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Mexico City, October 8th, 2021.   On September 30th, 2021, the Mexican President submitted to the Chamber of Deputies a bill of amendments to modify articles 25, 27 and 28 of the Mexican Constitution. The main purpose of the referred bill is to guarantee the energy security through a reliable supply of electric energy atLeer más

  Mexico City, October 2021.   On September 8, 2021, the Executive Branch filed before the Chamber of Deputies the Economic Package for Fiscal Year 2022, which includes a bill to modify various tax provisions. This bill must be discussed and approved in the Chamber of Deputies, to later advance to the Senate for theLeer más

Mexico City, October 4th, 2021.   On September 23rd, 2021, the CNBV published on the Federal Official Gazette (Diario Oficial de la Federación), a resolution by which the General Provisions applicable to Financial Institutions (Disposiciones de carácter general aplicables a las instituciones de crédito, also know as the Circular Única de Bancos) (“CUB”) was modified.Leer más

No. 03/2021   JULY COFECE publishes an informative note regarding the work carried out in the liquefied petroleum gas (“LPG”) market. On July 7th, the Federal Economic Competition Commission («COFECE» for its acronym in Spanish or «Commission») published a report on the actions and efforts carried out in the gasoline, diesel, LPG, turbo gasoline andLeer más

Mexico City, September 28th, 2021.   Within the tax reform bill proposed by the President, it is worth noting the exclusion of the non-regulated SOFOMES from those entities to whom the limitation of deducting interest derived from debt exceeding a 3:1 ratio from their capital entered with related parties abroad will not result applicable. ForLeer más

Mexico City, September 24th, 2021.   The Federal Economic Competition Commission («FECC») published yesterday the resolution of the trial-like proceeding under case file IO-002-2018 in the market for contracts of professional soccer players in Mexico. The proceeding concluded with the imposition of fines totaling 177.6 million pesos to 17 soccer clubs for carrying out collusiveLeer más

Mexico City, September 15th, 2021.   In addition to the lack of awareness on the importance of personal data security, for a long time, companies and institutions have faced countless complications in maintaining security measures to protect personal data -a very valuable asset- against damage, loss, alteration, destruction, use, access, or unauthorized processing. In thisLeer más

Mexico City, September 1st, 2021.   The Federal Economic Competition Commission (“COFECE”) issued the Emergency Regulatory Provisions to Process Complaints about Possible Violations to the Law for Transparency, Prevention and Elimination of Inappropriate Advertising Practices (”Emergency Provisions”). The Law of Transparency, Prevention and Elimination of Unlawful Practices in Advertising Services ( “Advertising Law”), which enteredLeer más

Mexico City, September 1st, 2021.   In connection to the informative note we published last June 8, 2021[1], we inform you that the Ministry of Environment and Natural Resources («SEMARNAT») announced that the National Consultative Committee for Standardization of Environment and Natural Resources («COMARNAT») approved on Friday, August 27, 2021, the Official Mexican Standard NOM-001-SEMARNAT-2021,Leer más

Mexico City, August 30th, 2021.   Last August 18th, 2021, the SHCP announced in the Press Release No. 049, the creation of the new Development Bonds of the Federal Government, which will be referenced to the Equilibrium Interbank Interest Rate (Tasa de Interés Interbancaria de Equilibrio de Fondeo) (“TIIE”) for one-business-day Funding, which will beLeer más