Puerto Rico Board Selects Legal and Strategic Consultants

The Financial Oversight and Management Board for Puerto Rico has selected Proskauer Rose LLP and O’Neill & Borges LLC as outside legal counsels, while McKinsey & Co. Inc will serve as a strategic consultant, according to a statement.

Proskauer is a global law firm that provides legal services including bankruptcy and reorganization; the team will be led by Ralph C. Ferrara.

O’Neill & Borges is a full service law firm; its team will be led by Hermann Bauer, who has “significant experience in bankruptcy and creditor’s right” and Julio Pietrantoni.

The McKinsey team will be led by “a mix of senior experts” with experience that includes debt restructuring. Among the mix will be Bertil Chappuis, a native Puerto Rican and Senior Partner at McKinsey, and Aaron Bielenberg.

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