All posts tagged "U.S. Bankruptcy Code"
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
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
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
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
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
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
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