CIP Americas covered a congressional proposal of financial reforms in Mexico aimed to increase competition in the banking sector and create incentives for lending. Critics argue that the reforms could increase consumer debt in Mexico, leading to publicly funded bailouts of foreign-owned banks.
Among the key objectives of the bill is "improving trial procedures seeking faster resolution of controversies and granting enhanced rights to lenders through the courts, which are likely to expedite collections," according to Gardere Attorneys Roberto Arena, Charles E. Meacham, Marco Nájera and Joaquín Pani of the Mexico and Latin America Practice Group.
Access to the full article can be found here.
People
Related News
June 16, 2025
In the News
Gregory Husisian on Customs Compliance Violations – 'It's a sharply increased risk profile'
Foley & Lardner LLP partner Gregory Husisian joined the SupplyChainBrain Thought Leaders episode, "Getting Ahead of Customs Compliance Violations," to describe the heightened risk environment importers face under the current trade and regulatory regime.
June 11, 2025
In the News
Foley Named Top US Firm for IP Lateral Hires by ManagingIP
Foley & Lardner LLP was named the top United States firm for intellectual property lateral partner hires in April and May 2025 based on data from ManagingIP's Talent Tracker.
June 10, 2025
In the News
Lynn Gandhi Sheds Light on Supreme Court Tax Ruling
Foley partner Lynn Gandhi commented in the Bloomberg Tax article "High Court’s Catholic Charities Case to Go Beyond Unemployment," sharing insight on the implications of a recent Supreme Court ruling in a tax case.