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Controversia constitucional No. 106/2009 - Suprema Corte de Justicia de la Nación
(2011)
  • Juan Javier del Granado, Instituto de Investigaciones Jurídicas de la Universidad Nacional Autónoma de México
Abstract
The 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.
Disciplines
Publication Date
August 12, 2011
Citation Information
Juan 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/