AMLO's Efforts to Restore Dominance of PEMEX Could Prompt Investment Treaty Arbitrations
Mexican President Andrés Manuel López Obrador's new bill could harm existing investments in Mexico and violate rights afforded to foreign investors under international investment treaties and free trade agreements, King & Spalding lawyers say.
April 19, 2021 at 04:22 PM
4 minute read
The original version of this story was published on Texas Lawyer
On March 26, the president of Mexico, Andrés Manuel López Obrador ("AMLO"), sent a new bill to Congress intended to amend the Federal Hydrocarbons Law (the "Hydrocarbons Bill"). This is AMLO's latest attempt to upend the Mexican energy sector and to restore the dominance of PEMEX, the national oil company.
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