Etiqueta: Finanzas y Valores

UPR-RP

Spotlight on Puerto Rico – UPR in turmoil as Interim President, Board members resign

By Jennice Fuentes /Fuentes Strategies The University of Puerto Rico—already struggling through student protests of mandated Federal Oversight Board (FOB) budget cuts— made headlines again with the resignation of the University’s Interim President, Nivia A. Fernández. Fernández had refused to comply with a court order to reopen the gates at the UPR Río Piedras Campus, ...

Banco Gubernamental de Fomento para Puerto Rico

Spotlight on Puerto Rico – GDB reaches tentative deal with creditors

By Jennice Fuentes /Fuentes Strategies The Government Development Bank (GDB) has reached a tentative restructuring agreement with at least 45% of its creditors. The deal, negotiated by the Financial Advisory and Fiscal Agency Administration (AAFAF in Spanish) is expected to be finalized by September. The agreement allows GDB bondholders to exchange their current bonds and ...

The Intelligent Investor Newsletter – May 10, 2017

A bi-weekly publication from Consultiva Internacional, Inc. (Registered Investment Adviser) Whether you agree with her or not, it’s fair to say that Federal Reserve Chair Janet Yellen has based U.S. monetary policy decisions and efforts on economic metrics and fundamentals, keenly mitigating any perception of gender-based biases. However, as the keynote speaker at Brown University’s ...

Junta de Supervisión certifica radicación bajo Título III para COFINA

Junta de Supervisión certifica radicación bajo Título III para COFINA

La Junta de Supervisión y Administración Financiera para Puerto Rico (la “Junta de Supervisión”) creada por el Congreso bajo la ley bipartita Puerto Rico Oversight, Management and Economic Stability Act (“PROMESA” o la “Ley”) anunció ayer que aprobó y certificó la radicación en el Tribunal de Distrito de Estados Unidos para el Distrito de Puerto ...

Detalla el Tribunal Supremo requisitos para comparecer como amigo de la corte

Spotlight on Puerto Rico – PROMESA Stay Expires: What’s Next?

By Jennice Fuentes / Fuentes Strategies The PROMESA automatic stay on bondholder debt collection litigation expired at midnight last Monday night and there is still no word on whether or when Governor Ricardo Rosselló Nevares would petition the Fiscal Oversight Board (FOB) to enter into Title III restructuring. Title III is a court supervised bankruptcy-like ...

UBS

UBS sale impune de caso por bonos de AEELA

Descarga el documento: UBS Financial Services, Inc. et al v. Asociacion de Empleados del Estado Libre Asociado de Puerto Rico En el 2013, la Asociación de Empleados del ELA (AEELA) demandó a UBS Financial Services (UBS), y afiliadas de Puerto Rico a raíz de la caída del mercado de bonos de Puerto Rico. En la reclamación, ...

Junta de Control Fiscal

Washington Watch Special: Puerto Rico Fiscal Update

By Jennice Fuentes / Fuentes Strategies Fiscal Oversight Board approves fiscal plans for public corporations This morning the Fiscal Oversight Board (FOB) held its seventh public meeting to approve, and in some cases amend, fiscal plans for critical public corporations. Specifically, the Board approved fiscal plans for the Aqueduct and Sewer Authority (PRASA), the Government ...

Spotlight on Puerto Rico: House Democrats to hold Forum on Puerto Rico

Spotlight on Puerto Rico: House Democrats to hold Forum on Puerto Rico

By Jennice Fuentes / Fuentes Strategies Democrats on the House Natural Resources Committee will hold a Congressional Forum on Puerto Rico on Tuesday, May 2, 2017 from 2:00 p.m. to 3:00 p.m. in the U.S. Capitol. The stated purpose of the forum is to pressure the Financial Oversight Board (FOB) to authorize Title III debt ...

Capitolio de Puerto Rico

Legislatura tendrá que permitir acceso a personas: Se celebra vista de interdicto preliminar

La juez Lauracelis Roqués Arroyo del Tribunal de Primera Instancia, Sala de San Juan, dio paso al entredicho provisional presentado por el presidente de la Comisión de Auditoría Integral del Crédito Público, luego de que no se le permitiera a este y otros ciudadanos entrar al capitolio a cabildear contra la ley que eliminaría la ...