Puerto Rico Board Seeks Willkie to Advise on Utility Debt Talks

Puerto Rico’s financial oversight board is seeking Willkie Farr & Gallagher LLP to serve as special adviser to a mediation team that’s steering negotiations between the island’s bankrupt power utility and its creditors.

The federally-appointed oversight board is also asking the court to allow former US Bankruptcy Judge for the Southern District of New York Shelley C. Chapman to continue in her role as lead mediator in the debt talks, according to court filings.

Chapman, who oversaw the Lehman Brothers Holdings bankruptcy, retired this year and rejoined Willkie as senior counsel. She previously was a partner for the law firm ...