Although the approved Economic Package for Fiscal Year 2022 did not increase the Income Tax rate (ISR) to be paid by legal entities, it does contain a modification whose practical effect will be that many Mexican auto parts companies pay more ISR for the maquila operation they carry out.

If ESG is a process for managing risks, it is reasonable to anticipate that a solid process better prepares the company to face a crisis, says Pablo Jiménez Zorrilla.

On October 18, 2021, the “Resolution instructing the indicated agencies to take actions in relation to the definitive importation of used vehicles” was published in the Federal Official Gazette, in which the President of the Republic instructs certain governmental agencies to adopt measures for the regularization of used vehicles of foreign origin whose legal stay in the country cannot be proven.

On September 22, 2021, the Plenary of the Federal Judiciary Council approved the creation and commencement of functions of the Third District Court in Administrative Matters, specialized in Antitrust, Broadcasting and Telecommunications (“Third Court”), residing in Mexico City and with jurisdiction throughout the Mexican Republic.

Edmond Grieger of Von Wobeser & Sierra explains why an effective game plan is crucial for investors, sponsors and developers working on clean energy projects.

https://www.iflr.com/article/b1tx78n4hkqb9z/integrating-effective-esg-strategies-for-renewable-energy-projects-in-mexico

On September 30, 2021, the President of Mexico presented the “Initiative of Decree amending Articles 25, 27 and 28 of the Political Constitution of the United Mexican States in matters of energy and natural resources” (the “Amendment Initiative”) before the Chamber of Deputies, which, if approved under its terms, would represent fundamental changes in Mexico’s energy industry.

On June 3, 2021, the Federal Executive branch published the DECREE enacting the Law for Transparency, Prevention and Combat of Improper Practices in Advertising Contracts (the “Marketing Law”) in the Federal Official Gazette. The Marketing Law shall enter into force on September 1, 2021, and be applicable to all acts, contracts, agreements, or procedures entered into between two or more of the economic agents referred to thereunder (namely, media agencies, advertisers, and media), provided that the relevant advertiser resides in Mexico and the advertisement is disseminated within the Mexican territory.

Leading law firm Von Wobeser y Sierra announced the creation of a new Environmental, Social and Governance (ESG) practice group to provide integrated legal services. The initiative is a response to a growing demand in evolving global markets such as Mexico, where ESG-based issues continue to gather more attention.

Von Wobeser y Sierra, S.C. announces the creation of its ESG (Environmental, Social and Governance) practice group to provide our clients legal advice on their risks and opportunities in an evolving business environment through an experienced and multidisciplinary team. Von Wobeser is one of the first Mexican law firms to launch a fully integrated practice group to provide legal services with an ESG perspective.