A Corredor Público is a legal professional in

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

with specific functions in the field of

commerce Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, nation ...

. The main purpose of a Corredor Publico is to broker transactions between

merchants A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business or trade. Merchants have operated for as long as industry ...

. The position was redefined via

legislation Legislation is the process or result of enrolling, enacting, or promulgating laws by a legislature, parliament, or analogous governing body. Before an item of legislation becomes law it may be known as a bill, and may be broadly referred to ...

on December 28, 1992, as published in the Federal Official Daily Gazette by the Mexican Congress. It is regulated under the Corredor Publico Federal Law, which has federal jurisdiction in Mexico for most of the functions in which the Corredor Publico is competent.

History

In the twentieth century, the activities of the Corredor Publico were regulated under the abrogated section three of title one of book one of the current Commerce code for the Country of Mexico. The position was redefined in 1992 in order to fulfill the demands of commercial activities in Mexico and due to the signing of the North American Free Trade Agreement, which came into effect in 1994. Under Mexican legislation, the Corredor Publico is a fully credited lawyer that has the full support and accreditation of the Mexican federal government. The activities are supervised by the Ministry of Economy.

Functions

In accordance to Article 6 of the Corredor Publico

Federal law Federal law is the body of law created by the federal government of a country. A federal government is formed when a group of political units, such as states or provinces join in a federation, delegating their individual sovereignty and many po ...

, the main functions of this legal professional are: * To intermediate commercial transaction between buyers and sellers, acting as a licensed broker * To act as judge under commercial arbitration * To act as legal advisor, similar to a solicitor for common law judicial systems * To appraise any kind of goods, services, rights and obligations * To act as a notary public under federal jurisdiction issues; these are focused mainly on commercial transactions The Corredor Publico is similar to a Civil Law notary public, but with specialized training in commercial (mercantile) law. Activities range from the simple incorporation of Mexican corporations to the most complex business transactions. Currently there are approximately 300 active Corredores Publicos in Mexico.

References

{{DEFAULTSORT:Corredor Publico Law of Mexico