Power transmission projects are reactivated in Mexico
The Federal Electricity Commission (CFE) is preparing a project to increase power transmission capacity on the country's west coast and the government of the State of Queretaro announces a power transmission project as a public-private partnership (PPP).Garrigues Mexico obtains the “Socially Responsible Enterprise” distinction for the eighth consecutive year
The Garrigues Mexico office has been recognized, for the eighth year in a row, as a Socially Responsible Enterprise (ESR® 2023), a distinction awarded by Centro Mexicano para la Filantropía (Cemefi) with a view to encouraging companies to initiate corporate social responsibility and sustainability practices that have a positive impact on society.The Mexican Government publishes the calls for public tenders for the concession of five Development Poles in the Interoceanic Corridor of the Tehuantepec Isthmus
Interested parties must send to the CIIT from June 26 to 30, 2023 a pre-registration form, a no conflict of interest form, and a document evidencing experience and capacity in the operation and maintenance of industrial plants in the productive vocations designated by the government.The Mexican Government will grant tax incentives for companies that decide to establish or relocate their facilities in the Interoceanic Corridor of the Tehuantepec Isthmus
Such incentives, which will be available once the Federal Government publishes the tender guidelines for the granting of concessions for the development of the Development Poles, will support companies investing in the region. Below the details of the new tax rules.The Mexican Senate has approved an initiative to reform the Securities Market Law and the Investment Funds Law
The initiative, which envisages some important changes aimed at making the Mexican stock market more flexible, must continue its legislative passage and may undergo amendments before being definitively approved.Mexico: Legal reform to government procurement policies, oversight of public expenditure, and public tenders for the sale of national goods
On April 28 th 2023, the Mexican Senate approved a legislative reform granting the Ministry of Public Function (SFP) powers and authority to concentrate the planning, conduction and surveilling of the procurement of goods, services and public works of all of the federal government entities and agencies, except for Pemex, CFE, the Army and the Navy. Likewise, it was approved an amendment to the National Assets General Law in order to add new rules applicable to public tenders for the sale of federal real estate.Mexico: Legislative reform on mining and territorial water concessions
On April 28, 2023 the Mexican Senate approved a legislative reform that modified the Mining Law, the Territorial Waters Law and other related environmental laws, proposing major changes to the mining and territorial waters concessions regime.