Puerto Rico Reorg Advisers to Get New Fee Application Procedures

Advisers working on Puerto Rico’s financial restructuring are facing updated fee application procedures following passage of a new federal law requiring more in-depth conflict disclosures.

The court-appointed fee examiner will present a draft of revised application procedures to the court, the examiner’s attorney, Katherine Stadler of Godfrey & Kahn SC, said at a status conference Wednesday.

Judge Laura T. Swain of the U.S. District Court for the District of Puerto Rico had previously ordered the Financial Oversight and Management Board, the fee examiner, and the U.S. Trustee to address issues that may arise as the court implements the Puerto Rico ...