Since PROMESA was enacted in 2016 to pave the way for a comprehensive restructuring of Puerto Rico’s mounting municipal debt obligations, the U.S. District Court for the District of Puerto Rico (District Court) has become a...more
8/5/2020
/ Appointments Clause ,
Aurelius Investment LLC v Puerto Rico ,
Chapter 9 ,
Commercial Bankruptcy ,
Congressional Authority ,
Creditors ,
De Facto Officer Doctrine ,
Debtors ,
Financial Distress ,
Financial Oversight and Management Board (Oversight Board) ,
Financial Oversight and Management Board for Puerto Rico v Aurelius Investment LLC ,
Motion to Dismiss ,
Municipalities ,
Officers of the United States ,
Puerto Rico ,
Puerto Rico Oversight Management and Economic Stability Act (PROMESA) ,
Reversal ,
SCOTUS
On May 26, 2015, the U.S. Supreme Court issued its ruling in Wellness International Network, Ltd., et al. v. Sharif. The Wellness decision clarifies one of the most significant open issues created four years ago by the...more