Raúl Romero
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Raúl Romero
Partner
Rodríguez Dávalos Abogados
Rodríguez Dávalos Abogados is one of the fastest-growing law firms in the energy segment, providing services for the energy and infrastructure sectors
Jimena Elizondo
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Jimena Elizondo
Senior Consultant
Rodríguez, Dávalos Abogados
Rodríguez Dávalos Abogados is one of the fastest growing law firms, providing integral services for the energy and infrastructure sectors.
Roundtable
Jesús Rodríguez
Jesús Rodríguez
Founding Partner
Rodríguez Dávalos Abogados

Filing lawsuits against PEMEX was not advisable due to the complexity of the situation. The fault does not lie with PEMEX because it was a public finance issue. PEMEX and CFE’s treasuries are run by the Ministry of Finance and companies should understand the risks when they agree to do business with them. The first influencing factor was the drop in oil prices, which changed drastically after many contracts had already been signed. Secondly, the previously strained relationship between PEMEX and the Ministry of Finance negatively impacted the NOC’s ability to make payments. PEMEX has now started to pay providers, focusing its efforts on smaller companies. This causes issues because if the larger companies are not paid there is a chain reaction and they cannot pay their subcontractors.

Hit by severe liquidity problems, PEMEX was US$8.5 billion in debt with its suppliers at the end of 2015.
To be an effective law firm in Mexico, deep knowledge of the country is required
Analysis
Mexico's oil and gas businesses are experiencing unprecedented change as they grapple with a looming labor shortage and a shift in corporate…
mef 2016
News Article
Mexico Energy Forum 2016: Natural Gas and Power Generation panel highlights
Jesús Rodríguez
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Jesús Rodríguez
Partner
Rodríguez, Dávalos Abogados
To promote transparency, there are stringent restrictions regarding the interaction between members of the private sector and CNH personnel
MOGS 2015
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Mexico Oil & Gas Summit 2015: Effectively Navigating the Legal Framework for Improvement panel highlights
Jesús Rodríguez Dávalos
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Jesús Rodríguez Dávalos
Partner
Rodríguez, Dávalos Abogados
Recent months have shown a real problem for the regulators. The restrictions placed upon them have become far too stringent
JESÚS RODRÍGUEZ DÁVALOS Partner at Rodríguez Dávalos Abogados
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Jesús Rodríguez Dávalos
Partner
Rodríguez Dávalos Abogados
The first results will become evident in the form of new infrastructure
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