William Natbony

William Natbony

Cadwalader, Wickersham & Taft LLP

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What’s in a Name? Court Holds That Despite Its Title, a Security Agreement Also Subordinated Junior Creditor’s Rights to Payment

On October 29, 2021, Judge Laura Taylor Swain, the presiding judge in the Puerto Rico bankruptcy case, ruled that approximately $2 billion in intragovernmental loan claims were subordinated to bonds issued by the Puerto Rico...more

12/1/2021  /  Bonds , Commercial Bankruptcy , Contract Terms , Loan Agreements , Puerto Rico , Puerto Rico Oversight Management and Economic Stability Act (PROMESA) , Restructuring , Security Agreements , Subordination Agreement
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