Vitro: Texas Court Grants Chapter 15 Recognition

Vitro S.A.B. de C.V. has announced that on 21 July 2011 the United States Bankruptcy Court for the Northern District of Texas presiding over its Chapter 15 case entered an order granting recognition as a foreign main proceeding to Vitro SAB's voluntary reorganization concurso proceeding pending in Mexico. The Recognition Order extends the automatic stay under the US Bankruptcy Code to actions against Vitro SAB in any jurisdiction within the US by all its creditors, including holders of 2012, 2013 and 2017 notes issued by Vitro SAB. This ruling was made four days after the same judge had granted a preliminary injunction protecting Vitro Packaging Mexico, S.A. de C.V.