All posts tagged "U.S. Bankruptcy Code"

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  Supreme Court Rules Against Puerto Rico Debt Recovery Act

  SAN JUAN – The U.S. Supreme Court upheld Monday a lower court ruling that declared unconstitutional the 2014 Public Corporation Debt Enforcement and Recovery Act, which allowed certain public corporations to restructure their debts, arguing that the...

  • Posted June 13, 2016
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  Washington and San Juan: A “Tale of Two Cities”, Moratorium or Oversight Board

  Editor’s note: The following opinion piece was written by former Judge Gerardo A. Carlo-Altieri. He was the chief judge of the U.S. Bankruptcy Court for the District of Puerto Rico (1994-2009) and a member of the Bankruptcy...

  • Posted April 11, 2016
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  Scotiabank, Insurers, U.S. CofC Against Recovery Act

  Detractors Say States and Municipalities Enacting their own Bankruptcy Laws would have Grave Consequences on the Monoline Insurance Industry

  • Posted March 10, 2016
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  Commonwealth Shuffles Options as Summer Debt Cliff Looms

  Collective Action Clauses Present a new Alternative The clock continues to tick on a Puerto Rico government that is quickly approaching its fiscal “D-Day” early this summer. The debate remains open on what exactly the “D” stands...

  • Posted February 25, 2016
• San Juan Mayor offers 4 Alternatives to Creation of Fiscal Control Board

  SAN JUAN – San Juan Mayor Carmen Yulín Cruz presented four options that the United States could use instead of creating a fiscal control board to confront the crisis Puerto Rico faces for not being able to...

  • Posted February 7, 2016
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• US Senators File Amendment to Establish Temporary Stay on Litigation Against Puerto Rico

  SAN JUAN – U.S. Senators have have introduced legislation that would establish a short-term stay on creditor litigation until “Congress takes action to allow Puerto Rico to restructure its debts,” a news release says. The Puerto Rico...

  • Posted February 2, 2016
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  PRMA to US Supreme Court: Services, Jobs in Jeopardy without Restructuring Framework

  SAN JUAN – The lack of a legal framework to allow a fair restructuring of Puerto Rico’s debt and that of its public corporations threatens the manufacturing sector, which provides 350,000 direct and indirect jobs on the...

  • Posted January 31, 2016
• Attorney to U.S. Supreme Court: Keeping Puerto Rico out Bankruptcy Code Protections is Unconstitutional

  SAN JUAN – Pro-statehood attorney Gregorio Igartúa urged the U.S. Supreme Court in a friend of the court brief to rule that Puerto Rico is an “incorporated territory” of the United States to stop the “discriminatory treatment”...

  • Posted January 28, 2016
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• Bar Association Expects Favorable Supreme Court Ruling on Puerto Rico Bankruptcy Law

  SAN JUAN – The Puerto Rico Bar Association expects a favorable U.S. Supreme Court ruling in the local bankruptcy case, with Bar President Mark Anthony Bimbela stating, “It is essential the law can be implemented because the...

  • Posted January 28, 2016
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