Two funding funds collectors of Aztec Tv They demand that the Mexican State pay not less than 219 million {dollars}, about 3.6 billion pesos, for the safety of the capital decide Miguel Ángel Robles Villegas to Ricardo Salinas Pliego’s firm.
On Could 14, the Ministry of Economic system (SE) printed particulars of the arbitration declare filed on August 22, 2023 by the Cyrus Capital and Contrarian Capital funds, which personal a part of the debt bonds for 488 million {dollars} that TV Azteca stopped paying in February 2021.
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The funds preserve that the precautionary measures that Robles secretly issued in September 2022 to guard TV Azteca from the actions of its collectors, with out giving them the suitable to a listening to, have prevented them from suing the corporate to gather curiosity on the debt, therefore their declare for compensation from the Mexican State for violations of NAFTA.
The Ministry of Economic system has to pay US and Canadian corporations to defend the case, and an eventual hostile award in opposition to Mexico must be settled with assets from the federal funds.
