Altos Hornos de México, S.A.B. de C.V. (Chapter 15)

Case No. 16-11890


Case Background

Altos Hornos de México, S.A.B. de C.V. (“AHMSA”) is subject to a suspension of payments proceeding (the “SP Proceeding”) before the First Civil Court of First Instance for the Judicial District of Monclova, Coahuila, United Mexican States (the "SP Court").  The SP Proceeding is being conducted pursuant to the law of Bankruptcy and Suspension of Payments (the "SP Law"), which was the law in effect when AHMSA filed for suspension of payments in May 1999.

On December 16, 2014, AHMSA filed its general payment agreement (the “Plan”) with the SP Court. The Creditors Meeting was held on April 18, 2016, at which the requisite majority of the Company’s creditors holding recognized claims voted to approve the Plan.  On May 16, 2016, the SP Court issued the Lifting Order, approving the Plan and “lifting” AHMSA’s suspension of payments.  The applicable appeals time period with respect to the Lifting Order in Mexico has expired without an appeal having been filed and without opposition of any of the creditors.  On August 3, 2016, the SP Court issued an order authorizing Francisco Javier Gaxiola Fernández, the “síndico” in AHMSA’s SP Proceeding, to act as the proposed Foreign Representative (the “Foreign Representative”) of a chapter 15 case to be commenced on behalf of AHMSA.

On August 16, 2016, the Foreign Representative filed a voluntary petition (the “Chapter 15 Case”) on behalf of AHMSA under chapter 15 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “U.S. Bankruptcy Court”).  The Chapter 15 Case is pending before the Honorable Kevin Gross under Case No. 16-11890.

This website is for informational purposes only and is not a part of, and should not be relied upon in connection with, the SP Proceeding.  See the "Disclaimer" below.  For any media-related inquiries, please call (212) 521-4961.

Important Information & Dates

Hearing on First Day Motions

A hearing on AHMSA's First Day Motions was held on August 17, 2016 at 11:00 a.m. (ET) before the Honorable Kevin Gross, United States Bankruptcy Court for the District of Delaware, 824 North Market Street, 6th Floor, Courtroom #3, Wilmington, DE 19801. Please click below to view and download the Debtor's Chapter 15 Petition, First Day Motions and First Day Orders:

Chapter 15 Petition

First Day Motions

First Day Orders

Final Recognition Granted

The court has approved the Debtor's chapter 15 petition and the relief requested on a final basis. The relief granted includes recognizing the SP Proceeding as a foreign main proceeding under chapter 15 of the Bankruptcy Code and giving full force and effect to orders entered in the SP Proceeding.

Order Granting (I) Recognition of Foreign Main Proceeding (II)Enforcement of Lifting Order and (III) Certain Related Relief, Order Signed on 9/30/2016


Parties

Counsel to the Foreign Representative

  • Young Conaway Stargatt & Taylor, LLP

    Rodney Square
    1000 North King Street
    Wilmington, DE   19801
    http://www.youngconaway.com/
    Phone: 302.571.6600
    Fax: 302.571.1253

    Matthew B. Lunn, Esq.
    Maris J. Kandestin, Esq.
    Ian J. Bambrick, Esq.

U.S. Counsel to AHMSA

  • Willkie Farr & Gallagher LLP

    787 Seventh Avenue
    New York, NY   10019
    http://www.willkie.com/
    Phone: 212.728.8000

    Maurice Lefkort, Esq.
    Marc Abrams, Esq.
    Ji Hun Kim, Esq.

  • Morris, Nichols, Arsht & Tunnell LLP

    1201 North Market Street, 16th Floor
    PO Box 1347
    Wilmington, DE   19899-1347
    http://www.mnat.com/
    Phone: 302.658.9200
    Fax: 302.658.3989

    Robert J. Dehney, Esq.
    Erin R. Fay, Esq.

Mexican Counsel to AHMSA

  • Guerra González y Asociados S.C.

    Av. Prolongación Juárez s/n Primer Piso 25770
    Monclova, Coahuila   Mexico

    Jaime R. Guerra Gonzalez
    Ricardo Silverbauer Carvallo

United States Trustee and Court Information

Debtor

Case Number Debtor Name Petition Date
Case Number 16-11890 Debtor Name Altos Hornos de Mexico, S.A.B. de C.V. (Ch. 15) Petition Date August 16, 2016