| RISK MANAGEMENT
MEXICO
KEY TAKEAWAYS
Designing a strategy for disruption
Q3 How can clients approach the risk of uncertainty and turn it into opportunity? Although it is true that uncertainty may generate stress and that resistance to change is a very natural reaction, it is also true that uncertainty and change will inevitably generate opportunities. In the start phase of any business venture, the entrepreneur would ask “what are the current market’s needs?” and “how can I resolve or satisfy those needs?” These are the same questions that current and future businesses will have to regularly ask themselves, as part of a periodical process of evaluation and redesign of the business strategy. Every change and uncertainty has an impact on human needs, either modifying or extinguishing them, or generating new ones. Businesses must therefore learn to adapt and find solutions that satisfy those needs. How can businesses transform risks into opportunities? First, as previously pointed out, businesses must design and implement proactive strategies to identify risks, needs and opportunities, as well as create and develop potential solutions. Businesses should continuously evaluate and update their strategy, which should not be seen as a static element of the business, but as its flowing soul that adapts to time and circumstance.
Proactive risk management for uncertainty: Businesses must adopt adaptable, proactive strategies grounded in accurate information to anticipate and address regulatory and economic uncertainties. These strategies enable firms to mitigate risks, satisfy evolving needs, and seize emerging opportunities in a rapidly changing global environment. Role of professional services firms: Professional services firms play a critical role in helping businesses navigate change, by offering specialised knowledge and risk management expertise. By identifying future risks and providing innovative solutions, they empower businesses to remain resilient and capitalise on opportunities.
and even challenging leaderships around the world, as well as the effects of climate change, generate great uncertainty that is reflected in our economy, and in regulation, as governments react to change. The design and correct implementation of a suitable risk management strategy is, more than ever, fundamental to the success of any business. Which characteristics should such a strategy have? First, the strategy must be built on truthful information. Then, the strategy must flow and be adaptable to changing circumstances. Also, the strategy must be proactive, anticipating changes, then analysing and formulating potential solutions to their consequences. Q2 In times of economic distress and change, how can professional services firms assist in maximising value while minimising disruptions? In times of change and economic risk, professional services firms may be natural allies to the extent that they are able to provide valuable knowledge and advice that nurtures businesses’ capacity to anticipate and face change successfully. Insofar as professional services firms specialise and focus on clients’ needs and risks, they will be able to provide truthful information and updated knowledge to help businesses in the design and implementation of such strategies. In view of the above, professional services firms should design and implement their own risk management strategy and focus on the early identification of risks that clients may face. Professional services firms have, consequently, an important role to play in clients’ successful response to change. Firms must be able to develop knowledgeable and experienced members who can identify future risks, and who are creative enough to find opportunities and solutions to challenges.
Martha Villalobos Partner Hector Noriega Partner Wong Fleming
Turning uncertainty into opportunity: Uncertainty drives the evolution of human
needs, creating new opportunities for businesses. Firms should view their strategy as something dynamic, regularly evaluating and adapting it to meet changing demands, with guidance from professional advisors to maximise value and minimise disruption.
Q1 How can proactive risk management strategies help businesses navigate regulatory and economic uncertainties? Risk management strategies should aim to help businesses successfully navigate regulatory and economic uncertainties. The events of the last decade have left their marks and lessons, and they have also shown that change often occurs at a rapid pace. In an interconnected world, such changes may often have extensive impact and reach distant communities. Scientific and technologic advances, the emergence of wars, contagious diseases
Héctor Noriega-Ibarra received his Law Degree to practice throughout Mexico, summa cum laude, from Tecnológico de Monterrey, in 1995, acting as professor of Civil Law there for several years. He also undertook the Post-Graduate Program and Specialisation in Tax and Labor, by Universidad Panamericana, in Mexico City in 1996. He has 30 years of experience serving corporate clients in civil and commercial litigation and specialises in tax, administrative and criminal law, with special emphasis in Amparo (Habeas Corpus). Representative matters include high profile criminal defense cases, criminal defense of
“The strategy must be proactive, anticipating changes, then analysing and formulating potential solutions to their consequences.”
ex-public servants at State’s Government level, he obtained Habeas Corpus resolution declaring the Mining Duty (a tax on mining revenue recently enacted in Mexico) to be in violation of the Mexican Constitution, he also obtained an Amparo declaring several provisions of the Law of Liabilities of Public Servants to be in violation of the Mexican Constitution and provided advice to the Municipality of Hermosillo in the drafting of several tax aspects of the Income Law.
+52 614 236 8012 hector@vmlaw.mx irglobal.com/advisor/hector-arturo-noriega-ibarra
ABOUT US... wongfleming.com
Martha Villalobos-Murillo leads Wong Fleming’s Mexico offices. She received her Law Degree to practice law throughout Mexico, summa cum laude, from Tecnológico de Monterrey, in 1997. In 2008, she was awarded the Master of Business Administration from Nottingham Trent University, in Nottingham, UK. Her 28 years of practice are focused on serving multinational organisations, she has participated in many multi-jurisdictional transactions in the corporate and real estate areas. Her corporate experience includes M&A, start-ups and liquidations, public bids, governmental permitting, investment incentives, and contracts. Her real estate experience includes property development, construction, national waters, agrarian matters, and public contracts. She has vast experience in labour risk mitigation, negotiation and settlement of labour conflicts, due diligence, and service agreements. She is also well-versed in the mining industry as well as environmental and foreign trade. She was co-author in the book “Doing Business in Mexico,” edited by Juris Publishing in 2001.
Wong Fleming is an AV-Rated law firm with a reputation for excellence in representing Fortune 500 companies and corporate clients in Commercial Law, Corporate Asset Recovery, Creditors’ Rights and Bankruptcy, Employment and Labour Law, Environmental, Insurance Defense and Coverage, Intellectual Property, Immigration, Real Estate, and Premises and Product Liability. With offices across the U.S., Mexico, Canada, and Germany, Wong Fleming offers a robust international platform for cross-border matters, combining local expertise and strong relationships with businesses, government
agencies, and other key stakeholders. The firm’s attorneys are known for their deep expertise, strategic thinking, and unwavering commitment to client service. The firm is certified as a minority- and women-owned business by the National Minority Supplier Development Council (“NMSDC”) and Women’s Business Enterprise National Council (“WBENC”). Wong Fleming is also a member of the National Association of Minority & Women Owned Firms (“NAMWOLF”).
+52 614 236 8012 martha@vmlaw.us irglobal.com/advisor/martha-angelica-villalobos-murillo
irglobal | 75
74 | irglobal
Made with FlippingBook - professional solution for displaying marketing and sales documents online