Back to Submissions

Amicus Briefs

Puerto Rico Electric Power Authority v. Assured Guaranty

Summary

Court:
U.S. Court of Appeals
(First Circuit)

Amicus Issue:
Whether a “pledge” of revenue is merely an unsecured promise.  Whether the special revenue provisions of the Bankruptcy Code only protect the lien on revenues that are already on deposit with the trustee.  Whether revenue bondholders do not have a contractual right to payment in full, but merely an unsecured claim for an amount calculated in an estimation proceeding.

Counsel of Record:
Faeger Drinker Biddle & Reath LLP

Laura E. Appleby
Kyle R. Hosmer

Other Amici:
None.

PDF

Related Committee(s)

  • Amicus & Litigation Advisory Committee

Date

18

December

2023

More Submissions