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Puerto Rico debt investigator: Final report to be published by Monday

By on August 16, 2018

SAN JUAN – Kobre & Kim LLP, the independent investigator that is probing the causes of Puerto Rico’s $70 billion debt, notified on Wednesday that its final report will be published by Monday.

The investigator had said in July that its findings would be published Aug. 15.

The inquiry into the island’s indebtedness has relied on documents provided by more than 150 witnesses and parties—including former and current government officials and various financial institutions, rating agencies, financial advisers, professionals and regulators.

John Couriel, of Kobre & Kim, was hired by the fiscal board to investigate Puerto Rico’s debt. (CB file)

“The Independent Investigator intends to coordinate with the Oversight Board to organize the materials collected during the course of the Investigation and to establish and transfer various documents and information to a secure centralized document depository,” to which interested parties can seek access, the firm recently said.

The procedures to release documents include providing “disclosing parties” with advance notice of the planned publication of their confidential information, if required by a non-disclosure agreement; require those parties to meet and confer with the independent investigator to resolve any dispute over the publication of their confidential information, and if the dispute cannot be resolved consensually, “provide disclosing parties the opportunity to seek a protective order before the information is disclosed.”

In its notification Wednesday Kobre & Kim said its final report would be available on the Financial Oversight and Management Board’s website.

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