Proposed Order 

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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)

ORDER APPROVING 

FIFTEENTH INTERIM FEE APPLICATION OF PROSKAUER 

ROSE LLP FOR COMPENSATION FOR SERVICES RENDERED AND 

REIMBURSEMENT OF EXPENSES INCURRED AS ATTORNEYS FORTHE 

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 

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 Commonwealth 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 

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). 

2

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

3

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

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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 February 1, 2022 through and including March 

15, 2022 in the amount of $5,024,011.40, and reimbursement of its actual and necessary expenses 

in the amount of $352,150.68 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 $5,024,011.40. 

3. Reimbursement to Proskauer for expenses incurred during the Compensation 

Period is allowed on an interim basis in the amount of $352,150.68. 

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 

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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 

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