Client Alert: New Energy Legal Framework in Mexico
- Tuesday, August 12, 2014
Mexico City, August 4, 2014
Resulting from the amendments to the Constitution of Mexico, as published in the Official Gazette (Diario Oficial de la Federacion) on December 20, 2013 (the Energy Constitutional Reform), a comprehensive set of proposed new statutes and modifications to existing laws were brought by the President of Mexico before Congress, in the form of law initiatives.1 Said law initiatives, generally referred to as secondary legislation, are intended to regulate and implement the Energy Constitutional Reform, thus setting forth the foundation for a new energy legal framework in Mexico. After months of negotiations, those statutes and law amendments have now been approved by the Mexican Congress and will enter into effect upon publication by the Executive branch.