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SUPREME COURT RULINGS AGAINST COCA-COLA, FORD REINFORCE RIGHT OF MEXICAN GOVERNMENT TO PROTECT PUBLIC INTEREST.

Publication: SourceMex Economic News & Analysis on Mexico
Publication Date: 31-OCT-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
In two decisions in late October, Mexico's high court (Suprema Corte de Justicia de la Nacion, SCJN) issued rulings against Mexican subsidiaries of Coca-Cola and Ford, reinforcing the right of the Mexican government to protect the public interest. In the case of Coca-Cola, the high court upheld a ruling from the anti-trust agency Comision Federal de Competencia (CFC) that eight bottling companies affiliated with the US-based multinational company had engaged in monopolistic practices. The court also ruled that Ford Motor Co. must return more than 657 million pesos (US$61 million) in taxes that were erroneously...

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