Controversia constitucional No. 106/2009 - Suprema Corte de Justicia de la Nación(2011)
AbstractThe brief argues that the U.S. government's bailout of Citigroup fails to violate Mexican law since the U.S. government's stake was the result of a rescue operation and, accordingly, amounts to a temporary holding. Under a 20-year-old Mexican law, foreign governments cannot own banks in the country. During the midst of the financial crisis, the U.S. government bought a 34% stake in Citigroup. The court's decision may impact other financial institutions doing business in Mexico, such as HSBC, which received help from the U.K. government.
Publication DateAugust 12, 2011
Citation InformationJuan Javier del Granado. "Controversia constitucional No. 106/2009 - Suprema Corte de Justicia de la Nación" (2011)
Available at: http://works.bepress.com/juan_javier_del_granado/57/