Source: Santamarina y Steta SC On December 30, 2024, the Miscellaneous Resolution for 2025 was published in the Official Gazette of the Federation, which came into force on
Category: Legal Compliance
Mexico: Foreign trade general rules for 2025Mexico: Foreign trade general rules for 2025
Source: Baker McKenzie In brief On 30 December 2024, the Ministry of Finance and Public Credit published in the Morning Edition of the Federal Official Gazette (DOF) the
Directors’ and officers’ liability for company insolvencies in MexicoDirectors’ and officers’ liability for company insolvencies in Mexico
Source: Martínez Algaba de Haro y Curiel General Legislation What main legislation is applicable to insolvencies and reorganisations? The main legislation applicable to insolvency proceedings is the Commercial
Directors’ Liability in MexicoDirectors’ Liability in Mexico
Source: Müggenburg, Gorches y Peñalosa In accordance with the provisions of the Mexican General Law of Commercial Corporations (Ley General de Sociedades Mercantiles), the directors are responsible for
Breach of contract claims in MexicoBreach of contract claims in Mexico
Source: Martinez Algaba de Haro y Curiel Federal civil law regulates the fulfilment of contractual obligations, as there is no special commercial regulation on this matter; therefore, the breach
Bringing civil claims in MexicoBringing civil claims in Mexico
Source: Santamarina y Steta SC Litigation Limitation issues What are the time limits for bringing civil claims? The Mexican civil and commercial codes provide different statutes of limitation
Contract formation in MexicoContract formation in Mexico
Source: Martínez Algaba de Haro y Curiel Contract formation Mexican Commercial Law does not specifically define the concept of ‘commercial contract’ or ‘commercial obligation’, nor elaborates on the
Mexico Increases the Minimum WageMexico Increases the Minimum Wage
Source: Littler Mendelson PC December 1, 2023, the National Minimum Wage Commission (“CONASAMI” for its acronym in Spanish) agreed to increase the general minimum wage to $248.93 pesos per
Québec’s Enterprise Transparency Regime Is Coming Into ForceQuébec’s Enterprise Transparency Regime Is Coming Into Force
Amendments to the Act respecting the legal publicity of enterprises (LPA), which require registrants (described below) to declare their “ultimate beneficiaries,” will come into force on March 31, 2023. Corporate ownership transparency
The National Registry of Foreign Investments and related obligations in MexicoThe National Registry of Foreign Investments and related obligations in Mexico
Canadian companies established in Mexico (by constitution or association) with foreign investment participation must be registered with the National Registry of Foreign Investment (“RNIE”) and comply with certain obligations. The Regulation