Etiqueta: Zack A. Clement
What Can Puerto Rico Do?
by Zack A. Clement Originally published in the Federal Bar Association Puerto Rico – Hon. Raymond L. Acosta Chapter Newsletter (Issue No. 52) Puerto Rico is insolvent, unable to pay current maturities of debt for itself and its municipal corporations and unable to pay that debt in full. Continued support of its public corporations is placing ...
La reestructuración de Puerto Rico y sus implicaciones legales
Esta semana, el gobernador Alejandro García Padilla radicó un proyecto de ley para la reestructuración de corporaciones públicas que los medios de comunicación han descrito como una “ley de quiebras criolla”. Según el gobierno, la medida tiene el propósito principal de crear un marco legal para que las corporaciones públicas que están experimentando dificultades financieras superen ...
2013 in Review: Key Mainland Decisions for Insolvency Professionals
On May 14, 2014, the Federal Bar Association of Puerto Rico will host a seminar Puerto Rico in Crisis: Current Topics in Public and Private Sector Restructurings and Bankruptcies. Among the panels presented at the seminar will be one entitled “2013 in Review: Key Mainland Decisions for Insolvency Professionals.” During 2013, federal courts outside of ...
Key Puerto Rico Decisions for Insolvency Professionals
by Luis C. Marini-Biaggi Litigation Department, O’Neill & Borges LLC On May 14, 2014, the Federal Bar Association of Puerto Rico will host the seminar Puerto Rico in Crisis: Current Topics in Public and Private Sector Restructurings and Bankruptcies. Among the panels presented at the seminar will be one entitled “2013/2014 in Review: Key Puerto ...
Restructuring Government Debt Using Chapter 9 Principles and How This Could Be Relevant to Puerto Rico
by Zack A. Clement Partner, Fulbright & Jaworski LLP Puerto Rico faces a major financial crisis without precedent in modern history. The island’s government has changed contracts for currently employed labor and for retirees in a last-ditch attempt to maintain its bond rating. This year, however, Puerto Rico was downgraded anyway. Now, questions abound to ...
