U.S. Markets open in 6 hrs 32 mins
  • S&P Futures

    3,913.75
    -2.50 (-0.06%)
     
  • Dow Futures

    31,461.00
    -26.00 (-0.08%)
     
  • Nasdaq Futures

    12,138.50
    -2.00 (-0.02%)
     
  • Russell 2000 Futures

    1,760.00
    -1.70 (-0.10%)
     
  • Crude Oil

    107.41
    -0.21 (-0.20%)
     
  • Gold

    1,837.60
    +7.30 (+0.40%)
     
  • Silver

    21.40
    +0.27 (+1.28%)
     
  • EUR/USD

    1.0569
    +0.0010 (+0.0951%)
     
  • 10-Yr Bond

    3.1250
    0.0000 (0.00%)
     
  • Vix

    27.23
    -1.82 (-6.27%)
     
  • GBP/USD

    1.2285
    +0.0015 (+0.1204%)
     
  • USD/JPY

    135.1470
    -0.0230 (-0.0170%)
     
  • BTC-USD

    21,252.29
    -227.26 (-1.06%)
     
  • CMC Crypto 200

    463.48
    +9.58 (+2.11%)
     
  • FTSE 100

    7,208.81
    +188.36 (+2.68%)
     
  • Nikkei 225

    26,871.27
    +379.30 (+1.43%)
     

Mexico's Credito Real ends relationship with restructuring and legal advisors

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

MEXICO CITY, June 10 (Reuters) - Mexico's Credito Real terminated its contractual agreements with the firms that acted as its restructuring and legal advisors, as it continues to evaluate options for an orderly restructuring process, the company said.

The discount payroll lender informed the Mexican stock exchange late Thursday that it decided to terminate its relationships with DLA Piper LLP, which served as legal counsel, and FTI Consulting, which acted as a restructuring advisor.

"The decision does not shift the company's goal on continuing the evaluation of alternatives to achieve an orderly restructuring process," the firm said in a filing to the stock exchange.

Credito Real announced this week that all value-preserving alternatives are being explored, including a Chapter 11 restructuring process under applicable U.S. law. (Mexico City News Room)