Former Mexico Tim Hortons Operator CEO Ducks Arbitration
By Diamond Naga Siu (January 29, 2021, 9:00 PM EST) -- The CEO of a corporation that formerly owned and operated Tim Hortons franchises in Mexico dodged a pending arbitration Friday over a soured share purchase deal, successfully arguing in New York State court that he never agreed to arbitration.
MBG Espresso Holdings had initiated arbitration against Mexico Tim Hortons operator THMF México SAPI de CV in November, since the operator allegedly did not buy back MBG's shares after their partnership ended, per their agreement.
THMF then filed a counterclaim against Mauricio Javier Barrera Garza, the MBG majority owner and CEO, but since he was not listed in the share agreement, Barrera filed a...
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