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.}
About Karen Estrada
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The Legislative Studies Committee of the Senate Chamber approved proposed amendments to the 170 article of the Federal Labor Law, highlighting the extension of the period of maternity disability to fourteen weeks, divided into seven before delivery and seven after it.
Derived from the reforms to various provisions of the Federal Labor Law that were carried out this year, on July 31, the Protocol for the Legitimation of Collective Labor Contracts was published in the Official Gazette of the Federation, which intends to establish the rules and procedures for the legitimization of existing contracts.
Our Partner Ricardo Maldonado, contributed in the Global Practice Guide by Chambers and Partners in the Corporate Governance area, read more about the main Trends and Developments in Mexico.
The Mexican real estate investment trust Fibra Uno (FUNO) placed unsecured bonds in the international market for 1.0 million dollars. The transaction was carried out in accordance with Rule 144-A and Regulation S of the United States Securities Market in two tranches.
This article deals with the use of guarantee trusts to guarantee the payment of mercantile obligations in Mexico, as well as the rights and risks associated with those trusts in case of bankruptcy of the debtor.
Holland & Knight LLP in New York and Mexico City has helped Mexican real estate investment trust Fibra UNO in its equity offering worth US$1 billion in senior notes.
The ultra low cost Mexican airline Volaris – Concesionaria Vuela Compañía de Aviación – announced the issuance of 15 million Stock Certificates for almost 80 million dollars (1,500 million Mexican pesos), in a transaction in which it was assisted by Mijares, Angoitia, Cortés and Fuentes and their internal legal team.
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.
The ruling of the Federal Commission of Economic Competition in Mexico (Cofece), regarding the purchase of Cornershop by Walmart, has the importance that “it could eventually overthrow the operation”, explains the head of the Free Competition area of Morales & Besa, María José Henríquez.