Does it really take 61 pages to answer such a simple question? The legal question in the recent Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC was not explicitly over the constitutional status of Puerto Rico, of course. The question was over the constitutionality of the PROMESA Board, a body established…
Tag: PROMESA Board
What is Puerto Rico?
On Tuesday, a protest march in Puerto Rico’s financial district turned violent. The island appears to be in chaos and record numbers of residents are moving to the United States. The island’s financial health is dire, yet Puerto Rico is unable to declare bankruptcy under applicable federal laws. In response, the federally appointed PROMESA…
