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Results: 1-10 of 34

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


Mexico is getting hungrier for overseas assets!
  • Martin-Sanchez & Leon de la Barra, LLP
  • Mexico
  • September 20 2012

During the first semester of 2012, Mexicans' direct investments abroad reached $11


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


When a Mexican court may be a more appropriate and convenient forum...
  • Martin-Sanchez & Leon de la Barra, LLP
  • Mexico
  • September 21 2012

Deciding whether to litigate in Mexico or in US courts deserves thorough analysis


I.R.S. concludes Mexican landholding trust is not a trust ...
  • Martin-Sanchez & Leon de la Barra, LLP
  • Mexico, USA
  • November 20 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


California courts may have an interest in a Mexico breach of contract dispute
  • Martin-Sanchez & Leon de la Barra, LLP
  • Mexico, USA
  • November 26 2012

Last week, California’s Court of Appeal affirmed a trial court’s finding of forum non conveniens, but reversed the order to dismiss and remand with directions to vacate the dismissal and enter an order staying the matter


Official Mexican standards (a.k.a. NOMS)
  • Martin-Sanchez & Leon de la Barra, LLP
  • Mexico
  • January 21 2013

Companies doing business in Mexico must be familiar with Mexican business laws and regulations. These include the Commercial Code (Código de


Mexico eases up on foreign investors
  • Martin-Sanchez & Leon de la Barra, LLP
  • Mexico
  • September 8 2012

As a general rule, Mexico’s Commerce Code and Foreign Investment Law allow foreign businesses to operate in Mexico, but require such foreign businesses to first obtain an authorization from the Ministry of Economy (Secretaría de Economía


Vitro asks U.S. court to compel Mexican bankruptcy plan
  • Martin-Sanchez & Leon de la Barra, LLP
  • Mexico, USA
  • October 8 2012

Founded in 1909, Vitro, S.A.B. de C.V., is the leading glass manufacturer in Mexico, and one of the largest in the world, backed by more than 100 years of experience in the industry


When the Mexican forum selection clause is mandatory, the traditional forum non conveniens analysis does not apply
  • Martin-Sanchez & Leon de la Barra, LLP
  • Mexico, USA
  • December 11 2012

Last week, the Court of Appeal of California affirmed an order staying a forum non conveniens action arising from a purchase agreement for a $20 million beach lot in Cancun, Mexico