January 10, 2020 (New York) — Proskauer partners Timothy Mungovan and Martin Bienenstock have been named Litigators of the Week by The AmLaw Litigation Daily. In a profile about the pair’s recent victory, they discuss Puerto Rico’s economic future. The duo led a team in notching a “watershed win before the U.S. Court of Appeals for the First Circuit in the $125 billion Puerto Rico debt restructuring—one of the biggest and complex far-reaching cases around.”
Originally selected as counsel for the Financial Oversight and Management Board for Puerto Rico from a pool of 48 applicants, the two have scored an unprecedented win and continue to help lead Puerto Rico through troubled waters. They said “This representation is very important to Proskauer, principally because of the stakes involved. The economic future of the Commonwealth—and that of the three and a half million United States citizens who reside there—is in the balance.”
Read the AmLaw article here.