August 24, 2018 / 12:15 AM / a month ago

Puerto Rico creditors say claims at risk in island bank's restructuring

Puerto Rico’s unsecured creditors on Wednesday called for a court order that would keep the door open for potential claims against a unit of the island’s government they blame for helping push the U.S. territory into its financial tailspin.

At issue for the official committee of unsecured creditors in Puerto Rico’s bankruptcy-like restructuring is how the island’s Government Development Bank is being wound down.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2NaA2ah

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