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Members of the Oversight Board (OB). (Archive/GFR)
Members of the Oversight Board (OB). (Archive/GFR)

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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