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Investment Management Update – Exit Strategies
On April 3, 2024, the Mexican Supreme Court confirmed the requirement to pay up to three months of base salary for profit-sharing (PTU) payments....more
As part of the constitutional review, Amparo No. 633/2023, the Second Chamber of the Mexican Supreme Court of Justice declared constitutional (and thus valid) the limit of three months of the employee’s salary or the average...more
As May 30, 2023, approaches, so does the deadline for employers in Mexico to comply with the obligation of calculating and distributing profit-sharing (PTU) payments to employees. The following answers to nine frequently...more
In our prior publication, we discussed an omnibus bill presented by Mexico’s President to Congress in November 2020. The bill proposed abolishing outsourcing of personnel in Mexico. Since then, the bill has now been...more
As previously informed, on November 11, 2020, the President of Mexico submitted a bill proposing the amendment of the Federal Labor Law, Social Security Law, National Workers’ Housing Fund Institute Law, Federal Tax Code,...more
Global employers may soon be faced with significant changes to their Mexican workforce structure as a result of proposed legislation banning outsourcing of personnel. ...more
With the new administration of President Andrés Manuel Lopez Obrador, Mexico is currently facing numerous political and economic changes. These changes will have a direct impact on business activities in Mexico including the...more
Como parte de su proyecto de gobierno, el virtual Presidente Electo Andrés Manuel López Obrador ha planteado la necesidad de fortalecer las inspecciones laborales para verificar el cumplimiento de las obligaciones patronales....more
As part of his government plan, new Mexico President-Elect Andrés Manuel López Obrador is going to strengthen the audits for employers to verify their compliance with employment laws. The new administration specifically will...more
As provided by the Mexican Federal Constitution and the Federal Labor Law (FLL), employees are entitled to receive profit participation on their employer’s profits every fiscal year. Ten percent of the company’s taxable...more
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