Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

AMLO’s Power Law Survives Top Court But Key Parts Eroded (1)

April 8, 2022, 1:48 AM

Mexico President Andres Manuel Lopez Obrador’s electricity law survived a Supreme Court ruling Thursday, but justices weakened key parts of his plan to return control of the power market to state hands.

While the law wasn’t declared unconstitutional, a majority of the justices voted against its fundamental articles, setting an important precedent for companies that seek to take legal action against them in lower courts.

AMLO, as the president is known, is looking to boost the market presence of state utility Comision Federal de Electricidad, or CFE, and dial back the liberalizing reforms of his predecessor that opened ...