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English Translation Key In 1st Circ. Puerto Rico Bond Dispute

By Aaron Leibowitz ( January 7, 2019, 3:53 PM EST) -- The fate of billions of dollars in collateral from employer contributions to Puerto Rico's largest public pension fund could hinge on the fact that an official Spanish-to-English translation altered the English name of the fund, an action whose impact on bondholders staking a claim to the collateral was debated Monday before a First Circuit panel....

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