Restructuring and Insolvency in Puerto Rico: Overview by Sonia Colón & Camille Somoza, Esq.
Thompson Reuter Practical Law legal solutions presents the 15th Edition publication of the Restructuring and Insolvency law guide in Puerto Rico with the collaboration of Sonia Colón & Camille Somoza, Esq.
The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors’ and shareholders’ ranking on a company’s insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders’ roles; liability for an insolvent company’s debts; setting aside an insolvent company’s pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.
This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. To see the Guide free of charge published online you can visit PLC – Restructuring & Insolvency in PR.
