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 […]
Implications of a possible change of telecommunications’ authority in Mexico
On February 5th, the President of Mexico submitted, for consideration of the Mexican Congress, several initiatives to amend the Mexican Constitution. Among them, the “organic simplification” or extinction of certain autonomous constitutional bodies (“OCAs” for its initials in spanish) in order to pursue republican austerity and avoid duplication of functions (between these and the Federal […]
The Civil Code of Mexico City, moves towards inclusion.
On August 8, 2023, the plenary session of the Supreme Court of Justice of the Nation (the “Court“), invalidated provisions of the Civil Code in force of Mexico City (the “Code“), in testamentary matters that allow people with disabilities to testament by electronic means. In the world, according with the World Health Organization, approximately 15% […]
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 […]