Op-Ed: The far-reaching effects if P.R. snubs precedent and the rule of law
June 28, 2019
The current Financial Oversight and Management Board for Puerto Rico is attempting to invalidate more than $6 billion of general obligation bonds and to initiate clawbacks of principal and interest payments to bondholders. It claims that the bonds were issued in excess of a Puerto Rico constitutional debt limit, notwithstanding the Commonwealth’s specific representations to […]
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P.R. creditor blasts Oversight Board’s ‘unrealistic Fiscal Plan’
October 12, 2018
This in turn will fall short of leading Puerto Rico “toward a more sustainable economic future,” the company stated.
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Assured Guaranty sues over constitutionality of OBoard members
July 24, 2018
Two bond insurance subsidiaries of Assured Guaranty Ltd. have filed an adversary complaint challenging the constitutionality of appointments to the Financial Oversight and Management Board for Puerto Rico.
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