In Re Vitro — Clarity Pending

Law360, New York (June 20, 2012, 1:25 PM EDT) -- On June 13, 2012, the bankruptcy court for the Northern District of Texas in In re Vitro SAB de C.V. declined to recognize and enforce an order issued by the Federal District Court for Civil and Labor Matters for the State of León, Mexico, which approved Vitro SAB’s reorganization plan in its Mexican insolvency proceeding (known as a concurso mercantil proceeding). Vitro SAB. v. ACP Master Fund Ltd., et al., Case No. 11–33335 (HDH), (Bankr. N.D. Tex. June 13, 2012).

The Texas bankruptcy court’s refusal to...
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