By: Michael J. Venditto (Reed Smith) & Alonso
Gómez Del Campo (RDA)
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
differences with, the restructuring tools available in the United
States. Understanding your options in advance will help avoid
unpleasant surprises.
