A Corredor Público is a legal professional in

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

with specific functions in the field of

commerce Commerce is the organized Complex system, system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale exchange (distribution through Financial transaction, transactiona ...

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

merchants A merchant is a person who trades in goods produced by other people, especially one who trades with foreign countries. Merchants have been known for as long as humans have engaged in trade and commerce. Merchants and merchant networks operated i ...

. 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 ...

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 The North American Free Trade Agreement (, TLCAN; , ALÉNA), referred to colloquially in the Anglosphere as NAFTA, ( ) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. The ...

, which came into effect in 1994. Under Mexican legislation, the Corredor Publico is a fully credited

lawyer A lawyer is a person who is qualified to offer advice about the law, draft legal documents, or represent individuals in legal matters. The exact nature of a lawyer's work varies depending on the legal jurisdiction and the legal system, as w ...

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 country has a central government as well as regional governments, such as subnational states or provinces, each with constituti ...

, 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 A notary public ( notary or public notary; notaries public) of the common law is a public officer constituted by law to serve the public in non-contentious matters usually concerned with general financial transactions, estates, deeds, powers- ...

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