On November 12, President Andrés Manuel López Obrador announced a bill initiative that, if enacted, will have a significant impact on outsourcing and the use of service entities currently in use to minimize Mexican employee profit-sharing obligations. The initiative includes amendments to the Federal Labor Law, the Social Security Law, the Mexican Tax Code, including … Continue Reading
On March 30 Mexico declared a health emergency and issued a decree with strict measures to contain the fast-spreading of coronavirus “COVID-19,” on non-essential activities in the public and private sectors that would be in force until April 30. In order to prevent the health system from being overwhelmed with the increasing number of cases, … Continue Reading
As a response to the increased violence of organized crime, Mexico passed its first forfeiture law in 2008. At the time, the law was seen as an agile tool for federal and state governments to reach the financial assets of drug cartels and organized crime within the limits of existing constitutional protections. In practice, however, … Continue Reading
On June 6, Squire Patton Boggs’ Miami office hosted the Brazil-Florida Business Council and its members for a discussion titled “Brazil Mid-Year Outlook: The Bolsonaro Administration Scorecard.” The program featured two prominent speakers, Paulo Leme, former CEO and Chairman of Goldman Sachs Brazil and Professor of Finance at the University of Miami Business School, and … Continue Reading
Minimizing Risks In our two previous posts, we discussed the general outline of the Mexican National Anticorruption System, and highlighted some aspects of the General Law of Administrative Responsibility and the Federal Criminal Code that affect legal entities. We now turn our attention to what these laws refer to as an “Integrity Policy” and the … Continue Reading
On our previous blog post we provided the general outline and background behind Mexico’s National Anticorruption System. On this post, we will go further into the weeds of both the 2016 amendments to the Federal Criminal Code and the compliance provisions of the General Law of Administrative Responsibility as these laws apply to legal entities. … Continue Reading
Beginning in 2015, Mexico has been promulgating sweeping anticorruption legislation. Mexico first laid the groundwork with amendments to the Federal Constitution that created the National Anticorruption System. Then in 2016, Congress passed the National Anticorruption System’s implementing legislation through a series of new laws and important amendments to existing ones.… Continue Reading
