Unsecured Creditors Committee to host informative sessions for voting
September 23, 2021
The Unsecured Creditors Committee, one of the parties participating in the restructuring process of some $73 billion in government debt, announced it will be hosting several informative sessions for creditors who may have received voting ...
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Congress files bill to end conflicts of interest in PROMESA debt restructuring
February 24, 2021
Rep. Nydia M. Velázquez (D-NY) has introduced the “Puerto Rico Recovery Accuracy in Disclosures Act of 2021.” Known as PRRADA, the bill would extend current US law to require disclosures of conflicts of interest in ...
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OBoard reaches ‘agreement in principle’ on debt, drawing concerns
February 11, 2021
The Financial Oversight and Management Board for Puerto Rico announced that it reached an agreement in principle with several creditor groups to lower Puerto Rico’s debt to what it termed “sustainable levels” as a result ...
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