Issues

COFINA and the “Good Enough” Restructuring Doctrine

On February 4, Judge Laura Taylor Swain issued (1) A Memorandum Opinion and Order Approving Settlement Between Commonwealth of Puerto Rico and Puerto Rico Sales Tax Financing Corporation (the “Commonwealth – COFINA Settlement”) and (2) A Memorandum of Findings of Fact and Conclusions of Law in Connection with Confirmation of the Third Amended Title III Plan of Adjustment of Puerto Rico Sales Tax Financing Corporation (the “POA Confirmation Order”).

Desembarco

Las costas de Puerto Rico han sido por siglos, testigo silente del desembarco de multitudes en busca de tesoro y riqueza.  No por nada se nos denominó Puerto Rico.

Put Puerto Rico First

During the past few months a narrative has taken hold, on both sides of the political spectrum, that Puerto Rico is “using federal disaster relief funds to pay bondholders”. This narrative is wrong and dangerously simplistic.

180 dĂ­as

El 20 de junio de 2018 se aprobó la Ley 120 para “Transformar el Sistema Eléctrico de Puerto Rico” y “para autorizar el marco legal requerido para la venta, disposición y/o transferencia de activos, operaciones, funciones y servicios de la Autoridad de Energía Eléctrica (la “AEE”)”, y para otros fines relacionados.

Puerto Rico’s Unfinished Business After Hurricane MarĂ­a

It has been a little over a year since Hurricane María fractured Puerto Rico’s infrastructure and its demographic and economic landscape. Currently, all the critical infrastructure—electricity, water, telecommunications, schools, and hospitals—is functional.

Notes for a Planning and Public Policy Framework for Housing in Puerto Rico

Notes for a Planning and Public Policy Framework for Housing in Puerto Rico Published on October 12, 2018 RaĂşl Santiago-Bartolomei Associate Researcher DOWNLOAD Policy Brief SHARE Puerto Rico has now fully entered the stage of reconstruction after hurricanes Irma and Maria. Nearly $30 billion in federal funds have been designated for post-disaster work,1 of which Read More

Transforming the Recovery into Locally-led Growth: Federal Contracting in the Post-Disaster Period

In the wake of the devastation resulting from hurricane María, the United States Federal Government mobilized numerous emergency relief efforts in Puerto Rico. Traditionally, Federal disaster response has been thought of as the “silver lining” that stems from a catastrophic event, given the millions of US Government dollars that are pumped into the local economy.