Exhibit A 

Certification under Guidelines 

Case:17-03283-LTS Doc#:4292-1 Filed:11/16/18 Entered:11/16/18 17:03:08 Desc:

Exhibit A Page 1 of 4
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 

---------------------------------------------------------------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 

THE EMPLOYEES RETIREMENT SYSTEM OF 

THE GOVERNMENT OF PUERTO RICO, 

 Debtor. 

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

PROMESA 

Title III 

Case No. 17 BK 3566-LTS 

This Application relates only to 

ERS and shall be filed in the 

Lead Case No. 17 BK 3283-LTS 

and ERS’s Title III Case (Case 

No. 17 BK 3566-LTS) 

CERTIFICATION UNDER GUIDELINES FOR FEES 

AND DISBURSEMENTS FOR PROFESSIONALS IN RESPECT 

OF FOURTH 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 JUNE 1, 2018 THROUGH SEPTEMBER 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 Digits of Federal Tax ID: 3747). (Title III case numbers are listed as Bankruptcy Case numbers 

due to software limitations.) 

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2 

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 Employees 

Retirement System of the Government of Puerto Rico (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 fourth interim application for allowance of compensation for 

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

case, dated November 16, 2018 (the “Application”),3

 for the period from June 1, 2018 through 

and including September 30, 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 

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

 

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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3 

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

Guidelines or (ii) Proskauer agreed to provide discounts to its usual rates in 

connection with its representation of the Oversight Board, 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 Interim Compensation Order. 

Dated: November 16, 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#:4292-1 Filed:11/16/18 Entered:11/16/18 17:03:08 Desc:

Exhibit A Page 4 of 4