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

February, 2018

We are pleased to announce that Fernando Carreño, head of our antitrust practice has been nominated as “Lawyer of the year – under 40” by Global Competition Review (GCR), being the only Mexican lawyer that has been nominated to receive this award since it was launched. Fernando share this recognition with the following lawyers: Margaret Segall D’Amico (Cravath Swaine & Moore), Creighton Macy (Baker McKenzie), Thomas Elkins (Linklaters), Jesse Solomon (Davis Polk), Yizhe Zhang (Jones Day), Meegan Hollywood (Robins Kaplan) and Elaine Ewing (Cleary Gottlieb Steen & Hamilton).

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The National Hydrocarbons Commission issues call and rules for the second tender of round 3 for onshore oil fields.

February, 2018

On January 25th, 2018 the National Hydrocarbons Commission (the “CNH”) published the call and rules of the second tender for onshore oil fields for Round 3. This bidding process is intended to award license contracts for the exploration and extraction of hydrocarbons in 37 contractual areas or blocks within onshore fields located in the Burgos, Tampico-Misantla, Veracruz and Southeastern Basins.

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Latin Lawyer- Mexican firms make new partners

February, 2018

Von Wobeser y Sierra takes its total partner count to 15 with the promotion of two lawyers to partners. The Firm has one of the best disputes offerings in Mexico. It is especially well-known for international arbitration, and has opted to fortify its strongest practice area. Arbitration lawyer Montserrat Manzano’s promotion will address the rising number of arbitration cases the Firm is handling. Von Wobeser y Sierra also promoted real estate lawyer Pablo Saez, real estate is a growing area at Von Wobeser.

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Leaders League- Von Wobeser y Sierra appoints two new Partners

January, 2018

On January 2nd 2018, lawyers Monserrat Manzano and Pablo Saez were appointed partners at Von Wobeser y Sierra, strengthening the international arbitration, corporate and real estate practice groups.

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