Cybersecurity and data protection in Mexico | Basham, Ringe y Correa, S.C.

Legal Briefing

Mexico is considered as the 15th largest economy in the world1. Foreign direct investment in 2022 reached over $35bn, the highest since 20152. Even though the current public policies from the President Andres Manuel Lopez Obrador and its legal system has different windows of opportunity, Mexico is an attractive investment destination. Business in Mexico imply …

Prevention of corporate crimes as a compliance standard for Mexican companies | Baker & McKenzie Abogados

Legal Briefing

Since the inception of corporate criminal liability in Mexico in 2016, federal and state prosecutors have been increasingly active in pursuing both national and foreign-owned businesses for crimes as varied as money laundering, tax evasion and bribery. The legislation that was initially vague and challenging to interpret has, in the hands of regulators and by …

Protecting the interests of financial services’ users | Martínez, Algaba, de Haro y Curiel

Legal Briefing

Protecting the users of financial services should always be a priority for any government. In order to comply with this obligation, the Mexican state created a government entity to protect the interests of users of financial services, including services rendered and products sold by insurance companies. That entity is the National Commission for the Protection …

Corporate governance meetings in the face of social distancing | Canales

Legal Briefing

More than two years have gone by since the world confronted a new reality and a new way of living due to the Covid-19 pandemic. Social distancing policies necessitated adjustments to routines, family and work life, and economic stability as the impossibility of continuing with daily activities as usual came to the fore. All these …

Mexico’s outsourcing ban: rethinking current employment structures | Ibarra, del Paso y Gallego

Legal Briefing

After a series of long-winded negotiations between the federal government, employees’ representatives and the entrepreneurial sector, the Mexican Congress approved, and the federal government enacted on 23 April 2021 the much prophesied labour reform to ban outsourcing through significant amendments to the Mexican Federal Labour Law (FLL), Federal Fiscal Code, Income Tax Law and Value …

Trending insurance products in Mexico in 2021 | Nader, Hayaux y Goebel

Legal Briefing

In recent years, Mexico has undergone a significant political, social and economic transformation. There are many drivers that have fuelled this transformation, including new government policies, the Covid-19 pandemic and the availability of new technology and big data. The insurance sector is not immune to this transformation, and is presented with important challenges but also …