JQJO — Latest news · Page 166

The Mexican Congress is advancing a constitutional reform championed by President Claudia Sheinbaum to require individuals running for the presidency, state governorships, or head of government of Mexico City to hold exclusive Mexican nationality. Candidates would be legally required to completely renounce any foreign citizenship or nationality prior to registering for office, and would be barred from using foreign passports or seeking diplomatic protection from another state. The initiative has cleared both the Chamber of Deputies and the Senate by the necessary qualified majorities and requires ratification by a majority of state legislatures to become part of the constitution. Proponents frame the measure as protecting national sovereignty, while opposition lawmakers argue it undermines the political rights of citizens living abroad and dual nationals.

Blue Owl Capital has limited quarterly withdrawal requests on its flagship non-traded business development companies, Blue Owl Credit Income Corp. and Blue Owl Technology Income Corp., after facing unprecedented redemption pressure. Redemption requests for the technology vehicle surged between thirty-nine and forty percent, while the credit income vehicle encountered elevated quarterly withdrawals reaching up to twenty-two percent. Because non-traded business development companies hold illiquid private loans rather than publicly traded equities, fund managers invoked structural liquidity limits to cap quarterly share repurchases at five percent of net asset value per class. This mechanism protects portfolios from forced asset liquidations and deep discounts. Leadership attributed the surge to cautious retail and institutional sentiment surrounding private asset liquidity rather than underlying credit deterioration, as portfolio default rates remain stable. Unfulfilled redemption requests will roll over into subsequent quarters, maintaining capital return queues for exiting investors across the private credit market.

New York Governor Kathy Hochul and State Attorney General Letitia James announced that the attorney general's office will serve as a special prosecutor to independently oversee the criminal investigation into an alleged gang rape at Cornell University. The decision follows a civil lawsuit filed by a former student alleging she was drugged and assaulted by multiple fraternity members in October 2024. While Cornell instituted internal disciplinary actions, the Tompkins County District Attorney initially declined to bring criminal charges, drawing intense public scrutiny and accusations of mishandling. Governor Hochul signed an executive order removing local prosecutorial control due to a loss of public and executive faith. Additionally, Cornell University agreed to retain outside legal counsel to conduct an independent review of its reporting systems and campus culture. State and legal authorities are now poised to reevaluate the evidence, potentially presenting the case to a grand jury as pressure mounts for accountability.