Real estate professionals, commonly referred to as brokers or agents, play an important role in any real estate transaction serving as the main intermediary representing the interests of sellers, buyers, and developers, among other parties.
It is important to consider that important differences exist in the regulation and function of the real estate profession in
On April 4, 2024, a decree was published in Mexico City’s Official Journal amending and adding numerous provisions of the local Mexico City Tourism Law (“Tourism Law”), which became effective the day after its publication (the “Amendment”).
The main purpose of the Amendment to the Tourism Law is to regulate the services and platforms for
New General Law on Alternative Dispute Resolution Mechanisms
On January 26, 2024th, the new General Law on Alternative Dispute Resolution Mechanisms (“GLADRM”) was published in the Official Journal of the Federation, in compliance with the 2017 constitutional amendment that made Alternative Dispute Resolution Mechanisms a constitutionally protected practice in Mexico.
The GLADRM seeks
Mediation is one of the alternative dispute resolution methods available in Mexico. In mediation, the parties go to a mediator to avoid or put an end to a dispute after negotiation, with reciprocal concessions. This results in an agreement, which, when executed before an authorized mediator, has the status of res judicata, the same
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
As a result of the effects caused by nearshoring in Mexico, the industrial real estate market has seen an increase in the demand for the acquisition and leasing of industrial space, thus creating a “sellers and landlords’ market”.
The limited availability of ideal conditions for certain projects has caused a significant increase in the cost
On June 19th, 2022, two important judicial decisions were issued by the First Chamber of the Mexican Supreme Court and published under case numbers 1a./J. 84/2022 (11a.) and 1a./J. 85/2022 (11a.), with the headings: “Adherence to Constitutionality and conventionality ex officio. Methodologies to exercise such adherence” and “Upholding Ex officio legal constitutionality and conventionality.