The revenue budget estimated for 2019 is USD $277,601 million, which represents 21.1% of Mexico’s GDP. The main source of income continues to be tax revenues, whose collection represents 13.2% of the GDP, and oil revenues will represent 19.8% of the total budgetary revenues in the country.

Federal attorney Samantha Chantal Dobrowolski from the Third Regional Prosecutor's Office has assumed, until 2020, the position of member of the Federal Prosecutors at the Administrative Council for Economic Defense ("CADE").

Restructuring, Bankruptcy & Insolvency associate Tyler Ferguson (Chicago) is contributing author of this book.

With the worrying prospect of the United Kingdom leaving the European Union without an agreement on March 30, 2019, this Legal Update explores what that might mean in practical terms for the administrator of the London Interbank Offered Rate (“LIBOR”), ICE Benchmark Administration and the use of LIBOR in the international capital markets.

This week the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced two significant changes to US sanctions with consequences for the global aluminum and oil markets: sanctions lifted on UC Rusal plc, the world’s second largest aluminum producer, and two related companies; and expanded sanctions against Venezuela's state-owned oil company, Petroleos de Venezuela. This Legal Update discusses both of these actions and their implications for business.

The Department of Homeland Security (“DHS”) has posted a final rule regarding the H-1B cap selection process. The rule will be published in the Federal Register on January 31, 2019, and will go into effect on April 1, 2019.

On 30 December 2018, China's SAMR imposed a total fine of CNY 10.04 million on Hunan Er-Kang Medical Operation and Henan Jiushi Pharmaceutical for unfair pricing and other abuses of dominance in the supply of chlorpheniramine active pharmaceutical ingredients in China. This update explores how prices are considered to be unfair in China, and also comments on the finding of collective dominance.

This Legal Update discusses the many changes from the Brazilian Patent Trademark Office accompanying the arrival of 2019.

Cybersecurity and data privacy presented some of the most complex legal questions and business risks that multinational companies faced in 2018. Businesses should expect continued growth in cyber and data privacy challenges in 2019.

Transparency International released on 29 January the Corruption Perceptions Index (CPI) for the year 2018. The index ranks 180 countries and territories around the world according to their perceived levels of public sector corruption.

This update covers the key differences between the current 2004 Law on Competition and the 2018 Law on Competition, and also examines regulatory changes pertinent to the enforcement of the new law.

In this twenty-second edition, we flag and provide comment on anticipated employment law developments during the fourth quarter of 2018 and highlight some of the major legislative, consultative, policy and case law changes to look out for in 2019.