Overview
- President Claudia Sheinbaum said the Supreme Court has listed Grupo Salinas tax cases and will determine what must be paid according to the law.
- She reiterated that the conglomerate owes the SAT and that any collection will follow the Federal Fiscal Code, which allows statutory discounts for taxpayers who settle.
- In late October, Mexico’s Tenth Collegiate Civil Court revoked protective measures and a judicial resolution pointed to a roughly $580 million obligation tied to TV Azteca’s 2017 bonds.
- In New York, Judge Paul G. Gardephe ordered TV Azteca and 39 affiliates to file by Nov. 12 to seek dismissal or a stay while arbitration proceeds and to submit plans for a potential Dec. 5 trial start.
- Creditors estimate the bond debt at about $580 million and have initiated a CIADI arbitration against the Mexican state, while Ricardo Salinas Pliego posted a video attacking the process and alleging political persecution.