Mexican Judge declares legal cap on Profit Sharing unconstitutional
Mexican judge granted early August 2023 an injunction to a Mining Union against the legal limit on profit sharing payments in the mining sector. This ruling could lead to a new adjustment in profit sharing payments, highlighting the potential unconstitutionality of the cap enforced in the sector.
G2K Acquired by ServiceNow
ServiceNow looks to transform retail IoT and beyond with G2K acquisition.
Mauricio Foeth as Mexico counsel has been part of the German Start-Up G2K team in its acquisition by ServiceNow (NYSE: NOW). This move brings German AI-powered innovation to transform retail and beyond. G2K’s smart IoT technology is set to revolutionize how businesses leverage real-time data for smarter decision-making. Digital workflow company ServiceNow has signed an agreement to acquire artificial intelligence (AI) powered platform G2K to transform retail and other industries in order to better connect data streams back into central IT operations to bridge the physical and digital worlds together.
Establishing a Company in Mexico
If you are considering establishing a company in Mexico, there are certain steps and requirements you need to be aware of. To proceed with the incorporation of the Mexican entity, this article provides a brief overview of the company forms and documents that are required.
New Mexico Home Office Standard Applicable December 2023
In an evolving world, where technology has become an integral part of our lives, the concept of remote work has gained increasing popularity. Recognizing the significance of this trend, the Mexican government has introduced a new standard, NOM-037-STPS-2022, to regulate and provide guidelines for the implementation of home-office policies for both employees and employers. This standard requires risk prevention measures to be adopted in workplaces where employees carry out their activities at home to prevent accidents and diseases and to promote a safe and a healthy environment in the environment.
New vacation regulation in Mexico
On January 1, 2023, the reform to the Federal Labor Law regarding Dignified Vacations went into effect.
Workers will have the right to take 12 consecutive days instead of previously 6 days. If an employer coerces them to take six days, they can file a lawsuit.
Mexico‘s Current Electricity Regulations & Policy
31st Annual Meeting 2022 of the German-Mexican Lawyers Association (DMJV) in Munich, October 6-7, 2021 at the premises of the law firm Hogan Lovells in the presence of the Mexican Consul Cecilia Villanueva.
Speech by Dr. (UNAM) Mauricio J. Foeth on the topic:
"Mexicos energy sovereignty policy: Forward to the Past?"
Taxavo at Austria Connect 2022 Mexico-Labor Law
AUSTRIA CONNECT 2022- THE FIRST CONFERENCE FOR AUSTRIAN COMPANIES IN MEXICO
Presentation by Dr. Mauricio Foeth to Austrian companies on
"Mexican Labor Law"
TAXAVO was a proud Silver Sponsor of the first edition of Austria Connect 2022, which took place on September 26, 2022 in Mexico City at the Club de Industriales.
Foreign Direct Investment, Restrictions
FOREIGN DIRECT INVESTMENT, RESTRICTIONS AND PRIVATIZATION: THE MEXICAN REGULATORY EXPERIENCE
This article studies Mexico‘s evolution from a protected economy in the 1970s to the free market economy of today. It also presents the different political and economic stages of this process, as well as the important changes made to laws on foreign investment in preparing for the North American Free Trade Agreement (NAFTA), the Mexico-European Union free trade agreement and other bilateral agreements on investment promotion and protection. This has also led Mexico to privatize its economy, its banks and telecommunications in particular. This article also explains the legal framework for this privatization and presents an outline on the possible opening of the electricity sector.