All posts tagged "debt moratorium"
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Government will seek to pay both essential services, debt
New law would keep García Padilla's moratorium orders for now
- Posted January 25, 2017
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Scotiabank sues Puerto Rico govt seeking loan repayment
SAN JUAN – Scotiabank filed a lawsuit against Puerto Rico’s government Wednesday seeking repayment of a multimillion-dollar loan despite a debt moratorium imposed amid an economic crisis. The Canada-based bank’s Puerto Rico operation argued in the filing that...
- Posted September 28, 2016
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Witnesses provide varying views about government liquidity
SAN JUAN – The second day of U.S. District Court hearings on four consolidated lawsuits from plaintiffs seeking relief from the stay established by Promesa, produced two conflicting testimonies. The plaintiffs argued that they should get relief...
- Posted September 23, 2016
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Federal Judge Listens to Arguments Against Promesa Stay
Plaintiffs argue local debt-moratorium act is unconstitutional
- Posted September 22, 2016
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Creditors Alert Promesa’s Fiscal Board About GDB
Ad Hoc Group of GDB Bondholders sends letter to board members
- Posted September 22, 2016
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House Passes $8.5 Billion Budget for Next Fiscal Year
Approved budget is $600 million less than originally proposed by Gov. García Padilla
- Posted June 21, 2016
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Emergency at Highways Could Prompt Legal Backlash
García Padilla places Highways & Transportation Authority under emergency period
- Posted May 18, 2016
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Uncertainty Still Clouds Puerto Rico’s New Fiscal Agent
Still unclear who’s running fiscal point
- Posted May 17, 2016
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GDB Debt Trustee Files Notice of Default
Trustee says pursuit of remedies is limited, retains law firm
- Posted May 5, 2016