Banking and Finance News

2020


12

May 12, 2020

Banking and Finance

RITCH MUELLER COVID-19 NEWSFLASHES

Below you will find all the relevant news up to now, related to the COVID-19:COFECE issues recommendations in relation to CENACE´s Official Communication CENACE issues an official communication to guarantee the reliability of the National Electrical System Amendments to Provisions...

13

April 13, 2020

Banking and Finance

COVID-19 Temporary Exemptions to Banking Liquidity Requirements

In the midst of the COVID-19 health emergency and related economic downturn, the Banking Liquidity Regulation Committee, comprised of representatives of the Ministry of Finance (Secretaría de Hacienda y Crédito Público), the National Banking and Securities Commission...

13

April 13, 2020

Banking and Finance

Legal Guide for COVID-19

Ritch Mueller participated in the preparation of the Legal Guide for COVID-19 coordinated by Estándares Pro Bono México, Fundación Barra Mexicana, A. C. , Appleseed México and Centro Mexicano Pro Bono, A. C. , with the support of the Instituto de Investigaciones...

07

April 07, 2020

Banking and Finance

Newsflash - Administrative order to terminate public trusts, public mandates and similar instruments

On Thursday, April 2, 2020, Andrés Manuel López Obrador, President of the United Mexican States, ordered the publication in the Official Federal Gazette (“DOF”) of a decree directing the termination of public trusts (but only in respect of public trusts that do not have...

03

April 03, 2020

Banking and Finance

Newsflash - COVID-19 - CNBV issues recommendation regarding the payment of dividends, repurchase of shares and other benefits of stockholders of banking institutions

With the purpose of strengthening banking institutions in Mexico, on March 31, 2020, the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (“CNBV”), issued a recommendation so that such institutions abstain from paying dividends, repurchasing...

03

April 03, 2020

Banking and Finance

Newsflash - CNBV issues special accounting treatment for banks

On March 25, 2020, in an effort to mitigate the economic effects of the COVID-19 health contingency and in response to requests made by financial institutions in Mexico, the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (“CNBV”), issued...

03

April 03, 2020

Banking and Finance

COVID-19 NEWSFLASHES

Below you will find relevant news related to the COVID-19:CNBV | Recommendation regarding the payment of dividends, repurchase of shares and other benefits of stockholders of banking institutions  CNBV issues special accounting treatment for banks Compliance and Anti-Money Laundering...

02

April 02, 2020

Banking and Finance

Newsflash - COVID-19 – Declaration of Sanitary Emergency due to Force Majeure

On March 30, 2020, the National Health Council published a decree in the Official Federal Gazette (the “DOF”) pursuant to which it declared the epidemic generated by the COVID-19 disease as a state of sanitary emergency due to force majeure and authorized the Ministry of Health to...

02

April 02, 2020

Banking and Finance

Ritch Mueller represented BBVA Bancomer in connection with a loan from Rassini

Ritch Mueller represented BBVA Bancomer in connection with a senior secured loan agreement entered into by Rassini, for a total amount of USD$470 million to refinance existing debt. Read noteOther media: Global Legal Chronicle...

26

March 26, 2020

Banking and Finance

Newsflash - COVID-19 – Potential Effects on Contractual Obligations

As the effects of COVID-19 pandemic continue to be felt across the globe, many governments have implemented measures aimed at preventing the spread of the disease. Such measures may have significant impacts on the ability of parties to perform their obligations pursuant to international commercial...

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