P.R. Laws tit. 13, § 111s
Whenever an entity objects to or challenges the relief requested under §§ 112-112f of this title or §§ 113-113nn of this title, such entity shall provide, within five (5) business days of an eligible obligor’s or a petitioner’s written request, all documents in its possession, custody, or control supporting, and all documents in its possession, custody, or control opposing, the objecting party’s claim and objection. This production shall be in addition to responses to any additional valid discovery requested by the eligible obligor or petitioner. Any such objection shall:
(a) Be in writing and filed with the Court, no later than seven (7) business days prior to the relevant hearing unless the Court orders otherwise or as otherwise specified in this chapter;
(b) articulate clearly the basis for the objection; and
(c) be accompanied by a statement, sworn under oath, that includes:
(1) The name of each objecting entity that holds or controls the beneficial interest in an affected debt instrument of the eligible obligor seeking relief under §§ 112-112f of this title or an affected debt of a petitioner in a case under §§ 113-113nn of this title;
(2) a description of the beneficial interest that is held or controlled by such objecting entity or any of its controlled affiliates (naming such affiliates) in any of the following:
(A) The affected debt instrument or any affected debt, including the amount of any claim;
(B) any interest, pledge, lien, option, participation, derivative instrument, or any other right or derivative right granting any of the foregoing entities or affiliates an economic interest that is affected by the value, acquisition, or disposition of the affected debt instrument or affected debt; and
(C) any credit default swap of any insurance company that insures any obligation of any Commonwealth entity;
(3) a statement whether each interest disclosed pursuant to paragraphs (A)-(C) of subsection (c)(2) of § 111s of this title was acquired before or after the commencement of the suspension period under §§ 112-112f of this title or before or after the date the petition was filed under §§ 113-113nn of this title; and
(4) a statement whether each interest disclosed pursuant to paragraphs (A)-(C) of subsection (c)(2) of § 111s of this title may appreciate in value if any debt issued by any Commonwealth entity declines in value.
History —June 28, 2014, No. 71, § 120.