2013-10-26businessinsider.com

Should Puerto Rico seek to restructure its debts, it would be entering uncharted legal terrain. Unlike a city it cannot declare bankruptcy. It does not enjoy the same sovereignty the constitution grants the states; should it try to renege on its debts, Congress might intervene. Years of litigation would follow.


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread