I recently wrote on the prospects of energy reform in Mexico ahead of legislation that was filed in the country this past week. You can read my piece that was published in a number of news outlets, including World Politics Review, online here.
The energy reform measure as filed is generating a fair amount of conversation both here in Mexico and across the U.S., as investors and observers consider the full extent and implications of the proposed constitutional changes.
Shortly after filing the legislation, Americas Society / Council of the Americas offered up five key points to watch as the process unfolds, and The Economist provided a good sense of the political environment. Read AS/COA’s piece here, and The Economist’s analysis by clicking.
My colleagues here at White & Case published a good analysis of the reforms. I’ve provided you an excerpt of the piece below, and you can access the full report online here. Meanwhile, Morgan Stanley, in their research publication dated August 16, returns to the topic of “Mexico’s Moment,” in light of the energy proposals.
Mexican Energy Sector Overhaul
On August 12, 2013, President Peña Nieto submitted to Congress a bill amending articles 27 and 28 of the Federal Constitution, aiming to reform the oil & gas and power sectors in Mexico (the “Bill”). The Bill is being submitted in the context of the “Pact for Mexico,” which is a pact among the three main political parties to create the consensus required to enable Congress to pass necessary structural reforms. Download the full client alert in English and in Spanish.
It’s Still Mexico’s Moment
For additional insight on the proposed reforms, Morgan Stanley’s Gray Newman offers up his own analysis in a piece that reaffirms that it’s still very much “Mexico’s moment.” He discusses the initial disappointment by some companies and investors who found the proposed reforms not sweeping enough, but ultimately suggests there is considerable promise in the President’s proposals. You can access his research here, with a special thanks to Byron Hood in Morgan Stanley’s Houston office for sharing.
In Other News
White & Case was ranked highly in the first half 2013 global M&A rankings recently issued by Thomson Reuters, as reported by The New York Times. The Firm ranked #5 by deal value and #6 by deal volume for announced worldwide mergers and acquisitions. View more on the news here.
Summer is almost over, but here are two “must reads” for your vacation or fall reading lists. Alfredo Corchado’s Midnight In Mexico is a gripping personal account that I can’t recommend strongly enough, and Shannon O’Neil’s Two Nations Indivisible offers up great perspective on why collaboration and partnership between our two countries is key.