Weathering the storm: Vitro’s Concurso plan is theoretically enforceable in the United States . . . but not this time . . . under these circumstances

On November 28, 2012, the United States Court of Appeals for the Fifth Circuit published an opinion affirming the bankruptcy court’s ruling that the Mexican Plan of Reorganization (the “Concurso Plan”) of the Mexican glass-manufacturing company, Vitro, S.A.B.

Filed under:
USA, Insolvency & Restructuring, Litigation, Haynes and Boone LLP, Comity, Stay of execution, United States bankruptcy court, Fifth Circuit
Authors:
Robin E. Phelan , Scott Everett , Judith Elkin , Jordan Bailey
Location:
USA
Firm:
Haynes and Boone LLP
Weathering the storm: vitro’s concurso plan is manifestly contrary to public policy . . . at least for now

On June 13, 2012, the United States Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”) published an opinion ruling on whether the Mexican Plan of Reorganization (the “Concurso Plan”) of the Mexican glass-manufacturing company, Vitro, S.A.B.

Filed under:
USA, Texas, Insolvency & Restructuring, Litigation, Public, Haynes and Boone LLP, Debtor, Comity, Title 11 of the US Code, United States bankruptcy court, US District Court for Northern District of Texas
Authors:
Robin E. Phelan , Scott Everett , Autumn D. Highsmith , Jordan Bailey
Location:
USA
Firm:
Haynes and Boone LLP