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Dadparvar
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On Friday, a Mexican court issued a definitive suspension against the new electricity law that aims to strengthen the state-run company, Comision Federal de Electricidad (CFE).
The law is supported by President Andrés Manuel López Obrador, who wants to increase state control of the energy market. President López Obrador claimed that under the previous administration, the electricity market was skewed in favor of private operators.
Bimbo and Walmart Inc. filed legal challenges against the law, and two unnamed companies requested the freeze of the law. The U.S. Chamber of Commerce expressed concern that the new law violates the U.S.-Mexico-Canada Agreement (USMCA) and may create a monopoly in the electricity sector.
The injunction will be in place until the case is decided on its merits. The judge asserted that the injunction was necessary “to prevent economic damage to the electricity sector, to ensure competition, and to protect the environment.”
President López Obrador called for the Supreme Court to resolve the issue. President López Obrador stated “if it’s declared unconstitutional then the interest of private businesses win out. If the judges don’t act with justice, they must be denied the right to speak.”
If appealed to the Supreme Court 11 judges must vote against the law to rule it unconstitutional.
The post Mexican court suspends new electricity law appeared first on JURIST - News - Legal News & Commentary.
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The law is supported by President Andrés Manuel López Obrador, who wants to increase state control of the energy market. President López Obrador claimed that under the previous administration, the electricity market was skewed in favor of private operators.
Bimbo and Walmart Inc. filed legal challenges against the law, and two unnamed companies requested the freeze of the law. The U.S. Chamber of Commerce expressed concern that the new law violates the U.S.-Mexico-Canada Agreement (USMCA) and may create a monopoly in the electricity sector.
The injunction will be in place until the case is decided on its merits. The judge asserted that the injunction was necessary “to prevent economic damage to the electricity sector, to ensure competition, and to protect the environment.”
President López Obrador called for the Supreme Court to resolve the issue. President López Obrador stated “if it’s declared unconstitutional then the interest of private businesses win out. If the judges don’t act with justice, they must be denied the right to speak.”
If appealed to the Supreme Court 11 judges must vote against the law to rule it unconstitutional.
The post Mexican court suspends new electricity law appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.