November 9, 2018 |
Bondholders who invested in the construction of a new airport in Mexico City have started to move towards taking legal action before the end of the month, sources told LatinFinance.
President-elect Andrés Manuel López Obrador last month cancelled the $13.3bn project, based on the results of an informal referendum, although the airport was already under construction and the state-owned operator GACM had already issued $6bn in bonds.
The US law firm Paul Hastings, which advised investors on GAC
Law firm Paul Hastings will hold a conference call with bondholders to discuss possible legal action