IN THE 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 al.

Debtor. 

____________________________________________ 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO 

as representative of 

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

Debtor. 

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PROMESA 

Title III 

Case No. 3:17-bk-03283 (LTS) 

PROMESA 

Title III 

Case No. 3:17-cv-01685 (LTS) 

Case No. 3:17-bk-03566 (LTS) 

 

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ORDER SETTING SCHEDULE WITH RESPECT TO MOTION OF CERTAIN 

SECURED CLAIMHOLDERS OF THE EMPLOYEES RETIREMENT SYSTEM OF 

THE GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO 

FOR RELIEF FROM THE AUTOMATIC STAY 

Case:17-03283-LTS Doc#:3739-1 Filed:08/03/18 Entered:08/03/18 22:24:46 Desc:

Proposed Order Page 1 of 3
 Upon the Urgent Motion to Set Supplemental Briefing and Discovery Schedule with Respect 

to Motion of Certain Secured Creditors of the Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico for Relief from the Automatic Stay (the “Urgent Motion”)1

; and the 

Court having found it has subject matter jurisdiction over this matter pursuant to PROMESA section 

306(a); and it appearing that venue is proper pursuant to PROMESA section 307(a); and the Court 

having found that notice of the Urgent Motion was adequate and proper under the circumstances and 

that no further or other notice need be given; and after due deliberation and sufficient cause appearing 

therefore, it is hereby ORDERED that: 

1. The Urgent Motion is denied except as set forth herein. 

2. The deadline for the Oversight Board to file a supplemental submission (if any) in 

response to the ERS Supplemental Submission filed August 3, 2018 [Docket No. 3734 in Case No. 

17-bk-3283 and Docket No. 307 in Case No. 17-bk-3566] is August 13, 2018 at 4:00 p.m. (Atlantic 

Standard Time). 

3. The deadline for the ERS Bondholders to submit proposed agreed-upon facts for 

consideration at the final hearing is August 24, 2018 at 4:00 p.m. (Atlantic Standard Time). 

4. The deadline for the Oversight Board to submit responses to the ERS Bondholders’ 

proposed agreed-upon facts is August 31, 2018 at 4:00 p.m. (Atlantic Standard Time). 

5. The deadline for the parties to identify for the Court any agreed-upon or disputed facts 

with respect to the Adequate Protection Motion for consideration at the final hearing September 7, 

2018 at 4:00 p.m. (Atlantic Standard Time). 

6. The final hearing on the Adequate Protection Motion shall be on September 13, 2018 

at 9:30 a.m. (Eastern Standard Time). 

 1

 Capitalized terms used but not otherwise defined herein have the meanings given to them 

in the Urgent Motion. 

Case:17-03283-LTS Doc#:3739-1 Filed:08/03/18 Entered:08/03/18 22:24:46 Desc:

Proposed Order Page 2 of 3
7. The Court shall retain jurisdiction to hear and determine all matters arising from the 

implementation of this order. 

Dated: ________________ 

San Juan, Puerto Rico 

 _______________________________ 

 UNITED STATES DISTRICT JUDGE

Case:17-03283-LTS Doc#:3739-1 Filed:08/03/18 Entered:08/03/18 22:24:46 Desc:

Proposed Order Page 3 of 3