Gil Hall

Currently writing book on PR crises. Working title: "Los Pertrechos: the Story of an Economy". Polyglot prone to prolixity in English, German &, Spanish. Based between San Juan and North Carolina. MBA/MHA.

Roundup: Cate Long & Gil Hall Discuss This Week’s News & Events in Puerto Rico

In this week’s round-up show, Cate Long and Gil Hall  discuss and analyze events from Puerto Rico. Topics include: Cates recaps her recent trips to Capitol Hill. May 1st: major GDB debt payment due. Will Puerto Rico default? Cate says it wouldn’t be the end of the world. “There is this crisis narrative that has developed … that the government …

Read More »

PR Draft Financials Released Following PR Senate Hearing

by: gil@prnewsroundup.com Following the intense and somewhat antagonistic questioning of witnesses in the Walmart v. Puerto Rico case in federal court two weeks ago, the Senate of Puerto Rico held a hearing Tuesday to obtain information about the delay of Commonwealth’s 2014 financial statements. Puerto Rico’s creditors and members of the US Congress have been waiting for the Commonwealth to …

Read More »

Deborah Kobes: “Out of Control? Local Democracy Failure and Fiscal Control Boards”

Puerto Rico is facing enormous fiscal and political challenges. The Commonwealth has almost $70 billion in debts and has been unable to work effectively with its creditors. The U.S. Congress appears to be ready to impose a control board on Puerto Rico to assist with fiscal and debt restructuring challenges. What shape and powers this board would have is being …

Read More »

Roundup: Cate Long & Gil Hall Discuss This Week’s News & Events in Puerto Rico

In this week’s roundup show, Cate Long and Gil Hall  discuss and analyze events from Puerto Rico. Topics include: A trial in federal court in San Juan regarding an unrelated tax matter (Walmart v. Puerto Rico) requires important figures in Alejandro García Padilla’s cabinet to testify under oath. GDB head Melba Acosta Febo testified on Tuesday. KPMG audit partner Ernesto …

Read More »

FULL STORY: PR Treasury Secretary Zaragoza Testifies at Walmart Trial

by Gil Hall, gil@prnewsroundup.com @gillamhall Revised significantly 20160205 1049 AST. On the third day of the Walmart vs. Puerto Rico trial (Thursday), Walmart called an expert witness with experience in restructuring governmental and nonprofit organizations. In addition to current work on restructuring efforts in New York state, Martha “Martie” Kopacz explained that she was appointed by Judge Stephen Rhodes as his …

Read More »

BREAKING NEWS: Puerto Rico treasury secretary testifies at third day of Walmart trial

The notes contained in this post formed the basis for a full article on the day’s events. I am leaving the old post active for reference, but striking through its content. by Gil Hall gil@prnewsroundup.com @gillamhall San Juan, Puerto Rico Updated 20160205 for typos and clarifications This is a breaking story, and the information was dictated and therefore may contain. typos. This information was provided …

Read More »

FULL STORY: KPMG Bombshells on Day 2 of Walmart trial: ELA is to blame for delay

By Gil Hall gil@prnewsroundup.com @gillamhall San Juan, Puerto Rico. Updated substantially 20160205 1128 AST The KPMG partner responsible for Puerto Rico’s 2014 audit, Ernesto Aponte, testified for nearly three hours Wednesday afternoon in federal court in San Juan about the auditing firm’s experiences with Commonwealth officials. Contradicting months of public statements made by Puerto Rico’s governor Alejandro García Padilla and …

Read More »

BREAKING NEWS: KPMG Auditor Testifies at Walmart vs Puerto Rico Trial

The notes contained in this post formed the basis for a full article on the day’s events. I am leaving the old post active for reference, but striking through its content This is a breaking story. New information will be added as soon as possible. 5:25 PM AST In nearly 3 hours of testimony this afternoon the KPMG senior partnered Ernesto Aponte who responsible …

Read More »

FULL STORY: Walmart v. Puerto Rico Trial, Day 1

by Gil Hall gil@prnewsroundup.com @gillamhall San Juan, Puerto Rico On the opening day of the Walmart v. Puerto Rico trial, the fireworks began after lunch, when a Walmart attorney asked a government official about events of the last year. Walmart attorney Neal S. Manne queried Melba Acosta-Febo, the head of the Government Development Bank of Puerto Rico, on three main …

Read More »

Cate Long & Gil Hall Discuss News Events in Puerto Rico

by Gil Hall In this week’s round-up show, Cate Long and Gil Hall discuss and analyze events from Puerto Rico. Topics include: Walmart has sued Puerto Rico regarding transfer tax legislation passed in spring 2015. The case will be heard in federal court beginning February 2nd. As part of the discovery process, Walmart requested that ELA produce draft financial documents. …

Read More »