The Association of Human Resources Professionals of Hermosillo AC and the Sonoran Association of Human Capital Executives invited Andrés Rodríguez to be part of the State Congress of Human Resources, which will be held in person in Hermosillo, Sonora.
Our partner participates in the panel “Impact of Labor Reforms in the Human Resources Area”.
For more information and registration, visit: www.congresorhsonora.com
printable version| September 2022
On September 8, 2022, the Ministry of Finance and Public Credit presented the 2023 Economic Package to the Federal Executive. This Package includes the General Criteria of Economic Policy, the Federal Income Law, the Draft Expenditure Budget of the Federation and the Federal Rights Law, which would come into force as of January 1, 2023.
Read full note here.
printable version | September 2022
Following the obtaining of the necessary authorizations and the fulfillment of the closing conditions by the parties, the operation was closed in September 2022 through which Hunter Manufacturing, SA de CV sold all of its shares to the French group Delta Plus Group SA
Hunter Manufactura, SA de CV is a Mexican company that has established itself as a leader in the design, manufacturing and distribution of high-end PVC industrial boots for the Mexican market, under the DRYPRO ® brand, and which has its operations center in Jalisco. Furthermore, as a result of the high quality of its products, Hunter Manufactura, SA de CV distributes them in the United States of America and Canada.
Delta Plus Group SA is a French company, listed on Euronext Growth in Paris, and one of the main players in the global Personal Protective Equipment market, with a presence in more than 110 countries, through 45 subsidiaries located throughout Europe, Asia and America.
This acquisition aims to consolidate Delta Plus Group's industrial boots business and initiate its presence in Mexico, a country that it considers has strong growth potential in the segments in which it participates.
Jose Ramon Ayala y Guillermo Moreno led the Santamarina + Steta team that legally advised Hunter Manufactura, SA de CV in the sale of its shares.
From September 26 to 30, our partner Jose Pablo Pérez Zea will attend the FICPI World Congress 2022 in Cannes, France.
The event, organized by the International Federation of Intellectual Property Attorneys (FICPI), brings together the global community of intellectual property attorneys to exchange the most important developments in patent, trademark and design laws and procedures around the world.
printable version | September 2022
Galileo Global Education, the number 1 private higher education group in Europe and number 2 worldwide, has entered into an alliance with IPETH, a leading institute in Mexico dedicated to professional development in Physiotherapy and Rehabilitation with operations in various states of Mexico and Guatemala.
With this alliance, Galileo Global Education reaffirms its leadership and commitment to the training of a growing number of students and the development of the best physiotherapy professionals in Mexico and Latin America.
Santamarina + Steta, with the support of the team led by Jorge Leon Orantes, Ilse Bolanos and Raziel Celis, acted as legal advisor to Galileo Global Education in this transaction.
Global economies are increasingly connected. Today, it is important to have a thorough understanding of international tax rules and risks, as markets and supply chains are traversed by tax authorities.
The Freeman Law International Tax Symposium, a virtual conference bringing together the world’s leading tax experts, along with government officials and other industry leaders, to discuss current and future trends that are reshaping the international tax landscape, will be held on October 20-21.
Is it necessary to ban private investment and participation in lithium exploitation to preserve or enhance a country's sovereignty? Will ideological principles and political decisions regarding the exploitation of natural resources and private sector participation in the economy accelerate or hinder a country's economic growth and development?
Read full article here.
La National Association of Corporate Lawyers, Colegio de Abogados – ANADE Together with other institutions, we invite you to the conference “Everything that the corporate lawyer should know about arbitration”, in which our partner, Roberto Fernandez del Valle, member of the Arbitration Commission of the Illustrious and National Colegio de Abogados from Mexico, AC, will moderate one of the discussion panels.
On October 4, Santamarina + Steta held the conference “Electrical Operation in Mexico 2022” at the Club de Industriales, a joint initiative with two organizations specializing in the energy sector in Mexico, Zettra Energía (electrical infrastructure firm) and Energy by 5 México (energy consultancy). It was an effort to have a clear overview and lines of action in light of the current conditions of the electrical sector in our country.
There, relevant information was analyzed for large energy consumers. In particular, for energy representatives from the embassies of the United States, Canada, England, Germany and France, who are the main commercial partners and investors of our country. Likewise, for the Minister Counselor of the delegation of the European Union in Mexico. In addition, chambers of commerce from different countries, associations, chambers and companies that are large energy consumers that operate in the country; developers of industrial parks and infrastructure projects.
Also before the energy commissions of private organizations and associations of the industrial manufacturing, auto parts and steel sectors.
The main aspects of infrastructure, financial engineering and regulation of the electricity sector were reviewed.
The topics addressed were:
Juan Carlos Machorro, host of the event and partner in charge of the Transactional area of Santamarina + Steta, provided a perspective of the evolution of the original opening of the electric sector and then a change in government policy, with the idea of presenting the current conditions of the sector from a technical point of view, the alternatives, opportunities and challenges present. In a special way, from a legal point of view, what is happening with the issues of the self-supply regime and the current energy policy, in light of Mexico's commitments with the European Union, the US, Canada and various other countries in the region and the TPP.
“Mexico’s future lies in the corner of clean energy and investment,” he said.
Santamarina + Steta was founded 75 years ago and, since then, we have witnessed a leap forward in time towards the future of the renewal of justice in Mexico. Today, we proudly celebrate the fruits of that social commitment.
The firm's beginnings date back to 1947, a time characterized by social and political advances that forged the country's economic growth. At that time, international companies found optimal conditions in Mexico to expand their businesses, a challenge that our founding partners took on with enthusiasm: Fausto Miranda, Augustin Santamarina and Juan Steta.
Mexico is moving in a direction contrary to the sustainable industrial development and environmental protection that is taking place on a global scale, by prioritizing the generation of electric energy through fossil fuels, which puts future investments by transnational companies in the country at risk, experts warn.
“The new electricity law encourages the consumption of fuel oil for energy production, so the country is going against its commitments to continue the energy transition process and be consistent with a long-term industrial policy that is moving towards replacing the consumption of fossil fuels with green energy,” says Raymundo Tenorio, professor emeritus at Tec de Monterrey.
Unfortunately, industrial policy in Mexico currently does not have the incentives to advance in this energy transition process. “We are stuck,” he points out.
“Generally speaking, the government has opted for a strategy of first developing what it considers to be strategic sectors, that is, the part of electric energy linked to the oil sector, since it considers them to be key elements where the State must have a solid participation, and so it has opted to strengthen those areas before continuing with the green energy strategy,” explains José Luis de la Cruz, director of the Institute for Industrial Development and Economic Growth, AC (Idic).
In Tenorio's opinion, the above affects in principle the relationship with the main commercial partners of the Treaty between Mexico, the United States and Canada (T-MEC), because it contemplates that the presence of companies in the three countries must follow a coordinated energy policy.
This means that the production of energy consumed in industry to export intermediate and final goods in the three countries should move towards an increasing share of renewable sources. “In this regard, the United States and Canada are more committed to doing so, but Mexico is not,” Tenorio points out.
He believes that this situation puts future investments in the country at risk since current decisions have reorganized the electricity market, giving priority to energy produced by CFE and leaving renewable energy supplies to last.
Foreign direct investment in Mexico for electricity generation has plummeted in recent years, from $4 billion in 799 to just $2018 million in 584.
Risk analysis
In addition to being in a consultation situation under the USMCA, the measures of the current administration seriously undermine the country's commitments on climate change, profiling Mexico as a regional leader in the increase of the carbon footprint and global warming, warns Juan Carlos Machorro, partner in charge of the transactional practice and expert in energy matters at the law firm Santamarina y Steta.
“In its report Roadmap for Climate Action in Latin America and the Caribbean 2021-2025, the World Bank indicates that Mexico and Brazil account for more than half of the regional greenhouse gas emissions generated by the energy sector, agreeing that transmission and distribution infrastructure must be improved, and electricity generation, storage and smart grid solutions must be diversified,” it notes.
The World Bank study warns that reliance on carbon-intensive systems must be avoided and that countries that continue down the path of short-term expansion of investments in fossil fuel technologies face the increasing risk that future climate change mitigation actions will create stranded assets.
Machorro mentions the great development opportunities that Mexico has if it takes advantage of its clean energy potential and the investments and profits that could be generated.
The National Institute of Ecology and Climate Change recently issued a study on the adoption of a package of mitigation actions to reduce polluting emissions that would allow Mexico, in addition to complying with its commitments under the Paris agreement, to obtain a gain of 157.2 billion dollars, Machorro adds. The actions involve the sectors of electric power generation, oil and gas, transportation, residential, industrial, agriculture and livestock, waste and land use, land use change and forestry. The study adds that the withdrawal of the two technologies that emit the most greenhouse gases is required: conventional steam-fired thermoelectric plants and coal-fired power plants.
Source: El Universal
The Cross-Border Guide to Crypto Assets, published by Terralex, provides detailed information and perspectives on the current state of cryptoassets in Mexico. Sergio Chagoya, Ricardo Orea, Diego Ostos and Alejandro Matute collaborated in the writing of this guide, a useful tool that allows comparing the country's legislation with jurisdictions around the world.
Check out the guide here: http://ow.ly/V3v850LfX8b
