While most of the sovereign debt world is focused on Mr. Maduro’s shenanigans in Venezuela, a fascinating litigation is playing out in federal district court in Puerto Rico. Aurelius, a hedge fund known to many of us because of the role it played in the ... Read full article
Good academic workshops are hard to run. I know, because this is a task that I have failed at, and continue to fail at, repeatedly. ... Read full article
It is rare that the ideas in academic articles fundamentally change the world. ... Read full article
The company, which is still recovering from two recent hurricanes, said it will voluntary comply with several key restrictions that were in the 2010 written agreement. ... Read full article
From Joseph Blocher & Mitu Gulati We would not exactly call ourselves avid readers of the US Navy blogs. But there is an interesting post on the U.S. Naval Institute Blog today on Puerto Rico and debt by Commander George Capen (retired). The context ... Read full article
Messaging services, mobile banking and remote deposit capture are expected to help Florida banks that aim to keep up with employees and offer uninterrupted service to customers. ... Read full article
Distressed-mortgage investors are descending on troubled Puerto Rico. What’s luring them is the opportunity to scoop up home loans and foreclosed properties for pennies on the dollar. ... Read full article
As noted as an update in the prior post , May 17 is the first hearing in Puerto Rico's PROMESA restructuring cases (which also have new case numbers) . ... Read full article
The agency sold nearly 10.3 million shares in First BanCorp in San Juan, Puerto Rico, for $57.7 million. ... Read full article
It is nearing the one-week anniversary of the biggest government bankruptcy in U.S. history: the Commonwealth of Puerto Rico. ... Read full article
In light of the timeline on the Puerto Rico debt situation , I have just posted on SSRN a contribution to the ABLJ/ABA symposium last fall . ... Read full article
Selling a participation in a line of credit to the Puerto Rico Electric Power Authority reduced the company's nonperforming assets by 9%. ... Read full article
On ... Read full article
Cost control and improved credit were overshadowed by a big charge tied to a dispute with the FDIC. ... Read full article
The Commercial Law League of America held its annual luncheon at NCBJ featuring the Lawrence King Award and a keynote speech by Andy Dillon. ... Read full article
Or rather, you can read about it here . Members include Professor David Skeel, whom many Slips readers will be familiar with. ... Read full article
The opinion is a good reminder that oral argument impressions don't always carry over to the final written product. In short, both the majority and dissent approach this as a simple matter of statutory construction, and in that regard the majority ... Read full article
I'm still digesting the opinion , but the obvious conclusion is that impressions from oral argument may be misleading. It also suggests that states that do not use chapter 9, have no ability to come up with a state law alternative. Its chapter 9 or ... Read full article
