IN THE 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

No. 17 BK 3283-LTS

(Jointly Administered)

AMENDED AND SUPPLEMENTED PROTECTIVE ORDER

WHEREAS, on May 31, 2018, the Court entered a Protective Order by and between the 

Commonwealth of Puerto Rico (the “Commonwealth”), the Financial Oversight and Management 

Board for Puerto Rico (the “Oversight Board”), and the Puerto Rico Fiscal Agency and Financial 

Advisory Authority (“AAFAF”) (collectively, “Respondents”), the Ad Hoc Group of General 

Obligation Bondholders (“GO Group”), Assured Guaranty Corp. (“AGC”), Assured Guaranty 

Municipal Corp. (f/k/a Financial Security Assurance Inc.) (“AGM” and, together with AGC, 

“Assured”), the Mutual Fund Group, and National Public Finance Guarantee Corporation 

(“National”) (collectively “Movants”) and the QTCB Noteholder Group (Dkt. No. 3216) (the 

“Original Protective Order”); 

 

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). (Title III Case numbers are listed as bankruptcy case numbers due to software limitations). 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 1 of 26
2

WHEREAS the Court has ordered that Respondents produce to Altair Global Credit 

Opportunities Fund (A), LLC; Andalusian Global Designated Activity Company; Glendon 

Opportunities Fund, L.P.; Mason Capital Master Fund LP; Nokota Capital Master Fund, L.P.; 

Oaktree-Forrest Multi-Strategy, LLC (SERIES B); Oaktree Opportunities Fund IX, L.P.; Oaktree 

Opportunities Fund IX (PARALLEL 2), L.P.; Oaktree Value Opportunities Fund, L.P.; Ocher 

Rose, L.L.C.; and SV Credit, L.P. (collectively, the “ERS Joinder Parties”), Financial Guarantee 

Insurance Company (“FGIC”), the Official Committee of Retired Employees (the “Retiree 

Committee”), the Official Committee of Unsecured Creditors (the “UCC”), and the QTCB 

Noteholder Group (collectively with the ERS Joinder Parties, FGIC, the Retiree Committee, and 

the UCC, the “Joinder Parties”) any documents that Respondents produce to Movants in 

connection with the Court’s December 15, 2017 Order Authorizing Examination pursuant to Rule 

2004 of the Federal Rules of Bankruptcy Procedure (“Rule 2004”) (Dkt. No. 2033); 

WHEREAS, certain of the Joinder Parties are not signatories to the Original Protective 

Order; 

WHEREAS, Movants, Respondents, the Joinder Parties, and all signatories to this order 

(collectively, the “Parties”) agree to amend and supplement the Original Protective Order to 

include all of the Joinder Parties; 

WHEREAS, Respondents possess confidential, proprietary, and commercially sensitive 

information that Respondents will disclose to Movants and to the Joinder Parties in connection 

with the Court’s December 15, 2017 Order Authorizing Examination pursuant to Rule 2004 of the 

Federal Rules of Bankruptcy Procedure (“Rule 2004”) (Dkt. No. 2033), and that Respondents also 

may need to disclose to Movants and the Joinder Parties in connection with future orders 

authorizing examination pursuant to Rule 2004; 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 2 of 26
3

WHEREAS, the Parties have, through counsel, stipulated to the entry of this Amended and 

Supplemented Protective Order (“Order”) pursuant to Rule 26 of the Federal Rules of Civil 

Procedure, made applicable to this Title III proceeding by Rule 7026 of the Federal Rules of 

Bankruptcy Procedure, to facilitate discovery in the Title III proceeding while protecting such 

confidential information from improper disclosure and use; and

WHEREAS, the Parties have established good cause for entry of this Order,

IT IS HEREBY ORDERED as follows:

DEFINITIONS

1. “Material” shall mean and refer to all documents and electronically stored 

information, within the meaning of Rule 34 of the Federal Rules of Civil Procedure, made 

applicable to this Title III proceeding by Rule 7034 of the Federal Rules of Bankruptcy Procedure, 

as well as any deposition testimony, deposition exhibits, interrogatory responses, responses to 

requests for admission, responses to production requests, responses to deposition on written 

questions and other written, recorded, electronic, or graphic materials produced or made available 

by any Respondent or non-party, as well as any information contained in any of above items.

2. “Confidential” or “Confidential Material” shall mean and refer to any 

Material produced by any Respondent or non-party (each referred to herein as a “Producing Party”) 

that the Producing Party considers in good faith to contain commercial, financial, trade secret, 

research and development, or personal information of a proprietary nature that is not known to, or 

has not generally been made available to, the public or other information the disclosure of which, 

in the good faith judgment of the Producing Party, would be detrimental to the conduct of the

Producing Party’s business or official functions.

3. “Qualified Persons” shall mean and refer to:

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 3 of 26
4

(a) Employees of the Parties and their affiliates, House Counsel, 

Outside Counsel of Record for each Party and their paralegals and 

other professional personnel including support and IT staff to whom 

disclosure of information is necessary for the litigation of this Title 

III proceeding; 

(b) testifying or consulting experts retained by any Party and their 

associates or other professional personnel including support and IT 

staff, and consultants to the Parties and their affiliates to whom 

disclosure of information is necessary for the litigation of this Title 

III proceeding;

(c) any mediator retained by the parties or appointed by the Court in 

this Title III proceeding and employees of such mediator who are 

assisting in the conduct of the mediation;

(d) deposition witnesses;

(e) the Court and all persons assisting the Court in this Title III 

proceeding, including law clerks, court reporters, translators, and 

clerical personnel;

(f) translators and outside litigation support vendors (including 

commercial copying and imaging services, vendors assisting with 

electronic discovery matters, and trial consultants) retained by a 

Party in connection with this Title III proceeding;

(g) persons who are authors, addressees, and recipients of documents 

containing Confidential Material to the extent they have previously 

had lawful access to such documents; and

(h) professional court reporters and their staff engaged to transcribe 

testimony in this Title III proceeding.

4. “House Counsel” shall mean and refer to attorneys who are employees of a 

Party or an affiliate of a Party.

5. “Outside Counsel of Record” shall mean and refer to attorneys who are not 

employees of a Party but are retained to represent or advise a Party and have appeared in this 

matter on behalf of that Party or are affiliated with a law firm which has appeared on behalf of that 

Party, or contract or temporary attorneys who have been retained, through an agency or directly, 

by a law firm which has appeared on behalf of a Party.

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 4 of 26
5

SCOPE AND INTERPRETATION OF THIS ORDER

6. This Protective Order shall be applicable to, and shall govern, all Material 

produced and disclosed pursuant to a Rule 2004 examination in the above titled Title III 

proceeding, and shall remain in effect until further order of the Court. The protections conferred 

by this Protective Order cover not only Confidential Material, but also (1) any information copied 

or extracted from Confidential Material; (2) all copies, excerpts, summaries, or compilations of 

Confidential Material; and (3) any testimony, conversations, or presentations by Parties or their 

counsel that might reveal Confidential Material. Issues relating to the use of Confidential Material 

may be revisited by the Parties and the Court in advance of any evidentiary hearing or trial in this 

Title III proceeding.

7. All Material, including, but not limited to, Confidential Material produced 

in this Title III proceeding, shall be used only in connection with this proceeding, and not for any 

other business, competitive, personal, private, public, or other purpose whatsoever. This Protective 

Order shall be binding on the Parties to this Title III proceeding and their successors, parents, 

subsidiaries, divisions, affiliates, employees, officials, agents, retained consultants and experts, 

and any persons or organizations over which they have direct control.

8. DESIGNATION OF CONFIDENTIAL MATERIAL. Any Respondent or 

non-party may designate any Material as Confidential material by affixing the legend 

“CONFIDENTIAL” to each item satisfying the definitions set forth above. For the avoidance of 

doubt, Material that Respondents have uploaded to the Intralinks Data Room is subject to 

Nondisclosure Agreements and, in the case of Material provided in connection with mediation, 

Rule 408 of the Federal Rules of Evidence 408 and the mediation agreements. If any Data Room 

Material is made subject to this Protective Order, whether by agreement of the Parties or by Court 

order, Respondents may designate any Material in the data room as Confidential Material subject 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 5 of 26
6

to this Order by written notice to the Movants within 21 days of the entry of this Order without the 

need to affix any additional marking or designation.

9. If a Respondent or non-party elects to make Confidential Material available 

for inspection, the producing party need not mark the Material in advance of any such inspection, 

but instead, if items are selected for copying, may affix the labels to the selected items at that time. 

All Confidential Material inspected, but not copied, is to be treated as Confidential.

10. Where a Respondent or non-party produces electronic files in native 

electronic format, such electronic files and documents may be designated for protection under this 

Protective Order by appending to the file names or designators information indicating whether the 

files contain Confidential Material, or by any other reasonable method for appropriately 

designating such information produced in electronic format, including by making such 

designations in reasonably accessible metadata associated with the files. Where Confidential 

Material is produced in electronic format on a disk or other medium that contains exclusively 

Confidential Material, the “CONFIDENTIAL” designation may be placed on the disk or other 

medium. When electronic files or documents in native form are printed for use at deposition, in a 

court proceeding, or for provision to any Qualified Person in accordance with the terms of this 

Protective Order, the Party printing the electronic files or documents shall affix a legend to the 

printed documents saying “CONFIDENTIAL” and include the production number and designation 

associated with the native file.

11. Whenever discovery is sought from a non-party, a copy of this Protective 

Order shall accompany the discovery request or subpoena. Any non-party producing Materials 

pursuant to a subpoena or otherwise (“Third-Party Material”) may also designate items as being 

Confidential at the time of production, and such designation will have the full effect given to such 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 6 of 26
7

labels by this Protective Order. If any Party chooses to challenge a non-party’s designation of 

Third-Party Material as “Confidential” under the procedures set forth in paragraph 15, the 

producing non-party, or the other Party, may oppose that challenge. However, nothing herein shall 

be deemed to permit non-parties to review or obtain any documents or things designated as 

Confidential by any Party other than in accordance with paragraphs 16-17.

12. In the case of deposition testimony and related exhibits, any Party may 

designate portions of the transcript (including exhibits) Confidential by making a statement to that 

effect on the record during the course of the deposition, or by written notice to the other Party 

within thirty (30) days after receipt of the transcript; provided that the entire deposition transcript 

shall be treated as Confidential prior to each Party’s designation or the expiration of the 30-day 

period, whichever comes first. If the designation is made during the course of the deposition, or if 

a witness believes an answer will require him to divulge Confidential Material, or if the attorney 

taking the deposition believes that the question will divulge Confidential Material, all persons not 

permitted access to such Confidential Material under the terms of this Protective Order shall be 

excluded from the deposition room and the designating party shall instruct the court reporter to 

place the legend “CONFIDENTIAL” on the pages containing that information and to place on the 

cover of the transcript the legend “CONTAINS CONFIDENTIAL MATERIALS.” Where the 

designation is made after receipt of the transcript, each Party shall be responsible for marking the 

designated transcripts with the appropriate legend, as instructed by the designating Party.

13. The failure to designate Material as Confidential shall not be deemed a 

waiver in whole or in part of the claim of confidentiality. Upon prompt notice from the producing 

Party of such failure to designate, the receiving Party shall cooperate to restore the confidentiality 

of the Confidential Material. No Party shall be held in breach of this Protective Order if, prior to 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 7 of 26
8

notification of such later designation, such Confidential Material had been disclosed or used in a 

manner inconsistent with such later designation. The producing Party shall provide substitute 

copies bearing the corrected designation. The receiving Party shall return or certify the destruction 

of the previously undesignated Material.

14. The Parties agree that inadvertent production of information that is subject 

to the attorney-client privilege, deliberative process privilege, or work-product immunity does not 

waive any privilege or immunity if a request for return of such documents or information is made 

promptly after the producing Party learns of its inadvertent production. A Party receiving a request 

for the return of inadvertently produced documents shall promptly return the inadvertently 

produced documents to the producing Party and destroy all remaining copies of the inadvertently 

produced documents, including electronic, paper, and other copies.

15. This Protective Order shall not foreclose any Party from seeking a ruling 

from the Court that a Party (or non-party) has improperly designated Material (or Third-Party 

Material) as Confidential Material. If a Party believes documents have been inappropriately 

labeled as Confidential, it shall identify with particularity the document(s) or information that it 

contends should be designated differently and state the grounds for each objection with 

particularity. Thereafter, the Parties (or Party and non-party) shall meet and confer in an attempt 

to resolve the dispute without Court intervention within five days of receipt of the written list of 

challenged documents. If the dispute cannot be resolved, the objecting Party may file with the 

Court a “Motion to Remove Confidential Designation.” The Party (or non-party) asserting 

confidentiality shall have the burden of establishing that the information should be protected from 

disclosure. Except as otherwise permitted under this Order, no Party shall disclose any Material 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 8 of 26
9

labeled Confidential unless and until there is an order from the Court ordering the designation to 

be removed.

TREATMENT OF CONFIDENTIAL MATERIAL

16. The substance or content of Confidential Material, as well as copies, notes 

and memoranda relating thereto, shall not be disclosed or made available to anyone other than 

Qualified Persons identified in paragraph 3(a) – (h), and no person shall disclose such information 

to those Qualified Persons identified in paragraph 3(b), (d), (f), or (h) herein without furnishing to 

such person a copy of this Protective Order and obtaining from that person an executed 

Confidentiality Agreement, the form of which is set forth in Exhibit A. Notwithstanding the 

foregoing, prior to the entry of this Stipulated Protective Order by the Court, Confidential Material 

may be shown to a Qualified Person identified in paragraph 3(b), (d), (f), or (h) if such person is 

shown a draft of this Protective Order and agrees to be bound by its terms. Such person must 

promptly execute a Confidentiality Agreement once this Protective Order is entered by the Court.

17. If any Qualified Person permitted access to Confidential Material receives 

a subpoena or documentary demand that encompasses any Confidential Material produced 

pursuant to this Protective Order, that Qualified Person shall object thereto and provide prompt 

written notice to the Party or non-party who originally produced the Confidential Material. If any 

Material designated as Confidential is disclosed, through inadvertence or otherwise, to anyone not 

authorized under the terms of this Protective Order, then the person inadvertently disclosing the 

Confidential Material shall use his or her best efforts to bind the recipient to the terms of this 

Protective Order. Such person shall be informed promptly of all the provisions of this Protective 

Order, identified to the non-disclosing Party, and requested to execute a Confidentiality Agreement 

the form of which is set forth as Exhibit A.

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 9 of 26
10

18. Any Confidential Material filed with or otherwise submitted to the Court 

shall be filed or submitted under seal consistent with the local rules for the United States 

Bankruptcy Court for the District of Puerto Rico, and any case management procedures governing 

this Title III proceeding. Any motion to file material under seal must include information sufficient 

to demonstrate that the sealed filing is warranted despite the First Amendment and common law 

rights of access to judicial documents. If any Confidential Material is used in any court proceeding, 

it shall not lose its designation through such use, and the Parties shall take all steps required to 

protect the confidentiality of the Confidential Material during such use, including but not limited 

to designating the portions of the hearing transcript concerning such Material as Confidential.

19. The restrictions imposed by this Protective Order may be modified or 

terminated only by written stipulation of the Parties or by order of the Court. This Protective Order 

shall not prevent any Party or non-party from seeking additional protective orders, or from seeking 

relief, including injunctive and/or other equitable remedies, or from asserting evidentiary 

objections, in a court of competent jurisdiction to prevent the disclosure or use of Confidential 

Material. This Court shall retain full and exclusive jurisdiction during the pendency of this case 

and thereafter to enforce this Protective Order and to grant relief for any violation thereof. All 

Parties to this agreement and all signatories of Exhibit A hereto explicitly consent to the 

jurisdiction of this Court for such purposes.

20. Nothing herein shall be construed as (a) preventing any Party from 

continuing to use any Material in the public domain or that subsequently becomes a part of the 

public domain other than as a result of any act of such Party or of disclosure in violation of this 

Protective Order; (b) limiting a Party’s use or disclosure of its own information designated as 

Confidential; (c) preventing the disclosure of Confidential Material with the consent of the 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 10 of 26
11

designating Party or non-party; or (d) preventing a Party from continuing to use any information 

or Material that it had the right to use and which was obtained independently of disclosure in this 

Title III proceeding.

21. Nothing herein shall be deemed to be a limitation upon, or a waiver of, the 

rights of the Parties or any objections the Parties may have, under the Federal Rules of Civil 

Procedure, the Federal Rules of Bankruptcy Procedure, or the Federal Rules of Evidence. 

RETURN OF CONFIDENTIAL MATERIALS

22. At the conclusion of this Title III Proceeding, by way of final judgment, 

settlement or otherwise, including all appeals, all Confidential Material, along with all copies, 

summaries and compilations thereof (except documents filed with the Court, depositions 

transcripts, and work product) shall be (a) returned to counsel for the designating Party or nonparty; or (b) destroyed (and certified by affidavit as having been destroyed) by counsel for the 

Party in possession thereof. If any person is unable to destroy or return the Confidential Material 

upon reasonable effort, or is prevented from destroying or returning such Material due to operation 

of law, this requirement shall be excused; however, all other duties with respect to the 

confidentiality of this Material shall remain in effect. At the conclusion of this Title III proceeding, 

the provisions of this Protective Order shall continue to be binding upon all persons subject to this 

Protective Order

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 11 of 26
12

SO STIPULATED: 

JIMÉNEZ, GRAFFAM & LAUSELL

By:/s/ J. Ramón Rivera Morales

J. Ramón Rivera Morales (USDC-PR No. 200701)

Andrés F. Picó Ramírez (USDC-PR No. 302114)

PO Box 366104

San Juan, PR 00936-6104

Telephone: (787) 767-1030

Email: rrivera@jgl.com

ROBBINS, RUSSELL, ENGLERT, ORSECK, UNTEREINER & SAUBER LLP

By:/s/ Kathryn S. Zecca

Lawrence S. Robbins

Mark T. Stancil 

Gary A. Orseck

Kathryn S. Zecca

Donald Burke

1801 K Street, NW

Washington, D.C. 20006

Telephone: (202) 775-4500

Email: lrobbins@robbinsrussell.com

 mstancil@robbinsrussell.com

 gorseck@robbinsrussell.com

 kzecca@robbinsrussell.com

 dburke@robbinsrussell.com

--and--

PAUL, WEISS, RIFKIND, WHARTON & GARRISON, LLP

Andrew N. Rosenberg

Kyle J. Kimpler

Karen R. Zeituni

1285 Avenue of the Americas

New York, NY 10019

Telephone: (212) 373-3000

Email: arosenberg@paulweiss.com

 kkimpler@paulweiss.com

 kzeituni@paulweiss.com 

Counsel for the Ad Hoc of Group of General Obligation Bondholders

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 12 of 26
13

FERRAIUOLI LLC

By:/s/ Roberto Cámara-Fuertes

Roberto Cámara-Fuertes (USDC-PR No. 219002)

Sonia Colón (USDC-PR No. 213809)

221 Ponce de León Avenue, 5th Floor

San Juan, PR 00917

Telephone: (787) 766-7000

Facsimile: (787) 766-7001

Email: rcamara@ferraiuoli.com

 scolon@ferraiuoli.com

-andMILBANK, TWEED, HADLEY & McCLOY LLP

By:/s/ Grant R. Mainland

Dennis F. Dunne

Andrew M. Leblanc

Atara Miller

Grant R. Mainland

(admitted pro hac vice)

28 Liberty Street

New York, NY 10005

Telephone: (212) 530-5770

Facsimile: (212) 822-5770

Email: ddunne@milbank.com

 aleblanc@milbank.com

 amiller@milbank.com

 gmainland@milbank.com

Attorneys for Ambac Assurance Corporation

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 13 of 26
14

CASELLAS ALCOVER & BURGOS P.S.C.

By:/s/ Heriberto Burgos Pérez

Heriberto Burgos Pérez

USDC-PR 204809

Ricardo F. Casellas-Sánchez

USDC-PR 203114

Diana Pérez-Seda

USDC-PR 232014

P.O. Box 364924

San Juan, PR 00936-4924

Telephone: (787) 756-1400

Facsimile: (787) 756-1401

Email: hburgos@cabprlaw.com

 rcasellas@cabprlaw.com

 dperez@cabprlaw.com

– and –

CADWALADER, WICKERSHAM & TAFT LLP

By:/s/ Howard R. Hawkins, Jr.

Howard R. Hawkins, Jr.

Mark C. Ellenberg

Ellen Halstead

Thomas J. Curtin

Casey J. Servais

200 Liberty Street

New York, NY 10281

Telephone: (212) 504-6000

Facsimile: (212) 406-6666

Email: howard.hawkins@cwt.com

 mark.ellenberg@cwt.com

 ellen.halstead@cwt.com

 thomas.curtin@cwt.com

 casey.servais@cwt.com

Attorneys for Assured Guaranty Corp. and Assured Guaranty Municipal Corp.

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 14 of 26
15

TORO, COLÓN, MULLET, RIVERA& SIFRE, P.S.C.

/s/ Manuel Fernández-Bared 

MANUEL FERNÁNDEZ-BARED

USDC-PR No. 204,204

E-mail: mfb@tcmrslaw.com 

/s/ Linette Figueroa-Torres_____

LINETTE FIGUEROA-TORRES

USDC-PR No. 227,104

E-mail: lft@tcmrslaw.com

/s/ Jane Patricia Van Kirk____

JANE PATRICIA VAN KIRK

USDC-PR No. 220,510

E-mail: jvankirk@tcmrslaw.com

P.O. Box 195383

San Juan, PR 00919-5383

Tel.: (787) 751-8999

Fax: (787) 763-7760

--and—

KRAMER LEVIN NAFTALIS & FRANKEL LLP

/s/ Gregory A. Horowitz

THOMAS MOERS MAYER

AMY CATON

GREGORY A. HOROWITZ

DOUGLAS BUCKLEY

1177 Avenue of the Americas

New York, New York 10036

Tel.: (212) 715-9100

Fax: (212) 715-8000

Email: tmayer@kramerlevin.com

acaton@kramerlevin.com

ghorowitz@kramerlevin.com 

dbuckley@kramerlevin.com

Counsel for the Mutual Fund Group

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 15 of 26
16

ADSUDAR MUÑOZ GOYCO SEDA & PÉREZ-OCHOA, PSC, P.S.C.

By: /s/ Eric Pérez-Ochoa

Eric Pérez-Ochoa (USDC-PR No. 206314)

Alexandra Casellas-Cabrera (USDC-PR. No. 301010)

Lourdes Arroyo Portela (USDC-PR 226501)

208 Ponce de León Avenue, Suite 1600

San Juan, Puerto Rico 00936

Telephone: (787) 756-9000

Facsimile: (787) 756-9010

Email: epo@amgprlaw.com

acasellas@amgprlaw.com

larroyo@amgprlaw.com

– and –

WEIL, GOTSHAL & MANGES LLP

By: /s/ Jared R. Friedmann

Marcia Goldstein 

Jonathan Polkes 

Jared R. Friedmann

Adam J. Bookman

767 Fifth Avenue

New York, New York 10153

Telephone: (212) 310-8000

Facsimile: (212) 310-8007

Email: marcia.goldstein@weil.com

jonathan.polkes@weil.com

jared.friedmann@weil.com

adam.bookman@weil.com

Attorneys for National Public Finance Guarantee Corporation

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 16 of 26
17

DELGADO & FERNÁNDEZ, LLC

By:/s/ Alfredo Fernández-Martínez

Alfredo Fernández-Martínez

PO Box 11750

Fernández Juncos Station

San Juan, Puerto Rico 00910-1750

Tel. (787) 274-1414

Fax: (787) 764-8241

afernandez@delgadofernandez.com

USDC-PR 210511

--and--

By:/s/ Bruce Bennett

Bruce Bennett (pro hac vice)

555 South Flower Street

Fiftieth Floor

Los Angeles, California 90071

Tel. (213) 489-3939

Fax: (213) 243-2539

bbennett@jonesday.com

Benjamin Rosenblum (pro hac vice)

250 Vesey Street

New York, NY 10281

Tel. (212) 326-3939

Fax: (212) 755-7306

brosenblum@jonesday.com

Geoffrey S. Stewart (pro hac vice)

Beth Heifetz (pro hac vice)

Christopher DiPompeo (pro hac vice)

51 Louisiana Ave. N.W.

Washington, DC 20001

Tel. (202) 879-3939

Fax: (202) 626-1700

gstewart@jonesday.com

bheifetz@jonesday.com

cdipompeo@jonesday.com

Counsel for Altair Global Credit

Opportunities Fund (A), LLC, Andalusian

Global Designated Activity Company,

Glendon Opportunities Fund, L.P., Mason

Capital Master Fund LP, Nokota Capital

Master Fund, L.P., Oaktree-Forrest MultiStrategy, LLC (Series B), Oaktree

Opportunities Fund IX, L.P., Oaktree

Opportunities Fund IX (Parallel 2), L.P.,

Oaktree Value Opportunities Fund, L.P.,

Ocher Rose, L.L.C., and SV Credit, L.P.

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 17 of 26
18

REXACH & PICÓ, CSP BUTLER SNOW LLP

By:/s/ María E. Picó

María E. Picó

USDC-PR 123214

802 Ave. Fernández Juncos

San Juan PR 00907-4315

Telephone: (787) 723-8520

Facsimile: (787) 724-7844

E-mail: mpico@rexachpico.com

--and--

By:/s/ Martin A. Sosland

Martin A. Sosland (pro hac vice)

5430 LBJ Freeway, Suite 1200

Dallas, TX 75240

Telephone: (469) 680-5502

Facsimile: (469) 680-5501

E-mail: martin.sosland@butlersnow.com

Stanford G. Ladner (pro hac vice)

1700 Broadway, 41st Floor

New York, NY 10019

Telephone: (646) 606-3996

Facsimile: (646) 606-3995

E-mail: stan.ladner@butlersnow.com

Christopher R. Maddux (pro hac vice)

J. Mitchell Carrington (pro hac vice)

1020 Highland Colony Parkway, Suite 1400

Ridgeland, MS 39157

Telephone: (601) 985-2200

Facsimile: (601) 985-4500

E-mail: chris.maddux@butlersnow.com

mitch.carrington@butlersnow.com

Jason W. Callen (pro hac vice)

150 3rd Avenue, South, Suite 1600

Nashville, TN 37201

Telephone: (615) 651-6774

Facsimile: (615) 651-6701

E-mail: jason.callen@butlersnow.com

Attorneys for Financial Guaranty Insurance

Company

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 18 of 26
19

JENNER & BLOCK LLP

By:/s/ Robert Gordon

Robert Gordon (admitted pro hac vice)

Richard Levin (admitted pro hac vice)

919 Third Ave

New York, NY 10022-3908

rgordon@jenner.com

rlevin@jenner.com

212-891-1600 (telephone)

212-891-1699 (facsimile)

Catherine Steege (admitted pro hac vice)

Melissa Root (admitted pro hac vice)

353 N. Clark Street

Chicago, IL 60654

csteege@jenner.com

mroot@jenner.com

312-222-9350 (telephone)

312-239-5199 (facsimile)

--and--

BENNAZAR, GARCÍA & MILIÁN, C.S.P.

By:/s/ A.J. Bennazar-Zequeira

A.J. Bennazar-Zequeira

Edificio Union Plaza

PH-A piso 18

Avenida Ponce de León #416

Hato Rey, San Juan

Puerto Rico 00918

ajb@bennazar.org

787-754-9191 (telephone)

787-764-3101 (facsimile)

Counsel for The Official Committee of Retired

Employees of Puerto Rico

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 19 of 26
20

PAUL HASTINGS LLP

By:/s/ Luc A. Despins, Esq.

Luc A. Despins, Esq. (Pro Hac Vice)

G. Alexander Bongartz, Esq. (Pro Hac Vice)

200 Park Avenue 

New York, New York 10166

Telephone: (212)318-6000 

lucdespins@paulhastings.com 

jamesbliss@paulhastings.com

jamesworthington@paulhastings.com

alexbongartz@paulhastings.com

Nicholas A. Bassett, Esq. (Pro Hac Vice)

875 15th Street, N.W.

Washington, D.C. 20005

Telephone: (202)551-1700

nicholasbassett@paulhastings.com

Counsel to the Official Committee of Unsecured Creditors for all title III Debtors (except for 

COFINA)

- and -

CASILLAS, SANTIAGO & TORRES LLC

Juan J. Casillas Ayala, Esq., USDC - PR 218312

Diana M. Batlle-Barasorda, Esq., USDC - PR 213103

Alberto J. E. Añeses Negrón, Esq., USDC - PR 302710

Ericka C. Montull-Novoa, Esq., USDC - PR 230601 

El Caribe Office Building

53 Palmeras Street, Ste. 1601

San Juan, Puerto Rico 00901-2419

Telephone: (787)523-3434

jcasillas@cstlawpr.com

dbatlle@cstlawpr.com

aaneses@cstlawpr.com 

emontull@cstlawpr.com

Local Counsel to the Official Committee of Unsecured Creditors for all title III Debtors (except 

for COFINA)

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 20 of 26
21

BRACEWELL LLP

/s/ Kurt A. Mayr

Kurt A. Mayr (pro hac vice)

David L. Lawton (pro hac vice)

City Place I, 34th Floor

185 Asylum Street

Hartford, CT 06103

Telephone: (860) 256-8534

Email: kurt.mayr@bracewell.com

Email: david.lawton@bracewell.com

-andCORREA ACEVEDO & ABESADA LAW OFFICES, P.S.C.

Centro Internacional de Mercadeo, Torre II

# 90 Carr. 165, Suite 407

Guaynabo, P.R. 00968

Tel. (787) 273-8300; Fax (787) 273-8379

/s/ Roberto Abesada-Argüet

Roberto Abesada-Agüet 

USDC-PR No. 216706

E-Mail: ra@calopsc.com

/s/ Sergio E. Criado

Sergio E. Criado

USDC-PR No. 226307

E-Mail: scriado@calopsc.com

Co-Counsel for the QTCB Noteholder Group

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 21 of 26
22

O'NEILL & BORGES LLC

By:/s/ Hermann D. Bauer

Hermann D. Bauer

USDC No. 215205

250 Muñoz Rivera Ave., Suite 800

San Juan, PR 00918-1813

Tel: (787) 764-8181

Fax: (787) 753-8944

Email: hermann.bauer@oneillborges.com

--and--

PROSKAUER ROSE LLP

By:/s/ Gregg M. Mashberg

Martin J. Bienenstock (pro hac vice)

Stephen L. Ratner (pro hac vice)

Gregg M. Mashberg (pro hac vice)

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Email: mbienenstock@proskauer.com

 sratner@proskauer.com

Timothy W. Mungovan (pro hac vice)

One International Place

Boston, MA 02110

Tel: (617) 526-9600

Fax: (617) 526-9899

Email: tmungovan@proskauer.com

Attorneys for the Financial Oversight and Management Board for Puerto Rico, as 

representative of The Commonwealth of Puerto Rico

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 22 of 26
23

O'MELVENY & MYERS LLP

By:/s/ Elizabeth L. McKeen

John J. Rapisardi (Pro Hac Vice)

7 Times Square

New York, NY 10036

Tel: (212) 326-2000

Fax: (212) 326-2061

Peter Friedman (Pro Hac Vice)

1625 Eye Street, NW

Washington, DC 20006

Tel: (202) 383-5300

Fax: (202) 383-5414

-andElizabeth L. McKeen (Pro Hac Vice)

610 Newport Center Drive, 17th Floor

Newport Beach, CA 92660

Tel: +1-949-823-6900

Fax: +1-949-823-6994

Attorneys for the Puerto Rico Fiscal Agency and Financial Advisory Authority 

MARINI PIETRANTONI MUÑIZ LLC

By:/s/ Luis C. Marini-Biaggi

Luis C. Marini-Biaggi

USDC No. 222301 

Carolina Velaz-Rivero

USDC No. 300913

MCS Plaza, Suite 500

255 Ponce de León Ave.

San Juan, Puerto Rico 00917

Tel: (787) 705-2171

Fax: (787) 936-7494

Co-Attorneys for the Puerto Rico Fiscal Agency and Financial Advisory Authority 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 23 of 26
24

SO ORDERED.

Dated: June ____, 2018

/s/ _____________________

JUDITH GAIL DEIN

United States Magistrate Judge

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 24 of 26
EXHIBIT A

IN THE 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.2

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

CONFIDENTIALITY AGREEMENT

I, , state that:

1. My address is _____________________________________________________.

2. My present employer is _____________________________________________.

3. My present occupation or job description is _____________________________

__________________________________________________________________

_________________________________________________________________.

4. I have received a copy of the Protective Order entered in the above-entitled action 

on _______________________.

 

2

 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). (Title III Case numbers are listed as bankruptcy case numbers due to software limitations). 

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 25 of 26
- 2 -

5. I have carefully read and understand the provisions of the Protective Order.

6. I will comply with all of the provisions of the Protective Order.

7. I will hold in confidence, will not disclose to anyone not qualified under the 

Protective Order, and will use only for purposes of this action, any Confidential Material that is 

disclosed to me.

8. I will return all Confidential Information that comes into my possession, and 

documents or things that I have prepared relating thereto, to counsel for the party by whom I am 

employed or retained, or to counsel from whom I received the Confidential Material.

9. I hereby submit to the jurisdiction of this Court for the purpose of enforcement of 

the Protective Order.

Dated: ______________ _________________________

Case:17-03283-LTS Doc#:3331 Filed:06/20/18 Entered:06/20/18 19:29:51 Desc: Main

Document Page 26 of 26