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No Moratorium for Puerto Rico
Federal Judge Besosa overturns the automatic ban on litigation under PROMESA
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This content was published more than 8 years ago.
Federal Judge Besosa overturns the automatic ban on litigation under PROMESA
Yesterday, the government of Puerto Rico suffered its first judicial setback since the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) came into effect. Federal Judge Francisco Besosa dismissed a motion from the State that sought to sustain the automatic ban on litigation provided under the federal statute.
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