Results for Mexico
- Mexico Housing Bust Bruises Investors, Buyers
Home buyers and investors are turning their backs on Mexico's low-income housing darlings, bringing a government-fueled boom that lasted more than a decade to a screeching halt. Scores of new homes in far-flung communities sit empty, while banks hav ...
Daily Headline - global.abi.org - 05/29/2013 - 22:24 - 0 comments
- Mexico's Homex Says Some Creditors Could Seek Early Payment
Creditors of struggling Mexican homebuilder Homex could seek accelerated payment of the company's debt after Homex missed payments on derivative positions, according to a filing on Wednesday, Reuters reported. Failure to meet payments due on derivat ...
Daily Headline - global.abi.org - 05/22/2013 - 20:36 - 0 comments
- In Mexico, Troubling Times
Mexican home builders and their creditors have been hiring U.S. bankruptcy lawyers and other advisers, as the companies struggle with mounting debt obligations, The Wall Street Journal reported. Two of the country's leading builders—Urbi Desarro ...
Daily Headline - global.abi.org - 05/15/2013 - 21:08 - 0 comments
- Mexico Seeks Easier Foreclosures, Cheaper Loans
Mexico's government proposed a sweeping overhaul of the banking sector Wednesday to make credit cheaper and more available, a move desperately needed in a country where bank loans represent less than 20 percent of GDP - one-tenth the level seen in t ...
Daily Headline - global.abi.org - 05/08/2013 - 21:48 - 0 comments
- Complex Cross-Border Bankruptcy Issues (Chapter 15)
Complex Cross-Border Bankruptcy Issues (Chapter 15) (2013 ABI New York City Bankruptcy Conference) - Alan W. Kornberg, Kenneth A. Buckfire, Hon. Martin Glenn, Gary L. Kaplan, Madlyn Gleich Primoff, Glenn E. Siegel (Chapter 15, Mexico, North Ame ...
Resource Article - abi_editor - 05/08/2013 - 16:38 - 0 comments - 0 attachments
- Mexican Homebuilder Geo Seeks Restructuring as Bonds Sink
Corp. Geo SAB, Mexico’s second- largest publicly traded homebuilder, said it will seek to restructure debt after bleeding cash for a third straight year, sparking a selloff that sent its bonds to record lows, Bloomberg reported. Geo hired Fians Capital t ...
Daily Headline - global.abi.org - 04/14/2013 - 22:37 - 0 comments
- Mexico's Vitro Says Reaches Debt Deal To End Court Battle
Mexico's Vitro said on Monday it had ended a lengthy legal fight with creditors after a Mexican businessman bought a chunk of the glassmaker's debt held by funds that had led the court fight, Thomson Reuters News & Insight reported. Under t ...
Daily Headline - global.abi.org - 03/04/2013 - 22:25 - 0 comments
- Shattered: Vitro SAB de CV, Chapter 15 and § 1507
THE INTERNATIONAL SCENE: Shattered: Vitro SAB de CV, Chapter 15 and § 1507 (citation: Rafael X. Zahralddin-Aravena, Shattered: Vitro SAB de CV, Chapter 15 and § 1507, XXXII ABI Journal 1, 32-33, 73-74, February 2013) - Rafael X. Zahralddin-Aravena ...
Resource Article - abi_editor - 02/07/2013 - 17:50 - 0 comments - 0 attachments
- Axtel Shares Fall as Bondholders Said to Reject Restructuring
Axtel SAB plunged the most in three weeks after a creditor group said it would reject the company’s restructuring offer. The stock of Mexico’s second-largest land-line phone carrier fell 3.9 percent to 3.19 pesos at 1:59 p.m. in Mexico City Friday. Bondh ...
Daily Headline - global.abi.org - 01/13/2013 - 23:38 - 0 comments
- Mexico's Vitro Seeks $1.59 Billion In Damages From Hedge Funds
Mexican glassmaker Vitro said on Monday it had begun a legal process to recover up to $1.59 billion in damages from hedge funds who sued the company in Mexico but lost on appeal, Reuters reported. Vitro went through a $3.4 billion bankruptcy reorganizati ...
Daily Headline - global.abi.org - 12/18/2012 - 21:40 - 0 comments