September 04, 2019 | Law.com
'Assured' Uncertainty: Why First Circuit's Decision Related to Puerto Rico's Insolvency May Shake Up the Municipal Bond MarketThe 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
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