Mexico's Hydrocarbons Law: What Foreign Investors in Mexico Must Know to Protect Their Rights
By EsqSocial Corporation 09/04/21
On March 26, 2021, Mexico President López Obrador sent a bill to Congress to modify the country's hydrocarbons law (the "Draft Bill"). Under the Draft Bill, (i) the granting of import, commercialization, and distribution permits for all hydrocarbons would be subject to storage capacity level determined by the Mexican government; (ii) suspension and termination of permits would be enabled under national security concerns; (iii) state-owned Pemex would be the only entity allowed to continue...
By: Jones Day