Wednesday, December 1-7, 2021 - // no. 136
Puerto Rico and the Caribbean
www.theweeklyjournal.com
Black Friday: Good but not extraordinary P7 Fewer products, fewer discounts on Cyber Monday P9 The benefits of a New Year’s Rockin’ Eve P12
Federal Court expected to approve Plan of Adjustment, but no one will come out unscathed The outcome of the proceedings might be surprising for the government, and some creditors
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Juan A. Hernández, The Weekly Journal
The social distancing Santa experience P15
jhernandez@wjournalpr.com
ttorneys, creditors and economists close to court proceedings on Puerto Rico’s Plan of Adjustment (POA) about its public debt anticipated federal Judge Laura Taylor Swain’s decision on the matter will be to approve the plan, with very little changes, if any. “Some way or another, the plan will be approved,” said Francisco Rodríguez, president and CEO of Birling Capital Advisors. “I think the outcome might be surprising for the
government, and some creditors. But in the end, I’m convinced all the actors want to see the end of this drama,” he added. For Rodríguez, POA’s future seems to be already “written on the wall.” Attorney John Mudd coincided in terms of the outcome of the case and the “possible surprises” to some creditors. “There is a 98 percent chance judge Swain will approve the plan… though the decision may not come until next February or March,” Mudd said, referring to the court imposed deadline for the GO TO PAGE 4
