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Title III rules of the game were approved

Taylor Swain gives way to "first day" orders

18 de mayo de 2017 - 12:11 PM

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This content was published more than 7 years ago.
Yesterday, as El Nuevo Día reported, Taylor Swain approved three of the six OB motions (known in the Bankruptcy Code as "first-day orders") as there was no opposition to them.
Yesterday, as El Nuevo Día reported, Taylor Swain approved three of the six OB motions (known in the Bankruptcy Code as "first-day orders") as there was no opposition to them. (gerald.lopez@gfrmedia.com)

Federal District Court Judge Laura Taylor Swain yesterday set the rules that will govern the largest public debt adjustment in US history, while emphasizing that invoking Title III of the federal PROMESA law will mean "pain" and "disappointment" for all parties, but the process must result in "a future route" for Puerto Rico.

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