Exhibit A

Certification under Guidelines 

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Exhibit A Page 1 of 4
UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

---------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

Debtors.1

---------------------------------------------------------------x

PROMESA

Title III

Case No. 17 BK 3283-LTS

(Jointly Administered)

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of 

PUERTO RICO SALES TAX FINANCING 

CORPORATION, et al.,

Debtor.

---------------------------------------------------------------x

PROMESA

Title III

Case No. 17 BK 3284-LTS

This Application relates only to 

COFINA, and shall be filed in 

the lead Case No. 17 BK 3283-

LTS, and COFINA’s Title III 

Case (Case No. 17 BK 3284-

LTS)

CERTIFICATION UNDER GUIDELINES FOR FEES

AND DISBURSEMENTS FOR PROFESSIONALS IN RESPECT 

OF FOURTH INTERIM FEE APPLICATION OF PROSKAUER 

ROSE LLP FOR COMPENSATION FOR SERVICES RENDERED AND 

REIMBURSEMENT OF EXPENSES INCURRED AS ATTORNEYS FOR THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO,

AS REPRESENTATIVE OF THE DEBTOR, PUERTO RICO SALES TAX FINANCING 

CORPORATION, FOR THE PERIOD JUNE 1, 2018 THROUGH SEPTEMBER 30, 2018

 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.)

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Exhibit A Page 2 of 4
2

Pursuant to the United States Trustee Guidelines for Reviewing Applications for 

Compensation and Reimbursement of Expenses Filed under 11 U.S.C. § 330 by Attorneys in Larger 

Chapter 11 Cases issued by the Executive Office for the United States Trustee, 28 CFR Part 58, 

Appendix B (the “Guidelines”), together with the Local Rule 2016-1, the undersigned, a Partner of 

the firm Proskauer Rose LLP (“Proskauer”), attorneys for the Financial Oversight and Management 

Board for Puerto Rico (the “Oversight Board”) as representative of the Puerto Rico Sales Tax 

Financing Corporation (the “Debtor”), pursuant to section 315(b) of the Puerto Rico Oversight, 

Management, and Economic Stability Act (“PROMESA”), 2 hereby certifies with respect to 

Proskauer’s fourth interim application for allowance of compensation for services rendered and 

reimbursement of expenses incurred with respect to the Debtor’s Title III case, dated November 16, 

2018 (the “Application”),3 for the period from June 1, 2018 through and including September 30, 

2018 (the “Compensation Period”) as follows:

1. I am the professional designated by Proskauer in respect of compliance with the 

Guidelines and Local Rule 2016-1.

2. I make this certification in support of the Application for interim compensation and 

reimbursement of expenses incurred during the Compensation Period in accordance with the 

Guidelines and Local Rule 2016-1.

3. In respect of the Guidelines and Local Rule 2016-1, I certify that:

a. I have read the Application;

b. to the best of my knowledge, information, and belief formed after reasonable 

inquiry, the fees and disbursements sought fall within the Guidelines;

c. except to the extent (i) that fees or disbursements are prohibited by the 

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

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3

Guidelines or (ii) Proskauer agreed to provide discounts to its usual rates in 

connection with its representation of the Oversight Board, the fees and 

disbursements sought are billed at rates in accordance with practices customarily 

employed by Proskauer and generally accepted by Proskauer’s clients; and

d. in providing a reimbursable service, Proskauer does not make a profit on that 

service, where the service is performed by Proskauer in house or through a third 

party.

4. I certify that Proskauer has previously provided monthly statements of Proskauer’s 

fees and disbursements by filing and serving monthly statements in accordance with the Interim 

Compensation Order (as defined in the Application), except that completing reasonable and 

necessary internal accounting and review procedures may have, at times, precluded filing fee 

statements within the time periods specified in the Interim Compensation Order.

Dated: November 16, 2018

San Juan, Puerto Rico

Respectfully submitted,

/s/ Ehud Barak

Martin J. Bienenstock (pro hac vice)

Paul V. Possinger (pro hac vice)

Ehud Barak (pro hac vice)

Maja Zerjal (pro hac vice)

PROSKAUER ROSE LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Email: mbienenstock@proskauer.com

 ppossinger@proskauer.com

 ebarak@proskauer.com

 mzerjal@proskauer.com

 3 Capitalized terms used but not defined herein have the meanings given to them in the Application.

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Exhibit A Page 4 of 4