District court invalidates expenditures adopted by the Puerto Rico legislature that were not approved by the PROMESA Oversight Board.
The city of San Juan unsuccessfully argued that the PROMESA Oversight Board has no fiscal control over municipalities in Puerto Rico.
Appeals court says that the bankruptcy court must always address the existence of a trust when ruling on a motion to modify the automatic stay.
Defining collateral by reference in a UCC-1 is held invalid in Puerto Rico’s bankruptcy.
PROMESA’s authority is in the Territories Clause of the Constitution, District Judge Swain says.
On tough automatic stay cases, let the PROMESA judge decide.
Can plaintiffs sue Puerto Rico government officials in their individual capacities? Two district judges disagree.
Caselaw is evolving on the applicability of the automatic stay to ordinary litigation against Puerto Rico and its governmental officials.
Judge refuses to issue declaratory judgments about Puerto Rico’s use of tax revenues.
Courts are reluctant to employ PROMESA as a shield against suits involving government administration.