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Haynes and Boone

Larry B. Pascal

Larry B. Pascal



  • Antitrust and Competition
  • Aviation
  • Corporate
  • Cuba

WSG Practice Industries


Haynes and Boone
Texas, U.S.A.

WSG Leadership

WSG Boad of Directors
Secretary 2014/ 2015
WSG Boad of Directors
Director 2013/ 2014
WSG Boad of Directors
Director 2012/ 2013
WSG Regional Council
Past Member
DealMaker Group
WSG in North America Group
WSG Main Group
ABA Group
Antitrust Group
Automotive Group
Aviation Group
Energy Group
IBA Group
Intellectual Property Group
Mergers & Acquisitions Group
Mining Group
Private Equity Group
Trade and Investment Group
Larry Pascal serves as the chair of the Americas Practice Group and co-chair of the International Practice Group for the firm, and has more than 25 years of experience in advising companies on their cross-border Latin American and Spanish projects, advising clients on transactions, work-outs, and disputes throughout Latin American and the Caribbean (as well as other parts of the world), and has traveled extensively throughout the region. He historically has been very active in a variety of markets, including but not limited to Mexico, Brazil, Argentina, Chile, Colombia and Costa Rica. He has also worked extensively on numerous multiple jurisdiction projects, particularly in the Americas and Europe. Recently, he has been active advising large and mid-size companies in developing their construction and infrastructure projects in Mexico.

Larry has been very active with the World Services Group, one of the largest international law firm networks in the world with over 145 members in over 130 countries throughout the world. He served in 2015-2016 as the Chair of the organization and has been selected as Member of the Year on two occasions (2012 and 2018).

Larry is recognized in The Best Lawyers in America, Woodward/White, Inc., for International Trade and Finance Law, 2005-2019. He is AV Peer Review Rated Preeminent by Martindale-Hubbell Law Directory. Additionally, he was recognized in the 2016 edition of Latin Lawyer 250, Law Business Research Ltd. and was included in the Regulatory and Finance chapters of The International Who's Who of Aviation Lawyers, Law Business Research Ltd., 2014 and 2017. Larry was recognized in Chambers Latin America 2016-2019, Chambers and Partners, for Corporate M&A (Latin America-wide), Chambers USA 2017, Chambers and Partners, for Latin American Investment (Texas), and Chambers Global 2017-2019, Chambers and Partners, for Corporate/M&A (Latin America-wide). Chambers Global 2014 singled out Larry for his "key role on many of the firm's regional deals." He was also recognized in 2015-2019 by Latinvex as one of the top 100 Latin American lawyers. Larry was also selected for the 2018 Leaders in Legal Business, Association of International Law Firm Networks. Additionally, he was recognized as a Stand-out Lawyer, Acritas Stars, Acritas, 2018-2019.

Larry has extensive experience in the real estate, energy and infrastructure, financial services, and aviation sectors. He also publishes and speaks extensively on cross-border developments, serving for many years as the author of the South American energy chapter for the Matthew Bender treatise entitled Energy Law and Transactions. He has also served as an adjunct law professor at SMU School of Law, and been invited to speak at a variety of law schools and MBA programs in the United States, including Duke, the University of Texas at Dallas, Louisiana State University, and the University of Kansas on a variety of topics pertaining to Latin American business.

Larry is also a leader in the international bar community. He served as the chair of the International Section of the State Bar of Texas, and led a successful campaign for the adoption of the ABA Model Rule on Foreign Legal Consultants in Texas. He later received his appointment as the chair of the Task Force on International Law Practice appointed by the Texas Supreme Court, and guided this prestigious body on a unanimous set of proposed reforms for modernizing international law practice in Texas, which the Texas Supreme Court subsequently adopted.

In May 2015, he delivered the commencement address to the University of Kansas, Department of Political Science (his alma mater).

He is fluent in English and Spanish, and also speaks Portuguese.

Bar Admissions



J.D., The University of Texas, 1991
B.A., University of Kansas, 1988, Phi Beta Kappa; Rhodes Scholar Candidate
Studied Spanish in Complutense in Madrid, Spain, summer 1988.
Areas of Practice

Antitrust and Competition | Aviation | Corporate | Cuba | Energy Power and Natural Resources | Finance | Food, Beverage and Restaurant | International | International Arbitration | Joint Ventures | Latin America and the Caribbean | Mergers and Acquisitions | Mexico | Mexico Energy Reform | Oil and Gas | Power and Renewables | Project Finance and Development | Real Estate | Spain | Tax | U.S. Inbound Investment

Professional Career

Significant Accomplishments


Advised YPF in its joint venture with Chevron to develop the Vaca Muerta area in Argentina.
Advised a Latin American national oil company in its joint venture, financing, and restructuring of an ethanol project in the United States.
Represented Royal Dutch Shell in the sale of its downstream businesses in Honduras, Guatemala, Nicaragua, El Salvador, Panama and Costa Rica, as well as the sale of two joint venture interests.
Represented Ecopetrol S.A., a Colombian national oil company, in the acquisition of Propilco, SA, one of the largest plastics companies in Colombia.
Represented Ecopetrol S.A. in its Joint Operating Agreement (JOA) with Exxon Mobil and Petrobras.
Represented FMC Corporation, a multinational company, in connection with the development of a gas pipeline in Argentina.
Represented Summit Electric Supply Co., an electrical distributor, in connection with its establishment in the Colombian free trade zone and obtainment of Ex-Im Bank financing in connection with the REFICAR refinery located in Cartagena, Colombia.
Represented a U.S. company in connection with a public bid issued by Costa Rica's state owned refining company, RECOPE, for the construction of an airport fuel facility at an international airport located in Costa Rica and the related joint bidding agreement entered into with its Costa Rican partner.
Represented a Latin American national oil company in obtaining a U.S. judgment in connection with the default on a loan extended to an ethanol developer based in the U.S.
Advised a U.S. investor in purchasing a majority interest in the Honduran power distribution company Roatan Electric Company, the local distribution company for the Island of Roatan, Bay Islands, Honduras, including due diligence review, submission of bid to the Honduran power company ENEE, and negotiation of transaction documents.
Represented Irradia, SRL (Peru) in a cross-border project in connection with the financing of Peruvian LNG Facility

Construction, Infrastructure & Manufacturing

Advised a US construction firm in a public bid process and related joint venture for the construction of energy infrastructure at the Mexico City International Airport.
Advised a US construction firm in the establishment in Mexico of its operation in connection with the construction of a unit train liquid fuels terminal in a free trade zone.
Advised a major multinational manufacturing company in the construction and development of its large manufacturing facility in Mexico.
Advised a major multinational manufacturing company in the construction, engineering, and procurement of a transmission line and substation for its large manufacturing facility in Mexico.
Advised a large transportation company in its public bid submission and contract negotiation with national postal systems in the Caribbean and Europe.
Represented a Costa Rican distributor in a lawsuit brought by Mars, Inc. that sought damages and a foreign anti-suit injunction and involved jurisdictional issues as to whether an American manufacturer can sue a foreign distributor in a U.S. court. Successfully persuaded the Fifth Circuit to affirm the dismissal of the lawsuit.
Represented Manufacturas Especializadas, SA in its purchase of Texas manufacturing assets from Snoke Special Products Co., Inc.
Represented Commercial Metals Company in the purchase of a steel fabrication facility located in Juarez, Mexico from Canam.
Represented Carrollton Marble and Granite, Inc. in the sale of stock to Levantina y Asociados de Minerales, S.A. (Spain).

Aviation & Technology

Advised major multinational companies in their personal data protection issues (including related GDPR matters) in Latin America, including but not limited to Mexico, Argentina, and Brazil.
Advised American Airlines in the start-up and operation of its flight service to Cuba.
Represented one of the largest multinational transportation companies in the world in leading in the post-merger international integration involving over 100 countries.
Represented American Airlines in its acquisition of Trans World Airways (TWA) assets out of Chapter 11 proceedings. Represented Aerolineas Argentinas, SA in the sale of its majority controlled catering business to Gate Gourmet.
Represented American Airlines in the formation of a representative office in Moscow and the related regulatory work in connection with the commencement of air service from Chicago to Moscow.
Represented American Airlines in the acquisition of Trans World Airways assets out of Chapter 11 proceedings. The Aircrafts were located in the U.S. and 13 foreign jurisdictions, including Mexico and parts of Latin America, Caribbean, Europe, and the Middle East.
Represented American Airlines in its acquisition of a minority interest in Aerolineas Argentinas, SA including extensive due diligence and shareholder agreement.
Represented AMR in the international restructuring of its information technology business, Sabre Inc., located in over 40 jurisdictions in Mexico and other parts of Latin America, the Caribbean, Europe, and Asia.
Represented IPNetFusion, Inc. in a merger with Nethawk OYJ.
Represented Sabre Inc. in its information technology outsourcing on behalf of Aerolineas Argentinas, S.A.
Represented VALID, S.A. in its acquisition of a smart card business in the United States.


Represented U.S. architectural firm in connection with the termination by the Costa Rican government on a public bid for a public-private partnership for the Pococi Correctional Facility in Costa Rica and related litigation.
Represented OHL, SA in the development of two toll road projects located in Texas.
Represented a Spanish contractor in its work on two toll road projects in North Texas.

Real Estate

Advised Hyatt International in acquiring strategic minority interest in Oasis Luxury Rentals Inc. in various Spanish-speaking jurisdictions.
Represented Hillwood Investments in connection with the purchase of a concession for a luxury condominium project located at Peninsula Papagayo in Guanacaste, Costa Rica.
Represented Watchtower CR, LLC in a stock purchase agreement involving Costa Rican real estate.
Represented MSJ Partners in connection with the negotiation of a concession and joint venture agreement with Ecodesarollo Papagayo, S.A., for a luxury condominium project to be located at Peninsula Papagayo in Guanacaste, Costa Rica.
Represented multiple U.S. financial institutions in the sale of real estate loan portfolios in Mexico.

Professional Associations

Mr. Pascal was inducted in the Dallas Jesuit Sports Hall of Fame for his lifelong tennis achievements.

Professional Activities and Experience

Worked as intern during law school for Chief Justice of the Texas Supreme Court Tom Phillips, 1990

Worked as law clerk for The Honorable Paul Brown, Eastern District of Texas (Sherman Division), 1991-1993.

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After almost 13 months of negotiations, on August 27, 2018 the United States and Mexico reached a preliminary commercial understanding, which they have termed an “agreement in principle,” to modernize the North American Free Trade Agreement (“NAFTA”). Canada has not yet joined in the agreement, and the question of Canada’s ultimate participation will affect the substance of the deal, its posture under the U.S...


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