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The judges found the appellants had failed to seek stays or appeals of the approved bond restructuring — on about $17.6 billion of debt — in a timely fashion and the plan had advanced well beyond the point where it could be practically undone.
February 9
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The Puerto Rico Oversight Board has previously said there would be significant spending cuts in the the coming fiscal year.
February 3
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Sixteen investment funds are making an argument on Employees Retirement System bonds that could be widened to other Puerto Rico bonds.
February 2
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The board aims to improve transportation resources on the island.
February 1
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Bondholders complain about lack of resolution and payment, and hitting 'deal exhaustion,' but some stakeholders are hopeful for a resolution this year.
January 25
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The Economic Activity Index was down 0.4% from October.
January 19
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Ambac says that PROMESA is against the Constitution's call for uniform bankruptcy codes.
January 12
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Even with the November increase, General Fund Revenues collected from July to November were 5% below those of 2019.
January 8
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Three of seven board members will be from the original group.
January 6
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Some economists say the changes, such as a rise in minimum wage, would be a negative for the local economy.
January 6
