Puerto Rico

Puerto Rico is an unincorporated territory of the United States, located in the Northeastern Caribbean Sea. The territory is comprised of the main island, and a strand of smaller islands which include Vieques, Culebra, and Mona. San Juan is the most populous city, and the official languages of Puerto Rico are Spanish and English.

The US acquired Puerto Rico after the Spanish-American War, under the Treaty of Paris. It became a US territory on April 11, 1899. Those who are born in the island-country are in effect, US citizens, allowing them to freely move from the mainland and the US. The territory isn’t considered a US state, so doesn’t have the right to vote in Presidential Elections.

US Congress governs Puerto Rico’s political system under the Puerto Rico Federal Relations Act of 1950. The country’s judicial system also mimics that of the US, with the Puerto Rico Supreme Court and a United States District Court being appointed for the territory.

The US territory has been hit by many natural disasters throughout its history, including the latest, Hurricane Maria, in 2017. The category 4 storm greatly impacted the local communities, damaging most homes on the islands, and as of November 2017, only ⅔ of the home’s in the islands, had electric power fully restored. Over $95 billion in damages resulted on the island following the major storm, with FEMA having received over 1 million requests for aid by the end of 2017.

The country is subject to the plenary powers of the US under the territorial clause of Article IV in the US Constitutions. Natural born citizens are also considered US Citizens, which is governed by the Jones-Shafroth Act of 1917. Several executive branches also have a strong presence in Puerto Rico, including the FBI, TSA, FEMA, SSA, and other agencies. The island-nation is also limited in its foreign relations under the Territorial Clause of the US Constitution.

Puerto Rico is classified as a high-income economy by the World Bank, however the island-nation currently has a total debt of over $72 billion. Manufacturing is a primary driver of the economy. Textiles, pharmaceuticals, the service industry, real estate, and tourism, are also strong contributors to the territory’s economy. As a US territory, foreign policy, restricting shipping and trading with other nations, is governed by the US.

Hurricane damage and relief funds, the economy, trade, travel, and foreign relations, are some of the different forms of news coverage visitors to the National Law Review will find, as it relates to Puerto Rico and the United States. Environmental and energy news, equal pay and labor and employment law concerns, government aid, insurance claims, and tax-related news coverage, are all topics the National Law Review covers.

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Mar
11
2020
Puerto Rico Issues Guidance for Disaster Relief Distributions From Tax-Qualified Retirement Plans Due to 2020 Earthquakes Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Jul
16
2020
How Recent Changes to RMD Rules Apply to Puerto Rico Participants in Dual-Qualified Plans Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Mar
27
2020
Federal COVID-19 Emergency Paid Leave Rules Apply in Puerto Rico—But With Unique Tax Aspects Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Sep
18
2021
Puerto Rico Governor Issues Executive Orders Requiring COVID-19 Vaccinations Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Apr
3
2020
Puerto Rico Extends Due Dates for Retirement Plan Tax Reporting and Withholding Obligations Due to COVID-19 Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Oct
18
2017
Employers Helping Employees—Are Disaster Relief Payments and Loans Exempt From Puerto Rico Income Tax? Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Apr
7
2020
Puerto Rico Issues Rules on Coronavirus-Related Distributions From Qualified Retirement Plans Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Dec
2
2014
Qualifying for the Antique Exception to the Ivory Ban Greenberg Traurig, LLP
Sep
30
2014
ICE Increases its Enrollment in Mutual Agreement between Government and Employers (IMAGE) in Puerto Rico by 12.5% in One Day! Greenberg Traurig, LLP
Aug
23
2022
Renewable Energy in Latin America Updates August 2022 Greenberg Traurig, LLP
Oct
11
2011
AT&T Sued By EEOC In Puerto Rico Disability Discrimination Lawsuit U.S. Equal Employment Opportunity Commission
Mar
3
2016
AT&T to Pay $250,000 and Reinstate Employee to Settle EEOC Disability Discrimination Lawsuit U.S. Equal Employment Opportunity Commission
Sep
21
2022
EPA to Assist Hurricane Fiona Response U.S. Environmental Protection Agency
Dec
23
2014
New California Privacy Laws Morgan, Lewis & Bockius LLP
Jan
30
2017
Open for Business: Puerto Rico Enacts Sweeping Labor Reform Morgan, Lewis & Bockius LLP
Mar
20
2017
Puerto Rico Enacts Equal Pay Act Prohibiting Gender-Based Pay Disparities Morgan, Lewis & Bockius LLP
Sep
15
2017
Hurricane Irma Client Alert: Tax Filing, Payment Deadlines Extended for Victims in Disaster Areas Morgan, Lewis & Bockius LLP
Apr
15
2014
Municipal Bond Market Absorbs Puerto Rico Supreme Court’s Decision that Teacher Pension Reform Legislation is Unconstitutional Contract Impairment Mintz
Feb
25
2016
Draft Treasury Legislation Would Give Puerto Rico Access to “Super Chapter 9” and Chapter 9 Bankruptcy Mintz
Jul
6
2014
Be PREPAred: PREPA (Puerto Rico Electric Power Authority) Bondholders Greet Puerto Rico’s Bankruptcy Legislation With Federal Lawsuit Mintz
Feb
7
2018
The Bubbler – February 2018 Mintz
Feb
20
2013
Energy and Environmental Law Update - February 17, 2013 Mintz
Jul
14
2014
Puerto Rico Bonds: Legislation and Litigation Mintz
Mar
24
2016
You Can Lead a Horse to Water, But You Can’t Call it an Airplane: Supreme Court Oral Arguments Suggest Puerto Rico’s Recovery Act May Recover Mintz
Feb
9
2015
Puerto Rico’s Recovery Act Ruled Preempted: What Now? Mintz
Jun
5
2018
June 2018 Washington Update Mintz
Jan
10
2023
Latest Climate Change Tort Lawsuit Brings Civil RICO Claims Mintz
Jul
22
2014
Puerto Rico and Puerto Rico Electric Power Authority (PREPA) Seek Dismissal of Bondholder Challenge to Territory’s Bankruptcy Statute Mintz
May
7
2015
First Circuit Hears Oral Arguments on Validity of Puerto Rico’s Recovery Act Mintz
Nov
14
2013
Puerto Rico Supreme Court’s Deference to Legislature’s Determinations: A Double-Edged Sword for Puerto Rico Bondholders? Mintz
Aug
12
2014
Puerto Rico Electric Power Authority (PREPA) Bondholders Seek Summary Judgment Invalidating Puerto Rico’s Public Corporation Bankruptcy Legislation Mintz
Feb
4
2014
Could Bondholders Bring Claims Against Puerto Rico Bond Issuers in Courts Outside Puerto Rico? Mintz
Jun
13
2016
Puerto Rico: Three Strikes and Recovery Act is Out Mintz
Feb
10
2014
Puerto Rico Bondholders Await Contract Impairment Ruling in Teacher Pension Reform Litigation Mintz
Sep
28
2015
Can Alphabet Soup Fix Puerto Rico’s Debt Service Issues? Mintz
 

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