Edition:
India

Luis Valentin Ortiz

New round of claims against vendors, bondholders on tap in Puerto Rico bankruptcy

17 May 2019

SAN JUAN Puerto Rico’s federally appointed oversight board will file another round of lawsuits against government vendors and bondholders, Luc Despins, a lawyer representing unsecured creditors in the U.S. commonwealth's bankruptcy, said on Thursday.

Puerto Rico oversight board to take local governments under its wing

10 May 2019

SAN JUAN Puerto Rico's financial oversight board on Thursday unexpectedly added the island's towns and cities to its mandate, a move that it said was aimed at trying to help them avoid insolvency.

UPDATE 1-Puerto Rico oversight board to take local governments under its wing

10 May 2019

SAN JUAN, May 9 Puerto Rico's financial oversight board on Thursday unexpectedly added the island's towns and cities to its mandate, a move that it said was aimed at trying to help them avoid insolvency.

Puerto Rico oversight board extends reach to island's municipalities

09 May 2019

SAN JUAN, May 9 Puerto Rico's federally created financial oversight board on Thursday took unexpected action, adding town and cities to its mandate, which up until now was focused on the island's central government and related entities.

Puerto Rico announces deal to restructure power authority debt

04 May 2019

SAN JUAN, May 3 Puerto Rico’s power utility struck a deal with a group of creditors that seeks to allow the bankrupt U.S. commonwealth to restructure more than $8 billion of bonds, according to an announcement by government authorities on Friday.

Puerto Rico board hits Wall Street banks, bondholders with lawsuits

03 May 2019

SAN JUAN Puerto Rico's federally created financial oversight board said on Thursday it sued some owners of potentially invalid bonds of the bankrupt U.S. commonwealth, as well as Wall Street banks and firms that participated in various debt issuances in an effort to recoup more than $1 billion.

Puerto Rico board files flurry of lawsuits ahead of claim deadline

01 May 2019

SAN JUAN Puerto Rico's federally created financial oversight board on Tuesday began filing the first round of scores of lawsuits seeking to recover money the bankrupt U.S. commonwealth paid to bondholders, businesses and others.

Puerto Rico board files flurry of lawsuits ahead of claim deadline

01 May 2019

SAN JUAN, April 30 Puerto Rico's federally created financial oversight board on Tuesday began filing the first round of scores of lawsuits seeking to recover money the bankrupt U.S. commonwealth paid to bondholders, businesses and others.

Puerto Rico oversight board loses bid to extend claims filing deadline

25 Apr 2019

SAN JUAN A U.S. judge on Wednesday denied a request by Puerto Rico's federally created financial oversight board to extend a looming deadline to file claims, the latest hurdle for its plan to recoup billions of dollars paid to bondholders of potentially invalid debt issued by the island's government.

Puerto Rico oversight board may seek money back from bondholders

04 Apr 2019

SAN JUAN, April 3 Puerto Rico’s federally created oversight board believes it can recover payments to bondholders possibly in the billions of dollars if certain debt sold by the bankrupt U.S. commonwealth is found to be invalid, according to a motion filed late on Tuesday in federal court.

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