January 13, 2020
Supreme Court let a First Circuit opinion stand that barred bondholders from compelling payment during Puerto Rico’s restructuring under PROMESA.
October 8, 2019
California judge sides with former Bankruptcy Judge Steven Rhodes by holding that the U.S. Trustee does not have statutory power to appoint an unsecured committee in a chapter 9 case.
August 6, 2019
Dissenter in the First Circuit recommends that the Supreme Court hear and reverse an opinion allowing Puerto Rico to withhold payments from bondholders.
Dissenter in the First Circuit recommends that the Supreme Court hear and reverse an opinion allowing Puerto Rico to withhold payments from bondholders.
June 26, 2019
The logical court to challenge the constitutionality of PROMESA isn’t the PROMESA court itself.
The logical court to challenge the constitutionality of PROMESA isn’t the PROMESA court itself.
March 29, 2019
First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.
First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.
March 28, 2019
First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.
First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.