Open Source Content Management

This 1^st of July, Mexico lived its largest election in history. Andrés Manuel López Obrador (“AMLO”) won the presidential run in a landslide with a majority greater than 50% of the electorate. A substantial part of AMLO’s presidential campaign rested on criticizing head-on the overwhelming corruption that heavily weighs on our country.

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López Obrador was elected Mexican president on July 1^st with 53% of the vote and will assume office in December. He was branded a populist left-winger by his opponents, but senior partners in Mexico’s legal community expect his presidency will bring modest change and even fresh opportunity. Our Partner Luis Burgueño shared his views in this matter.

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We are proud to have been featured in the special article on lawyers by Forbes- How to Combat Corruption. Our Partner Diego Sierra, expert in anticorruption, gave his opinion for this piece. 

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On June 25, 2018, a Decree was published in the Official Federal Gazette amending various provisions of the Customs Law. 

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On June 14, 2018, an amendment (the “Amendment”) to articles 73 and 129 of the General Law of Commercial Companies (Ley General de Sociedades Mercantiles) (“LGSM”) was published in the Federal Official Gazette to have the entries of the special partners’ registry (libro especial de socios) of Mexican limited liability companies and stock registry of Mexican stock corporations (registro de acciones), published in the PSM (Sistema Electrónico de Publicaciones de Sociedades Mercantiles), the electronic system of the Ministry of Economy.

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Our Partner Fernando Carreño shared his opinion on the topic.

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Von Wobeser y Sierra, S.C. advised Faurecia Sistemas Automotrices de México, S.A. de C.V. in the management of a renewable energy supply contract.

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Von Wobeser y Sierra SC legally advised Invenergy LLC and its special vehicle Electricity Company Los Ramones S.A.P.I. de C.V. in the closing of a power purchase agreement contract valued in USD 250 million and a duration of 15 years. 

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The Environment and Natural Resources Ministry (“SEMARNAT”) published the new General Sustainable Forestry Law replacing the previous law on the matter. This new Law came into force on June 6^th, 2018 and its purpose is to update the regulation and promotion of an integral and sustainable management of forests. 

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With the final greenlight to nail down Bayer's purchase of Monsanto, our Partner Fernando Carreño gave his opinion of the competition and antitrust implications regarding this transaction. 

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