Market: Mexico

Uncertainty surrounds Mexican tax reforms

Mexico is bracing itself for a round of tax and fiscal reform. The new administration of Vicente Fox says it wants to eliminate a number of special tax regimes and exemptions, and impose VAT tax on medicine and food for the first time.

16 March 2001

Von Wobeser y Sierra recruits ex-judge

Mexican law firm Von Wobeser y Sierra, SC has recruited a high-profile ex-member of the Mexican judiciary as its newest member.

16 March 2001

López Velarde snaps up regulator

León Ricardo Elizondo is to join López Velarde Heftye Abogados SC in Mexico City as partner.

09 March 2001

Creel, García-Cuéllar y Müggenburg, SC advises in telecom joint venture

PanAmSat Corporation is to use PanAmSat satellites in order to provide satellite-based telecommunications services in Mexico in a joint venture with Corporativo W Com, SA de CV. The sums involved in the deal are as yet undisclosed.

02 March 2001

Creel, Garcí­a-Cuéllar advises on cigarette securitisation

Creel, García-Cuéllar y Müggenburg, SC is acting as counsel to the borrower, Cigarrera La Moderna SA de CV, and the guarantor, British American Tobacco Plc, in the securitisation of a loan worth over US$100 million, granted by BBVA Bancomer.

02 March 2001

Banking: Canada's Scotiabank acquires control of Mexican financial services group

On November 30, 2000 Scotiabank, advised by McCarthy Tétrault of Canada and Ritch Heather of Mexico, completed a transaction to increase its stake in Grupo Financiero Inverlat SA de CV to 55 per cent.

30 November 2000

Hughes Hubbard and Sherman & Sterling in US$120 million commercial paper program

The program, a re-do of one done last year, was signed between CABEI and Barclays Bank PLC. It is designed to finance foreign trade operations in Central America and was effective as of November 21, 2000.

21 November 2000

Modifications to Maquila and NAFTA regulations

The Seventh Resolution modifying the Mexican Trade Regulations (Séptima Resolución de Modificaciones a la Resolución Miscelanea de Comercio Exterior) for 2000 was published in the Official Gazette (DOF) of the Federation on November 16 2000.

16 November 2000

Curtis, Mallet counsel becomes President of UIA

Miguel I Estrada Sámano, counsel to Mexico's Curtis, Mallet-Prevost, Colt & Mosle, SC, will take his post as President of the UIA (Union Internationale de Advocats) during its 44th annual congress in Buenos Aires, Argentina between October 29 and November 2 2000.

29 October 2000

Mexico's antitrust commission launches official probe into Coca-Cola on October 26, 2000

Basham, Ringe is representing Coke in the complaint filed by against it in April which accuses the soft drinks giant of blocking fair competition through the use of monopolisitic practices such as exclusivity contracts with retailers.

26 October 2000

Get unlimited access to all Latin Lawyer content