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-FOURTH 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 

OCTOBER 1, 2021 THROUGH OCTOBER 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 1 of 49
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: October 1, 2021 through October 31, 2021

Amount of compensation sought as actual, 

reasonable and necessary: 

$90.90

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $90.90

This is a: X monthly ___ interim ___ final application

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

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 2 of 49
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for October 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 3 of 49
On April 13, 2022 sent to: 

Jenner & Block LLP

919 Third Ave

New York NY 10022 

Attn: Robert Gordon, Esq., rgordon@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, 12

th 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 4 of 49
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Ubaldo Fernandez Jr. Member Litigation 230.00 0.30 69.00 

Vanessa Sanchez Paralegal Litigation 160.00 0.20 32.00 

Totals 0.50 $ 101.00

Less: 10% Courtesy discount $ (10.10)

$ 90.90

Totals

SUMMARY OF DISBURSEMENTS $ -

$ -

 ERS TITLE III 

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

SUMMARY OF LEGAL FEES

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

Description - Expenses Amounts

 ERS TITLE III 

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

224 Fee Application - O&B 0.50 101.00

$ 101.00

Less: 10% Courtesy discount $ (10.10)

TOTALS 0.50 $ 90.90

 ERS TITLE III 

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

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 5 of 49
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 $81.81, and reimbursement of one-hundred percent 

(100%) of expenses incurred, in the amount of $0.00) in the total amount of $81.81. 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 6 of 49
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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 7 of 49
Exhibit A

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 8 of 49
 November 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 9 of 49
 November 4, 2021

FOMB IN RE ERS TITLE III Bill #: 404280

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

October 31, 2021:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 101.00

Less Discount $ -10.10 

Net Professional Services $ 90.90

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 90.90 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 10 of 49
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

10/21/21 UMF 224 Draft fifty-second monthly fee statement of O&B for 

August 2021 in the Title III case of ERS.

.30 230.00 69.00

10/21/21 VSN 224 As required by U. Fernandez, prepare exhibits for the 

O&B fifty-second monthly fee application in the ERS 

Title III case for attorney review.

.20 160.00 32.00

 TOTAL PROFESSIONAL SERVICES $ 101.00 

Less Discount $ -10.10 

 NET PROFESSIONAL SERVICES: $ 90.90 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

UBALDO M. FERNANDEZ BARRERA .30 230.00 69.00

VANESSA SANCHEZ .20 160.00 32.00

Total .50 $ 101.00

TOTAL THIS INVOICE $ 90.90 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 11 of 49
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-FIFTH 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 

NOVEMBER 1, 2021 THROUGH NOVEMBER 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 12 of 49
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: November 1, 2021 through November 30, 

2021

Amount of compensation sought as actual, 

reasonable and necessary: 

$852.75

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $852.75

This is a: X monthly ___ interim ___ final application

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

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 13 of 49
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for November 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 14 of 49
On April 13, 2022 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

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.

Edificio 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., rgordon@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, 12

th 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 15 of 49
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Paula Gonzalez Montalvo Associate Litigation 190.00 1.60 304.00 

Gabriel Miranda Rivera Associate Litigation 195.00 3.30 643.50 

Totals 4.90 $ 947.50

Less: 10% Courtesy discount $ (94.75)

$ 852.75

SUMMARY OF DISBURSEMENTS $ -

 ERS TITLE III 

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

SUMMARY OF LEGAL FEES

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

Description - Expenses Amounts

 ERS TITLE III 

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

206 Documents Filed on Behalf of the Board 4.00 772.00 

215 Plan of Adjustment and Disclosure Statement 0.90 175.50

$ 947.50

Less: 10% Courtesy discount $ (94.75)

TOTALS 4.90 $ 852.75

 ERS TITLE III 

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

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 16 of 49
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 $767.48, and reimbursement of one-hundred 

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

of $767.48.

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 17 of 49
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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 18 of 49
Exhibit A

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 19 of 49
 November 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 20 of 49
 November 30, 2021

FOMB IN RE ERS TITLE III Bill #: 406175

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

November 30, 2021:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 947.50

Less Discount $ -94.75 

Net Professional Services $ 852.75

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 852.75 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 21 of 49
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

11/03/21 GMR 206 File the Eighth Amended Title III Joint Plan of 

Adjustment of the Commonwealth of Puerto Rico, et 

al., through the court's electronic filing system in Case 

No. 17-3566.

.20 195.00 39.00

11/03/21 GMR 206 File the Notice of Filing of Eight Amended Title III 

Joint Plan of Adjustment of the Commonwealth of 

Puerto Rico, et al., through the court's electronic filing 

system in Case No. 17-3566.

.20 195.00 39.00

11/03/21 GMR 215 Review redline of the Seventh and Eighth Plan of 

Adjustment of the Commonwealth, et al.

.90 195.00 175.50

11/03/21 GMR 206 File the Revised Proposed Order and Judgment 

Confirming Eighth Amended Title III Joint Plan of 

Adjustment of the Commonwealth of Puerto Rico, et 

al., through the Court's electronic filing system in Case 

No. 17-3566.

.20 195.00 39.00

11/03/21 GMR 206 File the Notice of Submission of Amended Plan 

Supplement and Plan Related Documents by the 

Commonwealth of Puerto Rico, et al., through the 

court's electronic filing system, in Case No. 17-3566.

.30 195.00 58.50

11/07/21 GMR 206 File the Modifications to Eighth Amended Title III 

Joint Plan of Adjustment of the Commonwealth of 

Puerto Rico, et al., through the court's electronic filing 

system, in case no. 17-3566.

.20 195.00 39.00

11/07/21 GMR 206 File the Modified Eighth Amended Title III Joint Plan 

of Adjustment of the Commonwealth of Puerto Rico, et 

al., through the court's electronic filing system, in case 

no. 17-3566.

.20 195.00 39.00

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 22 of 49
 O'Neill & Borges LLC

Bill #: 406175 November 30, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

11/07/21 GMR 206 File the Notice of Filing of Modified Eighth Amended 

Title III Joint Plan of Adjustment of the 

Commonwealth of Puerto Rico, et al., through the 

court's electronic filing system in Case No. 17-3566.

.20 195.00 39.00

11/07/21 GMR 206 File the Notice of Filing of Revised Proposed Order 

and Judgment Confirming Modified Eighth Amended 

Title III Joint Plan of Adjustment of the 

Commonwealth of Puerto Rico, et al., through the 

court's electronic filing system in Case No. 17-3566.

.20 195.00 39.00

11/15/21 GMR 206 Review the Tenth 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 for Puerto Rico as Representative 

of the Employee Retirement System of the Government 

of the Commonwealth of Puerto Rico From June 1, 

2021 Through September 30, 2021,in anticipation to its 

filing.

.20 195.00 39.00

11/15/21 GMR 206 Review the Notice of Filing of Tenth 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 for Puerto 

Rico as Representative of the Employee Retirement 

System of the Government of the Commonwealth of 

Puerto Rico From June 1, 2021 Through September 30, 

2021,in anticipation to its filing.

.10 195.00 19.50

11/15/21 GMR 206 File the Notice of Filing of Tenth 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 for Puerto 

Rico as Representative of the Employee Retirement 

System of the Government of the Commonwealth of 

Puerto Rico From June 1, 2021 Through September 30, 

2021, through the court's electronic filing system in 

Case No. 17-3566.

.20 195.00 39.00

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 23 of 49
 O'Neill & Borges LLC

Bill #: 406175 November 30, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

3

11/15/21 GMR 206 File the Tenth 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 for Puerto Rico as Representative 

of the Employee Retirement System of the Government 

of the Commonwealth of Puerto Rico From June 1, 

2021 Through September 30, 2021, through the court's 

electronic filing system in Case No. 17-3566.

.20 195.00 39.00

11/21/21 PAG 206 Review the Modified Eighth Amended Title III Joint 

Plan of Adjustment of the Commonwealth of Puerto 

Rico, et al. in anticipation of its filing at 17 BK 3566-

LTS, docket no. 1265.

.20 190.00 38.00

11/21/21 PAG 206 File the Modified Eighth Amended Title III Joint Plan 

of Adjustment of the Commonwealth of Puerto Rico, et 

al. at 17 BK 3566-LTS, docket no. 1265.

.20 190.00 38.00

11/21/21 PAG 206 Review the Notice of Filing of Modified Eighth 

Amended Title III Joint Plan of Adjustment of the 

Commonwealth of Puerto Rico, et al. in anticipation of 

its filing at 17 BK 3566-LTS, docket no. 1266.

.20 190.00 38.00

11/21/21 PAG 206 File the Notice of Filing of Modified Eighth Amended 

Title III Joint Plan of Adjustment of the 

Commonwealth of Puerto Rico, et al. at 17 BK 3566-

LTS, docket no. 1266.

.20 190.00 38.00

11/21/21 PAG 206 Review the Notice of Filing of Revised Proposed Order 

and Judgment Confirming Modified Eighth Amended 

Title III Joint Plan of Adjustment of the 

Commonwealth of Puerto Rico, et al. in anticipation of 

its filing at 17 BK 3566-LTS, docket no. 1267.

.20 190.00 38.00

11/21/21 PAG 206 File the Notice of Filing of Revised Proposed Order 

and Judgment Confirming Modified Eighth Amended 

Title III Joint Plan of Adjustment of the 

Commonwealth of Puerto Rico, et al. at 17 BK 3566-

LTS, docket no. 1267.

.20 190.00 38.00

11/21/21 PAG 206 Review the Notice of Submission of Second Amended 

Plan Supplement and Plan Related Documents by the 

Commonwealth of Puerto Rico, et al. in anticipation of 

its filing at 17 BK 3566-LTS, docket no. 1268.

.20 190.00 38.00

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 24 of 49
 O'Neill & Borges LLC

Bill #: 406175 November 30, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

4

11/21/21 PAG 206 File the Notice of Submission of Second Amended 

Plan Supplement and Plan Related Documents by the 

Commonwealth of Puerto Rico, et al. at 17 BK 3566-

LTS, docket no. 1268.

.20 190.00 38.00

 TOTAL PROFESSIONAL SERVICES $ 947.50 

Less Discount $ -94.75 

 NET PROFESSIONAL SERVICES: $ 852.75 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

PAULA A. GONZALEZ MONTALVO 1.60 190.00 304.00

GABRIEL MIRANDA RIVERA 3.30 195.00 643.50

Total 4.90 $ 947.50

TOTAL THIS INVOICE $ 852.75 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 25 of 49
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-SIXTH 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 

DECEMBER 1, 2021 THROUGH DECEMBER 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 26 of 49
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: December 1, 2021 through December 31, 

2021

Amount of compensation sought as actual, 

reasonable and necessary: 

$301.50

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $301.50

This is a: X monthly ___ interim ___ final application

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

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 27 of 49
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for December 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 28 of 49
On April 13, 2022 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

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.

Edificio 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., rgordon@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, 12

th 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 29 of 49
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Ubaldo Fernandez Jr. Member Litigation 230.00 0.30 69.00 

Gabriel Miranda Rivera Associate Litigation 195.00 1.20 234.00 

Vanessa Sanchez Paralegal Litigation 160.00 0.20 32.00 

Totals 1.70 $ 335.00

Less: 10% Courtesy discount $ (33.50)

$ 301.50

SUMMARY OF DISBURSEMENTS $ -

 ERS TITLE III 

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

SUMMARY OF LEGAL FEES

Summary of Disbursements for the Period December 1 through December 31, 2021

Description - Expenses Amounts

 ERS TITLE III 

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

206 Documents Filed on Behalf of the Board 1.20 234.00 

224 Fee Application O&B 0.50 101.00

$ 335.00

Less: 10% Courtesy discount $ (33.50)

TOTALS 1.70 $ 301.50

 ERS TITLE III 

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

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 30 of 49
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 $271.35, and reimbursement of one-hundred 

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

of $271.35.

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 31 of 49
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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 32 of 49
Exhibit A

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 33 of 49
 December 31, 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 34 of 49
 December 31, 2021

FOMB IN RE ERS TITLE III Bill #: 407782

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

December 31, 2021:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 335.00

Less Discount $ -33.50 

Net Professional Services $ 301.50

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 301.50 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 35 of 49
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

12/06/21 UMF 224 Draft O&B's fifty third monthly fee statement for 

September 2021 in the Title III case of ERS.

.30 230.00 69.00

12/06/21 GMR 206 File the Notice of Filing of Revised Proposed Findings 

of Fact and Conclusions of Law in Connection with 

Confirmation of the Modified Eighth Amended Title III 

Joint Plan of Adjustment of the Commonwealth of 

Puerto Rico, et al., through the court's electronic filing 

system in Case No. 17-3566.

.20 195.00 39.00

12/07/21 VSN 224 As requested by U. Fernandez, prepare exhibits for the 

O&B fifty-third monthly fee application in the ERS 

Title III case for attorney review.

.20 160.00 32.00

12/20/21 GMR 206 File the Modified Eighth Amended Title III Joint Plan 

of Adjustment of the Commonwealth of Puerto Rico, et 

al., through the court's electronic filing system in case 

no. 17-3566.

.20 195.00 39.00

12/20/21 GMR 206 File the Notice of Filing Revised Proposed Findings of 

Fact and Conclusions of Law in Connection with 

Confirmation of the Modified Eighth Amended Title III 

Joint Plan of Adjustment of the Commonwealth of 

Puerto Rico, et al., through the court's electronic filing 

system in Case No. 17-3566.

.20 195.00 39.00

12/20/21 GMR 206 File the Notice of Filing of Modified Eighth Amended 

Title III Joint Plan of Adjustment of the 

Commonwealth of Puerto Rico, et al., through the 

court's electronic filing system in Case No. 17-3566.

.20 195.00 39.00

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 36 of 49
 O'Neill & Borges LLC

Bill #: 407782 December 31, 2021 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

12/20/21 GMR 206 File the Revised Proposed Order and Judgment 

Confirming Modified Eighth Amended Title III Joint 

Plan of Adjustment of the Commonwealth of Puerto 

Rico, et al., through the court's electronic filing system 

in case no. 17-3566.

.20 195.00 39.00

12/21/21 GMR 206 File the Supplemental Notice Regarding Limited 

Extension of Time to Object to Executory Contracts 

and Unexpired Leases to be Assumed Pursuant to Title 

III Plan of Adjustment, through the court's electronic 

filing system in Case No. 17-3566.

.20 195.00 39.00

 TOTAL PROFESSIONAL SERVICES $ 335.00 

Less Discount $ -33.50 

 NET PROFESSIONAL SERVICES: $ 301.50 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

UBALDO M. FERNANDEZ BARRERA .30 230.00 69.00

GABRIEL MIRANDA RIVERA 1.20 195.00 234.00

VANESSA SANCHEZ .20 160.00 32.00

Total 1.70 $ 335.00

TOTAL THIS INVOICE $ 301.50 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 37 of 49
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-SEVENTH 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 

JANUARY 1, 2022 THROUGH JANUARY 31, 2022

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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 38 of 49
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: January 1, 2022 through January 31, 2022

Amount of compensation sought as actual, 

reasonable and necessary: 

$118.35

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $118.35

This is a: X monthly ___ interim ___ final application

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

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 39 of 49
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for January 2022. 

/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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 40 of 49
On August 23, 2022, 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

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.

Edificio 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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 41 of 49
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Gabriel Miranda Rivera Associate Litigation 205.00 0.40 82.00 

Vanessa Sanchez Paralegal Litigation 165.00 0.30 49.50 

Totals 0.70 $ 131.50

Less: 10% Courtesy discount $ (13.15)

$ 118.35

SUMMARY OF DISBURSEMENTS $ -

 ERS TITLE III 

Summary of Legal Fees for the Period January 1 through January 31, 2022

SUMMARY OF LEGAL FEES

Summary of Disbursements for the Period January 1 through January 31, 2022

Description - Expenses Amounts

 ERS TITLE III 

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

206 Documents Filed on Behalf of the Board 0.40 82.00 

219 Docketing 0.30 49.50

$ 131.50

Less: 10% Courtesy discount $ (13.15)

TOTALS 0.70 $ 118.35

 ERS TITLE III 

Summary of Legal Fees for the Period January 1 through January 31, 2022

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 42 of 49
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 $106.52, and reimbursement of one-hundred 

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

of $106.52.

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 43 of 49
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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 44 of 49
Exhibit A

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 45 of 49
 January 31, 2022

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#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 46 of 49
 January 31, 2022

FOMB IN RE ERS TITLE III Bill #: 409327

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

January 31, 2022:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 131.50

Less Discount $ -13.15 

Net Professional Services $ 118.35

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 118.35 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 47 of 49
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

1/18/22 GMR 206 File the Urgent Consensual Motion for Extension of 

Response Deadline, through the court's electronic filing 

system in Case No. 17-3566.

.20 205.00 41.00

1/21/22 VSN 219 Docket court notice received by email dated January 20, 

2022, order Dkt. 1305, the deadline to file a reply and a 

scheduled omnibus hearing. - H. D. Bauer and U. 

Fernandez.

.10 165.00 16.50

1/25/22 GMR 206 File the Second Urgent Consensual Motion for 

Extension of Deadlines and Adjournment of Hearing, in 

Case No. 17-3566.

.20 205.00 41.00

1/27/22 VSN 219 Docket court notice received by email dated January 26, 

2022, order Dkt. 1306, the deadline to file a reply 

regarding the Cure Amount Objections. - H. D. Bauer 

and G. Miranda.

.10 165.00 16.50

1/27/22 VSN 219 Docket court notice received by email dated January 26, 

2022, order Dkt. 1307, regarding a scheduled claim 

objection hearing. - H. D. Bauer and G. Miranda.

.10 165.00 16.50

 TOTAL PROFESSIONAL SERVICES $ 131.50 

Less Discount $ -13.15 

 NET PROFESSIONAL SERVICES: $ 118.35 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

GABRIEL MIRANDA RIVERA .40 205.00 82.00

VANESSA SANCHEZ .30 165.00 49.50

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 48 of 49
 O'Neill & Borges LLC

Bill #: 409327 January 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

Total .70 $ 131.50

TOTAL THIS INVOICE $ 118.35 

Case:17-03283-LTS Doc#:22969-2 Filed:12/02/22 Entered:12/02/22 18:40:17 Desc:

Exhibit B-2 Page 49 of 49