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GDB defends agreement in Court

The government rejects UCC request UCC to stop restructuring that debt

31 de agosto de 2018 - 8:46 AM

Archival note
This content was published more than 6 years ago.
The controversy over the restructuring of GDB debt arose while the Board created a special committee to initiate claims against third parties. (GFR Media)
The controversy over the restructuring of GDB debt arose while the Board created a special committee to initiate claims against third parties. (GFR Media)

The government defended before Judge Laura Taylor Swain the benefits of the Government Development Bank (GDB) voluntary restructuring agreement, arguing that the process does not affect the course of the cases under PROMESA Title III and that the parties that could oppose the transaction are actually in favor of it. 

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