O'Melveny

Turned to by clients for its ‘excellent communication skills’ and ’highly experienced’ team, O'Melveny is capable of advising on high-profile municipal restructurings and bankruptcies, as well as related litigation. Most notably, the group is representing the Puerto Rico Electric Power Authority (PREPA), the Puerto Rico Fiscal Agency & Financial Advisory Authority, and the Puerto Rico Aqueduct and Sewer Authority on Puerto Rico’s debt restructuring, including PREPA’s Title III proceeding. Lou Strubeck Jr., who is based between Dallas and New York, jointly steers the practice alongside Peter Friedman, who works between the firm’s New York and Washington DC offices. The department benefits from the aptitude of New York’s Maria DiConza, who stands out for her representation of Puerto Rico, advising its government entities in debt restructurings, and advising the City of Long Beach, New York on its settlement with a real estate developer to sell debt in order to fund the project. John Rapisardi retired in January 2026.