Law360, New York (May 27, 2016, 7:02 PM ET) — The landmark legislative reforms that opened up Mexico’s energy sector after 75 years of state control have largely been implemented, with the Mexican government holding auctions for onshore and offshore oil and gas exploration, as well as new electricity projects. Energy companies and investors are flocking to the country, hoping to grab a piece of the emerging energy pie, but attorneys say they must be mindful that they’re still venturing into uncharted territory. That means adjusting to increased government involvement in potential operations compared to other countries, as well as a more complicated and expensive process to secure land or rights-of-way for projects.“In many regulatory reform processes, there will always be a learning curve,” said Benjamin Torres-Barron, who leads Baker & McKenzie’s energy, mining and infrastructure practice group in Mexico. “The learning curve doesn’t just affect investors — it affects the regulators. There’s a huge amount of legal content that has been released and designed.”Here, attorneys offer five pieces of advice for energy companies looking to do business in Mexico as reforms continue to be implemented.
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