and prospectus, exchange offers, purchase agreements and registration rights agreements with underwriters and potential institutional buyers.

Our firm has actively interfaced with United States counsel in connection with registration statements and disclosure filings in compliance with the Securities Regulations in the United States, and has procured the registration of securities at the Registro Nacional de Valores e Intermediarios maintained by the Mexican Comisión Nacional Bancaria y de Valores .

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