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United States, Mexico, Canada Agreement and the steel tariffs
October, 2018
On September 30, the U.S. and Canadian governments finalized negotiations to allow for the “United States, Mexico, Canada Agreement” (USMCA), which will substitute the North American Free Trade Agreement (NAFTA) signed by Mexico, the U.S. and Canada.
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Organizational Law of the Attorney General’s Office
October, 2018
On September 25, 2018, MORENA, the political party of President-elect Andrés Manuel López Obrador ("AMLO"), filed with the Senate the Bill for the Enactment of the LOFGR, Iniciativa con Proyecto de Decreto por el que se crea la Ley Orgánica de la Fiscalía General de la República(“Bill”).
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Ratification of ILO´s Convention 98 and main proposals of the elected Government to the labor model
September, 2018
The newly elected government has stated on several occasions that beginning on December 1st it will introduce a series of legislative changes in the labor area, according to the various promises made in the campaign, as well as the “National Project 2018-2024”, a document presented by the transition team of the President-elect, describing the main themes of the public policies the new government will have to adopt. In that regard, today in the Senate of the Republic, ILO Convention 98 was ratified, which establishes the principles of freedom of association and collective bargaining negotiations. This ratification was unanimous and will be turned over to the Federal Executive for publication in the Official Federal Gazette.
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Amendments to the Statutory Charter of the National Commission for the Protection and Defense of Users of Financial Services
September, 2018
On September 17, 2018 amendments to the Statutory Charter of the National Commission for the Protection and Defense of Users of Financial Services (“CONDUSEF”) were published in the Official Federal Gazette. Their purpose is to adjust the organizational structure and functions of the CONDUSEF, in order to provide users expedited protection mechanisms consistent with the new Financial Technology Institutions (“FTI”) contemplated in the Law regulating Financial Technology Institutions, also called the “Fintech Law”.
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Secondary legislation to the Law Regulating Financial Technology Institutions, in relation to money-laundering and applicable to the Electronic Funds Transfer Institutions
September, 2018
On September 10, the Ministry of Treasury and Public Credit, the National Banking and Securities Commission and the Bank of Mexico, issued and published in the Official Federal Gazette (the “DOF”) the General provisions applicable to the Financial Technology Institutions, the general provisions referred to in Article 58 of the Law to Regulate Financial Technology Institutions (the “Provisions”) and the Circular 12/2018 directed to the Electronic Funds Transfer Institutions, regarding the general provisions applicable to the operations of the Electronic Funds Transfer Institutions(the “Circular”), complying with the deadlines indicated in the Law for Regulating Financial Technology Institutions published on March 9th of this year in the DOF.
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Global Arbitration Review- Claus von Wobeser- Award against Tanzanian state-run company upheld
September, 2018
We would like to share with you an article written Global Arbitration Review that mentions our Partner Claus Von Wobeser who participated as ICSID ad hoc committee president in an arbitration that upheld a US$150 million award won by Standard Chartered Bank Hong Kong against a Tanzanian state-run electricity supply company.
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