Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Author:
Global | Publication | July 23, 2018
On May 18, 2018, Petróleos Mexicanos (“PEMEX”) approved and published in Mexico’s Federal Register (Diario Oficial de la Federación) the new “General Procurement Rules and Standards for Pemex and Subsidiaries” (Disposiciones Generales de Contratación para Petróleos Mexicanos y sus Empresas Productivas Subsidiarias) (“New Rules”).
The New Rules replace PEMEX’s previous procurement standards and procedures in their entirety, and are applicable to PEMEX and its subsidiaries. PEMEX’s affiliates, however, are excluded from the scope of application of the New Rules and will be subject to PEMEX’s board resolutions.
With the New Rules PEMEX takes a step forward into international practices of compliance and sets a new standard for contractual procedures in the Mexican oil and gas industry. It is expected that other Mexican government agencies will follow PEMEX's lead in compliance efforts.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
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