Exhibit A 

Certification under Guidelines 

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Exhibit A Page 1 of 5
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) 

CERTIFICATION UNDER GUIDELINES 

FOR FEES AND DISBURSEMENTS FOR PROFESSIONALS 

IN RESPECT OF THE 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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2 

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 

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

Government 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 thirteenth interim application for allowance of compensation for 

services rendered and reimbursement of expenses incurred with respect to the Debtor’s Title III 

case, dated March 31, 2023 (the “Application”),3 for the period from June 1, 2021, through and 

including October 31, 2021 (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; 

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 

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 

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: March 31, 2023 

 San Juan, Puerto Rico 

Respectfully submitted, 

/s/ Ehud Barak 

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 

4 Proskauer also employs e-discovery attorneys who are billed at $421 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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4 

Fax: (212) 969-2900 

Email: mbienenstock@proskauer.com 

 ppossinger@proskauer.com 

 ebarak@proskauer.com 

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Exhibit A Page 5 of 5