The Federal Consumer Protection Attorney’s Office Seeks to Regulate “Influencers”
Over the last few years, and thanks to the development of different digital platforms and social networks, there has been a notable increase in collaborations between brands of different products, goods or services, and individuals known as “influencers” in order to promote or advertise certain products, goods or services (the “Products or Services“). However, frequently […]
Decree Reforming Article 16 of Mexico City’s Political Constitution, in Matters of Territorial Planning
Last August 7th, 2023, the Decree reforming article 16 of Mexico City’s Political Constitution, in matters of territorial planning (the “Reform”), was published at the Mexico City Official Gazette, becoming effective the next day. The Reform responds to the imminent need to promote: (i) the responsible regularization of land; and (ii) a healthy environment, since […]
Creation of the Single Desk for Investors and the Single Registry of Investment Projects
Last July 26th, 2023, the creation of the Single Desk for Investors and the Single Registry of Investment Projects was published in the evening edition of the Federal Official Gazette, becoming effective the next day. Mexico Continues to Rise as a Champion in Foreign Investment Foreign investment continues to have a very dominant role since, […]
Possible Implementation of the “Poison Pill” as a Defense Strategy Against Hostile Takeovers, in the Securities Market Law
The purpose of this note is to inform you about the proposed reform to Mexico’s Securities Market Law (“Securities Law”), aimed at protecting listed companies from hostile takeovers by implementing the “Poison Pill” defense strategy. The goal of a “Poison Pill” is to prevent potential buyers from acquiring a controlling interest by limiting the maximum […]
Short Analysis on the Legal Update of the National Code of Civil and Family Procedures
On June 7th, 2023, a decree was published in the Official Gazette of the Federation, through which the National Code of Civil and Family Procedures (“CNPCF”) was enacted, repealing the Federal Code of Civil Procedures, as well as the civil and family procedural laws of the Federal Entities. The CNPCF will begradually integrated at both […]
Air Cabotage puts Mexican Airline Industry at Risk
On December 15th, 2022, Mexican President Andres Manuel López Obrador, filed a law reform project before the Chamber of Deputies with respect to the aviation industry, which adds, amends, and abrogates provisions of the Civil Aviation Law and the Airports Law, authorizing cabotage flights (hereinafter, referred as to “Cabotage”) for the transportation of passengers, cargo […]
Mexican Airspace Protection Law
On March 1st, 2023, the decree issuing the Mexican Airspace Protection Law (hereinafter, the “Law”) was published in the Official Gazette of the Federation. The aforementioned Law entered into force on March 2nd of this year, finding its legal ground in Articles 27, 48 and 73 of the Political Constitution of the United Mexican States, […]
Information Regarding the Increase in the Overnight Interbank Interest Rate
The purpose of this informative note is to inform our clients about the increase in borrowing costs to a record high of 10% (ten percent), as announced by the Governing Board of the Mexican Central Bank (Junta de Gobierno del Banco de México) on November 10th, 2022, aimed at maintaining the pace with the US Federal […]
Ibarra del Paso Gallego contributes to the 6th edition of The Real Estate M&A and Private Equity Review
For real estate investment trusts (REITs), the covid-19 pandemic has been a tale of two cities, of boom and bust, with the seismic changes in the world leading to strength in some sectors of commercial real estate and huge market dislocations and disruptions in others. In general, companies with assets that service the digital economy – cell towers, […]
Amendments to the Financial Institutions Law in Mexico
We have published a note to provide our clients a summary regarding several amendments published on September 09th, 2021, in the Official Gazette of the Federation concerning the General Provisions referred to in articles 115 of the Financial Institutions Law in connection with article 87-D of the General Law of Auxiliary Credit Organizations and Activities […]