NEW YORK--(BUSINESS WIRE)--The Fiscal Agency and Financial Advisory Authority* of Puerto Rico has selected Dentons US as its legal advisor on all aspects of its restructuring and revitalization efforts, including development and implementation of the Fiscal Plan, restructuring and renegotiation of municipal bond debt, communications with creditors and with the PROMESA Oversight Board, among others.
Leaders on the Dentons team and their respective roles include:
• Sam J. Alberts, Restructuring, Insolvency and Bankruptcy partner, will serve as project lead. His background includes successfully representing the Official Committee of Retirees in the City of Detroit bankruptcy, the largest municipal bankruptcy case in US history. He has also represented the Federal Deposit Insurance Corporation, Pension Benefits Guaranty Corporation and International Finance Corporation.
• Claude Montgomery, Restructuring, Insolvency and Bankruptcy partner with financial institution representation experience who co-led the Dentons team representing the Official Committee of Retirees in the City of Detroit bankruptcy is leading the financial restructuring effort.
• Jonathan Ballan, Corporate partner, will lead the municipal financing aspect. He has served as counsel on municipal bond transactions for the New York Yankees, the Empire State Development Corporation, New York Transportation Development Corporation and New York Liberty Development Corporation, among others.
• Michael Zolandz, Federal Regulatory and Compliance partner is leading the policy, regulatory and government affairs aspects.
The Firm has also assembled teams for all the relevant issues facing the Government including public private partnerships, litigation, securities, securitization, contracting, healthcare, tax, Puerto Rican law and others.
According to the Government of the Puerto Rico, "The Dentons team is also notable for its vast experience in the areas of government finance and public policy, including a leading role in the City of Detroit bankruptcy proceedings under Chapter 9 of the Federal Bankruptcy Code, where they successfully represented and Defended the pensioners of said city."
*AFAF in Spanish.
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