Dear Clients and Friends, Yesterday, March 30, the General Health Council issued an Agreement declaring a health emergency due to force majeure of the epidemic generated by the SARS-CoV2 virus (COVID-19) (“Agreement”), published in the afternoon edition of the Official Gazette of the Federation. The Agreement will be in force until April 30th and establishes that…
Dear Clients and Friends, In view of the concerns and interest generated by our release “COVID-19 and Real Estate”, we decided to broaden our commentary to take into consideration other points which will help us better understand this phenomenon. The world is currently facing a health crisis due to the COVID-19 pandemic. In Mexico we…
Dear Clients and Friends, On March 24th, the agreement/decree that establishes preventive measures for the mitigation and risks control regarding the SARS-CoV2 virus (COVID-19) was published in the Official Gazette of the Federation. These measures will be mandatory for the public, private and social sectors, and must be implemented as of March 24. Among the…
Dear Clients and Friends, Through notice no. 414.2020.654 (“Notice”), dated March 20, 2020, the Undersecretariat of Industry, Trade and Competitiveness announced measures to ensure the continuity of several international trade procedures in the coming weeks, in order to protect the health of workers and users. Measures, in force as of March 23, are as follows:…
Dear Clients and Friends, Through a statement published on March 5th on its website, the Mexican Stock Exchange (BMV) announced that in early April will launch, along with S&P Dow Jones Indices (S&P DJI), a new environmental, social and governance index (ESG) for the Mexican stock market, which will replace the current S&P/BMV IPS Sustainable…
Dear Clients and Friends, On March 13, the Treaty between Mexico and the United States of America (“T-MEC”) was ratified in Canada by the House of Commons, the Canadian Senate and the Governor General through the Royal Settlement. Therefore, ratification by Prime Minister Trudeau is the only step left for Canada to complete its internal processes of ratification, just…
Dear Clients and Friends, As a result of the health situation of COVID-19 in Mexico, various judicial and administrative bodies have determined the suspension of activities as a preventive measure to avoid or limit the spread of the virus, despite the fact that a health contingency has not yet been decreed by the Federal Government. Below,…
Dear Clients and Friends, Covid-19 is already having implications in the real estate sector. Developers, constructors, financial investors, and users of commercial real estate must remain abreast of developments in the sector. As in other fields, the description of relevant subjects below may change rapidly, as the legal framework and regulations may vary significantly in…
Dear Clients and Friends, As of today, no health contingency has been declared, however, it is important to be prepared. Preventive Measures For the time being, the work centers must operate normally and adopt the recommendations issued by the Ministry of Health to avoid risks of contagion in the work center. According to the Federal…
Our partners Juan Carlos Partida and Felipe Mendoza classified as “National Leaders” in Trade & Customs Mexico 2020 by Who’s Who Legal. Congratulations!