Search for: "The Financial Oversight and Management Board for Puerto Rico"
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26 Jul 2019, 3:00 am
Now Hunter Biden’s service on the board of Burisma Holdings has emerged as an issue facing his father’s campaign. [read post]
25 Jul 2019, 9:13 am
" In one text thread about the management of Puerto Rico's financial crisis, Rossello wrote, "Dear oversight board, go f— yourself" followed by several of middle finger emojis....In one particularly unsettling exchange, Rossello made fun of the victims of Hurricane Maria, which devastated the island in 2017, killing more than 3,000 people. [read post]
5 Jul 2019, 4:30 am
Descarga el documento: In re: The Financial Oversight and Management Board for Puerto Rico – Memorandum Order Denying Motion For Relief From Stay Filed By The Asociación Puertorriqueña De La Judicatura, Inc. [read post]
24 Jun 2019, 1:25 pm
Last February I noted that the First Circuit had invalidated the appointments to the Financial Oversight Management Board created by a statute called PROMESA to oversee the Puerto Rico bankruptcy. [read post]
24 Jun 2019, 10:12 am
If the Supreme Court actually hears and decides this case (e.g., if it does not become moot in the interim), its focus inevitably will be broader than PROMESA and Puerto Rico's financial crisis. [read post]
24 Jun 2019, 3:55 am
At Law.com, Tony Mauro reports that “[f]ormer U.S. solicitors general Theodore Olson and Donald Verrilli Jr. are set to square off before the U.S Supreme Court in October to resolve a complex dispute over the status of an oversight board established by Congress in 2016 to help Puerto Rico recover from a devastating financial crisis. [read post]
20 Jun 2019, 4:38 pm
In an unusual order, the high court granted certiorari in five cases testing the legitimacy of the Financial Oversight and Management Board. [read post]
20 Jun 2019, 12:12 pm
Congress responded by creating an independent board, the Financial Oversight and Management Board, to oversee the restructuring of the commonwealth’s massive debt and to make fiscal, legal and governance reforms to bring financial stability back to Puerto Rico. [read post]
7 Jun 2019, 10:35 am
The petitions of the week are: Financial Oversight and Management Board for Puerto Rico v. [read post]
15 May 2019, 7:28 pm
Endnotes 1 In re the Financial Oversight and Management Board for Puerto Rico, —-F.3d—-, 2019 WL 364029 (2019) 2 In re 180 Equipment, LLC, 2018 WL 4006294 (Bankr. [read post]
6 May 2019, 1:07 pm
Kayatta, Jr., Appellate Judge: In accordance with Federal Rule of Appellate Procedure 41(b), this Court ordered the withholding of its mandate in this case for a period of 90 days so as to allow the President and the Senate to appoint members of the Financial Oversight and Management Board for Puerto Rico in accordance with the Appointments Clause. [read post]
2 May 2019, 6:00 am
Jaresko, Executive Director, Financial Oversight and Management Board for Puerto Rico Mr. [read post]
1 May 2019, 8:32 am
By Jennice Fuentes / Fuentes Strategies President Donald Trump announced that he will nominate all current Financial Oversight and Management Board (FOMB) members for Senate confirmation. [read post]
6 Mar 2019, 12:25 pm
Puerto Rico’s efforts to restructure its $120 billion debt load rested largely in the hands of a federal board that was empowered in 2016 under the Puerto Rico Oversight, Management and Economic Stability Act, or PROMESA. [read post]
5 Mar 2019, 9:32 am
Their committee formation comes just weeks after Puerto Rico’s fiscal oversight board,known as the Financial Oversight and Management Board (the “Board”), raised questions about whether $6 billion in general obligations are valid. [read post]
24 Feb 2019, 11:46 am
Note that the Puerto Rico Oversight Board, assuming it is still around to do so (Aurelius again, more on that to come), can now cite this opinion to support its argument that the Building Authority's debt is really Puerto Rico’s own debt. [read post]
15 Feb 2019, 3:08 pm
A few thoughts on the First Circuit's separation of powers ruling on the Puerto Rico bankruptcy boardThis afternoon the First Circuit issued a very important opinion holding unconstitutional the appointments to the Financial Oversight Management Board created by the PROMESA statute, which exercises authority over Puerto Rico's bankruptcy. [read post]
14 Feb 2019, 8:33 am
According to Law360, resolving this issue has been integral to moving forward the debt restructuring proceedings that were put into place under the 2016 Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). [read post]
2 Feb 2019, 4:40 am
Maldonado will remain as the CFO of the Commonwealth, a move that was praised by Fiscal Oversight Board (FOB) Executive Director Natalie Jaresko. [read post]
31 Jan 2019, 2:03 pm
John Reed Stark As cybersecurity has become an increasingly important consideration for all corporate operations, one of the most pernicious problems has been the rise of so-called “ransomware” attacks – that is, systems breaches in which hackers take control of corporate networks and demand ransom payments as a condition of unlocking the systems. [read post]
