Supreme Court Opinion Sheds Some Light on the Municipal Debt-Adjustment Case

June 13, 2016

Supreme Court Opinion Sheds Some Light on the Municipal Debt-Adjustment Case

High court pronounces on Puerto Rico’s sovereignty. Will it do so a second time?

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Opinion Link

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The debt-adjustment cases are Commonwealth of Puerto Rico v. Franklin California Tax-Free Trust and Acosta-Febo v. Franklin California Tax-Free Trust, 15-233 and 15-255 (Supreme Court). The sovereign immunity case is Commonwealth of Puerto Rico v. Sanchez Valle, 15-108 (Supreme Court).