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Bondholders Draw the Line at Mediation
They tell the Oversight Board to start voluntary negotiations next week
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This content was published more than 7 years ago.
They tell the Oversight Board to start voluntary negotiations next week
Last night, with only 30 days left until the end of the automatic stay on litigations provided by PROMESA, the primary bondholders and municipal bond insurers drew the line for the Oversight Board (OB), stating that they are not willing to participate in a mediation process that lacks the basic elements needed to proceed.
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