By 2016, Puerto Rico’s government was in dire financial straits. To avoid bankruptcy, Congress enacted the Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA”), creating a board responsible for restructuring the island territory’s substantial ...
A number of civic and professional organizations that met during the 10th Annual Puerto Rican Summit held in Orlando, Florida May 17th, 2019 agreed to endorse U.S. House of Representatives Resolution 683, the Puerto Rico ...
During the past few months a narrative has taken hold, on both sides of the political spectrum, that Puerto Rico is “using federal disaster relief funds to pay bondholders.”