News & Analysis as of

U.S. Territories Puerto Rico

Akin Gump Strauss Hauer & Feld LLP

US Insular Areas Included in the American Rescue Plan

Although the American Rescue Plan has received widespread attention for its historic size and extensive scope, one notable aspect of the new law that has generally escaped notice is its unprecedented resources dedicated to...more

Patterson Belknap Webb & Tyler LLP

Commonwealth Finds Common Ground: Deal with Bondholders May Be a Turning Point as Puerto Rico Seeks to Emerge in Early 2020

The Financial Oversight and Management Board for Puerto Rico (Oversight Board) announced Sunday that it had reached an agreement with bondholders regarding the terms of a plan of adjustment that would resolve $35 billion...more

Sullivan & Worcester

Congress Poised to Extend Investment Company Act to U.S. Territories

Sullivan & Worcester on

Congress is poised to eliminate the exemption in the Investment Company Act of 1940 (the 1940 Act) for investment companies located in Puerto Rico, the Virgin Islands, and other U.S. possessions. The 1940 Act governs...more

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