EXHIBIT B 

RETENTION ORDER

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081017 BENNAZAR RETENTION ORDER VERSION AUGUST 10, 2017 1 

IN THE UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

ORDER AUTHORIZING THE 

EMPLOYMENT OF BENNAZAR, GARCIA & MILIAN, CSP AS 

ATTORNEYS FOR THE COMMITTEE OF RETIRED EMPLOYEES 

 Upon the Application filed by the Committee of Retired Employees of Puerto Rico (the 

“Retiree Committee”) in these Title III Cases for entry of an order to employ the law firm of 

Bennazar, García & Milián, CSP (“BGM, CSP”) as attorneys for the Retiree Committee effective 

as of June 16, 2017, pursuant to sections 105(a) and 1103(a) of Title 11 of the United States Code 

(the “Bankruptcy Code”), made applicable to these cases pursuant to Section 301(a) of the Puerto 

Rico Oversight, Management, and Economic Stability Act (“PROMESA”), 48 U.S.C. § 2161(a);2

1

 The Debtors in these PROMESA 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 (Bankruptcy Case 

No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474); (iii) Puerto Rico Highways and Transportation Authority 

(Bankruptcy Case No. 17 BK 3567-LTS) (Last Four Digits of Federal Tax ID: 3808); and (iv) Employees Retirement 

System of the Government of the Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four 

Digits of Federal Tax ID: 9686). 

2

 PROMESA is codified at 48 U.S.C. §§ 2101–2241. Unless otherwise noted, all Bankruptcy Code sections cited in 

this Application are made applicable to these Title III Cases by Section 301(a) of PROMESA. 

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 

No. 17 BK 3283-LTS 

(Jointly Administered) 

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081017 BENNAZAR RETENTION ORDER VERSION AUGUST 7, 2017 2 

and upon the Declaration of A. J. Bennazar Zequeira in Support of the Application (the “Bennazar 

Declaration”); and the Court finding that (a) the Court has subject matter jurisdiction over this 

matter pursuant to PROMESA section 306(a); (b) BGM, CSP does not hold or represent any 

interest materially adverse to the Retiree Committee with respect to matters for which BGM, CSP

is to be retained; and (c) the Retiree Committee’s retention of BGM, CSP is in the best interest of 

the Retiree Committee; and the Court finding that notice of the Application given by the Retiree 

Committee was sufficient under the circumstances and that no other or further notice is necessary; 

and the Court being fully advised in the premises and having determined that the legal and factual 

bases set forth in the Application, the Bennazar Declaration establish just cause for the relief herein 

granted; it is hereby: 

 ORDERED, ADJUDGED AND DECREED THAT: 

1. The Application is GRANTED, as set forth herein. 

2. The Retiree Committee is authorized, pursuant to section 1103(a) of the Bankruptcy 

Code to employ BGM, CSP as its counsel in these Title III Cases in accordance with the terms 

and conditions set forth in the Application effective as of June 16, 2017. 

3. BGM, CSP shall be entitled to allowance and payment of compensation for 

professional services rendered and reimbursement of expenses incurred in connection with these 

Title III Cases as an administrative priority expense under section 503(b) of the Bankruptcy Code 

pursuant to any procedures established and required by PROMESA, this Court, and the United 

States Trustee. 

4. The Retiree Committee is authorized and empowered to take all actions necessary 

to implement the relief granted in this Order. 

5. The terms and conditions of this Order shall be immediately effective and 

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081017 BENNAZAR RETENTION ORDER VERSION AUGUST 7, 2017 3 

enforceable upon its entry. 

6. This Court retains exclusive jurisdiction with respect to all matters arising from or 

related to the implementation, interpretation, and enforcement of this order. 

7. This order resolves docket entry no. 683. 

SO ORDERED. 

Dated: August 10, 2017 

 /s/ Laura Taylor Swain 

 LAURA TAYLOR SWAIN 

 United States District Judge

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