JOURNAL ARTICLE

The Supreme Court Speaks: PROMESA Board Has Sovereign Immunity in Response to Puerto Rican Media Organization.

  • Published In: Business Law Today, 2023. P. 4 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Jinxin Sun 3 of 3

Abstract

The immunity provision that PROMESA borrows from the Bankruptcy Code for Title III cases states that sovereign immunity is abrogated for a governmental unit, including a territory. In its decision, the Supreme Court reversed the lower courts' findings that PROMESA Section 2126(a) abrogated the Board's sovereign immunity and that CPI could sue the Board. On May 11, 2023, the U.S. Supreme Court announced its decision in Financial Oversight and Management Board for Puerto Rico v. Centro de Periodismo Investigativo. [Extracted from the article]

Additional Information

  • Source:Business Law Today. 2023/06, p4
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2023
  • ISSN:1059-9436
  • Accession Number:169718736
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