NAFTA, foreign investment, and the Mexican banking system
Article Abstract:
Privatization and deregulation of the Mexican banking system are underway, with the North American Free Trade Agreement (NAFTA) bringing the threat of competition from US and Canadian banks. Because the Mexican banking industry is at a comparative disadvantage, NAFTA includes some restrictions on US and Canadian banks entering Mexico. Only subsidiary operations, not branches, can be established by US and Canadian banks in Mexico. However, even with these restrictions, many US and Canadian banks should be able to take advantage of opportunities in the Mexican market opened up by NAFTA.
Publication Name: George Washington Journal of International Law and Economics
Subject: Law
ISSN: 0748-4305
Year: 1992
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The 1993 revision of the Uniform Customs and Practice for Documentary Credits
Article Abstract:
The 1993 revisions by the International Chamber of Commerce to the Uniform Customs and Practice for Documentary Credits (UCP) are mostly beneficial, although some major issues have yet to be resolved. For example, a viable standard for bank examination of documents has yet to be established, and applicant rights against banks have not been very well addressed. The UCP has been drafted by banking officials, and thus is mostly concerned with protecting the banks' interests. More of the interested parties should be involved in future revisions.
Publication Name: George Washington Journal of International Law and Economics
Subject: Law
ISSN: 0748-4305
Year: 1995
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Is the Uniform Foreign Money-Judgments Recognition Act potentially unconstitutional? If so, should the Texas cure be adopted elsewhere?
Article Abstract:
Critics charge that the Uniform Foreign Money-Judgments Recognition Act of 1962, adopted by 22 states to supply a unified framework for the domestic enforcement and recognition of foreign judgments, is unconstitutional on due process grounds. The Texas Supreme Court borrowed from domestic civil procedure to resolve the constitutional issue. It ruled in 1990 that a separate common law action to examine the foreign tribunal's procedural fairness must be conducted before a foreign judgment can be enforced.
Publication Name: George Washington Journal of International Law and Economics
Subject: Law
ISSN: 0748-4305
Year: 1992
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