After months of legislative deliberations in Canada, the 13th of march the Canadian House of Commons and Senate unanimously approved the ratification of the T-MEC. Canada´s General Governor also signed the Royal Assent Act on the same day, concluding the Canadian process. This is in preparation for the notifications between the three countries that will […]
The Mexican Business Council and IDB Invest, a member of the IDB Group that finances sustainable companies and projects, announced an agreement to facilitate the financing of productive chains and support micro, small and medium enterprises in the country, which provides resources of up to $12 billion. The credit product, revolving and with an average […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
The current COVID-19 outbreak has become one of the greatest threats to health, the global economy and financial markets in recent history. At the current juncture, multinational companies and groups will have to work more and more efficiently to manage their supply chains in a rapidly changing environment due to the restrictions imposed by COVID-19. In most […]
For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as […]
Read more1. Those directly required to affront the sanitary emergency, including the following sectors: – To support to the National Health Systemo Medicalo Paramedicalo Administrative – Supply, services and procurement to the National Health Systemo Pharmaceutical (production and distribution)o Manufacturing of inputso Medical equipmento Health care technologieso Handling of biohazardous and infectious wasteso Cleaning and sanitation […]
Derived from the pandemic declared by the World Health Organization as consequence of the SARS-CoV2 (COVID-19) virus outbreak as a public health emergency of international interest, during the afternoon of March 24th 2020, the Federal Government of the United Mexican States, through the National Health System, issued a statement establishing the preventive measures that must […]
As we have previously communicated, as consequence of the pandemic provoked by the virus SARS-CoV2 (COVID-19), in the past days, the Federal Government of the United Mexican States (“Mexico”) issued several statements in order to mitigate its transmission, including the resulting declaration of Sanitary Emergency by reason of force majeure. Notwithstanding the foregoing, as of […]
Following the acknowledgement by the General Health Council (Consejo de Salubridad General) of COVID-19 as a serious disease of priority attention in Mexico, on March 24, 2020, it was published in the evening edition of the Federal Official Gazette, the agreement by which the Ministry of Health set forth the preventive measures to be implemented […]
Dear clients, colleagues and friends: As is widely known, the World Health Organization (WHO) recently declared coronavirus disease (COVID-19) outbreak a pandemic, situation whereby both, the Federal Judiciary and the Mexico City Judiciary, as well as the Federal Court of Administrative Justice and the Mexico City Court of Administrative Justice, among other jurisdictions, have declared […]
QUESTION ONE – When representing a client with significant business activities in foreign jurisdictions, what are some key risk-related concerns that arise in a cross-border context and how can a parent company minimise such risk? Non-Mexican clients with operations in Mexico face a series of risks related to several factors. The first factor is assuming […]
By Jorge Velázquez. Tax and Patrimonial Partner. Generalities:The 2020 tax reform is perhaps the most aggressive reform against taxpayers for at least the last 30 years, penalties for tax omissions or non-compliance have been severely increased; taxpayers are obliged to establish more and better controls on disbursements so as not to be affected by their […]
