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Investing.com -- On Sunday, June 1, Mexico is set to experience a historic moment with its first-ever Judiciary election, which will see the election of a new Supreme Court and other judges.
This significant change comes after a judiciary reform in September 2024, which reduced the number of Supreme Court Justices from 11 to 9, all to be elected simultaneously by popular vote, instead of being appointed in a staggered manner.
The upcoming election will not only fill the seats of the Supreme Court but also elect two members to the Federal Electoral Tribunal and five to the newly established Judicial Discipline Tribunal. In total, Mexican voters will choose from more than 4,000 candidates to fill 881 federal judgeships, representing half of the federal judiciary, with the remaining half slated for election in mid-2027.
The spotlight of this election is on the Supreme Court, as it plays a critical role in evaluating the constitutionality of laws and maintaining the balance of power among public bodies in Mexico. Of the 64 candidates vying for the nine Supreme Court seats, three are incumbents associated with the Morena party, which currently holds the presidency and a qualified majority in both houses of Congress.
BofA analysts express concern that the softened requisites for becoming a Justice may lead to the selection of underqualified candidates. Moreover, there is an apprehension that voters may prefer candidates aligned with the current government, potentially leading to a Supreme Court with reduced checks and balances. This scenario could negatively affect investment, according to BofA.
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