February 04, 2020
Employer contributions to Puerto Rico’s retirement system did not qualify as ‘special revenues,’ with the result that bondholders’ liens were cut off on the filing date.
1st Circuit
January 13, 2020
Supreme Court let a First Circuit opinion stand that barred bondholders from compelling payment during Puerto Rico’s restructuring under PROMESA.
Supreme Court
October 08, 2019
California judge sides with former Bankruptcy Judge Steven Rhodes by holding that the U.S. Trustee does not have statutory power to appoint an unsecured committee in a chapter 9 case.
9th Circuit, California, California Eastern District
August 06, 2019
Dissenter in the First Circuit recommends that the Supreme Court hear and reverse an opinion allowing Puerto Rico to withhold payments from bondholders.
1st Circuit
June 26, 2019
The logical court to challenge the constitutionality of PROMESA isn’t the PROMESA court itself.
1st Circuit
March 29, 2019
First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.
1st Circuit
March 28, 2019
First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.
1st Circuit
March 25, 2019
First Circuit finds no exceptions to the automatic stay under PROMESA subjecting Puerto Rico to ‘ordinary course’ litigation.
1st Circuit
March 05, 2019
Sewer customers challenged the dismissal of their appeal from confirmation of the Jefferson County chapter 9 municipal debt restructuring.
Supreme Court
February 18, 2019
The appeals court is attempting to avoid chaos despite ruling that the appointment of Puerto Rico Oversight Board members violated the Appointments Clause of the Constitution.
1st Circuit
