In a significant development in the ongoing battle between Forbes magazine and a Mexican distributor, a New York federal judge decreed on Tuesday that the latter is barred from trying to enforce a Mexican City court order. This order was previously averting Forbes from terminating their distribution agreement with the Mexican company, as both parties prepare to arbitrate a contract renewal disagreement.
This ruling flows against the previous Mexican City court decision, which had ordered that the deal between Forbes and its Mexican distributor could not be dissolved until the companies had resolved their dispute through arbitration. The arbitrations are set up to determine the possibility of a contract renewal between the two companies. Now, with the recent ruling by the New York federal judge, Forbes gains an upper hand in these proceedings, potentially altering the course of the arbitration.
For more details regarding this unfolding legal drama between Forbes magazine and its Mexican distributor, one can refer to the original Law360 article to understand its implications and future trajectory.