Navigating complexities of two legal systems requires some expertise
Michael J. Venditto, Reed Smith, New York City
and Alonso Gómez del Campo, Rodríguez Dávalos Abogados, Mexico City
Markets and financial distress do not respect national borders. With no border wall to protect Mexico’s nascent oil and gas industry, it is susceptible to the same economic headwinds that have plagued global markets for the last several years. In the face of these forces, many US companies have used Chapter 11 of the Bankruptcy Code, either as a tool or a threat, to restructure their balance sheets. But what tools are available if the assets or business are located in Mexico?
The Mexican insolvency regime has some similarities to, and diff…
Read the full article at: http://www.ogfj.com/articles/print/volume-14/issue-12/features/financial-restructuring-south-of-the-border.html