The Ministry of Energy published in the Official Gazette the resolution that issues the criteria to determine the method of recognition and surface exploration that will be subject to the regulations on surface occupation.
The official forms that the Financial Technology Institutions must submit to the Ministry of Finance and Public Credit related to the appointment of the compliance officer, the integration of the Communication and Control Committee and to report relevant, unusual and internal operations of concern, are published.
The current economic and commercial impasse caused by administrative orders to combat the Covid-19 pandemic has the potential to generate a chain of payment defaults worldwide. In Mexico, insolvent companies have four options to restructure their debt, two out of court and two before federal courts.
The Ministry of Energy published in the Official Gazette a resolution establishing the suspension of legal deadlines and terms at the Ministry of Energy, as a measure to prevent and combat the spread of the coronavirus COVID-19.
The Energy Regulatory Commission published in the Federal Official Gazette the resolution number A/010/2020, establishing the suspension of legal deadlines and terms at the Energy Regulatory Commission, as a measure to prevent and combat the spread of the coronavirus COVID-19.
- Juan Pedro Machado, María del Pilar Galba & Biuludani Altamirano
On 24 March 2020, the Ministry of Health published in the Federal Official Gazette, the "AGREEMENT establishing the preventive measures to be implemented for the mitigation and control of health risks involved in the disease caused by the SARS-CoV2 virus (COVID-19)".
The Energy Regulatory Commission published in the Official Gazette the Mexican Official Standard NOM-017-CRE-2019, Methods for Measuring Variables to Calculate the Percentage of Fuel-Free Energy and Procedure for Evaluating Conformity.
- Fernando Eraña, Salvador Vivanco & Fernando Pérez-Correa
As the COVID-19 pandemic progresses, we have been asked more than once: given the impossibility of complying with contractual obligations, can the parties to a contract be exempted, totally or partially, from complying?
On March 6, 2020, a Decree was published in the Official Gazette of the Federation ("DOF"), amending the first paragraph of Article 28 of the Mexican Constitution with respect to tax remission (the "Decree").
The Energy Regulatory Commission publishes a resolution through which it temporarily suspends the third provision contained in the resolution amending the general administrative resolution of open access and the rendering of natural gas transportation through pipelines and storage services.
CRE publishes a resolution for establishing the criterion to calculate de total amount of Clean Energy Certificates available to cover the total amount of clean energy obligations per each of the two first years of its enforcement. Also, it establishes the Methodology to Calculate the Implicit Price of Clean Energy Certificates. Both, the criterion and the methodology, are related to the content of the Twenty Second Transitory article of the Energetic Transition Law.
The M&A team was led by partner Fernando Eraña and included associate Eduardo Montenegro. The acquisition will allow DMR to expand its presence in the Mexican and Latin-American markets, by merging the highly relevant client portfolio and leading team of Dabarc, with the experience and high-end technology of DMR. This acquisition will establish DMR as a regional leader in the provision of data migration and management services.
Fernando Pérez-Correa, partner in the litigation area will collaborate again with the World Bank Group in the Doing Business 2021 study - Insolvency Resolution - Mexico. The objective of this is to provide an objective database to analyze, understand and improve the norms that regulate business activity, evaluating the time, cost and result of insolvency proceedings affecting local businesses, as well as the strength of the framework law applicable to liquidation and judicial reorganization procedures.
February 7, the Ministry of Energy (“SENER”) published the Accord by which the Ministry of Energy approves of and publishes the updated Transition Strategy to Promote the Use of Cleaner Technologies and Fuels, in terms of the Energetic Transition Bill. (The “Agreement”) in the Federal Official Gazette. The strategy is one of the cornerstones foreseen by the Energetic Transition Law (“LTE” by its acronym in Spanish) to regulate the sustainable use of energy, as well as the Clean Energy obligations (as defined in the LTE) and the reduction of contaminating emissions in the Electricity Industry, maintaining the competitiveness of the productive sectors.
Chambers & Partners, one of the world’s leading legal guides, published its first Guide to Fintech in Mexico, which analyzes the current state of the fintech market in Mexico and its key players, including legal firms
The Mexican Supreme Court granted an amparo to not allow the modification of the maximum limits of ethanol as an oxygenating agent in gasoline, stating that such permit implies the degradation of the air quality in Mexico and is contrary to the human right to a healthy environment.
On December 9, 2019, the "Decree which amends, modifies and repeals provisions of the Income Tax Law, the Value Added Tax Law, the Excise Tax Law and the Federal Tax Code" (the "Decree") was published in the Federal Official Gazette. The Decree amends Article 26, Sections III, X, first paragraph and XVII of the Federal Tax Code (the "FTC"), provisions related to individuals who are considered jointly liable to the taxpayers
Ideas & Capital is a Mexican leading venture capital firm that invests in seed and early-stage companies in Mexico, USA and LATAM.
Nimblr.ai is a startup and an Artificial Intelligence platform, that developed a specialized virtual assistant called "Holly".