Puerto Rico Clearinghouse provides timely, independent information to investors regarding legal actions and decisions concerning the debt of the Commonwealth.
The Clearinghouse provides clients with email summaries and analysis of all actions in state and federal courts and access to a platform with continuously updated case notes. Clients may request special project work or monitoring.
On June 28, 2014, the Commonwealth of Puerto Rico adopted the Puerto Rico Corporations Debt Enforcement & Recovery Act, Act 71-2014 (the “Debt Enforcement Act”), enabling certain Commonwealth public corporations in financial distress to restructure their debt obligations. The Debt Enforcement Act establishes a debt enforcement, recovery and restructuring regime for public corporations and other instrumentalities of the Commonwealth.
It is anticipated that there will be multiple challenges to the law and investors will benefit from a guide to the various creditor actions and government responses.
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