How a Hedge Fund Could Derail Puerto Rico's Debt Negotiations
How a Hedge Fund Could Derail Puerto Rico's Debt Negotiations
By
Brendan O'Boyle
A New York-based hedge fund with a history in Latin America filed suit against the island's fiscal oversight board.
Puerto Rico’s $73 billion debt restructuring may soon come grinding to a halt as a judge weighs legal challenges to the entity Congress created to manage the island’s finances.
Although many Puerto Ricans have criticized the Fiscal Oversight and Management Board as undemocratic and lacking in transparency, the lawsuit isn’t coming from anyone on the island, but from a New York-...
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