Unconstitutionality of Article 115 of the Credit Institutions Law

Publicada en Deja un comentarioPublicada en Anti-Corruption, Anti-Money Laundering Law, English

Unconstitutionality of Article 115 of the Credit Institutions Law On October 4, 2017 the Federal Supreme Court of Justice, ruled on the Amparo action number 1214/2016, declaring the unconstitutionality of Article 115 of the Credit Institutions Law, which authorizes the Ministry of Finance to block bank accounts of taxpayers for alleged money laundering and terrorist […]

Declaration of Special Economic Zones (“SEZs”)

Publicada en Deja un comentarioPublicada en English, Tax

Declaration of Special Economic Zones (“SEZs”)    On September 29, 2017, the Executive Branch published in the Federal Official Gazette declarations of the first three SEZs, located in Chiapas, Veracruz, Michoacan and Guerrero.   Read More   The Executive Branch published on September 29, 2017 declarations of the first three SEZs: (i) Puerto Chiapas, (ii) […]

Round 3.1 CNH-R03-L01/2017

Publicada en Deja un comentarioPublicada en Energy, English, Mining

In reference to the tenders called by the National Hydrocarbons Commission (“CNH”) regarding the awarding of Exploration and Extraction of Hydrocarbons Contracts (“E&E Contracts). On September 28, 2017, CNH announced the First Tender of Round Three (CNH-R03-L01/2017), which compels 35 Contractual areas located within the regions known as: (i) Burgos, (ii) Tampico-Misantla-Veracruz, and (iii) Cuencas […]

PEMEX FARM OUT CALL CNH-A5-NOBILIS-MAXIMINO-C4-2017.

Publicada en Deja un comentarioPublicada en English, Oil & Gas

On September 18, 2017, the National Hydrocarbons Commission (“CNH”) published, the call for bidding procedure CNH-A5-NOBILIS-MAXIMINO-C4-2017, which purpose is the selection of partner so the State Owned Productive Company, PEMEX Exploration and Production, may jointly exploit with a partner, the block described below. Bidding Block: Name Location Prospective Resources(million barrels) Property of resources Nobilis-Maximino Mexican […]

Decree to issue the Law to Regulate Financial Technology Institutions

Publicada en Deja un comentarioPublicada en Banking & Finance, English

Decree to issue the Law to Regulate Financial Technology Institutions   On September 19, 2017, the preliminary draft of the “Decree to issue the Law to Regulate Financial Technology Institutions, and to amend or repeal several provision of the Credit Institutions Law, the Securities Exchange Law, the General Law of Credit Organizations and Auxiliary Activities, […]

Concession Title granted in Favor of Bolsa Institucional de Valores

Publicada en Deja un comentarioPublicada en Banking & Finance, English

On August 29, 2017, the Ministry of Treasury and Public Credit published in the Federal Official Gazette the Concession Title granted in favor of Bolsa Institucional de Valores, S.A. de C.V. (BIVA).  BIVA will be the second securities’ market in Mexico, and the first direct competition in 42 years for the current securities’ market, Bolsa […]

THE ENVIRONMENT AND NATURAL RESOURCES MINISTRY (“SEMARNAT”) PUBLISHES THE GUIDELINES FOR THE PROTECTION AND PRESERVATION OF THE NATIONAL WATERS DURING THE EXPLORATION AND EXTRACTION OF HYDROCARBONS IN NON-CONVENTIONAL OILFIELDS.

Publicada en Deja un comentarioPublicada en English, Environmental Law

THE ENVIRONMENT AND NATURAL RESOURCES MINISTRY (“SEMARNAT”) PUBLISHES THE GUIDELINES FOR THE PROTECTION AND PRESERVATION OF THE NATIONAL WATERS DURING THE EXPLORATION AND EXTRACTION OF HYDROCARBONS IN NON-CONVENTIONAL OILFIELDS. On August 30, 2017, SEMARNAT published the guidelines containing the general provisions and requirements to protect and preserve national waters and inherent public property (the “Guidelines”) […]

Executive Order Whereby Tax Benefits are Granted to Taxpayers Engaged in Hydrocarbon Operations

Publicada en Deja un comentarioPublicada en Consulting & Litigation, English, Tax

On August 18, 2017 an executive order whereby tax benefits are granted to taxpayers engaged in hydrocarbon operations (the “Order”) was published in the Federal Official Gazette. The Order grants benefits to permit holders engaged in hydrocarbon exploration and extraction. Due to the downward adjustment in international hydrocarbon prices and the improvement in extraction conditions, […]

Enhanced Safety Measures in Direct Commercial Flights to the U.S.A.

Publicada en Deja un comentarioPublicada en English, Immigration

Enhanced Safety Measures in Direct Commercial Flights to the U.S.A.   The General Bureau of Civil Aeronautics of Mexico’s Ministry of Communications and Transports (SCT) was notified by the Department of Homeland Security of the United States of America (DHS) that, starting July 19, 2017, regarding direct commercial flights to the U.S., airlines will be […]

Tax litigation in Mexico: overview

Publicada en Deja un comentarioPublicada en English, Tax

Tax litigation in Mexico: overview by Gil Zenteno Garcia, Francisco Matus Bravo, Norberto Ruiz and Arturo Palafox, Basham, Ringe & Correa, SC Related Content A Q&A guide to civil and criminal tax litigation in Mexico. This Q&A provides a high level overview of the key practical issues in civil and criminal tax litigation, including: pre-court/pre-tribunal process, […]