A new bill would repeal orderly liquidation authority and replace it with a bankruptcy mechanism — but it would not work in a major financial crisis.By STEPHEN J. LUBBEN from NYT
Business Day
A new bill would repeal orderly liquidation authority and replace it with a bankruptcy mechanism — but it would not work in a major financial crisis.By STEPHEN J. LUBBEN from NYT
Business Day
Puerto Rico has roughly $73 billion of bond debt, and nearly $50 billion of unfunded pension obligations to restructure.
Bankruptcy lawyers were relieved when Supreme Court Justice Stephen G. Breyer issued a narrow opinion in Czyzewski v Jevic Holding, but what if it sets up future litigation?
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