We are proud to share that Creel, García-Cuéllar, Aiza y Enríquez S.C. was recognized as "National Law Firm of the Year- Mexico" for the second consecutive year and for the eighth time since 2007, and was also recognized as "National Corporate / M&A Firm of the Year- Mexico" by International Financial Law Review (IFLR) in its 2020 edition of the IFLR Americas Awards announced on May 14, 2020.
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Con la finalidad de mitigar y controlar los riesgos a la salud que implica el Covid-19, el Servicio de Administración Tributaria (SAT) publicó en el Diario Oficial de la Federación la Primera Resolución de Modificaciones a la Resolución Miscelánea Fiscal para 2020, donde se prevé la suspensión del cómputo de plazos y términos legales de diversos procedimientos y actos de fiscalización del 4 al 29 de mayo de 2020.
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Few pieces of regulation come to mind that have drawn more hours of interpretation by lawyers, managers and businessmen over the brief span of three weeks. The “Order to establish the extraordinary measures to respond the sanitary emergency caused by the SARS-CoV2 virus” issued by the Ministry of Health on March 31, 2020 (the “March 31 Order”) is one of those rare cases.
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During the current health crisis, in order to provide support with useful legal information for Mexicans, Creel participated in the creation of the "Legal Orientation Guide for COVID-19 Derived Affectations". This project was coordinated by .Estándares Pro Bono México, Fundación Barra Mexicana, Appleseed Mexico, Centro Mexicano Pro Bono, which also counted with the support of the Legal Investigations Institute of UNAM.
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In light of the emergency situation in Mexico related to COVID-19, and the social distancing measures dictated by the Mexican Government, the National Banking and Securities Commission (the “CNBV”) issued a resolution (the “Resolution”) to grant temporary administrative easing measures to issuers of securities in the Mexican market[1] (the “Easing Measures”).
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The directors of a Mexican publicly-traded company must maintain a very proactive involvement in the management of the COVID-19 crisis. In their supervisory role, under the Securities Market Law (Ley del Mercado de Valores, or LMV), they must ensure that the management team gives priority to the safety and well-being of its employees, and implements a plan for the continuity of the Company’s operations.
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On 30 March 2020, the Mexican General Health Council (Consejo de Salubridad General) declared the epidemic of the disease generated by the COVID-19 virus a “sanitary emergency for reasons of force majeure”, and established as part of the measures to mitigate the spread and transmission of the virus the immediate suspension of non-essential activities in the public, private and social sectors from March 30 to April 30, 2020.
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The Federal Economic Competition Commission (the “COFECE”) published its opinion on the application of the Mexican Competition Law in the context of the COVID-19 epidemic, as well as the declaration of the Federal Government to initiate phase 2 in Mexico.
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