Vitro has won a Mexican court appeal to continue with its pre-packaged debt restructuring, The Wall Street Journal reports. The Mexican glass maker, which faced creditor opposition to its proposed restructuring, witnessed a setback after a separate court ruled against the plan to vote $1.9 billion in intercompany debt as a way of winning sufficient creditor support for the pre-packaged restructuring proposal. Vitro is also struggling to keep its U.S. subsidiaries from involuntary Chapter 11 proceedings. In 2009, the company defaulted on its debt and is looking to restructure around $1.5 billion in debt, excluding the intercompany debt.

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