Adrián Magallanes, Diego Sierra- Latin Lawyer: Litigation 2019, Mexico Reference

Luis Burgueño and Diego Sierra share the strategic vision that has guided Von Wobeser y Sierra’s evolution over four decades.

This week, the U.S. government designated the Juárez Cartel (La Línea) and Los Viagras as Foreign Terrorist Organizations (FTOs), expanding existing sanctions on both groups. Companies should review their compliance programs and the due diligence processes applicable to their counterparties, with particular attention to those with operations, suppliers, or supply chains connected to Chihuahua and Michoacán.

This year, a Mexican Federal Court issued a series of controversial precedents related to the rights of legal entities. These precedents are not generally binding, but they represent a setback in the protection of fundamental rights and, specifically, with respect to the social and corporate responsibility of companies.

One of the main objectives of the current Federal Administration is the strengthening of the State's productive enterprises: the Federal Electricity Commission (CFE) and Petróleos Mexicanos (Pemex). In line with the foregoing, on March 10, 2021, a substantial reform to the Electricity Industry Law entered into force, which sought to justify itself in terms of the safety and reliability of the electricity system, as well as the country's energy self-sufficiency.

Corruption represents a systemic global problem. Recently, the Supreme Court of Justice of the Nation (SCJN) has formally recognized that organized civil society is a factor in mitigating and reducing corruption, which is why it is fundamental within the new anti-corruption regulatory structure in Mexico. Corruption significantly affects the provision of public services, economic development, respect for human rights and the rule of law. E

Our Partner Diego Sierra describes the current landscape and the latest trends in insolvency proceedings (concursos mercantiles) in Mexico.