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Cross Border Transactions
Since 1994, the barriers to trade among the NAFTA countries of
Canada, Mexico and the United States have been significantly reduced and the
time is fast approaching when all significant barriers to trade among these
countries will be eliminated. In addition, many of the barriers to
service providers have also diminished with banks, mortgage banks and other
financial institutions generating significant earnings in their neighboring
countries. Never has there been a better time to take a business across a
border.
Notwithstanding the relative ease of doing business throughout
North America, there are new levels of legal complexity and regulation to
navigate. For instance, Mexico is a civil law jurisdiction while the
United States and Canada are common law adherents. Even among common law
countries, the statutory and regulatory schemes vary greatly and the
differences among all of the NAFTA countries are astounding.
We have been transacting business in Mexico since the passage of
NAFTA and have helped Fortune 75 companies obtain the proper authorizations to
establish country operations. In addition, our lawyers have been
intimately involved in the development of real estate in Mexico and can help
developers considering going to Mexico shorten the process of acquiring and
entitling real estate. This can be particularly helpful if fluency in
Spanish is an issue.
McCarrey Law
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