Legal Alerts

Pursuant to the latest reform to the Mexican General Law of Commercial Companies, specifically to its Articles 73 and 129, starting on December 15, 2018, all transfers of shares or equity, or any change in the capital structure of Mexican commercial corporations (S.A.) and of limited liability companies (S. de R.L.), shall be published in…

Dear clients and friends, As of May 25, 2018, the EU General Data Protection Regulation (GDPR) is effective, applicable in Europe and impacting companies and users worldwide. The scope of the new EU rules for data privacy is extended to non- EU companies processing EU residents personal data. Although Mexican companies are already required to…

Dear Clients and Friends, On May 23, 2018, the Mexican Ministry of Foreign Affairs published in the Federal Official Gazette the approval of the following agreements, which the Mexican Federal Government has been negotiating concurrently with the North American Free Trade Agreement (NAFTA): 1. Trans Pacific Partnership Comprehensive and Progressive Agreement (commonly known as TPP)….

PROFIT SHARING LEGAL TERMS FISCAL YEAR 2017. Term: From January 1st to December 31st, 2017. Deadline: December 31st, 2017. FILING OF THE COMPANY´S INCOME TAX RETURN. Term: Within the three months that follow the end of the Fiscal Year. Deadline: March 31st, 2018. DELIVERY OF AN INCOME TAX RETURN COPY TO THE EMPLOYEES. Term: Within…

Dear Clients and Friends, Derived from the General Administrative Provisions issued by the Energy Regulatory Commission (“CRE”) and published on February 15th, 2018 in the Official Gazette of the Federation (“DOF”), users of natural gas whose annual consumption exceeds 5,000 GigaJoules (“Major Users”) must contract their gas supply directly from a commercialization company that is…

Dear Clients and Friends, On March 12th,2018, the Official Gazette of the Federation (DOF) published the Guidelines for the enforcement of the coercive measure imposed by the Federal Labor Public Prosecutor’s Office (PROFEDET by its acronym in Spanish), pursuant to the authority granted under Articles 530 Bis and 731 of the Federal Labor Law. The…

Dear clients and friends, On March 14th, 2018, the Official Gazette of the Federation published the official communication 500-05-2018-8128 of March 1st, 2018, issued by the Central Administrator of Strategic Inspection of the Tax Administration Service. This official communication lists taxpayers who have issued tax receipts without having assets, personnel, infrastructure or material capacity to…

Mexico exports 9% of United States’ Steel and Aluminum consumption. On March 1st, President Donald Trump stated his intention to increase the import duties for Steel to 25% and for Aluminum to 10%, for all countries. Until now, according to the extracts of the Section 232 reports of the Foreign Trade Department that were sent…