Thomas Moers Mayer to Testify in Congressional Hearings on Puerto Rico

Corporate Restructuring and Bankruptcy partner Thomas Moers Mayer will testify before the U.S. House of Representatives during a Feb. 2 congressional hearing regarding “The Need for the Establishment of a Puerto Rico Financial and Economic Growth Authority.” The hearing is being held by the Subcommittee on Indian, Insular and Alaska Native Affairs Committee to provide commentary on a possible solution to the Puerto Rican debt crisis. Kramer Levin, which is representing holders of more than $1.6 billion in bonds issued by the Puerto Rico Electric Power Authority, scored a landmark victory in February 2015, when the U.S. District Court for the District of Puerto Rico struck down the Puerto Rico Corporation Debt Enforcement and Recovery Act as unconstitutional.