puerto rico

Treasury exits largest Tarp investment

05/10/17

The agency sold nearly 10.3 million shares in First BanCorp in San Juan, Puerto Rico, for $57.7 million.

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Puerto Rico Bankruptcy: Week One

05/09/17

It is nearing the one-week anniversary of the biggest government bankruptcy in U.S. history: the Commonwealth of Puerto Rico.

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Judge Selection in Municipal Bankruptcy and PROMESA

04/23/17

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.

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First BanCorp in Puerto Rico sells big troubled loan for a loss

03/14/17

Selling a participation in a line of credit to the Puerto Rico Electric Power Authority reduced the company's nonperforming assets by 9%.

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Popular finds reasons to celebrate despite quarterly loss

01/24/17

Cost control and improved credit were overshadowed by a big charge tied to a dispute with the FDIC.

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NCBJ Report 2016: From Detroit to San Juan--Perspectives on Municipal and Territorial Restructurings

10/28/16
The Commercial Law League of America held its annual luncheon at NCBJ featuring the Lawrence King Award and a keynote speech by Andy Dillon.
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Puerto Rico’s Oversight Panel is Here

08/31/16

Or rather, you can read about it here. Members include Professor David Skeel, whom many Slips readers will be familiar with.

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Further Thoughts on Puerto Rico v. Franklin California Tax-Free Trust

06/13/16

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 opinion is simply a more clearly articulated version of the First Circuit's opinion.

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The Demise of the Recovery Act

06/13/16

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 nothing, which may suggest that the 10th Amendment is no longer a serious concern with regard to chapter 9.

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