In recent months, Mexico has seen an increase in the assignment of electricity demand rights (“kVAs”) as a result of growing nearshoring investments. For purposes of this article, a kVA is the unit that measures the voltage transformation capacity needed to receive a safe and reliable electricity supply. This is important because, as is now
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
Timeshare transfers in Mexico have become more common in recent years, and unfortunately several forms of scams have been used to victimize timeshare owners. This article lists some important considerations to take into account when receiving an alleged offer to purchase a timeshare interest.
For purposes of Mexico’s Federal Consumer Protection Law (“LFPC”), a timeshare
On February 20, 2023, a draft of Official Mexican Standard (“NOM”) PROY-NOM-002-1-SCT-SEMAR-ARTF/2021 (the “Draft One”) was published on the Official Journal of the Federation (“DOF”) regulating the official list of hazardous substances and materials (hazardous goods), including instructions and use of packaging/containers, intermediate bulk containers (RIG), large packaging/containers, portable tanks, multi-element gas containers and bulk
The integration of commercial trade within North America is moving forward, and companies are looking to take advantage of the benefits that Mexico has to offer. With the rise in labor and transportation costs in China, ongoing trade wars, the war in Ukraine and growing concerns over resiliency, many supply chains have been disrupted. As
In general, it is common for the legal due diligence of a Mexican company’s operations in cross-border or international transactions to cover the period up to the time a potential buyer requests information from the company. Such situation may or can result in a delay of the sale, reduction of the price, withholding of the
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
On February 2, 2023, a Decree was published in the Official Journal of the Federation (the “Decree”) ordering the termination of domestic and international air cargo transport operations, both regularly scheduled and unscheduled flights, at the Mexico City International Airport (“AICM”).
The new Decree was preceded by a separate decree published on March 3, 2022
Although environmental law issues should generally be considered in any transaction, this article undertakes a brief review of the relevance of such issues in projects involving real estate.
In accordance with the provisions of article 4 of Mexico’s Political Constitution, any environmental damages will be the legal responsibility of the party who causes such damages
On January 11, 2023, the Arbitration Panel established in accordance with article 31 of the Unites States – Mexico – Canada Agreement (“USMCA”) published its final report regarding the enforcement and interpretation of important provisions governing the rules of origin applicable to the automotive industry under the USMCA.
It should be noted that on August