Update of amounts established in the Code of Commerce and the Code of Civil Procedures for Mexico City

Update of amounts established in the Code of Commerce and the Code of Civil Procedures for Mexico City

According to the information regarding the increase in the National Consumer Price Index, as well as the publication by the Ministry of Economy of the "Agreement for the updating of the amounts established in articles 1067 bis section II, 1253 section VI, 1339, 1340 and 1390 bis 33 of the Code of Commerce", in the Official Gazette of the Federation of December 24, 2020, the Judiciary Council of Mexico City determined to make it known to the general public that the amounts established in said articles will be updated on January 1, 2021, as follows:

• Under the provisions of Articles 1339 and 1340 of the Commercial Code, the Lower Civil Courts of Mexico City shall hear businesses of ordinary or concurrent contentious jurisdiction for amounts not exceeding $705,379.03 mexican pesos.

• As to the sanctions provided for in Article 1390 bis 33 of the Code of Commerce, within Commercial Oral Trial procedures, they may not be less than $2,376.16 or more than $7,695.30 mexican pesos.

• For Article 1067 bis, Section II of the Commercial Code, the amount is updated to $8,464.55 mexican pesos.

• For cases under Article 1253, Section VI of the Commercial Code, the fine will be up to $4,232.27 mexican pesos.

On the other hand, the amount of fines, pecuniary sanctions, amounts of matters subject to appeal, and other relative issues provided for in the Code of Civil Procedures for Mexico City, in terms of Article 62, will be updated for the year 2021.

For more information about the updating of the different amounts provided for in the Commercial Code and the Code of Civil Procedures for Mexico City, you may consult the notice of agreement 30-47/2020 at the following link: https://bit.ly/3vwfqju