Puerto Rican Association Loses Appeal Over Tariff Regulations

A Puerto Rican trade association’s challenge to a series of regulations related to freight tariffs adopted by the commonwealth was properly dismissed, a federal appellate court said.

Cámara de Mercadeo, Industria y Distribución de Alimentos, Inc. brought its suit under the Puerto Rico Oversight Management Stability Act, but waived any argument against the district court’s conclusion that the statute doesn’t create a private right of action, the US Court of Appeals for the First Circuit said.

Cámara de Mercadeo also waived its argument that, under PROMESA and policies adopted by the Financial Oversight and Management Board for Puerto Rico, the ...