UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

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 : 

THE GOVERNMENT DEVELOPMENT BANK : PROMESA 

FOR PUERTO RICO, : Title VI 

 : 

Applicant. : Case No. 18-cv-1561 (LTS) 

 : 

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 : 

In re: : 

 : 

THE FINANCIAL OVERSIGHT AND : PROMESA 

MANAGEMENT BOARD FOR PUERTO RICO, : Title III 

 : 

 as representative of : Case No. 17-BK-3283 (LTS) 

 : 

THE COMMONWEALTH OF PUERTO RICO et al., : (Jointly Administered) 

 : 

Debtors.1

 : 

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 : 

 : 

THE OFFICIAL COMMITTEE OF UNSECURED : 

CREDITORS OF THE DEBTORS (OTHER THAN :

:

Adv. Proc. No. 18-00101 (LTS) 

COFINA), : 

 : 

Plaintiff, : 

 : 

v. :

 : 

THE COMMONWEALTH OF PUERTO RICO, THE 

PUERTO RICO FISCAL AGENCY AND FINANCIAL 

ADVISORY AUTHORITY, THE GOVERNMENT 

:

:

:

 

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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DEVELOPMENT BANK FOR PUERTO RICO, AND THE 

FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, 

:

:

:

:

 : 

Defendants. : 

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INFORMATIVE MOTION OF OFFICIAL COMMITTEE OF UNSECURED 

CREDITORS REGARDING OCTOBER 3, 2018 HEARING 

To the Honorable United States District Judge Laura Taylor Swain: 

The Official Committee of Unsecured Creditors of all title III Debtors (other than 

COFINA) (the “Committee”) hereby submits this informative motion in response to the Court’s 

Order Regarding Procedures for Attendance, Participation and Observation of the October 3, 

2018 Hearing, dated September 26, 2018 [Case No. 18-1561, Docket No. 167, Case No. 17-

3283, Docket No. 3975, and Adv. Proc. No. 18-0101, Docket No 10] (the “Scheduling Order”) 

and respectfully states as follows: 

1. Luc A. Despins and Nicholas A. Bassett of Paul Hastings LLP will appear in person on 

behalf of the Committee at the Hearing (as defined in the Scheduling Order) in 

Courtroom 17C of the United States District Court for the Southern District of New 

York, Daniel Patrick Moynihan Courthouse, 500 Pearl Street, New York, NY, and 

address, as necessary, the following matters: 

(a) Notice of Intention to Object Regarding Purported Qualifying Modification for 

Government Development Bank [Case No. 18-1561, Docket No. 59];

(i) Objection of Financial Oversight and Management Board for Puerto Rico 

as the Administrative Supervisor of the Government Development Board 

for Puerto Rico to the Official Committee of Unsecured Creditors’ Notice 

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of Intention to Object to Qualifying Modification for Government 

Development Bank [Case No. 18-1561, Docket No. 111]; 

(ii) GDB and AAFAF’s Objection to the Official Committee of Unsecured 

Creditors’ Standing to Object to the Approval Application [Case No. 18-

1561, Docket No. 112];

(iii) Omnibus Response of Official Committee of Unsecured Creditors to 

GDB/AAFAF’s and Oversight Board's Standing Objections [Case No 18-

1561, Docket No. 131];

(iv) GDB and AAFAF’s Reply to the Official Committee of Unsecured 

Creditors’ Omnibus Response to GDB/AAFAF’s and Oversight Board’s 

Standing Objections [Case No 18-1561, Docket No. 170]

(v) Financial Oversight and Management Board for Puerto Rico’s Reply to 

Omnibus Response of Official Committee of Unsecured Creditors to 

GDB/AAFAF’s and Oversight Board’s Standing Objections [Case No 18-

1561, Docket No. 171];

(b) Official Committee of Unsecured Creditors’ Motion for Order Granting 

Derivative Standing to Act on Behalf of Title III Debtors for Certain Limited 

Purposes and Other Related Relief With Respect to Restructuring of Government 

Development Bank for Puerto Rico [Case No. 17-3283, Docket No. 3881];

(i) Objection of Financial Oversight and Management Board to Official 

Committee of Unsecured Creditors’ Motion for Order Granting Derivative 

Standing to Act on Behalf of Title III Debtors for Certain Limited 

Purposes and Other Related Relief With Respect to Restructuring of 

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Government Development Bank for Puerto Rico [Case No. 17-3283, 

Docket No. 3959];

(ii) Objection of the Government Development Bank for Puerto Rico and the 

Puerto Rico Fiscal Agency and Financial Advisory Authority to the 

Official Committee of Unsecured Creditors’ Derivative Standing Motion

[Case No. 17-3283, Docket No. 3961];

(c) Complaint of Official Committee Of Unsecured Creditors of All Title III Debtors 

(Other Than COFINA) for Declaratory Judgment with Respect to GDB 

Restructuring [Adv. Proc. No. 18-0101, Docket No. 1];

(i) Financial Oversight and Management Board’s Memorandum of Law in 

Support of Its Motion to Dismiss Complaint for Lack of Standing [Adv. 

Proc. No. 18-0101, Docket No. 7];

(ii) GDB and AAFAF’s Motion to Dismiss Complaint for Lack of Standing

[Adv. Proc. No. 18-0101, Docket No, 8];

(1) Memorandum of Law in Support of GDB and AAFAF’s Motion to 

Dismiss Complaint for Lack of Standing [Adv. Proc. No. 18-0101, 

Docket No. 9]; 

(d) Any objections, responses, statements, joinders, or replies to any of the foregoing 

pleadings; and

(e) Any statements made by any party in connection with the title III cases or any 

adversary proceeding pending therein. 

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2. In addition, Mr. Juan J. Casillas Ayala of Casillas, Santiago & Torres LLC and 

one of his co-counsel will also be attending, on behalf of the Committee, the Hearing by video 

teleconference in the United States District Court for the District of Puerto Rico. 

[Remainder of page intentionally left blank.] 

 

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WHEREFORE, the Committee respectfully requests that the Court take notice of the 

above. 

Dated: September 28, 2018 

 

/s/ Luc A. Despins .

PAUL HASTINGS LLP 

Luc. A. Despins, Esq. (Pro Hac Vice) 

James R. Bliss, Esq. (Pro Hac Vice)

Nicholas A. Bassett, Esq. (Pro Hac Vice) 

200 Park Avenue 

New York, New York 10166 

Telephone: (212) 318-6000 

lucdespins@paulhastings.com 

jamesbliss@paulhastings.com 

jamesgrogan@paulhastings.com 

nicholasbassett@paulhastings.com 

Counsel to the Official Committee of Unsecured 

Creditors

- and - 

/s/ Juan J. Casillas .

CASILLAS, SANTIAGO & TORRES LLC 

Juan J. Casillas Ayala, Esq., USDC - PR 218312 

Diana M. Batlle-Barasorda, Esq., USDC - PR 213103 

Alberto J. E. Añeses Negrón, Esq., USDC - PR 302710 

Ericka C. Montull-Novoa, Esq., USDC - PR 230601 

El Caribe Office Building 

53 Palmeras Street, Ste. 1601 

San Juan, Puerto Rico 00901-2419 

Telephone: (787) 523-3434 

jcasillas@cstlawpr.com 

dbatlle@cstlawpr.com 

aaneses@cstlawpr.com 

emontull@cstlawpr.com 

Local Counsel to the Official Committee of Unsecured 

Creditors

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