The leading

Aviation Law Firm in LATAM,

Serving Mexico, Panama, the Dominican Republic and Ecuador

30 years

SIERRA LATAM

We believe in high quality legal advice

High quality legal advice, equivalent to such in the most sophisticated legal services markets. We want you to realize that Mexico is equipped with world-class legal advisors who are willing and able to represent your business carefully, professionally, quickly, and with an in-depth and insightful knowledge of the law.

The ability and training of our lawyers and staff is paramount. We are deeply proud to be the standard bearer of aeronautical law in Mexico.

WHAT WE DO

Areas of expertise

Our firm is proud to provide its services in various areas of specialization to companies and entities from around the world looking to resolve their legal needs and requirements in Mexico.

Corporate Law, Joint Ventures, M&A, Foreign Investment and Corporate Governance

Litigation, Arbitration
& Mediation

Other areas of expertise

Aviation Law

Aircraft finance & Leasing

Lawfare: The Usage of Law as a Weapon of War By Carlos Sierra De la Peña.

July 2023

By Carlos Sierra De la Peña.

Cape Town Registration Filings and Sphere of Application of the Convention.

July 2023

By Jessi Saba

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Crude oil prices climbed sharply, sending airline stocks lower as investors reacted to the prospect of higher fuel costs. Shares of both U.S. and Mexican airlines declined, reflecting concerns that rising energy prices could weigh on profitability if the upward trend continues.

The market reaction underscores the aviation sector's sensitivity to fuel price fluctuations, as jet fuel remains one of the industry's largest operating expenses. Analysts are closely watching energy markets to determine whether elevated crude prices will continue to pressure transportation and travel-related companies.

SOURCE: https://www.eleconomista.com.mx/mercados/alza-crudo-impacta-acciones-aerolineas-20260708-822361.html

#OilPrices #Airlines #Aviation #StockMarket #energy
The European Parliament has approved the Modernized Global Agreement between Mexico and the European Union, marking a major step toward strengthening political, economic, and trade relations between both partners. The agreement received 479 votes in favor and now moves to the next stage, where it will be submitted to the Mexican Senate for ratification before it can fully enter into force.

The updated framework expands market access, removes tariffs on nearly all traded goods, promotes investment, and strengthens cooperation in areas such as security, climate change, and innovation. It is also expected to help Mexico diversify its trade relationships beyond North America.

SOURCE: https://www.jornada.com.mx/noticia/2026/07/08/politica/parlamento-europeo-aprobo-el-acuerdo-global-modernizado-entre-mexico-y-la-ue

#México #UniónEuropea #Comercio #Economía #acuerdoglobal
The Mexican Supreme Court, Suprema Corte de Justicia de la Nación (SCJN), ruled that judges must conduct a stronger review of potentially abusive interest rates in bank loans, including mortgage backed and commercial loans. The decision came after two cases in which a bank sought repayment of debts that included ordinary and default interest charges that borrowers argued were excessive. Rather than automatically accepting the agreed rates, courts must now analyze whether those charges could constitute usury and, if necessary, reduce them.

The ruling does not cancel debts, forgive mortgages, or automatically lower interest rates across Mexico. Instead, it establishes a constitutional standard requiring courts to examine whether interest charges are disproportionate, even in cases involving businesses and not only individual consumers. The affected cases will return to lower courts for a new review under these guidelines. The SCJN reaffirmed that bank rates initially carry a presumption of legality, but judges have a duty to intervene when there are indications of usury.

SOURCE: https://www.elimparcial.com/mexico/2026/06/29/la-scjn-fallo-en-contra-de-los-bancos-y-sus-intereses-desproporcionados-en-creditos-hipotecarios/ #SCJN #CréditosHipotecarios #Bancos #Finanzas #México
The global aviation industry is facing a widening gap between rising demand for air travel and limited aircraft production capacity. Passenger demand is projected by IATA to more than double by 2050, largely driven by growth in Asia, Africa, and other emerging markets.

Manufacturers are struggling to keep up due to supply chain issues, labor shortages, and engine production delays. Airbus highlights this imbalance, targeting 870 aircraft deliveries in 2026, but having reached only about 30 percent of that goal by May. With a backlog of more than 18,000 aircraft, airlines are forced to extend the life of older planes while waiting for new deliveries, increasing pressure across the aviation system.

SOURCE: https://a21.com.mx/opinion/despegues-y-aterriza
#aviacion #industriaaerea #aerolineas #airbus #boeing
Mexico’s airport network recorded a decline in international tourist arrivals during the first four months of 2026, but Mexico City’s main airport continued to grow against the national trend. The airport handled 14.5 million passengers, up 1.3% from the same period last year, representing nearly 23% of all passengers nationwide. The increase has been driven by stronger travel demand associated with the 2026 soccer tournament and the capital’s role as one of its main host cities.

To prepare for the busy travel season, authorities approved an increase in the airport’s operating capacity from 44 to 46 flights per hour during the summer schedule. While other airports face softer international demand, the additional slots are expected to help accommodate higher passenger volumes and improve operational efficiency at Mexico’s busiest airport.

SOURCE: https://expansion.mx/empresas/2026/06/25/aeropuertos-mexico-menos-turitas-aicm-crece-gracias-mundial #AICM #Turismo #Aeropuertos #México #Mundial2026
The Suprema Corte de Justicia de la Nación ruled that claims against the Mexican government for damages are subject to legal time limits and can expire if they are not filed within the periods established by law. The Court upheld the constitutionality of the Federal Law on State Liability, which sets a one year limitation period for material damages and a two year period for physical or psychological injuries.

The case stemmed from a patient who suffered permanent complications after an operation at the IMSS in which medical staff allegedly left surgical gauze inside his body. While the Court confirmed that claims may prescribe, it left it to a lower tribunal to determine whether the specific lawsuit was filed on time and whether the injuries should be classified as physical or psychological damages. The ruling reinforces that compensation claims against government entities are not indefinite and must be pursued within the legal deadlines established by federal law.

SOURCE: https://www.elfinanciero.com.mx/n
Mexico is expected to receive a significant economic boost from the 2026 international soccer tournament, particularly through tourism, hospitality, transportation, retail, and infrastructure. The event could contribute up to $4.05 billion USD to the Mexican economy, with the strongest impacts concentrated in Mexico City, Guadalajara, and Monterrey.

According to estimates presented by the IMEF, Mexico City alone could receive around 400,000 visitors and generate approximately $1.6 billion USD in economic activity. Guadalajara could see about $1 billion USD, while Monterrey may receive roughly $600 million USD. Nationally, the tournament’s contribution is estimated at between 0.11% and 0.14% of GDP, representing a meaningful boost for sectors directly tied to tourism and services.

SOURCE: https://forbes.com.mx/la-copa-mundial-de-la-fifa-y-su-impacto-economico-en-mexico/ #Mundial2026 #México #Economía #Turismo #Fútbol
IATA warned that increasing taxes and regulatory charges across Latin America could undermine the region’s aviation growth potential. Speaking at the 82nd IATA Annual General Meeting in Rio de Janeiro, Director General Willie Walsh said that additional levies on passengers and airline operations make air travel more expensive, weaken airport competitiveness, and can push travelers toward alternative hubs. He cited a proposed connection tax in Lima as an example of a measure that could divert traffic away from the city and reduce regional connectivity.

The association also expressed concern over Brazil’s proposed tax reforms, which could significantly increase the fiscal burden on international aviation. According to IATA, Latin America is expected to grow passenger traffic by about 5% in 2026, outperforming North America, but excessive taxation could slow demand, discourage tourism, and limit future expansion across the sector.

SOURCE: https://a21.com.mx/destacado-principal/2026/06/15/amenazan-cargas-impositivas-a-la-aviacion-de-america-latina/ #Aviación #IATA #AméricaLatina #TransporteAéreo #turismo

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