GC ALERT | Amendment to Electronic Negotiable Instruments

Gonzalez Calvillo, April 5^th, 2024 – On March 26^th, 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Activities (Ley General de Organizaciones y Actividades Auxiliares del Crédito) were amended, supplemented, and repealed (the “Amendment”) was published in the Mexican Federal Official Gazette (Diario Oficial de la Federación).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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