This GT Alert describes the most relevant aspects of the Initiatives of the Secondary Laws implementing the Energy Reform, submitted to the Mexican Congress on April 30, 2014.
Background
On December 20, 2013, the Federal Official Gazette (DOF) published the amendments to the Mexican Constitution for energy-related matters (the Constitutional Amendments). These amendments became effective the day after their publication.
In accordance with the Constitutional Amendments, it was established that the Mexican Congress shall perform the appropriate adjustments to the legal framework within 120 calendar days after the entry into force of said Constitutional Amendments.
On April 30, 2014, the President of Mexico presented to the Senate, for its review and approval, the Initiatives of the Secondary Laws to implement the Constitutional Amendments (the Initiatives).