Open Source Content Management

Today, the following rulings related with administrative authorities of the energy sector, were published in the Federal Official Gazette:

(i) Federal Ministry of Energy (“SENER”). “Ruling that modifies the former establishing the suspension of deadlines and legal terms in the Federal Ministry of Energy, as a preventive measure against the spread of the coronavirus COVID-19 pandemic” (“ SENER Ruling”).

The outbreak of COVID-19 -or coronavirus, as it is commonly referred to- has brought drastic changes to the world economy, and the full scope of its effects cannot yet be calculated. In the midst of this unprecedented crisis, companies must make significant and difficult choices, including suspending their operations, closing some of their facilities, or staying open for business, should they carry out activities considered essential or of strategic importance in order to face the pandemic; terminating relationships with vendors; being unable to meet previously undertaken orders… a whole host of scenarios considered unimaginable up until a few months ago.

The Board of the Commission in its session held on April 27, decided that the initial (March 23 to April 17) and the second (April 20 to April 30) suspension of terms will be extended. In this regard and effective as of May 6, all times and terms will be suspended until May 29, 2020, excepting those related to merger control procedures and the issuance of opinions or decisions in the granting of licenses, concessions, permits and similar procedures.

On April 27, 2020, the Plenary of the Federal Judiciary Council (“CJF”) issued the General Agreement 8/2020 (“Agreement 8/2020”) regarding the work structure that will be adopted by the Federal Judiciary during the period from May 6 to 31, 2020.

In order to promote liquidity and the orderly functioning of the Mexican financial system in the context of the complex economic situation resulting from the COVID-19 pandemic, on April 21, 2020, the Mexican Central Bank (Banco de México) (“Banxico”) issued a press release through which it announced: (i) cuts to the same-day Interbank Equilibrium Interest Rate (TIIE in Spanish) in the amount of 50 basis points, to the amount of 6%; and (ii) the implementation of additional measures, which amount to over 750 billion pesos in support and which comprise the following (the “Additional Measures”).

Today the U.S. Trade Representative notified the U.S. Congress that both Mexico and Canada had adopted the measures necessary to fulfill their commitments under the U.S.-Mexico-Canada Agreement (USMCA). With this, the United States became the third and last party to notify the others that it completed its internal procedures for the implementation of the USMCA, which will enter into force on July 1, 2020.

As we informed you in a timely manner, on April 21, 2020, the Ruling modifying the extraordinary actions for addressing the health emergency generated by the SARS-CoV2 (COVID-19) virus published on March 31, 2020, was published in the Official Federal Gazette, which included the extension of the suspension ruling until May 30, 2020.

Today a ruling was published in the Official Federal Gazette modifying the application of some of the extraordinary measures adopted by ruling of March 31, 2020.

The “Decree granting tax benefits to the indicated taxpayers” (“Decree”) was published in the morning edition of the Official Federal Gazette today, entering into force on the same day and remaining in effect until December 31, 2020.

On April 13, 2020, the Mexican Court of Administrative Justice (“TFJA”) issued the official communication SS/11/2020 by means of which it extended the suspension of terms and jurisdictional activities from April 20 to May 05, 2020. On April 17, 2020, said official communication was published in the Official Federal Gazette.