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.
PROMESA turns 10: Puerto Rico's new start, unclear future
By implementing standard accounting practices, safeguarding public pension benefits through an innovative trust, and dramatically cutting tens of billions in...