Puerto Rico Bondholders Lose Another Appeal in the First Circuit | ABI

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March 30, 2020

Puerto Rico Bondholders Lose Another Appeal in the First Circuit

The First Circuit shows no inclination to allow creditors to bust out of the PROMESA restructuring of Puerto Rico’s debt.

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Opinion Link

View Opinion

https://abi-opinions.s3.amazonaws.com/Puerto+RIco+ttee+opinion.pdf

Case Details

Case Citation

Andalusian Glob. Activity Co. v. Fin. Oversight & Mgmt. Bd. for P.R. (In re Fin. Oversight & Mgmt. Bd. for P.R.), 20-1065 (1st Cir. Jan. 30, 2020)

Case Name

Andalusian Glob. Activity Co. v. Fin. Oversight & Mgmt. Bd. for P.R. (In re Fin. Oversight & Mgmt. Bd. for P.R.),

Case Type

Court

Bankruptcy Tags

Fraudulent Transfers

Finance and Banking

Municipal Bankruptcy