Puerto Rico Oversight Board Says It Should Lead Debt Probe
By Alex Wolf (August 3, 2017, 8:56 PM EDT) -- The federally appointed board overseeing Puerto Rico's historic debt restructuring said Thursday that it opposed a bid from a group of creditors for a probe into the territory's debt, saying that it was the party best able to investigate the debt and its "relationship to the fiscal crisis."
The Financial Oversight and Management Board for Puerto Rico, installed last year as part of the federal government's legislative package to see the U.S. territory through a massive debt crisis, said in a press release Wednesday that it would commence a comprehensive investigation into the underlying causes of the island's economic turmoil, particularly...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!