All posts tagged "Puerto Rico Emergency Moratorium & Financial Rehabilitation Act"

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  Elías Sánchez says gov’t to spot and hold funds for debt obligations

  Official adds Cofina won't be affected for the time being

  • Posted January 25, 2017
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  García Padilla challenges governor to eliminate his administration’s laws

  SAN JUAN – Former Gov. Alejandro García Padilla challenged the administration of Gov. Ricardo Rosselló to eliminate the laws his administration established that were harshly criticized by the New Progressive Party (NPP) minority in both legislative chambers...

  • Posted January 25, 2017
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  Legislature to extend Moratorium Act with replacement measure

  SAN JUAN – A bill to be presented by Gov. Ricardo Rosselló this week to extend and replace the Emergency Moratorium & Financial Rehabilitation Act to avoid a lack of cash flow in February “has the support...

  • Posted January 23, 2017
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  US Court of Appeals for First Circuit rules in favor of Puerto Rico, maintains stay

  SAN JUAN – The U.S. Court of Appeals for the First Circuit ruled Wednesday in favor of the Puerto Rican government in allowing the stay on litigation established by Promesa to continue in several creditor cases. In...

  • Posted January 11, 2017
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  Extending the Moratorium Act not enough to operate the government

  'The problem is broader and we need other tools,' Gov. Rosselló said

  • Posted January 5, 2017
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  Municipal Revenue Collection Center has no money for January payments

  Hopes for fiscal oversight board to approve line of credit so municipalities receive payments on time

  • Posted December 7, 2016
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  San Juan mayor joins oversight board protests in Fajardo

  SAN JUAN – San Juan Mayor Carmen Yulín Cruz Soto joined protests against the fiscal oversight board created by Promesa, which was holding its third official meeting in Fajardo’s El Conquistador Resort on Friday. In a radio interview with WKAQ,...

  • Posted November 18, 2016
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  Fiscal control board meets for third time

  SAN JUAN – The fiscal control board created by the Puerto Rico Oversight, Management and Economic Stability Act (Promesa) was holding its third meeting Thursday. It is the first time it does so officially in Puerto Rico. While in a...

  • Posted November 18, 2016
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  Judge Besosa rules in favor of Promesa stay on litigation

  SAN JUAN – U.S. Federal Judge Francisco Besosa declined Wednesday night to lift the automatic stay imposed by Promesa in three consolidated cases, yielding a major victory to the commonwealth in its efforts to get breathing space to...

  • Posted November 2, 2016
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  Besosa’s recent ruling provides view on how he may rule on Promesa’s stay

  SAN JUAN – A recent ruling by U.S. District Court Judge Francisco Besosa could provide a clue as to how he plans to rule in four consolidated cases involving Puerto Rico bondholders who are challenging the constitutionality...

  • Posted October 12, 2016