Decree Amending Several Articles of the Mexican Constitution related to Strategic Sectors and State-Owned Companies

On October 31, 2024, a decree was published amending various articles of the Mexican Constitution to strengthen the role of the State in strategic areas. This decree reclassifies CFE and PEMEX as public entities, establishes exclusive state control over lithium and the national electrical system, and designates railroads and state-provided internet as priority areas for national development. The reform also requires updates to secondary legislation, with a deadline set for April 29, 2025. If your company operates in regulated sectors, this reform may present new challenges and opportunities that are essential to understand in depth.