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.
The Puerto Rico Builders Association called upon the three branches of government and the Financial Oversight and Management Board for Puerto Rico to reach agreements to make the island return to the path of economic and fiscal recovery.
While Puerto Rico needs to jumpstart its job market and create new sources of employment, the Financial Oversight and Management Board for Puerto Rico’s proposal to align the island’s labor landscape with that of the U.S. mainland “misses critical points of the [island’s] very particular economy.”