Mexico has signed the Convention on the Settlement of Investment Disputes between States and National of other States, better known as the Washington Convention or theICSID Convention. This important development is expected to make Mexico
Continue Reading Investment Protection in Latin America: Mexico Takes One Step Forward, Venezuela Takes Two Steps Back
Mexico’s General Law on Administrative Responsibilities: Preventing and Fighting Corruption
In 2015, Mexico embarked on sweeping constitutional reforms that created the National Anticorruption System, empowering competent authorities at all governmental levels to prevent and fight corruption.
As part of these reforms, in July 2016, several
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Enforcement of Foreign Arbitral Awards in Key Latin America Jurisdictions
Published in the Global Arbitration Review, the chapter on the Enforcement of Foreign Arbitration Awards in Key Latin America Jurisdictions summarizes the arbitration law and practice of certain jurisdictions that have experienced an important development in the past 20 years in their arbitration landscape; they are also countries with significant economic growth. The countries in question are Brazil, Colombia, Mexico and Peru. This chapter focuses on the legislative efforts and the attitude adopted by the courts in these countries in regards to the recognition and enforcements of foreign arbitral awards. For full text, please click here.
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Official Start of NAFTA Renegotiation: The renegotiation will set the tone for the administration’s trade policy
The first round of renegotiating the North American Free Trade Agreement (NAFTA) will take place August 16 – 20 in Washington. The United States Trade Representative (USTR) will host a press conference to begin negotiations and will report out daily to the Industry Trade Advisory Committees (ITAC). The mechanics of the rest of the first round remain fluid – some working groups may table proposed text and engage throughout the week, while others may meet only briefly to establish a scope of work. The second round of talks is tentatively scheduled for September 10 in Mexico City.
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Mexico State Election: Setting the Tone for July 2018 Presidential Election
This is a guest post from The Cohen Group
Alfredo del Mazo of the ruling Institutional Revolutionary Party (P.R.I.) is the presumptive winner of Sunday’s
election for governor of the State of Mexico, an important battleground state that will set the stage for the July
2018 Mexican presidential contest. The narrow win for the P.R.I. on President Enrique Peña Nieto’s home state
highlights the current weakness of the ruling party’s political machine, which won the state in 2011 with 60
percent of the vote. It also rescaled the overall popularity of populist presidential candidate Andres Manuel
Lopez Obrador (AMLO) who was able to pick the relatively unknown Delfina Gomez Alvarez as the candidate
for his National Regeneration Movement (MORENA) and almost win one of Mexico’s most coveted and
powerful elected offices. Going forward, how AMLO manages his party’s challenge of the election results
could impact his presidential ambitions.
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Mexican Government Proposes Tax Incentives on IT Services and R&D Activities for 2017
As part of the 2017 economic budget and proposed tax reform, the Mexican government intends to incentivize a couple of activities that may be intertwined: first, by allowing information technology (IT) services to qualify as an export subject to 0 percent value added tax (VAT), as opposed to the 16 percent general VAT rate; and second, by reintroducing a tax credit for research and development (R&D) activities carried out in the country.
Continue Reading Mexican Government Proposes Tax Incentives on IT Services and R&D Activities for 2017