OSUNA GONZALEZ Y ASOCIADOS, S.C.
ABOGADOS - ATTORNEYS AT LAW
A Mexican Law Firm Specializing in Cross-border Dispute Resolution and Arbitration
Monday July 14, 2014
Yesterday President Enrique Peña Nieto published the New Telecommunications Law in the Federal Gazzette. From the consumers perspective, the new law promises to make the telecommunications market more competetive by eliminating long distance fees starting January 2015. It also promises to ease cell phone number portability by faciliting transfer to a new cell phone provider within 24 hours.
From the investors side, the New Law seeks to promote investment in the sector. Along with changes brought by the new Telecommunications Law, the Foreign Investment Law was ammended to allow for foreign investment in the telecommunications sector.
From the perspective of law enforcement, the new Law has clear obligations for the providers of cell phone service to provide real-time geolocation if requested by competent authorities
Read article published in El Universal by clicking here.
If you are interested in downloading the full statute you can find it here only in Spanish.
July 3, 2014
The Tijuana Newspaper Frontera published an article describing how there are 13,000 apartments in the Baja coast waiting to be purchased, that were left over from the 2009 real estate market crash. A total of 46 projects remain idle, waiting for construction to restart.
The article does show a glimmer of hope. It talks about sales increasing 10% from last year. What would definitely give sales an important boost would be for Mexico to finally get rid of the restriction to foreign ownership of property in the coast provided for under Article 27 of the Mexican Constitution. Though the ammendment was passed by the lower house on April 23, 2014, the Mexican Senate would need to approve, followed by the approval by each of the State Legislatures.
To read the full article click here.
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