NEW YORK, July 22, 2014 /PRNewswire-USNewswire/ -- BlueMountain Capital Management, LLC filed a lawsuit on Tuesday against the Government of Puerto Rico, challenging the legality of a new law that allows certain public corporations
to avoid their debts.
Von Schlagel may not be aware of it - he didn't refer to it in his letter - but the public corporation
horse has been around the Oregon track before.
The government is finally making moves to limit the bestowing of executive positions at public corporations
and independent administrative agencies on retired top bureaucrats.
and other banks had outstanding loans of 125 billion yen to the public corporation
as of March 31.
Because their history runs counter to the current assumption that family-owned businesses are likely to be less efficient, less forward-thinking, and less profitable than public corporations
Essentially, Revenue wants to determine whether the characterization of the public corporation
shares as taxable Canadian property was correct.
We have repeatedly stated that our intention is to make public corporations
Koizumi told a press conference that support for plans to privatize public corporations
dealing with postal services and highway construction will be a main issue in the party poll, stressing that revival of the Japanese economy is the most important task he must deal with.
Q - Why do the bills simultaneously seek to set up a public corporation
to handle postal services and allow private firms to enter the same field?
Chafey, and Treasury Secretary, Melba Acosta Febo, announced today the filing before the Legislature of a bill entitled: The Puerto Rico Public Corporations
Debt Enforcement and Recovery Act ("the Recovery Act") whose main purpose is to provide a clear legislative framework for certain public corporations
that are experiencing severe financial stress to overcome their financial obstacles through an orderly, statutory process that allows them to handle their debts fairly and equitably, while ensuring the continuity of essential services to citizens and infrastructure upgrades.
Including five projects for which producers are asked for self-verification of inspection criteria in line with the responsibility system, the plan will allow private firms to take part in 60% of the projects currently conducted by public corporations
, the government said.
The Acquiror is the beneficial owner of 500 shares of common stock of the Public Corporation
, par value $0.