Vitro Secures Legal Protection to US Assets

Vitro Secures Legal Protection to US Assets

Mexico Corporate & Sovereign Strategy US

Troubled Mexican glass maker Vitro obtained a temporary restraining order from the US Bankruptcy court in Dallas that will help the company protect its assets from creditors as it proceeds with the restructuring of $3.6bn in debt, including $1.9bn in intercompany obligations. The court’s move is a step before it decides whether to give a nod to Vitro’s motion of enforcing its debt restructuring plan in the US, Vitro says. The court’s decision can block Vitro boldholder funds from attempting to s

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