Recently, Puerto Rico’s government defaulted on close to $1 billion in debt in order to maintain “essential services.” The legislation will allow for the creation of a federally appointed oversight board to help balance Puerto Rico’s budget and manage debt, but will take some time to set up. The legislation also calls for a temporary stay on bondholder lawsuits, and Puerto Rico must negotiate permanent restructuring terms with creditors on a voluntary basis.
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Apr 07 2013
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Written by PLP News
In a sensational case that has reportedly “grabbed the attention…
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Mar 31 2013
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Written by PLP News
A DLA Piper associate’s e-mail stating “that bill shall know…
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Jan 26 2014
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Written by PLP News
A 55-year-old attorney at White & Case, who recently filed…
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Jun 15 2014
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Written by Tami Kamin Meyer
More than 1.2 million applications, or “apps,” are available at…
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