On December 12, 2013 Mexico’s Federal Congress passed historic Constitutional reforms opening both the oil and gas and electricity sectors to private investment. Within 96 hours, the required 16 state legislatures affirmatively supported the amendment. The decree was published December 20, 2013 and became effective on December 21, 2013. As a follow on to our Client Alert “México Projects: Get Ready, Get Set . . .,” this alert summarizes the key changes in the decree.
View full memo, México Projects Part II: Off to the Races!