Mintz Levin - Public Finance Matters

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Boston, MA 02111, United States

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PREPA Bondholders Seek Summary Judgment Invalidating Puerto Rico’s Public Corporation Bankruptcy Legislation

On August 11, Franklin Funds and Oppenheimer Rochester Funds filed a second amended complaint, opposition to motion to dismiss and cross-motion for summary judgment in the litigation they previously filed in the United States…more
| Bankruptcy, Civil Procedure, Commercial Law & Contracts, Constitutional Law, Finance & Banking

Puerto Rico and PREPA Seek Dismissal of Bondholder Challenge to Territory’s Bankruptcy Statute

The Commonwealth of Puerto Rico and the Puerto Rico Electric Power Authority (PREPA) yesterday filed separate motions to dismiss the federal court complaint filed last month by some PREPA bondholders seeking to invalidate the…more
| Bankruptcy, Civil Procedure, Conflict of Laws, Constitutional Law, Finance & Banking

Be PREPAred: PREPA Bondholders Greet Puerto Rico’s Bankruptcy Legislation With Federal Lawsuit

On Saturday, June 28, Puerto Rico’s Governor Padilla signed into effect Puerto Rico’s new bankruptcy law for certain revenue bond issuers. Within 24 hours of the statute’s enactment, two mutual fund complexes owning…more
| Bankruptcy, Civil Procedure, Civil Remedies, Conflict of Laws, Elections & Politics

Puerto Rico Poised to Enact Bankruptcy-Like Legislation for Certain Revenue Bond Issuers

Puerto Rico’s Governor Alejandro Garcia Padilla today introduced debt restructuring legislation which, upon enactment, would provide a judicial debt relief process in Puerto Rico’s courts for certain public corporations,…more
| Bankruptcy, Finance & Banking

Municipal Bond Market Absorbs Puerto Rico Supreme Court’s Decision that Teacher Pension Reform Legislation is Unconstitutional Contract Impairment

The latest swerve in the rollercoaster that is Puerto Rico public finance occurred on April 11 with the release of the Puerto Rico Supreme Court’s ruling striking down as unconstitutional the bulk of the territory’s teacher…more
| Commercial Law & Contracts, Constitutional Law, Education, Labor & Employment Law, Finance & Banking

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 insolvency…more
| Bankruptcy, Commercial Law & Contracts, Finance & Banking, Business Torts

Legal Highlights in Puerto Rico’s “Draft POS” for Upcoming General Obligation Bond Issue

Although Puerto Rico’s much-discussed sub-investment grade general obligation bond issue is not yet being marketed via an official preliminary official statement, it appears that a draft POS has been making the rounds. The…more
| Commercial Law & Contracts, Constitutional Law, Finance & Banking, Securities Law

Puerto Rico Senate Not in a New York State of Mind

As reported by the Wall Street Journal today and by other sources, the authorizing legislation for Puerto Rico’s much anticipated $3.5 billion non investment grade general obligation issue has become hung up in Puerto Rico’s…more
| Elections & Politics, Finance & Banking

SEC Approves Revised Semi-Annual Data Reporting Requirements for Section 529 Plan Underwriters

After initially putting the brakes on the MSRB’s attempt to use underwriters of Section 529 college savings plans as its data-gathering team, the SEC has pressed the accelerator and approved an amended MSRB Rule G-45 requiring…more
| Finance & Banking, Securities Law

Puerto Rico Bondholders Await Contract Impairment Ruling in Teacher Pension Reform Litigation

We previously discussed the Puerto Rico Supreme Court’s decision in the Hernandez case, in which by a 5-4 vote the court upheld the constitutionality under federal and Puerto Rico law of pension reform legislation affecting…more
| Civil Procedure, Commercial Law & Contracts, Labor & Employment Law, Finance & Banking

Could Bondholders Bring Claims Against Puerto Rico Bond Issuers in Courts Outside Puerto Rico?

As Puerto Rico prepares to access the public markets with a new bond issue, the Wall Street Journal reports that the list of demands from some potential investors include, in addition to a high interest rate and as much security…more
| Civil Procedure, Commercial Law & Contracts, Finance & Banking

Financial Services Legislative and Regulatory Update -- January 13, 2014

In This Issue: Leading the Past Week; Executive Branch; International; and Upcoming Hearings. Excerpt from Leading the Past Week - Last week closed with the long anticipated ability-to-repay and qualified…more
| Finance & Banking, Consumer Protection, International Law & Trade, Real Estate - Residential, Securities Law

Financial Services Legislative and Regulatory Update -- December 23, 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - For the first time in a couple of years, the Christmas plans of…more
| Commercial Law & Contracts, Finance & Banking, Consumer Protection, Real Estate - Residential, Securities Law

Financial Services Legislative and Regulatory Update -- December 16, 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; International; Miscellaneous; and Upcoming Hearings. Excerpt from Leading the Past Week - Before leaving for the Christmas recess…more
| Finance & Banking

Regulators Approve Final Volcker Rule

After several years and 18,000 comments, yesterday regulators braved a “snow covered” Washington and voted to approve a final rule to prohibit banks from engaging in proprietary trading, known as the Volcker rule. As industry…more
| Commercial Law & Contracts, Finance & Banking, International Law & Trade, Securities Law
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Areas of Practice
  • Business Organizations
  • Commercial Law & Contracts
  • Finance & Banking
  • Securities Law
  • Taxation
Locations
Other U.S. Locations
  • California
  • Connecticut
  • D.C.
  • Massachusetts
  • New York
Other Countries
  • Israel
  • United Kingdom
Number of Attorneys

11-24 Attorneys

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