Displaying with Topic Municipal Bankruptcy

First Circuit reverses, upholding the validity of bondholders’ security interests in $2.9 billion of collateral.

Defining collateral by reference in a UCC-1 is held invalid in Puerto Rico’s bankruptcy.

Two circuits and a BAP now invoke ‘equitable mootness’ to dismiss appeals from orders confirming chapter 9 municipal debt adjustment plans.

Puerto Rico’s toll road bonds don’t have statutory liens, circuit court rules.

Bondholders won a skirmish but may still lose the war with Puerto Rico.

PROMESA’s authority is in the Territories Clause of the Constitution, District Judge Swain says.

On tough automatic stay cases, let the PROMESA judge decide.

Can plaintiffs sue Puerto Rico government officials in their individual capacities? Two district judges disagree.

Caselaw is evolving on the applicability of the automatic stay to ordinary litigation against Puerto Rico and its governmental officials.

Judge refuses to issue declaratory judgments about Puerto Rico’s use of tax revenues.