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GC ALERT | Amendment to Electronic Negotiable Instruments

Gonzalez Calvillo, April 5th, 2024 – On March 26th, 2024, the decree by which several provisions of the General Law of Negotiable Instruments and Credit Transactions (Ley General de Títulos y Operaciones de Crédito) and the General Law of Credit Organizations and Auxiliary Activities (Ley General de Organizaciones y Actividades Auxiliares del Crédito) were amended, supplemented, and repealed (the “Amendment”) was published in the Mexican Federal Official Gazette (Diario Oficial de la Federación).

The purpose of the Amendment is to acknowledge and regulate the use of technological tools to issue, subscribe, endorse, guarantee, transmit and/or deliver, as applicable, negotiable instruments via any electronic, optical, or other technological means.  

At González Calvillo we are prepared to provide the advice required in relation to any issue related to the Amendment. We remain at your service for any questions or clarification in relation to the scope of this document.
 
A summary of the main aspects of the Amendment is set out in our PDF version, consult the complete news by clicking here.

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For almost four decades, González Calvillo has challenged the standards and rewritten the full-service firm model with a solution-oriented approach, evolving the practice of law in Mexico. Our firm is driven by the commitment to doing things differently, having a deep knowledge of the Mexican legal ecosystem, and our behaviour and interaction with today’s globalised business environment. That is how over 150 people between partners, counsel, associates, and other business professionals are responsible for making González Calvillo one of Mexico’s leading law firms. Our firm’s services are designed to help clients solve their most complex and challenging legal issues, finding the best solution for each case. By understanding clients’ business culture and strategy, González Calvillo establishes a close and strategic alliance that enables them to achieve more. For more information, please visit www.gcsc.com.mx.

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