Open Source Content Management

Mexico is party to the New York Convention, which has been in force since the 13th of July 1971. Mexico made no particular declaration regarding articles, I, X, XI of the Convention. Mexico is also party to the Panama Convention on Inter-American Commercial Arbitration and the Inter-American Convention for the Extraterritorial Validity of Foreign Decisions and Awards (the Montevideo Convention).

In this roundtable we spoke with 10 experts from around the world about the latest changes and developments in the Energy & Natural Resources sector.

Pursuant to the legal provisions on commercial arbitration regulated in the Commerce Code and the Arbitration Rules of the ICC, arbitral awards are binding to the parties and must be complied without delay.

In Mexico, the antitrust practice has been, since its creation, one of our most sophisticated and complex topics in Mexican Law. This has caused a number of changes in both institutions and legislation, most of them related to increasing powers from antitrust authorities and sanctions for those that breach antitrust law in Mexico, making it an extreme agile practice in Mexico.

In Mexico, as of 1 December, 2012, we have had a newly elected administration which is spearheaded by the president Mr. Enrique Peña Nieto from the Institutional Revolutionary Party (PRI), who has shown his determination to further develop the renewable energy market in the country, position which we could confirm as well from Mexico’s National Energy Strategy (2013-2027) recently issued by the Federal Ministry of Energy (SENER).

In a decision dated 13 July 2012, but not published until February 2013, the Second Collegiate Tribunal in Civil Matters of the Third Circuit ruled that it can enforce a provisional measure ordered by an arbitral tribunal without giving the affected party an opportunity to be heard.