Exhibit A 

Certification under Guidelines 

Case:17-03283-LTS Doc#:2870-1 Filed:04/09/18 Entered:04/09/18 19:53:34 Desc:

Exhibit A Page 1 of 5
UNITED STATES DISTRICT COURT 

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 

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 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, 

 

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 5
2 

AS REPRESENTATIVE OF THE DEBTOR, PUERTO RICO SALES TAX FINANCING 

CORPORATION, FOR THE PERIOD OCTOBER 1, 2017 THROUGH JANUARY 31, 2018 

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 second interim application for allowance of compensation for services 

rendered and reimbursement of expenses incurred with respect to the Debtor’s Title III case, 

dated April 9, 2018 (the Application”), 3 for the period from October 1, 2017 through and 

including January 31, 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 

 

2

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

3

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

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

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

Guidelines, 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 Order. 

[Remainder of Page Intentionally Left Blank] 

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Dated: April 9, 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 

Case:17-03283-LTS Doc#:2870-1 Filed:04/09/18 Entered:04/09/18 19:53:34 Desc:

Exhibit A Page 5 of 5