Puerto Rico Court Shouldn't Hear Tax Row, Stakeholders Say

Law360, New York (June 22, 2017, 3:50 PM EDT) -- The board overseeing Puerto Rico's financial restructuring Wednesday united with bondholders and retirees to oppose moving a key dispute over sales tax revenue from federal court to the territory's Supreme Court.


The  Financial Oversight and Management Board for Puerto Rico, Ambac Assurance Corp. and the official committees of both the retired commonwealth employees and the senior bondholders of the island's Sales Tax Financing Corporation — known by its Spanish acronym of COFINA — all moved to oppose a request to allow the island's high court to consider if COFINA should be allowed to exist under the territory's constitution.


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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!