The Financial Oversight and Management Board for Puerto Rico announced Sunday the selection of Proskauer Rose LLP as lead outside legal counsel, O’Neill & Borges LLC as outside legal counsel and McKinsey & Company as strategic consultant.
Founded in 1875, Proskauer is a global law firm headquartered in New York City providing a wide variety of legal services to clients in areas including bankruptcy, reorganization, arbitration, litigation and other practice areas. For Proskauer, the engagement will be headed by Ralph C. Ferrara, Esq.
Ferrara’s practice includes a wide range of litigation, business, regulatory and corporate governance matters.
O’Neill & Borges is a full-service law firm established in 1962 in San Juan. Attorneys Hermann Bauer and Julio Pietrantoni will head the engagement.
Bauer is a member in the firm’s Litigation Department, with significant experience in bankruptcy and creditor’s rights. Pietrantoni is part of the firm’s Corporate Department and has taken part in numerous offerings of municipal securities, corporate debt and equity securities in Puerto Rico, the rest of the United States and Latin America.
With consultants in more than 110 locations in more than 60 countries, McKinsey & Company is a global management consulting firm, serving institutions in the private, public and social sectors.
The McKinsey team will be led by a mix of senior experts with deep experiences in Puerto Rico, public sector transformation, debt restructuring, economic development, operational efficiency and infrastructure.
One of the engagement leads is Bertil Chappuis, a native Puerto Rican and senior partner at McKinsey, who has extensive experience advising leading companies, particularly high tech firms, on strategy, organization and operations.
Aaron Bielenberg is among the other members of the McKinsey team.