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Reforms to the Federal Labor Law
January, 2013

Reforms to the Federal Labor Law

On September 28, 2012, the Chamber of Deputies of the Congress of the Union approved a decree amending various provisions of the Federal Labor Law (Ley Federal del Trabajo (LFT)). Such decree was sent to the Chamber of Senators of the Congress of the Union as the reviewing chamber. On October 24, that legislative body approved the decree making certain changes (only adding 8 articles regarding union life and transparency) and returned it to the Chamber of Deputies for its review (and possible approval) of the changes made by the Senators.

Subsequently, the Chamber of Deputies approved the majority of the additions sent by the Senators, with the exception of two amended articles and the complete elimination of two other articles completely. Consequently, such minute was again sent to the Senate for its review.

Please refer to the attachment or click here. For more information please contact our  team of  experts:

Javier Lizardi, Partner: This email address is being protected from spambots. You need JavaScript enabled to view it.

Rodolfo Trampe, Associate: This email address is being protected from spambots. You need JavaScript enabled to view it.

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Federal Act to Prevent and Identify Transactions Involving Illicit Funds
January, 2013
On October 17, 2012, a decree issuing the Federal Act to Prevent and Identify Transactions Involving Illicit Funds (the “Act”) was published in the Official Federal Gazette. The law will become effective as from nine months after its publication that is on July 17, 2013.

The Law sets forth a prohibition regime for certain activities, as well as procedures and rules to identify and report certain acts and transactions that could be used for money laundry or terrorism financing.

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For additional information contact:

Luis Burgueño, Partner:
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Andres Nieto, Partner:
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New Immigration Law in Mexico
December, 2012
On September 28th, 2012 a new Regulation of the Immigration Law of Mexico (the Regulation) was published in the Mexican Official Gazette and became effective on November 9th, 2012.
 
December 27th, 2012.
 
The regulations regarding the General Law of Population on migratory control, verification and regulation were annulled, including the Manual on Criteria and Migratory Procedures of the National Institute of Migration through which the present visa designations of Non Immigrant, Immigrant and Immigrated were defined. Anyone with a current visa (FM-2 or FM-3) can continue to use their current visa until the expiration date, at which point they will have to renew under one of the categories outlined below.
 
Please refer to the attachment or click here for additional information contact our experts:
 
Javier Lizardi, Partner: This email address is being protected from spambots. You need JavaScript enabled to view it.
Gabriela Negrete, Associate: This email address is being protected from spambots. You need JavaScript enabled to view it.
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Federal Labor Law Reforms
December, 2012
On November 30th, 2012 a series of Federal Labor reforms were published in the Official Federal Gazette. The labor reform, which has been promoted as a tool for increasing the productivity of the country, was generally well received by the business and labor community, since it introduced novel legal concepts.

Federal Labor Law Reforms regarding "Subcontracting"

December 11th, 2012.

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Latin Lawyer - New Gold returns to familiar firms for US$500 million issuance
November, 2012
Von Wobeser y Sierra S.C. advised Canadian miner New Gold in a US $500 million senior notes issuance in the US market.
 
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Latin Lawyer - AB InBev/ Grupo Modelo approved in Mexico
November, 2012
Mexico´s Federal Competition Commission has unconditionally approved Anheuser- Busch InBev´s US acquisition of Grupo Modelo.
 
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Global Competition Review - AB InBev/ Grupo Modelo approved in Mexico
November, 2012
The deal sees AB InBev gain sole ownership of Grupo Modelo, of which it previously held a 50.35 per cent share.
 
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Von Wobeser y Sierra S.C. participates in the ICC Seminar, “Controversial Financial Solutions”.
October, 2012
Von Wobeser y Sierra S.C. participates in the ICC Seminar, “Controversial Financial Solutions”.
 
Von Wobeser y Sierra S.C. is involved in the discussion regarding possible controversies that can occur in the financial system and how these problems may be resolved in an efficient manner by using alternative methods in their resolution.
Von Wobeser y Sierra S.C. participated in the workshop “Enhancing Global Cartel Enforcement, Building on Solid Foundations” of the ICN.
October, 2012
Von Wobeser y Sierra S.C. participated in the workshop “Enhancing Global Cartel Enforcement, Building on Solid Foundations” of the ICN.
 

Von Wobeser y Sierra S.C. participated in the workshop, "Enhancing Global Cartel Enforcement, Building on Solid Foundations" of the International Competition Network (ICN).

Our Partner, Fernando Carreño, participated in the exclusive event which took place on October 2nd-4th 2012 in Panama City.

This is the IX event that is hosted ICN, which deals in antitrust topics. The main focus of discussion was based on the international strategies to investigate, prevent, detect and penalize monopolistic practices. Special guests were invited, including global advisers from non-governmental organizations as well as the best lawyers from prestigious law firms from around the world.

Von Wobeser y Sierra S.C. recognized by Legal 500.
September, 2012
Von Wobeser y Sierra S.C. recognized by Legal 500.