The GlobalData-owned brand and news outlet Investment Monitor, asks the following question: Could AMLO’s judicial reform hurt FDI in Mexico?
Mexican President Andres Manuel Lopez Obrador, commonly known as AMLO, is one step closer to passing his highly criticized judicial reform. Last week, the bill was approved by the lower house after almost 18 hours of debate.
The reform has sparked criticism from opposition parties but also legal scholars, foreign governments, and workers in Mexico’s judicial system.
A group of international companies in Mexico, including Nestle SA, AT&T Inc., and others, has urged AMLO to amend the reform so it safeguards judicial independence and commits to international trade regulations. They warn that, otherwise, the reform could spook investors.
What’s in the reform?
The most contentious part of the bill would change how judges are appointed. Rather than the current model of working their way up to higher positions through periodic reviews and evaluation committees, judges would be elected by popular vote. The current system has not been successful at punishing corrupt judges.
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