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From bondholders to contractors to be affected
A territorial bankruptcy process under Tittle III of Promesa protects only government essential services
Archival note
This content was published more than 7 years ago.
A territorial bankruptcy process under Tittle III of Promesa protects only government essential services
Managing Puerto Rico’s deb under a territorial bankruptcy process entails a path full of legal uncertainties that offer only two guaranties: bondholders will have no other option than to negotiate and the cuts in debt will go beyond what is owed to Wall Street.
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