Mexican timeshare, condominium and shared ownership regimes are governed primarily by the civil codes of the various states, the Federal Consumer Protection Act, state condominium acts, the Federal Tourism Act, the Foreign Investment Act, mandatory standards, and when involving trusts, the General Law on Credit Instruments and Transactions. Structuring timeshare, vacation club, destination club,…
Acquiring property in Mexico is a complex process that involves many potential pitfalls, particularly for foreign purchasers. To complicate matters, Mexico’s title system is far less technologically advanced than its northern neighbors. Defects and uncertainty in title remain prevalent. Foreign buyers of real property are also well-advised to retain independent legal counsel to conduct necessary…
Tweet By: Luis Alcocer Chauvet lalcocer@rosenlaw.com.mx One of the fundamental rights of a shareholder is the right to withdraw from the corporation. The General Law of Commercial Corporations (the “Law”) regulates this right in Articles 15 and 220. Article 15 refers to all types of commercial companies in general, and Article 220 refers to…
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