Law360, New York (July 18, 2007, 12:00 AM EDT) -- In June 2006, the new Ley del Mercado de Valores came into effect, and introducing a new form of business entity called sociedad anónima promotora de inversion, or SAPI. The SAPI is a stock corporation that provides its shareholders with a number of opportunities previously limited or banned in Mexico.
Under the new law, Mexico matched legislative advances of other Latin American jurisdictions that were successfully attracting private equity investment.
Argentina, for example, enacted the Unión Transitoria de Empresa, a contractual arrangement for two or more...
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