The Technical Board of the Mexican Institute of Social Welfare (“IMSS” for its acronym in Spanish), published a notice whereby the legal and administrative resources in place are made known in order for the IMSS to facilitate payment of employee-employer fees.
Since the "Agreement establishing extraordinary actions to attend the health emergency generated by the SARS-CoV2 virus", published in the Federal Official Gazette on March 31st, 2020, which orders the suspension of non-essential activities, The Ministry of Labor and Social Security in coordination with the Ministry of Health, is carrying out activities to verify the compliance of the sanitary measures it ordered.
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.
Procedures before the National Registry of Foreign Investment (“RNIE” for its acronym in Spanish), the statutory limits and timeframes will be borne normally.
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.
As a result of the adverse economic effects caused by the measures to prevent the spread of COVID-19, the Mexican Banks Association (“ABM”) issued a statement on March 23, disclosing that banking institutions have determined to support their clients who are unable to meet their credit obligations by implementing various support programs.
By order of President Andrés Manuel López Obrador, a general resolution was issued in order to establish several measures regarding the worrying situation that is the spread of the COVID-19.
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 December 17th, the Council of Representatives of the National Minimum Wages Commission (CONASAMI, by its acronym in Spanish), resolved the increase to general and professionals’ minimums wages (SMG, by its acronym in Spanish).
