With trade opening up between Mexico and other Latin American countries following new legislation, the Mexican trade market looks set to expand further in the coming years. A tax reform currently being discussed in Parliament could also see a high demand for work as companies strive to meet with new regulations over the next few years. We have identified 12 “outstanding” lawyers in this field.
In June 2013 President Nieto signed into law a far-reaching reform of the telecommunications and broadcasting industries that aimed to curb dominance of major players in the market and increase competition and investment in the sector. A new regulatory body, Ifetel, has also been created and will have expanded powers, including the ability to apply asymmetric regulation on dominant companies and even force them to sell assets. This overhaul has created a lot of work for lawyers over the past few months, and they expect to keep busy for the foreseeable future as the effects of this reform come into play. We select five leading lawyers for inclusion in this chapter.
The real estate and construction market is well and truly back on track following the global financial crisis and both local and international investors are clamouring for Mexican property investment trusts (FIBRAs). With more and more capital coming into the market, lawyers reported a hectic year. The hospitality, hotel and office sectors are all booming and there has been an increase in the amount of work related to construction and infrastructure projects. In this section we single out the 29 most highly regarded practitioners.
Mexico’s continued efforts to modernise its public procurement system has led to savings of more than 8 billion pesos for the government, according to figures released at the international conference on integrity in procurement in Mexico City in 2012. With a new president in office who has promised new schemes to promote infrastructure projects, legal work is expected to continue rising in this field. Eight lawyers are listed in this chapter.
The most significant project financings taking place in Mexico are related to power plants, oil exploration and production, gas pipelines and storage facilities, dams, water treatment plants and transportation infrastructure. While there are examples of issued project bonds, traditional financing from banks and financial institutions remains the most popular form of financing and the sector is expected to remain active in the upcoming years. We select 25 lawyers to feature in this chapter.
The Mexican mining industry has experienced a slowdown on the exploration front as companies struggle to find funding for their activities. However, new mining legislation currently making its way through Parliament could introduce royalty payments and reforms to concessions. With full implementation expected in 2014, lawyers are busy advising their clients on what these potential changes could mean in practice. We list 10 mining specialists with the necessary skills and expertise to assist clients in this industry.
Following the federal elections in 2012, lawyers are anticipating reforms across a number of industry sectors. Once the legal climate is more certain, it is expected that deal activity will continue to rise steadily particularly in the telecommunications and energy sectors. In this chapter we identify 44 “superb” practitioners.
Following recent changes to Mexico’s labour and employment laws, which aim to encourage competitiveness and improve flexibility in working conditions, practitioners in this area have seen a marked rise in workload. As companies look for advice on how best to meet the new obligations, lawyers are finding themselves increasingly called upon to assist with subcontracting and profit share schemes, with some estimating that this work now takes up 90 per cent of their time. Within this busy marketplace we identify 19 of the top management-side labour and employment lawyers.
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