AMLO Applauds Top Court’s Power Law Ruling Despite Setbacks
- Majority voted central parts of Mexico law unconstitutional
- But not enough justices voted against the law to throw it out
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Mexico President Andres Manuel Lopez Obrador celebrated the survival of his electricity law after a Supreme Court ruling Thursday, even though justices weakened key parts of his plan to return control of the power market to state hands.
The law wasn’t declared unconstitutional, which companies worry will lead to uncertainty over their private investments in the country. However, a majority of the justices voted against the law’s fundamental articles, setting an important precedent for companies that seek to take legal action against them in lower courts.