Rochelle on Vitro Bondholders Loss, Arcapita-Commerzbank: Audio
Bondholders lost one of their last three chances to stop Vitro SAB de CV (VITROA) from enforcing the Mexican reorganization in the U.S., as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss in their podcast. Arcapita Bank BSC, a Bahrainian investment bank, has latched onto a technicality in U.S. bankruptcy law that may prevent Commerzbank AG from enforcing a 125 million euro ($165.3 million) guarantee. The podcast ends with discussion of a federal law that prevents enforcement of a due-on-sale clause in a mortgage if the property is inherited from a relative.
Running time 11:24
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