Puerto Rico's Municipal Debt Landscape Continues To Evolve

Law360, New York (June 4, 2014, 4:47 PM EDT) -- As the Puerto Rico municipal debt landscape continues to evolve since receiving heightened media attention last summer, many legal questions continue to emerge. From academic and restructuring law perspectives, arguably one of the most intriguing questions to rise to the surface of the debate (and, it seems, remain there) has been whether and to what extent a legal framework(s) exists — or may in the future exist — to facilitate a Puerto Rico restructuring if and when pursued.

This debate seems to arise at least in part from the observation that, although Puerto Rico is ineligible for relief under Chapter 9...

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