Through its decision in amparo case number 633/2023 dated April 3, 2024, the Second Chamber of the Mexican Supreme Court confirmed the constitutionality of the maximum employee profit sharing limit of three months of an employee’s salary, or the average of the profit sharing received in the last three years, whichever is more favorable to
April 2024
Simplified Requirements for the Temporary Importation of Sugar under Mexico’s IMMEX Program
On April 5, 2024 the “Decree publishing the requirements to temporarily import goods included in Annex II of the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry” (the “Decree”) was published in the Official Journal of the Federation, which entered into force on April 8, 2024, and will remain valid through August 31, 2024.…
Mexico Amends Rules for Issuing Electronic Negotiable Instruments
By Iker Dieguez & Eduardo Parroquín on
On March 26, 2024, the Mexican government published a decree which amends, supplements and repeals various provisions of the General Law of Negotiable Instruments and Credit Transactions (“LGTOC”) and the General Law of Organizations and Ancillary Credit Transactions in the Official Journal of the Federation (the “Decree”).…
How Foreign Investors Can Use U.S. Wills to Accomplish Their Estate Planning Goals
By Marissa S. Rodriguez on
When it comes to cross-border business ventures, the importance of estate planning often remains overshadowed by immediate investment pursuits. However, for international investors eyeing opportunities within the United States, prudent consideration of estate planning is paramount. While some may have made estate planning arrangements within their home jurisdictions, the adoption of a U.S. Situs Will…