Proposed Order 

Case:17-03283-LTS Doc#:23923-5 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

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UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

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)

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

 as representative of 

THE EMPLOYEES RETIREMENT SYSTEM OF 

THE GOVERNMENT OF PUERTO RICO, 

 Debtor. 

PROMESA 

Title III 

Case No. 17-BK-3566-LTS 

This Application relates only to 

ERS and shall be filed in the lead 

Case No. 17-BK-3283-LTS and 

ERS’s Title III Case (Case No. 

17-BK-3566-LTS) 

ORDER APPROVING 

THIRTEENTH INTERIM FEE APPLICATION 

OF PROSKAUER ROSE LLP FOR COMPENSATION 

 FOR SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES INCURRED AS ATTORNEYS FOR THE FINANCIAL 

OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, 

AS TITLE III REPRESENTATIVE OF THE DEBTOR, THE EMPLOYEES 

RETIREMENT SYSTEM OF THE GOVERNMENT OF PUERTO RICO, 

FOR THE PERIOD JUNE 1, 2021 THROUGH OCTOBER 31, 2021 

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number 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) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17-BK3567-LTS) (Last Four Digits of Federal Tax ID: 3808); (iv) 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); (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-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are 

listed as Bankruptcy Case numbers due to software limitations). 

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Upon the application (the “Application”) 2 of Proskauer Rose LLP (“Proskauer”) as 

attorneys for the Financial Oversight and Management Board for Puerto Rico (the “Oversight 

Board”) acting as Title III representative of the Employees Retirement System of the 

Government of Puerto Rico (the “Debtor”) under section 315(b) of the Puerto Rico Oversight, 

Management, and Economic Stability Act (“PROMESA”),3 seeking, pursuant to (a) PROMESA 

sections 316 and 317, (b) Rule 2016 of the Federal Rules of Bankruptcy Procedure, (c) Local 

Rule 2016–1, (d) the United States Trustee Guidelines for Reviewing Applications for 

Compensation and Reimbursement of Expenses Filed under 11 U.S.C. § 330 by Attorneys in 

Larger Chapter 11 Cases issued by the Executive Office for the United States Trustee, 28 CFR 

Part 58, Appendix B, and (e) this Court’s Third Amended Order Setting Procedures for Interim 

and Final Compensation and Reimbursement of Expenses of Professionals [ECF No. 20546], 

allowance of interim compensation for professional services rendered by Proskauer for the 

period commencing June 1, 2021 through and including October 31, 2021 in the amount of 

$22,109.20, and reimbursement of its actual and necessary expenses in the amount of $29,334.62

incurred during the Compensation Period; and, this Court having determined that the legal and 

factual bases set forth in the Application establish just cause for the relief granted herein; and 

after due deliberation and sufficient cause appearing therefore, it is hereby ORDERED that: 

1. The Application is GRANTED as set forth herein. 

2. Compensation to Proskauer for professional services rendered during the 

Compensation Period is allowed on an interim basis in the amount of $22,109.20. 

3. Reimbursement to Proskauer for expenses incurred during the Compensation 

Period is allowed on an interim basis in the amount of $29,334.62. 

2

 Capitalized terms not defined in this order will have the meanings ascribed to them in the Application. 

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4. The Debtor is authorized and directed to pay Proskauer all fees and expenses 

allowed pursuant to this order within fifteen (15) days of the entry of this order, including those 

that were previously held back pursuant to the Interim Compensation Order, less any amounts 

previously paid for such fees and expenses under the terms of the Interim Compensation Order. 

5. The compensation for professional services rendered and reimbursement of actual 

and necessary expenses incurred allowed pursuant to this order is without prejudice to 

Proskauer’s right to seek additional compensation for services performed and expenses incurred 

during the Compensation Period, which were not processed at the time of the Application or 

which represent the incremental fees identified in the Summary Sheets. 

6. The Debtor is authorized to take all actions necessary to effectuate the relief 

granted pursuant to this order in accordance with the Application. 

Dated: , 2023 

 San Juan, Puerto Rico 

 

Honorable Laura Taylor Swain 

United States District Judge 

3

 PROMESA has been codified in 48 U.S.C. §§ 2101-2241. 

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