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Puerto Rico Adopts New Regulation to Administer Unemployment Insurance
  • Littler Mendelson PC
  • Puerto Rico
  • November 28 2018

On November 8, 2018, the Secretary of the Puerto Rico Department of Labor and Human Resources published a new regulation governing the administration

Puerto Rico Revises Form for Reporting Payments to Terminated Employees, Considers Credit History Ban
  • Jackson Lewis PC
  • Puerto Rico
  • November 12 2018

The Puerto Rico Department of the Treasury has announced changes to tax reporting for certain severance payments. As a result of the Labor

Puerto Rico: Commonwealth-COFINA Dispute Nearing Possible Resolution
  • Patterson Belknap Webb & Tyler LLP
  • Puerto Rico
  • November 9 2018

As we reported last year, on August 10, 2017, Judge Swain entered an order establishing procedures to govern resolution of the Commonwealth-COFINA

Littler Global Guide - Puerto Rico - Q3 2018
  • Littler Mendelson PC
  • Puerto Rico
  • October 11 2018

On June 20, 2018, Act No. 115 was enacted, extending the list of authorized payroll deductions. Specifically, Act No. 115 provides that, upon the

North American securities regulators say over 200 crypto investigations are under way
  • Hogan Lovells
  • USA, Mexico, Puerto Rico, US Virgin Islands, Canada
  • August 30 2018

The North American Securities Administrators Association (NASAA) has announced that "more than 200 active investigations" into initial coin offerings

Financial Services Newsletter, August 22, 2018
  • Greenspoon Marder LLP
  • Puerto Rico
  • August 22 2018

On August 15, 2018, the US Department of Housing and Urban Development issued Mortgagee Letter 2018-05 to update Loss Mitigation options for borrowers

FHA updates loss mitigation options for mortgages in certain areas of Puerto Rico and the U.S. Virgin Islands
  • Buckley Sandler LLP
  • USA, Puerto Rico, US Virgin Islands
  • August 22 2018

On August 15, the Federal Housing Administration (FHA) released Mortgagee Letter 2018-05 (ML 2018-05), which updates loss mitigation options for

American Bar Association Adopts Resolution Seeking Permanent Jones Act Waiver for Puerto Rico
  • Winston & Strawn LLP
  • USA, Puerto Rico
  • August 10 2018

The American Bar Association House of Delegates adopted a resolution on August 7, 2018 which “urges Congress to enact legislation to provide a

Puerto Rico Update: A Busy Week as House Committee Holds Hearing on PREPA Oversight and Reform, and PREPA Reaches Preliminary Agreement with Bondholders
  • Sullivan & Worcester LLP
  • USA, Puerto Rico
  • August 6 2018

As discussed in our posting covering continuing challenges to rebuild Puerto Rico's electrical grid, the Puerto Rico Power Authority ("PREPA") has

Puerto Rico Law Authorizes Pay Deductions as Repayment for Employer-Provided Emergency Aid
  • Ogletree Deakins
  • Puerto Rico
  • July 31 2018

Puerto Rico is still reeling from the aftermath of Hurricane Maria. Recently, the governor of Puerto Rico signed into law Act No. 115 of June 20, 2018