Investors see strong potential in Mexico’s offshore maritime industry, but the ongoing bankruptcy scandal of oil service company Oceanografia highlights legal and corruption concerns that remain in the frame.
Lenders are concerned by the difficulty of seizing assets if loans go bad, as well a complex system for bankruptcies that was recently reformed but remains slow-moving.
Moreover, liens derived from the government’s investigation had a wide reach, also ensnaring assets that sources say were only tangentially involved with the investigation.
“Oceanografia
