In this Law360 article, Margarita Patria shares the advantages of using a well-designed online platform for bankruptcy auctions, which include better valuations and prices, lower information and transaction costs, and more confidence in a fair deal. Auctions in bankruptcy proceedings are in the relatively early stages of moving online. The article explains how an online auction process designed specifically to meet the needs of stakeholders can be better than the traditional approach in bankruptcies.
Puerto Rico may see higher utility rates after 1st Circ. ruling
Puerto Rico’s Financial Oversight and Management Board (FOMB) said it intends to introduce changes to the plan of adjustment to allow for payments to PREPA...