Legal Reforms regarding Outsourcing Background and Consequences for Companies doing Business in Mexico. By Alejandro Montes Corporate M&A Under Mexican Law, companies doing business in Mexico are bound to distribute 10% of their annual profit among their employees in Mexico. This obligation is commonly referred to as “Profit Sharing” or as “PTU”, which is the…
Dear clients and friends, The rules for the registration of these entities were published last Monday 24th and the main points are the following: Individuals or legal entities that perform specialized services or specialized works and, in consequence, provide or make available their own workers to execute the services or specialized works for another entity,…
Dear clients and friends, On April 30, the Official Journal of the Federation (“OJF”) published an Extract of the Agreement approving the Protocol for the Legitimation of Existing Collective Labor Agreements (“Protocol”). The Protocol, which entered into force the day after its publication, is one of the new mechanisms created by the labor reform published…