Estimated Hearing Date: June 6, 2018 at 9:30 a.m. (Atlantic Standard Time)

Objection Deadline: April 26, 2018 at 4:00 p.m. (Atlantic Standard Time)

00540434

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

SUMMARY COVER PAGE TO THE SECOND INTERIM APPLICATION OF O’NEILL 

& BORGES LLC FOR ALLOWANCE OF COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED AS ATTORNEYS 

TO THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR 

PUERTO RICO, AS REPRESENTATIVE OF DEBTORS, FOR THE PERIOD OF 

OCTOBER 1 2017 THROUGH JANUARY 31, 2018

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 consolidated 

statement:

October 1, 2017 through January 31, 2018

Monthly Fee Statements subject to this 

request:

October, November and December of 

2017, and January, 2018

 

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 (4) Digits of Federal Tax ID: 3747). 

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 1 of 51
Total amount of compensation sought for 

legal services for this period:

$296,952.30

Total amount of expense reimbursement 

sought for this period: 

$10,003.46

Total compensation approved by interim 

order to date:

None

Total expenses approved by interim order 

to date:

None

Total compensation for legal services paid 

to date:

$66,296.06

Total expenses paid to date: $4,184.17

Total compensation subject to objection: None

Total expenses subject to objection: None

Blended rate in this application for all 

attorneys for the period of October 1, 2017 

through November 30, 2017:

$189.85

Blended rate in this application for all 

attorneys for the period of December 1, 

2017 through January 31, 2018

$198.42

Blended rate in this application for all 

timekeepers for the period of October 1, 

2017 through November 30, 2017:

$186.23

Blended rate in this application for all 

timekeepers for the period of December 1, 

2017 through January 31, 2018

$194.15

Number of professionals included in this 

application:

28

Difference between fees budgeted and 

compensation:

N/A

Number of professionals billing fewer than 

15 hours to this case:

10

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 2 of 51
Rates higher than those disclosed at 

retention:

0

Objection Deadline: April 26, 2018 at 4:00 p.m. (Atlantic 

Standard Time)

This is an: ___ monthly(consolidated) X interim ___ final application

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 3 of 51
Schedule 1

Second Interim Compensation Period - Consolidated Fee Statements

October 1, 2017 – January 31, 2018

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 4 of 51
Estimated Hearing Date: June 6, 2018 at 9:30 a.m. (Atlantic Standard Time)

Objection Deadline: April 26, 2018 at 4:00 p.m. (Atlantic Standard Time)

00540434

Entity Period

Fees requested to be 

approved for payment 

(100%)

Fees requested to be paid 

(90%) after objection 

period for monthly 

statements has expired

Expenses requested to be 

approved for payment 

(100%)*

Total Fees and Expenses 

requested to be approved 

for payment

Commonwealth of Puerto Rico

October 1, 2017 through 

January 31, 2018 $ 135,251.10 $ 121,725.99 $ 7,785.28 $ 143,036.38 

COFINA

October 1, 2017 through 

January 31, 2018 $ 12,024.45 $ 10,822.01 $ 232.35 $ 12,256.80 

HTA

October 1, 2017 through 

January 31, 2018 $ 28,388.70 $ 25,549.83 $ 323.93 $ 28,712.63 

ERS

October 1, 2017 through 

January 31, 2018 $ 4,828.05 $ 4,345.25 $ 256.60 $ 5,084.65 

PREPA

October 1, 2017 through 

January 31, 2018 $ 116,460.00 $ 104,814.00 $ 1,405.30 $ 117,865.30 

TOTALS $ 296,952.30 $ 267,257.07 $ 10,003.46 $ 306,955.76 

Consolidated Fee Statement

* O&B generally charges from $0.25 (black and white) to $0.40 (color) per page for photocopying expenses; and this is reflected in the 

submitted invoices. Nonetheless, at the request of the Fee Examiner, O&B is reducing such rates in this Second Interim Application to 

$0.10 for black and white copies.

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 5 of 51
Estimated Hearing Date: June 6, 2018 at 9:30 a.m. (Atlantic Standard Time)

Objection Deadline: April 26, 2018 at 4:00 p.m. (Atlantic Standard Time)

00540434

Schedule 2

Summary of Professional Services Rendered by 

Timekeeper for the Period October 1, 2017 through January 31, 2018

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 6 of 51
Professional Position/Title Department Hourly Billing Rate Total Billed 

Hours

Total 

Compensation

Blended 

Rate For 

Attorneys

Blended 

Rate for 

Paralegals

Carla Garcia Benitez Member Litigation 325.00 3.30 1,072.50

Carlos E. George Member Labor 245.00 7.20 1,764.00

Hermann D. Bauer Member Litigation 140.00 5.00 700.00

Hermann D. Bauer Member Litigation 280.00 199.10 55,748.00

Jerry Lucas Marrero Member Corporate 300.00 26.70 8,010.00

Pedro R. Pierluisi Member Corporate 390.00 0.20 78.00

Rosa M. Lazaro Member Corporate 335.00 3.70 1,239.50

Isis L. Perez Velez Jr. Member Corporate 240.00 27.30 6,552.00

Ubaldo M. Fernandez Jr. Member Litigation 195.00 111.30 21,703.50

Arturo Hernandez Associate Litigation 160.00 10.70 1,712.00

Christopher T. Rivera Associate Corporate 155.00 0.50 77.50

Daniel J. Perez Refojos Associate Litigation 165.00 91.50 15,097.50

Diego R. Melendez Associate Litigation 155.00 3.70 573.50

Emiliano Trigo Fritz Associate Corporate 180.00 40.80 7,344.00

Francisco G. Rodriguez Associate Corporate 170.00 8.90 1,513.00

Gabriel L. Olivera Dubon Associate Litigation 175.00 99.60 17,430.00

Joamanda Morales Associate Corporate 175.00 0.70 122.50

Jorge A. Candelaria Associate Corporate 155.00 27.20 4,216.00

Karla M. Morales Associate Corporate 155.00 8.50 1,317.50

Paula A. Gonzalez Montalvo Associate Litigation 165.00 26.20 4,323.00

Priscila M. Ramirez Segarra Associate Corporate 165.00 50.60 8,349.00

Rosangela Torres Torres Associate Labor 155.00 3.00 465.00

Laura Jimenez Davis Paralegal Litigation 130.00 1.60 208.00

Milagros Marcano Baez Paralegal Litigation 125.00 24.50 3,062.50

Olga M. Alicea Paralegal Litigation 135.00 12.60 1,701.00 $ 189.85 $ 115.62

$ 164,379.50

Less: 10% Courtesy discount $ (16,437.95)

TOTALS 794.40 $ 147,941.55 $ 189.85 $ 115.62

BLENDED RATE FOR ALL $ 186.23

Grand Summary of Legal Fees for the Period October 1, 2017 through November 30, 2017

Professional Position/Title Department Hourly Billing Rate Total Billed 

Hours

Total 

Compensation

Blended 

Rate For 

Attorneys

Blended 

Rate for 

Paralegals

Alfredo Alvarez Ibanez Member Corporate 300.00 7.70 2,310.00

Salvador Antonetti Member Litigation 300.00 2.00 600.00

Hermann D. Bauer Member Litigation 290.00 152.40 44,196.00

Carlos E. George Member Labor 245.00 8.30 2,033.50

Rosa M. Lazaro Member Corporate 340.00 3.90 1,326.00

Jerry Lucas Marrero Member Corporate 305.00 36.70 11,193.50

Pedro R. Pierluisi Member Corporate 395.00 0.30 118.50

Antonio L. Collazo Jr. Member Corporate 210.00 5.40 1,134.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation 210.00 53.70 11,277.00

Isis L. Perez Velez Jr. Member Corporate 250.00 55.10 13,775.00

Beatriz Baldit Castro Associate Corporate 165.00 33.30 5,494.50

Jorge A. Candelaria Associate Corporate 170.00 82.50 14,025.00

Paula A. Gonzalez Montalvo Associate Litigation 170.00 7.60 1,292.00

Arturo Hernandez Associate Litigation 175.00 6.70 1,172.50

Karla M. Morales Associate Corporate 170.00 3.00 510.00

Gabriel L. Olivera Dubon Associate Litigation 190.00 20.50 3,895.00

Daniel J. Perez Refojos Associate Litigation 180.00 62.20 11,196.00

Priscila M. Ramirez Segarra Associate Corporate 175.00 34.10 5,967.50

Francisco G. Rodriguez Associate Corporate 170.00 20.80 3,536.00

Emiliano Trigo Fritz Associate Corporate 200.00 100.00 20,000.00

Rosangela Torres Torres Associate Labor 160.00 25.80 4,128.00

Olga M. Alicea Paralegal Litigation 145.00 24.50 3,552.50

Milagros Marcano Baez Paralegal Litigation 135.00 21.00 2,835.00 $ 198.42 $ 126.35

$ 165,567.50

Less: 10% Courtesy discount $ (16,556.75)

TOTALS 767.50 $ 149,010.75 $ 198.42 $ 126.35

BLENDED RATE FOR ALL $ 194.15

Grand Summary of Legal Fees for the Period December 1, 2017 through January 1, 2018

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 7 of 51
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $280.00 104.90 $ 29,372.00

Hermann D. Bauer Member Litigation $140.00 5.00 $ 700.00

Carla Garcia Benitez Member Litigation $325.00 0.80 $ 260.00

Carlos E. George Member Labor $245.00 0.80 $ 196.00

Pedro R. Pierluisi Member Corporate $390.00 0.20 $ 78.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation $195.00 74.40 $ 14,508.00

Jorge A. Candelaria Associate Corporate $155.00 11.20 $ 1,736.00

Paula A. Gonzalez Montalvo Associate Litigation $165.00 11.40 $ 1,881.00

Diego R. Melendez Associate Litigation $155.00 3.70 $ 573.50

Gabriel L. Olivera Dubon Associate Litigation $175.00 31.50 $ 5,512.50

Daniel J. Perez Refojos Associate Litigation $165.00 59.50 $ 9,817.50

Priscila M. Ramirez Segarra Associate Corporate $165.00 50.60 $ 8,349.00

Christopher T. Rivera Associate Corporate $155.00 0.50 $ 77.50

Francisco G. Rodriguez Associate Corporate $170.00 8.90 $ 1,513.00

Emiliano Trigo Fritz Associate Corporate $180.00 24.30 $ 4,374.00

Olga M. Alicea Paralegal Litigation $135.00 11.10 $ 1,498.50

Milagros Marcano Baez Paralegal Litigation $125.00 15.60 $ 1,950.00

Totals 414.40 $ 82,396.50

Less: 10% Courtesy discount $ (8,239.65)

$ 74,156.85

Note: This summary includes five hours of non-working travel time for attorney Hermann D. Bauer regarding his 

trip to New York. 

COMMONWEALTH OF PR TITLE III

Summary of Legal Fees for the Period October 1, 2017 through November 30, 2017

SUMMARY OF LEGAL FEES

Professional Position/Title Department

Hourly 

Billing 

Rate

 Total 

Billed 

Hours 

Total 

Compensation

Alfredo Alvarez Ibanez Member Corporate $300.00 6.60 $ 1,980.00

Salvador Antonetti Member Litigation $300.00 2.00 $ 600.00

Hermann D. Bauer Member Litigation $290.00 76.50 $ 22,185.00

Carlos E. George Member Labor $245.00 0.80 $ 196.00

Rosa M. Lazaro Member Corporate $340.00 3.90 $ 1,326.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation $210.00 39.70 $ 8,337.00

Jorge A. Candelaria Associate Corporate $170.00 26.60 $ 4,522.00

Paula A. Gonzalez Montalvo Associate Litigation $170.00 7.10 $ 1,207.00

Gabriel L. Olivera Dubon Associate Litigation $190.00 17.10 $ 3,249.00

Daniel J. Perez Refojos Associate Litigation $180.00 33.30 $ 5,994.00

Priscila M. Ramirez Segarra Associate Corporate $175.00 25.00 $ 4,375.00

Francisco G. Rodriguez Associate Corporate $170.00 7.70 $ 1,309.00

Emiliano Trigo Fritz Associate Corporate $200.00 47.80 $ 9,560.00

Rosangela Torres Torres Associate Labor $160.00 5.60 $ 896.00

Milagros Marcano Baez Paralegal Litigation $135.00 15.90 $ 2,146.50

Totals 315.60 $ 67,882.50

Less: 10% Courtesy discount $ (6,788.25)

$ 61,094.25

COMMONWEALTH OF PR TITLE III

Summary of Legal Fees for the Period December 1, 2017 through January 31, 2018

SUMMARY OF LEGAL FEES

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 8 of 51
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $280.00 3.50 $ 980.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation $195.00 2.20 $ 429.00

Paula A. Gonzalez Montalvo Associate Litigation $165.00 7.40 $ 1,221.00

Joamanda Morales Associate Corporate $175.00 0.70 $ 122.50

Gabriel L. Olivera Dubon Associate Litigation $175.00 3.40 $ 595.00

Daniel J. Perez Refojos Associate Litigation $165.00 1.40 $ 231.00

Emiliano Trigo Fritz Associate Corporate $180.00 1.30 $ 234.00

Milagros Marcano Baez Paralegal Litigation $125.00 1.90 $ 237.50

Totals 21.80 $ 4,050.00

Less: 10% Courtesy discount $ (405.00)

SUMMARY OF LEGAL FEES $ 3,645.00

COFINA TITLE III 

Summary of Legal Fees for the Period October 1, 2017 through November 30, 2017

Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Alfredo Alvarez Ibanez Member Corporate $300.00 1.10 $ 330.00

Hermann D. Bauer Member Litigation $290.00 6.80 $ 1,972.00

Jorge A. Candelaria Associate Corporate $170.00 7.30 $ 1,241.00

Paula A. Gonzalez MontalvoAssociate Litigation $170.00 0.50 $ 85.00

Daniel J. Perez Refojos Associate Litigation $180.00 3.20 $ 576.00

Priscila M. Ramirez Segarra Associate Corporate $175.00 9.10 $ 1,592.50

Francisco G. Rodriguez Associate Corporate $170.00 9.20 $ 1,564.00

Emiliano Trigo Fritz Associate Corporate $200.00 8.30 $ 1,660.00

Olga M. Alicea Paralegal Litigation $145.00 2.00 $ 290.00

Totals 47.50 $ 9,310.50

Less: 10% Courtesy discount $ (931.05)

SUMMARY OF LEGAL FEES $ 8,379.45

COFINA TITLE III 

Summary of Legal Fees for the Period December 1, 2017 through January 31, 2018

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 9 of 51
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $280.00 20.10 $ 5,628.00

Carla Garcia Benitez Member Litigation $325.00 2.40 $ 780.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation $195.00 7.60 $ 1,482.00

Karla M. Morales Associate Corporate $155.00 7.40 $ 1,147.00

Paula A. Gonzalez Montalvo Associate Litigation $165.00 7.40 $ 1,221.00

Gabriel L. Olivera Dubon Associate Litigation $175.00 39.70 $ 6,947.50

Daniel J. Perez Refojos Associate Litigation $165.00 10.70 $ 1,765.50

Emiliano Trigo Fritz Associate Corporate $180.00 4.20 $ 756.00

Milagros Marcano Baez Paralegal Litigation $125.00 2.10 $ 262.50

Totals 101.60 $ 19,989.50

Less: 10% Courtesy discount $ (1,998.95)

$ 17,990.55

HTA TITLE III 

Summary of Legal Fees for the Period October 1, 2017 through November 30, 2017

SUMMARY OF LEGAL FEES

Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $290.00 14.00 $ 4,060.00

Beatriz Baldit Castro Associate Corporate $165.00 3.60 $ 594.00

Jorge A. Candelaria Associate Corporate $170.00 5.40 $ 918.00

Gabriel L. Olivera DubonAssociate Litigation $190.00 2.20 $ 418.00

Daniel J. Perez Refojos Associate Litigation $180.00 0.90 $ 162.00

Emiliano Trigo Fritz Associate Corporate $200.00 26.40 $ 5,280.00

Milagros Marcano Baez Paralegal Litigation $135.00 0.90 $ 121.50

Totals 53.40 $ 11,553.50

Less: 10% Courtesy discount $ (1,155.35)

$ 10,398.15

HTA TITLE III 

Summary of Legal Fees for the Period December 1, 2017 through January 31, 2018

SUMMARY OF LEGAL FEES

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 10 of 51
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $280.00 8.40 $ 2,352.00

Rosa M. Lazaro Member Corporate $335.00 3.70 $ 1,239.50

Ubaldo M. Fernandez Barrera Jr. Member Litigation $195.00 1.10 $ 214.50

Jorge A. Candelaria Associate Corporate $155.00 2.60 $ 403.00

Daniel J. Perez Refojos Associate Litigation $165.00 0.50 $ 82.50

Emiliano Trigo Fritz Associate Corporate $180.00 3.00 $ 540.00

Milagros Marcano Baez Paralegal Litigation $125.00 0.70 $ 87.50

Totals 20.00 $ 4,919.00

Less: 10% Courtesy discount $ (491.90)

$ 4,427.10

 ERS TITLE III 

Summary of Legal Fees for the Period October 1, 2017 through November 30, 2017

SUMMARY OF LEGAL FEES

Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensatio

n

Hermann D. Bauer Member Litigation $290.00 0.90 $ 261.00

Daniel J. Perez Refojos Associate Litigation $180.00 0.80 $ 144.00

Milagros Marcano BaezParalegal Litigation $135.00 0.30 $ 40.50

Totals 2.00 $ 445.50

Less: 10% Courtesy discount $ (44.55)

$ 400.95

 ERS TITLE III 

Summary of Legal Fees for the Period December 1, 2017 through January 31, 2018

SUMMARY OF LEGAL FEES

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 11 of 51
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $280.00 62.20 $ 17,416.00

Carla Garcia Benitez Member Litigation $325.00 0.10 $ 32.50

Carlos E. George Member Labor $245.00 6.40 $ 1,568.00

Jerry Lucas Marrero Member Corporate $300.00 26.70 $ 8,010.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation $195.00 26.00 $ 5,070.00

Isis L. Perez Velez Jr. Member Corporate $240.00 27.30 $ 6,552.00

Jorge A. Candelaria Associate Corporate $155.00 13.40 $ 2,077.00

Arturo Hernandez Associate Litigation $160.00 10.70 $ 1,712.00

Karla M. Morales Associate Corporate $155.00 1.10 $ 170.50

Gabriel L. Olivera Dubon Associate Litigation $175.00 25.00 $ 4,375.00

Daniel J. Perez Refojos Associate Litigation $165.00 19.40 $ 3,201.00

Rosangela Torres Torres Associate Labor $155.00 3.00 $ 465.00

Emiliano Trigo Fritz Associate Corporate $180.00 8.00 $ 1,440.00

Olga M. Alicea Paralegal Litigation $135.00 1.50 $ 202.50

Laura Jimenez Davis Paralegal Litigation $130.00 1.60 $ 208.00

Milagros Marcano Baez Paralegal Litigation $125.00 4.20 $ 525.00

Totals 236.60 $ 53,024.50

Less: 10% Courtesy discount $ (5,302.45)

$ 47,722.05

PREPA TITLE III 

Summary of Legal Fees for the Period October 1, 2017 through November 30, 2017

SUMMARY OF LEGAL FEES

Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $290.00 54.20 $ 15,718.00

Carlos E. George Member Labor $245.00 7.50 $ 1,837.50

Jerry Lucas Marrero Member Corporate $305.00 36.70 $ 11,193.50

Pedro R. Pierluisi Member Corporate $395.00 0.30 $ 118.50

Antonio L. Collazo Jr. Member Corporate $210.00 5.40 $ 1,134.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation $210.00 14.00 $ 2,940.00

Isis L. Perez Velez Jr. Member Corporate $250.00 55.10 $ 13,775.00

Beatriz Baldit Castro Associate Corporate $165.00 29.70 $ 4,900.50

Jorge A. Candelaria Associate Corporate $170.00 43.20 $ 7,344.00

Arturo Hernandez Associate Litigation $175.00 6.70 $ 1,172.50

Karla M. Morales Associate Corporate $170.00 3.00 $ 510.00

Gabriel L. Olivera Dubon Associate Litigation $190.00 1.20 $ 228.00

Daniel J. Perez Refojos Associate Litigation $180.00 24.00 $ 4,320.00

Francisco G. Rodriguez Associate Corporate $170.00 3.90 $ 663.00

Emiliano Trigo Fritz Associate Corporate $200.00 17.50 $ 3,500.00

Rosangela Torres Torres Associate Labor $160.00 20.20 $ 3,232.00

Olga M. Alicea Paralegal Litigation $145.00 22.50 $ 3,262.50

Milagros Marcano Baez Paralegal Litigation $135.00 3.90 $ 526.50

Totals 349.00 $ 76,375.50

Less: 10% Courtesy discount $ (7,637.55)

$ 68,737.95

PREPA TITLE III 

Summary of Legal Fees for the Period December 1, 2017 through January 31, 2018

SUMMARY OF LEGAL FEES

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Document Page 12 of 51
Schedule 3

Summary of Professional Services Rendered by Project 

Category for the Period October 1, 2017 through January 31, 2018

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 13 of 51
Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

201 Tasks Relating to the Board, its Members, its Staff, its 

Advisors or its Consultants 8.40 $ 1,682.00

202 Legal Research 174.70 $ 30,501.50

203 Hearings and other Non Filed Communications with the 

Court 85.60 $ 17,654.50

204 Communications with Claim Holders 1.80 $ 448.50

205

Communications with the Commonwealth, its 

Instrumentalities or Representatives of the 

Commonwealth or its Instrumentalities

 0.20 $ 56.00

206 Documents filed on behalf of the Board 268.40 $ 52,553.00

207 Non-Board Court Filings 50.30 $ 12,977.00

208 Stay Matters 90.70 $ 21,662.50

209 Adversary Proceeding 286.00 $ 66,914.00

210 Analysis and Strategy 367.20 $ 81,656.50

211 Non-Working Travel Time 5.00 $ 700.00

212 General Administration 56.70 $ 14,968.00

213 Labor, Pension Matters 0.70 $ 171.50

214 Legal/Regulatory Matters 12.40 $ 2,174.50

216 Confirmation 32.30 $ 6,298.50

218 Employment and Fee Applications 31.70 $ 6,645.50

219 Docketing 43.60 $ 5,647.00

220 Translations 38.50 $ 5,851.50

221 Discovery/2004 Examinations 7.70 $ 1,385.00

$329,947.00

Less: 10% Courtesy Discount $ (32,994.70)

TOTALS 1,561.90 $296,952.30

Summary of Legal Fees for the Period October 1, 2017 through January 31, 2018

ALL TITLE III MATTERS

Case:17-03283-LTS Doc#:2859 Filed:04/06/18 Entered:04/06/18 19:19:40 Desc: Main

Document Page 14 of 51
Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

201 Tasks relating to the Board, its Members, its Staff, its Advisors or its 4.30 $ 852.00

202 Legal Research 97.60 $ 16,765.50

203 Hearings and Other Non-filed Communications with the Court 64.10 $ 13,389.00

206 Documents Filed on Behalf of the Board 156.30 $ 29,797.00

207 Non-Board Court Filings 28.20 $ 7,355.00

208 Stay Matters 38.60 $ 9,242.50

209 Adversary Proceeding 132.30 $ 32,327.00

210 Analysis and Strategy 77.40 $ 16,039.00

211 Non-Working Travel Time 5.00 $ 700.00

212 General Administration 20.40 $ 5,232.00

216 Confirmation 32.30 $ 6,298.50

218 Employment and Fee Applications 28.30 $ 5,906.50

219 Docketing 30.70 $ 3,988.50

220 Translations 14.50 $ 2,386.50

$150,279.00

Less: 10% Courtesy discount $ (15,027.90)

TOTALS 730.00 $135,251.10

COMMONWEALTH OF PR TITLE III

Summary of Legal Fees for the Period October 1, 2017 through January 31, 2018

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Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

202 Legal Research 15.20 $ 2,547.00

203 Hearings and Other Non-filed Communications with the 9.40 $ 1,665.00

206 Documents Filed on Behalf of the Board 5.00 $ 873.00

207 Non-Board Court Filings 0.70 $ 199.00

209 Adversary Proceeding 32.00 $ 6,715.50

210 Analysis and Strategy 1.20 $ 216.00

212 General Administration 1.80 $ 494.00

218 Employment and Fee Applications 0.90 $ 175.50

219 Docketing 1.90 $ 237.50

221 Discovery/2004 Examinations 1.20 $ 238.00

$13,360.50

Less: 10% Courtesy Discount $ (1,336.05)

TOTALS 69.30 $12,024.45

COFINA TITLE III 

Summary of Legal Fees for the Period October 1, 2017 through January 31, 2018

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Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

201

Tasks relating to the Board, its Members, its Staff, its 

Advisors or its Consultants 3.00 $ 600.00

202 Legal Research 42.90 $ 7,581.00

203 Hearings and other Non Filed Communications with the 0.20 $ 45.50

206 Documents Filed on Behalf of the Board 19.60 $ 3,773.00

207 Non-Board Court Filings 2.30 $ 603.00

208 Stay Matters 5.40 $ 1,314.00

209 Adversary Proceeding 25.30 $ 5,994.50

210 Analysis and Strategy 21.50 $ 4,015.00

212 General Administration 14.90 $ 4,223.00

214 Legal/Regulatory Matters 11.50 $ 2,012.50

218 Employment and Fee Applications 0.60 $ 117.00

219 Docketing 1.90 $ 241.50

221 Discovery/2004 Examinations 5.90 $ 1,023.00

$31,543.00

Less: 10% Courtesy Discount $ (3,154.30)

TOTALS 155.00 $28,388.70

HTA TITLE III 

Summary of Legal Fees for the Period October 1, 2017 through January 31, 2018

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Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

206 Documents Filed On Behalf of the Board 0.50 $ 82.50

207 Non-Board Court Filings 0.80 $ 144.00

208 Stay Matters 0.30 $ 84.00

209 Adversary Proceeding 11.50 $2,885.00

210 Analysis and Strategy 6.40 $1,646.00

212 General Administration 1.10 $ 317.00

218 Employment and Fee Applications 0.40 $ 78.00

219 Docketing 1.00 $ 128.00

$5,364.50

Less: 10% Courtesy Discount $ (536.45)

TOTALS 22.00 $4,828.05

 ERS TITLE III 

Summary of Legal Fees for the Period October 1, 2017 through January 31, 2018

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Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

201 Tasks Relating to the Board, its Members, its Staff, its Advisors 

or its Consultants 1.10 $ 230.00

202 Legal Research 19.00 $ 3,608.00

203 Hearings and other Non Filed Communications with the Court 11.90 $ 2,555.00

204 Communications with Claim Holders 1.80 $ 448.50

205

Communications with the Commonwealth, its Instrumentalities or 

Representatives of the Commonwealth or its Instrumentalities

 0.20 $ 56.00

206 Documents filed on behalf of the Board 87.00 $ 18,027.50

207 Non-Board Court Filings 18.30 $ 4,676.00

208 Stay Matters 46.40 $ 11,022.00

209 Adversary Proceeding 84.90 $ 18,992.00

210 Analysis and Strategy 260.70 $ 59,740.50

212 General Administration 18.50 $ 4,702.00

213 Labor, Pension Matters 0.70 $ 171.50

214 Legal/Regulatory Matters 0.90 $ 162.00

218 Employment and Fee Applications 1.50 $ 368.50

219 Docketing 8.10 $ 1,051.50

220 Translations 24.00 $ 3,465.00

221 Discovery/2004 Examinations 0.60 $ 124.00

$129,400.00

Less: 10% Courtesy Discount $ (12,940.00)

TOTALS 585.60 $116,460.00

PREPA TITLE III 

Summary of Legal Fees for the Period October 1, 2017 through January 31, 2018

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Schedule 4

Summary of Actual and Necessary Expenses Incurred 

for the Period October 1, 2017 through January 31, 2018

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Description - Expenses Amounts 

Air Fare to NYC for H. D. Bauer re Board Meeting- Nov 12-Nov 16 159.98

Air Fare to NYC for H. D. Bauer re Court Hearing- Nov 15-Nov 16 159.97

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Brian S. Rosen-DJP/CGB 300.00

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Carl Forbes, Jr.-CGB 300.00

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Jared D. Zajac-DJP/CGB 300.00

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Jeffrey W. Levitan-CGB 300.00

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Rachel G. Miller Ziegler-DJP/CGB 300.00

Duplicating (calculated @ $0.10 per copy) 1,090.80

Duplicating-Color 304.40

Filing Fee - Court Solutions - UMF 70.00

Filing Fee Pro Hac Vice for Adele M. El-Khouri 300.00

Filing Fee Pro Hac Vice for Chad I. Golder 300.00

Filing Fee Pro Hac Vice for Donald B. Verrilli, Jr. 300.00

Filing Fee Pro Hac Vice for Ginger D. Anders 300.00

Filing Fee Pro Hac Vice for Mark D. Harris 300.00

Filing Fee Pro Hac Vice for Sarah G. Boyce 300.00

Filing Fee Pro Hac Vice for William D. Dalsen 300.00

Hotel Expenses Related to Omnibus Hearing Nov 14-16 626.78

Hotel Expenses Related to Court Hearing Nov 12 & 13-HDB 526.45

IRS Stamps-Copy of Official Translation 12.40

Long DistanceTelephone Charges 0.13

Messenger Delivery 119.00

Overnight Delivery-UPS- various 1,103.54

Postage 98.15

Process Server-Braham Santiago-Supreme Court 26.00

Registration Fee for Hearing at US District Court in New York RE: case 17-155 on november 21,2017-UMF 70.00

Registration Fee for Hearing at US District Court in New York RE: case 17-159 on november 21,2017-UMF 70.00

Registration Fee for Hearing at US District Court in New York RE: case 17-189 on december 5,2017-UMF 70.00

Registration Fee for Hearing at US District Court in New York RE: case 17-213-UMF 70.00

Registration Fee for Hearing at US District Court in New York RE: case 17-3283-UMF 70.00

Secretarial Overtime 14.55

Southern District Reporter-Deposition Case 17BK03283 133.20

Southern District Reporter-Hearing Transcript Nov 13 87.60

Southern District Reporter-Nov 15 Hearing Transcript 186.00

Southern District Reporters, PC, INV.0492000-IN, Transcript of Hearing on Dec. 5,2017-HDB 131.58

Southern District Reporters, PC, INV.0492689-IN, Transcript of Hearing on Dec. 20,2017-HDB 118.80

Telephone Appearance at the Hearing re Case 17-3283-UMF 70.00

Telephone Charges 25.35

Telephone-Long Distance 1.43

Transportation NYC from Hotel to Court 28.70

Westlaw 958.65

Totals $10,003.46

SUMMARY OF DISBURSEMENTS $10,003.46 

ALL TITLE III MATTERS

Summary of Disbursements for the Period October 1, 2017 through January 31, 2018

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Description - Expenses Amounts 

Air Fare to NYC for H. D. Bauer re Board Meeting- Nov 12-Nov 16 159.98

Air Fare to NYC for H. D. Bauer re Court Hearing- Nov 15-Nov 16 159.97

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Brian S. Rosen-DJP/CGB 300.00

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Carl Forbes, Jr.-CGB 300.00

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Jared D. Zajac-DJP/CGB 300.00

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Jeffrey W. Levitan-CGB 300.00

Clerk's Office - US District Courts, Filing Fee Pro Hac Vice for Rachel G. Miller Ziegler-DJP/CGB 300.00

Duplicating (calculated @ $0.10 per copy) 535.90

Duplicating-Color 0.80

Filing Fee - Court Solutions - UMF 70.00

Filing Fee Pro Hac Vice for Adele M. El-Khouri 300.00

Filing Fee Pro Hac Vice for Chad I. Golder 300.00

Filing Fee Pro Hac Vice for Donald B. Verrilli, Jr. 300.00

Filing Fee Pro Hac Vice for Ginger D. Anders 300.00

Filing Fee Pro Hac Vice for Mark D. Harris 300.00

Filing Fee Pro Hac Vice for Sarah G. Boyce 300.00

Filing Fee Pro Hac Vice for William D. Dalsen 300.00

Hotel Expenses Related to Omnibus Hearing Nov 14-16 626.78

Long DistanceTelephone Charges 0.13

Messenger Delivery 119.00

Overnight Delivery-UPS- various 1,103.54

Postage 98.15

Registration Fee for Hearing at US District Court in New York RE: case 17-155 on november 21,2017-UMF 70.00

Registration Fee for Hearing at US District Court in New York RE: case 17-159 on november 21,2017-UMF 70.00

Registration Fee for Hearing at US District Court in New York RE: case 17-189 on december 5,2017-UMF 70.00

Registration Fee for Hearing at US District Court in New York RE: case 17-3283-UMF 70.00

Secretarial Overtime 14.55

Southern District Reporter-Deposition Case 17BK03283 133.20

Southern District Reporter-Nov 15 Hearing Transcript 186.00

Southern District Reporters, PC, INV.0492000-IN, Transcript of Hearing on Dec. 5,2017-HDB 131.58

Southern District Reporters, PC, INV.0492689-IN, Transcript of Hearing on Dec. 20,2017-HDB 118.80

Telephone Appearance at the Hearing re Case 17-3283-UMF 70.00

Transportation NYC from Hotel to Court 28.70

Westlaw 322.85

Telephone Charges 25.35

Totals $7,785.28

SUMMARY OF DISBURSEMENTS $7,785.28

Summary of Disbursements for the Period October 1, 2017 through January 31, 2018

COMMONWEALTH OF PR TITLE III

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Totals $232.35

$232.35

Westlaw $ 195.35

SUMMARY OF DISBURSEMENTS

COFINA TITLE III 

Summary of Disbursements for the Period October 1, 2017 through January 31, 2018

Description - Expenses Amounts

Duplicating (calculated @ $0.10 per copy) $ 37.00

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Totals $323.93

$323.93

HTA TITLE III 

Summary of Disbursements for the Period October 1, 2017 through January 31, 2018

Description - Expenses Amounts

IRS Stamps-Copy of Official Translation $ 12.40

SUMMARY OF DISBURSEMENTS

Process Server-Braham Santiago-Supreme Court $ 26.00

Duplicating (calculated @ $0.10 per copy) $ 155.00

Westlaw $ 130.53

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Totals $256.60

$256.60

Registration Fee for Hearing at US District Court in New York RE: case 17-213-UMF $ 70.00

SUMMARY OF DISBURSEMENTS

 ERS TITLE III 

Summary of Disbursements for the Period October 1, 2017 through January 31, 2018

Description - Expenses Amounts

Duplicating (calculated @ $0.10 per copy) $ 186.60

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Totals $1,405.30 

 $1,405.30 

PREPA TITLE III 

Summary of Disbursements for the Period October 1, 2017 through January 31, 2018

Description - Expenses Amounts

Telephone-Long Distance $ 1.43 

Southern District Reporter-Hearing Transcript Nov 13 $ 87.60 

Hotel Expenses Related to Court Hearing Nov 12 & 13-HDB $ 526.45 

Westlaw $ 309.92 

Duplicating (calculated @ $0.10 per copy) $ 176.30 

Duplicating-Color $ 303.60 

SUMMARY OF DISBURSEMENTS

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Estimated Hearing Date: June 6, 2018 at 9:30 a.m. (Atlantic Standard Time)

Objection Deadline: April 26, 2018 at 4:00 p.m. (Atlantic Standard Time)

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

SECOND INTERIM APPLICATION OF O’NEILL & BORGES LLC FOR 

ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND 

REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO THE FINANCIAL 

OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF DEBTORS, FOR THE PERIOD OF OCTOBER 1, 2017 

THROUGH JANUARY 31, 2018

To the Honorable United States District Court Judge Laura Taylor Swain:

COMES NOW O’Neill & Borges LLC (“O&B”), attorneys for the Financial Oversight 

and Management Board for Puerto Rico (the “Oversight Board”) as representative of 

the Commonwealth of Puerto Rico (“Commonwealth”), Puerto Rico Sales Tax Financing 

Corporation (“COFINA”), Puerto Rico Highways and Transportation Authority (“HTA”), 

Employees Retirement System for the Commonwealth of Puerto Rico (“ERS”), and Puerto Rico 

Electric Power Authority (“PREPA,” jointly with the Commonwealth, COFINA, HTA and ERS

 

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 (4) Digits of Federal Tax ID: 3747). 

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referred to as “Debtors”) pursuant to section 315(b) of the Puerto Rico Oversight, Management, 

and Economic Stability Act (“PROMESA”),2hereby submits this Second interim application (the 

“Application”), pursuant to PROMESA sections 316 and 317, Rule 2016 of the Federal Rules 

of Bankruptcy Procedure (the “Bankruptcy Rules”),3 Rule 2016-1 of the Local Bankruptcy 

Rules for the United States Bankruptcy Court for the District of Puerto Rico (the “Local Rules”), 

and 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”), and in accordance with this Court’s First Amended Order Setting Procedures 

for Interim Compensation and Reimbursement of Expenses of Professionals (Dkt. No. 1715)

(the “Interim Compensation Order”), for (a) allowance of interim compensation for professional 

services performed by O&B for the period commencing October 1, 2017 through and including 

January 31, 2018 (the “Compensation Period”) in the amount of $296,952.30, and 

(b) reimbursement of its actual and necessary expenses in the amount of $10,003.46. In support 

thereof, O&B alleges and prays as follows:

Jurisdiction

1. The United States District Court for the District of Puerto Rico (the “Court”) has 

subject matter jurisdiction pursuant to PROMESA section 306(a). 

2. Venue is proper in this district pursuant to PROMESA section 307(a). 

3. O&B submits this Application pursuant to PROMESA sections 316 and 317. 

Background

4. On June 30, 2016, the Oversight Board was established under PROMESA section 

101(b). On August 31, 2016, President Obama appointed the Oversight Board’s seven voting 

 

2

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

3

 The Bankruptcy Rules are made applicable to the Debtor’s Title III case pursuant to PROMESA section 310.

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members.

5. Pursuant to PROMESA section 315, “[t]he Oversight Board in a case under this 

subchapter is the representative of the debtor” and “may take any action necessary on behalf of 

the debtor to prosecute the case of the debtor, including filing a petition under section [304] of 

[PROMESA] . . . or otherwise generally submitting filings in relation to the case with the court.” 

48 U.S.C. § 2175.

6. On September 30, 2016, the Oversight Board designated the Debtors as a 

“covered entities” under PROMESA section 101(d).

7. On May 3, 2017, the Oversight Board issued a restructuring certification pursuant 

to PROMESA sections 104(j) and 206 and filed a voluntary petition for relief for the 

Commonwealth pursuant to section 304(a) of PROMESA, commencing a case under title III 

thereof (the “Commonwealth’s Title III Case”). Pursuant to PROMESA section 315(b), the 

Oversight Board is the Debtor’s representative in the Commonwealth’s Title III Case.

8. On May 5, 2017, the Oversight Board issued a restructuring certification pursuant 

to PROMESA sections 104(j) and 206 and filed a voluntary petition for relief for the Puerto Rico 

Sales Tax Financing Corporation (“COFINA”) pursuant to section 304(a) of PROMESA, by and 

through the Oversight Board, as COFINA's representative pursuant to PROMESA section 

315(b), commencing a case under title III thereof (the “COFINA’s Title III Case”). Pursuant to 

PROMESA section 315(b), the Oversight Board is CONFINA’s representative in the COFINA’s 

Title III Case.

9. On May 21, 2017, the Oversight Board issued a restructuring certification 

pursuant to PROMESA sections 104(j) and 206 and filed a voluntary petition for relief for the

Puerto Rico Highways and Transportation Authority (“HTA”) pursuant to section 304(a) of 

PROMESA, by and through the Oversight Board, as HTA's representative pursuant to 

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PROMESA section 315(b), commencing a case under title III thereof (the “HTA’s Title III 

Case”). Pursuant to PROMESA section 315(b), the Oversight Board is HTA’s representative in 

the HTA’s Title III Case.

10. On May 21, 2017, the Oversight Board issued a restructuring certification 

pursuant to PROMESA sections 104(j) and 206 and filed a voluntary petition for relief for the

Employees Retirement System for the Commonwealth of Puerto Rico (“ERS”) pursuant to 

section 304(a) of PROMESA, by and through the Oversight Board, as ERS's representative 

pursuant to PROMESA section 315(b), commencing a case under title III thereof (the “ERS’s 

Title III Case”). Pursuant to PROMESA section 315(b), the Oversight Board is ERS’s 

representative in the ERS’s Title III Case.

11. On July 3, 2017, the Oversight Board issued a restructuring certification 

pursuant to PROMESA sections 104(j) and 206 and filed a voluntary petition for relief for the

Puerto Rico Electric Power Authority (“PREPA”) pursuant to section 304(a) of PROMESA, 

by and through the Oversight Board, as PREPA's representative pursuant to PROMESA 

section 315(b), commencing a case under title III thereof (the “PREPA’s Title III Case”). 

Pursuant to PROMESA section 315(b), the Oversight Board is PREPA’s representative in the 

PREPA’s Title III Case.

12. The Commonwealth, COFINA, HTA, ERS, and PREPA Title III Cases are jointly 

administered for procedural purposes only, pursuant to PROMESA section 304(g) and 

Bankruptcy Rule 1015. See Dkt. Nos. 242, 537, 1417.

13. On November 17, 2017, O&B served on the Notice Parties (as defined in the 

Interim Compensation Order) its monthly fee statements for the period October 1, 2017 through 

October 31, 2017. Moreover, on April 2, 2018, O&B served on the Notice Parties its monthly 

fee statements for the period November1, 2017 through January 31, 2018.

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14. In accordance with the Interim Compensation Order and as reflected in the 

foregoing summary, upon submitting such monthly fee statements, O&B has requested payment 

in the total amount of $267,257.07 (payment of ninety percent (90%) of the compensation sought 

and reimbursement of one-hundred percent (100%) of expenses incurred) and has received 

$70,480.23 with respect to fee statements filed during the Compensation Period.

Summary of Services Rendered by O&B During the Compensation Period

15. This is O&B’s second interim application for compensation in the Debtors’ Title 

III Cases. 

16. O&B has served as Puerto Rico counsel for the Oversight Board, who as the 

Debtors’ representative in these restructuring cases, defends their respective rights and interests 

in the multiplicity of litigation attacking the certified fiscal plans for the Debtors and their 

respective restructuring efforts in accordance with PROMESA, and engages with creditors and 

other stakeholders on alternatives for a Title III plan of adjustment. O&B has worked closely 

with Proskauer Rose LLP (“Proskauer”) in the formulation of the different legal strategies 

designed to further PROMESA’s mandate of returning the Commonwealth to fiscal 

responsibility and access to capital markets. 

17. O&B has worked with Proskauer in, among other things, the following: 

(a) preparation and filing of pleadings and briefs in litigation matters; (b) preparation for 

hearings; (c) research laws and jurisprudence, both Federal and local, regarding proposed plan 

issues, including bankruptcy, U.S. and P.R. Constitutional issues; and (d) performed other 

professional services as described in this Application and reflected in Schedule 3 and Exhibit B.

18. O&B seeks an allowance, pursuant to the Interim Compensation Order, 

of $296,952.30 as compensation for professional services rendered and $10,003.46 as

reimbursement for actual and necessary expenses incurred during the Compensation Period in 

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connection with such professional services. The Application shows that for the Compensation 

Period in question O&B has applied a 10% discount on the hourly rates of all of the attorneys 

and paralegals working on these cases.

19. O&B maintains electronic invoices in connection with the firm’s representation of 

the Oversight Board as representative of the Debtor. Copies of the electronic invoices with 

respect to the Oversight Board as representative of the Debtors for the Compensation Period are 

attached hereto as Exhibit B.

20. O&B’s summary of itemized time records for professionals and paralegals 

performing services for the Oversight Board with respect to the Debtors during the 

Compensation Period is attached hereto as Schedule 1. During the Compensation Period, O&B

billed the Oversight Board for time expended by attorneys based on O&B’s hourly rate for each 

professional and paralegal as detailed in Schedule 1. The professional services performed by 

O&B during the Compensation Period resulted in 738.50 recorded hours by O&B’s partners and 

counsel; 734.60 recorded hours by associates; and 118.00 recorded hours by paralegals. 

Furthermore, Schedule 3 shows, for each Project Category (as defined below), the total recorded 

hours for each Project Category. In accordance with Guidelines paragraph C.3, O&B’s blended 

hourly rates are disclosed in Schedule 1. The fees charged by O&B are in accordance with the 

firm’s existing billing rates and procedures in effect during the Compensation Period. The rates 

O&B charges for the services rendered by its professionals and paralegals in these Title III cases 

are below or consistent with the competitive market rates in Puerto Rico for bankruptcy matters, 

charged by the other Puerto Rico counsels who have appeared in these cases. 

21. All entries itemized in O&B’s time records comply with the requirements set 

forth in the Guidelines, including, without limitation, (a) the utilization of what O&B identifies 

as task codes (each a “Project Category”), (b) a description of each activity or service that each 

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individual performed, and (c) the number of hours (in increments of one-tenth of an hour) spent 

by each individual providing the services. 

Applicant Statement In Compliance with Appendix B Guidelines C.5

22. The following answers are provided in response to the questions set forth in 

Guidelines paragraph C.5:

Question: Did you agree to any variations from, or alternatives to, your standard or 

customary billing rates, fees or terms for services pertaining to this 

engagement that were provided during the application period? If so, 

please explain.

Response: Yes. O&B agreed to a 10% discount on the total amount billed in all 

invoices. 

Question: If the fees sought in this fee application as compared to the fees 

budgeted for the time period covered by this fee application are higher 

by 10% or more, did you discuss the reasons for the variation with the 

client?

Response: O&B did not prepare budgets for the Compensation Period. 

Question: Have any of the professionals included in this fee application varied 

their hourly rate based on the geographic location of the bankruptcy 

case?

Response: No.

Question: Does the fee application include time or fees related to reviewing or 

revising time records or preparing, reviewing, or revising invoices? 

(This is limited to work involved in preparing and editing billing records 

that would not be compensable outside of bankruptcy and does not 

include reasonable fees for preparing a fee application.). If so, please 

quantify by hours and fees.

Response: No, the Application does not include time or fees related to reviewing 

time records or preparing, reviewing or revising invoices in connection 

with the preparation of monthly fee statements. 

Question: Does this fee application include time or fees for reviewing time records 

to redact any privileged or other confidential information? If so, please 

quantify by hours and fees.

Response: No.

Question: If the fee application includes any rate increases since retention: (i) Did 

your client review and approve those rate increases in advance? (ii) Did 

your client agree when retaining the law firm to accept all future rate 

increases? If not, did you inform your client that they need not agree to 

modified rates or terms in order to have you continue the representation, 

consistent with ABA Formal Ethics Opinion 11-458?

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Response: Yes, the Application includes rate increases as agreed with the client in 

the original services proposal.

Hearings and Conferences

23. O&B attorneys, as Puerto Rico counsel for the Oversight Board, also attended 

hearings and participated in teleconferences with the Oversight Board, the Board’s professional 

advisors, AAFAF and its professional advisors, the Unsecured Creditors’ Committee and its 

professional advisors, and the Debtors’ creditors and their professional advisors. More than one 

O&B attorney may have participated in hearings and conferences when required in order to 

better represent the Debtors in a more cost-efficient manner and avoid unnecessary duplication 

and expense. 

Professionals Billing Fewer Than Five Hours per Month

24. The following chart indicates (a) professionals who billed fewer than five hours 

per month, (b) the months for which fewer than five hours were billed by the professional, 

and (c) an explanation of why the use of such professional was reasonable and necessary. As a 

general matter, it was reasonable and necessary to consult with professionals with specific 

practice area expertise to assist the Debtors in the Title III cases.

Professional

Month(s) in 

which less than 5 

hours were 

billed

Explanation of Why Services 

Were Reasonable and Necessary

Alicea, Olga M. October and 

December, 2017 

Ms. Alicea is a paralegal in O&B’s litigation 

department and certified interpreter. During the 

application period, Ms. Alicea has assisted in 

translating key documents for the Title III 

proceedings.

Antonetti-Stutts, 

Salvador January 2018

Mr. Antonetti-Stutts is a partner in O&B’s 

litigation department who assisted with the 

analysis of key legal and procedural issues.

Garcia Benitez, Carla October and , 

November, 2017

Ms. Garcia is a partner in O&B’s litigation 

department who assisted with transfer analysis 

and adversary proceedings.

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Professional

Month(s) in 

which less than 5 

hours were 

billed

Explanation of Why Services 

Were Reasonable and Necessary

George, Carlos E. November and 

December, 2017 

Mr. George is a partner in O&B’s labor 

department who analyzed and advised on various 

labor related matters.

Jimenez, Laura November, 2017 

Ms. Jimenez is a paralegal in O&B’s litigation 

department who, during the application period, 

has assisted in ascertaining the status of local 

court proceedings (and their related background) 

which may impact the Title III matters. 

Lazaro, Rosa M. October, 2017

Ms. Lazaro is a partner in O&B’s corporate 

department who analyzed and advised on pension 

related issues.

Melendez, Diego R. November, 2017

Mr. Melendez is an associate in O&B’s litigation 

department who assisted with the review and 

filing of certain pleadings and motions. 

Morales Vega, 

Joamanda October, 2017

Ms. Morales Vega is an associate in O&B’s 

corporate department who, during the application 

period, assisted in the review and analysis of 

certain contractual issues.

Morales, Karla M. January 2018

Ms. Morales who, during the application period, 

assisted in the review and analysis of certain 

regulatory matters, proposed new legislation and 

related civil actions which may impact the Title 

III proceedings.

Pierluisi, Pedro R. October, and 

December, 2017

Mr. Pierluisi is a partner in O&B’s corporate

department who analyzed and advised on policyrelated issues. 

Rivera, Christopher T. November, 2017 

Mr. Rivera is an associate in O&B’s corporate 

department who, during the application period, 

assisted in the review and analysis of certain 

regulatory matters, as well as proposed new 

legislation which may impact the Title III 

proceedings. 

Rodriguez, Francisco G. January 2018

Mr. Rodriguez joined O&B as associate in its 

corporate department on November 2017. Mr. 

Rodriguez has assisted in the review and analysis 

of certain regulatory matters, as well as proposed 

new legislation which may impact the Title III 

proceedings.

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Professional

Month(s) in 

which less than 5 

hours were 

billed

Explanation of Why Services 

Were Reasonable and Necessary

Torres Torres, 

Rosángela October, 2017

Ms. Torres Torres is an associate in O&B’s labor 

department who analyzed and advised on various 

labor related matters.

Summary of Legal Services Provided During the Compensation Period

25. The following is a brief narrative summary, listed by Project Category, of the 

professional services rendered by O&B during the Compensation Period.

(a) Tasks Relating to the Board, its Members, its Staff, its Advisors or its Consultants 

(Project Category 201)

(Hours: 8.40; Fees $1,682.00)

26. This Project Category includes time spent communicating with the Oversight 

Board, the Debtor, and their representatives, agents, and consultants. In summary, O&B 

attorneys spent time communicating with Oversight Board professionals regarding Debtors’ Title 

III cases strategy issues, economic analyses, fiscal plans issues, consulting matters, and litigation 

strategy. O&B attorneys further had multiple communications with the Oversight Board 

regarding mediation related issues and plans of adjustment and drafted or assisted in research 

related to memoranda on behalf of the Oversight Board related to these cases. 

(b) Legal Research (Project Category 202)

(Hours: 174.70; Fees: $30,501.50)

27. This Project Category includes legal research and analyses and time spent drafting 

memoranda in coordination with Proskauer regarding the analysis of legal issues including, 

but not limited to, local law matters. The following are some of the issues that were researched 

by O&B attorneys: (i) constitutional issues in connection with the Debtors’ Title III cases;

(ii) state law issues related various matters; (iii) merits, stay, removal, dismissal, and transfer 

of actions; (iv) analysis on clawback rights; (v) protection of estate assets; (vi) regulatory 

matters; and (vii) discovery disputes. 

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(c) Hearings and Other Non-Filed Communications with the Court (Project Category 203)

(Hours: 85.60; Fees: $17,654.50)

28. This Project Category includes communications with the Court and preparing for 

and attending hearings and in Court proceedings. Furthermore, O&B attorneys spent time 

communication with the Court and regarding rules and hearing matters.

(d) Communications with Claimholders (Project Category 204) 

(Hours: 1.80; Fees: $448.50)

29. This category includes time spent by O&B attorneys communicating with the 

claimholders of Debtors. The time spent by O&B attorneys focused on issues related to stay 

matters and the procedures established pursuant to the Court’s order for seeking relief from stay. 

Furthermore, O&B attorneys spent time responding to creditors’ inquiries. O&B attorneys also 

spent time on communications regarding mediation, negotiation, and settlement in the Title III 

cases and adversary proceedings. 

(e) Communications with the Commonwealth, its Instrumentalities or Representatives of the 

Commonwealth or its Instrumentalities (Project Category 205)

(Hours:0.20; Fees: $56.00)

30. As to this Project Category, O&B attorneys spent time communicating with the 

Debtor’s representatives in various Title III related matters including but not limited to counsel 

and other advisors to AAFAF. 

(f) Documents Filed on Behalf of the Board (Project Category 206) 

(Hours: 268.40; Fees: $52,553.00)

31. O&B attorneys, as Puerto Rico counsel for the Oversight Board, spent 

considerable time drafting and reviewing pleadings filed on behalf of the Debtors. In summary, 

O&B attorneys worked with Proskauer in drafting and reviewing pleadings, motions for joint 

administration, first day motions, briefing on legal issues in motions, objections, and replies in 

contested matters and several adversary proceedings.

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(g) Non-Board Court Filings (Project Category 207) 

(Hours: 50.30; Fees: $12,977.00)

32. The time spent by O&B attorneys on this Project Category includes the review of 

Court orders, complaints, pleadings, motions filed by other parties and responses thereto.

(h) Stay Matters (Project Category 208) 

(9 Hours: 90.70; Fees: $21,662.50)

33. This Project Category includes time spent by O&B attorneys in reviewing and 

analyzing motions and responses on relief from stay and researching issues related thereto. 

Among the multiple matters handle by O&B attorneys in this Project Category, the time spent 

also included drafting and reviewing responses and motions on stay related matters.

(i) Adversary Proceeding (Project Category 209) 

(Hours: 286.00; Fees: $66,914.00)

34. The time spent on this Project Category includes various contested matters and 

adversary proceedings filed in relation to these Title III cases. O&B attorneys have spent time on 

reviewing pleadings, motions and discovery issues. Furthermore, O&B attorneys have spent time 

responding to discovery matters and motions as Puerto Rico counsel for the Oversight Board.

(j) Analysis and Strategy (Project Category 210) 

(Hours: 367.20; Fees: $81,656.50)

35. This Project Category focuses on the time spent by O&B attorneys in relation to 

legal analysis and strategy as to the next steps and meetings with Proskauer to coordinate matters 

related to the Title III cases. 

(k) Non-working travel time (Project Category 211)

(Hours 5.00; Fees: $700.00

36. This Project Category includes time spent by O&B attorneys traveling stateside, 

to and from court hearings. As required by the billing guidelines, such time si charged at a 50% 

discount.

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(l) General Administration (Project Category 212) 

(Hours: 56.70; Fees: $14,968.00)

37. This Project Category includes time spent by O&B attorneys on general 

administration of the Debtors’ Title III case. Among the general administration included in this 

Project Category are, among other, the following: (a) case status and coordination with 

Proskauer; (b) analyzing matters on filing of documents with the Court and service thereof; and 

(c) coordinating matters related to calendar, deadlines, translations and filings.

(m)Labor, Pension Matters (Project Category 213)

(Hours: 0.70; Fees: $171.50)

38. This Project Category includes time spent reviewing employee and retiree 

benefits and pension matters as counsel for the Oversight Board and in coordination with 

Proskauer. 

(n) Legal/Regulatory Matters (Project Category 214) 

(Hours: 12.40; Fees: $2,174.50)

39. This Project Category includes time spent by O&B regarding analysis and 

communications of any sort (including emails, calls and meetings) with any regulatory, 

Congressional or governmental agency regarding issues arising out of Title III proceedings.

(o) Confirmation (Project Category 216) 

(Hours: 32.30; Fees: $6,298.50)

40. This Project Category includes time spent by O&B regarding analysis and 

communications of any sort related to the potential confirmation of a plan of adjustment for any 

of the Title III debtors. 

(p) Employment and Fee Applications (Project Category 218) 

(Hours: 31.70; Fees: $6,645.50)

41. This Project Category includes time spent by O&B regarding analysis and 

communications of any sort related to any employment retention or fee application in the 

relevant proceeding, including reviewing fee applications or professional retention applications 

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of others, as well as the preparation and submission of O&B applications. As requested by the 

Fee Examiner, prospectively all work related to the fee applications of the debtor’s legal 

representatives, including O&B, will be separated in other categories. 

(q) Docketing (Project Category 219) 

(Hours: 43.60; Fees: $5,647.00)

42. This Project Category includes time spent by O&B paralegals reviewing orders 

and/or pertinent motions to ascertain all up-coming court deadlines are identified and docketed in 

the calendars for the pertinent attorneys in charge of the specific matter or task. 

(r) Translations (Project Category 220) 

(Hours: 38.50; Fees: $5,851.50)

43. This Project Category includes time spent by O&B regarding translation of 

documents from Spanish to English. 

(s) Discovery/2004 Examinations (Project Category 221) 

(Hours: 7.70; Fees: $1,385.00)

44. This Project Category includes time spent by O&B in preparation for, or attending 

to, Rule 2004 examinations. Additionally, all discovery related tasks, including analysis of 

discovery requests, potential privilege issues and review and analysis of discovery responses are 

included in this category. 

45. The professional services performed by O&B were reasonable, necessary, 

appropriate, and beneficial when rendered, facilitated the effective administration of the Debtors’

Title III cases, and were in the best interests of the Oversight Board and the Debtors’ creditors, 

residents, and other stakeholders. O&B further submits that the Compensation for which

approval is being sought is commensurate with the complexity, importance, and time-sensitive 

nature of the problems, issues, and tasks involved. The professional services of O&B were

performed in an efficient and effective manner. 

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46. Therefore, the Court should approve the compensation sought by O&B in 

compliance with the requirements in the Bankruptcy Code. Namely, the fees requested are fair 

and reasonable because these Title III case are complex matters that required the time spent by 

O&B given the nature and extent of the services. Furthermore, O&B expertise in the bankruptcy 

field together with the value of its services and the costs of comparable services in other cases 

show further compliance with the Bankruptcy Code. 

Actual and Necessary Expenses of O&B

47. Pursuant to the Guidelines, Schedule 4 is O&B’s summary of actual and 

necessary expenses incurred on behalf of the Oversight Board as representative of the Debtor

during the Compensation Period.

48. In accordance with paragraph C.13 of the Appendix B Guidelines and 

as more fully described in Schedule 4, O&B seeks reimbursement for its necessary and 

reasonable expenses, including: (a) reproduction, (b) online research, (c) delivery services and 

couriers, (d) postage, (e) local travel to and from airports, (f) out-of-town travel, (g) out-of-town 

meals, (h) court fees, (i) transcription services, (j) litigation support, and 

(l) professional services. All expense entries are detailed and explained in Exhibit B.

49. O&B generally charges from $0.25 (black and white) to $0.40 (color) per page for 

photocopying expenses; and this is reflected in the submitted invoices. Nonetheless, at the 

request of the Fee Examiner, O&B is reducing such rates in this Second Interim Application to 

$0.10 for black and white copies. The rates charged by the firm for Westlaw vary according to 

the type of research conducted and the specific files researched. All expenditures are of the type 

customarily billed to clients are detailed on Schedule 4. 

50. During the Compensation Period, O&B has disbursed $10,003.46 as necessary 

and reasonable expenses. The expenses charged are detailed and described in Exhibit B hereto. 

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The actual expenses incurred by O&B were necessary, reasonable, and justified to effectively 

serve the needs of the Debtors in its Title III cases.

Compensation Paid and Its Source

51. The services and expenses for which O&B is requesting approval of the Court 

were performed or incurred on behalf of the Oversight Board as representative of the Debtors. In 

connection with the matters covered by this Application, O&B received no payment and no 

promises of payment for services rendered, or to be rendered, from any source other than the 

Debtors. There is no agreement or understanding between O&B and any other person, other than 

members of the firm, for the sharing of compensation received for services rendered in these

Title III cases.

52. PROMESA sections 316 and 317 provide for interim compensation of 

professionals and govern the Court’s award of such compensation. 48 U.S.C. §§ 2176-2177. 

PROMESA section 316 provides that a court may award a professional person employed by the 

Debtors or the Oversight Board under PROMESA “(1) reasonable compensation for actual, 

necessary services rendered by the professional person, or attorney and by any paraprofessional 

person employed by any such person; and (2) reimbursement for actual, necessary expenses.” 48 

U.S.C. § 2176(a). Section 316 also sets forth the criteria for the award of such compensation and 

reimbursement:

In determining the amount of reasonable compensation to be 

awarded ... the court shall consider the nature, the extent, and the 

value of such services, taking into account all relevant factors, 

including—

(1) the time spent on such services;

(2) the rates charged for such services;

(3) whether the services were necessary to the administration of, or 

beneficial at the time at which the service was rendered toward the 

completion of, a case under this chapter;

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(4) whether the services were performed within a reasonable 

amount of time commensurate with the complexity, importance, 

and nature of the problem, issue, or task addressed;

(5) with respect to a professional person, whether the person is 

board certified or otherwise has demonstrated skill and experience 

in the bankruptcy field; and

(6) whether the compensation is reasonable based on the 

customary compensation charged by comparably skilled 

practitioners in cases other than cases under this subchapter or title 

11.

48 U.S.C. § 2176(c).

53. As noted above, the professional services and expenditures object of this 

Application were necessary and beneficial to the Oversight Board as representative of the 

Debtors. O&B worked diligently to anticipate or respond to the Oversight Board’s needs and 

assist in the Oversight Board’s role in these Title III cases. The compensation for which O&B is 

requesting approval herein is reasonable in light of the nature, extent, and value of such services 

to the Oversight Board. 

Reservation of Rights

54. O&B reserves the right to request compensation for services and reimbursement 

of such expenses in a future application that have not been processed in relation to the 

Compensation Period object of this Application. 

Notice

55. Pursuant to the Interim Compensation Order, notice of this Application has been 

filed in the Commonwealth’s Title III case and served upon:

(a) the Financial Oversight and Management Board, 40 Washington 

Square South, Office 314A, New York, NY 10012, Attn: Professor 

Arthur J. Gonzalez, Oversight Board Member;

(b) Proskauer Rose LLP, 70 West Madison Street, Chicago, IL, 60602, 

Attn: Paul V. Possinger, Esq.

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(c) O’Melveny & Myers LLP, Times Square Tower, 7 Times Square, 

New York, NY 10036, Attn: John J. Rapisardi, Esq., Suzzanne 

Uhland, Esq., and Diana M. Perez, Esq.;

(d) Law Offices of Luis M. Marini, Esq., Marini Pietrantoni Muniz, 

LLC, MCS Plaza, Suite 500, 255 Ponce de León Ave., San Juan 

P.R. 00917, Attn: Luis M. Marini, Esq.;

(e) the Office of the United States Trustee for the District of Puerto 

Rico, Edificio Ochoa, 500 Tanca Street, Suite 301, San Juan, PR 

00901 (re: In re: Commonwealth of Puerto Rico);

(f) Paul Hastings LLP, 200 Park Ave., New York, NY 10166, Attn: 

Luc A. Despins, Esq., Andrew V. Tenzer, Esq., Michael E. 

Comerford, Esq., and G. Alexander Bongartz, Esq.; 

(g) Casillas, Santiago & Torres LLC, El Caribe Office Building, 53 

Palmeras Street, Ste. 1601, San Juan, PR 00901, Attn: Juan J. 

Casillas Ayala, Esq. and Alberto J.E. Aenses Negron, Esq.;

(h) Jenner & Block LLP, 919 Third Ave., New York, NY 10022, Attn: 

Robert Gordon, Esq. and Richard Levin, Esq., and Jenner & Block 

LLP, 353 N. Clark Street, Chicago, IL 60654, Attn: Catherine 

Steege, Esq. and Melissa Root, Esq.;

(i) Bennazar, García & Milián, C.S.P., Edificio Union Plaza, PH-A, 

416 Ave. Ponce de León, Hato Rey, PR 00918, Attn: A.J. 

Bennazar-Zequeira, Esq.; 

(j) Greenberg Taurig LLP, 200 Park Avenue, New York, NY 10166, 

Attn. Nancy A. Mitchell, Esq. and Nathan A. Haynes, Esq.;

(k) the Fee Examiner, Brady C. Williamson, Esq., Godfrey & Kahn 

S.C., One East Main Street, Suite 500, Madison, WI 53703.

WHEREFORE O&B respectfully requests that the Court enter an order (a) allowing 

interim compensation for professional services rendered during the Compensation Period in 

the amount of $296,952.30 (including the 10% professional compensation holdback amount) and 

reimbursement for actual and necessary expenses O&B incurred in connection with such services 

during the Compensation Period in the amount of $10,003.46; (b) directing the Debtor to pay 

promptly to O&B the difference between (i) the amount of interim compensation for professional 

services rendered, and reimbursement of expenses incurred during the Compensation Period 

allowed hereunder, and (ii) the amounts for such compensation and expenses previously paid to 

O&B, consistent with the provisions of the Interim Compensation Order; (c) allowing such 

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compensation for professional services rendered and reimbursement of actual and necessary 

expenses incurred without prejudice to O&B’s right to seek additional compensation for services 

performed and expenses incurred during the Compensation Period, which were not processed at 

the time of this Application; and (d) granting O&B such other and further relief as is just and 

proper.

Dated: April 6, 2018

San Juan, Puerto Rico

Respectfully submitted,

/s/ Hermann D. Bauer

Hermann D. Bauer

USDC No. 215205 

O’NEILL & BORGES LLC

250 Muñoz Rivera Ave., Suite 800

San Juan, PR 00918-1813

Tel: (787) 764-8181

Fax: (787) 753-8944

Attorneys for the Financial Oversight and

Management Board as representative 

of The Commonwealth of Puerto Rico 

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Exhibit A

Certification under Guidelines 

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Estimated Hearing Date: June 6, 2018 at 9:30 a.m. (Atlantic Standard Time)

Objection Deadline: April 26, 2018 at 4:00 p.m. (Atlantic Standard Time)

UNITED STATES DISTRICT COURT

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

---------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

CERTIFICATION UNDER GUIDELINES

FOR FEES AND DISBURSEMENTS FOR PROFESSIONALS

IN RESPECT OF SECOND INTERIM FEE APPLICATION OF O’NEILL & BORGES 

LLC FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT 

OF EXPENSES INCURRED AS ATTORNEYS FOR THE FINANCIAL OVERSIGHT 

AND MANAGEMENT BOARD FOR PUERTO RICO, AS REPRESENTATIVE OF THE 

DEBTOR, THE COMMONWEALTH OF PUERTO RICO,

FOR THE PERIOD OCTOBER 1, 2017 THROUGH JANUARY 31, 2018

Pursuant to 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, 

the undersigned, a Partner of O’Neill & Borges LLC (“O&B”), attorneys for the Financial 

Oversight and Management Board for Puerto Rico (the “Oversight Board”) as representative 

of the Commonwealth of Puerto Rico (“Commonwealth”), Puerto Rico Sales Tax Financing 

 

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).

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Corporation (“COFINA”), Puerto Rico Highways and Transportation Authority (“HTA”), 

Employees Retirement System for the Commonwealth of Puerto Rico (“ERS”), and Puerto Rico 

Electric Power Authority (“PREPA,” jointly with the Commonwealth, COFINA, HTA and ERS

referred to as “Debtors”), pursuant to section 315(b) of the Puerto Rico Oversight, Management, 

and Economic Stability Act (“PROMESA”),

2

hereby certifies with respect to O&B’s second

interim application for allowance of compensation for services rendered and reimbursement of 

expenses incurred with respect to the Debtors’ Title III case, dated April 6, 2018 (the 

“Application”),3for the period from October 1, 2017 through and including January 31, 2018

(the “Compensation Period”) as follows:

1. I am the professional designated by O&B 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 to the best of my 

knowledge, information, and belief formed after reasonable inquiry:

a. I have read the Application;

b. the fees and disbursements sought fall within the Guidelines;

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

Guidelines, the fees and disbursements sought are billed at rates in accordance 

with practices customarily employed by O&B and generally accepted by 

O&B’s clients; and

 

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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d. in providing a reimbursable service, O&B does not make a profit on that 

service, where the service is performed by O&B in house or through a third 

party.

4. I certify that O&B has previously provided monthly statements of O&B’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 Order.

Dated: April 6, 2018 

San Juan, Puerto Rico

Respectfully submitted,

/s/ Hermann D. Bauer

Hermann D. Bauer

USDC No. 215205 

O’NEILL & BORGES LLC

250 Muñoz Rivera Ave., Suite 800

San Juan, PR 00918-1813

Tel: (787) 764-8181

Fax: (787) 753-8944

Attorneys for the Financial Oversight and

Management Board as representative 

of The Commonwealth of Puerto Rico 

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UNITED STATES DISTRICT COURT

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.

---------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

ORDER APPROVING

SECOND INTERIM FEE APPLICATION OF O'NEILL & BORGES LLC FOR 

COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES INCURRED AS ATTORNEYS FOR THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, AS REPRESENTATIVE OF THE 

DEBTORS FOR THE PERIOD OCTOBER 1, 2017 THROUGH JANUARY 31, 2018

Upon the application (the “Application”)1of O’Neill & Borges LLC (“O&B”), as 

attorneys for the Financial Oversight and Management Board for Puerto Rico (the “Oversight 

Board”) acting as representative of the Commonwealth of Puerto Rico (the “Debtor”) under 

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

(“PROMESA”),2seeking, 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 

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 First Amended 

Order Setting Procedures for Interim Compensation and Reimbursement of Expenses of 

Professionals (Dkt. No. 1715), an allowance of interim compensation for professional services 

 

1

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

2

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

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rendered by O&B for the period commencing October 1, 2017 through and including January 31, 

2018 in the amount of $296,952.30, and for reimbursement of its actual and necessary expenses 

in the amount of $10,003.46 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 APPROVED as set forth herein.

2. Compensation to O&B for professional services rendered during the 

Compensation Period is allowed on an interim basis in the amount of $296,952.30.

3. Reimbursement to O&B for expenses incurred during the Compensation Period is 

allowed on an interim basis in the amount of $10,003.46.

4. The Debtor is authorized to pay O&B all fees and expenses allowed pursuant to 

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 Debtor is authorized to take all actions necessary to effectuate the relief 

granted pursuant to this Order in accordance with the Application.

Dated: , 2018

San Juan, Puerto Rico Honorable Laura Taylor Swain 

United States District Judge

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