This chapter discusses the NBA and National Public Finance guarantee's motion for reconsideration in a lawsuit against major banks, and Governor Pedro Pierlucci's proposal for assuming pension obligation costs. It also highlights top read stories of the week.
Featured this week: Purdue, PBF Energy, SmileDirectClub and Puerto Rico.
And deep dive, Peter Washkowitz and Julian Bulaon, from our America’s Covenants team, join David Zubkis to discuss the continuing erosion of lender protections in credit agreements including voting protections, most-favored-nation rights, IP transfer prohibitions and restrictions on raising structurally senior debt.
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