PROMESA

GoldenTree Asset Management noted the judge in Sept. 29, 2022, had demanded "meaningful deadlines" in the bankruptcy.

Bondholders retain the right to argue on appeal that they perfected their liens on revenues and funds.

Following another court ruling on a 2022 labor law the Oversight Board rejected, Puerto Rico professors doubt the local government will operate more responsibly any time soon.

Plan of adjustment deadline schedule gets extended to Aug. 18.

The restructuring would make bondholders whole, but the bonds' maturities are being pushed out by 25 to 35 years.

Judge Swain approves another deadline extension for a proposed plan of adjustment.

The board and the PREPA bond parties told Swain they had reached "an agreement in principle to resolve the outstanding perfection issues" in the bankruptcy.

The fiscal 2024 General Fund increases 2.5%

U.S. District Judge Laura Taylor Swain ordered the Oversight Board propose a new plan of adjustment by July 14.

Judge Laura Taylor Swain said she found the Oversight Board expert's calculations more convincing than those of the bondholders.