Mexico

News & Analysis as of

Maquiladora Tax Certification Required to Avoid VAT Payments Under Mexican Tax Law Reform

Electronic certification applications may be submitted beginning April 15, 2014. In late 2013, the Mexican legislature passed sweeping tax reforms that financially impact several Mexican industries, including the...more

Mexico Projects Part III: Round Zero

As a follow-on to our client alerts “México Projects: Get Ready, Get Set . . .” and “México Projects Part II: Off to the Races!,” this alert summarizes one of the next steps of the Constitutional reforms opening both the oil...more

Pemex Requests Mexico E&P Areas from SENER

On March 21, 2014 Petróleos Mexicanos (Pemex) submitted its "round zero" proposal to the Secretaría de Energía (SENER), Mexico's department of energy. Although the details of the proposal are not yet public, SENER has...more

FERC Approval of Transboundary Natural Gas Pipeline into Mexico

FERC recently granted a Presidential Permit and National Gas Act Section 3 authorization for Houston Pipe Line Company LP to build a transboundary pipeline to export and/or import natural gas from Texas into Mexico. The...more

#HackTelecomMexico Telmex on TV: Damned if you do, damned if you don’t

For over 20 years, Telmex has been restricted from the TV services. During last 6 years, this debate grew in importance, but the dilemma remains intact: Should Telmex be allowed to enter TV market? If so, under which...more

Mexican Energy Reform Progress Report - Two Steps Forward, One Step Back

Finalization of Mexico’s energy reforms is accelerating and specific foreign investment opportunities are emerging, but detailed “Secondary Legislation” will likely be delayed to late April or a special congressional session...more

State AGs, Mexico Agree To Form AML Working Group

On March 25, California Attorney General (AG) Kamala Harris announced that she and four other state AGs—Suthers (CO), Bondi (FL), Cortez Masto (NV), and King (NM)—signed a letter of intent with the President of the National...more

Taking the Road Best Travelled? CFE seeks electric-gas “convergence”

The recent constitutional reform of the Mexican energy sector will catapult Petróleos Mexicanos (Pemex) and Comisión Federal de Electricidad (CFE) into an unfamiliar competitive market environment. The rules of the game are...more

Pemex Requests E&P Areas from SENER

On March 21, 2014 Petróleos Mexicanos (Pemex) submitted its round zero proposal to the Secretaría de Energía (SENER), Mexico’s department of energy. Although the details of the proposal are not yet public, SENER has indicated...more

Minimum Wage in Mexico

Effective January 1, 2014, Mexico’s wages for geographic Zones “A” and “B” increased by 3.9%. Zone A includes all of Mexico’s major cities and entry ports....more

EEOC’s San Francisco District Office Signs Agreement With Mexican Consulate In Seattle

Federal Agency and Consulate Will Work Together to Assist Mexican Workers in Understanding Employment Rights - SEATTLE -- The San Francisco District Office of the U.S. Equal Employment Opportunity Commission (EEOC)...more

Foreign Investment Caps in Mexico (2013 & 2014 Reforms)

This document describes the caps and foreign investment regulation for diverse activities and industries under Mexican Law, as updated with the recent reforms of telecom, energy and finance sectors. Please see full...more

The Ides Of March And Evaluation Of Compliance Risk

Tomorrow, March 15 is enshrined as one of the most famous days of all-time, the “Ides of March”. On this day in 44 BC, the “Dictator for Life” Julius Caesar was assassinated by a group of Roman nobleman who did not want...more

Los Angeles Seeks To Build Trade Ties with Mexico

When it comes to the largest economies of the world, California ranks among the top 10 with over $2 trillion of gross state product. California’s economic prosperity relies on the import and export of goods and services by...more

New Federal Antitrust Law Bill

On February 19, 2014, the Federal Executive Branch of Mexico submitted to the House of Representatives a bill to issue a new Federal Antitrust Law (Ley Federal de Competencia Económica) (the “Bill”) which, if approved, will...more

Mexico to Replace Japan as No. 2 Automobile Exporter to U.S.

Mexico is about to replace Japan as the second largest exporter of automobiles to the United States by the end of this year. Mexico might even replace Canada as the top exporter by the end of 2015. ...more

Spotlight on Reforms in Mexico

Mexico is set to put rivals in the shade. Emerging markets have been rightly criticized for squandering favorable global conditions by not taking decisive steps to guarantee their long-term economic health. Mexico has...more

Atlas Shrugged: Mexican reg to carry the weight of telecom industry this week

Clock is ticking on IFETEL, the new telecom regulator. According to the telecom reform, It needs to comply with five big challenges by this Sunday, March 9, 2014. 1. It will publish the Tender Rules for two new TV...more

Mexico launches train construction tender for feedback

Last February 28, Ministry of Communications launched the Rules for the tender for the construction of section 1 of the Toluca-Mexico City train called: “Zinacantepec-túnel” with 22 miles long (around 36 km). The Draft...more

Open for investment: How Mexico is paving the way for infrastructure investors

A step-change for Mexican infrastructure - Mexico enacted its new federal public-private partnership (PPP) law, Ley de Asociaciones Público Privadas (Law on Public-Private Partnerships), in January 2012. The...more

Mexico’s Retail Sector in a State Of Flux

January 2014 witnessed massive changes in Mexico’s retail sector. Retailers like Grupo Comercial Chedraui SAB and Grupo Sanborns SAB retreated as same-store sales across the nation decreased. Chedraui, retreated 1%to 40.42...more

Mexico Adopts Major Energy Reforms Restructuring its Electric Power Sector

Mexico has recently adopted amendments to the Mexican Constitution that will profoundly change all aspects of the electric power sector in Mexico. Among other things, those amendments reduce the role of the State in the power...more

New Energy Opportunities in Mexico Raise FCPA, Anti-Bribery Risks

Sweeping reforms across Mexico’s oil, gas and electric markets promise more opportunities for the private sector and increased investment from international firms. However, U.S. companies looking to enter this market will...more

Mexico to Spend Billions on New Rail Projects

In the first week of February 2014, the Mexican lower house of Congress passed a bill that opens the country’s rail freight sector. As a result, lawmakers expect new investments, lower prices, and a broader rail share of the...more

Mexico Grabs the Attention of British Business

In an effort to turn a new page after failures due to “early leadership and subsequent neglect”, the U.K. has started focusing on strengthening long-term ties with emerging powers in Latin America, including Mexico....more

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