Etiqueta: Cleary Gottlieb Steen & Hamilton LLP

Turning Bust To Boom: P3 Initiatives Under PROMESA

Turning Bust To Boom: P3 Initiatives Under PROMESA

By Richard Cooper, Luke Barefoot, Adam Brenneman and Antonio Pietrantoni1 If there is one thing that all stakeholders in Puerto Rico’s fiscal crisis can agree on (and there are likely not many such things), it is that, without real economic growth, the commonwealth of Puerto Rico will neither be able to repay its creditors nor ...

What Should Puerto Rico Offer Its Creditors

What Should Puerto Rico Offer Its Creditors

By Richard J. Cooper, Luke A. Barefoot and Jessica E. McBride1 With this week’s certification of the Commonwealth of Puerto Rico’s fiscal plan, the Oversight Board and the new government in San Juan took their first tangible steps toward defining how much aggregate debt service Puerto Rico can afford to pay its creditors over the ...

Issues To Expect In A Title III Puerto Rico Restructuring

Issues To Expect In A Title III Puerto Rico Restructuring

By Richard J. Cooper, Luke A. Barefoot, Jessica E. McBride and Antonio J. Pietrantoni 1 Given the likelihood of a Title III proceeding under the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) for the Commonwealth of Puerto Rico and certain of its instrumentalities in the near future,2 we thought it useful to outline ...

Confirmada la inconstitucionalidad de la "quiebra criolla"

Why Puerto Rico Will Likely Rely On PROMESA Title III

By Richard J. Cooper, Luke A. Barefoot, Jessica E. McBride and Antonio J. Pietrantoni 1 When Congress enacted the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), it provided the Commonwealth of Puerto Rico and its instrumentalities two distinct restructuring tools to address its financial challenges. The first, Title VI of PROMESA, is a ...

Justicia

Justicia solicita desestimación de demanda presentada por bonistas

De interés: Demanda presentada por BlueMountain Capital Management, LLC (*.PDF) – 22 de julio de 2014 El secretario del Departamento de Justicia (DJ), César R. Miranda Rodríguez, anunció la presentación de la moción en solicitud de desestimación del pleito presentado por los fondos Franklin y Oppenheimer en el que se impugnó la Ley para el Cumplimiento con las ...