Puerto Rico has said the U.S. Supreme Court should consider an appeal seeking to revive legislation designed to allow the territory’s utilities to restructure $20 billion in debt, saying review is necessary even while legislation is pending in Congress because the crisis is "so acute."
The territory filed a reply brief on Nov. 9 responding to criticisms from the investment firms that successfully lobbied a district court and the First Circuit to invalidate Puerto Rico’s so-called Recovery Act, which would have established a restructuring regime for...
By Carmen Germaine
Puerto Rico Tells High Court Debt Appeal Still Urgent
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