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ARTICLE · 03 NOVEMBER 2021

What We're Reading This Week [October 25, 2021]

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Bloomberg reports that Puerto Rico's restructuring plan can move forward, with the passage of a new law that allows the island to sell bonds.

United StatesInsolvency/Bankruptcy/Re-Structuring
Jamie R. Netznik
Jamie R. Netznik
Aaron Gavant
Aaron Gavant
Sean Scott
Sean Scott
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Bloomberg reports that Puerto Rico's restructuring plan can move forward, with the passage of a new law that allows the island to sell bonds.  This resolves Puerto Rico's dispute with the commonwealth's financial oversight board, which threatened to derail its bankruptcy case. [Bloomberg; Oct. 28, 2021]

Reporting from Reuters indicates that the economy grew at its slowest pace in over a year in the third quarter, following the resurgence in COVID-19 cases, global supply chain issues, and shortages of goods.  [Reuters; Oct. 18, 2021]

NPR analyzes Guitar Center's emergence from bankruptcy, and its reported intentions to go public less than one year later, as retail spending on musical instruments went up during the pandemic.  [NPR; Oct. 20, 2021]

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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