Amendment to the General Law of Commercial Companies Allows Corporate Acts through Electronic Means | Perspectives & Events | Mayer Brown ...Middle East

On October 20, 2023, a decree amending several provisions of the General Law of Commercial Companies (the “Amendment”) was published in the Official Journal of the Federation (Diario Oficial de la Federación). The Amendment provides a legal basis for the the execution of corporate acts by electronic means and outside the corporate domicile of the company. As a result of the Amendment, companies will be able to, among other things, hold: Partners’ meetings (in the case of limited liability companies) and shareholders’ meetings (in the case of corporations) through the use of electronic, optical, or any other type of media; Meetings of the company’s administrative body (e.g., a board of dir

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