Saturday, January 28, 2023

Puerto Rico fiscal board’s Claims Committee seeks accounting and financial consulting firm

By on February 4, 2019

SAN JUAN – The Special Claims Committee of the Financial Oversight Board for Puerto Rico published a request for proposals (RFP) Monday in search of an accounting and financial adviser to assist it and its legal adviser, Brown Rudnick, in its investigation of potential claims that might arise from the debt investigation Report by Kobre & Kim.

The scope of the work the committee would need includes accounting and other financial advisory services, analysis regarding solvency of the debtors underTitle III of the Puerto Rico Oversight, Management and Economic Stability Act (Promesa), “as well as the ability to provide potential expert testimony relating to any litigation arising from the investigation,” according to the release.

The board said the advisory firm will report to Brown Rudnick and the committee, and “should possess expertise and experience on restructuring, forensic accounting, litigation support, municipal finance, and capital markets, and should be able to commence work immediately.”

The response to the RFP is due by 5 p.m. AST Friday, Feb. 8.

For more information, visit the following link.

Judge approves procedures to manage proposed annulment of $6 billion in Puerto Rico debt


You must be logged in to post a comment Login