Client Alert

On February 6, 2015, the U.S. District Court for the District of Puerto Rico issued a decision holding Puerto Rico’s Public Corporations Debt Enforcement and Recovery Act unconstitutional, noting that it was “not a close case.” The District Court’s decision reaffirms the principle that States and Territories cannot enact laws that purport to provide “bankruptcy-like” relief for their municipalities.

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  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
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    Diverse financial practices serving regional, national, and global clients
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    Offices across the country and in key US financial centers

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