New Rules Governing Fees Earned by Trustees

February 14, 2008
New Rules Governing Fees Earned by Trustees

Parties contributing to Mexican trusts (trustors or fideicomitentes), trustees and beneficiaries of trusts created under Mexican law shouldverify that such trusts do not have pending trustee fees due and owing based on recent amendments to the General Law of CreditInstruments and Transactions (Ley General de Títulos y Operaciones de Crédito) published at the beginning of this month, which authorizebanking institutions serving as trustees of Mexican trusts to dissolve any trust in which late trustee fees are more than three years past due.

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