• Challenges in Conducting Cross-Border Real Estate Transactions Due to Differences in Legal Practices, Language and Culture - a Mexico Perspective
  • January 29, 2016 | Author: Adriana Reyes
  • Law Firm: Procopio, Cory, Hargreaves & Savitch LLP - Austin Office
  • Mexico is the United States second-largest export market just after Canada and its third-largest trading partner (after Canada and China). Thousands of cross-border transactions are conducted each day between the two countries, including many involving real estate investments. When participating in a cross-border deal lawyers and entrepreneurs from both sides of the border may encounter that the transaction, process, legal or business practice, may be different than expected. This document briefly discusses the most common differences that an international attorney (and his client) may encounter when participating in an industrial or commercial transaction involving real estate located in Mexico. Among the many types of transactions, conveyancing provides an excellent example of the challenges to be faced.