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The bondholders who demanded everything

The late filing of Promesa’s Title III opened the door for the most contentious investors to challenge Puerto Rico in the New York courts

5 de mayo de 2017 - 12:00 AM

Archival note
This content was published more than 7 years ago.
The group of firms that has sued the island, and which owns barely 12% of the commonwealth’s constitutional debt, is headed by Aurelius Investments.
The group of firms that has sued the island, and which owns barely 12% of the commonwealth’s constitutional debt, is headed by Aurelius Investments. (Miguel Bayón)

The lag in negotiations led by the Puerto Rico government and the Fiscal Oversight Board (FOB), as well as delays by the administration of Gov. Ricardo Rosselló Nevares to invoke Title III under PROMESA, earned the commonwealth five lawsuits in just under 36 hours.

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