On March 26, 2024, a decree was published in the Official Gazette of the Federation amending the General Law of Negotiable Instruments and Credit Transactions, allowing the issuance of electronic negotiable instruments. This reform follows the trend shown by legislators to
On March 22, 2024, the Technical Council of the Mexican Social Security Institute published agreement number ACDO.AS2.HCT .270224/35.P.DIR., through which the General Guidelines for the forgiveness of fines in the Mexican Social Security Institute were approved. The aforementioned guidelines seek to
On March 21, 2024, the Technical Council of the Mexican Social Security Institute published agreement number ACDO.AS2.HCT .270224/34.P.DIR., through which it approved the modification to Rule Five of the "General Rules for obtaining the opinion of compliance with social security
On March 13, 2024, the Mexican Supreme Court of Justice ruled on amparo in review 849/2023. As a consequence of this resolution, the content of article 37 of the Law of the Retirement Savings Systems, regarding the maximum percentage that
On March 7, 2024, NOM-006-STPS-2023 ("NOM") was published in the Official Gazette of the Federation ("DOF"). This Mexican Official Standard addresses occupational safety in facilities where storage and material handling activities are carried out through the use of machinery. The NOM
On December 28, 2023, a decree was published in the Official Gazette of the Federation amending and adding several provisions of the Securities Market Law (the "Market Law") and the Investment Funds Law (the "Funds Law"). Securities Market Law The purpose of
The National Institute of Statistics, Geography and Information (the "INEGI") has just announced that as of February 1, 2024, the value of the UMA will increase by 4.66% resulting in the following amounts: Measurement and Updating Unit 2024 Year Daily Monthly Annual 2024 $108.57 $3,300.53 $39,606.36 *All amounts are in
On December 4, a decree was published in the Official Gazette of the Federation amending and adding several provisions to the Federal Labor Law (the "Law"). The amendment to the Law is in line with the trend of improving social security
On November 23, 2023, the Mexican Social Security Institute ("IMSS") and the Ministry of Labor and Social Security ("STPS") announced the second phase of a pilot program aimed at the regularization of the companies ("Companies") registered in the Registry of
On November 23th, 2010, NOM-037-STPS-2023 was published in the Official Gazette of the Federation, which establishes the labor obligations arising from the reforms to the Federal Labor Law that took place in 2021, regarding teleworking. The provisions of this norm apply