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CT Investment Management Co. LLC v. Cozumel Caribe S.A. de C.V. (In re Cozumel Caribe)

CT Investment Management Co. LLC v. Cozumel Caribe S.A. de C.V. (In re Cozumel Caribe)

Ruling
LLC's proceeding against foreign debtor stayed for 180 days pending ruling from Mexican court.
Procedural posture

LLC filed an adversary proceeding against defendant debtor, a Mexican company that was involved in litigation in Mexico under the Mexican Business Reorganization Act, seeking a determination that funds the LLC managed in the United States did not belong to the debtor. The debtor's foreign representative asked the court to stay the LLC's action.

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Commercial opinion summary, case decided on November 14, 2012 , LexisNexis #1212-033