by Antonio Cervantes | Sep 29, 2023 | Derecho Mercantil, Obligaciones
Background Through a promissory agreement one or both parties agree to execute within a period of time, a given contract that the parties do not want or may not execute at the moment. It is also known as preliminary agreement, promise of contract, promise to enter...
by Antonio Cervantes | Sep 28, 2023 | Derecho Mercantil, Obligaciones
On September 12, 2023, the Mexican senate approved the amendments to the General Corporations Law (the Law) to allow the holding of shareholders and partners’ meetings through instant communications platforms (the Amendments). The document containing the Amendments...
by Antonio Cervantes | Sep 1, 2023 | Derecho Mercantil, Obligaciones
The First Chamber of the Mexican Supreme Court of Justice (SCJ) confirmed that air carriers must compensate passengers if they are denied boarding due to overbooking of a flight. In recent days, an extract of the judgement of the constitutional trial in review...
by Antonio Cervantes | Aug 30, 2023 | Derecho Mercantil, Obligaciones
What is the treatment that Mexican Law gives to good faith in insurance contracts?Take a look at this interesting article on a landmark decision of the Mexican Supreme Court of Justice on the consequences of lying to an insurer. The good faith principle in insurance...
by Antonio Cervantes | Aug 15, 2023 | Compliance, Corporate, Obligaciones, Regulatory and Compliance, Sociedades
Liquidating a company in Mexico is not an easy task to accomplish. Sometimes, it takes several months to dissolve and liquidate an entity. The General Corporations Law (“GCL”) seeks to strike a balance between, on the one hand the interests of those wanting to close...
by Antonio Cervantes | Aug 9, 2023 | Aeronaútica, Obligaciones
Three airport entities in Mexico City will be transferred to the Mexican Navy Department (ND). Grupo Aeroportuario de la Ciudad de Mexico, Servicios Aeroportuarios de la Ciudad de Mexico and Aeropuerto Internacional de la Ciudad de Mexico will be grouped under the...