All posts tagged "PROMESA"

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  Mayors Seek to Save Funding

  Meet with FOMB to Iron Out Deal to Avoid Budget Cuts of 70% Puerto Rico’s mayors are in negotiations this week with the island’s Financial Oversight and Management Board (FOMB) to save the Municipal Revenue Collection Center’s...

  • Posted June 16, 2022
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  Person of the Year – Judge Laura Taylor Swain

  Her decisions will eventually determine, in large part, what Puerto Rico looks like over the next 20 years—and generations to come.

  • Posted December 15, 2021
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  Title III Creditors Come Out Better Under Promesa

  FOMB Report: Average Claim Recovery Is 69 Percent

  • Posted December 2, 2021
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  Judge Swain Blocks Request for an Investigation, Asks for Timetable on Debt Plan

  Fiscal Board Supports Referrals to SEC, New York AG but Says Title III Investigation Would Create ‘Gray Area’

  • Posted October 28, 2020
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  Puerto Rico fiscal oversight board to hold public meeting Tuesday on gov’t financial statements, economic development

  Watch the meeting, at 2 p.m., on outstanding audits, review of BDO Puerto Rico audit and presentation of report on manufacturing opportunities

  • Posted August 3, 2020
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  U.S. Reps, Puerto Rico gov’t and its fiscal board spar at congressional hearing

  Gov seeks amendment to curb board authority; Jaresko says move would hinder debt restructuring

  • Posted June 12, 2020
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  Ambac Files Complaint Against Fiscal Board

  Alleges Promesa Violates Constitution’s Uniform Bankruptcy Law Requirement

  • Posted May 27, 2020
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  Lawmakers introduce bill to amend Puerto Rico Oversight, Management and Economic Stability Act

  Legislation intended to 'stabilize Puerto Rican Economy, stop austerity cuts and guarantee services funding'

  • Posted May 22, 2020
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  Amid Outbreak, Oversight Board Grants Puerto Rico Gov’t Time to Revise Fiscal Plan

  Fiscal Agency says negative impact on economy expected to 'persist over the next two quarters and could be considerable'

  • Posted March 17, 2020
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  SEIU President Warns of Promesa Deficiencies After GDB Default

  Says Law Doesn't 'Provide the tools' to Cut Debt to a Sustainable Level

  • Posted March 11, 2020