October 22, 2021
The judge overseeing Puerto Rico's debt restructuring Friday called for an urgent status conference after reports that a bond issue needed to make the plan proposed by the island's fiscal oversight board work failed to pass the commonwealth's upper house.
October 20, 2021
Bondholders, bond underwriters, teachers and credit unions are among those who have registered their objections to Puerto Rico's proposed restructuring of the island's debt as the plan heads toward its confirmation hearing in three weeks.
October 18, 2021
The Service Employees International Union has told a federal bankruptcy judge that the Puerto Rican government cannot be affirmatively required to enact certain legislation currently called for as part of a proposed plan to restructure some $70 billion in debt carried by the territory.
October 06, 2021
The federal judge overseeing Puerto Rico's financial restructuring Wednesday ruled that she will be the one to make the final call on whether the restructuring proposed by the island's fiscal oversight board is consistent with the board's future fiscal plan.
August 09, 2021
A bondholder lost his battle for the appointment of an official committee of retail bondholders in the Commonwealth of Puerto Rico's bankruptcy case when the presiding judge ruled Monday that the interests of small investors have been adequately represented.
July 20, 2021
Puerto Rico's financial management board is asking the judge overseeing the commonwealth's bankruptcy case to reject a call for a committee to represent "retail" bondholders, saying they have been adequately represented in the case.
July 16, 2021
Though the pace of new bankruptcy cases slowed in the first half of 2021, the proceedings of large and complex cases continue to wind their way through the nation's insolvency courts. Here, Law360 gives a preview of what to expect for the remainder of 2021 in significant pending cases.
July 13, 2021
Puerto Rico's fiscal management board told a bankruptcy judge Tuesday that the commonwealth's unsecured creditors have agreed to its restructuring plan and that the plan is ready to be sent out for a vote, while other creditors questioned whether the plan is legally viable.
April 14, 2021
A group of holders of Puerto Rican government bonds have asked a Puerto Rico bankruptcy judge to reject a request by the island's financial oversight board for a summary judgment on their claims on government revenues, saying the board is trying to force them into a settlement.
March 09, 2021
The fiscal oversight board managing the insolvency proceedings of Puerto Rico announced Tuesday that it has filed a plan of adjustment that aims to end its restructuring case by the end of 2021 and calls for significantly slashing its $35 billion in bond debt.