Lorena Montes de Oca is a policy advisor in Covington's Public Policy Practice-Latin America through which she provides strategic advisory and regulatory advice to clients doing business across Latin America.

Lorena, a non-lawyer, has over a decade of experience in public policy and international trade. During this time, she has supported private sector companies and policymakers on a broad range of sectors such as energy, trade and investment, technology, policymaking and economic development.

In addition, Lorena has particular experience in supporting companies with complex cross border projects between the U.S. and Mexico.

  •  On September 30, 2021, President Andrés Manuel López Obrador presented to Congress a constitutional reform of the electricity sector which modifies three articles of the Mexican Constitution (25, 27 and 28), reversing key parts of the 2014 energy reform that opened the sector to private investment. The congressional debate and vote on the reform are

  • President López Obrador has been a strong critic of independent regulators, including the anti-trust (COFECE) and telecommunications (IFT) regulators.
  • COFECE is at an inflection point with a leadership transition this month while it continues to be under pressure from the López Obrador administration.
  • Eliminating or reducing the autonomy of these bodies will undermine free market

  • The composition of the Chamber of Deputies of the new Congress will challenge President Andrés Manuel López Obrador’s ability to enact constitutional changes and consolidate the agenda of his party, Morena.
  • Companies should watch the coming budget battle in Congress because of its implications for the economy overall and for tax collection.
  • Prospects for a