1st Circ. Mulls Creditors' Role In Puerto Rico Recovery
Law360, Boston (June 5, 2018, 3:56 PM EDT) -- The First Circuit on Tuesday questioned whether a group of bondholders can step in and influence the actions of Puerto Rico's struggling public entities, during a morning of arguments before the appellate panel centering on the island commonwealth's historic restructuring.
The creditors are appealing a ruling by U.S. District Judge Laura Taylor Swain, a New York federal judge appointed to preside over the bankruptcylike cases for Puerto Rico's public institutions, who said only public officials and their appointees can dictate restructuring efforts.
Thomas Moers Mayer of Kramer Levin Naftalis & Frankel LLP, an attorney for the creditors, argued that a receiver...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!