US appeals court grants creditors “unconditional right” to intervene in Puerto Rico plan suit

US appeals court grants creditors “unconditional right” to intervene in Puerto Rico plan suit

The First Circuit Court of Appeals has reversed a district court ruling that barred Puerto Rico’s official unsecured creditors committee (UCC) from taking part in a suit brought by a group of insurers against the commonwealth’s fiscal plan, finding the committee had an “unconditional right to intervene” in the case.

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