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services corporation that gives legal assist for individuals and businesses in
all states in Mexico.
The Firm operates a network of attorneys in 45 major cities of Mexico.
all states in Mexico.
The Firm operates a network of attorneys in 45 major cities of Mexico.
Pension Fund Administrators.
Social security systems based on saving and individual capitalization
PENSION FUND MANAGERS.
In 1997 the Mexican pension system was transformed from a pay as you go to a
private scheme of individual capitalization (defined benefit – DB – to defined
contribution – DC -). The reform was implemented in order to face demographic
challenges and ensure the future financial sustainability of pensions.
Each worker owns an individual account in which contributions are mandatory for
the employer, the government and the employee.
The National Commission for the Pension System (CONSAR) is the regulator
and supervisor of Mexico’s pension system and its main objective is to regulate
AFORES.
AFORES are private financial institutions in charge of the administration and
investment of retirement savings. (Fuente: www.consar.gob.mx)
By 2015, Mexican Afore pension fund managers will likely have amassed some
US$250 billion in assets, converting themselves into the largest pension managers
in Latin America. Long-awaited regulatory changes - permitting the Afores to
invest internationally beginning in early 2005 - signify one of the most long-
awaited and important opportunities for global money managers and brokerage
firms that seek to expand their business in the region.
The opening of the Afore market complements an extremely liberal set of
international investment rules for Mexico’s US$35 billion mutual fund industry
and plans for a liberalization of insurance-company portfolio rules to permit
allocations outside Mexico. Combined, the asset management marketplace in
Mexico could easily be halfway to a trillion dollars in just over a decade. (The
Fund Pro).
SIEFORES. MEXICAN PENSION FUNDS
While a world of possibility presents itself, the common predicament facing
portfolio management teams from the three industries (Afores, insurance
companies and mutual funds) will be understanding and managing risks in the face
of so many new investment opportunities. Relationship-building with global
advisors will become vital as the managers gain proficiency in previously
unexplored areas dealing with international asset allocation strategies, passive vs.
active investing, monitoring of outside advisors and daily positions, and hiring
custodians, just to name a few.
Also weighing on the era of change in the still-young pension industry is the
splitting up of core pension funds into sub funds with varied risk profiles, similar
to the multifunds system in Chile. Following the implementation of this system in
Mexico, the Afores may need to step up the outsourcing of security selection, as
has occurred in Chile, where allocations to international managers tripled within
two years of the launch of the multifunds system.
CONSAR
COMISIÓN NACIONAL DEL SISTEMA DE AHORRO PARA EL RETIRO
With a stable government and economy, a growing asset management business,
and the gradual implementation of regulations designed to add transparency,
efficiency and flexibility, the Mexican pension fund industry is preparing for an era
of great opportunity and expansion.
IMSS
Instituto Mexicano del Seguro Social
ISSSTE
Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado
INFONAVIT
Instituto del Fondo Nacional de la Vivienda para los Trabajadores
ENVIRONMENTAL LAW
In today's world environmental law affects just about every type of investment.
Making sure your investment complies with these laws is important in order to
avoid fines and delays. We can assist you in determining how the environmental
laws of Mexico will affect your business and assist you in acquiring the necessary
permits to carry out your operations.
CORPORATE LAW
We offer of full range of corporate law services including setting up corporations,
partnerships, non profit and charitable organizations, mergers, spin-offs,
registration of minutes and minutes book maintenance, annual and extraordinary
meetings, board meetings and minutes, granting of powers of attorney,
government filings and permits, as well as any other administrative assistance
needed to maintain a Mexican corporation in good standing. Besides general
maintenance of corporations, we can provide you with assistance and legal consul
regarding corporate law, shareholders rights and obligations, administrator
obligations and liabilities and in general provide general counsel to either the
individual shareholder, administrator, board of directors or the corporation
regarding corporate law matters. If you are not sure of the standing of your
corporation with the government, we can run the necessary searches or conduct
the necessary studies to determine any pending business the corporation has to
do to be in good standing as well as assist you in rectify any late or absent
permits or authorizations.
When investing in a foreign country it is very important that you understand: 1)
What type of agreement you are signing and 2) What your rights and obligations
are under the terms of the agreement. Many times foreigners will sign agreements
in Spanish without fully understanding the implications of what they are signing.
When this happens, the outcome of the agreements is often not favorable for the
investor. We recommend that any time you sign an agreement in a foreign country
you understand the intent of the agreement as well as the legal ramifications of the
entire agreement. As Mexican lawyers We have assisted foreigners and Mexican
nationals all over Mexico in negotiating and signing the types of agreements that
best fit the intent of the parties.
Some of the types of agreements our Director General worked on include:
property sales agreements, rental agreements, leasing agreements, mortgages,
lines of credit, bonds, construction agreements, government contracts, labor
agreements, stock agreements, corporate merger agreements, conciliation
agreements, joint ventures, stock options and any others.
IMMIGRATION
Business Immigration and Executive Transfer
LABOR LAW
Employment Litigation;
General Employment Advice;
Executive Compensation and
Employee Benefits
ANTITRUST LAW
REAL STATE. LEGAL CONSULTANCY.
TRAINING DIVISION
Social security systems based on saving and individual capitalization
PENSION FUND MANAGERS.
In 1997 the Mexican pension system was transformed from a pay as you go to a
private scheme of individual capitalization (defined benefit – DB – to defined
contribution – DC -). The reform was implemented in order to face demographic
challenges and ensure the future financial sustainability of pensions.
Each worker owns an individual account in which contributions are mandatory for
the employer, the government and the employee.
The National Commission for the Pension System (CONSAR) is the regulator
and supervisor of Mexico’s pension system and its main objective is to regulate
AFORES.
AFORES are private financial institutions in charge of the administration and
investment of retirement savings. (Fuente: www.consar.gob.mx)
By 2015, Mexican Afore pension fund managers will likely have amassed some
US$250 billion in assets, converting themselves into the largest pension managers
in Latin America. Long-awaited regulatory changes - permitting the Afores to
invest internationally beginning in early 2005 - signify one of the most long-
awaited and important opportunities for global money managers and brokerage
firms that seek to expand their business in the region.
The opening of the Afore market complements an extremely liberal set of
international investment rules for Mexico’s US$35 billion mutual fund industry
and plans for a liberalization of insurance-company portfolio rules to permit
allocations outside Mexico. Combined, the asset management marketplace in
Mexico could easily be halfway to a trillion dollars in just over a decade. (The
Fund Pro).
SIEFORES. MEXICAN PENSION FUNDS
While a world of possibility presents itself, the common predicament facing
portfolio management teams from the three industries (Afores, insurance
companies and mutual funds) will be understanding and managing risks in the face
of so many new investment opportunities. Relationship-building with global
advisors will become vital as the managers gain proficiency in previously
unexplored areas dealing with international asset allocation strategies, passive vs.
active investing, monitoring of outside advisors and daily positions, and hiring
custodians, just to name a few.
Also weighing on the era of change in the still-young pension industry is the
splitting up of core pension funds into sub funds with varied risk profiles, similar
to the multifunds system in Chile. Following the implementation of this system in
Mexico, the Afores may need to step up the outsourcing of security selection, as
has occurred in Chile, where allocations to international managers tripled within
two years of the launch of the multifunds system.
CONSAR
COMISIÓN NACIONAL DEL SISTEMA DE AHORRO PARA EL RETIRO
With a stable government and economy, a growing asset management business,
and the gradual implementation of regulations designed to add transparency,
efficiency and flexibility, the Mexican pension fund industry is preparing for an era
of great opportunity and expansion.
IMSS
Instituto Mexicano del Seguro Social
ISSSTE
Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado
INFONAVIT
Instituto del Fondo Nacional de la Vivienda para los Trabajadores
ENVIRONMENTAL LAW
In today's world environmental law affects just about every type of investment.
Making sure your investment complies with these laws is important in order to
avoid fines and delays. We can assist you in determining how the environmental
laws of Mexico will affect your business and assist you in acquiring the necessary
permits to carry out your operations.
CORPORATE LAW
We offer of full range of corporate law services including setting up corporations,
partnerships, non profit and charitable organizations, mergers, spin-offs,
registration of minutes and minutes book maintenance, annual and extraordinary
meetings, board meetings and minutes, granting of powers of attorney,
government filings and permits, as well as any other administrative assistance
needed to maintain a Mexican corporation in good standing. Besides general
maintenance of corporations, we can provide you with assistance and legal consul
regarding corporate law, shareholders rights and obligations, administrator
obligations and liabilities and in general provide general counsel to either the
individual shareholder, administrator, board of directors or the corporation
regarding corporate law matters. If you are not sure of the standing of your
corporation with the government, we can run the necessary searches or conduct
the necessary studies to determine any pending business the corporation has to
do to be in good standing as well as assist you in rectify any late or absent
permits or authorizations.
When investing in a foreign country it is very important that you understand: 1)
What type of agreement you are signing and 2) What your rights and obligations
are under the terms of the agreement. Many times foreigners will sign agreements
in Spanish without fully understanding the implications of what they are signing.
When this happens, the outcome of the agreements is often not favorable for the
investor. We recommend that any time you sign an agreement in a foreign country
you understand the intent of the agreement as well as the legal ramifications of the
entire agreement. As Mexican lawyers We have assisted foreigners and Mexican
nationals all over Mexico in negotiating and signing the types of agreements that
best fit the intent of the parties.
Some of the types of agreements our Director General worked on include:
property sales agreements, rental agreements, leasing agreements, mortgages,
lines of credit, bonds, construction agreements, government contracts, labor
agreements, stock agreements, corporate merger agreements, conciliation
agreements, joint ventures, stock options and any others.
IMMIGRATION
Business Immigration and Executive Transfer
LABOR LAW
Employment Litigation;
General Employment Advice;
Executive Compensation and
Employee Benefits
ANTITRUST LAW
REAL STATE. LEGAL CONSULTANCY.
TRAINING DIVISION
- Mexico City
- Acapulco
- Aguascalientes
- Campeche
- Cancún
- Ciudad del Carmen
- Ciudad Juárez
- Ciudad Victoria
- Coatzacoalcos
- Colima
- Cuernavaca
- Culiacán
- Chihuahua
- Durango
- Ensenada
- Guanajuato
- Guadalajara
- Hermosillo
- Jalapa
- La Paz
- León
- Matamoros
- Mérida
- Mexicali
- Monterrey
- Morelia
- Oaxaca
- Orizaba
- Puebla
- Poza Rica
- Querétaro
- Reynosa
- Saltillo
- San Luis Potosí
- Tampico
- Tepic
- Tijuana
- Tlaxcala
- Toluca
- Torreón
- Tuxtla Gutiérrez
- Veracruz
- Villahermosa
- Zamora
- Zacatecas
Billing.
R.G.' bills are normally prepared on the basis of time spent and the individual
lawyer's hourly rate. However, we are flexible in our fee structure, and will attempt
to tailor our fee arrangement and billing protocol to suit the particular requirements
of the client.
Invoices are normally submitted monthly, and may include expense items such as
travel, accommodation, long distance telephone calls and faxes. Most partners in
the Firm will charge an hourly rate of US$300 an hour. The hourly rate for
associates can range from US$80 up to US$250, depending on the individual
lawyer's experience.
Billing for litigation will suit the particular requirements of our clients.
R.G.' bills are normally prepared on the basis of time spent and the individual
lawyer's hourly rate. However, we are flexible in our fee structure, and will attempt
to tailor our fee arrangement and billing protocol to suit the particular requirements
of the client.
Invoices are normally submitted monthly, and may include expense items such as
travel, accommodation, long distance telephone calls and faxes. Most partners in
the Firm will charge an hourly rate of US$300 an hour. The hourly rate for
associates can range from US$80 up to US$250, depending on the individual
lawyer's experience.
Billing for litigation will suit the particular requirements of our clients.
| Secure payments. Pay Pal |
Abogados, S.C.
| México, D.F. R.G. López Jiménez Abogados, S.C. Teléfonos: (52-55) 5661-0866 (52-55) 5661-7563 (52-55) 5662-1312 Facsimile: (52-55) 1084-2744 Contacto: rg@rglopezabogados.com www.rglopezabogados.com |