Mexican stocks surged in a positive reaction to the Government's proposed new foreign investment law.
Seagram came in part because a foreign investment law stipulated that the conditions would not change for five years.
In March 2012, a draft foreign investment law emerged, the first in more than 2 decades.
It's really inappropriate for an open economy to even have a foreign investment law.
Mexican officials had been circulating drafts of the new investment law for more than two years.
Following a new investment law passed in 1975, there was a revision of ownership and the name changed to the current one.
Another investment law, this time directed towards domestic investors, was also in the process of being formulated.
The Treasury Department's position on the foreign investment law was also pragmatic.
Previous special issues have covered areas such as international investment law.
He said he feared they could take advantage of open investment laws.