Contributed By Gonzalez Calvillo, S.C.
Security over Mexican publicly owned assets cannot be created in Mexico.
Certain types of regulated assets such as concessions, aeroplanes or vessels would be subject to additional perfection requirements.
Enforcement of security in Mexico would be limited by insolvency, concurso mercantil, bankruptcy, moratorium, labour, tax and other laws of general application generally affecting the obligations of debtors and the rights of creditors.
Additional contractual requirements may apply depending on the by-laws of the grantor of Mexican security.
Generally, security over Mexican assets or over assets located in Mexico can only be created through Mexican law-governed documents.