Electronic System For Publications By Business Organizations

I. BACKGROUND.

On June 13, 2014, the so called Mercantile Reform (Miscelanea Mercantil), which amended, among others, the Mexican Commerce Code (Código de Comercio), the General Law of Business Organizations (Ley General de Sociedades Mercantiles) and the General Law of Negotiable Instruments and Credit Transactions (Ley General de Títulos y Operaciones de Crédito), was published in the Official Gazette of the Federation (Diario Oficial de la Federación or "DOF" for its Spanish acronym). As part of the amendments, Article 50 BIS was added to the Commerce Code, which states that those publications that should be made in accordance with the Mexican mercantile laws shall be carried out through the electronic system to be established by the Secretariat of Economy (Secretaria de Economia – the "Secretariat"), in the understanding that such publications shall be effective on the day following their publication, but without prejudice of the publications that shall be