Bankruptcy and Restructuring Articles

February 27, 2012

New Law on Public Private Partnerships

On January 16, 2012, the Official Journal of the Federation published a Decree promulgating the Public Private Partnership Law (LAPP, for its acronym in Spanish) and amending the Public Works and Related Services Law with such, among other provisions. In accordance with LAPP, its purpose is to regulate the framework for the development of projects by public private partnerships, subject to articles 25 and 134 of the Constitution of the United Mexican States. Furthermore, under the LAPP, public private partnership projects are defined as those created under any framework to establish a contractual long term relationship between entities in the public and private sectors for the provision of services to the public sector or the end user using infrastructure completely … read more

October 12, 2009

New Urban Development Law for the State of Nuevo Leon

On September 9, 2009, the Official Newspaper for the State of Nuevo Leon published the new Urban Development Law for the State of Nuevo Leon (“UDL”), which will become effective on November 8, 2009. The UDL provides, among other new provisions, the following: i) Dedicated land: the UDL preserves the concept of dedicated land for the development of real property as well as the construction of real property on 7% to 17% of such dedicated land outside the limits of a subdivision, depending on the existing land use of the dedicated land. Nevertheless, the UDL mandates that 17% of dedicated land must be subdivided with constructions with more than 5,000 square meters each, independently of the existing land use. The … read more

May 14, 2008

Constitutional Reforms Enacted for Multi-Year Infrastructure Investment Projects

On April 9, 2004 the Decree Establishing Rules for Carrying Out Projects to Provide Services was published in the Official Journal of the Federation, which is also known as PPS. This Decree allows the federal government to enter into contracts with private investors on long-term investment projects and service contracts for governmental infrastructure projects. In this manner, according to the Decree, the Mexican federal government may engage in PPS investment projects, providing greater security to investors because governmental budgets will be able to include long-term payment obligations for the current and successive fiscal years. The Decree, however, was not granted at the constitutional level and was subject to potential challenge. Therefore, on May 7, 2008 an amendment to Article 74 … read more