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 ai. 

Debtors. l 

--------------------------------------------------------------------]{ 

Inre: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

Debtor. 

--------------------------------------------------------------------]{ 

PROMESA 

Title III 

Case No. 17 BK 3283-LTS 

(Jointly Administered) 

PROMESA 

Title III 

Case No. 17BK3566-LTS 

COVER SHEET TO TENTH MONTHLY FEE APPLICATION OF O'NEILL & 

BORGES LLC FOR COMPENSATION FOR SERVICES RENDERED 

AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, 

AS REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT SYSTEM 

OF THE GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO 

FOR THE PERIOD OF FEBRUARY 1, 2018 THROUGH FEBRUARY 28, 2018 

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); Oi) Puerto Rico Sales Tax Financing Corporation ("COFINA") 

(Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax JD: 8474); (iii) Puerto Rico Highways and 

Transportation Authority ("BTA") (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 lD: 9686); and (v) Puerto Rico Electric Power Authority ("PREPA") (Bankruptcy 

Case No. 17 BK 4780-LTS) (Last Four (4) Digits of Federal Tax ID: 3747). 

00551963; I 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 1 of 49
Name of applicant 

Authorized to provide professional services 

to: 

Time period covered by this application: 

Amount of compensation sought as actual, 

reasonable and necessary: 

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

Total amount for this invoice: 

O'Neill & Borges LLC ("O&B") 

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 31S(b) 

February 1, 2018 through February 28, 

2018 

$104.40 

$0.00 

$104.40 

This is a: X monthly _ interim _ final application 

This is O&B's tenth monthly fee application in these cases. 

00551963; 1 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 2 of 49
On May 22, 2018 sent to: 

FOMB: 

Financial Oversight and Management Board 

40 Washington Square South 

Office 314A 

New York, NY 10012 

Attn: Professor Arthur 1 Gonzalez 

FOMB Board Member 

and 

Proskauer Rose LLP, 

Eleven Times Square 

New York, NY 10036 

Attn: Martin J. Bienenstock, Esq. 

Ehud Barak, Esq., 

and 

Proskauer Rose LLP 

70 West Madison Street 

Chicago, IL 60602 

Attn: Paul V. Possinger, Esq. 

Fee Examiner: 

Godfrey & Kahn, S.C. 

Attn: Brady C. Williamson 

bwilliam@gklaw.com 

Co-Counsel for the Official Committee of 

Unsecured Creditors: 

Paul Hastings LLP 

200 Park A venue 

New York, NY 10166 

Attn: Luc. A. Despins, Esq. 

Andrew V. Tenzer, Esq. 

Michael E. Comerford, Esq. 

G. Alexander Bongartz, Esq. 

and 

Casillas, Santiago & Torres, LLC 

EI Caribe Office Building 

53 Palmeras Street, Suite 1601 

San Juan, PR 00901-2419 

Attn: Juan J. Casillas Ayala, Esq. 

00551963; 1 

Diana M. Batlle-Barasorda, Esq. 

Alberto lE. Aneses Negron, Esq. 

Ericka C. Montull-Novoa, Esq. 

Counsel for AAF AF: 

O'Melveny & Myers LLP 

Times Square Tower, 7 Times Square 

New Yark, NY 10036 

Attn: John J. Rapisardi, Esq. 

Suzzanne Uhland, Esq. 

Diana M. Perez, Esq. 

Office of United States Trustee: 

Office of the United States Trustee 

for the District of Puerto Rico 

Edificio Ochoa 

500 Tanca Street, Suite 30 I 

San Juan, PR 0090 I 

(In re: Commonwealth of Puerto Rico) 

and 

Office of the United States Trustee for Region 21 

75 Spring Street, SW, Room 362 

Atlanta, GA 30303 

Attn: Guy G. Gebhart 

Acting United States Trustee (Region 21) 

(In re: Commonwealth of Puerto Rico) 

Co-Counsel for the Official Committee of Retirees: 

Jenner & Block LLP 

919 Third Avenue 

New York, NY 1022-3908 

Attn: Robert Gordon, Esq. 

Richard Levin, Esq. 

And 

Bennazar, Garcfa & Millian, C.S,P. 

Edificio Union Plaza, PH-A Piso 18 

416 Ave. Ponce de Le6n 

Hato Rey, PR 00918 

Attn: AJ. Bennazar-Zequeira, Esq. 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 3 of 49
ERS TITLE III 

Summary of Legal Fees for the Period February 1 through February 28, 2018 

Hermann D. Baue Member 

Totals 

Less: 10% Courtesy discount 

ISUMMARY OF LEGAL FEES 

, .....• Hourly Total 

l.>epa;t.n1el1{.Billing Billed 

Rate IIQufs , .. 

Litigation $290.00 0040 $ 

0,40 $ 

$ 

$ 

ERS TITLE III 

116.00 

116.00 

(11,60) 

104,40 I 

Summary of Disbursements for the Period February 1 through February 28, 2018 

Description- Expenses Amoullts 

Totals $ 

ISUMMARY OF DISBURSEMENTS $ 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 4 of 49
ERS TITLE III 

Summary of Legal Fees for the Period February 1 through February 28, 2018 

TaskCode· MatterD¢scriPti~~5i! .... 

212 General Administration 0.40 $ 116.00 

$ 116.00 

Less: 10% Courtesy Discount $ (11.60) 

TOTALS 0.40 $ 104.40 I 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 5 of 49
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i,e" payment of ninety percent (90%) of the 

compensation sought, in the amount of $93,96, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0,00) in the total amount 

of$93,96, 

00551963; I 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 6 of 49
Exhibit A 

00551963; 1 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 7 of 49
IN ACCOUNT WITH 

0' N EI LL & BORGES LLC 

FOMB IN RE ERS TITLE III 

BILLING SUMMARY 

250 AVE MUNoZ RIVERA, SUITE BOO 

SAN JUAN, PR 00918-18[3 

TEL. (787) 764-81.81 

FAX (787) 753-8944 

March 6, 2018 

Bill #: 319877 

Billing Attorney:, C,GB ;;. "" -'/ -> :~J"'p 

For Professional Services Rendered and Reimbmsable Expenses for the period ending 

Febmary 28,2018: 

Client.Matter: P1704 - 0 

RE: GENERAL 

Total Professional Services 

Less Discount 

Net Professional Services 

Total Reimbmsable Expenses 

TOTAL THIS INVOICE 

$116.00 

$ -11.60 

$ 104.40 

$ .00 

$ 104.40 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 8 of 49
IN ACCOUNT WITH 

0' N EI LL & BORGES LLC 

Client.Matter: P1704 . 0 

RE: GENERAL 

Date Atty Task Description 

PROFESSIONAL SERVICES 

25'0 AVE 'MuNoz RIVERA, SUITE:-SOQ' 

SAN .JUAN" PR 0'0918-1813 

TEL. (787) 764-8181 

FAX (787) 753-8944 

Hours Rate Amount 

2/22/18 HDB 212 Review e-mails (.10) and Clerk's suggestions (.10) 

regarding Flick Interim Compensation Motion. Revise' 

and sign off on draft Notice and Motion.(.20) 

.40 290.00 116.00 

TOTAL PROFESSIONAL SERVICES $ 116.00 

Less Discount $-11.60 

NET PROFESSTONALSERVICES: $ 104040 

SUMMARY OF PROFESSIONAL SERVICES 

Name Hours Rate Total ---

HERMANN BAUER 040 --~2~90=.0~0~----~1~1~6~.0=-O 

Total .40 

TOTAL THIS INVOICE 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE 

1 

$116.00 

$104.40 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 9 of 49
UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

--------------------------------------------------------------------J( 

Inre: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al. 

Debtors. l 

--------------------------------------------------------------------J( 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

Debtor. 

--------------------------------------------------------------------J( 

PROMESA 

Title III 

CaseNo.17BK3283-LTS 

(Jointly Administered) 

PROMESA 

Title III 

Case No. 17 BK 3566-LTS 

COVER SHEET TO ELEVENTH MONTHLY FEE APPLICATION OF 

O'NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO 

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT 

SYSTEM OF THE GOVERNMENT OF THE COMMONWEALTH OF PUERTO 

RICO FOR THE PERIOD OF MARCH 1, 2018 THROUGH MARCH 31, 2018 

The Debtors in these Title 111 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 10: 3481); Oi) 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 BI< 4780-LTS) (Last Four (4) Digits of Federal Tax ID: 3747). 

00551964; ! 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 10 of 49
Name of applicant 

Authorized to provide professional services 

to: 

Time period covered by this application: 

Amount of compensation sought as actual, 

reasonable and necessary: 

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

Total amount for this invoice: 

O'Neill & Borges LLC ("O&B") 

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b) 

March 1,2018 through March 31,2018 

$6,699.60 

$0.00 

$6,699.60 

This is a: .x monthly _ interim _ final application 

This is O&B's eleventh monthly fee application in these cases. 

00551964; I 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 11 of 49
On May 22, 2018 sent to: 

FOMB: 

Financial Oversight and Management Board 

40 Washington Square South 

Office 314A 

New York, NY 10012 

Attn: Professor Arthur l Gonzalez 

FOMB Board Member 

and 

Proskauer Rose LLP, 

Eleven Times Square 

New York, NY 10036 

Attn: Martin J. Bienenstock, Esq. 

Ehud Barak, Esq., 

and 

Proskauer Rose LLP 

70 West Madison Street 

Chicago, IL 60602 

Attn: Paul V. Possinger, Esq. 

Fee Examiner: 

Godfrey & Kahn, S.C. 

Attn: Brady C. Williamson 

bwi1liam@gklaw.com 

Co~Counsel for the Official Committee of 

Unsecured Creditors: 

Paul Hastings LLP 

200 Park Avenue 

New York, NY 10166 

Attn: Luc. A. Despins, Esq. 

Andrew V. Tenzer, Esq. 

Michael E. Comerford, Esq. 

G. Alexander Bongartz, Esq. 

and 

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

53 Palmeras Street, Suite 1601 

San Juan, PR 00901-2419 

Attn: Juan J. Casillas Ayala, Esq. 

Diana M. Batlle-Barasorda, Esq. 

Alberto lE. Aneses Negr6n, Esq. 

Ericka C. Montull-Novoa, Esq. 

00551964; I 

Counsel for AAFAF: 

O'Melveny & Myers LLP 

Times Square Tower, 7 Times Square 

New York, NY 10036 

Attn: John J. Rapisardi, Esq. 

Suzzanne Uhland, Esq. 

Diana M. Perez, Esq, 

Office of United States Trustee: 

Office of the United States Trustee 

for the District of Puerto Rico 

Edificio Ochoa 

500 Tanca Street, Suite 301 

San Juan, PR 00901 

(In re: Commonwealth of Puerto Rico) 

and 

Office of the United States Trustee for Region 21 

75 Spring Street, SW, Room 362 

Atlanta, GA 30303 

Attn: Guy G. Gebhart 

Acting United States Trustee (Region 21) 

(In re: Commonwealth of Puerto Rico) 

Co-Counsel for the Official Committee of Retirees: 

Jenner & Block LLP 

919 Third Avenue 

New York, NY 1022-3908 

Attn: Robert Gordon, Esq. 

Richard Levin, Esq. 

And 

Bennazar, Garcia & Millian, C,S.P. 

Edificio Union Plaza, PH-A Piso 18 

416 Ave. Ponce de Le6n 

Hato Rey, PR 00918 

Attn: A.J. Bennazar-Zequeira, Esq. 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 12 of 49
ERS TITLE III 

Summary of Legal Fees Cor the Period March 1 through March 31, 2018 

..•.... ' ) . '1« '\'i ........ .. ··.······· .. ···ii.·. " •... ' ........ Ho~rly. t(jt~] ·'Tot~i. 

. ProCessional • '.' . PositiOJllTitle ' .. 'Pep,rtmen BiIfiIig • 'Billed' ;Co~p~n_~'atfo 

. .' .' ...... ;; .. >... ',;1> . Rate - Honrs <" ...... .n.·.·.·· •• ·· 

Alfredo Alvarez Ibanez Member Corporate $300.00 2.10 $ 630.00 

Hermann D. Bauer Member Litigation $290.00 0.90 $ 261.00 

Samuel Rosado Domenech Member Corporate $290.00 2.50 $ 725.00 

Ubaldo M. Fernandez Barrer Jr. Member Litigation $2\0.00 0.70 $ 147.00 

Beatriz Baldit Castro Associate Corporate $165.00 23.20 $ 3,828.00 

Jorge A. Candelaria Associate Corporate $170.00 10.00 $ 1,700.00 

Daniel J. Perez Refojos Associate Litigation $180.00 0.70 $ 126.00 

Milagros Marcano Baez Paralegal Litigation $\35.00 0.20 $ 27.00 

Totals 40,30 $ 7,444,00 

Less: 10 % Courtesy discount $ (744,40) 

ISUMMARY OF LEGAL FEES $ 6,699.60 I 

ERS TITLE III 

Summary of Disbursements for the Period March 1 through March 31, 2018 

: Uescription B Expense's '1$ Amounts 

Totals $ 

I SUMMARY OF DISBURSEMENTS $ 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 13 of 49
ERS TITLE III 

Summary of LegaJ Fees for the Period March 1 through March 31, 2018 

. ...•.......••..•..... . .... ' ... '."'.':'<'. /, .. / ..... ; ...... , •• ,> ..... . .... ···tota.T. -' ..•.....••.. ' •..•......• , .....•....•.. .. ; . . ............ ,......... •• 'i .. !;;~,;< .. ;' .. TotalFees 

Task Code I .' • .. M ..•.• , •. a~t~rDescrIl'tIon.... . ..........Bill ..e ...•.~ .. , ••. R.·.······ .. ~~u .•.. e.· •. ·.s .••. t .•.•. ~. d.; ..•. 

• ..•.••. '. ..... ..•.......... ' .' ......... ·.,.,..Hours.... ....... . 

202 Legal Research 35.30 $6,158.00 

203 Hearings and Other Non-filed Communications with the 

Court 

206 Documents Filed on Behalf of the Board 

207 Non-Board Court Filings 

208 Stay Matters 

210 Analysis and Strategy 

219 Docketing 

Less: 10% Courtesy Discount 

TOTALS 

2.50 

0.70 

0.70 

0.30 

0.60 

0.20 

40.30 

$ 725.00 

$ 147.00 

$ 126.00 

$ 87.00 

$ 174.00 

$ 27.00 

$7,444.00 

$ (744.40) 

$6,699.60 I 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 14 of 49
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $6,029.64, and reimbursement of one.-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $6,029.64. 

00551964; 1 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 15 of 49
Exhibit A 

00551964; 1 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 16 of 49
IN ACCOUNT WITH 

0' N ElL L & B 0 R G E 5 LLC 

FOME IN RE ERS TITLE III 

BILLING SUMMARY 

250 AVE MUNOZ RIVERA, SUITE 800 

SAN JUAN., PR 00918-1813 

TEL. (7-87) 764-8181 

FAX (787) 753-8944 

April 4, 2018 

Bill #: 322067 

Billing Attomey: CGB 

For Professional Services Rendered and Reimbursable Expenses for the period ending 

March 31, 2018: 

Client.Matter: P1704 - 0 

RE: GENERAL 

Total Professional Services 

Less Discount 

Net Professional Services 

Total Reimbursable Expenses 

TOTAL THIS INVOICE 

$ 7;430.50 

'$ -743.05 

$ 6,687.45 

$ .00 

$ 6,687.45 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 17 of 49
IN ACCOUNT WITH 250 AVE MUNoz RIVERA, SUITE BOO 

SAN JUAN" PR '0'0918-1813 

TEL. (787) 764-8181 

0' N ElL L & B 0 R G E S LLC 

FAX (787) 753-8944 

Client.Matter: P1704 . 0 

RE: GENERAL 

Date Atty 

3/02/18 HDB 

3/09/18 UMF 

3/09/18 DJP 

3/09/18 DJP 

3/09/18 DJP 

3112118 AAI 

3/12/18 HDB .' 

3/1.4/18 BAB 

3/15/18 SRD 

PROFESSIONAL SERVICES 

Task Description Hours 

210 Review issues regarding the nature ERS liabilitics to .60 

employees. 

206 Review and analyze certificate of service on bat'date .70 

and proofs of claim. 

207 Contact courtroom deputy clcrk and dockcl,quaI1ty .30 

analyst to inquire whether we may file bar date 

affidavits on behalf of Epiq Bankruptcy SOllltions LLC. 

207 File the bar date affidavit perta.ining ,to the ERS case, on .20 

behalf ofEpiq Banl<ruptcy'SoltitionsLLC, through the 

court's electronic filing system in case 17-3566-L TS 

(Docket No. 261). 

207 File the bar date affidavit peliaining to the ERS case, on .20 

behalf of EpiqBankruptcy Solutions LLC, through the 

cOllli's electronic filing system in case 17-3283-LTS 

(Docket No. 2701). 

202 An~iyzeERS and hypotheticaljudgment creditor. (.80) 

Analyze 16cal restriction on attachment and enforcement 

2.10 

of judgments. (.70) Conf. with J. Candelaria regarding 

saJ11e. (.60) 

208 Receive and revise lift stay notice on behalf of David .30 

Vargas Noya. (.20) Draft e-mail regarding same. (.10) 

202 Research PR laws and regulations regarding the 3.20 

attachment of a govcl1lment entity's property and funds 

in order to draft memorandum of the possibility of 

judicial attachment of ERS property. 

203 Study issues regarding application of Act 66 to ERS. 1.30 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE 

I 

Rate Amount 

290.00 174.00 

210.00 147.00 

180.00 54.00 

180.00 36.00 

180.00 36.00 

300.00 630.00 

290.00 87.00 

165.00 528.00 

290.00 377.00 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 18 of 49
Bill #: 322067 

3115118 BAB 

3/15118 BAB 

3/15118 lAC 

3/16118 SRD 

3/16/18 SRD 

3116118 BAB 

3116118 BAB 

3117118 lAC 

3118118 BAB 

3/18/18 BAB 

3118118 lAC 

O'Neill & LLC 

202 Continue researching PR laws and regulations regarding 1.40 

the attachment of a government entity's property and 

funds in order to draft memorandum of the possibility of 

judicial attachment of ERS propeliy. 

202 Review and analyze PR Supreme Court case law 5.10 

doctrine regarding the attachment of a government 

agency's funds to secure a judgment against third parties 

(e.g. garnishment of contractor/employee wages) in 

order to draft memorandum assessing thc possibility of 

judicial attachment of ERS property. 

202 Analyze Employees Retirement System powers and 1.10 

duties under its enabling statute. 

203 Various meetings with J. Candelaria regarding research .40 

on applicability of Act 66 to ERS. 

203 Review ERS legislation in connection with research on .80 

applicability of Act 66 to ERS. 

202 Continue to draft summary and analysis ofPR Supreme 2.80 

Court case law doctrine regarding the attachment of a 

public corporations funds (particularly Arraiza and 

Librotex doctrine) for memorandum regarding the 

attachment of ERS properly. 

202 Research other remedies available under PR laws to 1.60 

place liens over a government entity's property (other 

than attachment/garnishment) for memorandum 

regarding the attachment of ERS propeliy. 

202 Review and analyze memorandum on attachment and 2.30 

other judgment enforcement remedies. 

202 Continue researching other remedies available under PR 2.80 

laws to place licns over a government entity's property 

(other than attachment/garnishment) to secure a 

judgment for memorandum regarding the attachment of 

ERS property. 

202 Draft memorandum on remedies available under PR 4.80 

laws to place liens over a government entity's property 

(other than attachment/garnishment) to secure a 

judgment, in regard to the ERS. 

202 Review and analyze second version of memorandum on 2.80 

attachment and other judgment enforcement remedies. 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE 

2 

April 4, 2018 

165.00 231.00 

165.00 841.50 

170.00 187.00 

290.00 116.00 

290.00 232.00 

165.00 462.00 

165.00 264.00 

170.00 391.00 

165.00 462.00 

165.00 792.00 

170.00 476.00 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 19 of 49
Bill #: 322067 

3119118 BAB 202 Review and edit memorandnm on summary and analysis 

ofPR Supreme Court case law doctrine regarding the 

attachment of a govemment agency's funds, and other 

remedies available, to secure a judgment against a 

govemment entity, related to the attachment of ERS 

property. 

3119/18 lAC 202 Revise and edit memorandum on attachment and other 

judgment enforcement remedies. 

3123118 MMB 219 Docket court notice received by email dated March 23, 

2018, regarding scheduling order dkt. 264 - H. Bauer, 

U. Femandez, D. Perez. 

TOTAL PROFESSIONAL SERVICES 

Less Discount 

NET PROFESSIONAL SERVICES: 

SUMMARY OF PROFESSIONAL SERVICES 

Name 

SAMUEL ROSADO DOMENECH 

ALFREDO ALVAREZ IBANEZ 

HERMANN BAUER 

UBALDO M. FERNANDEZ BARRERA 

BEA TRIZ A. BALDIT CASTRO 

DANIEL J. PEREZ REFOlOS 

JORGE A. CANDELARIA 

MILAGROS MARCANO BAEZ 

Total 

TOTAL THIS INVOICE 

Hours 

2.50 

2.10 

.90 

.70 

23.20 

.70 

10.00 

.10 

40.20 

O'Neill & LLC 

April 4, 2018 

1.50 165.00 247.50 

3.80 170.00 646.00 

.10 135.00 13.50 

Rate 

290.00 

300.00 

290.00 

210.00 

165.00 

180.00 

170.00 

135.00 

$ 7,430.50 

$ -743.05 

$ 6,687.45 

Total 

725.00 

630.00 

261.00 

147.00 

3,828.00 

126.00 

1,700.00 

13.50 

$ 7,430.50 

$ 6,687.45 

CONFIDENTIAL·ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE 

3 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 20 of 49
IN ACCOUNT WITH 

0' N EI LL & BORGES LLC 

FOMB IN RE ERS TITLE III 

BILLING SUMMARY 

250 AVE MUNoZ RIVERA, SUITE 800' 

SAN JUAN, PR 00918-1813 

TEL, (787) 764-8181 

FAX (787) 753-8944 

April 4, 2018 

Bill #: 322068 

Billing Attorney: .. GGB 

For Professional Services Rendered and Reimbursable Expenses for the period ending 

March 31,2018: 

Client.Matter: P1704 - 801 

RE: 17-00213-LTS EMPLOYEES RETIREMENT SYSTEM V. ALTAIR GLOBAL CREDIT -CGB 

Total Professional Services 

VOLUME DISCOUNT 

Net Professional Services 

Total Reimbursable Expenses 

TOTAL THIS INVOICE 

$13.50 

$ -1.35 

$ 12.15 

$ .00 

$ 12.15 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 21 of 49
IN ACCOUNT WITH 250 AVE MUNOZ RIVERA,. SUITE 800 

SAN JUAN., FiR 00918-1813 

TEL. (787) 764-8181 

0' N EI LL & BORGES LLC 

FAX (787) 753-8944 

Client.Matter: P1704 , 801 

RE: 17-00213-LTS EMPLOYEES RETIREMENT SYSTEM V, ALTAIR GLOBAL CREDIT -CGB> 

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount ---- ------------

3/12/18 MMB 219 Docket court notice received by email dated March 1,2, 

2018, regarding deadlines to submit supplemental br'i'ef"i 

and declarations - H. Bauer, U, Fernandez, D, Perez, ' 

<:TO 135,00 

TOTAL PROFESSIONAL SERVICES 

VOLUME DISCOUNT 

NET PROFESSIONAL SERVICES: 

SUMMARY OFPROFltSSIONAL SERVICES 

Name Hours Rate c-==------------------"----

MILAGROS MARCANO BAEZ ,10 135,00 

Total ,10 

TOTAL TillS INVOICE 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE 

1 

$ 13,50 

$ -1.35 

$ 12,15 

$12,15 

\3,50 

Total 

13,50 

$ 13,50 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 22 of 49
00565375; 1

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

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

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

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO,

 Debtor.

PROMESA

Title III 

Case No. 17 BK 3566-LTS

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

COVER SHEET TO TWELFTH MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO 

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT 

SYSTEM OF THE GOVERNMENT OF THE COMMONWEALTH OF PUERTO 

RICO FOR THE PERIOD OF APRIL 1, 2018 THROUGH APRIL 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 (4) Digits of Federal Tax ID: 3747).

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 23 of 49
00565375; 1

Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to:

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b)

Time period covered by this application: April 1, 2018 through April 30, 2018

Amount of compensation sought as actual, 

reasonable and necessary: 

$649.80

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$26.40

Total amount for this invoice: $676.20

This is a: X monthly ___ interim ___ final application

This is O&B's twelfth monthly fee application in these cases.

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 24 of 49
00565375; 1

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for April 2018. 

______________________________________ 

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 25 of 49
00565375; 1

On July 9, 2018 sent to:

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF:

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial Advisory 

Authority:

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Edificio Union Plaza, PH-A Piso 18, 416 Ave. Ponce de 

León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury:

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Assistant Secretary of Internal 

Revenue and Tax Policy, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 26 of 49
00565375; 1

Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $290.00 0.70 $ 203.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation $210.00 1.10 $ 231.00

Daniel J. Perez Refojos Associate Litigation $180.00 1.60 $ 288.00

Totals 3.40 $ 722.00

Less: 10% Courtesy discount $ (72.20)

$ 649.80

Totals $ 26.40

$ 26.40

Duplicating $ 26.40

SUMMARY OF DISBURSEMENTS

 ERS TITLE III 

Summary of Legal Fees for the Period April 1 through April 30, 2018

SUMMARY OF LEGAL FEES

Summary of Disbursements for the Period April 1 through April 30, 2018

Description - Expenses Amounts

 ERS TITLE III 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 27 of 49
00565375; 1

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

208 Stay Matters 0.70 $ 179.00

212 General Administration 0.30 $ 87.00

224 Fee Applications-O&B 0.80 $ 168.00

225 Fee Applications-Proskauer 1.60 $ 288.00

$ 722.00

Less: 10% Courtesy Discount $ (72.20)

TOTALS 3.40 $ 649.80

 ERS TITLE III 

Summary of Legal Fees for the Period April 1 through April 30, 2018

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 28 of 49
00565375; 1

O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $584.82, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $26.40) in the total amount 

of $611.20. 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 29 of 49
00565375; 1

Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of 

this invoice. The only consideration for providing services under the contract is the 

payment agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The 

services were rendered and the corresponding payment has not been made. To the best of 

my knowledge, O’Neill & Borges LLC does not have any debts owed to the Government 

of Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Ste. 800

San Juan, PR 00918-1813

Tel: (787) 282-5786

Fax: (787) 753-8944

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 30 of 49
00565375; 1

Exhibit A

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 31 of 49
 May 3, 2018

FOMB IN RE ERS TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 32 of 49
 May 3, 2018

FOMB IN RE ERS TITLE III Bill #: 324422

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

April 30, 2018:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 722.00

Less Discount $ -72.20 

Net Professional Services $ 649.80

Total Reimbursable Expenses $ 26.40 

TOTAL THIS INVOICE $ 676.20 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 33 of 49
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

4/02/18 UMF 224 Draft monthly fee statements for November, December 

and January of O'Neill & Borges, charts and invoices 

attached thereto.

.80 210.00 168.00

4/09/18 DJP 225 Finalize the summary sheet to second 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, the employees retirement system of the 

Government of Puerto Rico, for the period October 1, 

2017 through January 31, 2018, in anticipation of its 

filing.

.40 180.00 72.00

4/09/18 DJP 225 Organize all exhibits to be filed together with the 

summary sheet to second 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, 

the employees retirement system of the Government of 

Puerto Rico, for the period October 1, 2017 through 

January 31, 2018.

.30 180.00 54.00

4/09/18 DJP 225 File the summary sheet to second 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, 

the employees retirement system of the Government of 

Puerto Rico, for the period October 1, 2017 through 

January 31, 2018, through the court's electronic filing 

system.

.20 180.00 36.00

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 34 of 49
 O'Neill & Borges LLC

Bill #: 324422 May 3, 2018 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

4/09/18 DJP 225 Review and finalize the notice of filing of summary 

sheet to second 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, the employees 

retirement system of the Government of Puerto Rico, for 

the period October 1, 2017 through January 31, 2018, in 

anticipation of its filing.

.30 180.00 54.00

4/09/18 DJP 225 File the review and finalize the notice of filing of 

summary sheet to second 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, 

the employees retirement system of the Government of 

Puerto Rico, for the period October 1, 2017 through 

January 31, 2018, through the court's electronic filing 

system.

.20 180.00 36.00

4/09/18 DJP 225 Draft and send email to Prime Clerk LLC informing of 

the filing of the Summary Sheet to Second 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, the employees retirement system of the 

Government of Puerto Rico, for the Period October 1, 

2017 through January 31, 2018, and corresponding 

Notice, and requesting service accordingly.

.20 180.00 36.00

4/17/18 HDB 208 Receive and review follow-up e-mail regarding lift stay 

notice in connection with Vargas Moya v Retiro; AP 16-

00087-ESL.

.20 290.00 58.00

4/19/18 UMF 208 Review draft of opposition to Mercado's motion for 

payment of eminent domain claim.

.30 210.00 63.00

4/20/18 HDB 212 Review letter from AAELA Counsel regarding extension 

of bar date deadlines. (.20) Draft e-mails regarding same. 

(.10)

.30 290.00 87.00

4/22/18 HDB 208 Revise draft stipulation to modify stay regarding David 

Vargas Moya.

.20 290.00 58.00

 TOTAL PROFESSIONAL SERVICES $ 722.00 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 35 of 49
 O'Neill & Borges LLC

Bill #: 324422 May 3, 2018 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

3

Less Discount $ -72.20 

 NET PROFESSIONAL SERVICES: $ 649.80 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

HERMANN BAUER .70 290.00 203.00

UBALDO M. FERNANDEZ BARRERA 1.10 210.00 231.00

DANIEL J. PEREZ REFOJOS 1.60 180.00 288.00

Total 3.40 $ 722.00

EXPENSES 

Date Description Amount

4/02/18 DUPLICATING - AS OF 4/02/18 (216 Copies @ $.10) 21.60

4/03/18 DUPLICATING - AS OF 4/03/18 (11 Copies @ $.10) 1.10

4/03/18 DUPLICATING - AS OF 4/03/18 (14 Copies @ $.10) 1.40

4/03/18 DUPLICATING - AS OF 4/03/18 (10 Copies @ $.10) 1.00

4/05/18 DUPLICATING - AS OF 4/05/18 (13 Copies @ $.10) 1.30

 TOTAL REIMBURSABLE EXPENSES $ 26.40 

TOTAL THIS INVOICE $ 676.20 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 36 of 49
00566001; 1

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

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

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

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO,

 Debtor.

PROMESA

Title III 

Case No. 17 BK 3566-LTS

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

COVER SHEET TO THIRTEENTH MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT 

SYSTEM OF THE GOVERNMENT OF THE COMMONWEALTH OF PUERTO 

RICO FOR THE PERIOD OF MAY 1, 2018 THROUGH MAY 31, 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 (4) Digits of Federal Tax ID: 3747).

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 37 of 49
00566001; 1

Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to:

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b)

Time period covered by this application: May 1, 2018 through May 31, 2018

Amount of compensation sought as actual, 

reasonable and necessary: 

$643.50

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $643.50

This is a: X monthly ___ interim ___ final application

This is O&B's thirteenth monthly fee application in these cases.

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 38 of 49
00566001; 1

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for May 2018. 

______________________________________ 

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 39 of 49
00566001; 1

On July 6, 2018 sent to:

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF:

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial Advisory 

Authority:

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Edificio Union Plaza, PH-A Piso 18, 416 Ave. Ponce de 

León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury:

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Assistant Secretary of Internal 

Revenue and Tax Policy, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 40 of 49
00566001; 1

Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation $290.00 0.60 $ 174.00

Rosa M. Lazaro Member Corporate $340.00 0.40 $ 136.00

Ubaldo M. Fernandez Barrera Jr. Member Litigation $210.00 0.60 $ 126.00

Daniel J. Perez Refojos Associate Litigation $180.00 1.40 $ 252.00

Milagros Marcano Baez Paralegal Litigation $135.00 0.20 $ 27.00

Totals 3.20 $ 715.00

Less: 10% Courtesy discount $ (71.50)

$ 643.50

Totals $ -

SUMMARY OF DISBURSEMENTS $ -

 ERS TITLE III 

Summary of Legal Fees for the Period May 1 through May 31, 2018

SUMMARY OF LEGAL FEES

Summary of Disbursements for the Period May 1 through May 31, 2018

Description - Expenses Amounts

 ERS TITLE III 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 41 of 49
00566001; 1

Task Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

206 Documents Filed on Behalf of the Board 1.40 $ 252.00

212 General Administration 0.60 $ 174.00

213 Labor, Pension Matters 0.40 $ 136.00

218 Employment and Fee Applications 0.60 $ 126.00

219 Docketing 0.20 $ 27.00

$ 715.00

Less: 10% Courtesy Discount $ (71.50)

TOTALS 3.20 $ 643.50

 ERS TITLE III 

Summary of Legal Fees for the Period May 1 through May 31, 2018

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 42 of 49
00566001; 1

O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $579.15, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $579.15. 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 43 of 49
00566001; 1

Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of 

this invoice. The only consideration for providing services under the contract is the 

payment agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The 

services were rendered and the corresponding payment has not been made. To the best of 

my knowledge, O’Neill & Borges LLC does not have any debts owed to the Government 

of Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Ste. 800

San Juan, PR 00918-1813

Tel: (787) 282-5786

Fax: (787) 753-8944

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 44 of 49
00566001; 1

Exhibit A

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 45 of 49
 June 5, 2018

FOMB IN RE ERS TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 46 of 49
 June 5, 2018

FOMB IN RE ERS TITLE III Bill #: 326798

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

May 31, 2018:

 

Client.Matter: P1704 - 0

RE: GENERAL

 

Total Professional Services $ 715.00

Less Discount $ -71.50 

Net Professional Services $ 643.50

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 643.50 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 47 of 49
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1704 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

5/15/18 HDB 212 Review draft Stipulation for the filing of UCC 

Continuation Statement (.4) Exchange e-mails with P. 

Possinger regarding the same (.2)

.60 290.00 174.00

5/18/18 UMF 218 Draft monthly fee applications for February and March 

2018 as regards ERS Title III work.

.60 210.00 126.00

5/24/18 MMB 219 Docket court notice received by email dated May 23, 

2018, regarding deadline to file opposition papers to 

motion for extension of bar date to file proofs of claim 

dkt. 278 - H. Bauer, U. Fernandez, D. Pérez.

.10 135.00 13.50

5/25/18 RML 213 Review email from J. Ramirez regarding claims by 

UPR plan regarding PR Reciprocity Act. and benefits of 

certain employees.

.40 340.00 136.00

5/25/18 DJP 206 Finalize the Debtors' Response to (I) Motion for 

Extension of Bar Date to File Proofs of Claim and (II) 

Response of Official Committee of Unsecured 

Creditors.

.40 180.00 72.00

5/25/18 DJP 206 Finalize the Proposed Order to be attached to the 

Debtors' Response to (I) Motion for Extension of Bar

Date to File Proofs of Claim and (II) Response of 

Official Committee of Unsecured Creditors.

.20 180.00 36.00

5/25/18 DJP 206 Finalize the Form of Publication Notice to be filed 

together with the Debtors' Response to (I) Motion for 

Extension of Bar Date to File Proofs of Claim and (II) 

Response of Official Committee of Unsecured 

Creditors.

.20 180.00 36.00

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 48 of 49
 O'Neill & Borges LLC

Bill #: 326798 June 5, 2018 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

5/25/18 DJP 206 File the Debtors' Response to (I) Motion for Extension 

of Bar Date to File Proofs of Claim and (II) Response of 

Official Committee of Unsecured Creditors, and 

supporting exhibits, through the court's electronic filing 

system in case 17-3566.

.20 180.00 36.00

5/25/18 DJP 206 Draft email to Prime Clerk LLC informing of the filing 

of the Debtors' Response to (I) Motion for Extension of 

Bar Date to File Proofs of Claim and (II) Response of 

Official Committee of Unsecured Creditors in all 5 Title 

III cases, and requesting service accordingly.

.20 180.00 36.00

5/25/18 DJP 206 Send email to presiding judge attaching stamped 

versions of the Debtors' Response to (I) Motion for 

Extension of Bar Date to File Proofs of Claim and (II) 

Response of Official Committee of Unsecured 

Creditors, as filed in all 5 Title III cases.

.20 180.00 36.00

5/29/18 MMB 219 Docket court notice received by email dated May 25, 

2018, regarding deadline to file proofs of claim in 17-

03566 - H. Bauer, U. Fernandez, D. Pérez.

.10 135.00 13.50

 TOTAL PROFESSIONAL SERVICES $ 715.00 

Less Discount $ -71.50 

 NET PROFESSIONAL SERVICES: $ 643.50 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

ROSA M. LAZARO .40 340.00 136.00

HERMANN BAUER .60 290.00 174.00

UBALDO M. FERNANDEZ BARRERA .60 210.00 126.00

DANIEL J. PEREZ REFOJOS 1.40 180.00 252.00

MILAGROS MARCANO BAEZ .20 135.00 27.00

Total 3.20 $ 715.00

TOTAL THIS INVOICE $ 643.50 

Case:17-03283-LTS Doc#:3559-4 Filed:07/16/18 Entered:07/16/18 19:09:12 Desc:

Exhibit B Part 4 Page 49 of 49