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Guillermo Zuñiga, Rocio Cardenas, Diana Pineda, Jorge Sandoval and Juan Carlos Machorro

Pace of Mexican energy reforms “remarkable”, but regulatory gaps remain, say lawyers

Tuesday, 24 May

The reforms opening up Mexico’s oil and gas sector to private participation have been enacted quickly, but there is still a lack of clarity regarding rules for fracking, payments to landowners and contracts between state-owned energy company Pemex and its network of petrol stations, heard delegates at Latin Lawyer’s 7th Annual Oil & Gas Conference.

US and Mexico continue to resist granting compliance credit

Tuesday, 24 May

Renata Hesse, head of the US Department of Justice’s antitrust division, and Alejandra Palacios Prieto, chair of Mexico’s Federal Economic Competition Commission, last Thursday made clear that they will not be cutting fines to recognise the existence of strong compliance programmes – but their Canadian counterpart said he may.

Canadian miner files pre-pack plan in Brazil

Tuesday, 24 May

Following a recent recapitalisation agreement with a US investment firm, Toronto-headquartered MBAC Fertilizer Corp has filed a pre-packaged reorganisation plan for its three Brazilian subsidiaries in a Brazilian court, and is preparing to file insolvency proceedings in Canada.

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Volume 15 Issue 2

Volume 15 Issue 2

Lifetime achievement award - Arnoldo Wald

Cuban lawyers • Building relations • Chile's tax reform • Resisting law firm growth

Featured article

Small but mighty


Decades of economic growth have seen an explosion in headcount at some of Latin America’s most ambitious law firms. Yet while those at the top of the market in terms of size have the manpower and multi-disciplinary service offer to staff the region’s blockbuster transactions, there is no shortage of firms enjoying considerable success with much smaller headcounts. Vincent Manancourt talks to this latter group about their reasons for keeping numbers down

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