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Creditors allege Puerto Rico’s restructuring plan “violates” PROMESA

By Benjamin Clarke

30 March 2017

Creditors allege Puerto Rico’s restructuring plan “violates” PROMESA San Juan, Puerto Rico iStock.com/mikolajn

Three groups of Puerto Rico’s major creditors are alleging that a fiscal plan certified by the federally appointed board overseeing the territory’s restructuring violates its financial rescue law and constitution.