At the morning conference on July 22nd, the federal government presented an initiative with different amendments to the pension system, which was prepared in collaboration with the Business Coordinating Council (CCE, by its acronym in Spanish) and the Confederation of Workers of Mexico (CTM, by its acronym in Spanish), that has by objective, to reduce the weeks of contribution from 1,250 (25 years) to 750 (15 years), as well as to increase the mandatory retirement savings contributions, which refers to those made up by the worker, company and government contributions, from 6.5% to 15% in a term of eight years where mainly the employers will almost triple their contribution.
The Mexican Institute of Industrial Property will resume activities on July 6th, 2020, in a cautious, gradual and orderly manner, following a strict sanitary control of the people that enters its facilities.
As a mechanism to provide liquidity to companies, it has been identified that several of them have chosen to obtain resources through other entities or individuals (parent companies, subsidiaries or members of the same group). Therefore, we recommend analyzing the nature of these resources, as this could result in tax implications and generate greater obligations.
After the Agreement by which the suspension of non-essential activities was established and in which was also specified that the return to activities should be made gradually, orderly and staged, and by the Agreements published on May 14th and 15th, 2020, in the Federal Official Gazette, it was specified that said activities must implement protocols, training of personnel for safety in the work environment, readjustment of spaces, among others in order to return to work. Likewise, specific rules are established for the construction, mining and manufacturing of transport equipment industry in order for them to start operating on June 1st, 2020.
The PRI Parliamentary Group promoted an initiative to amend the Insolvency Law (the "Law") to include a Reorganization Procedure under an Emergency Regime (the "Process") considering that it is necessary to find an expedite mechanism that makes it possible to attend to the situation promptly, and that the deadlines for the procedure must be short and strictly observed.
Given the global pandemic caused by SARS-CoV2 virus (COVID-19), on March 31th, 2020, an executive order was published in the Federal Official Gazette which ordered the immediate suspension of non-essential activities and it was also established that the reopening of activities must be done in a gradual, orderly and in various stages way, in consequence on May 14th, 2020, the Ministry of Health issued an Agreement through which the different stages for the reincorporation of activities are established, as well as the traffic light system which through colors, will indicate the situation of the different municipalities throughout the country to establish their return to economic and public activities, as well as in closed spaces and school activities.
The governments of Mexico, United States and Canada are working together to establish the criteria, guidelines, protocols and conditions which shall be observed for allowing the reopening of the automotive industry in North America.
Today, a Decree was published in the Federal Official Gazette (DOF, by its acronym in Spanish), indicating that the Mexican Institute of Industrial Property will extend the suspension of activities until May 30th, 2020, to resume activities on June 1st, 2020.
On April 21st, 2020, the “Executive order amending the similar order establishing extraordinary actions to address the health emergency” was published, in which, derived from the technical analysis carried out by the Scientific Advisory Group to respond to the emergency and after the approval of the General Health Council, it is ordered that the suspension of non-essential activities, previously decreed, must continue until May 30th, 2020, however, the municipalities that present low or no transmission of COVID-19 may stop implementing such measures from May 18th, 2020.
Data related to the present or future health status of an identified or identifiable person is considered under the Mexican Federal Law for the Protection of Personal Data Held by Private Parties (Ley Federal de Protección de Datos Personales en Posesión de los Particulares) as sensitive personal data.
Today, a Decree was published in the Federal Official Gazette (DOF, for its acronym in Spanish), indicating that the Mexican Institute of Industrial Property will extend the suspension of activities until April 30th, 2020, to resume activities on May 4th, 2020.
