Sunday, January 20, 2019

Cleary Gottlieb Steen & Hamilton lawyer requests admission to represent gov’t entities in Puerto Rico utility’s bankruptcy

By on January 11, 2019

SAN JUAN – In what appears to be a sign of the imminent privatization of the Puerto Rico Electric Power Authority (Prepa), a lawyer with Cleary Gottlieb Steen & Hamilton  LLP is asking for admission to the U.S. District Court in San Juan to represent the Central Recovery and Reconstruction Office (COR3) and Public-Private Partnerships Authority (P3) in the utility’s bankruptcy case.

Luke A. Barefoot merely stated in a court document that he will represent the two entities in the case. The P3 Authority is in charge of the process of putting the utility’s transmission and distribution system in private hands.

COR3 was created in 2017 to carry out the recovery and reconstruction efforts in Puerto Rico, following the passage of hurricanes Irma and María. Its purpose is to identify, procure and manage all state, federal and private resources available to government entities for the island’s recovery.

Barefoot was admitted before to work in Puerto Rico in Wal-Mart Puerto Rico Inc. v. Zaragoza-Gómez, in which the retail giant sought to stop the local government from imposing a tax it claimed would have a detrimental impact on its local operations.

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