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)

In re:

The Financial Oversight and Management Board for 

Puerto Rico, 

as representative of

The Commonwealth of Puerto Rico,

Debtor.

PROMESA

Title III

No. 17 BK 3283-LTS

In re:

The Financial Oversight and Management Board for 

Puerto Rico, 

as representative of

Puerto Rico Sales Tax Financing Corporation 

(“COFINA”),

Debtor.

PROMESA

Title III

No. 17 BK 3284-LTS

This Document Relates to:2

17 BK 3283; 17 BK 3284

NOTICE OF FILING MOTION FOR RELIEF FROM AUTOMATIC STAY

AND NOTICE OF HEARING THEREON

 

1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations 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); and (ii) Puerto Rico Sales Tax Financing Corporation 

(“COFINA”) (Bankruptcy Case No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474).

2

Pursuant to Paragraph 5 of the Joint Administration Order entered in lead Case No. 17 BK 3283-LTS [ECF No. 

242], this pleading will be filed in both the lead Case No. 17 BK 3283-LTS and in Case No. 17 BK 3284-LTS.

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PLEASE TAKE NOTICE that on June 7, 2017, mutual funds managed by 

OppenheimerFunds, Inc., Franklin Advisers, Inc., and the First Puerto Rico Family of Funds (the 

“Mutual Fund Group”), and (ii) the Puerto Rico Funds,3(together with the Mutual Fund 

Group, the “Movants”), filed a Motion for Relief from the Automatic Stay (the “Motion”).

PLEASE TAKE FURTHER NOTICE that any responses or objections to the Motion 

(“Objections”) must be in writing, must conform to the Federal Rules of Bankruptcy Procedure 

(the “Bankruptcy Rules”), and must be filed with the Court (a) by registered users of the 

Court’s case filing system, electronically in accordance with rule 5 of the Local Rules for the 

District of Puerto Rico (the “Local District Court Rules”), and (b) by all other parties in 

interest, on a CD-ROM, in text-searchable portable document format (PDF), and served on (i) 

counsel for the Oversight Board, Proskauer Rose LLP, Eleven Times Square, New York, New 

York 10036-8299 (Attn: Martin J. Bienenstock and Stephen L. Ratner), and O’Neill & Borges 

LLC, 250 Muñoz Rivera Ave., Suite 800, San Juan, PR 00918-1813 (Attn: Hermann D. Bauer, 

Esq.); (ii) the Puerto Rico Fiscal Agency and Financial Advisory Authority, Roberto Sáchez 

Vilella (Minillas) Government Center, De Diego Ave. Stop 22, San Juan, Puerto Rico 00907; 

(iii) counsel for the Puerto Rico Fiscal Agency and Financial Advisory Authority, O’Melveny & 

Myers LLP, 7 Times Square, New York, New York 10036 (Attn: John J. Rapisardi, Esq., 

Suzzanne Uhland, Esq., Peter Friedman, Esq., and Diana M. Perez, Esq.), and Law Offices of 

 

3 The Puerto Rico Funds are the following Puerto Rico-based funds: Puerto Rico AAA Portfolio Bond Fund II, Inc.; 

Puerto Rico AAA Portfolio Bond Fund, Inc.; Puerto Rico AAA Portfolio Target Maturity Fund, Inc.; Puerto Rico 

Fixed Income Fund, Inc.; Puerto Rico Fixed Income Fund II, Inc.; Puerto Rico Fixed Income Fund III, Inc.; Puerto 

Rico Fixed Income Fund IV, Inc.; Puerto Rico Fixed Income Fund V, Inc.; Puerto Rico Fixed Income Fund VI, Inc.; 

Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc.; Puerto Rico Investors Bond Fund I; Puerto 

Rico Investors Tax-Free Fund, Inc.; Puerto Rico Investors Tax-Free Fund, Inc. II; Puerto Rico Investors Tax-Free 

Fund III, Inc.; Puerto Rico Investors Tax-Free Fund IV, Inc.; Puerto Rico Investors Tax-Free Fund V, Inc.; Puerto 

Rico Investors Tax-Free Fund VI, Inc.; Puerto Rico Mortgage-Backed & U.S. Government Securities Fund, Inc.; 

Tax-Free Puerto Rico Fund, Inc.; Tax-Free Puerto Rico Fund II, Inc.; Tax-Free Puerto Rico Target Maturity Fund, 

Inc.; and UBS IRA Select Growth & Income Puerto Rico Fund. 

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Andrés W. López, Esq., 902 Fernández Juncos Ave., San Juan, PR 09007 (Attn: Andrés W. 

López, Esq.); (iv) the Office of the United States Trustee for Region 21, Edificio Ochoa, 500 

Tanca Street, Suite 301, San Juan, PR 00901-1922; and (v) on the parties in the Master List 

maintained pursuant to the First Amended Case Management Procedures [ECF No. 262] and 

found at https://cases.primeclerk.com/puertorico/Home-Index. 

PLEASE TAKE NOTICE that the date and time of the applicable objection deadline for 

the Motion is June 20, 2017 a 4:00 p.m. (Atlantic Time). 

PLEASE TAKE NOTICE that the date of the hearing at which the Motion shall be 

considered by the Court is June 28, 2017 at 9:30 a.m. at the Clemente Ruiz Nazario United States 

Courthouse, at 150 Carlos Chardon Avenue, San Juan, Puerto Rico.

PLEASE TAKE NOTICE that the relief requested in the Motion may be granted by the 

Court without a hearing if no objection is timely filed and served in accordance with the Court’s 

First Amended Case Management Procedures [ECF No. 262]. 

I hereby certify that, on this same date, I electronically filed the foregoing with the clerk 

of the Court using the CM/ECF system, which will notify the attorneys of record.

RESPECTFULLY SUBMITTED, 

In San Juan, Puerto Rico, today June 7, 2017. 

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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

Counsel to the Mutual Fund Group

KRAMER LEVIN NAFTALIS & 

FRANKEL LLP

s/ Philip Bentley 

THOMAS MOERS MAYER*

AMY CATON*

PHILIP BENTLEY*

DAVID E. BLABEY JR.*

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

pbentley@kramerlevin.com

dblabey@kramerlevin.com

dbuckley@kramerlevin.com

*(admitted pro hac vice)

Counsel to the Mutual Fund Group

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By:

/s/ José C. Sánchez-Castro

José C. Sánchez-Castro

USDC-PR 213312

janchez@lsplawpr.com

Alicia I. Lavergne-Ramírez

USDC-PR 215112

alavergne@lsplawpr.com

Maraliz Vázquez-Marrero

USDC-PR 225504

mvazquez@lsplawpr.com

LÓPEZ SÁNCHEZ & PIRILLO LLC

270 Muñoz Rivera Avenue, Suite 1110

San Juan, PR 00918

Tel. (787) 522-6776

Fax: (787) 522-6777

Counsel for Puerto Rico AAA Portfolio Bond Fund II,

Inc., Puerto Rico AAA Portfolio Bond Fund, Inc., Puerto

Rico AAA Portfolio Target Maturity Fund, Inc., Puerto

Rico Fixed Income Fund, Inc., Puerto Rico Fixed Income

Fund II, Inc., Puerto Rico Fixed Income Fund III, Inc.,

Puerto Rico Fixed Income Fund IV, Inc., Puerto Rico

Fixed Income Fund V, Inc., Puerto Rico Fixed Income

Fund VI, Inc., Puerto Rico GNMA & U.S. Government

Target Maturity Fund, Inc., Puerto Rico Investors Bond

Fund I, Puerto Rico Investors Tax-Free Fund, Inc.,

Puerto Rico Investors Tax-Free Fund, Inc. II, Puerto Rico

Investors Tax-Free Fund III, Inc., Puerto Rico Investors

Tax-Free Fund IV, Inc., Puerto Rico Investors Tax-Free

Fund V, Inc., Puerto Rico Investors Tax-Free Fund VI,

Inc., Puerto Rico Mortgage-Backed & U.S. Government

Securities Fund, Inc., Tax-Free Puerto Rico Fund, Inc.,

Tax-Free Puerto Rico Fund II, Inc., Tax-Free Puerto

Rico Target Maturity Fund, Inc. and UBS IRA Select

Growth & Income Puerto Rico Fund

/s/ John K. Cunningham

Glenn M. Kurtz (pro hac vice)

John K. Cunningham (pro hac vice)

WHITE & CASE LLP

1221 Avenue of the Americas

New York, NY 10036

Tel. (212) 819-8200

Fax (212) 354-8113

gkurtz@whitecase.com

jcunningham@whitecase.com

Jason N. Zakia (pro hac vice)

WHITE & CASE LLP

200 S. Biscayne Blvd., Suite 4900

Miami, FL 33131

Tel. (305) 371-2700

Fax (305) 358-5744

jzakia@whitecase.com

Counsel for Puerto Rico AAA Portfolio Bond Fund

II, Inc., Puerto Rico AAA Portfolio Bond Fund,

Inc., Puerto Rico AAA Portfolio Target Maturity

Fund, Inc., Puerto Rico Fixed Income Fund, Inc.,

Puerto Rico Fixed Income Fund II, Inc., Puerto

Rico Fixed Income Fund III, Inc., Puerto Rico

Fixed Income Fund IV, Inc., Puerto Rico Fixed

Income Fund V, Inc., Puerto Rico Fixed Income

Fund VI, Inc., Puerto Rico GNMA & U.S.

Government Target Maturity Fund, Inc., Puerto

Rico Investors Bond Fund I, Puerto Rico Investors

Tax-Free Fund, Inc., Puerto Rico Investors TaxFree Fund, Inc. II, Puerto Rico Investors Tax-Free

Fund III, Inc., Puerto Rico Investors Tax-Free

Fund IV, Inc., Puerto Rico Investors Tax-Free

Fund V, Inc., Puerto Rico Investors Tax-Free

Fund VI, Inc., Puerto Rico Mortgage-Backed &

U.S. Government Securities Fund, Inc., Tax-Free

Puerto Rico Fund, Inc., Tax-Free Puerto Rico

Fund II, Inc., Tax-Free Puerto Rico Target

Maturity Fund, Inc. and UBS IRA Select Growth &

Income Puerto Rico Fund

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