Amendments to the General Law of Negotiable Instruments and Credit Transactions and to the General Law of Credit Organizations and Auxiliary Activities regarding Electronic Means.
On March 26, 2024, a decree was published in the Official Gazette of the Federation amending, adding, and repealing several provisions of the General Law of Negotiable Instruments and Credit Transactions (“GLCIT“) and the General Law of Credit Organizations and Auxiliary Credit Activities (“GLCOAA“), hereinafter referred to as (the “Decree“). The main objective of […]
The Court has confirmed the constitutionality of the Controlling Beneficiary. [Update]
In Mexico, all entities, whether individuals, corporations, trusts, foundations, or other similar structures, are required to identify their Controlling Beneficiaries. These individuals are those who receive benefits from the entity or exert influence over it, as detailed in the previously published article by Aliza Palatchi. Failure to comply with this obligation may result in fines […]
Mergers, Acquisitions, and Nearshoring – challenges and Opportunities for 2023
During 2021 and 2022, the M&A market in Mexico will grow 44% compared to 2019 and 2020, having the effect of mobilizing approximately USD$16,000’000,000.00, according to Transactional Track Record Data’s (TTR Data) 2022 annual report. This growth is due to several factors, highlighting the following (I) market recovery to pre-pandemic levels, (ii) increased need for […]