Last Updated November 12, 2018

Law and Practice

Contributed By Gonzalez Calvillo, S.C.

Authors



Gonzalez Calvillo, S.C. provides cross-disciplinary teams in the most challenging and sophisticated transactions, and has experience providing legal, business and regulatory advice to multinational and domestic companies in a broad range of practice areas. The Banking and Finance Practice Group is composed of ten partners and more than 40 professionals, providing comprehensive legal and regulatory advice to domestic and foreign clients in relation to all aspects of the banking and financial sector, across regulated and unregulated industries. Clients include high-profile names such as BANORTE, BANCOMEXT and NAFIN.

Under Mexican law, title to natural resources belongs to the state. To that end, the exploitation of natural resources typically requires an authorisation from the relevant government agency in the form of a concession or permit. Generally, the latter is usually only granted to Mexican entities. Likewise, and depending on the specific resources, there are restrictions for private players to participate in activities across the spectrum (extraction, transportation, distribution, export, etc). In other words, certain activities related to the exploitation of natural resources are reserved exclusively for the state.

The payment of certain fees may also be required depending on the specific activity or natural resource being exploited. For example, private entities engaged in upstream activities are required to pay/receive a percentage (either in cash or in kind, depending on the specific contract) on the gross value/amount of the hydrocarbons produced.

Gonzalez Calvillo, S.C.

Montes Urales 632, 3rd Floor
Lomas de Chapultepec
Mexico City 11000
Mexico

+(52 55) 5202-7622

+(52 55) 5520-7671

info@gcsc.com.mx www.gcsc.com.mx
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Authors



Gonzalez Calvillo, S.C. provides cross-disciplinary teams in the most challenging and sophisticated transactions, and has experience providing legal, business and regulatory advice to multinational and domestic companies in a broad range of practice areas. The Banking and Finance Practice Group is composed of ten partners and more than 40 professionals, providing comprehensive legal and regulatory advice to domestic and foreign clients in relation to all aspects of the banking and financial sector, across regulated and unregulated industries. Clients include high-profile names such as BANORTE, BANCOMEXT and NAFIN.

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