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, […]

Mexico Launches The National Anti-Corruption System

Publicada en Deja un comentarioPublicada en Anti-Corruption, English

Derived from a constitutional amendment in 2015 in matters of Anti-Corruption, and in relation to the secondary laws which enact the so-called National Anti-Corruption System, on July 19 the General Law on Administrative Responsibilities came into full force and effect. This secondary law establishes sanctions for public officials, individuals and companies for administrative misconducts considered […]

Fourth Tender, Round Two

Publicada en Deja un comentarioPublicada en English, Oil & Gas

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 July 19, 2017, the Energy Ministry and CNH announced the Fourth Tender of Round Two (CNH-R02-L04/2017), which compels 30 Contractual areas located within the regions known as: (i) Plegado Perdido, […]

Infrastructure Projects.

Publicada en Deja un comentarioPublicada en English, Infrastructure

INFRASTRUCTURE Infrastructure Projects.   Communications and Transport. Project Description Location Contractual Scheme Scope Estimated Investment Dates / Calendar Additional Information Urban railway Mexico – Toluca. Mexico City – Toluca, México N/A High speed railway that will go from Mexico City to Toluca, Mexico.   16 different contracts for diverse works related to the construction. $38.0 […]

Results of BID CNH-R02-L01/2016

Publicada en Deja un comentarioPublicada en Energy, English, Infrastructure, Mining

On June 19, 2017, the National Hydrocarbons Commission carried out the filing of the economic proposals act related to the biding process CNH-R02-L01/2016 for the awarding of production sharing contracts for exploration and extraction of hydrocarbons in shallow waters. Pursuant to the results of the bid procedure, 10 contractual areas, from a total of 15, […]

Opening of Jet-Fuel Business to Private Parties

Publicada en Deja un comentarioPublicada en Energy, English, Infrastructure, Mining, Sin categoría

Derived from the opening of fuel markets, the Energy Regulatory Commission (“CRE”) has announced that it is urrently preparing an open season, the purpose of which will be to allow bids on part of the fuel storage capacity used to supply different airlines in Mexico, known as jet-fuel. It is important to mention that, as […]