The newly elected government has stated on several occasions that beginning on December 1st it will introduce a series of legislative changes in the labor area, according to the various promises made in the campaign, as well as the “National Project 2018-2024”, a document presented by the transition team of the President-elect, describing the main themes of the public policies the new government will have to adopt. In that regard, today in the Senate of the Republic, ILO Convention 98 was ratified, which establishes the principles of freedom of association and collective bargaining negotiations. This ratification was unanimous and will be turned over to the Federal Executive for publication in the Official Federal Gazette.

To read more, please download PDF.

On September 17, 2018 amendments to the Statutory Charter of the National Commission for the Protection and Defense of Users of Financial Services (“CONDUSEF”) were published in the Official Federal Gazette. Their purpose is to adjust the organizational structure and functions of the CONDUSEF, in order to provide users expedited protection mechanisms consistent with the new Financial Technology Institutions (“FTI”) contemplated in the Law regulating Financial Technology Institutions, also called the “Fintech Law”. 

To read more, please download PDF.

On September 10, the Ministry of Treasury and Public Credit, the National Banking and Securities Commission and the Bank of Mexico, issued and published in the Official Federal Gazette (the “DOF”) the General provisions applicable to the Financial Technology Institutions, the general provisions referred to in Article 58 of the Law to Regulate Financial Technology Institutions (the “Provisions”) and the Circular 12/2018 directed to the Electronic Funds Transfer Institutions, regarding the general provisions applicable to the operations of the Electronic Funds Transfer Institutions(the “Circular”), complying with the deadlines indicated in the Law for Regulating Financial Technology Institutions published on March 9th of this year in the DOF.

To read more, please download PDF.

On September 4 the Ministry of Finance and Public Credit published two new resolutions on credit matters and information required by authorities from Financial Technology Institutions (FTI) in the Official Federal Gazette.

To read more, please download PDF.

We would like to share with you an article written Global Arbitration Review that mentions our Partner Claus Von Wobeser who participated as ICSID ad hoc committee president in an arbitration that upheld a US$150 million award won by Standard Chartered Bank Hong Kong against a Tanzanian state-run electricity supply company.

To read more, please download PDF. 

On August 27, 2018, the National Center of Natural Gas Control published the preliminary bidding guidelines for the Public International Bid CENAGAS-ALM-001-2018, which purpose is to award a Natural Gas Delivery, Storage and Receipt Service Contract in the “Jaf Field” located in Cotaxtla, Veracruz.

To read more, please download PDF.

Our Partner Fernando Carreño gave his opinion and explained the conditions about the fine Pemex is facing regarding competition before COFECE. 

To read more, please download PDF.

On June 21, 2018 our Founding Partner Claus von Wobeser was interviewed by Professor Andrea K. Bjorkland as part of the regular series of interviews by the Institute for Transnational Arbitration (ITA) with prominent senior practitioners in arbitration. This happened at the 30th Annual ITA Workshop and Meeting in Dallas.

To read more about this interview, which we'll be sharing shortly, please download PDF.

On August 6 and August 7 two draft secondary rules to the Law Regulating the Financial Technology Institutions (the “Fintech Law”) were published on the webpage of the Federal Regulatory Improvement Commission (COFEMER); both presented by the Ministry of Finance and Public Credit (SHCP).

To read more, please download PDF.

Von Wobeser y Sierra, S.C. advised the selling shareholders of Arrendadora Avance, S.A. de C.V. in the sale of a majority stake of the company to Monex S.A.B. de C.V.

To read more, please download PDF.