Fernando Camarena Cardona

Partner

Fernando Camarena Cardona

Partner

Fernando Camarena is a senior business and legal advisor on international and domestic tax issues in Mexico, providing both tax counseling and assistance with litigation. He is a partner in the Taxation, Employee Benefits and Executive Compensation, and Transactions Practices. He represents medium-sized companies to Fortune 500, FTSE 100, and other global and brand name corporations in the energy, manufacturing, nutritional supplement, insurance, and other industries.

Fernando is frequently sought after by clients for his broad understanding of tax laws and systems around the world. He is described by clients in the Chambers & Partners Latin American Guide as having deep financial knowledge that “allows him to understand not only the tax implications but also the business with which he is dealing.” With referrals from clients and major law firms around the world, he is passionate about clients’ primary goal of conducting business in Mexico as tax efficiently as possible.

Fernando has extensive experience in M&A and corporate transactions. He has a deep understanding of the corporate vision, as well as the technical transaction specifics for U.S. and foreign corporations, such as the permanent establishment issue that arises in joint ventures, especially in the energy industry, and the country-specific treaties on double taxation. His experience also encompasses insurance regulatory and government contracts matters.

U.S. and European companies are confident when they hire Fernando that he has superior international tax knowledge, and that he understands the entire business picture and structure under which they are operating. American clients appreciate that he knows the reporting that must be done in the U.S. – FIN 48, which they must file when they have an income tax issue abroad.

Awards and Recognition

  • Recognized, The Best Lawyers in Mexico (Steven Naifeh & Gregory White Smith eds., Woodward/White Inc.)
    • Corporate Law (2015-2025)
    • Mergers and Acquisitions Law (2015-2025)
    • Amparo Law (2020 – 2025)
    • Administrative Law (2020 – 2025)
    • Real Estate Law (2023-2025)
    • Tax Law (2023-2025)
    • Project Finance and Development (2023-2025)
    • Leisure and Licensing Law (2025)
  • Recognized, Chambers Latin America: Latin America’s Leading Lawyers for Business
    • Tax (Mexico) (2011-2024)
  • Recognized, Chambers Global:
    • Tax (Mexico) (2011-2023)

Affiliations

  • Member, Illustrious and National Mexican Attorney’s College
  • Member, Mexican Attorney’s Bar
  • Member, Tax Commission of the Mexican Attorney’s Bar
  • Member, Legal Precedents Commission of the International Fiscal Association (IFA)
  • Member, International Tax Commission of the Mexican Accounting Institute

Languages

  • English
  • Spanish
19 July 2024 Manufacturing Industry Advisor

Chinese Mobility in the USMCA Region: A Choking Process that will Upend the U.S. and Mexican Automotive Industries

The United States-Mexico-Canada Agreement automotive sector must be prepared to navigate a new set of requirements that will likely reshape supply chains, impact costs, and alter the competitive dynamics within the industry.
15 July 2024 Foley Viewpoints

Tax benefits for contributors to key operations in certain zones located in Yucatán, Mexico

In order to promote investment, encourage economic growth, and the creation of formal jobs in the peninsular region of the Yucatan (where the Mayan Train will pass through) the Mexican Ministry of Treasury (SHCP by its acronym in Spanish) issued a Decree on June 28, 2024 that grants tax incentives and administrative facilities to taxpayers that invest and develop certain productive economic activities within the "Progreso I" and "Merida I" Industrial Parks located in the municipalities of Progreso and Merida in the State of Yucatan, Mexico (the Decree).
13 June 2024 Foley Viewpoints

Extemporaneously Cancelled Invoices Can Be Given Tax Effect

Through an amendment made to article 29-A of the Mexican Federal Tax Code, since 2022 the period during which taxpayers in Mexico could validly cancel invoices was limited, drastically restricting the tax effects of such cancellations.
08 March 2024 Foley Viewpoints

New Alternative Dispute Resolution Mechanisms in Tax and Administrative Matters

The new General Law of Alternative Dispute Resolution Mechanisms recently became effective, which will allow companies and individuals to negotiate with tax and administrative authorities through alternative dispute resolution to resolve disputes that arise between them, before, during, and even after the processing of any lawsuit before the Federal Court of Administrative Justice.
15 February 2024 Honors and Awards

Foley Recognized in 2024 Chambers Global Guide

Foley & Lardner LLP announced today that six of its attorneys are recognized in the 2024 edition of Chambers Global. The global guide also recognizes the firm in four practices areas in the U.S. and Mexico.
17 January 2024 Deals and Wins

Foley Represents Barnes Group in Sale of Associated Spring™ and Hänggi™ Businesses

Foley & Lardner LLP served as legal advisor to Barnes Group Inc., a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, in its entering into a definitive agreement to sell its Associated Spring™ and Hänggi™ businesses to One Equity Partners.