Mar 21, 2013

Mexico passes bill aimed at ending injunction abuses

Mexico City
March 20, 2013

Mexican lawmakers on Wednesday approved a bill to eliminate the ability of companies that operate public utilities to block regulator decisions during the court appeals process.

The Senate approved the reform with a wide majority, and it will be sent to President Enrique Pena Nieto to be signed into law. The lower house already approved the bill.

Changing the legal code governing Mexico's complex legal injunctions, the bill will affect firms with public concessions, such as telecommunications and mining companies.

Companies, such as billionaire Carlos Slim's America Movil , have used injunctions to block regulator decrees. The tool has enabled firms to extend legal battles over years and stymie the ability of authorities to improve competition.  Read more. 

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