New mechanisms to establish maximum sale prices to the public of patented medicines
February, 2019
On February 19, the majority parliament group of the Senate, represented by the Morena party, introduced a bill amending article 31 of the General Health Law, whose sole purpose is to modify the current scheme for setting maximum sale prices of patented medicines and supplies.
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AML Criteria and Procedures applicable to Money Transmitters
February, 2019
On January 28, 2019 the Ministry of Finance and Public Credit (“SHCP”), with a prior opinion issued by the National Banking and Securities Commission (“CNBV”), published on the web page of the National Regulatory Improvement Commission (“CONAMER”), a draft bill to amend the general provisions that establish the criteria and procedures in relation to prevention of money laundering and financing terrorism applicable to Money Transmitters.
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Bill Reforming the Federal Labor Law
January, 2019
On December 22, 2018 a bill reforming the Federal Labor Law (LFT) was presented in the Chamber of Deputies by the Parliamentary Group of Morena, which is currently under analysis for the clearance of the Labor Commission of that Chamber.
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Global Competition Review (GCR 100) once again recognizes Von Wobeser as an Elite Firm
January, 2019
Once again, Von Wobeser y Sierra´s Competition & Antitrust Practice has been recognized as an Elite Firm in Competition & Antitrust. GCR 100, the prestigious editorial has identified Von Wobeser y Sierra as Elite, (highest honor that can be achieved in the ranking) within the group of top firms around the world in regards to competition and antitrust.
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Values of the Unit of Measurement and Indexing in effect as of February 1, 2019
January, 2019
On January 10, 2018 the National Statistics and Geography Institute (INEGI for its initials in Spanish) published in the Official Federal Gazette the indexing of the values (daily, monthly and annual) of the Unit of Measurement and Indexing, which will enter into force as of February 1, 2019.
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New minimum wage as of January 1st, 2019
December, 2018
On December 26, 2018 the resolution of the Representative Council of the National Minimum Wages Commission (CONASAMI for its initials in Spanish) was published in the Federal Official Gazette (DOF for its initials in Spanish), which establishes the general and professional minimum wages that will be in force as of January 1st, 2019. As we had anticipated, this resolution will divide the country into two geographical areas for all the issues related with minimum wage.
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