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CEG LEGAL
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What happens when a spin-off of commercial companies is used as a strategy to avoid paying creditors?
ENGLISH VERSION Introduction The spin-off of an entity (original corporation being spun-off from) involves the division of its corporate patrimony by contributing its liabilities, assets, and capital stock in two or more parts, to other emerging entities. When the...
If a judge decides that the interest rate agreed on a loan is excessive, what happens with the interests already paid?
ENGLISH VERSION Facts The First Chamber of the Supreme Court of Justice of the Nation (“First Chamber”) decided on different criteria of Collegiate Circuit Courts whether the reduction to the interest rate shall have retroactive effects on the interest already paid....
A legislative initiative to reform the General Corporations and Partnerships Law was submitted.
ENGLISH VERSION An initiative was submitted to the Mexican House of Representatives to reform articles 185, 232, 236 and 238 of the General Corporations and Partnerships Law (hereinafter the "Law") by congress woman Esther Berenice Martínez Díaz, member of the...
A legislative initiative to provide electronic contracts with more evidential weight was submitted
ENGLISH VERSION Globalization and technological progress have allowed the execution of agreements through means other than the traditional ones. The execution of agreements by electronic means is one of the main tools to effectively execute commercial agreements,...
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