THE LATEST REFORM TO THE GENERAL LAW OF CREDIT SECURITIES AND OPERATIONS: A STEP TOWARDS DIGITALIZATION

On March 26, 2024, a decree was published in the Official Gazette of the Federation that reforms, adds, and repeals various provisions of the General Law of Titles and Credit Operations (LGTOC) and the General Law of Organizations and Auxiliary Credit Activities (LGOAAC). This reform represents a significant advance to encourage and provide greater legal security to the celebration of credit operations and negotiability of credit titles through electronic means and other technologies.

E-SIGNATURES: TECH’S ANSWER TO DOCUMENT AUTHENTICATION

Electronic signatures, also known as e-signatures or digital signatures, are digital representations of our handwritten signatures that are used to express our consent and validate documents and transactions online. Electronic signatures are becoming increasingly popular as technology continues to advance and change the way we do business. Electronic signatures give us the ability to share documents and express consent digitally without the need for physical signatures or even paper, as well as promoting a more environmentally friendly approach to handling and signing documents under our care.