The Interbank Equilibrium Interest Rate (Tasa de Interés Interbancaria de Equilibrio; “TIIE”) has historically been one of the principal benchmark rates in the Mexican financial system, reflecting the cost of interbank funding among banking institutions for various tenors, traditionally 28, 91 and 182 days. This rate is determined and published by Banco de
On January 16, 2026, a single case decision was published in Mexico’s Federal Judicial Gazette under the title: “PROMISSORY NOTE EXECUTED TO GUARANTEE PERFORMANCE OF A CREDIT AGREEMENT. AN EXPRESS FORUM-SELECTION CLAUSE SUBMITTING TO THE JURISDICTION OF COURTS IN A SPECIFIC TERRITORIAL DISTRICT CANNOT TAKE EFFECT IF THE SIGNATORY WAS UNABLE TO NEGOTIATE ITS TERMS,”
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”).
As a general rule, personal property located in Mexico or originating in Mexico may be granted as a guaranty in accordance with Mexican laws and regulations (Mexican guaranties) or in accordance with the laws and regulations of other countries (non-Mexican guaranties). That will be dependent on, among other criteria, the agreement by the parties as
There are generally two ways to raise capital for the start-up or expansion of a U.S. business, either by debt financing or equity financing. Debt financing involves a loan wherein the borrower must pay the lender the principal amount of the loan plus interest, and equity financing involves selling equity interests in the business to