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ARTICLE · 19 MAY 2016

Facilities To Grant New Concession Titles

Basham, Ringe y Correa, S.C.
Basham, Ringe y Correa, S.C.
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Basham, Ringe y Correa, S.C.

Basham, Ringe y Correa, S.C.

Basham is a full-service law firm with a strong presence in Latin America. Established in Mexico in...

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On May 17, 2016, the "Decree through which administrative facilities for the granting of new concessions or assignments of national waters to the users, holders of concession titles expired from January 1st, 2004 onwards" was published in the Federal Official Gazette (DOF for its acronym in Spanish).

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On May 17, 2016, the "Decree through which administrative facilities for the granting of new concessions or assignments of national waters to the users, holders of concession titles expired from January 1st, 2004 onwards" was published in the Federal Official Gazette (DOF for its acronym in Spanish).

The Decree sets forth certain administrative facilities to grant new concession titles to particular parties situated in one of the following conditions: 

  1. That they are holders of concession titles of which their validity expired as of January 1st, 2004 and the extension application was not filed. 
  2. That they are holders of expired concession titles, granted in areas where the free extraction of national waters is suspended.

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