Vitro Outcome Legal: Mexico’s Deputy MinFin

Vitro Outcome Legal: Mexico’s Deputy MinFin

Mexico Bonds Corporate & Sovereign Strategy

Vitro's use of inter-company debt to approve its restructuring plan was perfectly legal and was resolved adequately under Mexican law, said Gerardo Rodriguez, Mexico’s deputy minister of finance speaking at the LatinFinance Cumbre Financiera Mexicana on Thursday. "The process of Vitro is perfectly legal though in any process of restructuring nobody walks away completely happy." Given that the plan underwent independent analysis by KPMG that was later approved by the Mexican judge, the final resu

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