Mexico

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Mexico Looks to Raise Wages

Mexico is attracting record levels of foreign investment, boasts a stable economy, and is becoming an export powerhouse in areas like cars and aerospace. But when it comes to one economic measure—its minimum wage—the country lags behind only Haiti in the ...

Daily Headline - global.abi.org - 08/28/2014 - 21:35 - 0 comments

Mexican Authorities Arrest Head of Company Tied to Bank Fraud

Amado Yáñez Osuna, who headed Oceanografía, the oil services company at the center of a $400 million fraud involving Citigroup’s Mexico subsidiary, has been arrested, according to Mexico’s attorney general’s office, the International New York Times D ...

Daily Headline - global.abi.org - 05/29/2014 - 23:06 - 0 comments

Mexican Central Bank Head Warns of Spillover Effects of Dramatic Monetary Policies

The head of Mexico's central bank said Tuesday that he supports the dramatic measures that central bankers in advanced economies have taken to stabilize their economies, but emerging markets must be mindful of the spillover effects these policies ma ...

Daily Headline - global.abi.org - 05/27/2014 - 21:51 - 0 comments

Owner of Bankrupt Mexico Airline Seeking U.S. Asylum

The fugitive businessman who controlled Mexicana airlines before it went bankrupt and was recently charged with illegal use of the airline's funds has asked for asylum in the United States, a federal official said Wednesday, the Associated Press rep ...

Daily Headline - global.abi.org - 05/14/2014 - 21:14 - 0 comments

PRACTICE & PROCEDURE: Revisiting Nondebtor Releases in Chapter 15 Cases

PRACTICE & PROCEDURE: Revisiting Nondebtor Releases in Chapter 15 Cases (citation: Nicholas J. Cremona, Natacha Carbajal and George Klidonas, Revisiting Nondebtor Releases in Chapter 15 Cases, XXXIII ABI Journal 3, 12-13, 89, March 2014) - Nichol ...

Resource Article - abi_editor - 05/13/2014 - 12:40 - 0 comments - 0 attachments

Mexico Homebuilder Homex Files For Bankruptcy, Seeks Financing

Troubled Mexican homebuilder Homex has filed for bankruptcy after gaining the support of a majority of its creditors, the company said on Thursday, Reuters reported. The Culiacan-based company, which has struggled with a heavy debt load and slumping home ...

Daily Headline - global.abi.org - 05/01/2014 - 21:56 - 0 comments

Mexico Homebuilder Geo Enters Bankruptcy Protection

Mexican homebuilder Geo said on Monday that it entered bankruptcy protection after a judge accepted its filing for restructuring, Reuters reported. The company, which said last month that it gained the support of the majority of its creditors in a so-cal ...

Daily Headline - global.abi.org - 04/21/2014 - 22:22 - 0 comments

Mexico Flagship Airline Mexicana Declared Bankrupt

Mexicana airlines, which suspended flights four years ago due to its heavy debt load, was declared bankrupt on Friday, paving the way to dismantle the iconic company, once one of Mexico's top two carriers, Reuters reported. About 30 investors sought ...

Daily Headline - global.abi.org - 04/06/2014 - 22:29 - 0 comments

Mexico Homebuilder Geo Files For Bankruptcy

Mexican homebuilder Geo , which has struggled with a heavy debt load and slumping home sales, has filed for bankruptcy after gaining the support of the majority of its creditors, Reuters reported. Geo, once Mexico's biggest homebuilder with sales of ...

Daily Headline - global.abi.org - 03/20/2014 - 22:12 - 0 comments

Mexico's Geo to File for Bankruptcy

Home builder Corporación Geo SAB is preparing to file for bankruptcy protection in Mexico as early as Thursday to restructure a roughly $1.5 billion debt load that has brought its output to a near-standstill, people familiar with the company's plans ...

Daily Headline - global.abi.org - 03/13/2014 - 23:32 - 0 comments

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