Commercial conveyances regarding business combinations are governed by federal laws. As commercial acts are within the federal subject matter jurisdiction, the GLBC governs all forms of mercantile entities as well as mergers whereas the CC governs joint venture agreements thereupon, while the CC and FCC are set forth as default provisions and will be applicable only if the GLBC does not foresee a special provision.
Guide to Mergers & Acquisitions in Mexico – Getting the Deal Through –Mergers & Acquisitions 2008.