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prima:The “fine print” of the Plan of Adjustment

The document contains a long list of legal conditions concerning the Board, bondholders, and judges’ and teachers’ pensions

August 27, 2021 - 2:50 PM

Archival note
This content was published more than 3 years ago.
La Junta de Supervisión Fiscal debe presentar a la jueza Laura Taylor Swain un nuevo reporte acerca de la renegociación de la deuda el próximo 15 de julio.
Members of the Oversight Board. (GFR Media)

Provisions in the central government´s Plan of Adjustment (POA) include releasing members of the Fiscal Oversight Board, government officials, bondholders, creditor committees, and others who have participated in the negotiations from all liability; ending over twenty lawsuits including those that sought to invalidate part of the public debt; and paying fees to attorneys, advisors, and consultants without the Title III court having to review or approve them.

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