Estimated Hearing Date: November 7, 2018

Objection Deadline: August 6, 2018

UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

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

No. 17 BK 3283-LTS

Re: ECF No. 1063, 1150, 3269

(Jointly Administered)

SUMMARY OF FIRST APPLICATION OF MARINI PIETRANTONI MUÑIZ LLC

FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND FOR 

REIMBURSEMENT OF EXPENSES AS COUNSEL TO THE PUERTO RICO FISCAL 

AGENCY AND FINANCIAL ADVISORY AUTHORITY FOR THE PERIOD FROM 

MARCH 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 Digits of Federal Tax ID: 3747). 

(Title III case numbers are listed as Bankruptcy Case numbers due to software limitations).

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Name of Applicant: MARINI PIETRANTONI MUÑIZ, LLC

Authorized to Provide Professional Services 

to:

Period for which compensation and 

reimbursement are sought:

Total amount of compensation approved 

by interim order to date: 

Total amount of expenses approved by 

interim order to date: 

Amount of Compensation sought as actual, 

reasonable, and necessary: 

Amount of Expense Reimbursement sought 

as actual, reasonable, and necessary: 

Rates higher than those disclosed at retention: 

 

Number of professionals included in this 

application: 

This is a(n): __monthly X interim final 

application2

This is the first interim fee application filed by 

Marini Pietrantoni Muñiz LLC in the Debtor’s 

Title III Case. The total time expended in 

connection with the preparation of this interim 

application is not included herein, as such time 

was expended after the Compensation Period. 

 

2 MPM’s fees and expense totals in this interim fee application do not differ from the sum previously-served in

 MPM’s monthly statements.

3 MPM appeared on behalf of AAFAF on March 6, 2018. 

Puerto Rico Fiscal Agency and Financial 

Advisory Authority (“AAFAF”) as the entity 

authorized to act on behalf of the 

Commonwealth of Puerto Rico

March 1, 2018 through May 31, 2018 

(the “Compensation Period”).

3

None

None

$203,956.65

$7,323.38

None

13

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Prior Monthly Fee Statements Submitted:

Compensation Period Fees Incurred Expenses Requested

March 1 2018- April 30 2018 $117,267.75 $6,795.28

May 1, 2018- May 31, 2018 $86,688.90 $528.10

TOTAL INCURRED: $203,956.65 $7,323.38

Payments Made to Date:

Compensation Period Fees Paid Expenses Paid

March 1, 2018- April 30, 2018 $105,540.984$7,323.38.

May 1, 2018- May 31, 2018 $0 $0

TOTAL PAID: $105,540.98 $7,323.38

TOTAL AMOUNT OWED: $98,415.67 $528.10

 

4 90% of fees requested. 

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TABLE OF SCHEDULES AND EXHIBITS

Schedule A- List and Summary of Hours by Professional (March -May 2018)

Schedule B - Summary of Hours and Compensation by Matter Code

Schedule C - Expense Summary

Schedule D - Customary and Comparable Disclosures

Exhibit A - Attorney Certification

Exhibit B- Detailed Time and Expense Records

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Schedule A

LIST AND SUMMARY OF HOURS AND COMPENSATION BY PROFESSIONAL 

(MARCH -MAY 2018)

Name Title or 

Position

Hourly Rate 

Billed in this 

Application

Hours Billed 

in this 

Application

Total Compensation

LUIS MARINI MEMBER 270 250 $67,395.00

MAURICIO MUÑIZ MEMBER 243 26.4 $6,415.20

CAROLINA VELAZ MEMBER 193.5 214.10 $41,455.80

IAN MARINI BIAGGI SPECIAL 

COUNSEL 189 41.25 $7,796.25

KARENA MONTES ASSOCIATE 171.00 0.3 $51.30

MARIA TERESA ALVAREZ ASSOCIATE 162 152.30 $24,678.90

LAURA RIVERA ATTORNEY 157.5 1 $157.50

ENRIQUE RAMOS ATTORNEY 157.5 145.1 $22,853.25

VALERIE BLAY ASSOCIATE 144 128.15 $18,453.60

MELANIE PEREZ RIVERA ASSOCIATE 157.50 15.3 $2,409.75

OMAR ANDINO ASSOCIATE 126 21.2 $2,671.20

KARLA GONZALEZ PARALEGAL 112.5 50.5 $5,681.25

GERALDINE TOSTE PARALEGAL 112.5 35 $3,937.50

TOTAL – March- May 2018 1,080.60 $203,956.65

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LIST OF PROFESSIONALS WITH 15 HOURS OR LESS OF BILLABLE HOURS

Professional Month (s) in which less than 15 

hours were billed

Explanation why services were 

reasonable and necessary

LAURA RIVERA April 2018 Ms. Rivera is an attorney who 

assisted in MPM’s review of the 

Commonwealth’s unexpired 

leases with PBA. 

KARENA MONTES

May 2018 Ms. Montes an associate in

MPM who assisted in the 

finalizing and filing of motions. 

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Schedule B

SUMMARY OF HOURS AND COMPENSATION BY MATTER CODE

Task Code Matter Description Total Billed

Hours

Total Fees

Requested

Commonwealth Title III Case

Assumption and 

Rejection of Leases 

and Contracts

This category includes all matters 

relating to the assumption or rejection 

of the Commonwealth’s executory 

contracts and unexpired leases. 

542.35 $88,414.65

Asset Analysis and 

Recovery This category relates to all matters 

relating to identification and review of 

potential assets including causes of 

action and non-litigation recoveries.

0.1 $27

Case 

Administration

This category includes all matters 

relating to general case administration 

and coordination, records 

maintenance, drafting, review, analysis 

and filing of pleadings, assisting the 

Commonwealth in fulfilling their 

duties as debtors in possession through 

AAFAF, and serves as a general code 

for services performed that do not fit 

under any other specific code.

78.4 $18,249.30

Claims 

Administration and 

Objections

This category includes all matters 

relating to the claims process in the 

Title III Case.

16.6 $4,245.75

Fee Applications

This category relates to time spent by 

MPM attorneys in connection with the 

preparation of fee or retention 

applications and reviewing the fee 

applications of other professionals. 

72.7 $13,000.95

Fee Objections 

This category relates to time spent by 

MPM attorneys in connection with the 

review and objection to fee statements 

of other professionals. 

19.3 $3,895.65

Meetings and 

Communications 

with Creditors

 This category includes all meetings

 and communications with 

 attorneys for creditors.

6.3 $1,701.00

General Advice This category relates to all matters 

relating to general advice or opinions. 0.2 $38.70

Other Contested 

Matters

This category includes analysis, 

preparation, and prosecution of 

adversary proceedings or other 

litigation. 

40.2 $8,633.70

Relief From Stay 

and Adequate 

Protection

This category includes all matters 

relating to creditor requests for relief 

from the automatic stay or for 

adequate protection, including 

assisting the Commonwealth, through 

AAFAF, to respond, defend, and settle 

such requests.

265.55 $33,395.85

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Task Code Matter Description Total Billed

Hours

Total Fees

Requested

Other Matters

CommonwealthPREPA

This category includes all matters 

relating to PREC Adversary 

Proceeding 18-00021.

28.2 $6,206.85

COOP Adversary 

Proceedings

This category includes all matters 

related to COOP Adversary 

Proceeding 18-00028. 

6.7 $1,787.40

FOMB 

Investigation

This category includes all matters 

related to FOMB Investigation by 

Kobre & Kim

38 $9,341.10

Grand Total 1080.60 $203,956.65

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Schedule C

EXPENSE SUMMARY

Total 

Copying $0.10 per copy $1,150

Online Research- Westlaw $5,572.00

Transcript Fees $342.84

Parking Fees $68.54

Installation and Configuration of Citrix software for Due 

Diligence re: FOMB Investigation 

$190.00

Grand Total $7,323.38

Schedule D

Category of Timekeeper Blended Hourly Rate

Billed This Case During the 

Compensation Period

Member $235.00

Counsel/Associate/Attorney $156.70

Paralegal $112.50 

Aggregated $188.74

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UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et 

al.,

Debtors.5

PROMESA

Title III

No. 17 BK 3283-LTS

Re: ECF No. 1063, 1150, 3269

(Jointly Administered)

FIRST INTERIM FEE APPLICATION OF MARINI PIETRANTONI MUÑIZ LLC FOR 

ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND FOR 

REIMBURSEMENT OF EXPENSES AS COUNSEL TO THE PUERTO RICO FISCAL 

AGENCY AND FINANCIAL ADVISORY AUTHORITY FOR THE PERIOD FROM 

MARCH 1, THROUGH MAY 31, 2018

Marini Pietrantoni Muñiz LLC (“MPM”), as counsel to the Puerto Rico Fiscal Agency and 

Financial Advisory Authority (“AAFAF”), as the entity authorized to act on behalf of the 

Commonwealth of Puerto Rico, the Puerto Rico Sales Tax Financing Corporation, the Puerto Rico 

Highways and Transportation Authority, the Employees Retirement System of the Government of 

 

5 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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the Commonwealth of Puerto Rico (collectively, the “Debtors”), pursuant to the authority granted 

to it under the Enabling Act of the Fiscal Agency and Financial Advisory Authority, Act 2-2017, 

makes its first interim application (this “Application”) for allowance of compensation, under 

sections 316 and 317 of PROMESA, Rule 2016 of the Federal Rules of Bankruptcy Procedure, 

Rule 2016-1 of the Local Bankruptcy Rules for the United States Bankruptcy Court for the District 

of Puerto Rico and the United States Trustee Guidelines for Reviewing Applications for 

Compensation and Reimbursement of Expenses by Attorneys in Larger Chapter 11 Cases, 

effective, November 1, 2013, of $203,965.65 and reimbursement of expenses of $7,323.38, for the 

period of from March 1, 2018, through May 31, 2018 (the “Compensation Period”) in accordance 

with the Second Amended Order Setting Procedures for Interim Compensation and 

Reimbursement of Expenses of Professionals [ECF No. 3269] (the “Interim Compensation Order”) 

and the Memorandum regarding Fee Review- Timeline and Process, dated November 10, 2017 

(the “Fee Examiner Guidelines”). In support of this Application, MPM respectfully states as 

follows: 

BACKGROUND

1. On May 3, 2017, the Commonwealth of Puerto Rico (the “Commonwealth”), by 

and through the Financial Oversight and Management Board for Puerto Rico (the “Oversight 

Board”), as the Commonwealth’s representative pursuant to section 315(b) of PROMESA, filed a 

petition with the Court under Title III of PROMESA.

2. On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation (“COFINA”), 

by and through the Oversight Board, as COFINA’s representative pursuant to PROMESA section 

315(b), filed a petition with the Court under Title III of PROMESA. 

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3. On May 21, 2017, the Puerto Rico Highways and Transportation Authority 

(“HTA”), by and through the Oversight Board, as HTA’s representative pursuant to PROMESA 

section 315(b) filed a petition with the Court under Title III of PROMESA. 

4. On May 21, 2017, the Employees Retirement System for the Commonwealth of 

Puerto Rico (“ERS”), by and through the Oversight Board, as ERS’s representative pursuant to 

PROMESA section 315(b) filed a petition with the Court under Title III of PROMESA.

5. On July 3, 2017, the Puerto Rico Electric Power Authority (“PREPA”) by and 

through the Oversight Board, as PREPA’s representative pursuant to PROMESA section 315(b) 

filed a petition with the Court under Title III of PROMESA.

6. Through Orders of this Court, the Commonwealth, COFINA, HTA, ERS, and 

PREPA Title III Cases (together, the “Title III Cases”) are jointly administered for procedural 

purposes only, pursuant to PROMESA section 304(g) and Bankruptcy Rule 1015 [ECF Nos. 

242,537,1417]. 

7. This Application seeks allowance of compensation and reimbursement of expenses 

incurred by MPM solely in connection with the Commonwealth related matters described below. 

COMPENSATION REQUESTED BY MPM

8. AAFAF retained MPM pursuant to an engagement letter dated February 20, 2018, 

as subsequently amended, (the “Engagement Letter”). Pursuant to the Engagement Letter, payment 

of all fees and expenses detailed in this Application will be made exclusively by AAFAF. 

9. MPM’s hourly rates are set at a level designated to compensate MPM fairly for the 

work of its attorneys and paraprofessionals and are disclosed in detail in the Engagement Letter. 

In light of the unique facts and circumstances of these Title III Cases, MPM agreed to provide a 

10% discount on all fees incurred. 

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10. MPM’s rates are appropriate and reasonable for complex litigation and 

restructuring matters, whether in court or otherwise. The rates and rate structure reflect that such 

complex matters typically involve great complexity, high stakes, and intense time pressures. In 

addition, the fees charged by MPM are in accordance with the firm’s existing billing rates and 

procedures in effect during the Compensation Period. The rates charged by MPM for the services 

rendered by its professionals are consistent with the competitive market rates in Puerto Rico for 

bankruptcy matters, charged by other Puerto Rico attorneys who have appeared in the Title III 

cases. 

11. MPM submits that the compensation requested is reasonable in light of the nature, 

extent, and value of such services provided to AAFAF. 

SUMMARY OF SERVICES

12. During the Compensation Period, MPM provided important professional services 

to AAFAF in connection with the Title III Cases. Detailed descriptions of the specific services 

provided and the time expended performing such services are attached as Exhibit B, and a 

summary of the services provided by MPM to AAFAF during the Compensation Period is set forth 

below. 

13. MPM has served as counsel to AAFAF, who as the entity authorized to act of behalf 

of the Commonwealth, pursuant to the authority granted to it under the Enabling Act of the Fiscal 

Agency and Financial Advisory Authority, Act 2-2017, has defended the Commonwealth’s rights 

and interests in the multiple litigations, and in the formulation of legal strategies related to the 

response to requests to modify the Title III Stay, the claims resolution procedure and the 

assumption and rejection of unexpired executory leases, among other things. 

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14. MPM has worked, in among other things, the following: (i) the drafting and revision 

of motions and pleadings; (ii) preparation for hearings, (iii) due diligence review and analysis of 

the Commonwealth’s unexpired leases; (iv) communicated with various agencies and assisted in 

the negotiation and drafting of stipulations or objections to requests to modify the Title III stay, 

(v) research of Puerto Rico and federal law regarding bankruptcy issues; and (vi) performed other 

services as described in this Application. 

15. MPM attorneys, as counsel for AAFAF, also attended hearings and participated in 

teleconferences with AAFAF, its professionals, the Financial Oversight and Management Board, 

its professionals, creditors and other parties. More than one MPM attorney may have participated 

in these hearings and conferences when required in order to better represent AAFAF. 

16. MPM has established subject matters categories (each, a “Matter Category”) for 

keeping time records of the work performed for AAFAF. The following is a summary by Matter 

Category, of the professional services provided by MPM during the Compensation Period6.

a) Assumption and Rejection of Leases and Contracts -524.35- $88,414.65

17. This category includes all work done in relation to the assumption and rejection of 

leases and contracts. During the Compensation Period, MPM attorneys conducted an extensive 

due diligence, analysis and review of the Commonwealth’s, unexpired leases, inventoried them 

and analyzed key provisions as part of and to facilitate the assumption and rejection analysis. 

b) Case Administration- 78.4- $18,249.30

18. This category includes all matters relating to general case administration and 

coordination, record maintenance, pleading review and analysis, and assisting the Commonwealth, 

 

6 Several of the matter categories, do not appear in this summary because MPM did not bill a substantial 

amount of time under those categories during the Compensation Period. Exhibit B provides a complete

summary of the hours billed and total compensation requested by matter category.

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through AAFAF, in fulfilling its duties as debtor in possession, attending and preparing for

omnibus hearings, and serves as a general code for services performed that do not fit under any 

other specific code. 

c) Claims Administration and Objections- 16.6-$4,245.75

19. This category includes all matters related to the claims process in the 

Commonwealth’s Title III Case. During the compensation period, MPM assisted in the analysis 

and discussion related to a claims resolution procedure, attended meetings and assisted with the

extension of the bar date. 

d) Fee Applications- 72.2- $13,000.95

20. This category includes all time spent by MPM attorneys preparing its fee 

applications, as well as reviewing and commenting on fee applications of other professionals. 

During the Compensation Period, MPM spent time preparing its monthly fee statements for March 

through May. 

e) Fee Objections -19.3- $3,895.65

21. This category relates to time spent by MPM attorneys in connection with the 

analysis and objection to fee statements of other professionals. During the Compensation Period, 

MPM drafted an objection to Paul Hasting’s LLP’s March Fee Statement and assisted in the 

discussion and negotiation related to the same, and in the analysis of potential objections to other 

fee statements. 

f) Meetings and Communications with Creditors 6.3-$1,701.00

22. This category includes all communications with counsels for creditors. During the 

Compensation Period, MPM communicated with several attorneys for creditors. 

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g) Other Contested Matters- 40.2- $8,633.70

23. This category includes analysis, preparation, and prosecution of adversary 

proceedings, contested matters, or other litigation. During the Compensation Period, MPM 

assisted in the drafting, revision and filing of motions in several adversary proceedings and 

contested matters. 

h) Relief from Stay and Adequate Protection- 265.55- $33,395.85

24. This category includes all matters relating to requests for relief from the automatic 

stay or for adequate protection, including assisting the Commonwealth to respond, defend, and 

settle such requests. During the Compensation Period, MPM analyzed the applicability of the 

automatic stay to pending federal and state litigation against the Commonwealth, responded to 

requests to lift the Title III Stay, consulted with various Commonwealth agencies, and drafted and 

revised objections or stipulations related to the requests. 

i) Commonwealth-PREPA- 46.0- $28.2-$6,206.85

25. This category includes all work done in connection with adversary proceeding 18-

0021. During the Compensation Period, MPM assisted O’Melveny & Myers LLP (“OMM”) in the 

revision and filings of motions and pleadings in this matter and attended hearings. 

j) COOP Adversary Proceeding- 6.7- $1,787.40

26. This category includes all work done in connection with the adversary proceeding 18-0028. 

During the Compensation Period, MPM analyzed the complaint and drafted and reviewed motions.

k) FOMB Investigation- 38- $9,341.10

27. This category includes all work done in connection with the ongoing FOMB 

investigation being conducted by Kobre and Kim regarding the historical debt issuance practices 

of the Commonwealth and certain of its instrumentalities. During the Compensation Period, MPM 

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professionals participated in several interviews, and assisted with discovery related matters, 

general advice and other matters. 

ATTORNEY CERTIFICATION

28. In accordance with Puerto Rico Local Bankruptcy Rule 2016-1(a)(4), the 

undersigned has reviewed the requirements of Puerto Rico Local Bankruptcy Rule 2016-1(a)(4) 

and certifies to the best of his information, knowledge and belief that this Application complies 

with Puerto Rico Local Bankruptcy Rule 2016-1(a)(4). In this regard, and incorporated herein by 

reference, the Certification of Luis C. Marini Biaggi in accordance with the U.S. Trustee 

Guidelines is attached hereto as Exhibit A. 

NO PRIOR APPLICATION FILED

29. No prior application for the relief requested by this Application has been made to 

this or any other court. 

RESERVATION OF RIGHTS

30. MPM reserves the right to requests compensation for services and reimbursement 

of such expenses in a future application that have not been proceed in relation to the Compensation 

Period object of this Application. 

WHEREFORE, MPM respectfully requests that the Court enter an order: (a) awarding

MPM compensation for professional and paraprofessional services provided during the 

Compensation Period in the amount of $203,956.65; (b) reimbursement of actual, reasonable and 

necessary expenses incurred in the Compensation Period in the amount of $7,323.38; and (c) 

granting such other relief as is appropriate under the circumstances. 

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Dated: July 16, 2018 

San Juan, Puerto Rico 

Respectfully submitted, 

 

/s/Luis C. Marini-Biaggi

Luis C. Marini-Biaggi

USDC No. 222301 

Email: lmarini@mpmlawpr.com

/s/Carolina Velaz-Rivero

Carolina Velaz-Rivero

USDC No. 300913

Email: cvelaz@mpmlawpr.com

MARINI PIETRANTONI MUÑIZ LLC

MCS Plaza, Suite 500

255 Ponce de León Ave.

San Juan, Puerto Rico 00917

Tel: (787) 705-2171

Fax: (787) 936-7494

Attorneys for the Puerto Rico Fiscal 

Agency and Financial Advisory Authority

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Exhibit A

ATTORNEY CERTIFICATION 

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UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al

Debtors.7

PROMESA

Title III

No. 17 BK 3283-LTS

Re: ECF No. 1063, 1150, 3269

(Jointly Administered)

CERTIFICATION OF LUIS C. MARINI BIAGGI PURSUANT TO PUERTO RICO 

LOCAL BANKRUPTCY RULE 2016-1(a)(4)

Luis C. Marini Biaggi, under penalty of perjury certifies as follows:

1. I am a member with the law firm Marini Pietrantoni Muñiz LLC (“MPM”). I make this 

certification in accordance with Rule 2016-1(a)(4) of the Local Rules of Bankruptcy Practice and 

Procedure of the United States Bankruptcy Court for the District of Puerto Rico (the “Local 

Rules”) regarding the contents of applications for compensation and expenses. 

2. I am familiar with the work performed by MPM for the Puerto Rico Fiscal Agency and 

Financial Advisory Authority (“AAFAF”) acting for or on behalf of the Debtors. 

 

7 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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3. I have read the First Interim Application of Marini Pietrantoni Muñiz LLC for Allowance 

of Compensation for Services Rendered and for Reimbursement of Expenses As Counsel to the 

Puerto Rico Fiscal Agency and Financial Advisory Authority for the Period From March 1,2018 

through May 31, 2018 (the “Application”), and the facts set forth therein are true and correct to 

the best of my knowledge, information, and belief.

4. To the best of my knowledge, information, and belief, formed after reasonable inquiry, 

the fees and disbursements sought in the Application are permissible under PROMESA, the 

Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, the Interim Compensation Order, 

the Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses by 

Attorneys in Larger Chapter 11 Cases, effective, November 1, 2013 (the “Guidelines”), and the 

Local Rules. 

Dated: July 16, 2018 /s/Luis C. Marini-Biaggi

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