Supreme Court Appears Receptive to Puerto Rico's Argument

Bloomberg

Supreme Court Appears Receptive to Puerto Rico's Argument

By Diane Davis

The U.S. Supreme Court March 22 considered what Congress meant when it revised the Bankruptcy Code so that Puerto Rico could no longer authorize its municipalities to file bankruptcy under Chapter 9. […]

If the Supreme Court rules in favor of Puerto Rico, “we'll have some additional tools to address some of the debt in an orderly way,” Eric LeCompte, a United Nations sovereign debt expert and Executive Director of the religious development group Jubilee USA,” said in a statement March 22.

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