Monthly Archives: July 2014

Department of Consumer Affairs (DACO) to Amend Regulation

The Puerto Rico Department of Consumer Affairs gave notice today that it proposed to amend its Regulation Against Deceptive Practices and False Advertisements.  This marks the beginning of a rule making process that will include public hearings.  The proposed amendments contemplate significant restrictions to common advertising and marketing practices, a major step back for retailers in Puerto Rico.

UPR Mayaguez wins Enactus National Competition

The University of Puerto Rico, Mayaguez Campus, won the 8th annual National Competition of Enactus Puerto Rico and will represent Puerto Rico in the World Cup to be held in Beijing, China, on October 22-24, 2014.   A total of 12 local colleges and universities presented a series of projects geared at developing community based entrepreneurial initiatives.  The

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New Bill Entails Debt Reorganization Process for Puerto Rico Public Corporations

Senate Bill No. 1164, also known as the “Puerto Rico Public Corporation Debt Enforcement and Recovery Act” (hereinafter, the “Act”), was recently signed by the Governor of Puerto Rico.  The Act establishes a debt enforcement, recovery and restructuring system for eligible local public corporations that are experiencing financial insolvency.  It creates two debt relief solutions;

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