When 99% Isn’t 100: The Limits of Majority Shareholder Power in Mexico
In a recent case, a decision of a Mexican court was made public [1], which brings us back to the topic of whether, in all cases, the majority shareholder in a business company will necessarily have absolute control over its decisions. That is to say, if one or more shareholders own the majority of the shares […]
Piercing the Corporate Veil: Identifying the Real Actors Behind Commercial Entities in Mexico
In a press release, the First Chamber of the Supreme Court of Justice of Mexico confirmed that piercing the corporate veil of a corporate entity will not be permitted when requested as a precautionary remedy. [1] This sheds light on the limitations surrounding requests for such a remedy. What Does the Corporate Veil of a Company Entail? […]