On Wednesday, January 13, 2016, the U.S. Supreme Court will hear arguments in the appeal styled under the caption Commonwealth of Puerto Rico v. Sanchez Valle, No. 15-108. In this case, the Supreme Court is asked to determine...more
Supreme Court to Determine Constitutionality of DERA By order dated December 4, 2015, the US Supreme Court has agreed to consider the appeal by the Commonwealth and the Government Development Bank regarding the...more
First Circuit Rules Bankruptcy Code Preempts Puerto Rico's Recovery Act -
On Monday, July 6, the Court of Appeals for the First Circuit affirmed the February 6, 2015 order and injunction of the Puerto Rico District...more
7/23/2015
/ Attorney's Fees ,
Bankruptcy Code ,
Bonds ,
Capital Controls ,
Distressed Debt ,
Emerging Markets ,
EU ,
Eurozone ,
Greece ,
Insolvency ,
Municipal Bankruptcy ,
Oil & Gas ,
Preemption ,
Puerto Rico ,
Reclamation ,
Restructuring ,
SCOTUS
On March 24th, the Supreme Court heard oral argument on the consolidated appeals of two decisions from the Eleventh Circuit Court of Appeals, Bank of America v. Caulkett and Bank of America v. Toledo-Cardona. The appeals...more
4/2/2015
/ Bankruptcy Code ,
Chapter 7 ,
Dewsnup ,
HELOC ,
Junior Lenders ,
Lien Stripping ,
Liens ,
Mortgages ,
Popular ,
SCOTUS ,
Section 506 ,
Underwater Homeowners ,
Void Contracts
What Happens in Delaware Does Not Always Stay in Delaware: Caesars Victorious in Venue Battle -
On Wednesday, January 28, the Bankruptcy Court for the District of Delaware transferred venue for the involuntary bankruptcy...more
3/12/2015
/ Bankruptcy Court ,
Bankruptcy Preferences ,
Chapter 11 ,
Chapter 9 ,
Commercial Bankruptcy ,
Debt Market ,
Debt Recovery Programs ,
Distressed Debt ,
EU ,
France ,
Insolvency ,
Lehman Brothers ,
Municipalities ,
Pension Funds ,
Puerto Rico ,
Restructuring ,
Safe Harbors ,
SCOTUS ,
Tax Liability ,
UK ,
Venue ,
Wellness International Network v Sharif