On February 5, 2024, President López Obrador sent the Reform Initiative to the Chamber of Deputies. This, in turn, was submitted to the United Commission of Constitutional and Energy Matters for review....more
Since the 1990s, Latin American states have sought to attract large-scale foreign investment by implementing specific policies and regulatory regimes aimed at attracting investors from abroad. This trend has, however,...more
Chile is currently considering a new Constitution—due to be put to a referendum in September—and foreign investors should be aware of its potential impact on their investments in the country. The proposed changes in the draft...more
Last year, Mexico's President Andrés Manuel López Obrador ("AMLO") began a series of efforts aimed at reforming Mexico's electricity sector in a manner that would reverse the rights granted to private investors in 2013 (the...more
Latin America is experiencing a new wave of resource nationalism and government intervention, as more populists come to power spurred on by ideological shifts and indigenous movements....more
On September 30, 2021, Mexican President Andrés Manuel López Obrador sent the Reform Initiative to the House of Representatives and the United Commission of Constitutional and Energy Matters for review and plenary voting....more
On March 26, 2021, Mexico President López Obrador sent a bill to Congress to modify the country's hydrocarbons law (the "Draft Bill").
Under the Draft Bill, (i) the granting of import, commercialization, and distribution...more
The Situation: In March 2021, the reform to the Mexican Electricity Industry Law (the "Electricity Reform") came into effect. It is a material modification of the sector rules that attracted national and foreign investment to...more
The Situation: M&A activity in Latin America is poised for a comeback following a difficult 2020, during which the COVID-19 pandemic heavily impacted a region already burdened with political and social unrest and deep...more
3/12/2021
/ Acquisitions ,
Capital Markets ,
Cross-Border Transactions ,
Economic Development ,
Environmental Social & Governance (ESG) ,
Foreign Direct Investment ,
Investment Opportunities ,
Investors ,
Latin America ,
Mergers ,
Private Equity
International businesses operate in an environment in which there is an expansion of corporate criminal liability and a trend toward imposing greater demands on corporate compliance and self-governance. Resolutions of...more
The Foreign Corrupt Practices Act ("FCPA") is a U.S. federal law from the late 1970s that prohibits covered entities and individuals from directly or indirectly paying bribes to non-U.S. government officials to obtain or...more
Welcome to the 2019 edition of the Jones Day Anti-Corruption Regulation Survey of Select Countries. Since the 2017–2018 edition of this Survey, there has continued to be an increasing awareness among multinational companies...more
11/6/2019
/ Anti-Bribery ,
Anti-Corruption ,
Chief Compliance Officers ,
Compliance ,
Compliance Management Systems ,
Corporate Counsel ,
Corporate Governance ,
Corporate Management ,
Due Diligence ,
Risk Management ,
White Collar Crimes
Brazilian President Michel Temer issued two decrees (Decrees Nos. 9.406/18 and 9.407/18) on June 12, 2018, amending Brazil's existing mining code and establishing additional environmental and public safety...more
Welcome to the 2017-2018 edition of the Jones Day Anti-Corruption Regulation Survey. In 2017 and 2018 to date, there has continued to be an increasing awareness among multinational companies of the significance of...more
4/18/2018
/ Anti-Bribery ,
Anti-Corruption ,
Chief Compliance Officers ,
Corporate Counsel ,
Corporate Governance ,
Corporate Liability ,
Corruption ,
Department of Justice (DOJ) ,
Due Diligence ,
Ethical Standards ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Official ,
Government Officials ,
Internal Audit Functions ,
Internal Controls ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Third-Party Risk ,
White Collar Crimes