This document provides information about the legal requirements and business law in Mexico. It covers topics such as the legal system, commercial law, and membership in international organizations. It also discusses the influence of the government on local businesses and the economic situation of the country.
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Running head: INTERNATIONAL MANAGEMENT International Management March 21 2019
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INTERNATIONAL MANAGEMENT1 Legal Requirement Legal System Supreme legal instrument of Mexico is the Political Structure of the United Mexican States. As per this document, it is the drive of the residents to establish an illustrative, democratic, federal republic, including of states sovereign and free internally but joint in an alliance created asper the constitutional principles (University of Arizona, 2018). Most of the Mexican legal firms are established for commercial drives and established under the General Commercial Companies Law. From numerous numbers of commercial businesses established by commercial laws, limited liability business and stock corporations are broadly utilized business vehicles (Quezada, 2017). In order to establish a business in Mexico, it is important for companies to take assistance from the in-country attorney. Just in-country attorney could be referred in Mexico as NAFTA do not comprise bylaws permitting U.S attorneys to exercise law in Mexico, so could not be signified in court if there is need of defense. Besides this, the business needs to get recognition from the federal and local government and other different Mexican authorities (Glick, 2016). Business law The key characteristics of the Mexican Commercial law that differentiates it from different other law branches are its dynamism, which is considered as an outcome of its sphere of directive distinct in the 75 articles of the Commerce Code of Mexico as the guideline of arguments rising from commercial acts. Besides this, in Mexico, commercial matters are differentiated and overseen distinctly strictly from civil matters (Wobeser, 2009).
INTERNATIONAL MANAGEMENT2 Membership in the International organization Mexico is one of the active and founding member countries of numerous hemispheric fora, which assist economic cooperation regional political cooperation in Latin America. For instance, Mexico is the member of Inter-American Treaty and OAS. Being an active member, the country has numerous regional organizations, which helps it in keeping an independent perception and frequently discords with the decisions made by the international forum. Mexico was also the leader of the cooperation of intra-Latin America that disqualified the United States. Being a founding member state of the Contadora Group, which was introduced in the year 1983 with Panama, Venezuela, and Colombia, Mexico encouraged a negotiated disbursement of the Central American struggle and asked for the removal of foreign impact (Photius Coutsoukis, 2004). Mexico is one of the founding members of the UN and acknowledged into the group in 1945. From then, Mexico became a full-time member state of all the agencies of the UN and actively takes part in the organization and possesses subtle relations with many of the member states. In 1945, the state was signified by Ezequiel Padilla Peñaloza, Manuel Tello Baurraud, and Francisco Castillo Nájera in San Francisco in the UN’s charter signing. Formally Mexico was acknowledged in the organization in 1945 (General Assembly of United Nations, 2019). From the initial period only, Mexico has been an active member state in the economic and social activities of the UN and international organizations related to cultural,economic,andsocialenhancements.Though,becauseoflimitationsinthe constitution of Mexico, the country is banned from adding herds for peacekeeping tasks abroad unless Mexico has officially stated war on a nation. Four times, Mexico has been chosen to the Security Council of the United Nation. The government of Mexico is fervently conflicting to include new member states in the Security Council. Nine nations including Mexico established a group with the name the "Uniting for
INTERNATIONAL MANAGEMENT3 Consensus", where they stand in against of adding new member states in the organization, though they like to increase the member states in the organization as non-permanent members to around 20. My Decision From the above analysis, it has been identified that the government of Mexico majorly influence the success of local businesses. It government get any benefit from the business it provides incentives to them. However, the economic situation of the country is very good, which reflects economic growth for the businesses. The government of the country has planned numerous numbers of initiativesto reduce the level of poverty and increase education awareness. If a company operates in the Mexican market it needs to assure the country's government that business will offer a number of job opportunities to the residents and support in reducing the level of poverty. This will help business in receiving different incentives from the government. Besides this, a business can initiate its operations in the country; however, it has to follow all the legal requirements established by the government.
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INTERNATIONAL MANAGEMENT4 References GeneralAssemblyofUnitedNations.(2019).Mexico.Retrievedfrom http://www.un.org/en/ga/69/meetings/gadebate/24sep/mexico.shtml Glick, B. (2016).5 Legal Considerations for Doing Business in Mexico. Retrieved from https://vagtc.wordpress.com/2016/08/22/5-legal-considerations-for-doing-business-in- mexico/ Photius Coutsoukis. (2004).Mexico Membership in International Organizations. Retrieved from https://photius.com/countries/mexico/government/mexico_government_membership_ in_intern~496.html Quezada,R.M.(2017).EstablishingabusinessinMexico.Retrievedfrom https://uk.practicallaw.thomsonreuters.com/2-554-9286? transitionType=Default&contextData=(sc.Default)&firstPage=true&comp=pluk&bhc p=1 UniversityofArizona.(2018).MexicanLaw.Retrievedfrom http://libguides.library.arizona.edu/law-library/mexicanlaw/legalsystem Wobeser,V.(2009).CommercialLawinMexico.Retrievedfrom https://whoswholegal.com/news/features/article/18744/commercial-law-mexico/