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.

CNE’s End of Year Message

This year at CNE, our highly motivated and capable team has grown and continues to work arduously to help Puerto Rico recover. With the support of people like you, we find ourselves immersed in some important projects and initiatives.

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