New Pemex... Old Enforcement Regime? The implications of the New Pemex Statute on the Enforcement of Arbitral Awards against Pemex in the United States
Article from: OGEL 1 (2016), in Mexico's Oil and Gas Sector Reform
While the Mexican Energy Reform was announced as a major transformation of the state entity, which led to resistance in Congress from parties opposed to President Enrique Peña Nieto for considering it an intent to privatize Pemex, the reality is that Pemex maintained most of its characteristics that identified it as a state owned and controlled entity. Nevertheless, the changes in legal nature that Pemex and its subsidiaries underwent, as well as the implications of indirect ownership of its affiliate entities deserve a second look to determine the extent to which they may ...