180828 ORD RE UCC STAY MOT EXT.DOCX VERSION AUGUST 28, 2018

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 

Case No. 17 BK 3283-LTS 

(Jointly Administered) 

OFFICIAL COMMITTEE OF UNSECURED 

CREDITORS OF PUERTO RICO

Movant, 

v.

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO

as representative of

THE COMMONWEALTH OF PUERTO RICO, et al., 

Respondents. 

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). 

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ORDER ON UNOPPOSED URGENT MOTION FOR AN EXTENSION OF TIME TO 

FILE AN OBJECTION TO URGENT MOTION OF OFFICIAL COMMITTEE OF 

UNSECURED CREDITORS 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 consideration of the urgent motion (Docket Entry No. 3818) (the “Urgent Motion”) 

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

representative of the Commonwealth of Puerto Rico (the “Commonwealth”), the Puerto Rico 

Sales Tax Financing Corporation (“COFINA”), the Puerto Rico Highways and Transportation 

Authority (“HTA”), the Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”), and the Puerto Rico Electric Power Authority 

(“PREPA” and together with the Commonwealth, COFINA, HTA, and ERS, the “Debtors”), in 

these Title III cases pursuant to section 315(b) of the Puerto Rico Oversight, Management, and 

Economic Stability Act (“PROMESA”),2 for an order extending the time to file an objection in 

response to the 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 [ECF No. 3797], filed by the Official Committee of Unsecured Creditors (the 

“Motion”), to August 31, 2018 at 4:00 p.m. (AST); and it appearing that (i) the Court has 

jurisdiction over this matter pursuant to 28 U.S.C. § 1331 and 48 U.S.C. § 2166(a), (ii) that 

venue of this proceeding and the Urgent Motion is proper under 28 U.S.C. § 1391(b) and 48 

U.S.C. § 2167(a), (iii) that notice of the Urgent Motion was adequate and proper under the 

circumstances and that no further or other notice need be given; and after due deliberation and 

sufficient cause appearing therefore, it is hereby ORDERED that:

 

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

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

2. The Oversight Board’s objection to the UCC’s Motion shall be due on or before 

August 31, 2018 at 4:00 p.m. (AST).

3. The Court shall retain jurisdiction to hear and determine all matters arising from 

the implementation of this Order.

4. This order resolves Docket Entry No. 3818.

Dated: August 28, 2018

/s/ Laura Taylor Swain

UNITED STATES DISTRICT JUDGE

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