Mexican court determines the form in which consent can be granted in a promissory agreement.

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...

Challenges arising from the new rules in Mexico allowing the holding of partners’ virtual meetings

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...

Airlines must compensate passengers, in any case, for overbooking a flight: Mexican Supreme Court

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...

Consequences of lying to your insurer under Mexican law

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...

3 points to know on the fast track procedure to liquidate a company in Mexico

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...

A notice is published in the Mexico’s Official Journal to transfer three airport entities in Mexico City to the Mexican Navy Department

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...