Newsletter

Two years ago, in September of 2017, Hurricane María caused extensive damage throughout Puerto Rico. Hurricane María, a Category 4 hurricane, with 140 MPH winds and major flooding was the...

Puerto Rico Oversight Management and Economic Stability Act’s (”PROMESA”) U.S. District Court Judge Laura Taylor Swain rejected arguments made by the Government of Puerto Rico that the lawsuit cites faulty...

On July 2, 2019, the Federal Emergency Management Agency (“FEMA”) announced that it has awarded approximately $12.6 million in additional funds to the territory of Puerto Rico to cover costs...

On June 3, 2019, Congress finally passed a $19.1 billion disaster recovery aid package, the Supplemental Appropriations for Disaster Relief Act, which includes $1.4 billion for the U.S. territory of...

The Federal Oversight Management Board (“FOMB”) announced an average pension benefit reduction of 10% for the next fiscal year that starts in July, that could represent up to a 25%...

A showdown between President Donald Trump and Democratic members of Congress about the disaster recovery aid received by Puerto Rico for Hurricane María was fueled by comments made by the...

Rep. Raúl Grijalva of Arizona, the new chair of the House Natural Resources Commi=ee, which oversees affairs in U.S. territories, led a delegaCon of members of the commi=ee to a...

The U.S. Court of Appeals for the First Circuit in Boston ruled on February 15, 2019, that members of the Fiscal Oversight Management Board (“FOMB”) in Puerto Rico, the federally...

The Government of Puerto Rico, who in December of last year submitted and amendment to the Action Plan of the Community Development Block Grant (“CDBG”) funds approved by Congress almost...

It has been a year since Hurricane María hit Puerto Rico, on September 20, 2017. Hurricane María was the third costliest storm in U.S. history, damaging more than 300,000 homes,...

On August 20, 2018, a special investigation committee of the Financial Oversight Board released the Puerto Rico Debt Investigation Report, which was prepared by an independent investigator, the law firm...

Even before Hurricane María hit Puerto Rico on September of last year, Puerto Rico has seen the greatest migration ever to the mainland United States, in part because of the...

On June 20, 2018, Governor Ricardo Rosselló signed into law a bill that clears the way for the partial privatization of the Puerto Rico Electric Power Authority (“PREPA”). The bill...