Open Source Content Management

Introduction

As we mentioned in part three of the document "ESG in the Mexican Mining Industry", climate change and energy efficiency issues, now more than ever, play a very relevant role in the industry. This is because in the mining sector, most of the greenhouse gas ("GHG") emissions are directly related to energy consumption. GHG emissions are mainly produced by the burning of fossil fuels to supply electricity to the mines, as well as to power equipment and vehicles for the extraction and processing of minerals and metals. This intensive energy consumption is expected to increase exponentially in the coming years.

If ESG is a process for managing risks, it is reasonable to anticipate that a solid process better prepares the company to face a crisis, says Pablo Jiménez Zorrilla.

A ruling by the Ministry of Communications and Transportation was published today in the Official Federal Gazette identifying the essential activities whose regulation, supervision and coordination that correspond to that ministry and that are not subject to suspension under the Ruling of March 31, 2020.

On March 4, 2022, the Plenary of the Federal Judiciary in Mexico published the General Decree 4/2022 in the Official Gazette of the Federation, through which it ordered the establishment of the First and Second District Courts on Bankruptcy matters (“Bankruptcy Courts”).

Dear clients and friends:

On the past October 5th, 2022, the Eu­ropean Council published the agreed text of the Markets in Crypto-Assets (MiCA) Regulation, which aims to regulate crypto-assets related activities carried on in the EU. MiCA provides rules for several areas including transparency, disclosure, supervision and protection in the offering, is­suance, trading and marketing of crypto-assets. MiCA also includes pro­visions for consumer protection, mon­ey laundering, accountability of crypto-assets service providers, market abuse, change in control regimes, ESG, and administrative measures and penalties.

Pablo Jiménez Zorrilla officially joins Von Wobeser, taking the firm’s partner count to 18. He will co-head the corporate and M&A practice alongside partner Luis Burgueño. Law firm founder and member of the executive committee, Claus von Wobeser says Jiménez’s incorporation will add significant value both to the firm and its clients.

On March 26, 2021, the Federal Executive Branch sent to the Deputies Chamber a “Bill with draft Decree amending the Hydrocarbons Act”.

 Over the last few days two bills were presented to extend deadlines in order to facilitate complying with the new obligations in labor, social security and tax matters with respect to the subcontracting reform published in the Federal Official Gazette (DOF) on April 23, 2021 (Reform).

On June 3, 2020 the Ruling SS/13/2020 issued by the Plenary of the Superior Chamber of the Mexican Court of Administrative Justice (TFJA) was published in the Official Federal Gazette (DOF), by means of which the suspension of activities and deadlines has been extended; therefore, the TFJA will remain closed and the terms will be suspended until June 15, 2020.

Today, June 17, 2020, the official communication SS/14/2020, issued by the Plenary of the Superior Chamber of the Mexican Court of Administrative Justice (TFJA) was published in the Official Federal Gazette (DOF), which extended the suspension of activities and terms, and therefore said Court will remain closed and the deadlines will be suspended until June 30, 2020.

Due to the COVID-19 contingency, on April 28, 2020 the official communication SS/12/2020, issued by the Plenary of the Superior Chamber of the Federal Court of Administrative Justice (TFJA), was published on the official website of that Court, extending the initial suspension of activities and terms that ran from March 18 to May 05, 2020 until May 29, 2020.

Due to the COVID-19 contingency, on May 1, 2020, it was published on the official website of the Mexican Copyright Institute (INDAutor) the official communication by means of which the suspension of activities and terms that ran from March 26 to April 30, 2020 has been extended. Therefore, according with this official communication, INDAutor will remain closed and the deadlines will remain suspended until May 29, 2020.

On July 16, 2020 and, subsequently, on July 24, 2020, the official communications SS/17/2020 and SS/19/2020, respectively, issued by the Plenary of the Superior Chamber of the Mexican Court of Administrative Justice (TFJA), were published in the Official Federal Gazette (DOF), in which the suspension of activities and terms was extended due to the health contingency caused by COVID-19.

The Board of the Commission, in its session held today, decided that the initial suspension of terms period (March 23 until April 17) will be extended. In this regard, all terms will be suspended until April 30, 2020; furthermore, considering that May 1, 2 and 5 are holidays, the activities will restart on May 6, excepting those related to merger control procedures and the issuance of opinions or decisions in the granting of licenses, concessions, permits and similar procedures.

On May 29, 2020, the official communication issued by Juan Alfredo Lozano Tovar, General Director of the Mexican Institute of Industrial Property (IMPI) was published in the Official Federal Gazette (DOF), which extends the initial suspension of activities and terms due to the COVID-19 health contingency. In this regard, the IMPI will remain closed and the terms will be suspended until further notice.

Today, in the Official Gazette of the Federation, the President of the National Banking and Securities Commission (“CNBV”) published the Ruling extending the term of the suspension of the terms with respect to the hearings, proceedings and procedures that are in progress, are carried out or must be carried out before the National Banking and Securities Commission, as well as the effects of the other provisions contained in the Ruling establishing the temporary and extraordinary measures and suspending some deadlines for the attention of the financial institutions and persons subject to the supervision of the National Banking and Securities Commission, due to the coronavirus known as COVID-19 (“Ruling”).

The Board of the Commission in its session held on June 8, which was published in the Official Gazette on June 12,1 decided that the initial (March 23 to April 17), the second (April 20 to April 30), the third (May 6 to May 29) and the fourth (June 1 to June 12) suspension of terms will be extended. In this regard and effective as of June 15, all times and terms will be suspended until June 30, 2020, excepting those related to merger control procedures and the issuance of opinions or decisions in the granting of licenses, concessions, permits and similar procedures.

As anticipated in our October 2024 and June 2025 communications, Mexico’s Congress approved, during an extraordinary session—the decree that substantially reforms the Federal Law for the Prevention and Identification of Transactions with Illicit Proceeds (LFPIORPI) and the Federal Criminal Code (CPF). The decree was approved by the House of Representatives (Camara de Diputados) on June 28, submitted to the Executive, and published today in the Official Gazette (DOF), entering into force the day following its publication.

On 19 December 2024, a Decree published in the Official Journal of the Federation (DOF) prohibited the temporary importation of certain goods from the textile and clothing sector. This measure significantly disrupted industry operations, compelling companies to suspend activities and adjust their supply chains due to restricted access to critical inputs. The sector experienced widespread unease, raising concerns about the potential economic consequences of this provision.

Fort Dearborn Company and Multi-Color Corporation have merged. Now the combined company, with approximately $3 billion of annual revenue and an approximate valuation of $6 billion, serves many of the world’s most prominent brands across different categories. The law firm’s team advising CD&R on the multi-jurisdictional transaction comprised of our partners Alberto Córdoba and Luis Burgueño, with associate Eugenio Chinchillas.