Mexico Moves Forward With New Anti-Corruption Act

Corruption is a significant risk for companies doing business in Mexico: bribery is widespread, and business registration processes, including the obtainment of construction permits and licences, are negatively influenced by corruption. But the Mexican government is not standing still. Mexico’s new Anti-Corruption Act strengthens oversight of public officials and designates a Special Prosecutor to tackle…

Q&A: Should Mexico Impose New Regulations on ‘Sofipos’?

Q: Mexico’s financial regulator, CNBV, is considering new rules for popular financial societies, or Sofipos, following the government’s seizure of Ficrea SA, whose collapse amid an alleged fraud led to losses for some 6,000 savers. New regulations could include changes to asset concentration limits, CNBV’s vice president said earlier this month. Do consumers face increased…

Marta Colomar-Garcia

How Healthy Is the Banking Sector in Mexico?

Inter-American Dialogue’s – Latin America Advisor – Financial Services October 30, 2012 feature Q&A – Guest Comments from Marta Colomar Garcia, head of Diaz Reus, Mexico. Q: The offering of about 25 percent of the Mexican unit of Banco Santander raised $4 billion last month for the bank in Mexico’s largest-ever IPO. Amid heavy demand,…

China Explores Emerging Opportunities in Mexico

China and Mexico share important priorities that have forged the basis for cooperative relations between the two nations.  For Chinese investors, Mexico has become a desirable investment destination because of its wealth of natural resources, modern infrastructure, internationally qualified workforce, and predictable legal environment. The fact that Mexico has been blessed with natural resources so…

Bright Future for the Mexican Peso

Today Mexico’s key economic indicators appear to be increasingly robust and stable. Mexico is projecting 3.5 percent growth this year, an impressive economic turnaround led largely by exports to China. This economic growth will spur Mexico to become one of the two most interesting markets to invest in Latin America, just behind Brazil. This article…

Promexico Names Diaz Reus as Legal Representative at the World Expo, China

ProMexico, the government institution responsible for strengthening Mexico’s participation in the global economy recently entered into an agreement with Diaz Reus & Targ, LLP to serve as legal advisors to the Mexican delegation during the World Expo in Shanghai, China. This report provides an update on this development. MIAMI, FLORIDA – ProMexico, the government institution…