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"Surprising" Federal Move

Experts say it will take five or six months for the Oversight Board to get organized

23 de septiembre de 2016 - 10:44 AM

Archival note
This content was published more than 8 years ago.
Almost 30 attorneys tried to convince federal Judge Francisco A. Besosa that the automatic stay on litigations decreed in PROMESA is either a protection or a disaster for their respective clients.
Almost 30 attorneys tried to convince federal Judge Francisco A. Besosa that the automatic stay on litigations decreed in PROMESA is either a protection or a disaster for their respective clients. (xavier.araujo@gfrmedia.com)

Although the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) was approved in a hurry by the Congress of the United States to deal with the fiscal crisis, months will pass before any concrete actions can be taken to mend public finances and restructure the Island's debt.

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