Mexico Law Blog

Recent Posts from Mexico Law Blog

• Bidding for Tulum Airport Concession To Open Before October 31, 2008

  The bidding for a concession to construct and operate a new airport to be located near the coastal hamlet of Tulum, Quintana Roo, is expected to open before October 31, 2008, according to a Ministry of Communications and Transportation (Secretaria…

• Government Releases Call for Bids for Punta Colonet Port Development

  The Diario Oficial de la Federacion (Official Federal Daily) today issued the official call for bids for the Punta Colonet port development project, a copy of which is available here. The concessions to be granted simultaneously pursuant…

• Interjet Slots at Benito Juarez (Mexico City) Airport to be Auctioned

  The slots of Mexican low-cost start-up airline Interjet at Benito Juarez International Airport in Mexico City will be sold at public auction in 90 days, according to a report in today’s El Financiero.  The report…

• Best Buy to Invest US$400 Million to Open 20 Stores in Mexico

  Best Buy will invest US$400 million in Mexico over the next three years to open its first 20 stores in the country, according to a report in today’s El Financiero.  Eduardo Garcia Fabregat, the CEO of Best Buy’s…

• Chrysler México to Lay Off 300 Workers at Coahuila Plant

  Chrysler Mexico announced that it would lay-off 300 workers from its Derramadero, Coahuila plant because of decreasing demand for pick-up trucks in the United States, according to a report in today’s El Financiero.  The report said that Chrysler…

• Mexican Real Estate 101: The Restricted Zone

  Clients often ask about the restrictions on foreign ownership of Mexican coastal and border real estate.  Here are the basics: 1.   Article 27 of the Mexican Constitution prohibits foreign (i.e., non-Mexican) ownership of: (A) Land…

• U.S. Exporters of Electric Equipment Take Note: Ex-Im Bank Has Provided $80 Million Guarantee to Mexico’s Federal Electricity Commission

  The Export-Import Bank of the United States announced on August 27, 2008 that it had approved a US$80 million medium-term credit guarantee facility to provide financing for up to 85% of purchases of equipment and services by…

• Calderón Announces Bidding for Punta Colonet Port Infrastructure Project; Terms to be Released Next Week

  Mexican President Felipe Calderón officially announced the bidding for the Punta Colonet multimodal project today, according to a Ministry of Communications and Transportation (Secretaria de Comunicaciones y Transportes) press release.  The project will be located about…

• Best Buy to Open First Mexican Store in October

  Best Buy will commence its operations in Mexico upon the opening of its first retail store in the country in October 2008, according to a report in El Financiero today.  The store will be located in…

• Live Nation, Inc. and CIE Enter into Five-Year Exclusive Distribution Agreement

  Live Nation, Inc. (NYSE: LYV) announced yesterday that it has entered into a five-year exclusive distribution agreement with Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (CIE) (BMV: CIE), and T4F (Time For Fun), extending Live…