Mexican firm Von Wobeser y Sierra S.C. has helped Norwegian energy company Borr Drilling’s local subsidiary win two contracts from government-owned Pemex worth US$350 million.

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Grupo Modelo, owned by the Belgian company Anheuser-Busch InBev, made an investment of USD 726 million in the new plant located in Apan, state of Hidalgo (Mexico). In the transaction, on March  4th, Von Wobeser y Sierra, S.C. advised Anheuser-Busch InBev on corporate, tax, competition and antitrust matters and administrative aspects, as well as on environmental regulatory compliance under Mexican law. The lawyers were also involved in labor and real estate matters of the new plant and it was the only firm that participated in the transaction, for which it gave advice since the announcement of the project in November 2017.

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On March 25 2019, the Federal Energy Ministry (“SENER”) published in the Federal Official Gazette the Agreement that modifies the terms for the strict legal separation of the Federal Electricity Commission ("Agreement"), which aims to modify diverse guidelines and terms for the operation of the Subsidiary Productive Companies and Affiliate Companies of the Federal Commission of Electricity ("CFE").

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We are pleased to announce that our antitrust practice, led by Fernando Carreño, received the award for “Behavioral matter of the year – Americas”, given by the prestigious publication Global Competition Review (GCR).

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On March 25 of this year, the National Banking and Securities Commission (the “CNBV”) published in the Official Federal Gazette (the “DOF”) the Resolution amending the General Provisions applicable to Financial Technology Institutions (the “Resolution” and the “Financial Technology Institutions Circular” or “Circular”, respectively), pursuant to the Law Regulating Financial Technology Institutions published in the DOF on March 9, 2018. This Resolution establishes conditions for addressing the risks of and vulnerability to possible attacks on information technology programs and systems and increasing the security of the operations of Crowdfunding Institutions (the “IFC”) with their clients, establishing a legal framework on information security, use of electronic media, contracting services with third parties, disclosure of information and regulatory reports that must be rendered to the CNBV.

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The Bank of Mexico [Banco de México (“Banxico”)], on March 7 and 8, 2019, published in the Official Federal Gazette (the “DOF”) the circulars 3/2019; 4/2019; 5/2019 and 6/2019 in relation to risk mitigation, operations with virtual assets, innovative models and operations in foreign currency.

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Mexico’s competition authority has fined Dun & Bradstreet 27.4 million pesos (US$1.5 million) for refusal to grant a competitor access to its database, but dropped allegations against another credit bureau due to lack of evidence.

Our Partner Fernando Carreño shared his opinion about these board of commissioners decisions in spite of the position of the investigative arm of the competition authority.

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Our Partner, Fernando Carreño gave his opinion in regards to a COFECE's board decision to impose a fine to one credit data company while dropping allegations against another credit bureau due to lack of evidence, in spite of the decisions reached by the investigative arm of the authority in economic competition.

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We are honored to inform that once again we have been recognized by Chambers & Partners Global as a leading international firm in 2019. Von Wobeser y Sierra, S.C., has been listed with top rankings on various fronts including Mexico, Latin American-wide, and as experts abroad for Germany and the United States.

The firm has achieved high rankings in numerous leading practices. Furthermore, our team of lawyers have been recognized by Chambers & Partners Global in top spots in the following areas: arbitration, corporate, M&A, compliance, litigation, international trade and most in demand arbitrators.

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