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 →

Why is «the good faith principle» so important in insurance contracts?

The good faith principle in insurance contracts An insurance contract has a specific condition to become effective: the parties’ good faith. This is confirmed by article 8 of the Mexican Insurance Contract Act (“ICA”) that sets forth the insured’s obligation to disclose in writing all the important facts for the insurance company to conduct a... Leer más →

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