Puerto Rico Lawsuits Live On After Promesa: A Look at the CasesBy
Island faces two new suits after passage of federal law
Creditors seek to stop revenue diversions and moratorium law
While Puerto Rico is on a path to a historic debt restructuring, the commonwealth still faces legal challenges. Hedge funds and insurance companies are seeking to stop the island from redirecting revenue and imposing a moratorium on debt payments, with two suits emerging even after the passage of the Promesa bill.
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