UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO,

 Debtor.

PROMESA

Title III 

Case No. 17 BK 3566-LTS

--------------------------------------------------------------------x

COVER SHEET TO FIFTIETH MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS 

TO THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR 

PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM OF THE GOVERNMENT OF THE 

COMMONWEALTH OF PUERTO RICO, FOR THE PERIOD OF 

JUNE 1, 2021 THROUGH JUNE 30, 2021

1

 The Debtors in these jointly-administered Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, 

as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax

ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) Last Four Digits of Federal Tax ID: 3808); (v) Puerto 

Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747); 

and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5233-LTS) (Last Four Digits of Federal 

Tax ID: 3801) (Title III Case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 1 of 53
Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to:

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b)

Time period covered by this application: June 1, 2021 through June 30, 2021

Amount of compensation sought as actual, 

reasonable and necessary: 

$337.50

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $337.50

This is a: X monthly ___ interim ___ final application

This is O&B's fiftieth monthly fee application in these cases.

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 2 of 53
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for June 2021. 

/s/ Jaime A. El Koury

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 3 of 53
On September 17, 2021 sent to:

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF:

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial 

Advisory Authority:

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

Attn: Monsita Lecaroz, Esq.,

monsita.lecaroz@usdoj.gov

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 

1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., 

aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Union Plaza, PH-A Piso 18, 416 Ave. Ponce de León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury:

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Secretary of the Treasury, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 4 of 53
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Ubaldo Fernandez Jr. Member Litigation 225.00 0.40 90.00 

Gabriel Miranda Rivera Associate Litigation 190.00 1.50 285.00 

Totals 1.90 $ 375.00

Less: 10% Courtesy discount $ (37.50)

$ 337.50

 ERS TITLE III 

Summary of Legal Fees for the Period June 1 through June 30, 2021

SUMMARY OF LEGAL FEES

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

206 Documents Filed on Behalf of the Board 1.50 285.00

224 Fee Application - O&B 0.40 90.00

$ 375.00

Less: 10% Courtesy discount $ (37.50)

TOTALS 1.90 $ 337.50

 ERS TITLE III 

Summary of Legal Fees for the Period June 1 through June 30, 2021

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 5 of 53
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $303.75, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $303.75.

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 6 of 53
Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of this 

invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The services 

were rendered and the corresponding payment has not been made. To the best of my 

knowledge, O’Neill & Borges LLC does not have any debts owed to the Government of 

Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Ste. 800

San Juan, PR 00918-1813

Tel: (787) 282-5786

Fax: (787) 753-8944

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 7 of 53
Exhibit A

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 8 of 53
 June 30, 2021

FOMB IN RE ERS TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 9 of 53
 June 30, 2021

FOMB IN RE ERS TITLE III Bill #: 398099

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

June 30, 2021:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 375.00

Less Discount $ -37.50 

Net Professional Services $ 337.50

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 337.50 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 10 of 53
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

6/01/21 UMF 224 Draft forty-seventh monthly fee statement of O&B for 

the period of March 2021 in the Title III case of ERS.

.40 225.00 90.00

6/07/21 GMR 206 File the Notice of Filing of Spanish Translation of 

Disclosure Statement for the Third Amended Title III 

Joint Plan of Adjustment of the Commonwealth of 

Puerto Rico, et. al., in Case No. 17-3566.

.30 190.00 57.00

6/10/21 GMR 206 File the Notice of Filing Exhibit N (Best Interest Test 

Reports) to Disclosure Statement for the Third Amended 

Title III Joint Plan of Adjustment of the Commonwealth 

of Puerto Rico, et al. in Case No. 17-3566.

.20 190.00 38.00

6/16/21 GMR 206 File the Notice of Filing of Spanish Translation of 

Exhibit N (Best Interest Test Reports) to Disclosure 

Statement for the Third Amended Title III Joint Plan of 

Adjustment of the Commonwealth of Puerto Rico, et al. 

in Case No. 17-3566.

.20 190.00 38.00

6/29/21 GMR 206 File the Fourth Amended Title III Joint Plan of 

Adjustment of the Commonwealth of Puerto Rico, et al.

in case no. 17-3567.

.20 190.00 38.00

6/29/21 GMR 206 File disclosure statement to the Fourth Amended Title 

III Plan of Adjustment in Case No. 17-3567.

.20 190.00 38.00

6/29/21 GMR 206 File the Fourth Amended Title III Joint Plan of 

Adjustment of the Commonwealth of Puerto Rico, et al. 

(Corrected Version) in Case No. 17-3566.

.20 190.00 38.00

6/29/21 GMR 206 File the Notice of Errata Regarding Fourth Amended 

Title III Joint Plan of Adjustment of the Commonwealth 

of Puerto Rico, et al. in Case No. 17-3566.

.20 190.00 38.00

 TOTAL PROFESSIONAL SERVICES $ 375.00 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 11 of 53
 O'Neill & Borges LLC

Bill #: 398099 June 30, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

Less Discount $ -37.50 

 NET PROFESSIONAL SERVICES: $ 337.50 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

UBALDO M. FERNANDEZ BARRERA .40 225.00 90.00

GABRIEL MIRANDA RIVERA 1.50 190.00 285.00

Total 1.90 $ 375.00

TOTAL THIS INVOICE $ 337.50 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 12 of 53
UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

--------------------------------------------------------------------x 

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO,

 Debtor. 

PROMESA

Title III 

Case No. 17 BK 3566-LTS

--------------------------------------------------------------------x 

COVER SHEET TO FIFTY-FIRST MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS 

TO THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR 

PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM OF THE GOVERNMENT OF THE 

COMMONWEALTH OF PUERTO RICO, FOR THE PERIOD OF 

JULY 1, 2021 THROUGH JULY 31, 2021 

1

 The Debtors in these jointly-administered Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, 

as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax

ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) Last Four Digits of Federal Tax ID: 3808); (v) Puerto 

Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747); 

and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5233-LTS) (Last Four Digits of Federal 

Tax ID: 3801) (Title III Case numbers are listed as Bankruptcy Case numbers due to software limitations). 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 13 of 53
Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to: 

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b) 

Time period covered by this application: July 1, 2021 through July 31, 2021

Amount of compensation sought as actual, 

reasonable and necessary: 

$787.95

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $787.95

This is a: X monthly ___ interim ___ final application

This is O&B's fifty-first monthly fee application in these cases.

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 14 of 53
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for July 2021. 

/s/ Jaime A. El Koury 

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 15 of 53
On September 17, 2021 sent to: 

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF: 

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial 

Advisory Authority: 

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

Attn: Monsita Lecaroz, Esq.,

monsita.lecaroz@usdoj.gov

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 

1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., 

aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Union Plaza, PH-A Piso 18, 416 Ave. Ponce de León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury: 

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Secretary of the Treasury, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

 

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500 

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 16 of 53
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation 325.00 0.40 130.00 

Ubaldo Fernandez Jr. Member Litigation 230.00 0.30 69.00 

Paula A. Gonzalez Montalvo Associate Litigation 190.00 1.60 304.00 

Gabriel Miranda Rivera Associate Litigation 195.00 1.50 292.50 

Vanessa Sanchez Paralegal Litigation 160.00 0.50 80.00 

Totals 4.30 $ 875.50

Less: 10% Courtesy discount $ (87.55)

$ 787.95

 ERS TITLE III 

Summary of Legal Fees for the Period July 1 through July 31, 2021

SUMMARY OF LEGAL FEES

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

206 Documents Filed on Behalf of the Board 2.20 421.00

209 Adversary Proceeding 0.40 130.00

218 Employment and Fee Applications 0.90 175.50

219 Docketing 0.30 48.00

224 Fee Application - O&B 0.50 101.00

$ 875.50

Less: 10% Courtesy discount $ (87.55)

TOTALS 4.30 $ 787.95

 ERS TITLE III 

Summary of Legal Fees for the Period July 1 through July 31, 2021

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 17 of 53
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $709.16, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $709.16. 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 18 of 53
Professional Certification 

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of this 

invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The services 

were rendered and the corresponding payment has not been made. To the best of my 

knowledge, O’Neill & Borges LLC does not have any debts owed to the Government of 

Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC 

250 Muñoz Rivera Ave., Ste. 800 

San Juan, PR 00918-1813 

Tel: (787) 282-5786 

Fax: (787) 753-8944 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 19 of 53
Exhibit A

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 20 of 53
 August 4, 2021

FOMB IN RE ERS TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 21 of 53
 August 4, 2021

FOMB IN RE ERS TITLE III Bill #: 398555

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

July 31, 2021:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 745.50

Less Discount $ -74.55 

Net Professional Services $ 670.95

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 670.95 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 22 of 53
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

7/06/21 UMF 224 Draft O&B's forty-eighth monthly fee statement for 

April 2021 in the Title III case of ERS.

.30 230.00 69.00

7/07/21 VSN 224 As requested by U. Fernandez, review and compile April 

2021 monthly fee application for Employee Retirement 

System Title III Case No. 17-3566.

.20 160.00 32.00

7/12/21 PAG 206 File the Fifth Amended Title III Joint Plan of 

Adjustment of the Commonwealth of Puerto Rico, et al. 

at 17 BK 3566-LTS, docket no. 1174.

.20 190.00 38.00

7/12/21 PAG 206 File the Disclosure Statement for the Fifth Amended 

Title III Joint Plan of Adjustment of the Commonwealth 

of Puerto Rico, et al., and supporting exhibits, at 17 BK 

3566-LTS, docket no. 1175.

.40 190.00 76.00

7/15/21 GMR 218 Review the Ninth Interim Fee Application of Alvarez & 

Marsal North America, LLC for Compensation for 

Services Rendered and Reimbursement of Expenses 

Incurred as Advisor to the Financial Oversight and 

Management Board of Puerto Rico as Representative of 

the Employee Retirement System of the Government of 

the Commonwealth of Puerto Rico from February 

1,2021 through May 31, 2021, in anticipation to its 

filing.

.30 195.00 58.50

7/15/21 GMR 218 File the Ninth Interim Fee Application of Alvarez & 

Marsal North America, LLC for Compensation for 

Services Rendered and Reimbursement of Expenses 

Incurred as Advisor to the Financial Oversight and 

Management Board of Puerto Rico as Representative of 

the Employee Retirement System of the Government of 

the Commonwealth of Puerto Rico from February 

1,2021 through May 31, 2021, in Case No. 17-3566.

.20 195.00 39.00

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 23 of 53
 O'Neill & Borges LLC

Bill #: 398555 August 4, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

7/15/21 GMR 218 Review the Notice of Filing of the Ninth Interim Fee 

Application of Alvarez & Marsal North America, LLC 

for Compensation for Services Rendered and 

Reimbursement of Expenses Incurred as Advisor to the 

Financial Oversight and Management Board of Puerto 

Rico as Representative of the Employee Retirement 

System of the Government of the Commonwealth of 

Puerto Rico from February 1,2021 through May 31, 

2021, in anticipation to its filing.

.20 195.00 39.00

7/15/21 GMR 218 File the Notice of Filing of the Ninth Interim Fee 

Application of Alvarez & Marsal North America, LLC 

for Compensation for Services Rendered and 

Reimbursement of Expenses Incurred as Advisor to the 

Financial Oversight and Management Board of Puerto 

Rico as Representative of the Employee Retirement 

System of the Government of the Commonwealth of 

Puerto Rico from February 1,2021 through May 31, 

2021, in Case No. 17-3566.

.20 195.00 39.00

7/22/21 VSN 219 Docket court notice received by email dated July 16, 

2021 regarding order dkt. 1184, joint status report, 

amended disclosure statement, objections to the 

disclosure statements and scheduled disclosure statement 

hearing. - H. D. Bauer and U. Fernandez.

.10 160.00 16.00

7/23/21 VSN 219 Docket court notice received by email dated July 12, 

2021 regarding order dkt. 1038, deadline to file reply. -

H. D. Bauer and U. Fernandez.

.10 160.00 16.00

7/23/21 VSN 219 Docket court notice received by email dated July 15, 

2021 regarding order dkt. 1179, deadline to file 

disclosure statement and objections to disclosure 

statement. - H. D. Bauer and U. Fernandez.

.10 160.00 16.00

7/27/21 PAG 206 File the Sixth Amended Title III Joint Plan of 

Adjustment of the Commonwealth of Puerto Rico, et al. 

at 17 BK 3566-LTS, docket no. 1189.

.20 190.00 38.00

7/27/21 PAG 206 File the Disclosure Statement for the Sixth Amended 

Title III Joint Plan of Adjustment of the Commonwealth 

of Puerto Rico, et al., and supporting exhibits, at 17 BK 

3566-LTS, docket no. 1190.

.40 190.00 76.00

7/30/21 PAG 206 File the Disclosure Statement for the Seventh Amended 

Title III Joint Plan of Adjustment of the Commonwealth 

of Puerto Rico, et al., and all supporting exhibits, at 17 

BK 3566-LTS, docket no. 1198.

.40 190.00 76.00

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 24 of 53
 O'Neill & Borges LLC

Bill #: 398555 August 4, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

3

7/30/21 GMR 206 File the Seventh Amended Title III Joint Plan of 

Adjustment of the Commonwealth of Puerto Rico, et al., 

in Case No. 17-3566.

.20 195.00 39.00

7/30/21 GMR 206 File the Notice of Filing of Seventh Amended Title III 

Joint Plan of Adjustment of the Commonwealth of 

Puerto Rico, et al. and Corresponding Disclosure 

Statement, in Case No. 17-3566.

.20 195.00 39.00

7/30/21 GMR 206 File the Notice of Filing of Third Revised Proposed 

Order (i) Approving Disclosure Statement, (ii) Fixing 

Voting Record Date, (iii) Approving Confirmation 

Hearing Notice and Confirmation Schedule, (iv) 

Approving Solicitation Packages and Distribution 

Procedures, (v) Approving Forms of Ballots, and Voting 

and Election Procedures, (vi) Approving Notice of Nonvoting Status, (vii) Fixing Voting, Election, and 

Confirmation Deadlines, and (viii) Approving Vote 

Tabulation Procedures, in Case No. 17-3566.

.20 195.00 39.00

 TOTAL PROFESSIONAL SERVICES $ 745.50 

Less Discount $ -74.55 

 NET PROFESSIONAL SERVICES: $ 670.95 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

UBALDO M. FERNANDEZ BARRERA .30 230.00 69.00

PAULA A. GONZALEZ MONTALVO 1.60 190.00 304.00

GABRIEL MIRANDA RIVERA 1.50 195.00 292.50

VANESSA SANCHEZ .50 160.00 80.00

Total 3.90 $ 745.50

TOTAL THIS INVOICE $ 670.95 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 25 of 53
 August 4, 2021

FOMB IN RE ERS TITLE III

RE: 19-AP-00028 COOP AHORRO Y CREDITO VEGABAJENA V FOMB-HDB-CGB

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 26 of 53
 August 4, 2021

FOMB IN RE ERS TITLE III Bill #: 398556

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

July 31, 2021:

 

Client.Matter: P1704 - 805

RE: 19-AP-00028 COOP AHORRO Y CREDITO VEGABAJENA V FOMB-HDB-CGB

 

Total Professional Services $ 130.00

 $ -13.00 

Net Professional Services $ 117.00

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 117.00 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 27 of 53
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 805 

RE: 19-AP-00028 COOP AHORRO Y CREDITO VEGABAJENA V FOMB-HDB-CGB

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

7/15/21 HDB 209 Review e-mail regarding meet and confer regarding stay 

by C. Quilinchini regarding adv. 19-AP-00028. (.1) 

Draft e-mail to B. Rosen, T. Mungovan and the 

Proskauer Team concerning potential response. (.1)

.20 325.00 65.00

7/28/21 HDB 209 Receive follow-up e-mail from counsel for plaintiff in 

adv. 19-AP-00028 regarding meet and confer and draft email to L. Stafford regarding same. (.1) Review response 

to counsel for Plaintiffs. (.1)

.20 325.00 65.00

 TOTAL PROFESSIONAL SERVICES $ 130.00 

 $ -13.00 

 NET PROFESSIONAL SERVICES: $ 117.00 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

HERMANN BAUER .40 325.00 130.00

Total .40 $ 130.00

TOTAL THIS INVOICE $ 117.00 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 28 of 53
UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO,

 Debtor.

PROMESA

Title III 

Case No. 17 BK 3566-LTS

--------------------------------------------------------------------x

COVER SHEET TO FIFTY-SECOND MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS 

TO THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR 

PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM OF THE GOVERNMENT OF THE 

COMMONWEALTH OF PUERTO RICO, FOR THE PERIOD OF 

AUGUST 1, 2021 THROUGH AUGUST 31, 2021

1

 The Debtors in these jointly-administered Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, 

as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax

ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) Last Four Digits of Federal Tax ID: 3808); (v) Puerto 

Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747); 

and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5233-LTS) (Last Four Digits of Federal 

Tax ID: 3801) (Title III Case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 29 of 53
Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to:

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b)

Time period covered by this application: August 1, 2021 through August 31, 2021

Amount of compensation sought as actual, 

reasonable and necessary: 

$170.10

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $170.10

This is a: X monthly ___ interim ___ final application

This is O&B's fifty-second monthly fee application in these cases.

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 30 of 53
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for August 2021. 

/s/ Jaime A. El Koury

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 31 of 53
On October 21, 2021 sent to:

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF:

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial 

Advisory Authority:

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

Attn: Monsita Lecaroz, Esq.,

monsita.lecaroz@usdoj.gov

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 

1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., 

aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Union Plaza, PH-A Piso 18, 416 Ave. Ponce de León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury:

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Secretary of the Treasury, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 32 of 53
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation 325.00 0.20 65.00 

Ubaldo Fernandez Jr. Member Litigation 230.00 0.40 92.00 

Vanessa Sanchez Paralegal Litigation 160.00 0.20 32.00 

Totals 0.80 $ 189.00

Less: 10% Courtesy discount $ (18.90)

$ 170.10

 ERS TITLE III 

Summary of Legal Fees for the Period August 1 through August 31, 2021

SUMMARY OF LEGAL FEES

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

222 Claims and Claims Objections 0.20 65.00

224 Fee Application - O&B 0.60 124.00

$ 189.00

Less: 10% Courtesy discount $ (18.90)

TOTALS 0.80 $ 170.10

 ERS TITLE III 

Summary of Legal Fees for the Period August 1 through August 31, 2021

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 33 of 53
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $153.09, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $153.09.

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 34 of 53
Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of this 

invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The services 

were rendered and the corresponding payment has not been made. To the best of my 

knowledge, O’Neill & Borges LLC does not have any debts owed to the Government of 

Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Ste. 800

San Juan, PR 00918-1813

Tel: (787) 282-5786

Fax: (787) 753-8944

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 35 of 53
Exhibit A

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 36 of 53
 August 31, 2021

FOMB IN RE HTA TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 37 of 53
 August 31, 2021

FOMB IN RE HTA TITLE III Bill #: 400482

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

August 31, 2021:

 

Client.Matter: P1703 - 0

RE: GENERAL

 

Total Professional Services $ 1,336.50

Less Discount $ -133.65 

Net Professional Services $ 1,202.85

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 1,202.85 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 38 of 53
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1703 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

8/02/21 HDB 209 Analyze Opposition to Urgent Motion of Financial 

Oversight and Management Board for Leave to 

Intervene as Defendant, on Behalf of Commonwealth 

and HTA, in DRA Adversary Proceeding 21-00068 with 

Respect to Counts I, II, and IV of Complaint, with Full 

Party Rights.

.60 325.00 195.00

8/03/21 HDB 208 Review The DRA Parties Informative Motion Regarding 

the Use of Demonstratives at the August 4-5, 2021 

Omnibus Hearing.

.20 325.00 65.00

8/04/21 UMF 224 Draft O&B's forty-ninth monthly fee statement for May 

2021 in the Title III case of the HTA.

.40 230.00 92.00

8/05/21 GMR 206 Review the Reply in support of the Oversight Board's 

urgent motion to intervene in Counts I, II and IV of 

Complaint in DRA Parties v. Ambac, et al., 21-00068, in 

anticipation to its filing.

.30 195.00 58.50

8/05/21 GMR 206 File the Reply in support of the Oversight Board's urgent 

motion to intervene in Counts I, II and IV of Complaint 

in DRA Parties v. Ambac, et al., through the court's 

electronic filing system in case no. 21-00068.

.20 195.00 39.00

8/05/21 GMR 206 File the Reply in support of the Oversight Board's urgent 

motion to intervene in Counts I, II and IV of Complaint 

in DRA Parties v. Ambac, et al. adversary 21-0068, 

through the court's electronic filing system in case no. 

17-3283.

.20 195.00 39.00

8/05/21 VSN 224 As requested by U. Fernandez, review and compile May 

2021 monthly fee application for HTA Title III Case No. 

17-3567.

.20 160.00 32.00

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 39 of 53
 O'Neill & Borges LLC

Bill #: 400482 August 31, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

8/10/21 CGB 202 Compare pertinent section of the HTA Enabling Act 

Spanish version with English version to address query 

from L. Rappaport and E. Barak regarding same (0.6) ; 

Draft email to L. Rappaport and E. Barak regarding 

same (0.2).

.80 340.00 272.00

8/11/21 HDB 209 Review order on Motion to Intervene on DRA 

Complaint in adv. 21-00068.

.20 325.00 65.00

8/16/21 HDB 209 Revise meet and confer letter on Motion to Dismiss in 

adv. 21-AP-0068.

.40 325.00 130.00

8/23/21 GMR 206 Review the Unopposed Urgent Motion of Intervening 

Defendant Financial Oversight and Management Board 

for Leave to File a Memorandum of Law in Support of 

Motion to Dismiss, or, in the Alternative, Stay Counts I, 

II, and IV of the Complaint of No More Than 50 Pages, 

in anticipation to its filing in Adversary Proceeding No. 

21-00068.

.20 195.00 39.00

8/23/21 GMR 206 File the Unopposed Urgent Motion of Intervening 

Defendant Financial Oversight and Management Board 

for Leave to File a Memorandum of Law in Support of 

Motion to Dismiss, or, in the Alternative, Stay Counts I, 

II, and IV of the Complaint of No More Than 50 Pages, 

through the court's electronic filing system at ECF No. 

37 in case No. adv. 21-00068.

.20 195.00 39.00

8/26/21 GMR 206 File the Intervening Defendant Financial Oversight and 

Management Board's Memorandum of Law in Support 

of Motion to Dismiss, or in the Alternative, to Stay 

Counts I, II and IV of the Complaint in adv. 21-00068, 

in Case No. 17-3567.

.20 195.00 39.00

8/26/21 GMR 206 File the Intervening Defendant Financial Oversight and 

Management Board's Memorandum of Law in Support 

of Motion to Dismiss, or in the Alternative, to Stay 

Counts I, II and IV of the Complaint in adv. 21-00068, 

in Adversary Proceeding No. 21-00068.

.20 195.00 39.00

8/26/21 GMR 206 Review the Notice of Motion of Intervening Defendant 

Financial Oversight and Management Board's Motion to 

Dismiss, or in the Alternative, to Stay Counts I, II and 

IV of the Complaint (21-ap-00068), in anticipation to its 

filing.

.20 195.00 39.00

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 40 of 53
 O'Neill & Borges LLC

Bill #: 400482 August 31, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

3

8/26/21 GMR 206 File the Notice of Motion of Intervening Defendant 

Financial Oversight and Management Board's Motion to 

Dismiss, or in the Alternative, to Stay Counts I, II and 

IV of the Complaint (21-ap-00068), in adversary 

proceeding no. 21-00068.

.20 195.00 39.00

8/26/21 GMR 206 File the Notice of Motion of Intervening Defendant 

Financial Oversight and Management Board's Motion to 

Dismiss, or in the Alternative, to Stay Counts I, II and 

IV of the Complaint (21-ap-00068), in Case No. 17-

3567.

.20 195.00 39.00

8/31/21 PAG 206 Review the Motion for Interim Compensation Fourth 

Interim Fee Application of McKinsey & Company 

Puerto Rico Consulting, Inc. as Consulting Services 

Provider to the Financial Oversight and Management 

Board for Puerto Rico, as Representative of Debtor, 

Puerto Rico Highways and Transportation Authority 

("HTA"), for the Period from February 1, 2021 through 

May 31, 2021, in anticipation of its filing at 17 BK 

3567-LTS, docket no. 1090.

.20 190.00 38.00

8/31/21 PAG 206 File the Motion for Interim Compensation Fourth 

Interim Fee Application of McKinsey & Company 

Puerto Rico Consulting, Inc. as Consulting Services 

Provider to the Financial Oversight and Management 

Board for Puerto Rico, as Representative of Debtor, 

Puerto Rico Highways and Transportation Authority 

("HTA"), for the Period from February 1, 2021 through 

May 31, 2021, at 17 BK 3567-LTS, docket no. 1090.

.20 190.00 38.00

 TOTAL PROFESSIONAL SERVICES $ 1,336.50 

Less Discount $ -133.65 

 NET PROFESSIONAL SERVICES: $ 1,202.85 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

CARLA GARCIA BENITEZ .80 340.00 272.00

HERMANN BAUER 1.40 325.00 455.00

UBALDO M. FERNANDEZ BARRERA .40 230.00 92.00

PAULA A. GONZALEZ MONTALVO .40 190.00 76.00

GABRIEL MIRANDA RIVERA 2.10 195.00 409.50

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 41 of 53
 O'Neill & Borges LLC

Bill #: 400482 August 31, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

4

VANESSA SANCHEZ .20 160.00 32.00

Total 5.30 $ 1,336.50

TOTAL THIS INVOICE $ 1,202.85 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 42 of 53
 

UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

--------------------------------------------------------------------x

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al. 

 Debtors.1

PROMESA 

Title III 

Case No. 17 BK 3283-LTS 

(Jointly Administered) 

--------------------------------------------------------------------x 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

 as representative of 

EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO,

 Debtor. 

PROMESA 

Title III 

Case No. 17 BK 3566-LTS 

--------------------------------------------------------------------x 

COVER SHEET TO FIFTY-THIRD MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS 

TO THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR 

PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM OF THE GOVERNMENT OF THE 

COMMONWEALTH OF PUERTO RICO, FOR THE PERIOD OF 

SEPTEMBER 1, 2021 THROUGH SEPTEMBER 30, 2021 

1

 The Debtors in these jointly-administered Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, 

as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax 

ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) Last Four Digits of Federal Tax ID: 3808); (v) Puerto 

Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747); 

and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5233-LTS) (Last Four Digits of Federal 

Tax ID: 3801) (Title III Case numbers are listed as Bankruptcy Case numbers due to software limitations). 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 43 of 53
 

Name of applicant O'Neill & Borges LLC (“O&B”) 

 

Authorized to provide professional services 

to: 

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b) 

 

Time period covered by this application: September 1, 2021 through September 30, 

2021 

 

Amount of compensation sought as actual, 

reasonable and necessary: 

 $124.20 

 

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

 $0.00 

 

Total amount for this invoice: $124.20 

 

This is a: X monthly ___ interim ___ final application

This is O&B's fifty-third monthly fee application in these cases. 

 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 44 of 53
 

Principal Certification 

I hereby authorize the submission of this Monthly Fee Statement for September 2021. 

/s/ Jaime A. El Koury 

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico 

 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 45 of 53
 

On December 7, 2021 sent to: 

Counsel for the Oversight Board: 

Proskauer Rose LLP 

Eleven Times Square 

New York, NY 10036 

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP 

70 West Madison Street, Chicago, IL 60602 

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF: 

O’Melveny & Myers LLP 

Times Square Tower, 7 Times Square 

New York, NY 10036 

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial 

Advisory Authority: 

Marini Pietrantoni Muñiz LLC 

MCS Plaza Suite 500, 255 Ponce de León Ave. 

San Juan, PR 00917 

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR: 

Edif. Ochoa, 500 Tanca Street, Suite 301 

San Juan, PR 00901 

Re: In re: Commonwealth of Puerto Rico 

Attn: Monsita Lecaroz, Esq., 

monsita.lecaroz@usdoj.gov

Counsel for the Official Committee of Unsecured 

Creditors: 

Paul Hastings LLP 

200 Park Avenue 

New York, NY 10166 

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC 

El Caribe Office Building, 53 Palmeras Street, Suite 

1601 

San Juan, PR 00901-2419 

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., 

aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees: 

Bennazar, García & Millian, C.S.P. 

Union Plaza, PH-A Piso 18, 416 Ave. Ponce de León 

Hato Rey, PR 00918 

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP 

919 Third Ave 

New York NY 10022 

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP 

353 N. Clark Street 

Chicago, IL 60654 

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury: 

PO Box 9024140 

San Juan, PR 00902-4140 

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Secretary of the Treasury, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

 

Counsel for the Fee Examiner: 

EDGE Legal Strategies, PSC 

252 Ponce de León Av, Citibank Tower, 12th Floor 

San Juan, PR 00918 

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C. 

Onee East Main Street, Suite 500 

Madison, WI 53703 

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 46 of 53
 

Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Ubaldo Fernandez Jr. Member Litigation 230.00 0.60 138.00 

Totals 0.60 138.00 $ 

Less: 10% Courtesy discount (13.80) $ 

$ 124.20

Totals

 ERS TITLE III 

Summary of Legal Fees for the Period September 1 through September 30, 2021

SUMMARY OF LEGAL FEES

Summary of Disbursements for the Period September 1 through September 30, 2021

Description - Expenses Amounts

 ERS TITLE III 

SUMMARY OF DISBURSEMENTS $ -

$ -

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

224 Fee Application - O&B 0.60 138.00

$ 138.00

Less: 10% Courtesy discount (13.80) $ 

TOTALS 0.60 124.20 $ 

 ERS TITLE III 

Summary of Legal Fees for the Period September 1 through September 30, 2021

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 47 of 53
 

O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $111.78, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $111.78. 

 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 48 of 53
 

Professional Certification 

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of this 

invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The services 

were rendered and the corresponding payment has not been made. To the best of my 

knowledge, O’Neill & Borges LLC does not have any debts owed to the Government of 

Puerto Rico or its instrumentalities. 

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC 

250 Muñoz Rivera Ave., Ste. 800 

San Juan, PR 00918-1813 

Tel: (787) 282-5786 

Fax: (787) 753-8944 

 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 49 of 53
 

Exhibit A 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 50 of 53
 September 30, 2021

FOMB IN RE ERS TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 51 of 53
 September 30, 2021

FOMB IN RE ERS TITLE III Bill #: 402209

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

September 30, 2021:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 138.00

Less Discount $ -13.80 

Net Professional Services $ 124.20

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 124.20 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 52 of 53
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

9/17/21 UMF 224 Draft O&B's fiftieth monthly fee statement in the Title 

III case of the ERS.

.30 230.00 69.00

9/17/21 UMF 224 Draft O&B's fifty-first monthly fee statement in the Title 

III case of the ERS.

.30 230.00 69.00

 TOTAL PROFESSIONAL SERVICES $ 138.00 

Less Discount $ -13.80 

 NET PROFESSIONAL SERVICES: $ 124.20 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

UBALDO M. FERNANDEZ BARRERA .60 230.00 138.00

Total .60 $ 138.00

TOTAL THIS INVOICE $ 124.20 

Case:17-03283-LTS Doc#:22967-2 Filed:12/02/22 Entered:12/02/22 18:32:37 Desc:

Exhibit B-2 Page 53 of 53