Register for the 2021 TMA NOW Summit

From the 2021 TMA NOW Summit 

CONTENT WARNING

Between Boy Scouts, Weinstein, USA Gymnastics, and the many Diocese cases, the number of bankruptcy cases involving sex abuse-related claims and litigation has steadily increased. Join us for an engaging discussion of the issues and...

Ethics in Restructuring, Part 2

Members of the Turnaround Management Association are dedicated to the highest standards of professionalism, integrity and competence for those engaged in all matters involving turnaround and crisis management and corporate renewal. Certified Turnaround Professionals (CTPs) and Certified...

Ethics in Restructuring, Part 1

Members of the Turnaround Management Association are dedicated to the highest standards of professionalism, integrity and competence for those engaged in all matters involving turnaround and crisis management and corporate renewal. Certified Turnaround Professionals (CTPs) and Certified...

©2022 James Luedde, Fotoset Photography., www.Fotosetbyjames.com
Q: How did you become involved in deals involving turnarounds and restructuring? Siegel: That question made me think back. In my first lending job, I received a loan application for a retail store that supplied local dancers: toe shoes for ballet dancers, tap shoes, costumes, and those sorts of...
Jones Act Exemption Could Aid  Puerto Rico’s Economic Recovery
U.S. District Court Judge Laura Swain on January 18, 2022, approved a landmark plan to restructure Puerto Rico’s debt, allowing the U.S. territory to exit bankruptcy after five years. Judge Swain’s pen stroke approving the island’s plan of adjustment (POA) was a historic moment in Puerto Rico’s...
Puerto Rico Plans for Power Grid Transformation During PREPA Restructuring
The ongoing restructuring of the Puerto Rico Electric Power Authority (PREPA) is one of the largest ever in the electrical power generation industry within the jurisdiction of the United States. The goal is to transform the utility from a bankrupt, mismanaged public corporation into a privately...
Early Dealmaking Benefits Creditors, Debtors in Puerto Rico’s Restructuring
The bankruptcy of the Commonwealth of Puerto Rico and its instrumentalities is unprecedented in legal complexity and scale, with more than $120 billion of municipal liabilities subject to restructuring. To organize and facilitate this task, on June 30, 2016, President Barack Obama signed into law...
Important Court Rulings Arise from Puerto Rico’s Economic Crisis
On January 18, 2022, the U.S. District Court for the District of Puerto Rico entered an order under the Puerto Rico Oversight, Management, and Economic Stability Act, 48 U.S.C. §2101 et seq. (PROMESA), confirming a plan of adjustment for the Commonwealth of Puerto Rico and certain of its...
Public Pensions Spared from Cuts in Puerto Rico’s Restructuring
The Title III case of the Commonwealth of Puerto Rico has been much discussed in restructuring circles since the Financial Oversight and Management Board (FOMB) of Puerto Rico commenced the case approximately five years ago, on May 3, 2017. While many mainland discussions have centered on the...
As Global Crisis Unfolds, TMA Membership Is a Necessity
This issue of the JCR focuses on the restructuring of Puerto Rico. Like the island’s history, the restructuring efforts involving this commonwealth were, in a word, “complicated.” Puerto Rico has a long, rich, and proud history and cultural identity. Before Christopher Columbus set foot on the...