by rpafdaccess | Sep 27, 2024 | Local public entities, Municipal distress
Author: Laura N COORDES What sorts of legal relief should be available to a municipality in financial distress? Chapter 9 of the Bankruptcy Code has served as an option of last resort for many municipalities over the years. But as this Article illustrates, Chapter 9...
by rpafdaccess | Sep 27, 2024 | Bankruptcy, Municipal distress, Pension liabilities
Author: Thom REILLY, Laura COORDES, David SCHLINKERT, Erin REINISCH This paper builds on the literature examining the circumstances surrounding municipal fiscal distress by constructing a broader picture of the factors related to distress and why some cities file for...
by rpafdaccess | Sep 27, 2024 | Insolvency, Local public entities
Author: Laura N COORDES, Yseult MARIQUE, Eugenio VACCARI The treatment of local public entities in distress is a largely domestic, even parochial area of law. The rules in this area are largely unaffected by the influence of principles developed in other areas of law,...
by rpafdaccess | Sep 26, 2024 | Financial distress, Harmonisation, Insolvency, Local authorities, Local public entities, Model law, News, Uncitral
Author: Laura N COORDES, Yseult MARIQUE, Eugenio VACCARI This article provides a rationale for a potential model law for the treatment of distressed local public entities (LPEs). Building upon our previous work, a first-of-its-kind global study of the treatment of...
by rpafdaccess | Sep 26, 2024 | Continuity of public services, Local public entities, Political interference, Vulnerable stakeholders
Author: Laura N COORDES, Yseult MARIQUE, Eugenio VACCARI This article presents the findings of a global study on the treatment of local public entities in distress conducted in 20 jurisdictions across the world. It sets out to detail and analyse how different national...
