The Bond Buyer Webinar: The Puerto Rico Debt Crisis – An Update

Webinar | December.09.2015 | 12pm - 1pm (Eastern Standard Time)

Webinar

The Commonwealth of Puerto Rico is experiencing the most drastic fiscal crisis in the Commonwealth’s history. Please join Orrick and The Bond Buyer for an informative webinar that will focus on the key bankruptcy and other financial issues that have come into play as the financial markets look to solve Puerto Rico’s debt crisis.

Topics to be addressed during this webinar include:

  • Possible Default & Restructuring Negotiations
  • Priority of Commonwealth Debt
  • Clawback Litigation Issues
  • Proposed Chapter 9 Amendment
  • Other Legislative Developments, Including Possible Appointment of Financial Control Board
  • Pension/OPEB Underfunding and Possibility of “Grand Bargain” Solution for Pension Reform

Featured Presenters:

Lorraine S. McGowen, Partner, Restructuring, Orrick
Marc A. Levinson, Partner, Restructuring, Orrick
Kevin Roche, Partner, Public Finance, Orrick

Practice:

  • Finance Sector
  • Restructuring
  • Contenzioso fallimentare
  • Ristrutturazione e insolvenza municipale
  • Energy & Infrastructure
  • Mergers and Acquisitions
  • Structured Finance
  • Finanziamenti istruzione di secondo grado e prestiti agli studenti
  • Automotive Technology & Mobility

Lorraine McGowen Partner

New York

Lorraine brings 30+ years of legal experience in bankruptcies, out-of-court restructurings, sovereign debt restructurings and creditors' rights controversies. She interfaces with auditors, government regulators, investment bankers and others, and develops and implements mediation and litigation strategies, and negotiates reorganization plans and complex corporate and finance documents. She also regularly provides commercial law and bankruptcy advice in connection with securitization, M&A, energy & infrastructure and general corporate transactions.

Lorraine has represented various stakeholders in bankruptcies, workouts, distressed debt transactions, sovereign debt restructurings, bankruptcy litigation, derivatives, and distressed acquisition matters such as Suriname, Belize, Puerto Rico, Takata Corporation, Windstream, GTT, Brazos Electric Power Cooperative, Lehman, MF Global, Indiana Toll Road, Chemtura Corporation, Tronox Incorporated, South Bay Expressway, American Dream School, Detroit, General Motors, and Stone & Webster.

Lorraine is a member of Orrick's Management Committee and is Partner in Charge of its global DEI Initiatives. She previously served two terms on the firm’s 11-member Board of Directors and also previously chaired its Restructuring Group.

As a leading DEI advocate, Lorraine creates programs for the legal profession and the community. She was selected as a 2019 Rainmaker by the Minority Corporate Counsel Association (MCCA) and as one of Savoy Magazine’s Most Influential Black Lawyers for 2022, 2018 and 2015 and received Legal Outreach’s Pipeline to Diversity 2017 Champion Award and the New York City Bar Association Diversity and Inclusion 2012 Champion Award. IFLR1000 Rankings named Lorraine a leading lawyer in the U.S. She was selected by Direct Women to be a 2016 Board Institute member. She is a frequent speaker and author on bankruptcy and insolvency and diversity and inclusion.

Among her community involvement, she is a former Vice President and Board Member of the New York City Bar Association and currently co-chairs the City Bar's Digital Assets Task Force. She serves on the Board of Directors for the Institute for Inclusion in the Legal Profession and the New York Lawyers for the Public Interest, where she is chair of the board, and on the Advisory Committees for Legal Outreach and the Vance Center for International Justice of the City Bar, where she serves as co-chair of the Advisory Committee of the Vance Center.

Practice:

  • Finance Sector
  • Restructuring
  • Real Estate

Marc Levinson Senior Counsel

San Francisco

Marc's practice concentrates on insolvency planning, bankruptcy cases, out-of-court reorganizations and workouts. He represents secured and unsecured creditors, acquirers of assets from insolvent companies, debtors, indenture trustees, committees, public entities and bankruptcy trustees.

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Practice:

  • Finance Sector
  • Public Finance
  • U.S. Infrastructure Investment and Jobs Act

Kevin Roche Partner

New York

Kevin’s experience includes various general obligation and revenue bond financings, including those relating to transportation, multi-family housing, higher education, public power, sewer and water, and hospitals.

He has extensive knowledge and experience with federal securities laws issues in public finance, including both initial and continuing disclosure issues, material events disclosure, public statements liability, public offerings and private placements and other matters.

Kevin is a frequent speaker at conferences, seminars and webinars given by trade and professional organizations within the public finance industry.

Prior to entering private practice, Kevin was an Assistant Corporation Counsel in the Municipal Finance Division of the New York City Law Department.