Puerto Rico Recovery: Transparency in Professional Compensation
New rules increase transparency in public spending in Puerto Rico. Professionals hired for financial restructuring must disclose their connections and compensation, aiming to protect the interests of residents and creditors. Citizens can be assured that expenditures are controlled and individuals with conflicts of interest will not receive payments.
Key points
Increased Transparency: Lawyers, accountants, and other professionals working on Puerto Rico's restructuring must disclose their connections and compensation.
Expense Control: The court and a special trustee will review this information to prevent conflicts of interest and unjustified payments.
Protecting Interests: The goal is to ensure that money is spent fairly and beneficially for the people of Puerto Rico and their creditors.
Status:
Expired
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