Avoiding Powers Under PROMESA May Be Applied Retroactively

September 7, 2018

Avoiding Powers Under PROMESA May Be Applied Retroactively

Defining collateral by reference in a UCC-1 is held invalid in Puerto Rico’s bankruptcy.

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Opinion Link

View Opinion

https://cases.primeclerk.com/puertorico/Home-DownloadPDF?id1=NzI4OTQ4&id2=0

Case Details

Judge Name

Laura Taylor Swain

Case Citation

Financial Oversight and Management Board for Puerto Rico v. Altair Global Credit Opportunities Fund (A) LLC (In re Financial Oversight and Management Board for Puerto Rico), 17-213 (D. P.R. Aug. 17, 2018).

Case Name

In re Financial Oversight and Management Board for Puerto Rico

Court

1st Circuit

Puerto Rico

Bankruptcy Tags

Claims

Finance and Banking

Municipal Bankruptcy

Puerto Rico