Richard Cooper is a partner based in Cleary Gottlieb’s New York office where he focuses on international and domestic restructurings both in the private and public sectors. Cooper led the team that advised the Commonwealth of Puerto Rico with the restructuring of approximately $73 billion of indebtedness prior to the change in administrations. He also played a lead role in the development and passage of the federal statute known as the Puerto Rico Oversight, Management and Economic Stability Act, or “PROMESA”, which creates the first federal debt restructuring regime available to U.S. territories, including Puerto Rico. Cooper also led the team that advised the Puerto Rico Electric Power Authority, the largest municipal utility in the United States, in its restructuring of over $9.5 billion of indebtedness and related matters, and the Government Development Bank of Puerto Rico in its negotiations with creditors. In Latin America, he has advised on many of the most high-profile restructuring transactions in recent years, including OGPar, Oi, GVO, OAS, Odebrecht Oil and Gas, Rioprevidencia, Embraport and Tonon in Brazil; ICA, GEO, Oceanografía, Oro Negro, Cemex, Comerci Mexicana and Vitro in Mexico; San Antonio Oil and Gas, Edenor, Metrogas, Telecom Argentina and Easa in Argentina; and Gildemeister and Alsacia and Express in Chile, among others.