Monday, March 27, 2023

Forum to Analyze Promesa, Public Debt and Supreme Court Decisions

By on June 27, 2016

SAN JUAN – “La Constitución y su Historia” (The Constitution and its History), a nonprofit organization, will hold a forum to discuss Puerto Rico’s public debt; the Puerto Rico Oversight, Management and Economic Stability Act (Promesa); and the recent Sánchez Valle and local bankruptcy cases heard by the U.S. Supreme Court.

The event will be held Wednesday and is open to the public.

The forum at Universidad Interamericana Law School’s theater in Hato Rey runs from 9:30 a.m. to 3 p.m and will feature renowned law professors and experts in constitutional litigation.

FILE - In this June 30, 2014 file photo, the Supreme Court building in Washington. The Supreme Court has upheld a 4-year-old federal program that pays large electric customers to save energy during times of peak demand. The justices ruled 6-2 on Monday, Jan. 25, 2016,  that the Federal Energy Regulatory Commission had the authority to issue directives aimed at conserving energy and preventing blackouts.  (AP Photo/Pablo Martinez Monsivais, File)

The Supreme Court building in Washington (AP Photo/Pablo Martinez Monsivais, File)

One of the speakers, Ramón Rosario, explained that the forum on Promesa and the public debt will cover various topics, such as the powers of the fiscal oversight board established through the federal bill; the restructuring process and its differences from regular bankruptcy; and the impact of creditor lawsuits.

The recent U.S. Supreme Court cases, which have drawn attention to the island’s political situation and status will also be discussed.

Law professors Carlos Ramos González, Carlos Díaz Olivo, Rafael Cox Alomar and Christina Duffy of Columbia University will also participate in the legal forum.

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