Len Weiser-Varon

Len Weiser-Varon

Mintz Levin

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You Can Lead a Horse to Water, But You Can’t Call it an Airplane: Supreme Court Oral Arguments Suggest Puerto Rico’s Recovery Act...

A few thoughts on Tuesday’s oral arguments before the U.S. Supreme Court in the litigation over whether Puerto Rico’s Public Corporations Debt Enforcement and Recovery Act, an insolvency statute for certain of its government...more

3/25/2016 - Bankruptcy Code Chapter 9 Congressional Intent Debt Enforcement & Recovery Act (DERA) Debt Relief Impairment of Contracts Insolvency Municipal Bankruptcy Puerto Rico SCOTUS Tenth Amendment

Draft Treasury Legislation Would Give Puerto Rico Access to “Super Chapter 9” and Chapter 9 Bankruptcy

A draft of the U.S. Treasury’s proposed debt restructuring legislation began circulating earlier today. The draft legislation would give Puerto Rico, as well as other U.S. territories, and their municipalities access to U.S....more

2/26/2016 - Bonds Chapter 9 Commercial Bankruptcy Debt Restructuring Municipal Bankruptcy Pending Legislation Public Finance Puerto Rico U.S. Treasury

Que Certa, Certa: Supreme Court Creates Uncertainty with “Cert” Review of Puerto Rico Recovery Act

It is said that muddy water is best cleared by leaving it be. The Supreme Court’s December 4 decision to review the legality of Puerto Rico’s local bankruptcy law, the Recovery Act, despite a well-reasoned First Circuit...more

12/9/2015 - Certiorari Chapter 9 Creditors Debt Restructuring Municipal Bankruptcy Puerto Rico SCOTUS

First Circuit Hears Oral Arguments on Validity of Puerto Rico’s Recovery Act

A few reactions to today’s oral arguments before the U.S. Court of Appeals for the First Circuit regarding the validity of Puerto Rico’s Recovery Act...more

5/7/2015 - Appeals Bankruptcy Code Chapter 9 Oral Argument Puerto Rico

Legislative Trial Balloon for Puerto Rico Public Corporation Insolvency Process Attracts Bondholder Attention

Last Tuesday, Puerto Rico sold its much ballyhooed $3.5 billion in non-investment grade general obligation bonds. Two days later, two legislators in Puerto Rico’s Senate filed a bill which, if enacted, would permit...more

3/18/2014 - Bonds Chapter 9 Municipal Bankruptcy

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