Insurance Newsletter: Release of the Principles of Reinsurance Contract Law
We inform our clients and friends that on November 28, 2019, the Principles of Reinsurance Contract Law (the “Principles”) were published by the Project Group (joint venture set between several...
Creation of the Mexican Federal Agency of Civil Aviation
On October 16, 2019, a decree was published in the Federal Official Gazette (Diario Oficial de la Federación) creating the Federal Agency of Civil Aviation (Agencia Federal de Aviación Civil,...
Actualización: Iniciativa de reforma a la Ley de los Sistemas de Ahorro para el Retiro
El 30 de septiembre de 2019, la Cámara de Senadores aprobó la iniciativa presentada por el Poder Ejecutivo Federal (la “Iniciativa”), misma que fue aprobada por...
Antitrust Attorney-Client Privilege Regulations
The Mexican Federal Antitrust Commission (“Commission”) published new regulations regarding attorney-client privilege (“Regulations”) that became effective on September 30th, 2019. The Regulations are aimed at establishing a process whereby information...
Proposed Tax Amendments in the 2020 Budget Bill
On September 8, 2019, the Executive delivered to the Mexican Congress the Budget Bill for 2020, which includes the proposed “Decree by which various provisions of the Income Tax Law, Value...
Business Plan of Petróleos Mexicanos
On July 16 of 2019, the director of Petroleos Mexicanos (“PEMEX”), Octavio Romero, announced the Business Plan of PEMEX and its Productive Subsidiaries for 2019-2023 (the “Business Plan”). In this...
Regulations on Websites, Publicity and Terms and Conditions offered by Financial Technology Institutions
The Federal Commission for the Defense of the Financial Consumer (Comisión Nacional para la Defensa de los Usuarios de Servicios Financieros) published today regulations applicable to Financial Technology Institutions. Such...
Minimum Paid-In Capital of Insurance and Surety Companies
On June 24, 2019, the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas) published in the Official Gazette of the Federation (Diario Oficial de la Federación) the...
New provisions issued under the Law to Regulate Financial Technology Institutions
We inform our clients and friends that Banco de México, the Ministry of Finance and the National Commission of the Retirement Savings System have published rules in the Official Federal...
Amendments to the Pension Funds Systems Law
On January 16, 2019, the federal executive branch of the Mexican Government introduced a legislative proposal (the “Proposal”) to the House of Representatives (Cámara de Diputados) of the Mexican Congress to...
