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To confirm the PREPA-POA, Swain would hold another hearing – scheduled for next July – to determine whether the PREPA-POA is, in fact, reasonable and should be implemented. (David Villafa?e Ramos)
U.S. District Judge Laura Taylor Swain ordered yesterday the parties involved in the Puerto Rico Electric Power Authority?s (PREPA) debt restructuring process to be ready to discuss whether the proposed Plan of Adjustment (PREPA-POA) is “patently unconfirmable”, as the US Bank National Association alleged in its capacity as PREPA Bond Trustee.
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