“Investors are waiting to see if U.S. President Biden will defend the interests of the North American companies that have money invested in Mexico and that are financed by development banks in North America,” Antonio Prado, seasoned international lawyer and executive at consultancy EnerSalpra, told NGI’s Mexico GPI


“There’s a lot of hope that there will be a formal declaration announced by the U.S. government because what we’re seeing would imply violations to the United States-Mexico-Canada Agreement (USMCA),” he said.

Prado, who started his own boutique energy law firm EnerSalpra in Mexico in 2020, worked previously at Holland & Knight for seven years. Before that, he was a lead lawyer at the Comisión Federal de Electricidad (CFE), the head of legal compliance...