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ABI Journal

January 13, 2020

Supreme Court let a First Circuit opinion stand that barred bondholders from compelling payment during Puerto Rico’s restructuring under PROMESA.

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.

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.

June 26, 2019

The logical court to challenge the constitutionality of PROMESA isn’t the PROMESA court itself.

March 29, 2019

First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.

March 28, 2019

First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.

March 25, 2019

First Circuit finds no exceptions to the automatic stay under PROMESA subjecting Puerto Rico to ‘ordinary course’ litigation.

March 05, 2019

Sewer customers challenged the dismissal of their appeal from confirmation of the Jefferson County chapter 9 municipal debt restructuring.

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.

February 06, 2019

Lack of a circuit split makes equitable mootness an unlikely topic for Supreme Court review.