Puerto Rico Sues Oversight Board Over Bid To Nullify Laws

Law360 (June 15, 2020, 7:08 PM EDT) -- The governor of Puerto Rico has filed a series of adversary complaints against the Financial Oversight and Management Board appointed to run the commonwealth's bankruptcy proceedings, saying the board has sought to nullify laws adopted by Puerto Rico's government.

In the suits filed late Friday in the island's bankruptcy court, Gov. Wanda Vazquez Garced and the Puerto Rico Fiscal Agency and Financial Advisory Authority — the local government's fiscal adviser — said the FOMB is exceeding its statutory authority by trying to invalidate laws passed by the Puerto Rican government that deal with health care and emergency management.

The board was...

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