Corporate Obligations in Mexico

The General Corporation and Partnership Law establishes the obligation for the corporations to hold at least one General Regular Shareholders´ Meeting within the first four months following the close of the corporate year of the immediately preceding year, that is before April 30, 2020.1 General Shareholders´ Meetings shall be held at the registered office of the corporation otherwise they will be void except in case of acts of God or force majeure.

Conditions prevailing in Mexico at this time due to the coronavirus, and the provisions that have been issued to address the health emergency impose various restrictions, which make it necessary to identify alternatives toward compliance with the obligation to hold regular meetings. It is possible that the meetings be held by electronic means, which would require adjustments, if not yet established, in some documents regulating the corporate life of the company.

Please feel free to contact us if you want further information on requirements to hold meetings by electronic means.