New Delaware Chapter 15 Filing – Altos Hornos de México, S.A.B. de C.V.
Francisco Javier Gaxiola Fernández, the foreign representative of Altos Hornos de México, S.A.B. de C.V. (the “Debtor”) in a proceeding under Mexico’s Bankruptcy and Suspension of Payments law pending before the First Civil Court of First Instance for the Judicial District of Monclova, Coahuila, Mexico (the “Mexican Court”) has filed a chapter 15 petition on behalf of the Debtor before the United States Bankruptcy Court for the District of Delaware (Case No. 16-11890). The case has been assigned to the Honorable Kevin Gross. The Debtor is an integrated steel producer located in Mexico. The chapter 15 proceeding has been filed in support of a plan approved by the Mexican Court. The chapter 15 petition, verified petition for recognition (without exhibits) and declaration of the foreign representative in support of the chapter 15 petition (without exhibits) are provided.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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