Sec. 9. Disclosure by professional persons employed by debtor
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Title III of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2101 et seq.) is amended— in section 301(a)— by inserting 327, after 112, ; and by inserting 328, 329, before 333, ; in section 316(a) by inserting and subject to sections 328 and 329 of title 11, United States Code, after hearing, ; and by adding at the end the following: An order approving the employment of attorneys, accountants, appraisers, auctioneers, agents, or other professional persons pursuant to section 327 of title 11, United States Code (as incorporated into this title by section 301 of this Act), shall be accompanied by a verified statement of the professional person to be employed setting forth the professional person’s individual connections (if any) with— the debtor, creditors, any other party in interest; the attorneys and accountants of any person or entity listed pursuant to paragraph (1); an Oversight Board; and any person employed by an Oversight Board.
Such statement shall include information on the identify of each entity or person listed in the statement required under paragraph (1). No claim of privilege, or of contractual or legal confidentiality, shall be allowed relating to any disclosure required by subsection
(a)or by Rule 2014(a) of the Federal Rules of Bankruptcy Procedure. . The table of contents of Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2101 et seq.) is amended by inserting after the item relating to section 318 the following: Sec. 319. Disclosure by professional persons employed by the debtor. . Except as provided in paragraph (2), this section and the amendments made by this section shall take effect on June 30, 2016. The amendments made by paragraphs (1)(A) and
(2)of subsection
(a)shall take effect 30 days after the date of the enactment of this section.
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Sec. 9
Disclosure by professional persons employed by debtor
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