Overview
- The Supreme Court of Mexico has listed cases tied to Grupo Salinas’ SAT assessments and will determine the amounts owed according to law.
- President Claudia Sheinbaum said her government will act strictly under the Fiscal Code, noted that lawful discounts are available if payment is made, and accused Ricardo Salinas Pliego of adopting a far‑right stance.
- In New York, Judge Paul G. Gardephe ordered TV Azteca and 39 affiliates to file by Nov. 12 a motion to dismiss or stay proceedings pending private arbitration and to submit plans for a potential trial start by early December.
- Creditors assert that a 2017 TV Azteca bond has grown from $400 million to about $580 million with interest, and they have initiated ICSID arbitration against the Mexican state.
- A Mexican appellate ruling in late October revoked protective measures for TV Azteca, with court filings indicating roughly $580 million is at issue in favor of creditors represented by The Bank of New York Mellon.