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.
Issue: 
ABI Membership is required to access the full summary of CT Investment Management Co. LLC v. Cozumel Caribe S.A. de C.V. (In re Cozumel Caribe). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on November 14,2012, LexisNexis #1212-033