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Puerto Rico in Distress

Most Recent Bankruptcy Case Docket Information for Commonwealth of Puerto Rico (17-03283)

Objection to Motion for an Order to Permit the Processing through Resolution of Employment Arbitration and Grievance Proceedings Related document:2245 MOTION Request for Order Permiting Resolution of Employee Arbitration and Grievances Proceedings filed by AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES (AFSCME), American Federation of Teachers as Agent of Asociacion de Maestros de Puerto Rico Local Sindical filed by PETER FRIEDMAN on behalf of PUERTO RICO FISCAL AGENCY AND FINANCIAL ADVISORY AUTHORITY [FRIEDMAN, PETER] (Entered: 02/23/2018)

Attachments:

Certificate of service Related document:2559 Urgent motion Seeking Extension of Deadlines to (I) Respond to Debtors Third 365(d)(4) Extension Motion, and (II) Reply in Support of Debtors Third 365(d)(4) Extension Motion. Re: 2494 Notice of Motion filed by HERMANN D BAUER ALVAREZ on behalf of CO filed by COMMONWEALTH OF PUERTO RICO, PUERTO RICO ELECTRIC POWER AUTHORITY, PUERTO RICO SALES TAX FINANCING CORPORATION (COFINA), THE EMPLOYEES RETIREMENT SYSTEM OF THE GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO, PUERTO RICO HIGHWAYS AND TRANSPORTATION AUTHORITY, 2561 MOTION Second Omnibus Motion for Approvals of Stipulation Modifying the Automatic Stay filed by COMMONWEALTH OF PUERTO RICO filed by Adam M. Adler on behalf of Prime Clerk, LLC

Attachments:

ORDER Granting 2566 Motion to allow Rex Lee to appear pro hac vice Receipt No. PRX100054134 filed by Aristea Horizons, L.P., Decagon Holdings 1, L.L.C., Decagon Holdings 2, L.L.C., Decagon Holdings 3, L.L.C., Decagon Holdings 4, L.L.C., Decagon Holdings 5, L.L.C., Decagon Holdings 6, L.L.C., Decagon Holdings 7, L.L.C., Decagon Holdings 8, L.L.C., Decagon Holdings 9, L.L.C., Decagon Holdings 10, L.L.C., Taconic Master Fund 1.5 L.P., Taconic Opportunity Master Fund L.P., Canyon Capital Advisors LLC, River Canyon Fund Management LLC, Fideicomiso Plaza, GoldenTree Asset Management LP, Old Bellows Partners LP, Tilden Park Capital Management LP, Scoggin Management LP, Whitebox Advisors LLC. Signed by Judge Laura Taylor Swain on 2/23/2018.(Ramirez, Marian) (Entered: 02/23/2018)

Attachments:

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Fluor Corp.’s work repairing hurricane damage to Puerto Rico’s still-hobbled electrical grid is winding down as its federal funding runs out, the U.S. Army Corps of Engineers said yesterday, WSJ Pro Bankruptcy reported. The Army Corps had tapped Fluor to repair electric lines damaged in Hurricane Maria under an $840 million contract.

A U.S. regulator yesterday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico’s Doral Bank, Reuters reported.

A federal judge approved an emergency $300 million loan that will keep Puerto Rico’s troubled electric utility in operation, averting a threat of more power outages at a time when the island is trying to recover from last summer’s devastating hurricanes, the Wall Street Journal reported. Judge Laura Taylor Swain of U.S.

Puerto Rico’s power company will begin shutting down as soon as Friday if it doesn’t receive a $1 billion loan from the territory’s central government, threatening to cause widespread electricity outages across the hurricane-devastated island, a lawyer for Puerto Rico told a U.S. judge, Bloomberg News reported.

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The Financial Oversight and Management Board for Puerto Rico was created under the Puerto Rico Oversight, Management and Economic Stability Act of 2016. The Board consists of seven members appointed by the President of the United States and one ex officio member designated by the Governor of Puerto Rico. Access information on the Board, documents, videos of meetings, calendar of events and live webcasts by clicking here.