Libor Replacement Carries Risk for States and Cities, Group Says
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Municipal Bankruptcy
Puerto Rico Board Said to See Big Jump in Long-Term Surplus
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Avoiding Powers Under PROMESA May Be Applied Retroactively
Defining collateral by reference in a UCC-1 is held invalid in Puerto Rico’s bankruptcy.
Court:
Illinois Prepares to Borrow After Moving Off Precipice of Junk
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SEC Forces Cities to Reveal Wall Street Loans With Holdings Surging
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Eleventh Circuit Endorses the Applicability of ‘Equitable Mootness’ in Chapter 9
Two circuits and a BAP now invoke ‘equitable mootness’ to dismiss appeals from orders confirming chapter 9 municipal debt adjustment plans.
Court:
First Circuit Gives Puerto Rico Bondholders a Second Bite at the Apple
Puerto Rico’s toll road bonds don’t have statutory liens, circuit court rules.
Court:
Analysis: The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy
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Puerto Rico Governor Threatens to Withhold Testimony After Twitter Jab
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Two Courts Seemingly Differ on the Nature of Puerto Rico’s PROMESA Proceedings
Bondholders won a skirmish but may still lose the war with Puerto Rico.