Puerto Rico

The board said that the Senate is withholding bank account information.

What had been about $17.6 billion in COFINA bond par value became about $12 billion in new COFINA bond value.

Angelica Valencia is considered integral to the firm's California and Puerto Rico practices.

Attorneys say the Oversight Board's move to nullify $6 billion of bonds would violate both federal Supreme Court rulings and local law.

The State of the Union speech fell short on infrastructure while the COFINA settlement in Puerto Rico shed a harsh light on revenue bonds.

An estimated $1.6 billion may flow to COFINA bond holders within weeks following Monday's approval of the muni market's biggest-ever plan of adjustment.

The restructuring is the biggest in U.S. municipal history.

Swain says that bondholder must first make the request to the U.S. Trustee.

Ruling may lead to the requirement to pay interest on the bonds despite the Employees Retirement System bankruptcy.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

Raúl Maldonado Gautier will gain direct control of all monetary issues in the commonwealth's government.

Teresita Fuentes has been in the position for six months.

Judge Susan Braden had said she was inclined to hold the U.S. government responsible for impairments to Employees Retirement System bonds.

One economist attributes the decline to the reduced flow of federal hurricane aid.

Judge Swain ordered the Oversight Board to file a brief on her legal authority to approve the restructuring plan and allowed an opposition party to file its objections.

The proposed new findings of fact exclude a mention of the new bonds being tax exempt.

Judge Laura Taylor Swain elicited little discussion of the substantive objections to the proposed settlement and plan of adjustment for $17.6 billion of bonds.

Puerto Rico’s per capita debt load is far lower than that of the mainland U.S. states.

The board said the 2012 and 2014 GOs were "issued in clear violation of the Puerto Rico constitution and should be declared null and void."

Rosana Aguilar is expected to focus on maintenance and repair of existing roads by the authority, which is in Title III bankruptcy with $4.1 billion of bond debt.