David J. Fernandez Quoted in The Bond Buyer Article, “How PROMESA Breaks Away from Muni Traditions on Collective Action”

David J. Fernandez, shareholder in Buchanan’s FIBRE section, was recently featured in The Bond Buyer discussing the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) and how that rescue legislation makes its biggest break from municipal finance tradition in a section dealing with collective action, referring to Title VI, section 601.

Chapter 9 of PROMESA "streamlines the process and prevents forum shopping," said David Fernandez, public finance attorney at Buchanan, Ingersoll & Rooney PC.

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