(Bloomberg) The new federal law that shields Puerto Rico from bondholder lawsuits will have its day in court next week. U.S. District Judge Francisco Besosa has scheduled a hearing on Sept. 22 in San Juan on whether investors should be temporarily blocked from suing over the Puerto Rico’s debt defaults, a protection Congress extended through legislation enacted in June. That federal law has given Puerto Rico time to resolve the crisis brought on by its $70 billion of debt.
Puerto Rico Rescue Law to Face First Court Test From Creditors
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