As directors and officers (Ds&Os) face exposure to potential personal liability claims, they should consider the principal protections available to them. Part one of this two-part series provided a “nuts and bolts” overview...more
Directors and officers (Ds&Os) face exposure to potential personal liability for claims made against them in their capacity as directors and officers of the companies that they serve. This article is part one in a two-part...more
Since PROMESA was enacted in 2016 to pave the way for a comprehensive restructuring of Puerto Rico’s mounting municipal debt obligations, the U.S. District Court for the District of Puerto Rico (District Court) has become a...more
8/5/2020
/ Appointments Clause ,
Aurelius Investment LLC v Puerto Rico ,
Chapter 9 ,
Commercial Bankruptcy ,
Congressional Authority ,
Creditors ,
De Facto Officer Doctrine ,
Debtors ,
Financial Distress ,
Financial Oversight and Management Board (Oversight Board) ,
Financial Oversight and Management Board for Puerto Rico v Aurelius Investment LLC ,
Motion to Dismiss ,
Municipalities ,
Officers of the United States ,
Puerto Rico ,
Puerto Rico Oversight Management and Economic Stability Act (PROMESA) ,
Reversal ,
SCOTUS