Ten duties that directors of Mexican companies should know so as to avoid incurring civil liability.

Directors of commercial corporations are regarded as their agents and legal representatives according to articles 10 and 142 of the Mexican General Corporations and Partnerships Law (“GCPL”), and have the authority necessary to perform all those activities listed on the company’s corporate purpose unless otherwise stated in the law or in the bylaws of a company.... Leer más →

Does the current Mexican legal framework protect investors’ rights? (Part One)

Introduction Private capital will flow to markets that protect investors’ contributions. If states want that their economies receive domestic and foreign investment, they must have a solid legal framework that grants certainty to investors. Both the law itself and the efficient enforcement of the law create an attractive environment that encourages capitalists to invest in... Leer más →

6 grounds for expelling a partner/shareholder from a Mexican company.

Generally, partners decide to incorporate a company based on the trust among them. If a good relationship among the partners  does exist, it would be easier for a company to meet its short, medium and long-term goals. It may happen that, as in any relationship, confidence deteriorates,  resulting in a group of partners willing to... Leer más →

7 points you should know about the new rules to dissolve and liquidate a company in Mexico.

Today a decree that amends various articles of the General Corporations Law (“GCL”) was published in the official journal. The decree pertains to certain new rules as to the dissolution and liquidation process of enterprises in Mexico. The amendments are summarized as follows: I. A new cause for the dissolution of enterprises is acknowledged by... Leer más →

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