Law professors help Puerto Rico address debt, aim to alleviate financial pressures

Two UCLA law professors helped broker a deal that will bring financial relief to Puerto Rico.

Law professors Kenneth Klee and Daniel Bussel have been working on restructuring Puerto Rico’s debt since 2017 and finalized the deal in February. Puerto Rico had accumulated $72 billion in aggregate debt as of 2016, Bussel said.

Klee said Puerto Rico’s poor economic condition is a product of the island’s history as a territory of the United States.

During the 1960s and 1970s, various...

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