The COVID-19 pandemic has wreaked havoc across the globe, with a rising human and economic toll. Containment of this crisis has warranted unprecedented government intervention in public health and in the economy. ...more
5/6/2020
/ Coronavirus/COVID-19 ,
Debt ,
Debt Relief ,
Debt Service Suspension Initiative ,
Financial Assistance Policies ,
Forbearance Agreements ,
G20 ,
IMF ,
Loans ,
Low-Income Issues ,
Relief Measures ,
World Bank
On June 30, 2016, the United States Senate passed the “Puerto Rico Oversight, Management and Economic Stability Act” (“PROMESA”) and it was quickly signed into law by President Obama. PROMESA enables the Commonwealth of...more
8/10/2016
/ Automatic Stay ,
Bankruptcy Code ,
Bonds ,
Capital Markets ,
Cramdown ,
Creditors ,
Debt ,
Debt Restructuring ,
Energy Sector ,
Ipso Facto Clauses ,
Natural Resources ,
New Legislation ,
Puerto Rico ,
Puerto Rico Oversight Management and Economic Stability Act (PROMESA) ,
Regulatory Oversight
A Battle in the Making in the Oil and Gas Sector: Second Lien vs. High Yield Debt -
In the oil and gas industry, there is a storm brewing between holders of second lien debt and unsecured high yield bonds. These...more
6/22/2015
/ Bank of America v. Caulkett ,
Banking Sector ,
Bankruptcy Court ,
Bonds ,
Consumer Bankruptcy ,
Creditors ,
Debt ,
Distressed Debt ,
High-Yield Markets ,
Junior Lenders ,
Junior Liens ,
Lien Stripping ,
Mortgage Lenders ,
Mortgages ,
Oil & Gas ,
Oil Prices ,
Oral Contracts ,
Underwater Homeowners ,
Wellness International Network v Sharif
On Friday February 6, the Puerto Rico Federal District Court ruled the Debt Enforcement and Recovery Act (the “Recovery Act”) unconstitutional. Franklin Calif. Tax-Free Trust, et al. v. Comm. Of Puerto Rico et al., (D.P.R.,...more
2/14/2015
/ Bankruptcy Code ,
Chapter 9 ,
Contracts Clause ,
Debt ,
Debt Relief ,
Mootness ,
Municipal Bankruptcy ,
Preemption ,
PREPA ,
Puerto Rico ,
Ripeness ,
Supremacy Clause ,
Takings Clause