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Results: 1-10 of 34

Investing in Mexican real estate: outlook, framework and special considerations (Part 2)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • February 28 2012

Under Article 27, Section I, of the Mexican Constitution, all land is the property of the Nation, and legal capacity to acquire ownership of lands and waters from the Nation is limited to Mexicans by birth or naturalization and Mexican companies

Investing in Mexican real estate: outlook, framework and special considerations (Part 1)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • February 28 2012

Over the last decades, foreign investors’ interest in Mexican real estate has grown significantly

Advising Mexico clients re: entity selection and formation in the U.S.

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico, USA
  • -
  • March 20 2012

Mexico's Corporation Code or Ley General de Sociedades Mercantiles acknowledges six forms of business entities

Investing in Mexican real estate: outlook, framework and special considerations (Part 3)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • February 28 2012

The Foreign Investment Law, which implements Article 27, Section I, of the Mexican Constitution, elaborates on how an interest in real property in Mexico may be acquired by foreigners and Mexican corporations that allow foreign investment

Mexican transactions in a foreign currency

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • March 21 2012

A question frequently asked by foreigners doing business in Mexico is whether the parties can use dollars or any other foreign currency as a currency for their particular transaction

Investing in Mexican real estate: outlook, framework and special considerations (Part 4)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • February 28 2012

This part explains the general pre-offer considerations and the process through which foreign nationals generally acquire ownership to real property located within the Restricted Zone

Investing in Mexican real estate: outlook, framework and special considerations (Part 6)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • March 12 2012

A promissory agreement is a contract pursuant to which one or more persons agree, in writing, to execute, within a certain defined timeframe, another contract (e.g., the land sale contract

Investing in Mexican real estate: outlook, framework and special considerations (part 5)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • March 12 2012

Due to the complexities of the deed, the parties will often enter into a binding preliminary agreement that (a) sets the basic terms of the transaction (i.e. purchase price, subject matter and time for closing), (b) provides seller with a period of time to provide all documents necessary for the closing (i.e., certificate of no lien, tax receipts, receipts evidencing no outstanding utilities, and a current valuation of the property for tax purposes), (c) provides the purchaser with a period of time to obtain financing andor to schedule the required payments, and (d) demands payment of a deposit or initial payment (receipt of initial payments may be considered a taxable event; thus, tax advise should be obtained prior to entering into acceptance of an initial payment

Contracts: courts should not be called upon to function as a backstop for sloppy drafting!

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • USA
  • -
  • June 4 2012

Under California law, contracts are interpreted by an objective standard: the words of the contract control over the party's subjective intentions

Mexico's maquila program is still thriving

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • August 30 2012

The Promotion of the Manufacturing, Maquila and Export Service Industry (IMMEX) program allows the temporary importation of goods that are used in an industrial process or service to produce, transform or repair foreign goods imported temporarily for subsequent export or provision of export services, without covering the payment of general import tax, value added tax and, where appropriate, countervailing duties