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.

Custom text Title Organization
Oct
21
2014
IRS Permits Puerto Rico-Qualified Plans in U.S. Group Trusts, Extends Deadline for Certain Puerto Rico Spin-Offs McDermott Will & Emery
Oct
6
2014
New Puerto Rico Laws Expand Protected Activity for Retaliation Claims, Create Civil Penalties for Violations of Vacation, Sick Leave Statute Jackson Lewis P.C.
Oct
1
2014
Tax Prepayment Window Closes on October 31, 2014, for Puerto Rico Retirement Plans McDermott Will & Emery
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
12
2014
Puerto Rico Electric Power Authority (PREPA) Bondholders Seek Summary Judgment Invalidating Puerto Rico’s Public Corporation Bankruptcy Legislation Mintz
Aug
4
2014
Pension Benefit Guaranty Corporation (PBGC) Coverage May No Longer Apply to Puerto Rico- Only Qualified Retirement Plans McDermott Will & Emery
Jul
22
2014
Puerto Rico and Puerto Rico Electric Power Authority (PREPA) Seek Dismissal of Bondholder Challenge to Territory’s Bankruptcy Statute Mintz
Jul
18
2014
Film Tax Incentives in Latin America Sheppard, Mullin, Richter & Hampton LLP
Jul
14
2014
Puerto Rico Bonds: Legislation and Litigation Mintz
Jul
6
2014
Be PREPAred: PREPA (Puerto Rico Electric Power Authority) Bondholders Greet Puerto Rico’s Bankruptcy Legislation With Federal Lawsuit Mintz
Jun
18
2014
Puerto Rico Governor Vetoes Bill Prohibiting Workplace Harassment or Bullying Jackson Lewis P.C.
Jun
5
2014
Puerto Rico Legislature Approves Bill Prohibiting ‘Workplace Bullying’ or ‘Workplace Harassment’ Jackson Lewis P.C.
Apr
15
2014
Municipal Bond Market Absorbs Puerto Rico Supreme Court’s Decision that Teacher Pension Reform Legislation is Unconstitutional Contract Impairment Mintz
Mar
18
2014
Legislative Trial Balloon for Puerto Rico Public Corporation Insolvency Process Attracts Bondholder Attention Mintz
Mar
5
2014
Legal Highlights in Puerto Rico’s “Draft POS” for Upcoming General Obligation Bond Issue Mintz
Feb
27
2014
Puerto Rico Senate Not in a New York State of Mind Mintz
Feb
26
2014
Unprecedented HIPAA Fine May Mean Increased Scrutiny and Penalties Re: Health Insurance Portability and Accountability Act Mintz
Feb
21
2014
Puerto Rico Gets Serious About HIPAA (Health Insurance Portability and Accountability Act) – $6.8 Million in Penalties Connected to Data Breach Jackson Lewis P.C.
Feb
10
2014
Puerto Rico Bondholders Await Contract Impairment Ruling in Teacher Pension Reform Litigation Mintz
Feb
4
2014
Could Bondholders Bring Claims Against Puerto Rico Bond Issuers in Courts Outside Puerto Rico? Mintz
Dec
4
2013
Latin American Region Environmental Report: Puerto Rico Highlights (Volume III 2013) Beveridge & Diamond PC
Nov
14
2013
Puerto Rico Supreme Court’s Deference to Legislature’s Determinations: A Double-Edged Sword for Puerto Rico Bondholders? Mintz
Aug
22
2013
Puerto Rico Legal Highlights (Volume II, 2013) Beveridge & Diamond PC
Jul
16
2013
Additional Time for Employers to Amend and File Puerto Rico Qualified Retirement Plans McDermott Will & Emery
Feb
20
2013
Energy and Environmental Law Update - February 17, 2013 Mintz
Jul
15
2012
Puerto Rico Retirement Plans: Issues Employers Should Think About in 2012 McDermott Will & Emery
Mar
24
2012
Retirement Plans With Puerto Rico Employees Can File Form 5500 Rather than Puerto Rico Annual Return McDermott Will & Emery
Dec
28
2011
IRS Extends Transition Relief for Puerto Rico Qualified Plans to Participate in U.S. Group Trusts and Deadline to Transfer Assets McDermott Will & Emery
Oct
11
2011
AT&T Sued By EEOC In Puerto Rico Disability Discrimination Lawsuit U.S. Equal Employment Opportunity Commission
 

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