Edition:
United Kingdom

Luis Valentin Ortiz

Road map for Puerto Rico's exit from bankruptcy filed in U.S. court

28 Sep 2019

SAN JUAN Puerto Rico would reduce a major portion of its debt by more than 60% under a long-awaited restructuring proposal the bankrupt U.S. commonwealth's federally created financial oversight board filed in court on Friday.

Major plan for Puerto Rico debt coming this month: attorney

12 Sep 2019

SAN JUAN A long-awaited plan to restructure Puerto Rico's core government debt will finally be filed in court later this month, an attorney for the bankrupt U.S. commonwealth's federally created financial oversight board told a federal judge on Wednesday.

Puerto Rico gets another governor after supreme court clears the way

07 Aug 2019

SAN JUAN Puerto Rico got its third governor in less than a week on Wednesday just hours after the bankrupt U.S. territory's supreme court ruled that Pedro Pierluisi's assumption of the office was unconstitutional and ordered him to leave. | Video

Top Puerto Rico officials resign in group chat scandal that ensnares governor

14 Jul 2019

(This July 13 story has been corrected to fix typo in final paragraph.)

Former Puerto Rico government officials arrested in corruption probe

11 Jul 2019

SAN JUAN, Puerto Rico Two former high-ranking Puerto Rico government officials were among six people arrested and charged with conspiracy and other crimes in connection with millions of dollars in federal education and Medicaid funds, U.S. law enforcement officials said on Wednesday.

Former Puerto Rico government officials arrested in corruption probe

11 Jul 2019

SAN JUAN, Puerto Rico, July 10 Two former high-ranking Puerto Rico government officials were among six people arrested and charged with conspiracy and other crimes in connection with millions of dollars in federal education and Medicaid funds, U.S. law enforcement officials said on Wednesday.

Puerto Rico oversight board sues governor over pension law

04 Jul 2019

SAN JUAN Puerto Rico's federally created financial oversight board sued the bankrupt U.S. commonwealth's governor and fiscal agency on Wednesday over a new law that transfers municipal pension and health insurance costs to the government.

Bankrupt Puerto Rico hit with new spending curbs by oversight board

02 Jul 2019

SAN JUAN Puerto Rico’s federally created fiscal oversight board on Monday imposed a fiscal 2020 budget on the bankrupt U.S. commonwealth that for the first time limits spending choices by its government, according to the board's executive director.

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.

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