CCN Mexico Report

Monthly Updates On Mexico Business, Politics And Law

The CCN Mexico Report™ is a monthly newsletter with coverage of Mexican political, business and legal topics from Cacheaux, Cavazos & Newton (CCN). Subscriptions to the CCN Mexico Report™ are free. The CCN Mexico Report™ features exclusive commentaries and views from CCN’s attorneys and professionals in both English and Spanish. CCN is an international law firm with offices in Texas and Mexico dedicated to serving clients doing business in the NAFTA region.

JUNE 2014

  • Legal Updates

    Mexico has long maintained a strong connection with competitive race car driving, and its love of such stems from the legendary Pan-American Mexican Road Race, which placed Mexico on the global auto racing map.  Twenty-three years after the last Grand Prix race in was held there, Formula 1 racing will return to Mexico. This decision is the result of collaboration between the federal government and local officials in Mexico City, as well as affiliates of two different political... [Read More]
  • Now that the elections for leadership of the National Action Party (PAN) have been held, it is up to the left-leaning Party of the Democratic Revolution (PRD) to hold elections to determine its leadership.  Such elections will take place during a difficult time for the PRD, given that the various factions that comprise this party are, at present, greatly divided.  More than a political party, the PRD is a movement of different ideologies and tendencies.  The elections... [Read More]
  • The 1995 Mexican energy reform legally allowed the private sector to participate in activities such as the transportation, storage and distribution of gas through what was then a new permits’ regime.  In 2008, a bill by President Calderón proposed that, in accordance with the Hydrocarbons Law relating to gas, permits could also be granted for conduction through pipelines, and the storage related to such or to import terminals, for basic petrochemicals and refined... [Read More]
  • A recent case under the antidumping and countervailing duty law against imported Mexican sugar is only the latest chapter in the complicated saga of the relationship between the United States and Mexico when it comes to sugar. Sugar has been an impediment to the economic integration of the two countries that was originally foreseen at the signing of the North American Free Trade Agreement (NAFTA). Indeed, due to a dispute between the countries involving the importation of U.S... [Read More]
  • On June 13, 2014, numerous reforms to various business laws  were published in the Official Journal of the Federation, which included, among others, the Commercial Code, the General Law of Business Associations, the Law of Investment Funds and the General Law of  Instruments and Credit Transactions. The following highlights some of the most important changes included in such reforms:   Creation of an Electronic Registry: An electronic Public Registry of Commerce... [Read More]
  • Recently, the First Collegiate Circuit Court of the Auxiliary Center of the Fourth Region published a legal opinion (IV Region) 1o. J/8 (10a.), titled: “Holidays. If the employee affirms that the employer did not make the corresponding payment, without specifying that such employee worked on a respective holiday, the burden of proof is on the employer to refute such a claim.”  In this decision, the Court held that when an employee argues that he/she worked on a holiday... [Read More]
  • Economic Indicators

    The following are economic indicators as of August28, 2014:


    Peso/Dollar Exchange Rate: $13.1109 pesos per dollar.


    Mexican Stock Exchange: The Mexican Stock Exchange (BMV) closed at 45,501.28 points.


    Interest Rates: The Average Interbank Interest Rate (TIIE) for a 28-day period was at 3.2975%.
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