Financial Revolution 2025: Simplified Access to the Capital Markets
On January 21st, 2025, the National Banking and Securities Commission (CNBV) published the “General Provisions Applicable to Simplified Issuers and Securities Subject to Simplified Registration” (the “General Provisions”) in the Federal Official Gazette. This landmark regulation introduces a streamlined framework to facilitate access to the securities market, particularly for small and medium-sized enterprises (“SMEs”). By […]
Start of Operation of the Environmental Electronic Window
On January 8th, 2025, the “AGREEMENT announcing the Environmental Electronic Window of the Ministry of Environment and Natural Resources and Establishing its Operating Guidelines” (the “Agreement”) was published in the Official Gazette of the Federation. Through this Agreement, it is announced to the public in general that the Ministry of Environment and Natural Resources (“SEMARNAT”) […]
Panama Joins MERCOSUR, the most Important Economic Bloc in LATAM
The purpose of this note is to inform you that, on past December 6th, Panama formalized its entry as an Associated State to the Southern Common Market (“MERCOSUR“). Consolidating itself as a strategic bridge for trade in Latin America. This economic bloc, the most relevant in the region, is also the fifth largest economy in […]
Increase on Minimum Wages for 2025
On December 3rd, 2024, the National Minimum Wages Commission approved an increase on the minimum wages for next year on 12%. Therefore, the daily general minimum wage for 2025 will increase from $248.93 Mexican Pesos (approx. US$12.50) to $278.80 Mexican exican Pesos (approx. orox Us$14.00). For the northern border area, the daily general minimum wage […]
L&E Legislative Agenda
I. Mandatory Seating Breaks What is it About? An amendment to Articles 132, 133, 422, 423, and an addition of Section XVII to Article 133 of the Federal Labor Law (“FLL”). This amendment imposes a new obligation to employers, requiring them to provide backed chairs for employees to rest during their workday (this amendment is […]
National Electricity Strategy
The purpose of this memo is to share a summary of President Claudia Sheinbaum’s morning conference held today, November 6th, 2024, highlighting the presentation of the CFE Energy Plan, particularly regarding new frameworks for private sector participation in electricity generation. As noted by the President, the Secretary of Energy and the General Director of the […]
Social Security Amendment for App-based Delivery Drivers and Rideshare Drivers
On October 16th, 2024, President Claudia Sheinbaum proposed an amendment to the Federal Labor Law, aiming to grant labor rights to app-based delivery drivers and rideshare drivers. In accordance with to data provided by the Tax Administration Service (SAT), 658,000 people are employed through such platforms, with 272,000 of them earning an income equivalent to […]
Arrival of the Mortgage REITs
Amendments and Additions to the General Provisions Establishing the Investment Regime to which Specialized Investment Companies for Retirement Funds must Adhere The purpose of this note is to report on the October 25th, 2024 publication at the Federation’s Official Gazette of the Amendments and Additions to the General Provisions (the “General Provisions”) establishing the investment […]
New Draft NOM on Energy Efficiency for Electric Motors in Mexico
On October 9th, 2024, the Draft of the Official Mexican Standard PROY-NOM-014-ENER-2024 was published in the Official Gazette of the Federation, which establishes the minimum energy efficiency limits, testing methods, and marking requirements for singlephase, squirrel-cage, air-cooled alternating current electric motors with power ratings ranging from 0.180 kW to 2.238 kW (the “NOM-014”). Purpose NOM-014 […]
NOM-036-SCT2-2023, Emergency Ramps for Highway Braking
On October 11th, 2024, the Official Mexican Standard “NOM-036-SCT2-2023, Emergency ramps for highway braking” (“NOM”) was published in the Official Gazette of the Federation, the purpose of which is to establish the general criteria to be considered for the design and construction of emergency ramps for highway braking. Scope of Application This NOM is mandatory […]