Search for: "The Financial Oversight and Management Board for Puerto Rico"
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23 Jan 2019, 12:06 pm
Mitu Gulati & Mark Weidemaier Last week, the Government of Puerto Rico, acting through the Financial Oversight and Management Board (and in conjunction with the creditors’ committee), filed a claims objection seeking to invalidate roughly $6 billion of its General Obligation debt. [read post]
23 Jan 2019, 10:22 am
The objection was jointly filed by the creditors' committee and the Financial Oversight and Management Board for Puerto Rico, but the Board only joined in one of the two main arguments that are put forth. [read post]
15 Jan 2019, 10:24 am
The Financial Oversight Management Board for Puerto Rico (the Board) is asking a federal district court judge to invalidate over $6 Billion in general obligation (GO) bonds by disallowing any claims brought by the bonds’ holders. [read post]
7 Jan 2019, 11:35 am
Puerto Rico’s court-supervised restructuring process was instead brought under the Puerto Rico Oversight Management and Economic Stability Act ( commonly referred to as “PROMESA”). [read post]
18 Dec 2018, 7:14 am
The Financial Oversight and Management Board for Puerto Rico 18-560 Issue: Whether the Supreme Court should resolve a conflict among the courts of appeals over the correct legal standard for determining whether a lien is a “statutory lien” under the Bankruptcy Code. [read post]
16 Dec 2018, 4:21 pm
Curso en línea relacionado: Repensar una isla: Fondos CDBG-DR y la recuperación de Puerto Rico – 1.75 horas crédito [MISC-2018-1057] The Fiscal Oversight Board (FOB) has issued a statement arguing that disaster mitigation and reconstruction funds are a matter pertaining “mainly to the Puerto Rican government. [read post]
29 Oct 2018, 7:40 am
In 2016, the United States Congress approved the Puerto Rico Oversight, Management and Economic Stability Act, also known as P.R.O.M.E.S.A, and thereby established an Oversight Board to handle Puerto Rico’s dire financial crisis. [read post]
6 Sep 2018, 12:52 pm
The findings are part of the efforts of the U.S. territory’s Financial Oversight and Management Board to look into what caused the island’s current financial crisis. [read post]
26 Aug 2018, 6:11 am
FOB Debt Audit Report Released Kobre & Kim—the independent investigators hired by the Fiscal Oversight Board (FOB)—released its findings on the Island’s debt and the reason for its financial collapse. [read post]
9 Aug 2018, 11:24 am
Instead, the court ruled that oversight of financial management shall be handled by the PROMESA—created Financial Oversight and Management Board for Puerto Rico in accordance with the legislation itself. [read post]
10 Jul 2018, 7:43 pm
The Financial Oversight and Management Board for Puerto Rico El Gobierno de Puerto Rico presentó una demanda contra la Junta de Supervisión y Administración Financiera (JSF) con el objetivo de establecer los parámetros de injerencia de ese organismo en el presupuesto del país luego de que ese organismo decidiera imponer un plan fiscal distinto al aprobado por la Legislatura. [read post]
27 Jun 2018, 12:27 pm
According to recent news reports, an independent investigator has been hired by Puerto Rico’s Financial Oversight and Management Board to investigate policies that contributed to the island’s debt crisis. [read post]
21 May 2018, 12:56 pm
The bond insurer pointed out that under Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), the law Congress passed in response to Puerto Rico’s financial problems, the oversight board has to honor these liens. [read post]
9 May 2018, 4:13 am
Lee la demanda: The Financial Oversight and Management Board for Puerto Rico v. [read post]
18 Apr 2018, 7:31 am
The following is the Director’s Opening Statement: ANDREI IANCU Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office before the Committee on the Judiciary UNITED STATES SENATE “Oversight of the U.S. [read post]
2 Feb 2018, 2:47 pm
In a statement, the federal oversight board criticized Puerto Rico’s financial transparency, noting it has yet to publish audited financial statements for fiscal year 2015, according to Reuters. [read post]
2 Feb 2018, 8:57 am
Rather, they should take note of resolution agreements and other enforcement actions against health plans such as the $2.2 million settlement payment APFRE Life Insurance Company of Puerto Rico (MAPFRE) paid under a 2017 resolution agreement to resolve HIPAA violation charges OCR brought based on its investigation of a September 29, 2011 breach report MCPFRE made to OCR. [read post]
8 Jan 2018, 2:24 pm
Aurelius Capital Management seeks to invalidate a key element of PROMESA, the 2016 law that, among other things, created a bankruptcy process for the Puerto Rico that has been underway since May 2017, managed by an Oversight Board that has been working through its PROMESA tasks for many months longer. [read post]
7 Jan 2018, 4:00 am
The Financial Oversight and Management Board for Puerto Rico Para la reestructuración, los depósitos de los municipios se consideran deudas no aseguradas, las cuales tendrán menor valor al final de la reestructuración. [read post]
16 Dec 2017, 8:50 am
In my travels through California, Alabama, Georgia, Puerto Rico, West Virginia, and Washington DC I have spoken with dozens of experts and civil society groups, met with senior state and federal government officials and talked with many people who are homeless or living in deep poverty. [read post]
