UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

As a representative of 

THE COMMONWEALTH OF PUERTO RICO

et al., 

Debtors.1

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PROMESA 

Title III 

No. 17 BK 3283-LTS 

(Jointly Administered) 

Re: ECF Dkt. Nos. 14523, 16155, 16156, 

16157, 16158, 16782, 17660 

Hearing date: August 17, 2022, at 9:30 

a.m. (AST) 

FEE EXAMINER’S REPORT ON UNCONTESTED PRE-PRRADA PROFESSIONAL 

FEE MATTERS FOR CONSIDERATION IN CONNECTION WITH THE 

AUGUST 17, 2022, OMNIBUS HEARING 

I. STATUS REPORT ON INTERIM AND FINAL FEE REVIEW PROCESS 

IN LIGHT OF PRRADA AND HTA PLAN CONFIRMATION 

II. SUMMARY OF UNCONTESTED FEE APPLICATIONS FOR THE 

THIRTEENTH INTERIM (JUNE 1, 2021-SEPTEMBER 30, 2021) AND 

PRIOR COMPENSATION PERIODS 

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) Puerto Rico Public Buildings Authority (“PBA”) 

(Bankruptcy Case No. 19-BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are 

listed as Bankruptcy Case numbers due to software limitations). 

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III. NOTICE OF DEFERRAL OF SPECIFIC FEE APPLICATIONS FOR 

CONSIDERATION AT THE SEPTEMBER 21, 2022, OMNIBUS 

HEARING OR A LATER DATE 

TO: HON. LAURA TAYLOR SWAIN, 

UNITED STATES DISTRICT JUDGE 

STATUS REPORT ON INTERIM AND FINAL FEE REVIEW PROCESS IN LIGHT OF 

PRRADA AND HTA PLAN CONFIRMATION

This Court entered the Third Amended Order Setting Procedures for Interim and Final 

Compensation and Reimbursement of Expenses of Professionals [Dkt. No. 20546] (the “Third 

Amended Compensation Order”) on April 12, 2022. On June 22, 2022, The United States 

Trustee for Region 21 (the “U.S. Trustee”) filed the Motion of the United States Trustee for 

Amendment of the Third Amended Order Setting Procedures for Interim and Final 

Compensation and Reimbursement of Expenses of Professionals (ECF No. 20546) [Dkt. No. 

21316] and, on June 24, 2022, the Court entered the Order on Motion of the United States 

Trustee for Amendment of the Third Amended Order Setting Procedures for Interim and Final 

Compensation and Reimbursement of Expenses of Professionals (ECF No. 20546) [Dkt. No. 

21334] (the “Order Further Amending Third Amended Compensation Order”), granting an 

extension of time until August 15, 2022, for the U.S. Trustee to review, to comment informally 

on, or to object to any professional’s disclosures pursuant to the Puerto Rico Recovery Accuracy 

in Disclosures Act [“PRRADA”]. 

The Order Further Amending Third Amended Compensation Order also established a 

timeline and procedures for the filing and review of PRRADA disclosures for professionals 

retained after the date of the Third Amended Compensation Order—April 12, 2022. This change 

necessitates a modification of the fee review timeline set forth in the Third Amended 

Compensation Order. The imminent HTA plan confirmation proceedings will necessitate further 

amendments. The Fee Examiner will propose comprehensive modifications to the interim and 

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3 

final fee application schedule after the entry of an HTA plan confirmation order. At a minimum, 

reporting on most professional fee applications for the Fourteenth Interim Fee Period (October 

1, 2021-January 31, 2022), previously anticipated in connection with the September 21, 2022, 

omnibus hearing, will shift to the November 2, 2022, omnibus hearing to accommodate the 

revised PRRADA disclosure timeline. 

This supplemental report addresses previously deferred interim fee applications for 

interim periods through and including the Thirteenth Interim Fee Period

(June 1-September 30, 2021), which were unaffected by the PRRADA disclosure process. 

THIRTEENTH INTERIM (AND PRIOR) FEE PERIOD APPLICATIONS 

With this report, the Fee Examiner: 

--Recommends Court approval of the pre-PRRADA interim fee 

applications detailed on Exhibit A; and 

--Notifies the Court, consistent with paragraphs 2.h and 2.k of the 

Third Amended Compensation Order, that the Fee Examiner and 

the applicants listed on Exhibit B and Exhibit C are in productive 

discussions and—to continue their dialogue—have agreed to 

adjourn consideration of these fee applications to the September 

21, 2022, omnibus hearing, or another date convenient for the 

Court. 

Exhibit A lists seven interim fee applications recommended for the Court’s approval with 

adjustment. Exhibit B identifies those pending interim applications recommended for deferral, 

including those filed after the Fee Examiner’s deadlines or initially supported by incomplete data 

or documentation but before PRRADA’s enactment on January 20, 2022. Exhibit C lists one 

remaining final COFINA fee application recommended for deferral. 

RELIEF REQUESTED 

Once again in the continued absence of any objection, the Fee Examiner recommends 

that the Court approve, under PROMESA sections 316 and 317, the applications listed on 

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4 

Exhibit A and permit the deferral of the applications listed on Exhibits B and C to the omnibus 

hearing scheduled for September 21, 2022, or a later date. Attached to this report as 

Attachment 1 is a proposed order consistent with the recommendations above, should the Court 

wish to enter it in advance of the upcoming omnibus hearing. 

Dated: August 10, 2022. 

WE HEREBY CERTIFY that on this date, we electronically filed the foregoing report 

with the Clerk of the Court using the CM/ECF system that will send notification of such filing to 

all attorneys of record registered in the use of the CM/ECF system. 

EDGE Legal Strategies, PSC 

 s/Eyck O. Lugo 

Eyck O. Lugo 

252 Ponce de León Avenue 

Citibank Tower, 12th Floor 

San Juan, PR 00918 

Telephone: (787) 522-2000 

Facsimile: (787) 522-2010 

Puerto Rico Counsel for Fee Examiner 

GODFREY & KAHN, S.C. 

One East Main Street, Suite 500 

Madison, WI 53703 

Telephone: (608) 257-3911 

Facsimile: (608) 257-0609 

Brady C. Williamson (Pro Hac Vice) 

Fee Examiner 

Katherine Stadler (Pro Hac Vice) 

Counsel for the Fee Examiner

27648739.2 

Case:17-03283-LTS Doc#:21813 Filed:08/10/22 Entered:08/10/22 18:50:36 Desc: Main

Document Page 4 of 16
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

Sixth - Thirteenth Fee Period Applications Recommended: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1 Citigroup Global Markets Inc. [Dkt. No. 14523] 2/1 - 5/31/2019 4,300,000.00 $ - $ 26,187.61 $ 16,359.71 $ 

2 Citigroup Global Markets Inc. [Dkt. No. 16155] 6/1 - 9/30/2019 4,705,000.00 $ - $ 813,391.60 $ 1,828.30 $ 

3 Citigroup Global Markets Inc. [Dkt. No. 16156] 10/1/2019 - 1/31/2020 4,840,000.00 $ - $ 1,206.00 $ 1,206.00 $ 4 Citigroup Global Markets Inc. [Dkt. No. 16157] 2/1 - 5/31/2020 4,840,000.00 $ - $ 9,354.30 $ 2,331.60 $ 

5 O'Neill & Borges LLC [Dkt. No. 16782] 2/1 - 5/31/2020 $ 924.80 455,558.85 $ 509.09 $ - $ FN1 

6 Citigroup Global Markets Inc. [Dkt. No. 16158] 6/1 - 9/30/2020 4,840,000.00 $ - $ 10,606.80 $ 3,698.40 $ 

7 O'Neill & Borges LLC [Dkt. No. 17660] 6/1 - 9/30/2020 $ 670.18 283,425.75 $ 3,968.93 $ - $ FN1 

FN1 - In light of the Order Concerning Carlos Lamoutte’s Objection to Verified Statement Regarding Disinterestedness of O’Neill & Borges LLC Pursuant to the Puerto Rico Recovery Accuracy in Disclsosures Act, Fil

[Dkt. No. 21604], the Fee Examiner has not requested adjustments premised on any deficiency in disclosure or disinterestedness. See also Motion to Intervene and to Inform the Existence and Continuance of an 

the Puerto Rico Recovery Accuracy in Disclosures Act of 2021, 48 U.S.C. 2101 Et Seq., and Petition for : (A) the Permanent Disqualification of O’Neill & Borges, LLC as Legal Counsel to the Financial Oversight and M

Disallowment [sic] and Disgorgement of Legal Fees [Dkt. No. 20873]. Neither the disqualification motion nor the objection to the professional’s PRRADA disclosures directly implicates - at least initially - the reasrecommended for Court approval here.

Local Counsel to the FOMBTenth Interim Fee Period (June 1, 2020 - September 30, 2020)Investment Banker and Financial Advisor to FOMBLocal Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBSeventh Interim Fee Period (June 1 - September 30, 2019)Sixth Interim Fee Period (February 1 - May 31, 2019)Ninth Interim Fee Period (February 1, 2020 - May 31, 2020)Investment Banker and Financial Advisor to FOMBInvestment Banker and Financial Advisor to FOMBEighth Interim Fee Period (October 1, 2019 - January 31, 2020)Investment Banker and Financial Advisor to FOMB

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Document Page 5 of 16
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

Fifth - Thirteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1-a Ankura Consulting Group, LLC [Dkt. No. 8454] 10/1/2018 - 1/31/2019 3,223,148.50 $ 181,809.03 $ 

1-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1137] 10/1/2018 - 1/31/2019 3,080,936.50 $ 228,902.66 $ 

2 Deloitte Consulting LLP [Dkt. No. 9275] 10/01/2018 - 1/31/2019 1,757,608.44 $ 304,050.65 $ 

3-a Ankura Consulting Group, LLC [Dkt. No. 12180] 2/1 - 5/31/2019 4,069,840.50 $ 219,612.81 $ 

3-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1604] 2/1 - 5/31/2019 2,890,183.50 $ 276,996.38 $ 

4 Gierbolini & Carroll Law Offices, PSC [Dkt. No. 8016] 2/1 - 5/31/2019 19,504.00 $ 520.00 $ 

5 Nixon Peabody LLP [Dkt. No. 9538] 2/1 - 5/31/2019 371,931.00 $ - $ 

6 PJT Partners LP [Dkt. No. 8014] 2/1 - 5/31/2019 5,000,000.00 $ 333.16 $ 

7-a Ankura Consulting Group, LLC [Dkt. No. 13725] 6/1 - 9/30/2019 5,355,672.59 $ 309,366.13 $ 

7-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1788] 6/1 - 9/30/2019 2,778,349.50 $ 230,089.53 $ 

8 Nixon Peabody LLP [Dkt. No. 9539] 6/1 - 9/30/2019 80,805.00 $ - $ 

9-a O'Melveny & Myers [Dkt. No. 9332] 6/1 - 9/30/2019 5,369,124.54 $ 183,905.55 $ 

9-b O'Melveny & Myers [17-3567 Dkt. No. 657] 6/1 - 9/30/2019 58,957.87 $ 2,178.58 $ 

9-c O'Melveny & Myers [17-3566 Dkt. No. 724] 6/1 - 9/30/2019 512,322.11 $ 56,015.15 $ 

9-d O'Melveny & Myers [Dkt. No. 9354 and 17-04780 Dkt. No. 1786] 6/1 - 9/30/2019 3,574,768.47 $ 126,501.00 $ 

10 PJT Partners LP [Dkt. No. 9215] 6/1 - 9/30/2019 5,000,000.00 $ 6,980.89 $ 

11-a Ankura Consulting Group, LLC [Dkt. No. 14031] 10/1/2019 - 1/31/2020 4,568,311.20 $ 226,836.98 $ 

11-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1977] 10/1/2019 - 1/31/2020 2,129,389.00 $ 170,218.54 $ 

12 Nixon Peabody LLP [Dkt. No. 13600] 10/1/2019 - 1/31/2020 80,352.00 $ - $ 

13-a O'Melveny & Myers [Dkt. No. 12907] 10/1/2019 - 1/31/2020 3,667,195.71 $ 161,626.21 $ 

13-b O'Melveny & Myers [17-3567 Dkt. No.770] 10/1/2019 - 1/31/2020 193,824.05 $ 3,277.17 $ 

Special Counsel to FOMB - PREPACounsel to AAFAF - CommonwealthCounsel to AAFAF - HTACounsel to AAFAF - ERS

Counsel to AAFAF - PREPAInvestment Banker and Financial Advisor to FOMBEighth Interim Fee Period (October 1, 2019 - January 31, 2020)Financial Advisors to CommonwealthFinancial Advisors to PREPAFinancial Advisors to CommonwealthFinancial Advisors to PREPASpecial Counsel to FOMB - PREPACounsel to AAFAF - CommonwealthCounsel to AAFAF - HTAFinancial Advisors to PREPACounsel to FOMBSpecial Counsel to FOMB - PREPAInvestment Banker and Financial Advisor to FOMBSeventh Interim Fee Period (June 1 - September 30, 2019)Fifth Interim Fee Period (October 1, 2018 - January 31, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPADebtors' ConsultantSixth Interim Fee Period (February 1 - May 31, 2019)Financial Advisors to Commonwealth

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Document Page 6 of 16
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

Fifth - Thirteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

13-c O'Melveny & Myers [17-3566 Dkt. No. 873] 10/1/2019 - 1/31/2020 1,825,934.30 $ 46,865.14 $ 

13-d O'Melveny & Myers [17-04780 Dkt. No. 1970] 10/1/2019 - 1/31/2020 2,610,546.25 $ 145,263.53 $ 

14 PJT Partners LP [Dkt. No. 12401 ] 10/1/2019 - 1/31/2020 5,000,000.00 $ 19,449.79 $ 

15-a Ankura Consulting Group, LLC [Dkt. No. 14924] 2/1 - 5/31/2020 4,634,422.41 $ 62,803.01 $ 

15-b Ankura Consulting Group, LLC [Dkt. No. 15472 and 17-4780 Dkt. No. 2343] 2/1 - 5/31/2020 2,151,665.50 $ 50,582.41 $ 

16 Nixon Peabody LLP [Dkt. No. 15553] 2/1 - 5/31/2020 145,126.50 $ - $ 

17-a O'Melveny & Myers [Dkt. No. 14179] 2/1 - 5/31/2020 7,065,558.67 $ 211,500.79 $ 

17-b O'Melveny & Myers [17-3566 Dkt. No. 967] 2/1 - 5/31/2020 2,486,200.45 $ 51,467.03 $ 

17-c O'Melveny & Myers [17-3567 Dkt. No. 920] 2/1 - 5/31/2020 135,148.72 $ 4,217.61 $ 

17-d O'Melveny & Myers [17-4780 Dkt. No. 2175] 2/1 - 5/31/2020 1,036,139.40 $ 129,247.99 $ 

18 PJT Partners LP [Dkt. No. 14041 ] 2/1 - 5/31/2020 5,000,000.00 $ 30,021.86 $ 

19-a Ankura Consulting Group, LLC [Dkt. No. 18095] 6/1 - 9/30/2020 5,079,515.26 $ - $ 

19-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 2377] 6/1 - 9/30/2020 2,119,759.50 $ - $ 

20 Nixon Peabody LLP [Dkt. No. 15554] 6-1 - 9/30/2020 350,033.00 $ - $ 

21-a O'Melveny & Myers LLP [Dkt. No. 15477] 6/1 - 9/30/2020 $ 210,123.92 3,523,753.04 $ 

21-b O'Melveny & Myers LLP [Dkt. No. 15481 and 17-3566 Dkt. No. 1048] 6/1 - 9/30/2020 1,426,389.95 $ 74,371.80 $ 

21-c O'Melveny & Myers LLP [Dkt. No. 15482 and 17-3567 Dkt. No. 952] 6/1 - 9/30/2020 88,672.00 $ 2,182.88 $ 

21-d O'Melveny & Myers LLP [17-4780 Dkt. No. 2487] 6/1 - 9/30/2020 795,045.59 $ 129,247.99 $ 

22 PJT Partners LP [Dkt. No. 15577] 6/1 - 9/30/2020 5,000,000.00 $ 2,426.81 $ 

23-a Ankura Consulting Group, LLC [Dkt. No. 18168] 10/1/2020 - 1/31/2021 4,613,452.36 $ 68,005.73 $ 

23-b Ankura Consulting Group, LLC [Dkt. No. 17831] 10/1/2020 - 1/31/2021 1,850,867.90 $ 36,019.70 $ 

Financial Advisors - CommonwealthFinancial Advisors - PREPACounsel to AAFAF - ERS

Counsel to AAFAF - HTACounsel to AAFAF - PREPAInvestment Banker and Financial Advisor to FOMBEleventh Interim Fee Period (October 1, 2020 - January 31, 2021)Tenth Interim Fee Period (June 1, 2020 - September 30, 2020)Financial Advisors to CommonwealthFinancial Advisors to PREPASpecial Counsel to FOMB - PREPACounsel to AAFAF - CommonwealthCounsel to AAFAF - CommonwealthCounsel to AAFAF - ERSCounsel to AAFAF - HTACounsel to AAFAF - PREPAInvestment Banker and Financial Advisor to FOMBInvestment Banker and Financial Advisor to FOMBNinth Interim Fee Period (February 1, 2020 - May 31, 2020)Financial Advisors to CommonwealthFinancial Advisors to PREPASpecial Counsel to FOMB - PREPACounsel to AAFAF - ERSCounsel to AAFAF - PREPA

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Document Page 7 of 16
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

Fifth - Thirteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

24-a Brown Rudnick LLP [Dkt. No. 17447] 10/1/2020 - 1/31/2021 612,405.00 $ 2,238.65 $ 

24-b Brown Rudnick LLP [17-3566 Dkt. No. 1186] 10/1/2020 - 1/31/2021 43,511.00 $ 10,535.60 $ 

24-c Brown Rudnick LLP [17-4780 Dkt. No. 2564] 10/1/2020 - 1/31/2021 29,826.00 $ 34.17 $ 

25-a O'Melveny & Myers LLP [Dkt. No. 16768] 10/1/2020 - 1/31/2021 3,401,048.00 $ 181,441.88 $ 

25-b O'Melveny & Myers LLP [Dkt. No. 16769] 10/1/2020 - 1/31/2021 712,225.00 $ 93,367.41 $ 

25-c O'Melveny & Myers LLP [Dkt. No. 16770] 10/1/2020 - 1/31/2021 73,920.50 $ 4,409.76 $ 

25-d O'Melveny & Myers LLP [17-4780 Dkt. No. 2488] 10/1/2020 - 1/31/2021 458,356.00 $ 148,074.10 $ 

26 O'Neill & Borges LLC [Dkt. No. 18127] 10/1/2020 - 1/31/2021 328,468.50 $ 3,894.86 $ 

27 PJT Partners LP [Dkt. No. 16945] 10/1/2020 - 1/31/2021 5,000,000.00 $ - $ 

28-a Proskauer Rose LLP [Dkt. No. 17587] 10/1/2020 - 1/31/2021 11,164,006.40 $ 438,081.14 $ 

28-b Proskauer Rose LLP [Dkt. No. 17589 and 17-3566 Dkt. No. 1194] 10/1/2020 - 1/31/2021 1,308,558.00 $ 141,875.63 $ 

28-c Proskauer Rose LLP [Dkt. No. 17591 and 17-3567 Dkt. No. 1056] 10/1/2020 - 1/31/2021 1,790,417.60 $ 78,072.78 $ 

28-d Proskauer Rose LLP [Dkt. No. 17596 and 19-5523 Dkt. No. 166] 10/1/2020 - 1/31/2021 12,769.50 $ 344.00 $ 28-e Proskauer Rose LLP [Dkt. No. 17592 and 17-4780 Dkt. No. 2573] 10/1/2020 - 1/31/2021 3,859,914.50 $ 129,277.60 $ 

29 Ankura Consulting Group, LLC [Dkt. No. 19189, 19634 and 17-4780 Dkt. No. 2650] 2/1/2021 - 5/31/2021 5,901,035.25 $ 196,557.40 $ 

30 Brattle Group, Inc., The [Dkt. No. 17393] 2/1/2021 - 5/31/2021 90,518.62 $ - $ 

31-a Brown Rudnick LLP [Dkt. No. 17740] 2/1/2021 - 5/31/2021 537,973.00 $ 2,328.07 $ 

31-b Brown Rudnick LLP [17-3566 Dkt. No. 1208] 2/1/2021 - 5/31/2021 57,377.00 $ 5,493.50 $ 

31-c Brown Rudnick LLP [17-4780 Dkt. No. 2592] 2/1/2021 - 5/31/2021 8,687.00 $ - $ 

32 O'Neill & Borges LLC [Dkt. No. 19412] 2/1/2021 - 5/31/2021 310,184.10 $ 7,080.85 $ 

33 PJT Partners LP [Dkt. No. 19494] 2/1/2021 - 5/31/2021 5,000,000.00 $ - $ 

34-a Proskauer Rose LLP [Dkt. No. 19689] 2/1/2021 - 5/31/2021 17,771,894.20 $ 972,661.56 $ 

Local Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBCounsel to Debtors - CommonwealthFinancial Advisors - PREPAEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - AAFAF

Claims Counsel to FOMB - CommonwealthClaims Counsel to FOMB - ERSClaims Counsel to FOMB - PREPACounsel to Debtors - CommonwealthCounsel to Debtors - ERSCounsel to Debtors - HTACounsel to Debtors - PBACounsel to Debtors - PREPATwelfth Interim Fee Period (February 1, 2021 - May 31, 2021)Counsel to AAFAF - CommonwealthCounsel to AAFAF - ERSCounsel to AAFAF - HTACounsel to AAFAF - PREPALocal Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBClaims Counsel to FOMB - CommonwealthClaims Counsel to FOMB - ERSClaims Counsel to FOMB - PREPA

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Document Page 8 of 16
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

Fifth - Thirteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

34-b Proskauer Rose LLP [Dkt. No. 19696 and 17-3566 Dkt. No. 1294] 2/1/2021 - 5/31/2021 412,901.90 $ 25,150.15 $ 

34-c Proskauer Rose LLP [Dkt. No. 19694 and 17-3567 Dkt. No. 1120] 2/1/2021 - 5/31/2021 1,189,185.20 $ 39,430.16 $ 

34-d Proskauer Rose LLP [Dkt. No. 19692 and 19-5523 Dkt. No. 267] 2/1/2021 - 5/31/2021 29,993.10 $ - $ 34-e Proskauer Rose LLP [Dkt. No. 19690 and 17-4780 Dkt. No. 2678] 2/1/2021 - 5/31/2021 5,901,381.30 $ 184,992.83 $ 

35-a Brattle Group, Inc., The [Dkt. No. 19275] 6/1/2021 - 9/30/2021 629,297.06 $ 1,500.00 $ 

35-b Brattle Group, Inc., The [Dkt. No. 19272] 6/1/2021 - 9/30/2021 24,491.70 $ - $ 

35-c Brattle Group, Inc., The [Dkt. No. 19273] 6/1/2021 - 9/30/2021 503,859.50 $ 2,552.70 $ 

35-d Brattle Group, Inc., The [Dkt. No. 19274] 6/1/2021 - 9/30/2021 1,372.50 $ - $ 

36-a Brown Rudnick LLP [Dkt. No. 19321] 6/1/2021 - 9/30/2021 465,491.50 $ 1,409.10 $ 

36-b Brown Rudnick LLP [17-3566 Dkt. No. 1263] 6/1/2021 - 9/30/2021 800.00 $ - $ 

36-c Brown Rudnick LLP [17-4780 Dkt. No. 2658] 6/1/2021 - 9/30/2021 91,691.00 $ 904.90 $ 

37 PJT Partners LP [Dkt. No. 19805] 6/1/2021 - 9/30/2021 5,000,000.00 $ - $ 

Investment Banker and Financial Advisor to FOMBClaims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERS

Claims Counsel to the FOMB - PREPACounsel to Debtors - PREPAThirteenth Interim Fee Period (June 1, 2021 - September 30, 2021)Economic Consultant to Proskauer Rose LLP as Counsel to FOMB - CommonwealthEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - Assessment of House Bill 3Economic Consultant to Proskauer Rose LLP as Counsel to FOMB - Title III Expert SupportEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - Healthcare ActsCounsel to Debtors - ERSCounsel to Debtors - HTACounsel to Debtors - PBA

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Document Page 9 of 16
FINAL Fee Applications Deferred: Applicant Compensation Period Final Fees Requested 

 Fee Examiner's 

Recommended Fee 

Adjustments 

 Final Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Rec

1 O'Melveny & Myers [17-3284 Dkt. No. 640] 5/5/2017 - 2/12/2019 8,674,704.03 $ 78,506.01 $ 

Counsel to AAFAF - COFINA

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

 26919378.1 

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ATTACHMENT 1 

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UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

As a representative of 

THE COMMONWEALTH OF PUERTO RICO

et al., 

Debtors.1

) 

) 

) 

) 

) 

) 

) 

) 

) 

)

) 

) 

PROMESA 

Title III 

No. 17 BK 3283-LTS 

(Jointly Administered) 

Re: ECF Dkt. Nos. 14523, 16155, 16156, 

16157, 16158, 16782, 17660 

OMNIBUS ORDER AWARDING: INTERIM ALLOWANCE OF COMPENSATION 

FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES FOR THE THIRTEENTH INTERIM (JUNE 1, 2021 – SEPTEMBER 30, 

2021) AND PRIOR COMPENSATION PERIODS 

This matter coming before the Court on the interim fee applications (together Docket 

Entry Nos. 14523, 16155, 16156, 16157, 16158, 16782, 17660 [Case No. 17-3283], the 

(“Applications”)), all as 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 interim allowance of certain fees, including all 

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) Puerto Rico Public Buildings Authority (“PBA”) 

(Bankruptcy Case No. 19-BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are 

listed as Bankruptcy Case numbers due to software limitations). 

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holdbacks and expenses incurred by the Applicants for the specific period of time set forth in 

each of the Applications (the “Compensation Periods”); 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 for Interim Compensation and Reimbursement of Expenses of Professionals [Dkt. 

No. 1715] (the “First Amended Interim Compensation Order”); the Second Amended Order 

Setting Procedures for Interim Compensation and Reimbursement of Expenses of Professionals

[Dkt. No. 3269] (the “Second Amended Interim Compensation Order”); the Third Amended 

Order Setting Procedures for Interim and Final Compensation and Reimbursement of Expenses 

of Professionals [Dkt. No. 20546] (the “Third Amended Interim Compensation Order”); 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 First Amended Order Pursuant to PROMESA Sections 316 and 317 and Bankruptcy 

Code Section 105(A) Appointing a Fee Examiner and Related Relief [Dkt. No. 3324] (the “First 

Amended Fee Examiner Order”); and the Court having reviewed the Applications and/or the 

report filed by the Fee Examiner with respect to the Applications [see Dkt. No. ____]; 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; 

IT IS HEREBY ORDERED THAT: 

1. The Applications are GRANTED on an interim basis as set forth on the attached 

Exhibit A. 

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2. Each of the Applicants is allowed (a) interim compensation for services rendered 

during the Compensation Periods and (b) interim reimbursement for actual and necessary 

expenses incurred during the Compensation Periods, each in the respective and adjusted amounts 

set forth on the attached Exhibit A, including, except as otherwise indicated, any and all 

holdbacks. 

3. To the extent not already paid pursuant to the Interim Compensation Order, the 

Debtors are hereby authorized and directed to pay 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 Periods. 

4. Pursuant to the Fee Examiner’s report, the interim fee applications listed on 

Exhibit B and the final application listed on Exhibit C of the report [Docket Entry Nos. 640 

[Case No. 17-3284] 724, 873, 967, 1048, 1186, 1194, 1208, 1263, 1294 [Case No. 17-3566] 657, 

770, 920, 952, 1056, 1120, [Case No. 17-3567], 1137, 1604, 1786, 1788, 1970, 1977, 2175, 

2343, 2377, 2487, 2488, 2564, 2573, 2592, 2650, 2658, 2678, [Case No. 17-4780], 166, 267 

[Case No. 19-5523], 8014, 8016, 8454, 9215, 9275, 9332, 9354, 9538, 9539, 12180, 12401, 

12907, 13600, 13725, 14031, 14041, 14179, 14924, 15472, 15477, 15481, 15482, 15553, 15554, 

15577, 16768, 16769, 16770, 16945, 17393, 17447, 17587, 17589, 17591, 17592, 17596, 17740, 

17831, 18095, 18127, 18168, 19189, 19272, 19273, 19274, 19275, 19321, 19412, 19494, 19634, 

19689, 19690, 19692, 19694, 19696, 19805, [Case No. 17-3283] remain adjourned for 

consideration at a later hearing date. 

5. This Order resolves Docket Entry Nos. 14523, 16155, 16156, 16157, 16158, 

16782, 17660 [Case No. 17-3283]. 

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SO ORDERED. 

Dated: August ____, 2022 

 

LAURA TAYLOR SWAIN 

United States District Judge 

27655685.1 

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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

Sixth - Thirteenth Fee Period Applications Recommended: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1 Citigroup Global Markets Inc. [Dkt. No. 14523] 2/1 - 5/31/2019 4,300,000.00 $ - $ 26,187.61 $ 16,359.71 $ 

2 Citigroup Global Markets Inc. [Dkt. No. 16155] 6/1 - 9/30/2019 4,705,000.00 $ - $ 813,391.60 $ 1,828.30 $ 

3 Citigroup Global Markets Inc. [Dkt. No. 16156] 10/1/2019 - 1/31/2020 4,840,000.00 $ - $ 1,206.00 $ 1,206.00 $ 4 Citigroup Global Markets Inc. [Dkt. No. 16157] 2/1 - 5/31/2020 4,840,000.00 $ - $ 9,354.30 $ 2,331.60 $ 

5 O'Neill & Borges LLC [Dkt. No. 16782] 2/1 - 5/31/2020 $ 924.80 455,558.85 $ 509.09 $ - $ FN1 

6 Citigroup Global Markets Inc. [Dkt. No. 16158] 6/1 - 9/30/2020 4,840,000.00 $ - $ 10,606.80 $ 3,698.40 $ 

7 O'Neill & Borges LLC [Dkt. No. 17660] 6/1 - 9/30/2020 $ 670.18 283,425.75 $ 3,968.93 $ - $ FN1 

FN1 - In light of the Order Concerning Carlos Lamoutte’s Objection to Verified Statement Regarding Disinterestedness of O’Neill & Borges LLC Pursuant to the Puerto Rico Recovery Accuracy in Disclsosures Act, Fil

[Dkt. No. 21604], the Fee Examiner has not requested adjustments premised on any deficiency in disclosure or disinterestedness. See also Motion to Intervene and to Inform the Existence and Continuance of an 

the Puerto Rico Recovery Accuracy in Disclosures Act of 2021, 48 U.S.C. 2101 Et Seq., and Petition for : (A) the Permanent Disqualification of O’Neill & Borges, LLC as Legal Counsel to the Financial Oversight and M

Disallowment [sic] and Disgorgement of Legal Fees [Dkt. No. 20873]. Neither the disqualification motion nor the objection to the professional’s PRRADA disclosures directly implicates - at least initially - the reasrecommended for Court approval here.

Local Counsel to the FOMBTenth Interim Fee Period (June 1, 2020 - September 30, 2020)Investment Banker and Financial Advisor to FOMBLocal Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBSeventh Interim Fee Period (June 1 - September 30, 2019)Sixth Interim Fee Period (February 1 - May 31, 2019)Ninth Interim Fee Period (February 1, 2020 - May 31, 2020)Investment Banker and Financial Advisor to FOMBInvestment Banker and Financial Advisor to FOMBEighth Interim Fee Period (October 1, 2019 - January 31, 2020)Investment Banker and Financial Advisor to FOMB

 26919378.1 

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