Puerto Rico Bank Hires Cleary Gottlieb For Restructuring

Law360, New York (April 7, 2014, 10:11 PM EDT) -- The Government Development Bank for Puerto Rico has hired Cleary Gottlieb Steen & Hamilton LLP lawyers specializing in restructuring, the parties confirmed Monday, less than a month after the commonwealth, which has an estimated $70 billion in public debt, said it did not have a debt restructuring plan in place.

A spokesman for the bank, which is the fiscal agent for Puerto Rico and its instrumentalities, told Law360 late Monday that it had entered into an engagement with Cleary Gottlieb, although he did not say in what capacity.

A spokeswoman for Cleary Gottlieb told Law360 late Monday that lawyers from the...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms