Federal Judge Grants Injunction In Arbitration Dispute Over Sale Of Subsidiaries

Mealey's (November 1, 2019, 3:51 PM EDT) -- NEW YORK — A federal judge in New York on Oct. 17 granted an injunction sought by petitioners seeking to sell Mexican subsidiaries to third parties after the original buyer allegedly breached their contract, finding that an ex parte injunction the buyer obtained stopping the sale affected the arbitration proceedings to which both sides agreed (Deutsche Mexico Holdings S.A.R.L., et al. v. Accendo Banco, S.A., No. 19-8692, S.D. N.Y., 2019 U.S. Dist. LEXIS 180275)....