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O’Melveny Lawyers Author Law360 Article on Puerto Rico Debt ReliefMarch 24, 2016
O'Melveny partner Suzzanne Uhland and associates Chris Martin and Brad Garcia co-authored the March 24, 2016, Law360 article, "Congress Holds Keys To Puerto Rico’s Comprehensive Relief." The piece discusses the Supreme Court hearings in Puerto Rico v. Franklin California Tax-Free Trust and Acosta-Febo v. Franklin California Tax-Free Trust, which address the constitutionality of Puerto Rico’s June 2014 Debt Enforcement and Recovery Act. "The justices’ reception of Puerto Rico’s arguments was mixed, but one thing is clear: even a victory in the Supreme Court will not resolve this case or the troubled state of Puerto Rico’s public corporations, much less of the commonwealth as a whole. Puerto Rico’s best bet for an all-inclusive solution to its debt crisis remains, as ever, with Congress," the authors conclude in the article.
Uhland divides her time between O’Melveny’s San Francisco and New York offices and is chair of the firm’s Restructuring Practice. Martin is based in the firm’s San Francisco office and is a member of the firm’s Transactions Department. Garcia resides in the Washington, DC office and is a member of the Appellate Practice.