Parts of Mexico’s controversial reform of the hydrocarbons law were suspended by a federal judge, paving the way for a significant legal battle.
Competition judge Juan Pablo Gómez Fierro, who previously was the first to suspend the entirety of a previous reform of the general electricity law, suspended the effects of the new law’s article 57 and its fourth and sixth transitory provisions.
The suspension was awarded a mere six days after the law was published in the country’s official gazette. The new electricity law was suspended even faster, two days after it was published, pending a series of appeals.
Like with the previous suspension, Gómez argued that suspending the new rules only for the company that had made the request (Grupo Base Energético) would be unfair.
“This would cause distortions in the hydrocarbons industry, affecting competition and the development of the sector, which is precisely one of the adverse effects this measure seeks to avoid,” Gómez wrote. Therefore, the suspension will have a general application.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI