Patrick P Dinardo Amy A Zuccarello

Patrick P Dinardo Amy A Zuccarello

September 04, 2019 | Law.com

'Assured' Uncertainty: Why First Circuit's Decision Related to Puerto Rico's Insolvency May Shake Up the Municipal Bond Market

The First Circuit missed an opportunity to provide bondholders with much-needed certainty concerning their ability to enforce an issuer's obligation to pay from special revenues pledged to secure their bonds in the event of a municipality's insolvency proceeding without first obtaining relief from the automatic stay.

By Patrick P. Dinardo, Amy A. Zuccarello and Nathaniel R.B. Koslof

8 minute read