Particle.news

Download on the App Store

Sheinbaum to Meet TV Azteca Creditors After NY Judge Orders End to Mexican Suits

The order enforces the bonds’ New York forum clause, exposing TV Azteca to possible contempt if it refuses to comply.

Overview

  • U.S. District Judge Paul G. Gardephe on Sept. 22 directed TV Azteca to withdraw its 2022 actions in Mexico and barred new filings, citing New York’s exclusive jurisdiction under the 2017 bond agreements.
  • Creditors led by The Bank of New York Mellon say missed payments and interest have pushed the claim to about $580 million and argue they suffered irreparable harm litigating outside the agreed forum.
  • The Mexican cases relied on pandemic-era suspensions granted by Mexico City civil judge Miguel Ángel Robles; President Claudia Sheinbaum urged the local judiciary to review his conduct.
  • Sheinbaum said debts must be paid under the law, rejected backroom negotiations, and confirmed she will meet in the U.S. with representatives who wrote to her as creditors of Salinas Pliego’s companies.
  • The New York court warned noncompliance could trigger fines or arrest orders against executives, while related pressures include a T‑MEC arbitration and large, contested tax claims against Grupo Salinas.