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 | Nov 27, 2024 | Belgium, Financial distress, Local public entities, Public-private partnerships, Water Companies
Inter-municipal corporations in Belgium, tasked with critical public services like water supply and sewer management, face mounting financial challenges. Vivaqua, a water and sewer company serving Brussels, exemplifies these struggles, with its debt surging to €1.17...
by Emanuele Padovani | Nov 11, 2024 | Bankruptcy, Covid-19, Financial distress, Local government, Local public entities
Local governments (LGs) worldwide faced profound financial challenges due to the COVID-19 pandemic, which exposed vulnerabilities in their fiscal structures and governance. As primary providers of essential services, LGs experienced significant fiscal strain due to...
