Search for:
Category

Mexico

Category
In Antitrust / Competition

Mexico: COFECE initiates a competition analysis into the digital financial services market

by , , and 2 Mins Read

On 22 June 2022, the Commissioners of the Federal Economic Competition Commission (COFECE) approved conducting a research study on competition in the digital financial services market. The Market Study’s purpose is to analyze the structure, operation and regulatory framework of the digital financial services sector in Mexico.
The digital financial services considered in the study include electronic payment and crowdfunding services, those offered by Financial Technology Institutions, also known as Fintech, which are regulated by the Law to Regulate Financial Technology Institutions.
According to COFECE, the Market Study is important because the financial services sector contributes a significant percentage of the country’s Gross Domestic Product, and digital financial services can also influence the financial options available to users and facilitates credit access to small and medium-sized companies.

Read More
In Cybersecurity, Data and Tech

Mexico: New trade secrets laws (Video Chat)

by , , and 2 Mins Read

In this series of bite-sized videos, hear from Baker McKenzie’s global trade secrets team across disputes, intellectual property, data & technology and employment & compensation on best practices for a strategic, multidisciplinary approach to manage your trade secrets, disputes and risks.
In this episode, Marina Hurtado-Cruz (Partner, Mexico City) explores key changes to Mexico’s new trade secrets law under new legislation, including an expanded scope of protection for eligible subject matter and enhanced enforcement mechanisms.

In Latin America

Mexico: Mining Law Reform is published

by , and 2 Mins Read

On 20 April 2022, the Decree amending and adding several provisions of the Mining Law, presented by the President of the United Mexican States on 17 April 2022 before the Chamber of Deputies was published in the Federal Official Gazette. The main purpose of the Reform is to exclusively reserve to the Mexican State the exploration, exploitation, benefit and use of lithium located in Mexican territory.

In Corporate Compliance

Mexico: General guidelines for complying with the obligation to report Contracts of Specialized Services to the IMSS

by , , and 7 Mins Read

On 13 April 2022, an agreement issued by Technical Council of the Mexican Social Security Institute was published in the Official Gazette of the Federation. Through the agreement, the Council approved the General Guidelines for compliance with the obligation established in the third paragraph of Article 15 A of the Social Security Law. The Guidelines regulate the presentation of information regarding providers of Specialized Services through the Information Platform for Specialized Services or Works Contracts.

Read More
In Environment

Mexico: Supreme Court issued a decision on the matter of unconstitutionality of the Electricity Industry Law

by , and 3 Mins Read

On 7 April 2022, the Supreme Court of Justice of the Nation (SCJN) resolved the matter of unconstitutionality, filed by a parliamentary group of the Senate, against the modifications to the Electric Industry Law, published on 9 March 2021. The precedent created by the resolution of the unconstitutionality action by the SCJN, could be relied upon by the District Courts and the Collegiate Courts when ruling in amparo trials.

In Antitrust / Competition

Mexico: COFECE investigates barriers to entry in the retail e-commerce market

by , , and 4 Mins Read

On 31 March 2022, the Investigating Authority of the Federal Economic Competition Commission published notice of the initiation of an investigation, into the retail electronic commerce market in Mexico. The investigation is to identify, and where appropriate, determine the possible existence of barriers to free market access, barriers to the competition, and/or essential inputs, that could create anti-competitive effects in the Market Under Investigation.

In Antitrust / Competition

Mexico: COFECE investigates possible vertical restraints between competitors in the insecticides market

by , , and 3 Mins Read

On 23 March 2022, the Investigating Authority of the Federal Economic Competition Commission published notice of the initiation of an investigation, for the alleged vertical restrictive practices in the market of production, distribution and commercialization of domestic insecticides in Mexico.

Read More
In Environment

Mexico: New Wastewater Discharge Standard unveiled

by , and 3 Mins Read

On 11 March 2022, the Ministry of Environment and Natural Resources published in the Official Federal Gazette Mexican Official Standard NOM-001-SEMARNAT-2021 (“NOM-001/21”) that establishes maximum allowable pollutant limits for wastewater discharges into national receptive bodies.
NOM-001/21 will become effective on 11 March 2023, even though certain parameters contained in the standard will become effective in April 2023 and at the fourth anniversary of its entry into force (such as true color and acute toxicity). Upon becoming effective, it will replace NOM-001-SEMARNAT-1996 (“NOM-001/96”).
NOM-001/21 will have to be complied with by whoever discharges wastewater into a national receptive body, but not in the case of discharges into municipal rainwater collection or sewage systems because these discharges will continue to be regulated by NOM-002-SEMARNAT-1996.

In Latin America

Mexico: Beneficial owner records – New obligation for all legal entities and vehicles

by , and 4 Mins Read

Effective 1 January 2022, pursuant to the recently amended Federal Tax Code, legal entities, trusts and any legal vehicle or figure incorporated under the laws of Mexico and registered before the Tax Administration Service (SAT) must maintain as part of their tax accounting registries information regarding their beneficial owners. This information must be shared with the SAT upon request jointly with the corresponding procedure implemented in the legal entity to make the corresponding updates. Failure to comply with this information may result in fines of up to two million pesos per beneficial owner.

Read More
Load More