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13 Aug 2017, 6:00 am by Ed. Microjuris.com Puerto Rico
Because a fiscal plan certified by the oversight board is conclusive and nonreviewable, a Title III court is likely to accord great deference to the oversight board’s determination that a specific PPP satisfies this “economic growth” requirement, and absent a successful challenge to PROMESA itself, would by its terms lack authority to hear any dispute regarding such determination.[6] Thus, if a certified fiscal plan prioritizes PPP transactions as part of a Title III plan… [read post]