The employment relationships model designed after the industrial revolution was very successful for several years, building huge corporations that benefit to the growth of the employment rate and develop a well-educated and well-paid society. That didn’t mean that wealth and resources were distributed along the society. It was a model built by the big companies …
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 …
Continue reading “Cybersecurity and data protection in Mexico”
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 …
Continue reading “Prevention of corporate crimes as a compliance standard for Mexican companies”
BGBG is one of the few Mexican law firms with a practice exclusively dedicated to data protection and privacy matters. How is it that you came to this? Héctor: Back in 2011, when we started this practice, there was little knowledge and interest in Mexico in data protection. Some colleagues even said to me that …
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 …
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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 …
Continue reading “Corporate governance meetings in the face of social distancing”
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 …
Continue reading “Mexico’s outsourcing ban: rethinking current employment structures”
With a population of almost 130m, a rich cultural history and diversity, and abundant natural resources, Mexico is among the 15 largest economies in the world and the second largest economy in Latin America. The Mexican economy is based on a free market, open to international trade and foreign investment. As one of the most …
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 …
Continue reading “Trending insurance products in Mexico in 2021”