by Antonio Cervantes | Jan 3, 2023 | Compliance, Corporativo
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...
by Antonio Cervantes | Dec 28, 2022 | Compliance, Corporativo
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....
by Antonio Cervantes | Nov 29, 2022 | Corporativo, Regulatorio y Cumplimiento
ENGLISH VERSION Initiative As a result of the cancellation of the Program for Sustainable Regional Tourism Development and Magical Towns (“PRODEMÁGICO” by its abbreviation in Spanish) in accordance with the 2019 National Expense Budget an Executive Order...
by Antonio Cervantes | Nov 25, 2022 | Compliance, Corporativo
ENGLISH VERSION On November 15, 2022 the Official Mexican Standard NOM-236-SE-2021 Vehicles- Physical-mechanical conditions of vehicles with a gross vehicle weight not exceeding 3,857 kg (“NOM”) was cancelled as per publication in the Federal Official...
by Antonio Cervantes | Nov 18, 2022 | Corporativo
ENGLISH VERSION Mexican legal entities have the obligation to open corporates books and records and keep them updated. These books consist of the shareholders’ meetings minutes book, stock registry book or special partners’ book and the capital variations...
