Introducing Class Actions In Mexico

Law360, New York (June 22, 2011, 4:06 PM EDT) -- After a long legislative debate, on April 28, 2011, the Mexican Congress passed the country's first law permitting the use of class actions. The regulation may be especially important because of its potential for wide-ranging application, including cases involving consumer products, financial services and environmental concerns. The scope of the initiative also extends to anti-competitive practices, amending sections of the Federal Economic Competition Act to allow class actions by those harmed by monopolistic acts and market concentrations.

The regulation is set to go into effect six...
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