Mexico

News & Analysis as of

Financial Regulatory Developments Focus - February 2016

In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more

UK Financial Regulatory Developments - January 2016 #15

DWP issues guidance on pensions advice requirements - DWP has issued a factsheet for pension scheme providers on which pension benefits with a guaranteed annuity rate are safeguarded for the purpose of the new advice...more

Update on Significant DOT, FAA and Other Federal Agencies’ Aviation-Related Regulatory Actions - February 2016

This edition of the Cozen O’Connor Aviation Regulatory Update includes the recently signed U.S.-Mexico bilateral agreement that liberalizes air services between the two countries, new Cuba-related regulations loosening...more

Mexico Supreme Court Upholds One-Year Cap on Back Pay

On January 20, 2016, the Second Chamber of Mexico’s Supreme Court, in plenary session and by a majority vote, issued a decision holding that the reformed Article 48 of the Mexican Federal Labor Law (FLL) does not violate the...more

ESMA and South African and Mexican Authorities to Cooperate Under EMIR on CCPs

On 26 January 2016, ESMA announced that had entered into a memorandum of understanding (MoU) with each of the Mexican Comisión Nacional Bancaria y de Valores (CNBV) and the South African Financial Services Board (FSB) under...more

MEXICO ELECTRICITY SECTOR: CENACE Publishes Forms of Model Agreements for Transporters, Distributors, Contractors and Market...

If you read one thing... - The model Agreements provide the initial framework for the contractual relationships between Mexico’s National Center for Energy Control, on the one hand, and transporters, distributors or...more

Mexico: Supreme Court Upholds Constitutionality of Cap on Back Wages for Employment Disputes

On January 20, 2016, Mexico's Supreme Court affirmed the constitutionality of the Federal Labor Law (FLL)’s provision allowing back wages to be capped at 12 months' compensatory damages in all employment-related lawsuits...more

México: Suprema Corte de Justicia de la Nación resuelve sobre constitucionalidad de limitar salarios caídos en juicios laborales

El 20 de enero del año en curso, se resolvió en sesión ordinaria de la Segunda Sala de la Suprema Corte de Justicia de la Nación la contradicción de tesis sustentada entre diversos tribunales colegiados, respecto a la...more

New Air Transport Agreement between the US and Mexico

New Bilateral Air Transport Agreement between the US and Mexico. On December 18, 2015 the US and Mexico (the Parties) signed a new Air Transport Agreement that, once effective, will replace the current agreement which...more

Terms for the Separation of Federal Electricity Commission

On January 11, 2015, Mexico’s Ministry of Energy (SENER) published the general terms for the separation of the Federal Electricity Commission (CFE) in the Federal Official Gazette (the “Terms”). This action was taken pursuant...more

Trans-Pacific Partnership: Landmark new commitments on government procurement

TPP general summary - The legal text of the Trans-Pacific Partnership (TPP) was released to the public on November 5, 2015. After seven years of negotiations, Canada and 11 Pacific Rim countries, representing 40 percent...more

Mexico Approves an Increase to the Daily Minimum Wage for 2016

On December 18, 2015, the National Commission on Minimum Wages ("Comisión Nacional de los Salarios Mínimos" or CONASAMI ) approved a general minimum wage increase of 4.2%, effective January 1, 2016....more

Mexico: Incremento al Salario Mínimo por el Año 2016

El 18 de diciembre de 2015, la Comisión Nacional de los Salarios Mínimos (CONASAMI) acordó otorgar un aumento general al salario mínimo  para el 2016 de 4.20%.  El incremento en el salario mínimo diario entró en vigor a...more

Belmora v. Bayer: Does the Lanham Act Protect An Owner of a Well-Known Foreign Mark From Intentional Misuse of the Mark in the...

In Belmora LLC v. Bayer Consumer Care AG,1 the U.S. Court of Appeals for the Fourth Circuit is faced with novel issues about the reach of the Lanham Act. The case arose from Bayer’s filing of a petition to cancel Belmora’s...more

Date correction for Solvency 2 equivalence published in the OJEU

A corrigendum to the Delegated Decision on the provisional equivalence of the solvency regimes in Australia, Bermuda, Brazil, Canada, Mexico and the US under Solvency 2 has been published in the OJEU....more

Mexico’s Energy Industry, Round One, Fourth Tender – Deep Water Blocks

Mexico’s Energy Industry - Round One, Fourth Tender – Deep Water Blocks - At last, the much anticipated deep-water bidding round has been announced in Mexico. Following the precedent set in the recently completed...more

Mexico – Single National Minimum Wage

On September 24, 2015, the National Minimum Wage Commission resolved that a single minimum wage of $70.10 pesos a day would apply across the entire country of Mexico. This resolution became effective as of October 1, 2015....more

Mexico Increases the Minimum Wage Effective January 1, 2016

On December 11, 2015, the Council of Representatives of the National Minimum Wage Commission, pursuant to a vote to determine the minimum wage held every year, unanimously decided to increase the daily minimum wage by 4.2...more

Mexico’s Energy Industry, Results of Ronda Uno, Third Tender

If you read only this... - On December 15, 2015, the Mexican Comisión Nacional de Hidrocarburos (CNH) completed the third stage of its so–called “Round One” upstream oil and gas auctions. It is estimated that these...more

CPSC Recall Snapshot: CPSC Goes International

Welcome to the December edition of the Alston & Bird CPSC Recall Snapshot. In November, the CPSC, Health Canada and Mexico’s Consumer Protection Federal Agency (PROFECO) held their Third North America Consumer Product...more

Global Trends in Anti-Corruption Legislation: Mexico to Ramp up Enforcement Activity

U.S. federal prosecutors recently investigated Wal-Mart de Mexico, Wal-Mart Stores, Inc.’s largest foreign subsidiary, for alleged violations of the Foreign Corrupt Practices Act (FCPA). The FCPA is a U.S. criminal statute...more

Mexico 2016 Tax Reform

The 2016 Tax Bill presented by the President to Congress on September 8, 2015 was approved almost in its original terms by both Chambers of Congress on October 29, 2015 and published in the Official Gazette of the Federation...more

Update on Third Country Equivalence Under EMIR

The European Commission has adopted “equivalence” decisions on the derivatives regulatory regimes for central counterparties in Canada, Mexico, Republic of Korea, South Africa and Switzerland. This follows the decisions...more

Energy & Environment Update - November 2015 #3

Energy and Climate Debate - With the November 20 deadline looming, Congress will focus much of this week on the surface transportation bill as House and Senate conferees try to quickly negotiate differences on H.R. 22...more

Hague Convention on Choice of Court Agreements

On October 1, 2015, the Hague Convention on Choice of Court Agreements (the “Convention”) entered into force. The Convention binds Mexico and all members of the European Union, with the exception of Denmark. Even though...more

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