FCPA Compliance and Ethics Report-Episode 119-FCPA Year in Review, Part I
On March 26, 2021, Mexico's president submitted to the Chamber of Representatives (Cámara de Diputados) a bill to reform the Hydrocarbons Law (Ley de Hidrocarburos or LH) (the LH Reform) that favors the state-owned company,...more
On March 26, 2021, the President of Mexico, Andrés Manuel López Obrador (“AMLO”), sent a new bill to Congress intended to amend the Federal Hydrocarbons Law (the “Hydrocarbons Bill”). This is AMLO’s latest attempt to upend...more
Pemex, the Mexican national oil company, recently published its 2019-2023 business plan which outlines the economic strategy that Pemex and its subsidiaries will adopt and implement during that period. Pemex’s business plan...more
During the recent presidential campaign, President Andres Manuel Lopez Obrador (commonly referred to as AMLO) stated his intention to fund additional gasoline refining capacity for PEMEX, the monopoly state-owned national oil...more
As a result of the 2013 constitutional reform, Petróleos Mexicanos ("PEMEX") was transformed into a productive state-owned enterprise directed by a General Director and a Board of Directors. Currently, each of them has...more
On September 18, 2017, the Mexican government, through the Comisión Nacional de Hidrocarburos (National Hydrocarbons Commission or “CNH”), commenced an international tender process to grant the right to enter into a license...more
Mexican Senate presents comprehensive Energy Reform Bill to the House of Representatives with tremendous potential for domestic and foreign energy companies. In an encouraging move toward energy reform, the Mexican...more
Mexican President Enrique Peña Nieto has responded to over a decade of declining oil and gas production with vocal support of reform of the Mexican energy sector. While the Mexican Constitution provides PEMEX a monopoly in...more
As the World focuses on dramatic shifts in government following the dawn of Arab Springs, a dramatic revolutionary change is quietly taking place with our neighbor to the south. Mexico's President Enrique Pena Nieto has...more