MAY 2010 EDITION ARCHIVE
Legal Updates
PRACTIQUE LEGAL - Foreigners Retiring in Mexico
By Rene Cacheaux One of the industries Mexico hopes to develop is that of foreigners planning to retire in Mexico. For many years, Mexico has attracted foreign retirees for various reasons including its favorable climate and relatively low cost of living in the majority of cities where foreigners have established their retirement homes. Many foreign retirees have created veritable retirement communities where residents participate in common activities and share similar interests. The peso exchange... [Read More]300 PALABRAS - President Calderon Visits Washington
Opinion by Dr. Mario Melgar-Adalid Mexico's Felipe Calderon will make his first official visit to Washington on May 19 and 20, 2010. There are two key items on the agenda that will predominate in the U.S.-Mexico relations: the war against drugs and the immigration issue. President Calderon announced that he will address the immigration issue before the U.S. Congress and that his agenda will inevitably include the war against drug trafficking. With regard to the so-called war against organized... [Read More]Recent Jurisprudence - Legal Effects of Private Documents Certified by Mexican Notary Public
The First Chamber of the Mexican Supreme Court of Justice recently issued a decision in case number 33/2010 under the heading: "Private Document. A copy of a certified private document by a public attestor certifies that such public official saw the document before being reproduced in order to attest only to such document's existence on such date of attestation." In its ruling, the Supreme Court held that the date certain of a document certified by a notary public is that of the certification... [Read More]New Regulations on Environmental Audits and Self-Regulation
On April 29, 2010 the Mexican Department of the Environment and Natural Resources (SEMARNAT) published new regulations to the General Law of Ecological Equilibrium and Environmental Protection pertaining to Environmental Audits and Self-Regulation matters (the "Regulations). The Regulations create a new process of self-regulation through which entities may adopt practices that meet or exceed applicable environmental requirements, with the purpose of obtaining a certification from the Mexican... [Read More]Business & Politics Outlook
Political Thermometer - 2010 Elections and the Road to 2012
Mexican politics this year will turn on the fact that elections will take place in fifteen Mexican states. Twelve of such states will elect new governors, and all other states will elect state representatives and municipal officials, including mayors. In addition to the important races that will be decided in these states, in which almost half of the Mexican electorate (40.13%) is located, the elections will be a preview of the 2012 election in which Mexico will elect its next president. The 2010... [Read More]Economic Indicators
Mexican Economy
The Mexican economy continues to show signs of improvement. Manufacturing activity is now clearly recuperating, particularly in the automotive sector, which is responding to growing demand originating in the United States of America. According to the Mexican Automotive Industry Association (Asociación Mexicana de la Industria Automotriz or AMIA), Mexican automotive exports grew by 560,000 units in the first four months of this year, which represents a 78.7% increase over the same four-month... [Read More]Peso/Dollar Exchange Rate
The quoted exchange rate as of May 13, 2010 was $12.6000 pesos per dollar.
Mexican Stock Exchange
The Mexican Stock Exchange (BMV) closed on May 13, 2010 at 32,342.43 points.Interest Rates
On May 13, 2010, the Average Interbank Interest Rate (TIEE) for a 28-day period was at 4.9350%.Mexico IP Info
Famous and Commonly Known Trademarks
Since 2005, Mexico's Industrial Property Law (Ley de la Propiedad Industrial) has regulated specifically those trademarks that are famous and notorious among the general public, establishing special procedures through which the Mexican Institute of Industrial Property (Instituto Mexicano de la Propiedad Industrial or IMPI) may qualify and declare as famous or notorious certain trademarks. A notoriously known trademark is one that is well-known in a determined sector or commercial area of the... [Read More]