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Difficult Setback for the Island
Besosa opens the door to decide on the legality of the Moratorium Act and COFINA
Archival note
This content was published more than 7 years ago.
Besosa opens the door to decide on the legality of the Moratorium Act and COFINA
Two days after the expiration of the initial stay on litigations against Puerto Rico provided in PROMESA, federal Judge Francisco A. Besosa decided to hear the claims from several bondholder groups who have asked for the repeal of the Emergency Moratorium Act and demand that the Government desist from granting special treatment to certain bondholders over others.
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