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2024 Mexican Constitutional Reform Bill: Proposed Changes for Foreign Investors in the Electricity Sector

On February 5, 2024, President López Obrador sent the Reform Initiative to the Chamber of Deputies. This, in turn, was submitted to the United Commission of Constitutional and Energy Matters for review....more

Peru's Struggle to Balance Foreign Investors' Rights and Local Communities' Demands

Introduction - Last year, Peru elected Pedro Castillo as its new President. As a candidate, President Castillo ran as a left-wing socialist from Peru's Marxist party, Perú Libre. His presidential campaign agenda was built...more

Legislative Setback to Electrical Reform in Mexico. New Target: Lithium

Last year, Mexico's President Andrés Manuel López Obrador ("AMLO") began a series of efforts aimed at reforming Mexico's electricity sector in a manner that would reverse the rights granted to private investors in 2013 (the...more

Another Sweeping Wave of Resource Nationalism in Latin America: How to Protect Your Investment

Latin America is experiencing a new wave of resource nationalism and government intervention, as more populists come to power spurred on by ideological shifts and indigenous movements....more

June Elections in Peru and Mexico Raise Specter of Further Threats to Foreign Investments

The Situation: The front-runner in Peru’s Presidential run-off election, Pedro Castillo, has vowed to extract substantially more in payments from mining companies, renegotiate tax stabilization agreements, or potentially even...more

2021 Mexican Electricity Reform: What Foreign Investors in Mexico Must Know to Protect Their Rights

The Situation: In March 2021, the reform to the Mexican Electricity Industry Law (the "Electricity Reform") came into effect. It is a material modification of the sector rules that attracted national and foreign investment to...more

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