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As of January 1st, 2022, as part of the Economic Package for 2022 of the Federal Government, the new accounting obligation related to the concept of controlling beneficiary came into effect, applicable to all legal entities, trustees, settlors or beneficiaries of the Trusts, as well as to contracting parties or members, in the case of …

GC Alert | New accounting obligation in order to obtain and maintain the information of controlling beneficiaries Read More »

On January 5, 2022, the Federal Economic Competition Commission (“Cofece”) published the official communication by which it initiated an investigation for the alleged cartel behavior, under the file IO-001-2021. The scope of the investigation is a possible anticompetitive agreement with respect to the infrastructure required to exploit industrial gases, which are used in different sectors, …

GC ALERT | Cofece launches investigation for alleged cartel behavior in the market for the use of industrial gases in Mexico Read More »

On December 1, 2021, the National Commission of Minimum Wages published the minimum wages update, entering into force on January 1, 2022, which will be equivalent to the daily amount of MXN$172.87 while in the Northern Border Free Zone it will increase to the amount of MXN $260.34. Such an update represents a 22% increase …

GC ALERT | Minimum wages in force as of January 1, 2022 Read More »

On July 31st 2021 an amendment decree was published in the Official Gazette of the Federation (“DOF”) in terms of which several transitory articles derived from the reforms to (i) the Federal Labor Law, (ii) the Social Security Law, (iii) the Law of the Institute of the National Fund for Employees’ Housing, (iv) the Fiscal …

GC Alert | Extraordinary extension granted until September 1st, 2021 to comply with the new subcontracting regime provisions. Read More »

On July 29th, 2021, the Energy Regulatory Commission (“CRE”) published Regulation No.A/024/2021 in the Federal Official Gazette establishing the regulation for maximum prices of liquefied petroleum gas (“LP Gas”) for sale to end users (the “Regulation”), compliant with the Emergency Guidelines for the welfare of consumers of LP Gas, issued by the Ministry of Energy …

GC Alert | Publication of Regulation No. A/024/2021 from the CRE that sets maximum prices for liquefied petroleum gas for sale to end users Read More »

Let’s celebrate this June 5th​ by promoting respect for the Human Rights to a Healthy Environment, through compliance with the legal framework and the creation of public policies for sustainable. Click here to learn more about our environmental practice.