Source: Holland & Knight This Ruling Resolves Conflicting Precedents Regarding Powers for Acts of Management as well as Litigation and Collections Highlights The First Chamber of Mexico’s Supreme
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
Reform to the 76 and 78 articles of the Mexican Federal Labor Law relating to paid vacationReform to the 76 and 78 articles of the Mexican Federal Labor Law relating to paid vacation
Source: EC Rubio On December 27, 2022, the Federal Official Gazette published the decree that reforms Articles 76 and 78 of the Mexican Federal Labor Law (FLL) regarding paid vacation,
Controlling Beneficiaries – Complying with New Obligations under Mexican LawControlling Beneficiaries – Complying with New Obligations under Mexican Law
Effective January 1, 2022, Mexico joined the list of countries that require companies (including those owed by foreigners), trusts, other legal vehicles, financial institutions and others to gather, maintain,
Commercial contract interpretation in MexicoCommercial contract interpretation in Mexico
Contract interpretation The rules for the interpretation of contracts are contemplated by civil law: the Federal Civil Code. The rules are implicit in all commercial obligations and should be observed