Mexico's judicial reform has triggered investor concerns about uncertainty over the rule of law and the strength of the government's institutions, yet with the reform now priced in, some analysts argue there may be buying opportunities forming.

On Sunday, Mexican President Andrés Manuel López Obrador signed into law a contentious slate of constitutional amendments aimed at overhauling the country’s judiciary. The key proposal: to elect all judges by popular vote—including justices on Mexico’s Supreme Court.

Going forward, Mexican voters will now elect judges at every level, dramatically restructuring the third branch of government.