Commercial Arbitration. Recent Decision from the Mexican Supreme Court of Justice Regarding the Constitutionality of Prohibiting a Judicial Review of the Merits of an Arbitration Award

On December 9th, 2022, two binding case law decisions were published by the First Chamber of the Mexican Supreme Court of Justice, under numbers 1a. XXXII/2022 (10a.) and 1a. XXX/2022 (10a.), confirming the constitutionality of articles 1457, section I, paragraph b), and 1434 of the Commercial Code, as they refer to the violation of the […]

The Xochitl Phenomenon

From now until the end of 2024, the central issue in Mexico will be politics. On June 2, 2024, elections will be held in Mexico. It is expected that 98 million voters will vote on the next president of Mexico, 500 Representatives and 128 Senators who will form the Mexican federal Congress, in addition to […]

Mexico Emerges from China: Nearshoring

In baseball, pinch hitters serve an important role because they often decide the outcome of games. Within international economic politics, there are certain emerging countries. Mexico is an emerging country owing to the increase in the size of its financial market, the number of free trade agreements it has concluded – highlighted by the USMCA […]

Strengthening Relations between Mexico and the United States

The North American Leaders’ Summit is somewhat of a formality, involving the meeting of the presidents of Mexico and the United States and the prime minister of Canada. Such meeting was held recently in Mexico City, where the leaders demonstrated a spirit of cooperation and mutual understanding. However, diplomacy is not only good manners and […]

Mexico Amends the General Law of Business Associations to Allow Remote Meetings

On October 20, 2023, a decree containing amendments to the General Law of Business Associations (“LGSM” per its acronym in Spanish) was published in the Official Journal of the Federation. Amendments to various articles of the LGSM recognize the validity of using electronic, optical and other technologies to convene meetings of partners and shareholders, and […]

New Decision Cancels Mexican Value Added Tax Withholding Obligations in V5 IMMEX Transactions

Rule 3.8.9 of the General International Trade Rules for fiscal years 2012 to 2015 (currently Rule 7.3.3 of the General Foreign Trade Rules for 2023) enabled parties to carry out operations through code “V5” customs declarations “pedimentos” by companies with authorized IMMEX programs and certifications. Such operations feature transfers of temporarily imported goods from an […]

Political Thermometer

The 2023 elections that will take place in the State of Mexico and Coahuila will be a prelude to what may happen in 2024’s presidential election. The State of Mexico is one of the most important federal entities in the country, if not the state that occupies the top spot. It has the largest population […]

Justice Norma Piña – Mexico Supreme Court President

The new year brought magnificent news for the Mexican judicial system and for the balance in the division of powers within the Mexican government. As per the powers of the Plenary Session of Mexico’s Supreme Court, the justices elected Justice Norma Piña as their president for the 2023-2026 time period, in accordance with constitutional terms. […]

The Three Amigos

It is known as the Three Amigos Summit and is of enormous importance to the strength and integration of North America. At the beginning of 2023, the United States-Canada-Mexico group received a decided boost from the three leaders, Canadian Prime Minister Justin Trudeau and Presidents Joe Biden and Andrés Manuel López Obrador. The three met […]

Mexico Enacts New Time Zones Law

Mexico has enacted a new law governing how time zones will be treated throughout the country. On October 28, 2022, the Decree issuing the Time Zone Law in the United Mexican States (the “Law”) was published in the Official Journal of the Federation. The new Law became effective October 30, 2022 and, with it, the […]

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