In August 2013, the government unveiled a bill to allow the state to partner with private companies to find and produce oil and gas. If the bill is passed into law, it will end the country’s 75-year monopoly and spur economic growth. We feature 16 lawyers in this chapter.
A tax reform package was approved in October 2013 by the Chamber of Deputies and now needs Senate approval before being enshrined in law. Key highlights include maintaining the corporate tax rate at 30 per cent (thus repealing the original phase-down to 29 and then 28 per cent in the next two years) and a repeal of the current tax consolidation regime. Lawyers expect to see a demand for compliance advice in the coming year as companies come to terms with how the changes will affect their business. We list 27 specialists in this edition.
The comprehensive legal and statutory immigration policy affecting Mexican and foreign nationals continues to keep lawyers busy as they assist with visa types and application procedures. Our research highlights four lawyers considered exceptional in this field.
Regulators have been continuously working to improve corporate governance standards. In 2011 the Mexican Stock Exchange introduced the IPC Sustentable to help align Mexican corporate governance practices with international norms. Sources state that this has been a slow but steady process of coming to terms with and implementing the new standards, and the challenge is now to apply these heightened standards to small and medium-sized businesses. Fifteen corporate governance specialists are listed in this chapter.
Competition law continues to provide a huge source of work for lawyers in Mexico as the government works hard to ensure that monopolistic activities are investigated and sanctioned. The amendment to article 28 of the Mexican Constitution introduced in the second quarter of 2013 granted considerable powers to the new telecoms regulator to boost competition in the sector. Lawyers anticipate an increase in their workload as further changes to Mexico’s competition policy generate an increasingly complicated antitrust environment. We feature 19 lawyers considered “exceptional” in this field.
Mexico has recently introduced various amendments to codes and acts to implement collective actions as part of its legal system, with the aim of delivering a more efficient and accessible litigation procedure. Early indications are that the changes will lead to an increase in environment and consumer protection-related lawsuits, and lawyers have been busy adapting to the reforms while responding to a continued uptick in banking litigation. Our research highlights 21 litigators considered outstanding for their work in the field.
Equity issuance in Mexico has hit record levels with US$10.4 billion raised in 2013 to date, according to Dealogic. In this dynamic sector, we list 22 “outstanding” individuals.
In the first half of 2013, the government imposed 864.5 million pesos in fines on almost 5,000 corrupt public officials. Despite these efforts by the current government to clamp down on corruption and bribery, business crime in Mexico remains a real risk for companies. In this chapter we select four individuals for inclusion.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.