How much time do I have to enforce checks, promissory notes and bills of exchange in court?
The Statute of Limitations in Mexico for enforcing checks is six months after your debtor’s bank rejects them for insufficiency of funds (considering that such checks were presented within the legal period of up to three months when the drawer is in Mexico and the drawee out of the country); one month when both parts are within the country but in different cities; and fifteen days on operations made locally. For promissory notes and bills of exchange the Statute of Limitations is generally three years after the account is overdue, and four years under the same conditions for international promissory notes and bills of exchange executed in accordance to the United Nations Convention on International Promissory Notes and International Bills of Exchange.