UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

Set: 9:30 AM (AST)

Started: 9:34 AM (AST)

Ended: 12:24 PM (AST)

MINUTES OF PROCEEDINGS

BEFORE U.S. DISTRICT JUDGE LAURA TAYLOR SWAIN DATE: September 13, 2018

COURTROOM DEPUTY: Carmen Tacoronte

COURT REPORTER: Amy Walker

Omnibus Hearing held.

I. Status Reports

1. Status report from the Oversight Board heard.

2. Report from Puerto Rico Fiscal Agency and Financial Advisory Authority (“AAFAF”). 

• Also discussed the Governmental Development Bank’s (“GBD”) Title VI proceedings and 

the proposed order submitted in 3:18-CV-1561 (LTS) [See ECF No. 125]

o AAFAF shall submit a proposed revised order by September 20, 2018. 

II. Uncontested Matters

1. Fee Examiner’s Motion to Impose Presumptive Standards and Timeliness Requirements for 

Fee Applications [Case No. 17-3283, ECF No. 3790]

• Granted. Order will be issued. 

III. Contested Matters

In Re: 

The Financial Oversight and Management 

Board for Puerto Rico

as representative of

3:17-BK-3283 (LTS)

PROMESA Title III

(Jointly Administered)

The Commonwealth of Puerto Rico, et al.

Debtors

In Re: Government Development Bank, et al. 3:18-CV-1561 (LTS)

Movants PROMESA Title VI 

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1. Creditors’ Committee’s Motion to Enforce Automatic Stay and Court’s June 29, 2017 Order 

Confirming Application of Automatic Stay with Respect to GDB Restructuring [Case No. 17-

3283, ECF No. 3797]

• Attorneys Uhland and Sosland informed that they have resolved the concerns raised by 

FGIC in its response to the Motion.

• Matter taken under advisement. 

V. Adjourned Matters

1. Committee’s Motion to Compel the Debtors to Comply with Interim Compensation Orders

[Case No. 17-3283, ECF No. 3604]

• Matter has been adjourned until the November 7, 2018 omnibus hearing. 

2. Report from the Fee Examiner regarding First Interim Applications for Compensation 

• Matter has been adjourned until the November 7, 2018 omnibus hearing. 

Applicant Docket No. Period

1. McKinsey & Company, Inc. Washington D.C. (Consulting Services 

Provider to FOMB) 2073 5/3/17 – 9/30/17

3. Report from the Fee Examiner regarding Second Interim Applications for Compensation.

• Matter has been adjourned until the November 7, 2018 omnibus hearing. 

Applicant Docket No. Period

1. Proskauer Rose LLP (Attorneys for FOMB, as representative of 

Debtor Commonwealth) 2868 10/1/17 – 1/31/18

2. Proskauer Rose LLP (Attorneys for FOMB, as representative of 

Debtor COFINA) 2870 10/1/17 – 1/31/18

3. Proskauer Rose LLP (Attorneys for FOMB, as representative of 

Debtor ERS) 2872 10/1/17 – 1/31/18

4. Proskauer Rose LLP (Attorneys for FOMB, as representative of 

Debtor PREPA) 2876 10/1/17 – 1/31/18

5. Proskauer Rose LLP (Attorneys for FOMB, as representative of 

Debtor HTA) 2874 10/1/17 – 1/31/18

6. McKinsey & Company, Inc. Washington D.C. (Consulting Services 

Provider to FOMB) 2756 10/1/17 – 1/31/18

7. Citigroup Global Markets Inc. (Investment Banker and Financial

Advisor to FOMB)* 2944 1/27/17 – 1/31/18

8. Andrew Wolfe (Independent Contractor to FOMB) 2718 10/1/17 – 1/31/18

9. Ankura Consulting Group, LLC (Financial Advisors to AAFAF) 2751 10/1/17 – 1/31/18

10. Ankura Consulting Group, LLC (Financial Advisors to PREPA) 2755 10/1/17 – 1/31/18

11. Zolfo Cooper (Financial Advisor to the Official Committee of 

Unsecured Creditors) 2739 10/1/17 – 1/31/18

*An asterisk next to a name denotes that this is the first interim application filed by that applicant.

s/Carmen Tacoronte

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Carmen Tacoronte

Courtroom Deputy 

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