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 ) 

) 

Re: Dkt. Nos. 2075, 2259, 2148, and 2142 

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. 2075, 2259, 2148, and 2142, 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. 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 

 

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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interim allowance of certain fees, including 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 supplemental report filed by the Fee Examiner with respect to the Applications [see Dkt. 

No. 2909]; 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 

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. 

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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 supplemental report, the first interim fee 

applications of Proskauer Rose LLP, and McKinsey & Company, Inc., [Dkt. Nos. 2068, 2043, 

2045, 2053, 2066, 2073] remain adjourned for consideration at a later hearing date. 

SO ORDERED. 

Dated: April 17, 2018 

 /s/ Laura Taylor Swain 

 LAURA TAYLOR SWAIN 

 United States District Judge 

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EXHIBIT A 

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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 Uncontested

Applicant Compensation Period Interim Fees Requested 

 Fee Examiner's 

Recommended 

Fee 

Adjustments 

 Interim 

Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Voluntary 

Discounts

 In

Reco

1 O'Neill & Borges LLC [Dkt. No. 2075] 5/3/2017 - 9/30/2017 289,691.55 $ 280.00 $ 20,863.50 $ 5,348.00 $ yes 

$ 

2 Andrew Wolfe [Dkt. No. 2259] 8/1/2017 - 9/30/2017 50,000.00 $ - $ 7,526.14 $ 158.28 $ no 

$ 

3-a Ankura Consulting Group, LLC [Dkt. No. 2148] 6/1/2017 - 9/30/2017 1,961,754.00 $ 35,983.64 $ 63,804.29 $ - $ no 

$ 

Financial Advisors to PREPA

3-b Ankura Consulting Group, LLC [Dkt. No. 2142] 7/2/2017 - 9/30/2017 2,260,252.50 $ 35,983.64 $ 129,303.57 $ - $ no 

$ 

Totals Unresolved 4,561,698.05 $ 72,247.28 $ 221,497.50 $ 5,506.28 $ - $ 

$ 

Financial Advisors to the Puerto Rico Fiscal Agency and Financial Advisory AuthorityIndependent Contractor to Debtors

Bankruptcy Counsel to Debtors

 18598889.1

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