Court Suspends Amendment To Mexico's Energy Industry Law

Law360 (March 11, 2021, 7:59 PM EST) -- A Mexican court has temporarily suspended a controversial amendment to the country's electrical industry law that would prioritize energy from the national power company over the private sector, a regulatory change that experts warn could trigger an avalanche of investor-state claims.

The federal court's order on Thursday puts a temporary hold on the amendment, which came into force on Wednesday after being published in the country's official gazette the day before, according to Von Wobeser y Sierra SC founding partner Claus von Wobeser, who is also president of the Mexican chapter of the International Chamber of Commerce.

The amendment, put forward...

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