In re Commercial V.H. S.A. de C.V.

Ruling: 
Mexican insolvency proceeding recognized as foreign main proceeding over objection on public policy grounds.
Procedural posture: 
Before the court was a contested application to recognize a chapter 15 foreign proceeding and the foreign representative. An objection was filed by two defendants in a pending action in a state court.
Issue: 
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Commercial case opionion summary, case decided on September 13,2012, LexisNexis #1012-067