Dario Oscos on the Vitro case | Oscos Abogados | Video

World Finance interviews Dario Oscos, Senior Partner at Oscos Abogados, on the Vitro bankruptcy case one year from final verdict

December 31, 2012

Vitro, the Mexican-based glass manufacturer, defaulted on $1.5bn of debt in 2009 – but before so doing ensured its subsidiaries were its major creditors, allowing the company to control its own reorganisation proceedings. Its bankruptcy plan is preliminarily valid in Mexico but in the US it has been rejected: Dario Oscos explains the significance of this decision, its implications for cross-border trade, and the timeframe for a final verdict.