KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER MEXICAN LAW -
Please find hereinbelow: (i) a brief presentation of key aspects of the commercial insolvency proceeding, as regulated by the Commercial Insolvency Law (the “CIL”); and (ii) the protections granted by the CIL to debtors who are declared insolvent.
1.- Merchants - Insolvency Conditions.
Individuals or legal entities that are Merchants pursuant to the provisions of the Commercial Code may be subject to the commercial insolvency proceeding. All commercial insolvency proceedings are conducted before Federal District Judges (the “Insolvency Courts”), located across the Country, and which are appointed based on the domicile of the relevant Merchant.
Please see full Chapter below for more information.