(United States First Circuit) - In a moment set of bankruptcy appeals involving the automatic stay provision of the Puerto Rico Oversight,Management, and Economic Stability Act (PROMESA), or 48 U.
S.
C. sections 2101-2241,which employs language very similar to that of the bankruptcy stay statute, the district court's decision that four claims included in the plaintiffs' moment Amended Complaint are not within the scope of PROMESA's temporary stay is reversed where it erred in this determination.
Source: findlaw.com