In this article published in Law360, Bradley Wendt provides context around Puerto Rico petitioning for court protection, and thereby creating the largest municipal bankruptcy in U.S. history. He reviews the legislative process leading to the filing for court protection, including a discussion of parties supporting and opposing the filing. The review concludes with an analysis of the dominant debt restructuring issues being considered by the court and stakeholders. To read the article, click the link below.
Pension risk transfer litigation: Current trends and economic issues
Introduction to pension risk transfer Defined benefit (DB) pension plans create liabilities that expose plan sponsors to risks such as longevity risk,...