Data & Intelligence

Legal Reforms Against Corruption Were Published in Mexico

By José Antonio Coto, White & Case LLP

On July 18, 2016 a group of laws that comprises the legal framework that will make effective the public strategies and policies for fighting corruption and impunity, were published in Mexico. The objective of this legal reform is to achieve full coordination of the efforts of the Federation, the States of the Federation, municipalities and the government of Mexico City, to prevent, investigate and punish administrative violations and corruption by public officers and by private parties involved.

The new legal framework aims to strengthen the supervision of public officers by the auditing authorities through different mechanisms, including the creation of the National Anticorruption System and, among other improvements, it sets forth a new process for the imposition of penalties or fines to public servants for violations to their applicable obligations, including the participation of an Administrative Court to penalize severe violations. In addition, the new legal framework sets forth a list of specific violations that could be committed by private parties in their interaction with the government.

This new legal framework brings the attention to the public agenda against corruption in Mexico. Its content will be important especially for companies who interact with public officials, whether because they operate under public agreements with different governmental entities, or because they operate in regulated sectors of the economy, among other scenarios.

EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company