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Satmex had previously filed for protection under Mexico's insolvencylaw in 2005.
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On behalf of Coryton, Britain's bankruptcy and insolvencylaw is extremely strict.
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She said insolvencylaw does not really deal with fraudulent behaviour.
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The government will repeal an ineffectual, century-old insolvencylaw and amend 11 laws now dealing with defaulters.
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Mr Faafoi said addressing Ponzi schemes now would have held up the other straightforward fixes to insolvencylaw.
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Victims of New Zealand's largest Ponzi scheme are angry that proposed insolvencylaw reforms have been shelved, leaving future investors vulnerable.
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Victims of the country's largest Ponzi scheme are angry that proposed insolvencylaw reforms have been shelved, leaving future investors vulnerable.
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The head of the parliamentary budgetary commission Menda Stoyanova said the changes will fix a loophole in the current bank insolvencylaw.
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It is expected to soon announce an agreement in principle to restructure its debt with creditors and file a "prepack" proceeding under Mexico's insolvencylaw.
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A major reform of insolvencylaws has seen a new insolvency service established.
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But she thinks the insolvencylaws are unfair and discriminate against those in financial hardship.
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The airline could also be dragged to court by its creditors under India's new insolvencylaws.
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Some States have also passed insolvencylaws.
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The changes announced by the government on Monday will be included in a future InsolvencyLaw Reform Bill.
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When it comes to the family home Ireland has probably the world's strongest and most citizen-friendly insolvencylaws.
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Mr Shatter said it was "the most radical reform of our insolvencylaws since the foundation of the State".