In the late hours of September 30, 2018, Canada and the United States concluded their bilateral negotiations, which consequently led to the finalization of the negotiations for the modernization of the North American Free Trade Agreement (“NAFTA”) of which Mexico, the U.S. and Canada are a Party to since 1994. This negotiation process lasted more…
Dear Friends and Clients, On September 5, 2018, the Mexican Institute of Social Security (IMSS) published in the Federation’s Daily Official Gazette the “Agreement ACDO.SA2.HCT.290818 / 225.P.DIR” (attached), where administrative ease regulations regarding labor subcontracting were granted. This agreement became effective yesterday, September 6, 2018. The agreement establishes that, for purposes of Article 15-A, fifth…
Dear Clients and Friends, On August 27, 2018, separately, the Governments of Mexico and of the United States of America announced that they reached an agreement after over one year negotiations on the future of NAFTA. While the Governments of both parties insist that they expect that Canada will continue to be part of the…
Last June, the Second Chamber of the Supreme Court of Justice of the Nation resolved over a contradiction of thesis labeled 107/2018, stating: OVERTIME. THE MINUTES WORKED BEYOND THE REGULAR WORKING DAY ARE CUMULATIVE AND SHALL BE PAID AS PROVIDED BY LAW UNDER HOUR UNITS, CALCULATED WEEKLY. Articles 66 and 67 of the Federal Labor…
The upcoming July 1st is considered a non-working day. The above, according with articles 74 and 75 of the Federal Labor Law, as well as with article 22 of the General Law on Electoral Institutions and Procedures, which provide the following: FEDERAL LAW OF LABOR. Article 74. (The Following) Are non-working days: ……. IX. The…
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…