Member Articles

Introduction 1. Background of the Foreign Investment Law and Regulations. Consistent with NAFTA, Mexico enacted a Foreign Investment Law (FIL), effective March 20, 1998, which abolishes restrictions of foreign investment in most areas. The Regulations of the FIL, effective on September, 1998, were also enacted to provide legal certainty to foreign investors. 2. General Rule: 100% of Foreign Investment Participation ...

On January 23, the Internal Revenue Service published its long-awaited final rule on intermediate sanctions in the Federal Register. Proposed regulations were published in 1998, followed by temporary and proposed regulations in January 2001. The rule implements the excise taxes on excess benefit transactions under Section 4958 of the Internal Revenue Code, which was enacted by the Taxpayer Bill of Rights ...

INS FILING FEE INCREASE: INS fee increases are effective February 19, 2002. The new INS fee for Form I-129 Petition for Nonimmigrant Workers (H-1B; L-1A; L-1B; and TN) is $130.00, an increase of twenty dollars, and for Form I-539 Application to Extend/Change Nonimmigrant Status (H-4; L-2; and TD), the new fee is $140.00. The new fee for Form I-140 Immigrant Petition for Alien Worker is $135 ...

On January 6, 2002, the Argentine Congress passed Law 25,561 (the “Law”) that revoked the convertibility regime that established the currency board system. The old Convertibility Law maintained a fixed exchange rate of 1:1 between the peso and the US dollar. In addition, on January 10, 2002, the President issued Decree 71/2002, which outlined the types of debts to be converted from US Dollars to Pesos at 1 to 1 exchange rate ...