Midstream, Downstream, Import/Export Permit-Holders Under Commercial Siege by Mexico’s Government
By EsqSocial Corporation 12/05/21
On May 5, 2021, regardless of the clear warnings and recommendations by Mexico´s Antitrust Commission, amendments to the Hydrocarbons Law were published in the Federation’s Official Gazette. The referred amendments pose a clear siege to permit-holders by creating uncertainty and providing unmeasured authority to the Mexican government as follows: Conditions issuance and maintenance of current permits to evidence the storage capacity required by the Ministry of Energy (“ME”) under their...
By: Foley & Lardner LLP