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General Data Protection Regulation (GDPR)

May, 2018

In April 2016, the European Parliament adopted the General Data Protection Regulation (“GDPR”) which became effective on May 4th of that same year and is mandatory as of May 25th, 2018 for the European Union (“EU”) member states and for third parties that use the personal data of European citizens.

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Mexico approves the “Comprehensive and Progressive Agreement for Trans Pacific Partnership”

May, 2018

On May 23rd, 2018, the “Comprehensive and Progressive Agreement for Trans Pacific Partnership”, better known as TPP-11 or CPTPP, was published in the Official Federal Gazette, as well as two Side Agreements to the TPP-11 signed by Mexico with Vietnam related to the textile sector; a Side Agreement signed with Malaysia with respect to the rule of origin that will apply in the production of certain vehicles; and a Side Agreement with Australia regarding investment protection.

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Fernando Carreño, awarded “Lawyer of the year – under 40” by Global Competition Review (GCR)

April, 2018

We are pleased to announce that Fernando Carreño, head of our antitrust practice was awarded “Lawyer of the year – under 40” by Global Competition Review (GCR). This is the first time that a Mexican lawyer is recognized with this award.

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Signing of the “Comprehensive and Progressive Agreement for Trans-Pacific Partnership”

March, 2018

Today, March 8th, 2018, the “Comprehensive and Progressive Agreement for Trans-Pacific partnership”, better known as TPP-11 or CPTPP, was signed in Chile, with the participation of Australia, Brunei, Canada, Chile, Malaysia, Japan, New Zealand, Peru, Singapore, Vietnam and Mexico. The agreement is signed just as the government of the United States is announcing that it will impose tariffs on imports of steel and aluminum.

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Approval of the Mexican Fintech Act

March, 2018

On March 1st, 2018, the Chamber of Deputies approved a Decree (“Decree”) issuing the Financial Technology Institutions Act and amending and repealing various provisions of the Credit Institutions Act, the Securities Market Act and other related regulations ("Act" or "FinTech Act").. In accordance with said Decree, the FinTech Act has been sent to the Federal Executive for its promulgation and publication in the Federal Official Gazette.

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The Federal Electricity Commission published the bidding terms for the first direct current transmission line.

March, 2018

On February 8th, 2018, the Federal Electricity Commission published the terms of bid number CFE-0036- CASOA-0001- 2018 for the design, construction, equipping, installation, operation and maintenance of the first direct current transmission line in Mexico.

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Companies in Mexico should enhance their compliance programs in light of the criminal reform.

February, 2018

On February 10th, 2014, section A of article 102 of the Mexican Constitution was amended in order to transform the Procuraduría General de la República (Attorney General's Office) into an independent public entity called Fiscalía General de la República ("FGR"). Unfortunately, after almost 4 years, it hasn't yet come into force.

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The Ministry of Energy calls for The International Public Bid for the interconnection of the Mexican Electric Systems.

February, 2018

On February 2nd   the international public bid number LT/SENER-01-2018 (the “Bid”) issued by the Ministry of Energy (“SENER”) was published in the Official Federal Gazette. The Bid aims to award a Contract for Management and Operation (the “Contract”) of the Transmission Infrastructure to Interconnect the Baja California Interconnection System (BC) with the National Interconnection System (SIN).

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Citizens' initiative to amend: Section "A" of Article 102 of the Mexican Constitution in relation to criminal liability of companies.

February, 2018

On February 10, 2014, section A of article 102 of the Mexican Constitution was amended in order to transform the Procuraduría General de la República (Attorney General’s Office) into an independent public organization called Fiscalía General de la República (“FGR”).  Unfortunately, almost four years later, it hasn’t yet come into force. 

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The Ministry of Energy issues the manual for the Interconnection of Power Plants and Connection of Load Centers.

February, 2018

Today the Manual for the interconnection of Power Plants and the Connection of Load Centers (the “Manual”) issued by the Ministry of Energy (“SENER”), was published in the Official Federal Gazette. It provides the requirements, describes the process and procedures, and defines the obligations and rights to be observed regarding the requests for interconnection of power plants or the connection of consumer load centers to the National Transmission Grid and General Distribution Grids that are filed with the National Center of Energy Control (the “CENACE”).

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