A Texas bankruptcy court ruled Wednesday that it will not enforce Vitro’s Mexican Plan of Reorganization in the United States. The ruling comes days after the counsels for Vitro and the noteholders presented their cases in front of the court.
View original post here:
Texas Court Rules to Not Enforce Mexican Vitro Plan of Reorganization
In a hearing yesterday in Texas, Vitro and the noteholders in the company’s ongoing involuntary bankruptcy case debated whether a recent Mexican bankruptcy court ruling in Vitro’s favor should be enforced in the U.S. A judge for the Fourth District Civil and Labor Matters in Monterrey, Mexico, approved Vitro S.A.B.’s Mexican restructuring plan earlier this year, while the U.S
Here is the original:
Vitro and Creditors Disagree Over Enforcement of Mexican Ruling in Texas Hearing