P.R. Laws tit. 13, § 111i

2019-02-20 00:00:00+00
§ 111i. Responsibilities and powers of the Court

(a) In keeping with the prescribed time periods in other sections of this chapter, the Court shall endeavor to conduct any proceeding under §§ 112-112f of this title or to resolve a case under §§ 113-113nn of this title with all deliberate speed and efficiency consistent with due process, and taking into account that continuing uncertainty about the resolution of the proceeding is harmful to creditors, to the viability of the public sector obligor, to the credit of the Commonwealth entities, and to the well-being of the residents and businesses in the Commonwealth.

(b) The Court may issue any order and conduct any processes necessary or appropriate to carry out the provisions of this chapter. No provision of §§ 112-112f of this title or §§ 113-113nn of this title providing for the raising of an issue by a party in interest shall be construed to preclude the Court from, sua sponte, taking any action or making any determination necessary or appropriate to enforce or implement Court orders or rules, or to prevent an abuse of process.

(c) Notwithstanding any other Commonwealth law, or any contract that is binding on any Commonwealth entity or to which any of its property is subject, no court established by the Commonwealth shall appoint a custodian with respect to the public sector obligor during the suspension period under §§ 112-112f of this title or in or during its case under §§ 113-113nn of this title under any applicable law or contract.

History —June 28, 2014, No. 71, § 110.