February 28, 2021

Volume XI, Number 59

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February 26, 2021

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February 25, 2021

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Mexico to Close All ProMexico Offices Abroad Early This Year

Eleven years after its formation, ProMexico, a subdivision of the Mexican Secretariat of Economy responsible for promoting international trade and investment into Mexico, will be closing all of its foreign offices early this year. Such closures include ProMexico’s United States offices in Atlanta, Chicago, Dallas, Detroit, Houston, Los Angeles, New York, San Francisco and Washington, D.C., among others. Other ProMexico foreign offices to be closed include those in Argentina, Brazil, Canada, China, Chile, France, Germany, Japan, Netherlands, Singapore, South Korea, Spain, and Sweden, among others.

All of ProMexico’s foreign offices are expected to close, and operations to fully cease, by the end of February. It is anticipated that certain of ProMexico’s foreign office responsibilities will be transitioned to other Mexican offices abroad, such as embassies and consulates.

Commonly compared to SelectUSA, ProMexico was considered a trusted ally to U.S. and foreign companies looking to invest in Mexico; it offered assistance by connecting them to a network of local representatives and overseeing their investment projects.

According to a statement in October 2018 by the National Promotion office of ProMexico, ProMexico is involved in negotiations or oversight of investment projects with over 30 companies, many of which include more than one project per company.

The Mexican government is expected to issue more definitive guidance on such transition in the near future.

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© 2020 BARNES & THORNBURG LLPNational Law Review, Volume IX, Number 4
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Margarita Escalante Corporate Lawyer Latin America
Associate

Margarita Escalante assists clients in domestic and international corporate matters and commercial transactions including mergers and acquisitions, joint ventures, corporate governance and compliance, with a focus on the U.S., Mexico and Latin America.

Margarita counsels clients in doing business and in limiting risk and exposure throughout the United States and Mexico, particularly with regards to structuring, establishing or acquiring operations, including overseeing tax, labor, real estate, import and export, franchising, anti-corruption, and general corporate matters.

...

312-214-5604
Peter A. Morse, Jr., Barnes Thornburg Law firm, Indianapolis and Washington DC, Labor and Employment Law Attorney
Partner

Pete Morse is a partner and the administrator of the Labor & Employment Department in Indianapolis, the firm’s largest office. He also co-chairs the firm’s Global Services Practice Group, serves on the firm's Management Committee, and most recently was appointed to serve as Honorary Consul to the country of Japan.

Cited in The Best Lawyers in America as a "Lawyer of the Year" on multiple occasions, Pete represents employers in virtually all aspects of labor and employment law for a broad client base, including private and public...

317-231-7794
Timo Rehbock International Corporate Lawyer Barnes Thornburg Law Firm
Partner

Chair of the firm’s European practice group, Timo Rehbock advises on domestic and international corporate and commercial matters. His experience ranges from general commercial contracts to private equity and venture capital investments, mergers, acquisitions, restructurings, financings, and strategic alliances.

Timo has a strong domestic and an established international corporate and commercial law practice. He has more than a decade of experience in representing clients on complex inbound and outbound matters. Fluent in English, German, French, and Spanish, Timo advises clients on...

312-214-4592
Christine McCarthy Intellectual Property Lawyer
Partner

Christine H. McCarthy is a partner in the Intellectual Property Department in Barnes & Thornburg's Washington, D.C., office. With experience working in government as well as in private and legal-services sectors, Christine's practice includes virtually all aspects of intellectual property including patent, trademark, copyright, trade secret, Internet law, and copyright and patent licensing.

Using her degree in electrical engineering and physics, Christine primarily concentrates on technology areas of telecommunications, wireless infrastructure and applications, software and...

202-371-6371
Michael K. McCrory, Barnes Thornburg Law firm, Indianapolis, Bankruptcy Attorney
Partner

Michael K. McCrory, a partner in the Indianapolis, Indiana office of Barnes & Thornburg LLP, is the Indianapolis Administrator of the Finance, Insolvency and Restructuring Department and a member of the Corporate Department. He has served on the firm’s Management, Recruiting, and Client Relations Committees.

His practice includes business, commercial, bankruptcy, and creditors’ rights issues, including workouts and loan restructurings, representation of secured and unsecured creditors and creditors’ committees in bankruptcy cases, real estate foreclosures, repossessions and...

317-231-7267
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