Board Members have an obligation to exercise due diligence in the performance of their duties. If a Board Member commits fraud or embezzlement against the Company, he/she may be held liable and face criminal consequences. If a Board Member becomes aware of illegal any activity and fails to take action to stop it, he/she may be considered an accomplice…
Dear Clients and Friends: On October 11, 2023, a publication was made in the Federal Official Journal of a decree through which income tax incentives are granted for key sectors of the export industry, which came into force on October 12, 2023. The decree is directed to key sectors of exportation to promote the strategy…
The case of Luis Rubiales, president of the Royal Spanish Football Federation (RFEF), who kissed the football player Jennifer Hermoso, without her consent, during the celebration of Spain’s victory in the Women’s World Cup, has made headlines around the world and raises awareness about this topic, which is new for many cultures and countries. As a…
In recent days, a resolution was issued in the protective writ filed by workers of the Miners’ Union, against Section VIII of Article 127 of the Federal Labor Law, which establishes the limits on payment of workers’ profit sharing (PTU) from companies, consisting of either three months of salary or the average of the participation…
Amid an ever-evolving work environment and the quest for a better work–life balance, the debate has intensified in Mexico regarding the possibility of reducing the standard workweek from 48 hours to 40 hours.This proposal has sparked a wide spectrum of opinions and analyses addressing both the benefits and challenges that such a change could bring….
Dear clients and friends, In compliance with the January 2021 reform to the Federal Labor Law on the topic of teleworking (known as “home office”), the official Mexican norm (Norma Oficial Mexicana) NOM-037-STPS-2023, entitled “Telework—Conditions of Safety and Health at Work” (hereinafter “the NOM”), was published in the Federation Official Gazette on June 8, 2023….
Dear Clients and Friends, On May 8, 2023, the Head of the Federal Executive published a decree, in the Federation’s Official Gazette, containing a series of amendments to the Mining Law; the Law of National Waters, of Ecological Balance and Environmental Protection and; the General Law for the Prevention and Integral Management of Mining Waste,…
Dear Sirs, The Ministry of Labor and Social Welfare (STPS for its acronym in Spanish) has implemented the Voluntary Labor Verification Program (VELAVO), which is a voluntary tool for compliance with labor regulations. This mechanism aims to certify workplaces in compliance with the following legal obligations: I. General Working Conditions. This can apply to all…
Dear clients and friends: We would like to inform you of a recent case law approved by the Mexican Supreme Court of Justice that could have important implications for your tax affairs. The case law approved on March 15, 2023, establishes that Value Added Tax (VAT) paid trough offsetting is not creditable. This means that…
In the employee/employer relation, there are two yearly situations that cause tension and friction, being the revision of the Collective Bargaining Agreement and the Profit Sharing. In the case of the profit sharing, a wrongful management may lead to a strike. Additionally, it is important to take into account the following: LEGAL TERMS…