Today I am not going to talk about PROMESA or the Board. Today I want to address the terrible scourge of corruption in Puerto Rico. On Wednesday, July 11, 2019 the FBI arrested two former Puerto Rican officials and four private industry individuals for theft of federal funds. I am not going to go into […]

Welcome to your weekly Title III update for April 29, 2019. A busy week was dominated by the Omnibus hearing of Wednesday April 24. The Board started the hearing with a report on the timetable for the Fiscal Plan and for the Budget, all very conveniently moved in order to argue an extension of the […]

Welcome to your weekly Title III update for April 22, 2019. This has not only been a busy week but possibly a transcendent one. As reported last week, the Board wants to conduct discovery as to the identity of the GO bondholders and has served several banks with subpoenas. Magistrate Judge Dein sided with the […]