Mexico Supreme Court Rejects Only Parts of AMLO's Electricity Law
- Majority voted central parts of Mexico law unconstitutional
- Companies can file injunctions against rejected parts of law
A Comision Federal de Electricidad (CFE) facility in Villa de Reyes, San Luis Potosi state, Mexico.
Photographer: Mauricio Palos/BloombergThis article is for subscribers only.
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.