LATAM COVID-19 Task Force – Privacy and Cybersecurity Issues

Learn about the legal implications in terms of privacy and cyber security in Latin America derived from the COVID-19 pandemic.

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IP authorities in Mexico, suspension of deadlines and terms

Intellectual Property Authorities in Mexico announce the extension of the period of suspension of activities and work.

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New limitation to the deduction of interest payments

As of January 1, a new limitation on the deduction of interest will be established, which will be applicable to all legal entities and permanent establishments of residents abroad who pay taxes under Title II of the MITL.}

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DECREE IN TERMS OF WHICH SEVERAL PROVISIONS ARE ADDED TO THE SOCIAL SECURITY LAW AND THE MEXICAN FEDERAL LABOR LAW

On June 4, 2019, it was published in the Official Federal Gazette (“DOF”) the decree in terms of which article 140 bis was added to the Social Security Law (“LSS”), which establishes that for insured working mothers or fathers, whose children up to sixteen years old have been diagnosed by the Mexican Social Security Institute (“IMSS”) with cancer of any kind, may enjoy a license for medical care of the children to be absent from their work in case that the child or adolescent diagnosed requires medical rest during critical periods of treatment or hospitalization during medical treatment, according to the doctor’s prescription.

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BILL TO AMEND AND ADD CERTAIN PROVISIONS TO THE GENERAL LAW OF COMMERCIAL COMPANIES (“GLCC”).

On October 26, 2017, the Mexican Senate approved and submitted for to the Lower House of Congress a bill to amend and add certain provisions to Chapter X “Winding-up of Commercial Companies” and Chapter XI “Liquidation of Commercial Companies” of the GLCC (the “Bill”).

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$137 MILLION LOAN FOR BE GRAND, MIJARES ANGOITIA CORTÉS Y FUENTES ADVISED ON THE TRANSACTION

Be Grand secured a $137 Million Syndicated loan for Be Grand Reforma residential and commercial project. The Credit facility has been provided by Santander México, Sociedad Hipotecaria Federal, Banco del Bajío and Banco Monex.

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