Important Court Rulings Arise from Puerto Rico’s Economic Crisis
By Scott A. Lewis, Partner, Chapman and Cutler LLP
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...
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Scott A. Lewis is a partner and member of Chapman’s Bankruptcy and Restructuring Group. He represents investment banks, trustees, financial institutions, secured lenders, and other commercial clients in bankruptcy, workout, and commercial litigation matters involving a wide range of industries. Additionally, Lewis advises on bankruptcy safe harbors for derivative transactions, RMBS representation and warranty litigation, and municipal bankruptcy matters. He has analyzed the bankruptcy and/or state insolvency relief eligibility of hundreds of municipal entities for financial institution counterparties.