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).
The Mexican Congress of the Union approved the Organic law concerning the Federal Center for Conciliation and Labor Registry. The fundamental technical standards for the operation of the Center are established in this law, it also mentions that the Center will have a Government Board and a General Directorate. Additionally, the transitory articles establish that the professional service will enter into force one year after the creation of the CFCRL.
Since the amendment to the Article 128 of the Industrial Property Law, the Declaration of Use became mandatory for trademark owners in Mexico, and not filing it under the terms established by Law, represents an expiration cause of trademark registrations.
The Congress of the Union approved the Organic Law of the Federal Center for Conciliation and Labor Registration, ordained in the Federal Labor Law reform, in order to start operating in 2020.
Today, October 23th 2019, the Mexican Official Standard on psychosocial risk factors at the workplace: NOM-035-STPS-2018, on identification, analysis and prevention of psychosocial risk factors in the workplace, enters into force.
The Unit of Measurement and Update (UMA) cannot be applied to determine the estimation of retirement pensions; since these are benefits of a labor nature, they must always respond to the Minimum Wage.
On September 9th, 2019, the amendment to the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin that considers virtual assets transactions as a vulnerable activity in terms of money laundering entered into force.
On April 15th, 2019, the resolution by means of which several debts, tax penalties, surcharges and expenses of execution of ordinary contributions are canceled and a variety of administrative facilities is given, was published in the Official Gazette of Mexico City.
