July 22, 2016

Vulture Funds Attack Puerto Rico Despite Bailout 'Rescue'

It remains unclear how courts will rule on lawsuit filed by top bondholders following passage of PROMESA bailout.

Despite Congressional approval of the controversial PROMESA bill to “rescue” Puerto Rico from its US$73 billion debt crisis, top bondholders Wednesday filed a lawsuit against the island to repay its debts in full. Read more.


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