• MEX GVT Conamer issued draft agreement amending rules on foreign investments.
• Follows MEX GVT June 2020 draft rules on procedures before registry.

Overview

• Aims to permanently offer promoters use of email as additional option for presentation and monitoring of legal procedures in foreign investment related matters.
• Resolution of which falls within competence of Foreign Investment General Directorate.
• Rules seek to prevent contingencies or possible failures in the Legal Affairs System.
• Also to ensure continuity in substantiation of such matters, fulfillment of the said unit functions and the Ministry of the Economy's operation in foreign investment matters.

Affected Provisions

• Amends articles first and seventh and Annex II; and adds Annex III to the Agreement establishing Legal Affairs System for Foreign Investment, rules for its use of March 2017.

Effectiveness

• The agreement will enter into force upon official publication; ongoing procedures at that date will follow provisions in force on commencement date until their conclusion.