Tabb Quoted on Puerto Rico Law

Of Counsel Charles Tabb was interviewed on a Bloomberg Law radio show, “Bloomberg Law Brief: SCOTUS Voids Puerto Rico Law,” on June 14, 2016. The interview discussed a Supreme Court decision that voids a Puerto Rico law that would have let the territory’s public utilities restructure their debt, leaving the island’s financial future in the hands of congress. Tabb said, “The dissent’s view that ‘Congress excluded Puerto Rico from Chapter 9 for all purposes’ makes much more sense. While a possible reading, the only problem with the Court’s decision is that in context it makes absolutely no sense … The majority’s response does little more than fall back on its myopic reading of the definitional limitation in Section 101(52).”