Mexico

News & Analysis as of

Operation Fashion Police Fights Money Laundering in L.A.'s Fashion District

On September 10, approximately 1,000 federal agents raided Los Angeles' fashion district, seizing documents, electronic data and approximately $90 million in cash, with nine people arrested for alleged money laundering...more

Why Your Company Should Consider Hiring Foreign IT Workers

Many employers look overseas to fill their employment needs. As we recently reported, hiring highly-skilled foreign nationals – particularly for IT jobs – can boost productivity and increase wages for the entire workforce....more

Money Laundering in the News: Los Angeles Fashion District Raid Puts Trade-Based Money Laundering and Black Market Peso Exchange...

On September 10, 2014, federal and local law enforcement officials raided the Los Angeles Fashion District in an effort to combat alleged money laundering for Mexican drug cartels which was occurring within the District. The...more

This Week at the Texas Supreme Court

Wednesday, November 5: No. 12-0946, In re Bridgestone Americas Tire Operations, LLC - Relator Bridgestone seeks a writ of mandamus compelling dismissal of the underlying case for forum non conveniens. The case involves...more

Mexico’s Energy Reform Provides Significant Opportunities In Oil And Gas Exploration And Production

Mexico’s new energy legislation, which went into effect on August 12, 2014, will completely restructure the Mexican energy sector, including both hydrocarbons and electricity. This legislation opens up oil and gas...more

Mexican Renewables - Set for a Boom; Waiting for Guidance

The sunset date for the 30% ITC is coming into view for developers of U.S. solar projects. The U.S. domestic solar market is also becoming increasingly competitive. The PTC for wind has already expired except for projects...more

México Projects Part VI: Package of Laws and Regulations in Respect of the Mexican Energy Reform Secondary Laws Published

This client alert is a follow-on to our client alerts on the Mexican Energy Reform relating to the publication of the laws relating to the Mexican Energy Reform, and the rules and regulations under the secondary legislation...more

Mexico Issues Reporting Regulations for Broad Range of Greenhouse Gases

Last week, beneath the fanfare surrounding issuance of internal regulations for Mexico’s new oil and gas agency[1] and a suite of conforming amendments to more than half a dozen environmental regulations, the Secretariat of...more

Extension to Deadline to Disclose Relevant Transactions for Fiscal Year 2014

Pursuant to article 31-A of the Federal Tax Code, rule I.2.8.1.14 and Annex 1-A of the Fifth Set of Amendments to the Miscellaneous Fiscal Resolution for Fiscal Year 2014, as of January 1, 2014, taxpayers are obliged to...more

Ninth Circuit Finds Permanent Injunction Questionable Despite Trademark Infringement

La Quinta Worldwide LLC v. Q.R.T.M., S.A. De C.V., dba Quinta Real - While affirming trademark infringement with respect to a Mexican hotel chain’s use of its trademark in the United States, the U.S. Court of Appeals...more

Mexico’s Guidelines for Clean Energy Certificates Will Support Renewable Energy Development

As part of a historic restructuring of its electrical power sector, Mexico will create a market for tradable Clean Energy Certificates, which many industry participants will be required to obtain. Draft guidelines proposed by...more

The Secret To Starting a Cross-Border Investigation

They come without notice and under the cover of night. They are sometimes in unmarked envelopes or conveyed through whispered phones calls and very often from your very own employees. They are allegations of corruption,...more

Energy Reform Legislation in Mexico Gives the Private Sector Unprecedented Opportunities in the Mexican Electrical Power Industry

Mexico’s President recently signed into law a historic package of legislation to restructure the nation’s electrical power sector. This article discusses the legislation, which will create a more open and competitive power...more

Prorated Expenses, Finally Deductible

As of October 17, 2014, expenses incurred abroad on a prorated basis with parties that are not income tax payers in Mexico will be fully deductible to the extent certain requirements are met. The foregoing is pursuant to a...more

Mexico Announces New Timelines for its Fast-Approaching Round One

Recent presentations by Mexican government officials indicate that upstream oil and gas bid processes will begin on a rolling basis in November and will continue through March 2015. Officials are also starting to “test” legal...more

Electricity Reform in Mexico: New Opportunities and Roles

Although much of the buzz around Mexico's energy reform focused on the oil & gas sector, the Mexican power sector also underwent a fundamental change. Together with eight new and twelve amended federal laws, Mexico's...more

Mexico's New E&P Contracts

Historical Background - Early Mexican E&P: Early in the last century, Mexico became both an important oil producing nation and trendsetter in nationalization of oil industries. In the process it told a...more

Energy Newsletter - October 2014

In This Issue: - Mexico's New E&P Contracts - Electricity Reform in Mexico: New Opportunities and Roles - New Licence Terms Promoting Unconventional Exploration and Production are Introduced for the UK's 14th...more

FinCEN Issues Geographic Targeting Order Focused on Money Laundering in L.A.’s Fashion District

In the latest development in a probe by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) targeting alleged money laundering activities in Los Angeles’ garment trade, the Financial Crimes...more

Opposition Politics + Peña’s State of the Union = Governability and Growth?

Two early September events in Mexico – a PRD leadership election and the President’s State of the Union Address – suggest the persistence of productive executive-legislative relations through the end of 2014 and the revival...more

EEOC’s Memphis District Office to Sign Historic Outreach Agreement with Mexican Consulate

Agreement Will Establish an Ongoing Collaborative Relationship Between the Two Entities - MEMPHIS - The Memphis District Office of the U.S. Equal Employment Opportunity Commission (EEOC) will enter into a Memorandum of...more

Mexico’s Telecom Reform

After months of a loud and often fractious debate, the Mexican Congress passed the implementing legislation for telecom reform nearly a year after the constitutional reform to the sector was approved. Reform of the telecom...more

¿No Va? ¡Si va! Investing in Mexico’s Auto Industry

Mexico, our neighbor to the south, is growing every day as a leading producer in the automobile industry. Presently, Mexico is the world’s largest producer of light vehicles and the second largest in Latin America. Companies...more

Delaware Supreme Court Rules That Privileged Documents Must Be Produced To Shareholders Investigating Corporate Misconduct

The Delaware Supreme Court recently held that, in certain circumstances, shareholders may be able to obtain access to privileged, internal documents in order to investigate potential breaches of fiduciary duty. In Wal-Mart...more

FinCEN's Busy August Yields Noteworthy Anti-Money Laundering Developments

August was a busy month for the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Among other initiatives, FinCEN issued its long-awaited proposed regulations on customer due diligence (CDD)...more

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