Corporate and Public Finance Representative Matters

Acted as counsel for the underwriters in the public offerings of various series of senior notes of Government Development Bank for Puerto Rico in the aggregate principal amount of $3.6 billion during 2011. The notes are general, unsecured, senior obligations of Government Development Bank, which is the fiscal agent, financial advisor and lender to the Commonwealth of Puerto Rico and its instrumentalities, municipalities, and public corporations.

Acted as counsel for the underwriters in the public offering of $242,430,000 Puerto Rico Public Finance Corporation 2011 Series A Bonds (Commonwealth Appropriation Bonds) which close on August 18, 2011. Puerto Rico Public Finance Corporation is a subsidiary of Government Development Bank for Puerto Rico.

Acted as counsel to Oriental Financial Group Inc. ("OFG") in its $200 million private placement of 200,000 shares of mandatorily convertible non-cumulative non-voting perpetual preferred stock, Series C, which closed on April 30, 2010. OFG is a financial holding company organized under Puerto Rico law and traded on the NYSE.

Acted as counsel to OFG in its $100 million public offering of 8,740,000 shares of common stock, which closed on March 19, 2010.

Acted as counsel to the underwriters in the public offerings of $787,420,000 Puerto Rico Public Buildings Authority, Government Facilities Revenue and Refunding Bonds, which closed during 2009 and 2011. The bonds are guaranteed by the Commonwealth of Puerto Rico. Puerto Rico Public Buildings Authority is a public instrumentality of the Commonwealth of Puerto Rico.

Acted as bond counsel in the public offering of $59,649,744.50 Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority ("AFICA") Industrial Revenue Refunding Bonds, 2011 Series A (Galería Tower at San Patricio Project), which closed on March 30, 2011. AFICA is a Puerto Rico government instrumentality that finances (through the issuance of its revenue bonds) industrial, tourist, educational, medical and environmental control facilities in Puerto Rico for the use of private companies, non-profit companies and government agencies.

Advised Oriental Bank and Trust on its offering of $105 million principal amount of 2.750% senior notes due March 16, 2011. The notes are guaranteed under the FDIC's Temporary Liquidity Guarantee Program.