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Debt Restructuring News

Debt Restructuring


The Puerto Rico Electric Power Authority (PREPA) was the first, and so far the only, government agency in Puerto Rico to negotiate a debt...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
On May 3, 2017, in an unprecedented move, the Fiscal Oversight Board requested for bankruptcy-like protection under Title III of the PROMESA Act. The...
After the May 1st deadline, Puerto Rico is facing a historical moment. A lot has been said about the events that were going to unfold after the end...
FAFAA believes they could reach a better agreement, and that they will negotiate with the other bondholders, with or without mediation
A company asks to lift the moratorium to charge the Department of Labor $ 300,000 in rent
The Puerto Rican government has requested federal protection from creditors for two pension systems covering public employees, opting to further ...
Santiago Domenech, a general contractor with $2 million of his savings tied up in bonds Puerto Rico just defaulted on, once had 450 employees.
With the automatic freeze on litigations provided by PROMESA ending, various bondholder groups will seek to protect their interests by filing suits...
The revision of the RSA raises from five to eight years the moratorium on the payment of the principal
American Federation of State, County & Municipal Employees (AFSCME), AFL-CIO filed with the U.S. Bankruptcy Court an adversary complaint ...
The recent election of a new governor in Puerto Rico, and the formation of a powerful federal financial control board this summer, have resulted in...
They evaluate candidates for the three committees that will participate in the renegotiation of debt under PROMESA