The proposed reform of the Judiciary in Mexico has been a contentious issue for some time now. Andrés Manuel López Obrador, the current president of Mexico, has emphasized the urgency of the matter and expressed his desire to accelerate its approval. He stated that there is enough evidence of corruption within the Judiciary, which is plagued by both organized crime and white-collar crime.
López Obrador’s call for urgent action was met with hesitation from Claudia Sheinbaum, who will be taking office as Mexico’s next president on October 1. She promised a “very broad discussion” to approve the reform, emphasizing the need to engage various stakeholders in the process, including bars, law schools, workers in the Judiciary, and current judges. However, López Obrador expects that this discussion will take place before Sheinbaum assumes office.
Despite López Obrador’s push for expedited approval of the reform, concerns from investors have caused nervousness in the markets. The Mexican stock exchange fell and the peso depreciated following June 2 election results. The initiative aims to reform the Judicial Branch to ensure a true rule of law and could potentially lead to greater control of the Executive branch.
In response to these concerns, López Obrador dismissed fears of market instability and emphasized that a rule of law was essential for true businessmen. He highlighted that Mexico’s economy is strong and expressed confidence in the reforms being made to improve its legal system.
The ongoing debate over this proposed reform continues with contrasting views between López Obrador and Sheinbaum. While investors are concerned about its impact on Mexico’s economy, López Obrador remains committed to pushing through this important change for Mexico’s legal system.
Overall, it seems clear that this controversial reform will continue to be a topic of intense discussion and debate until it can be approved by all parties involved.
