Search for: "Commonwealth of Puerto Rico "
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18 Aug 2016, 2:29 pm
The Supreme Court of Puerto Rico agreed but the Commonwealth appealed. [read post]
2 Feb 2018, 2:47 pm
Puerto Rico’s financial oversight board said it would probe the sources of some $6.9 billion in cash held by the bankrupt U.S. commonwealth’s government in several bank accounts, according to Reuters. [read post]
11 Feb 2015, 10:55 am
As previously predicted, and in light of recent events, legislation has been reintroduced to allow Puerto Rico's municipalities into chapter 9. [read post]
28 Mar 2016, 8:50 am
Samuel Arsht Professor of Corporate Law at the University of Pennsylvania Law School, and who submitted an amicus brief in support of the Commonwealth of Puerto Rico. [read post]
2 Mar 2019, 8:30 am
Although many of the thousands of cases investors in Puerto Rico bonds and closed-end funds have brought over the last five years have focused on UBS Financial Services Incorporated of Puerto Rico (“UBS-PR”), other brokerage firms in the Commonwealth engaged in the same wrongful sales practices. [read post]
20 Aug 2016, 6:42 am
On June 30, 2016, the United States Senate passed the “Puerto Rico Oversight, Management and Economic Stability Act” (“PROMESA”) and it was quickly signed into law by President Obama. [1] PROMESA enables the Commonwealth of Puerto Rico and its public corporations and other instrumentalities in financial distress to restructure their debt. [2] The goal of PROMESA is to “bring solvency to Puerto Rico, build a… [read post]
22 Mar 2016, 2:01 pm
In Puerto Rico v. [read post]
22 Jul 2014, 5:45 am
Attorney General of the Commonwealth of Puerto Rico, 2014 PR Sup. [read post]
27 Jul 2018, 11:48 am
The Puerto Rico law covers fraud in all Puerto Rico government programs and services, not just Medicaid fraud. [read post]
12 Jul 2016, 4:29 pm
Samuel Arsht Professor of Corporate Law at the University of Pennsylvania Law School, and who submitted an amicus brief in support of the Commonwealth of Puerto Rico. [read post]
2 Jan 2018, 10:58 am
After being battered a few months ago by hurricane Maria which devastated the Island Commonwealth’s power infrastructure, Puerto Rico is continuing to take hits financially. [read post]
14 Apr 2017, 6:07 am
Pietrantoni 1 Given the likelihood of a Title III proceeding under the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) for the Commonwealth of Puerto Rico and certain of its instrumentalities in the near future,2 we thought it useful to outline some, but by no means all, of the key issues that are likely to be raised. [read post]
20 Mar 2015, 6:24 pm
Armendariz, the Solicitor General of the Commonwealth of Puerto Rico essentially sided with the appellants and... [read post]
13 Apr 2017, 5:55 am
Pietrantoni 1 When Congress enacted the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), it provided the Commonwealth of Puerto Rico and its instrumentalities two distinct restructuring tools to address its financial challenges. [read post]
2 May 2016, 3:54 am
Map of Puerto Rico CNN reports that, continuing a trend over the last several years, Puerto Ricans are leaving the island for the mainland United States at a historic rate. [read post]
31 Oct 2019, 7:10 am
Puerto Rico’s non-voting representative Jenniffer González-Colón says that statehood is needed in order for Puerto Rico to achieve political equity. [read post]
2 Mar 2017, 11:23 am
The act was superseded by the Commonwealth Act of 1952 which granted more autonomy to Puerto Rico’s government. [read post]
8 Jul 2015, 3:28 pm
As Melissa has noted, the First Circuit has found that the Commonwealth's attempt to solve its own problem runs afoul of Congress' "intent" to leave Puerto Rico without a municipal bankruptcy system. [read post]
30 Mar 2011, 10:11 pm
The Commonwealth of Puerto Rico has some of its own laws when it comes to Intellectual Property. [read post]
6 Mar 2019, 12:25 pm
The report estimates that more than $1 billion went toward management fees for Santander and other banks Where does this leave the thousands of Mom and Pop Puerto Rico bond investors who have lost their retirement savings by holding the Island Commonwealth’s bonds? [read post]
