Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Puerto Rico bondholders file $3bn suit against US government

By Benjamin Clarke

21 July 2017

Puerto Rico bondholders file $3bn suit against US government Capitol building, San Juan, Puerto Rico iStock.com/OGphoto

A group of hedge funds holding bonds issued by Puerto Rico have filed a suit for "just compensation" against the US government, accusing the territory's federally appointed oversight board of taking their "constitutionally-protected property."