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<a href="http://www.accessmylibrary.com/coms2/summary_0286-23279640_ITM" title="Facts and information about What U.S. creditors should know about Mexico's new bankruptcy law. (International Section).">What U.S. creditors should know about Mexico's new bankruptcy law. (International Section).</a>
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What U.S. creditors should know about Mexico's new bankruptcy law. (International Section).
Mexico's new bankruptcy law, codified as the Ley de Concursos Mercantiles (LCM"), became effective on May 13, 2000. It incorporates the best international practices, including the recommendations of the World Bank and draws upon domestic experience under the former commercial and insolvency regulatory system to create a modern, transparent and efficient system for the resolution of insolvency proceedings. The primary objectives of the LCM are to preserve and protect the rights of the various local and foreign constituencies involved in an insolvency proceeding, and to maximize the value of the assets of the bankruptcy estate and their equitable distribution to the ...
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