180823 ORD RE SCHED UCC STAY MOT.DOCX VERSION AUGUST 23, 2018 1

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

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:

In re: :

:

THE FINANCIAL OVERSIGHT AND : PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, : Title III

:

as representative of : Case No. 17-BK-3283 (LTS)

:

THE COMMONWEALTH OF PUERTO RICO et al., : (Jointly Administered)

:

Debtors.1 :

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ORDER EXPEDITING CONSIDERATION OF URGENT MOTION OF OFFICIAL 

COMMITTEE OF UNSECURED CREDITORS, PURSUANT TO BANKRUPTCY CODE 

SECTIONS 105(a) AND 362, FOR ENTRY OF ORDER ENFORCING AUTOMATIC 

STAY AND COURT’S JUNE 29, 2017 ORDER CONFIRMING APPLICATION OF

AUTOMATIC STAY WITH RESPECT TO GDB RESTRUCTURING

Upon the Urgent Motion of Official Committee of Unsecured Creditors to Expedite 

Consideration of Urgent Motion of Official Committee of Unsecured Creditors, Pursuant to 

Bankruptcy Code Section 105(a) and 362, for Entry of Order Enforcing Automatic Stay and 

Court’s June 29, 2017 Order Confirming Application of Automatic Stay with Respect to GDB 

Restructuring (the “Urgent Motion”);2 and the Court having found and determined that that (i) 

the court has jurisdiction to consider the Urgent Motion and the relief requested therein pursuant 

to section 306 of PROMESA; (ii) venue is proper before this court pursuant to section 307(a) of 

 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-BK3283 (LTS)) (Last Four Digits of Federal Tax ID: 3481), (ii) 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), (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case 

No. 17-BK-3567 (LTS)) (Last Four Digits of Federal Tax ID: 3808), (iv) Puerto Rico Sales Tax Financing 

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

8474), and (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last 

Four Digits of Federal Tax ID: 3747).

2 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Urgent 

Motion. 

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PROMESA; (iii) cause exists to shorten the notice period as requested in the Urgent Motion; and 

(iv) due and proper notice of the Urgent Motion has been provided under the particular 

circumstances and no other or further notice need be provided; and any objections to the relief 

requested in the Urgent Motion having been withdrawn or overruled; and after due deliberation 

and sufficient cause appearing therefor, it is HEREBY ORDERED THAT:

1. The Urgent Motion is GRANTED as set forth herein.

2. Objections or responses, if any to the Stay Motion must be filed and served (in 

accordance with the Fifth Amended Case Management Procedures Order) by 4:00 p.m. (AST) 

on August 29, 2018.

3. Replies in further support of the Stay Motion must be filed and served (in 

accordance with the Fifth Amended Case Management Procedures Order) by 12:00 p.m. (AST) 

on September 6, 2018.

4. The court shall determine whether to schedule a hearing on the Stay Motion after 

the filing of the Committee’s reply (if any).

5. The terms and conditions of this Order shall be immediately effective and 

enforceable upon its entry. 

6. The Committee is authorized to take all actions necessary to effectuate the relief 

granted pursuant to this Order.

7. The court retains jurisdiction over any disputes relating to the interpretation or 

implementation of this Order.

8. This Order resolves Docket Entry No. 3798.

Dated: August 23, 2018 /s/ Laura Taylor Swain

HONORABLE LAURA TAYLOR SWAIN 

UNITED STATES DISTRICT JUDGE

Case:17-03283-LTS Doc#:3800 Filed:08/23/18 Entered:08/23/18 11:27:58 Desc: Main

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