by Eugenio Vaccari | Sep 8, 2025 | Bankruptcy, Belgium, Financial distress, Local authorities, Local government, Local public entities
On June 9, 2024, Belgium held regional elections that left the Brussels Region in a state of profound political paralysis. More than a year later, the Region remains without a functioning government, trapped in a feedback loop of political deadlock and fiscal...
by rpafdaccess | Mar 25, 2025 | Bankruptcy, Climate Change, Environmental claims, Insurance, Local authorities, Local public entities
On January 7, 2025, Los Angeles faced one of the most devastating wildfires in recent history, driven by intense Santa Ana winds. The destruction was staggering: 29 lives lost, more than 16,000 buildings reduced to ashes, and over 37,000 acres scorched. In the...
by Laura Coordes | Feb 23, 2025 | Bankruptcy, Continuity of public services, Local authorities, Local public entities
According to a recent news report, the Puerto Rico Electric Power Authority (known as Prepa), which has been in bankruptcy proceedings since 2017, is now seeking help from the Puerto Rican government—specifically, the use of commonwealth funds—to repay its creditors....
by Eugenio Vaccari | Jan 3, 2025 | India, Local authorities, Local government, Local public entities
India’s infrastructure capacity has struggled to keep pace with its rapid urbanisation. Municipalities, tasked with building and maintaining urban infrastructure, face several challenges, including dwindling revenues, high administrative costs, a deteriorating credit...
by Eugenio Vaccari | Dec 21, 2024 | Local authorities, Local government, Municipal financial distress, Municipal merger, UK
Dr. Eugenio Vaccari (Senior Lecturer at Royal Holloway, University of London) explores the key proposals and implications of the English Devolution White Paper, published on 16 December 2024. Highlighting the financial pressures faced by local authorities and the lack...
by Eugenio Vaccari | Nov 22, 2024 | Financial distress, Local authorities, Municipal debt, News, Russian Federation
Municipal property management is a cornerstone of local governance, influencing the delivery of essential services and the financial stability of municipalities. In the Russian Federation, the allocation and use of municipal assets have frequently sparked legal and...
