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Sheinbaum to Meet Grupo Salinas Creditors Over USMCA Arbitration

She frames the meeting as a treaty dispute that places the Mexican government at the table.

Overview

  • The president said she received a request from U.S. bondholders and will receive them with the Economy Ministry present.
  • She described the arbitration claim as alleging Mexican court actions were used to avoid paying a U.S. judgment tied to bond defaults.
  • She stressed that U.S. and Mexican proceedings are distinct, stating that cases in each jurisdiction remain separate.
  • Asked about freezing Ricardo Salinas Pliego’s Mexican accounts, she said the SAT would have to review the issue and she does not know if it has that authority.
  • Parallel disputes continue, including a U.S. suit seeking about $500 million from TV Azteca and at least nine domestic tax cases totaling roughly 45 billion pesos, with Grupo Salinas acknowledging 32 fiscal suits.