BANKRUPTCY & INSOLVENCY PRACTICE

"Leading the Puerto Rico market for bankruptcy and restructuring matters..." 

-Chambers & Partners, Latin America, Editorial on Puerto Rico Overview, 2015.

Our team was formed by leading bankruptcy, restructuring and insolvency professionals with combined decades of experience at one of the largest law firms in Puerto Rico. Our team has been involved in the more complex cases in Puerto Rico, representing, over the last few years, over $100 Billion in distressed debt in restructuring and insolvency related proceedings in Puerto Rico.

 

Our team provides sophisticated, yet practical and timely legal advice in all areas of bankruptcy, restructuring, commercial litigation and the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).  

 

Our lawyers are recognized for their innovative representation of financial institutions and private equity funds in distressed transactions and strategic advice to stakeholders dealing with troubled projects.

 

Marini Pietrantoni Muñiz’ lawyers have devised cutting-edge solutions for banks and other financial institutions, secured and unsecured creditors, debtors and borrowers, indenture trustees, distressed investors, and other interested parties. We have extensive experience in handling Chapter 11 cases, pre-arranged and pre-packaged bankruptcies, out-of-court restructurings, refinancings, recapitalizations and asset sales. Our lawyers have particular strength in handling complex and sophisticated creditors’ rights matters for many of leading financial institutions and all commercial banks in Puerto Rico. Further, we represent nontraditional banking clients, like hedge funds and private equity firms, in distressed transactions.  The firm also represents the  Puerto Rico Fiscal Agency & Financial Advisory Authority (AAFAF) in the bankruptcy cases commenced under Title III of PROMESA of the Commonwealth of Puerto Rico, the Puerto Rico Electric Power Authority, Puerto Rico Highway and Transit Authority, COFINA, Employee Retirement System, and the Public Building Authority. These are some of the largest bankruptcies filed in the US, with over $70 billion of debt

Learn more about our practice areas on the pages below:

 

Luis C. Marini and Carolina Velaz serve as chairs of the Bankruptcy & Insolvency Practice.

 

Market and Industry Recognition

 

Our lawyers have been recognized as leading the insolvency market in Puerto Rico. As part of its overview of the Puerto Rico legal market, Chambers & Partners recently commented that: “[t]he economic climate has, however, contributed to an increased volume of bankruptcy and restructuring matters, an area currently led by [Marini Pietrantoni Muniz’] Luis Marini.”  Chambers & Partners, Latin America Edition, 2016. 

Our lawyers have been recognized by Chambers & Partners, both in the Global and Latin America editions, as leading practitioners for bankruptcy, restructuring, and dispute resolution, and have received the highest individual rankings from such organizations for bankruptcy and restructuring in Puerto Rico (see here). Our lawyers have also been recognized by Best Lawyers® as among the top practitioners in Puerto Rico and as Lawyer of the Year (2020) for Bankruptcy and Restructuring, and by the American Bankruptcy Institute’s 40 Under 40 Leadership Awards.

Our team is also deeply involved in the insolvency community.  Among our lawyers are a member of the Local Bankruptcy Rule Committee for the United States Bankruptcy Court, District of Puerto Rico, a member of the Advisory Board of the American Bankruptcy Institute’s Caribbean Insolvency Symposium, a prior law clerk of the Chief Judge for the United States Bankruptcy Court for the District of Puerto Rico, an editor of the American Bar Association, Insolvency Chapter, a member of the American Bankruptcy Institute’s 40 Under 40 Leadership Team, members of the Puerto Rico Bankruptcy Bar Association, the American Bankruptcy Institute, the Federal Bar Association, American Bar Association, among others.