180307 ORD RE FIRST INTERIM FEE PERIOD VERSION MARCH 7, 2018 1 

UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

 

In re 

) 

) 

PROMESA 

Title III 

 ) 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

) 

) 

) 

) 

No. 17 BK 3283-LTS 

(Jointly Administered) 

As a representative of ) 

) 

) 

THE COMMONWEALTH OF PUERTO RICO et al., 

Debtors.1

) 

) 

) 

 ) 

OMNIBUS ORDER AWARDING INTERIM ALLOWANCE OF COMPENSATION FOR 

PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES 

FOR THE FIRST INTERIM COMPENSATION PERIOD 

FROM MAY 3 THROUGH SEPTEMBER 30, 2017 

This matter coming before the Court on the interim fee applications (together Dkt. 

Nos. 2036, 2061, 2149, 2135, 2146, 2077, 2062, 2063, 2064, 2065, 2096, 241 [17-3566], 246 

[17-3284], 356 [17-3567], 2112, 2111, 2097, 2032, 2099, 2038, 2031, 2040, 2070, 2079, 2041, 

2050, 2048, 2049, 2051, 2071, 2105, 2052, 2042, and 2574, the (“Applications”)) indicated as 

“Recommended for Approval” on the attached Exhibit A, pursuant to sections 316 and 317 of 

the Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA), Pub. L. 

 

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); and, (v) Puerto Rico 

Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal 

Tax ID: 3747) (Title III case numbers are listed as Bankruptcy Case numbers due to software limitations). 

Case:17-03283-LTS Doc#:2685 Filed:03/07/18 Entered:03/07/18 13:18:19 Desc: Main

Document Page 1 of 6
180307 ORD RE FIRST INTERIM FEE PERIOD VERSION MARCH 7, 2018 2 

No. 114-187, §§ 316, 317, 130 Stat., 549, 584-85 (2016), and Rule 2016 of the Local Rules of 

Bankruptcy Practice and Procedure of the U.S. Bankruptcy Court for the District of Puerto Rico, 

for the interim allowance of certain fees, including—except as indicated on Exhibit A—all 

holdbacks and expenses incurred by the Applicants for the specific period of time set forth in 

each of the Applications (the “Compensation Period”); filed in accordance with the Order 

Setting Procedures for Interim Compensation and Reimbursement of Expenses for Professionals 

[Dkt. No. 1150] (the “Interim Compensation Order”); the First Amended Order Setting 

Procedures of Interim Compensation and Reimbursement of Expenses of Professionals [Dkt. 

No. 1715] (the “First Amended Interim Compensation Order”); and the Order Pursuant to 

PROMESA Sections 316 and 317 and Bankruptcy Code Section 105(A) Appointing a Fee 

Examiner and Related Relief (Dkt. No. 1416) (the “Fee Examiner Order”) ; and the Court 

having reviewed the Applications and/or the omnibus report filed by the Fee Examiner with 

respect to the Applications (see Dkt. No. 2645); and the Court finding that: (a) the Court has 

jurisdiction over this matter pursuant to PROMESA section 306(a); and (b) notice of the 

Applications and the hearing thereon being adequate under the circumstances; and (c) all parties 

with notice of the Applications having been afforded the opportunity to be heard on the 

Applications, and no objections having been filed; now therefore 

IT IS HEREBY ORDERED THAT: 

1. The Applications are GRANTED on an interim basis, to the extent set forth on the 

attached Exhibit A. 

2. Each of the Applicants is allowed (a) interim compensation for services rendered 

during the Compensation Period and (b) interim reimbursement for actual and necessary 

Case:17-03283-LTS Doc#:2685 Filed:03/07/18 Entered:03/07/18 13:18:19 Desc: Main

Document Page 2 of 6
180307 ORD RE FIRST INTERIM FEE PERIOD VERSION MARCH 7, 2018 3 

expenses incurred during the Compensation Period, each in the respective amounts set forth on 

the attached Exhibit A, including, except as otherwise indicated, any and all holdbacks. 

3. To the extent not already paid pursuant to the Interim Compensation Order, the 

Debtors are hereby authorized and directed to pay, except as otherwise indicated on Exhibit A, 

each of the Applicants 100 percent of the fees and 100 percent of the expenses listed on 

Exhibit A under the columns “Interim Fees Recommended for Approval” and “Interim Expenses 

Recommended for Approval,” respectively, for services rendered and expenses incurred during 

the Compensation Period. 

4. Pursuant to the Fee Examiner’s report, the first interim fee applications of 

Proskauer Rose LLP, ONeill & Borges LLC, McKinsey & Company, Inc., Andrew Wolfe, and 

Ankura Consulting Group, LLC, [Dkt. Nos. 2068, 2043, 2045, 2053, 2066, 2075, 2073, 2259, 

2148, 2142] are hereby adjourned for consideration at the April 25, 2018 omnibus hearing. 

SO ORDERED. 

Dated: March 7, 2018 

 /s/ Laura Taylor Swain 

 LAURA TAYLOR SWAIN

 United States District Judge 

Case:17-03283-LTS Doc#:2685 Filed:03/07/18 Entered:03/07/18 13:18:19 Desc: Main

Document Page 3 of 6
In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Applicant Compensation Period Interim Fees Requested 

 Fee Examiner's 

Recommended 

Fee 

Adjustments 

 Interim 

Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Voluntary 

Discounts

R

1 Ernst & Young LLP [Dkt. No. 2036] 5/3/2017 - 9/30/2017 1,169,699.80 $ 33,230.32 $ 4,910.69 $ 839.80 $ yes 

$ 

2 Deloitte Financial Advisory Services LLP [Dkt. No. 2061 & 2149] 5/3/2017 - 9/30/2017 6,647,370.29 $ 46,329.31 $ 441,830.04 $ 9,309.35 $ yes 

$ 

3 Cancio, Nadal, Rivera & Diaz, PSC [Dkt. No. 2135] 7/1/2017 - 9/30/2017 220,295.00 $ - $ 701.27 $ - $ - 

$ 

4 Luskin Stern & Eisler LLP [Dkt. No. 2077] 5/3/2017 - 9/30/2017 324,975.50 $ 16,628.43 $ 2,172.59 $ 71.95 $ - 

$ 

5-a O'Melveny & Myers LLP [Dkt. No. 2062] 5/3/2017 - 9/30/2017 9,990,147.15 $ 262,924.65 $ FN1 $ 11,037.76 184,126.63 $ FN2 yes 

$ 

5-b O'Melveny & Myers LLP [Dkt. No. 2063] 5/5/2017 - 9/30/2017 2,782,774.28 $ 48,206.98 $ yes 

$ 

5-c O'Melveny & Myers LLP [Dkt. No. 2064] 5/21/2017 - 9/30/2017 1,272,965.00 $ 19,854.00 $ yes 

$ 

5-d O'Melveny & Myers LLP [Dkt. No. 2065] 5/21/2017 - 9/30/2017 2,028,863.49 $ 67,533.13 $ yes 

$ 

6-a Law Offices of Andres W. Lopez, PSC [Dkt. No. 2096] 5/3/2017 - 9/30/2017 59,360.00 $ - $ 200.00 $ - $ - 

$ 

6-b Law Offices of Andres W. Lopez, PSC [Dkt. No. 246 17- 3284] 5/5/2017 - 9/30/2017 15,890.00 $ - $ - $ - $ - 

$ 

6-c Law Offices of Andres W. Lopez, PSC [Dkt. No. 241 17- 3566] 5/21/2017 - 9/30/2017 5,425.00 $ - $ - $ - $ - 

$ 

6-d Law Offices of Andres W. Lopez, PSC [Dkt. No. 356 17- 3567] 5/21/2017 - 9/30/2017 24,080.00 $ - $ - $ - $ - 

$ 

7-a Greenberg Traurig, LLP [Dkt. No. 2112] 7/2/2017 - 9/30/2017 2,037,466.72 $ 29,705.05 $ 23,832.82 $ 6,285.81 $ yes 

$ 

7-b Greenberg Traurig, LLP [Dkt. No. 2111] 7/2/2017 - 9/30/2017 1,356,635.10 $ 29,705.06 $ 57,025.81 $ 6,285.81 $ yes 

$ 

8 Bettina M. Whyte [Dkt. No. 2097] 8/3/2017 - 9/30/2017 264,460.00 $ 15,273.50 $ FN3 $ 4,615.70 21,392.86 $ FN4 - 

$ 

9 Klee, Tuchin, Bogdanoff & Stern LLP [Dkt. No. 2099] 7/31/2017 - 9/30/2017 592,705.00 $ 40,509.85 $ FN5 $ 935.22 11,133.88 $ - 

$ 

10 Nilda M. Navarro-Cabrer [Dkt. No. 2038] 8/16/2017 - 9/30/2017 35,962.50 $ - $ 431.50 $ - $ - 

$ 

11 Willkie Farr & Gallagher LLP [Dkt. No. 2031] 8/3/2017 - 9/30/2017 4,661,711.75 $ 239,719.34 $ FN6 $ 75,026.77 158,974.01 $ FN7,8 yes 

$ 

12 Paul Hastings LLP [Dkt. No. 2040] 6/26/2017 - 9/30/2017 $ 9,345,478.50 $ 80,766.01 FN9 $ 133,270.22 $ 21,926.16 yes $ 

First Interim Fee Period Uncontested Fees

Puerto Rico Counsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority - ERS docketFinancial Advisors to Debtors Financial Advisors to Debtors Puerto Rico Bankruptcy Counsel to PREPASpecial Counsel to DebtorsCounsel to the Puerto Rico Fiscal Agency and Financial Advisory AuthorityCounsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority - COFINACounsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority - ERSCounsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority - HTAPuerto Rico Counsel to the Puerto Rico Fiscal Agency and Financial Advisory AuthorityPuerto Rico Counsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority - COFINA docketPuerto Rico Counsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority - HTA docketBankruptcy Counsel to the Puerto Rico Fiscal Agency and Financial Advisory Authority, as fiscal agent for PREPABankruptcy Counsel to PREPACOFINA AgentSpecial Municipal Bankruptcy Counsel to COFINA AgentPuerto Rico Counsel to COFINA AgentBankruptcy Counsel to COFINA AgentBankruptcy Counsel to the Official Committee of Unsecured CreditorsPuerto Rico Counsel to the Official Committee of Unsecured Creditors

 18586502.2 

Case:17-03283-LTS Doc#:2685 Filed:03/07/18 Entered:03/07/18 13:18:19 Desc: 

Document Page 4 of 6
In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Applicant Compensation Period Interim Fees Requested 

 Fee Examiner's 

Recommended 

Fee 

Adjustments 

 Interim 

Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Voluntary 

Discounts

R

First Interim Fee Period Uncontested Fees

13 O'Neill & Gilmore Law Office LLC [Dkt. No. 2070] 5/3/2017 - 9/30/2017 43,510.50 $ 2,445.00 $ 4,969.54 $ - $ yes 

$ 

14 Casillas, Santiago & Torres, LLC [Dkt. No. 2079] 7/21/2017 - 8/31/2017 169,523.00 $ (3,917.00) $ 6,320.62 $ - $ - 

$ 

15 Zolfo Cooper, LLC [Dkt. No. 2041] 6/27/2017 - 9/30/2017 2,641,266.75 $ 55,092.08 $ FN10 $ 2,424.39 38,372.69 $ yes 

$ 

16 Jenner & Block LLP [Dkt. No. 2050] 6/16/2017 - 9/30/2017 2,051,975.37 $ 20,979.25 $ 60,916.21 $ 430.50 $ yes 

$ 

17 Marchand ICS Group [Dkt. No. 2048] 7/21/2017 - 9/30/2017 11,946.50 $ - $ 497.88 $ - $ - 

$ 

18 Segal Consulting [Dkt. No. 2049] 6/27/2017 - 9/30/2017 223,475.00 $ - $ 5,305.47 $ - $ - 

$ 

19 FTI Consulting, Inc. [Dkt. No. 2051] 6/27/2017 - 9/30/2017 660,431.00 $ 2,185.00 $ 5,298.34 $ 225.99 $ - 

$ 

20 Phoenix Management Services, LLC [Dkt. No. 2071] 8/4/2017 - 10/1/2017 774,101.00 $ 3,618.75 $ 28,561.25 $ 1,258.80 $ - 

$ 

21 Retiree Committee Members [Dkt. No. 2052] 6/15/2017 - 9/30/2017 - $ 1,052.94 $ FN11 - 

$ 

22 Drivetrain, LLC [Dkt. No. 2042] 6/15/2017 - 9/30/2017 - $ 3,135.54 $ - $ - 

$ 

Pension Consultant to FOMB

23 Pension Trustee Advisors, Inc. [Dkt. No. 2574] 7/29/2017 - 9/30/2017 28,901.25 $ 3,824.63 $ 4,214.88 $ 3,496.54 $ - 

$ 

Sub-Totals $ 879,019.23 49,441,395.45 $ 1,334,241.79 $ 144,170.55 $ 

$ 

FN11 - Of this amount, $128.59 has been deferred for consideration in connection with the second interim fee period.FN6 - These recommended adjustments do not include $299,854. 20 in fees incurred prior to the appointment of the COFINA Agent on which, as discussed at pages 14 and 15 of the Fee Examiner's report, the Fee Examiner has 

the Court.FN7 - These recommended adjustments do not include $11,526.89 in expenses incurred prior to the appointment of the COFINA Agent on which, as discussed at pages 14 and 15 of the Fee Examiner's report, the Fee Examiner h

the Court.FN8 - These recommended adjustments are without prejudice to the professional's rigt to re-submit certain expenses with complete documentation for re-evaluation in a subsequent fee period.

FN10 - The Fee Examiner recommends that the stipulated fee reductions identified on this Exhibit, other than $1,496.00 for identified and acknowledged billing errors, be included with the agreed overall 20 percent reduction in 

of its final fee application. To the extent not already paid pursuant to the Interim Compensation Order, the Debtors are authorized and directed to pay Zolfo Cooper, LLC 80 percent of fees in the amount of $2,639,770.75 (i.e., $

rendered during the Compensation Period.FN9 - The Fee Examiner recommends that the stipulated fee reductions identified on this Exhibit, other than $13,507.00 for identified and acknowledged billing errors, be included within the agreed overall 20 percent reduction part of its final fee application. To the extent not already paid pursuant to the Interim Compensation Order, the Debtors are authorized and directed to pay Paul Hastings LLP 80 percent of fees in the amount of $9,331,971.50 (i

services rendered during the Compensation Period.FN1 - These recommended adjustments do not include $218,152.35 in pre-petition fees on which, as discussed at pages 14 and 15 of the Fee Examiner's report, the Fee Examiner has reserved his rights and seeks guidance from FN2 -These recommended adjustments do not include $18,410.00 in expense subject to further verification.FN3 - These recommended adjustments do not include $41,130 in fees incurred prior to the appointment of the COFINA Agent on which, as discussed at pages 14 and 15 of the Fee Examiner's report, the Fee Examiner has reser

Court.FN4 - These recommended adjustments do not include $5,102.57 in expenses incurred prior to the appointment of the COFINA Agent on which, as discssed at pages 14 and 15 of the Fee Examiner's report, the Fee Examiner has 

the Court.FN5 - These recommended adjustments do not include $66,578.50 in fees incurred prior to the appointment of the COFINA Agent on which, as discussed at pages 14 and 15 of the Fee Examiner's report, the Fee Examiner has re

Court.

Actuaries and Consultants to the Official Committee of Retired EmployeesFinancial Advisor to Official Committee of Unsecured CreditorsPuerto Rico Counsel to the Official Committee of Unsecured CreditorsFinancial Advisor to the Official Committee of Retired EmployeesFinancial Advisor to the Mediation TeamMembers of the Official Committee of Retired EmployeesMember of the Official Committee of Unsecured CreditorsBankruptcy Counsel to the Official Committee of Retired EmployeesInformation Agent for the Official Committee of Retired Employees

 18586502.2 

Case:17-03283-LTS Doc#:2685 Filed:03/07/18 Entered:03/07/18 13:18:19 Desc: 

Document Page 5 of 6
In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

First Interim Fee Period Unresolved

Applicant Compensation Period Interim Fees Requested 

 Fee Examiner's 

Recommended 

Fee 

Adjustments 

 Interim 

Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Voluntary 

Discounts

 Interim Fees 

Recommended fo

Approval 

1-a Proskauer Rose LLP [Dkt. No. 2068] 5/3/2017 - 9/30/2017 7,075,033.00 $ 233,148.09 $ yes deferre

1-b Proskauer Rose LLP [Dkt. No. 2043] 5/5/2017 - 9/30/2017 1,672,746.00 $ 16,605.84 $ yes deferre

1-c Proskauer Rose LLP [Dkt. No. 2045] 5/21/2017 - 9/30/2017 1,586,156.00 $ 24,131.76 $ yes deferre

1-d Proskauer Rose LLP [Dkt. No. 2053] 7/2/2017 - 9/30/2017 1,099,888.00 $ 67,275.25 $ yes deferre

1-e Proskauer Rose LLP [Dkt. No. 2066] 5/21/2017 - 9/30/2017 4,483,783.00 $ 154,512.19 $ yes deferre

2 O'Neill & Borges LLC [Dkt. No. 2075] 5/3/2017 - 9/30/2017 289,691.55 $ 20,863.50 $ yes deferre

3 McKinsey & Company, Inc. [Dkt. No.2073] 5/3/2017 - 9/30/2017 5,120,000.00 $ - $ - deferre

4 Andrew Wolfe [Dkt. No. 2259] 8/1/2017 - 9/30/2017 50,000.00 $ 7,526.14 $ - deferre

5-a Ankura Consulting Group, LLC [Dkt. No. 2148] 6/1/2017 - 9/30/2017 1,961,754.00 $ 63,804.29 $ - deferre

Financial Advisors to PREPA

5-b Ankura Consulting Group, LLC [Dkt. No. 2142] 7/2/2017 - 9/30/2017 2,260,252.50 $ 129,303.57 $ - deferre

Sub-Totals Unresolved 25,599,304.05 $ - $ 717,170.63 $ - $ - $ 

Sub-Totals Uncontested 49,441,395.45 $ 879,019.23 $ 1,334,241.79 $ 144,170.55 $ 48,562,376.2

$ 

Grand Totals $ 879,019.23 75,040,699.50 $ 2,051,412.42 $ 144,170.55 $ 48,562,376.2

$ 

Financial Advisors to the Puerto Rico Fiscal Agency and Financial Advisory Authority

Strategic Consultants to DebtorsIndependent Contractor to DebtorsBankruptcy Counsel to Debtors Bankruptcy Counsel to Debtors COFINABankruptcy Counsel to Debtors ERSBankruptcy Counsel to Debtors PREPABankruptcy Counsel to Debtors HTABankruptcy Counsel to Debtors

 18586502.2 

Case:17-03283-LTS Doc#:2685 Filed:03/07/18 Entered:03/07/18 13:18:19 Desc: 

Document Page 6 of 6