Attending to the Regulation of the Foreign Investment Law and the National Registry of Foreign Investment, these are the costs of obligations and registrations before the National Registry of Foreign Investments.
On March 26th, a Decree was published in the Federal Official Gazette indicating that, due to the fact that on March 23rd of this year, the General Health Council recognized the outbreak of the COVID-19 virus as an epidemic in Mexico, the Ministry of Economics will suspend, due to force majeure, all the procedures, resources and terms followed before the Ministry of Economics, from March 26th to April 19th, 2020.
Due to the sanitary emergency caused by the COVID-19 epidemic, the Federal Economic Competition Commission (“COFECE” for its acronym in Spanish), expressing its awareness of its effects on the markets, in order to support that the supply chains are not interrupted, or the artificial restriction of output or price hikes of goods or services, on March 27 and 30 it published two communications.
On January 16, 2020, the Mexican United States and the European Union mutually agreed to replace Annex I and Annex II of the Agreement regarding the Mutual Recognition and Protection of Spirits Designations, in order to update the list of such beverages.
On April 9th, 2019, was published in the Federal Official Gazette the notice by means of which the investigating authority of the Federal Economic Competition Commission (COFECE by its acronym in Spanish) reports the initiation of an investigation by the possible commission of absolute monopolistic practices in relation to the production, distribution and commercialization of maize flour in Mexican territory.
The Constitutional amendment will extend the reach of causes that extinguish the ownership of assets. Likewise, the constitutional amendment of the subsection XXX of the article 73 will empower the Congress to elaborate an act regarding the extinction of ownership.
On March 5th, 2019, was published in the Federal Official Gazette the notice by means of which the investigating authority of the Federal Economic Competition Commission reports the initiation of an investigation by the possible commission of relative monopolistic practices on the liquefied petroleum gas industry in Mexican territory.
On March 20th, 2019, the acknowledgement of the traditional Mexican beverage called “Tequila” as a Geographic Indication in the European Community will come into force.
The Central Bank in Mexico (“Banco de Mexico” or Banxico for its acronym in Spanish) announced that, for this year, a new payment platform will be presented, same that promises to revolutionize the industry in the way we make our payments, not only online, but face to face.
