Jim Wyss

2 weeks ago | news.bloomberglaw.com | Ruth Liao |Jim Wyss

New Fortress Energy has been disqualified from an auction held by the Puerto Rican government to secure temporary power generation, the latest setback for billionaire Wes Edens’ troubled company. The liquefied natural gas and logistics company asked to be reconsidered for the 800-megawatt contract to help shore up the US commonwealth’s shaky electric grid, according to a letter it sent to the Puerto Rico governor’s office.

3 weeks ago | bloomberglinea.com | Jim Wyss

Bloomberg — Hasta hace poco, un avión de bajo costo que ofrecía vuelos económicos a destinos paradisíacos del Caribe parecía una apuesta segura. La dominicana Arajet SA respaldada por Bain Capital y Griffin Global Asset Management, cumple ese objetivo: ofrecer a turistas y familias una nueva manera de llegar a esos destinos. Pero la llegada de Donald Trump y sus agresivas políticas migratorias están afectando al turismo global justo cuando Arajet planea una importante expansión en Estados Unidos.

3 weeks ago | bloomberg.com | Jim Wyss

Launched in 2022, the Dominican Republic's low cost carrier Arajet has expanded to 24 destinations in 17 countries. (Bloomberg) -- Until recently, a low-cost carrier offering cheap flights to and between sunny Caribbean destinations would’ve seemed like a no-brainer. Dominican Republic’s Arajet SA, backed by Bain Capital and Griffin Global Asset Management, was doing just that: providing vacationers and far-flung family a new way to get to the islands.

4 weeks ago | news.bloombergtax.com | Jim Wyss

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4 weeks ago | news.bloomberglaw.com | Jim Wyss

An immigration raid on a luxury Puerto Rico hotel partially owned by billionaire investor John Paulson led the US Department of Homeland Security to arrest dozens of construction workers from the Dominican Republic. Some 53 workers, all presumed to be undocumented, were working at the La Concha Resort in San Juan, but weren’t hotel employees, Special Agent Rebecca Gonzalez-Ramos told reporters Thursday in San Juan. She declined to name the construction company the team worked for.