Puerto Rico Agency Wants To Minimize Restructuring Delays

Law360, New York (September 25, 2017, 7:29 PM EDT) -- Puerto Rico’s fiscal advisory agency is hoping to prevent significant setbacks for the island’s bankruptcy-like restructuring cases in light of the devastation caused by Hurricane Maria, saying in court papers Monday that any matters able to be decided on legal issues alone “should proceed without delay.”

The Puerto Rico Fiscal Agency and Financial Advisory Authority, a government-owned public corporation with a considerable presence in the territory’s historic restructuring, said that in spite of the dire circumstances in Puerto Rico after being pummeled by a Category 5...
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