First Circuit Nixes Another Attempt at Unraveling Puerto Rico’s Debt Arrangement

June 26, 2019

First Circuit Nixes Another Attempt at Unraveling Puerto Rico’s Debt Arrangement

The logical court to challenge the constitutionality of PROMESA isn’t the PROMESA court itself.

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Opinion Link

View Opinion

https://abi-opinions.s3.amazonaws.com/Puerto_Rico-Ambac.pdf

Case Details

Case Citation

Ambac Assurance Corp. v. Commonwealth of Puerto Rico (In re Financial Oversight and Management Board of Puerto Rico), 18-1214 (1st Cir. June 24, 2019)

Case Name

Ambac Assurance Corp. v. Commonwealth of Puerto Rico (In re Financial Oversight and Management Board of Puerto Rico)

Court

1st Circuit

Bankruptcy Tags

Bankruptcy Litigation

Practice and Procedure

Business Reorganization

Municipal Bankruptcy

Puerto Rico