Beyond COVID-19: Crisis response or road to recovery?
Crisis response or road to recovery?
As part of the Mexican government's strategy to address and mitigate the impact of the COVID-19 outbreak, the Energy Regulatory Commission, or CRE, recently published (January 18, 2021) a resolution providing the suspension of legal terms and deadlines of the acts and procedures carried out before CRE. This is not the first time that CRE suspends legal terms and deadlines in connection with the pandemic.
The resolution provides the suspension of legal terms and deadlines as of January 18, 2021, until the federal or local health authorities determine that there is no epidemiological risk for opening activities related to the federal public administration.
All actions, requirements, applications or filings submitted to CRE during this period will be understood filed on the day that the suspension is lifted.
The suspension does not apply to procedures related to acquisitions, leases and services whose performance is of extreme urgency or necessary to continue with CRE's essential functions.
CRE will publish on its website the days and hours in which the operation of the filing office (oficialía de partes) and the access of individuals to the CRE offices will be authorized.
Feel free to reach out to your Norton Rose Fulbright contact for specific advice on how the COVID-19 outbreak may impact your deal and/or the performance of contractual or regulatory obligations under Mexican law.
As the global aviation industry looks towards post-pandemic recovery and less turbulent skies, it is the topic of decarbonisation that is increasingly top of everyone’s agenda. There have been a number of eye-catching announcements around the world in recent weeks, from United Airlines announcing its intention to purchase 100 electric aircraft, an increased focus on the use of sustainable aviation fuel (SAF) from several airlines, and Korean Air utilising the green bond markets.
© Norton Rose Fulbright LLP 2021