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Vitro bondholder collections barred until judge rules on enforcement of Mexican concurso plan in U.S.

Post Time:Mar 13,2012Classify:Company NewsView:248

 

Officials of 

 

The restraining order is intended to maintain the "status quo" until the court determines whether or not Vitro's reorganization plan--

 

“This order should not be construed by any party or touted as a victory,” said Judge Harlin Hale in a ruling cited by Bloomberg. “It is simply an attempt to maintain the status quo for a short period until the ultimate issue in the case, the enforceability of the Mexican plan” in the U.S., can be decided, he said, according to the 

 

Source: http://www.glassmagazine.comAuthor: shangyi

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