Cole Schotz P.C (LexBlog Mexico)
6 results for Cole Schotz P.C (LexBlog Mexico)
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New Ch. 11 Filing Post – Grupo Posadas
On October 26, 2021, Grupo Posadas S.A.B. de C.V., a Mexico City-based hospitality company, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Lead Case No. 21-11831). Grupo Posadas owns, leases, operates, and manages resorts, hotels, and villas in urban and coastal areas...
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New Chapter 11 Filing – BL Santa Fe, LLC
On August 30, 2021, BL Santa Fe, LLC, along with one affiliated debtor doing business as Bishops Lodge, an Auberge Resorts Collection luxury hotel and resort located in Santa Fe, New Mexico, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No....
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New Mexico Legalizes Adult-Use Cannabis
New Mexico Governor Grisham signed the Cannabis Regulation Act, legalizing adult-use cannabis on Monday, April 12, 2021. The law legalizes possession of up to two ounces of cannabis by those 21 and over, and requires the newly-created Cannabis Control Division to release regulations by January 1, 2022, with the goal of having legal sales in...
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Excise Tax or Regulatory Fee? A Warning for Bankruptcy Practitioners and Cannabis Clients
In In re Sandia Tobacco Mfrs, Inc., 2018 WL 4964295 (Bankr. D.N.M. Oct. 12, 2018), the Bankruptcy Court for the District of New Mexico recently held that certain outstanding “assessments” arising under the Fair and Equitable Tobacco Reform Act of 2004, 7 U.S.C. §§ 518-519(a), and its accompanying regulations were excise taxes entitled to priority...
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New Delaware Chapter 11 Filing – ONE Aviation Corporation
ONE Aviation Corporation, along with eleven subsidiaries and affiliates, has filed a petition for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-12309). ONE Aviation, based in Albuquerque, New Mexico, is an aircraft manufacturer that was formed by the 2015 merger between Eclipse...
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New Delaware Chapter 15 Filing – Altos Hornos de México, S.A.B. de C.V.
Francisco Javier Gaxiola Fernández, the foreign representative of Altos Hornos de México, S.A.B. de C.V. (the “Debtor”) in a proceeding under Mexico’s Bankruptcy and Suspension of Payments law pending before the First Civil Court of First Instance for the Judicial District of Monclova, Coahuila, Mexico (the “Mexican Court”) has filed a chapter 15 petition on...