This content is from: Premium
Aurelius’s Puerto Rico Bankruptcy Battle Takes an Unexpected Turn
Is Puerto Rico’s general obligation debt unconstitutional? Promesa’s board argues that it is.

In August of 2017, Mark Brodsky’s Aurelius Capital filed a constitutional challenge to the board overseeing Puerto Rico’s bankruptcy. This week, that board returned the favor — in a fashion. In a surprise development, the oversight board created by the Puerto Rico Oversight, Management, and Economic Stability Act — known as
To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.