Federal Court issues new decision on the duty to notify the attorneys-in-fact about the revocation of their authority.
On January 12,2024, it was published a decision on the importance to notify the attorneys-in-fact on the revocation of their authority. In the matter at hand, a court agreement that put and end to a trial was signed by one of the party’s attorney-in-fact, yet it was ratified before the court, it was not approved […]
Mexico’s Supreme Court renders judgment on the types of sections in commercial agreements that are null and void.
The First Chamber of Mexico’s Supreme Court (the “Court”) issued a decision by which it clarified the limits to the freedom of contract principle in a supply agreement. A supply agreement entails the periodic delivery of goods by a supplier to a client, in exchange of a consideration in cash. It is common practice that […]
Mexican Court determines the effects of inserting a condition in promissory notes
Introduction A promissory note is an executory instrument regulated by the General Negotiable Instruments and Credit Transactions, which establishes the mandatory requirements that said document must contain: I.- The mention of being a promissory note, inserted in the text of the document; II.- The unconditional promise to pay a certain sum of money; III.- The […]