Mr Carlos Romero

Carlos Romero

Lawyer biography

Carlos Romero focuses his practice on corporate law, providing clients with practical and concise advice. He joined the firm in 2016, the same year in which he finished his law studies at Escuela Libre de Derecho.

Prior to joining Hogan Lovells, Carlos began his legal practice at a Mexican law firm focusing on corporate governance and contracts.


Updates

Banking

Supreme Court strengthens interest rate rules
Mexico | 20 September 2019

The Mexican courts have issued several precedents to eradicate the existence of usury, allowing judges to discretionally reduce interest rates agreed by the parties. However, some of these precedents contradict each other as to whether the usury prohibition applies to default interest. As such, the First Chamber of the Supreme Court recently issued a decision to clarify these inconsistencies.

Cashless money transactions – Mexico's new payment method
Mexico | 19 July 2019

Digital collection (CoDi) is the latest electronic payment method developed by the Mexican Central Bank, designed to reduce the use of cash and promote competition, while incorporating larger sections of the population into the formal financial sector. It seems that Mexico is moving forward in financial technologies, such as CoDi, and using these developments to promote larger inclusion, competition and transparency for every sector in the country.

Supreme Court clarifies use of choice-of-jurisdiction clauses in adhesion contracts
Mexico | 17 May 2019

Under Mexican commercial regulations, contracting parties have traditionally been free to determine in their corresponding agreement the jurisdiction in which disputes must be resolved. However, a new binding precedent from the Supreme Court challenges this traditional approach with regard to banking adhesion contracts and is a good example of how Mexico is advancing its consumer protection regulations.

National Banking and Securities Commission amends general rules for credit institutions to curb identity theft
Mexico | 06 October 2017

In recent years, Mexico has been rated as having one of the highest rates of credit card fraud in the world. The National Banking and Securities Commission recently published the Resolutions that Modify the General Rules Applicable to Credit Institutions, which require credit institutions to verify information and documentation filed by users and customers with different government bodies in order to assure the identity of each prospective customer.