Exhibit A 

Certification under Guidelines

Case:17-03283-LTS Doc#:24597-1 Filed:06/16/23 Entered:06/16/23 16:33:41 Desc:

Exhibit A Page 1 of 4
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)

CERTIFICATION UNDER GUIDELINES 

FOR FEES AND DISBURSEMENTS FOR PROFESSIONALS 

IN RESPECT OF THE FIFTEENTH 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 COMMONWEALTH OF PUERTO RICO, FOR THE PERIOD 

FEBRUARY 1, 2022 THROUGH MARCH 15, 2022 

Pursuant to (a) 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 (the “Guidelines”), together with the Local Rule 2016–1, and (b) the order 

dated June 26, 2019 [ECF No. 7678], the undersigned, a Partner of the firm Proskauer Rose LLP 

(“Proskauer”), attorneys for the Financial Oversight and Management Board for Puerto Rico (the 

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-BK-3567-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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2

“Oversight Board”) as Title III representative of the Commonwealth of Puerto Rico (the “Debtor”), 

pursuant to section 315(b) of the Puerto Rico Oversight, Management, and Economic Stability Act

(“PROMESA”),2 hereby certifies with respect to (a) Proskauer’s fifteenth interim application for 

allowance of compensation for services rendered and reimbursement of expenses incurred with 

respect to the Debtor’s Title III case, dated June 16, 2023 (the “Application”),3 for the period from 

February 1, 2022 through and including March 15, 2022 (the “Compensation Period”) and (b) the 

Court’s order dated June 26, 2019 [ECF No. 7678] requiring rate notices as follows: 

1. I am the professional designated by Proskauer in respect of compliance with the 

Guidelines and Local Rule 2016–1. 

2. I make this certification in support of the Application for interim compensation and 

reimbursement of expenses incurred during the Compensation Period in accordance with the 

Guidelines and Local Rule 2016–1. 

3. In respect of the Guidelines and Local Rule 2016–1, I certify that: 

a. I have read the Application; 

b. to the best of my knowledge, information, and belief formed after reasonable 

inquiry, the fees and disbursements sought fall within the Guidelines; 

c. except to the extent (i) that fees or disbursements are prohibited by the 

Guidelines or (ii) Proskauer agreed to provide discounts to its usual rates in 

connection with its representation of the Oversight Board, the fees and 

disbursements sought are billed at rates in accordance with practices 

2

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

3

 Capitalized terms used but not defined herein have the meanings given to them in the Application. 

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3

customarily employed by Proskauer and generally accepted by Proskauer’s 

clients; and 

d. in providing a reimbursable service, Proskauer does not make a profit on that 

service, where the service is performed by Proskauer in house or through a third 

party.4

4. I certify that Proskauer has previously provided monthly statements of Proskauer’s 

fees and disbursements by filing and serving monthly statements in accordance with the Interim 

Compensation Order (as defined in the Application), except that completing reasonable and 

necessary internal accounting and review procedures may have, at times, precluded filing fee 

statements within the time periods specified in the Interim Compensation Order. 

Dated: June 16, 2023 

 San Juan, Puerto Rico 

Respectfully submitted, 

/s/ Ehud Barak k 

Martin J. Bienenstock (pro hac vice) 

Paul V. Possinger (pro hac vice) 

Ehud Barak (pro hac vice) 

PROSKAUER ROSE LLP 

Eleven Times Square 

New York, NY 10036 

Tel: (212) 969-3000 

Fax: (212) 969-2900 

Email: mbienenstock@proskauer.com 

 ppossinger@proskauer.com 

 ebarak@proskauer.com 

4

 Proskauer also employs e-discovery attorneys who are billed at $438 per hour. Like other attorneys, and consistent 

with past Compensation Periods, e-discovery attorneys are billed at a flat hourly rate and these fees are not treated 

as reimbursable third party expenses. 

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