Category

Insolvency Proceedings

Category

Effective January 1, 2025, twelve commercial courts have transitioned to become Tribunals for Economic Activities (hereinafter referred to as ‘TEA’). This reform was enacted under Law No. 2023-1059 of November 20, 2023, on the orientation and programming of the Ministry of Justice for the years 2023-2027, as well as Decree No. 2024-1225 of December 30, 2024 (the ‘Decree’). This initiative is part of a four-year pilot program designed to evaluate the advantages of consolidating the…

The proposed amendment aims to expand protective measures to ensure the stability of the companies during insolvency proceedings, facilitate access for small and medium-sized enterprises, streamline insolvency proceedings and enhance the judge’s authority for enforcement purposes. In brief For insolvent companies, the Mexican Insolvency Act (Ley de Concursos Mercantiles) has been a valuable tool for restructuring their debt or, if necessary, liquidating their assets to pay off their debts if the reorganization is not feasible.…