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We are part of The Trust Project
The Board invalidates the agreement
The Board would not have reached consensus on the voluntary pact, but it was interested in continuing to negotiate
Archival note
This content was published more than 7 years ago.
7 de mayo de 2024
77°lluvia ligera
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Three years of negotiations, as well as millions of dollars in lawyers, financial advisors, and operational reorganization experts, seemed to have been thrown away yesterday, after two municipal insurers petitioned US District Judge Laura Taylor Swain to order the Board to comply with the PROMESA federal law regarding the renegotiation of the debt of the Puerto Rico Electric Power Authority (Restructuring Support Agreement, RSA, in English).
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