TCREUR_Public/041230.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

          Thursday, December 30, 2004, Vol. 5, No. 258

                            Headlines

C Y P R U S

CYPRUS AIRWAYS: Needs CYP60 Million to Continue Flying


C Z E C H   R E P U B L I C

ALLIONA: Falls into Liquidation


F R A N C E

MARIONNAUD PARFUMERIES: Ordered to Halve Debt in Six Months


G E R M A N Y

ANTON LUDWIG: Court to Review Claims Third Week of February
C + U: First Creditors Meeting Set April
ELEKTRO GMBH: Augsburg Court Opens Bankruptcy Proceedings
FHMS GMBH: Gives Creditors Until March to File Claims
GLASBAU METZGER: Last Day for Filing of Claims February 18

GOLIM 3 MBH: Provisional Administrator Takes over Helm
HORST HEMPELMANN: Administrator's Report Out February
INFINEON TECHNOLOGIES: Forms Joint Venture with Parlex
MAHRT KOPIER: Court to Verify Claims Last Week of February
SUSANNES: Court Appoints Provisional Administrator
VERMIETUNGS: Creditors Meeting Set Second Week of February


I T A L Y

ALITALIA SPA: Long-term Debt Position Stabilizes
PARMALAT FINANZIARIA: Citigroup Seeks Approval to Sue LatAm Arms


K Y R G Y Z S T A N

AIDAN-PHARMA: Govt Selling 100% Stake for KGS32 Million
KYRGYZKILEM: Public Auction Set January 11
KYRGYZSERVICECONTRACT: Last Day for Filing of Bids January 10
NORTH ZONE: To Hold Public Auction Next Week
PANORAMA: Expects to Raise KGS8 Mln from Sale of Building
TESGUN: Under Bankruptcy Supervision


N O R W A Y

AKER KVAERNER: Acquires Ellayess from Kvaerner


R U S S I A

AMURSK-KAP-STROY: Declared Insolvent
ARZAMAS-STROY-MECHANIZATION: Insolvency Manager Takes over Helm
AVTOMOBILIST: Sverdlovsk Court Opens Bankruptcy Proceedings
DOCK YARD: Appoints Y. Dolin Insolvency Manager
GOR-PISHE-COMBINE: Declared Insolvent

INVESTMENT-FINANCIAL CORPORATION: Under Bankruptcy Supervision
KAMYSHESKIY: Declared Insolvent
MELIORATION: Tatarstan Court Appoints Insolvency Manager
MINE SINEGORSKAYA: Succumbs to Insolvency
SHABALINSKOYE KHPP: Gives Creditors Until January to File Claims
YUKOS OIL: Credit Rating Slips Further to 'D'


S W E D E N

LM ERICSSON: World's Tallest Building to Use Ericsson Technology


U K R A I N E

CONCERN UKRTARA: Under Bankruptcy Supervision
KONOTOPSKIJ PRODPOSTACH: Sumi Court Opens Bankruptcy Proceedings
LISOVE: Declared Insolvent
PETROVSKE: Succumbs to Insolvency
SLOBODA: Files for Bankruptcy


U N I T E D   K I N G D O M

AFFORDABLE LAND: Lord Newbold, Other Execs Banned for 22 Years
BKSOFT LIMITED: Claims Period Ends Third Week of January
BRITISH ENERGY: Applies for Registration as Private Limited Co.
BRITISH ENERGY: Court Awaits Comments to Creditors' Scheme
BRITISH NUCLEAR: Sale May Take Place After General Elections

C & R MAINTENANCE: Names Begbies Traynor Liquidator
CUTTING EDGE: Members Decide to Dissolve Company
EBC CONTRACTS: Director Barred from Occupying Management Post
EDUCATIONAL PRODUCTS: Calls in Liquidator
ENJAY REPROGRAPHICS: Opts for Liquidation

EPMB (UK): Appoints David Exell Associates Liquidator
FAB-TECH GATES: Hires Joint Liquidators from BRI Business
FOULSHAW PROPERTY: Members Final Meeting Set January
HAIR WORKS: Hires Joint Liquidators from Numerica
HAMBALT SERVICES: Liquidator's Final Report Out January 21

HAWKBRIDGE LIMITED: Names Portland Business Liquidator
H & D TRANSPORT: Begbies Traynor Liquidator Enters Firm
HOLISTEK LIMITED: Appoints Liquidator from Pridie Brewster
HOLLY PARK: Files for Liquidation
HOSTDENE LIMITED: Hires Tenon Recovery Liquidators

ICON CERAMICS: Owners Decide to Liquidate Company
LIS CONSTRUCTION: Liquidator from Thorntonrones Moves in
MARLBOROUGH MEDIA: Members Agree to Wind up Business
M & W SALES: Appoints Begbies Traynor Liquidator
NEALES AIRCRAFT: Insolvency Service Banish Director for 4 Years

NEW STAR: Calls Final Meeting of Members
NSEIT ZEROS: Liquidator to Give Final Update Next Month
SLOVENIAN FUND: Deadline for Filing of Claims Next Week


                            *********


===========
C Y P R U S
===========


CYPRUS AIRWAYS: Needs CYP60 Million to Continue Flying
------------------------------------------------------
Cyprus Airways must have around CYP60 million to finance its
short-term and long-term needs, the Financial Mirror says.

Haris Thrasou, minister of Communications and Works, said around
CYP30 million would be used to support the carrier's short-term
necessities while the remaining half would be used to cover the
group's long-term needs.  CAIR needs the approval of the
European Union to avail state-guaranteed loan.  Mr. Thrasou
confirmed the recent deal between CAIR and trade unions will
cost the carrier around CYP20.5 million, which is below the
ministry's original estimate of CYP25 million.

Meanwhile, the ministry will review Hellas Jet's financial
troubles.  Mr. Thrasou did not rule out the possibility of
terminating the operations of the CAIR subsidiary.
This move, however, would further burden CAIR since a winding-up
procedure normally costs CYP10 million to CYP15 million.

CONTACT:  CYPRUS AIRWAYS LIMITED
          21 Alkeou St., P.O. Box 21903
          CY-2404 Engomi, Cyprus
          Phone: +357 22 661 800
          Fax: +357 22 663 167
          Web site: http://www.cyprusairways.com


===========================
C Z E C H   R E P U B L I C
===========================


ALLIONA: Falls into Liquidation
-------------------------------
A regional court has placed Jicin-based diamond-cutting group
Alliona into liquidation, Czech News Agency says.

The court likewise appointed Leos Materna as Alliona's
liquidator.  The group's creditors are given until March 22,
2005 to submit their proofs of claims.

Owned by South African investors, Alliona sought to set up a
CZK500 million diamond-cutting plant in Jicin five years ago.
Mr. Materna said the plant could have employed more than 500
people.


===========
F R A N C E
===========


MARIONNAUD PARFUMERIES: Ordered to Halve Debt in Six Months
-----------------------------------------------------------
Troubled perfume retailer Marionnaud Parfumeries has been given
six months to repay around half of its debts, Les Echos says.

Marrionaud has until June 30, 2005 to repay 47% of its EUR577
million debts and five years to pay up the rest.  The court in
Creteil has appointed two ad hoc administrators to Marionnaud to
manage the group's debt restructuring.  Marionnaud's
administrators are tasked to renegotiate the group's entire
debts with around 40 banks.

Europe's second-largest retailer of perfumes and cosmetics has
hired two external experts to study the restructuring of its
debt.  Marionnaud's shares plunged by 31% last week following
news of errors in the group's 2004 interim accounts.

CONTACT:  MARIONNAUD PARFUMERIES S.A.
          5 Avenue de Paris
          94300 Vincennes
          Phone: +33 (0) 1 48 08 69 69
          Fax: +33 (0) 1 48 08 01 51
          Web site: http://www.marionnaud.com


=============
G E R M A N Y
=============


ANTON LUDWIG: Court to Review Claims Third Week of February
-----------------------------------------------------------
The district court of Cologne opened bankruptcy proceedings
against water/heating installation company Anton Ludwig GmbH on
Dec. 1, 2004.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
Jan. 17, 2005 to register their claims with court-appointed
provisional administrator Dr. Andreas Ringstmeier.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 16, 2005, 9:00 a.m. at the district court of
Koln, Hauptstelle, Luxemburger Strasse 101, 50939 Cologne, at
which time the administrator will present his first report of
the insolvency proceedings.  The court will verify the claims
set out in the administrator's report on Feb. 17, 2005 at the
same venue.

CONTACT:  ANTON LUDWIG GMBH
          Gebruder-Coblenz-Strasse 1,
          50679 Cologne,
          Herbert Schafer and Toni Schafer, Managers

          Dr. Andreas Ringstmeier, Insolvency Manager
          Magnusstr. 13,
          50672 Koln
          Phone: 0221/650 660
          Fax: +49221650661


C + U: First Creditors Meeting Set April
----------------------------------------
The district court of Frankfurt opened bankruptcy proceedings
against C + U Container und Umweltdienst GmbH on Nov. 23, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until March 2, 2005
to register their claims with court-appointed provisional
administrator Manfred Burghardt.

Creditors and other interested parties are encouraged to attend
the meeting on April 13, 2005, 9:30 a.m. at the district court
of Frankfurt, Saal 2, Gebaude F, Klingerstrasse 20, 60313
Frankfurt am Main, at which time the administrator will present
his first report of the insolvency proceedings.  The court will
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  C + U CONTAINER UND UMWELTDIENST GMBH
          Rodheimer Str. 15,
          61118 Bad Vilbel

          Manfred Burghardt, Insolvency Manager
          Theobald-Christ-Strasse 24,
          60316 Frankfurt am Main
          Phone: 069/94414770
          Fax: 069/94414780


ELEKTRO GMBH: Augsburg Court Opens Bankruptcy Proceedings
---------------------------------------------------------
The district court of Augsburg opened bankruptcy proceedings
against Electro Eschenbach GmbH on Nov. 26, 2004.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until Jan. 17, 2005 to
register their claims with court-appointed provisional
administrator Dr. Carlos Mack.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 7, 2005, 9:45 a.m. at the district court of
Augsburg, Justizgebaude, Sitzungssaal 162, Am Alten Einlass 1,
86150 Augsburg, at which time the administrator will present his
first report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  ELEKTRO ESCHENBACH GMBH
          Ledergasse 364,
          86899 Landsberg
          Kurt Eschenbach, Manager

          KANZLEI BRINKMANN & PARTNER
          Dr. Carlos Mack, Insolvency Manager
          Brienner Strasse 21,
          80333 Munchen


FHMS GMBH: Gives Creditors Until March to File Claims
-----------------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against FHMS GmbH on Dec. 3, 2004.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until March 3, 2005 to
register their claims with court-appointed provisional
administrator Joachim Voight.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 25, 2005, 9:25 a.m. at the district court of
Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218 at which time the administrator will present his first
report of the insolvency proceedings.  The court will verify the
claims set out in the administrator's report on May 3, 2005 at
the same venue.

CONTACT:  FHMS GMBH
          Oranienburger Str. 89,
          10178 Berlin

          Joachim Voigt, Insolvency Manager
          Rankestrasse 33,
          10789 Berlin


GLASBAU METZGER: Last Day for Filing of Claims February 18
----------------------------------------------------------
The district court of Frankfurt opened bankruptcy proceedings
against Glasbau Metzger GmbH on Dec. 1, 2004.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Feb. 18, 2005 to register their
claims with court-appointed provisional administrator Dr. Georg
Bernsau.

Creditors and other interested parties are encouraged to attend
the meeting on March 15, 2005, 11:05 a.m. at the district court
of Frankfurt, Saal 2, Gebaude F, Klingerstrasse 20, 60313
Frankfurt am Main, at which time the administrator will present
his first report of the insolvency proceedings.  The court will
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  GLASBAU METZGER GMBH
          Kiesstrasse 38-40,
          60486 Frankfurt am Main
          Dirk Gattschau, Manager

          Dr. Georg Bernsau, Insolvency Manager
          Zeilweg 42,
          D-60439 Frankfurt am Main
          Phone: 069/963761-130
          Fax: 069/963761-145


GOLIM 3 MBH: Provisional Administrator Takes over Helm
------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against GOLIM 3 Grundstucksgesellschaft mbH & Co.KG on Nov. 26,
2005.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until Jan. 12,
2005 to register their claims with court-appointed provisional
administrator Hannelor Kruger-Knief.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 23, 2005, 1:00 p.m. at the district court of
Dresden, Saal D131, Olbrichtplatz 1, 01099 Dresden, at which
time the administrator will present his first report of the
insolvency proceedings.  The court will also verify the claims
set out in the administrator's report during this meeting, while
creditors may constitute a creditors committee and or opt to
appoint a new insolvency manager.

CONTACT:  GOLIM 3 GRUNDSTUCKSGESELLSCHAFT MBH & CO.KG
          Struvestr. 14
          02826 Gorlitz

          Hannelore Kruger-Knief, Insolvency Manager
          Konigstrasse 1,
          01097 Dresden
          Web site: http://www.krueger-knief.de


HORST HEMPELMANN: Administrator's Report Out February
-----------------------------------------------------
The district court of Bielefeld opened bankruptcy proceedings
against Horst Hempelmann GmbH & Co. KG on Dec. 7, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 27, 2005
to register their claims with court-appointed provisional
administrator Stefan Meyer.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 17, 2005, 10:45 a.m. at the district court
of Bielefeld, Gerichtstrasse 6, 33602 Bielefeld, at which time
the administrator will present his first report of the
insolvency proceedings.  The court will also verify the claims
set out in the administrator's report during this meeting, while
creditors may constitute a creditors committee and or opt to
appoint a new insolvency manager.

CONTACT:  HORST HEMPELMANN GMBH & CO. KG
          Junkersstr. 37 - 41,
          32257 Bunde

          Stefan Meyer, Insolvency Manager
          Ostertorstr. 7,
          32312 Lubbecke


INFINEON TECHNOLOGIES: Forms Joint Venture with Parlex
------------------------------------------------------
Parlex Corporation (NASDAQ:PRLX), a world leader in the design
and manufacture of flexible interconnects, and Infineon
Technologies AG (FSE/NYSE:IFX), a world leader in semiconductor
solutions, have agreed to establish a joint venture company to
manufacture and sell advanced technology substrates for secure
mobile electronic identification products. The joint venture
will be headquartered in Hong Kong with manufacturing facilities
in China.

Under the terms of the agreement, Parlex will have a 51% equity
share with Infineon holding the remaining share.  Infineon will
pay Parlex US$3 million and Parlex will contribute equipment and
technology. Parlex Shanghai Circuit Company will also provide
certain additional services, which will be paid for by the joint
venture.  In addition to supplying substrates for the Infineon
"Flip Chip on Substrate (FCOS)" program, the joint venture will
offer its products to customers worldwide.  It is anticipated
that this new entity will be operational in April 2005.

Peter J. Murphy, President and CEO of Parlex commented:
"Combining resources with the recognized market and technology
leader for electronic identification products allows us to
rapidly introduce a variety of new technologies developed
specifically to serve this expanding customer segment.  With
Infineon as our partner, we are increasing our presence in the
smartcard arena while we remain confident that we have the
technology to become the world's leading smartcard substrate
provider."

About Parlex Corporation

Parlex Corporation is a world leader in the design and
manufacture of flexible interconnect products.  Parlex produces
custom flexible circuits and laminated cables utilizing
proprietary processes and patented technologies, which are
designed to satisfy the unique requirements of a wide range of
customers.  Its manufacturing facilities are located in the
United States, China, Mexico and the United Kingdom.  For
further information, please visit Parlex on the Web at
http://www.parlex.com.

About Infineon

Infineon Technologies AG, Munich, Germany, offers semiconductor
and system solutions for the automotive and industrial sectors,
for applications in the wired communications markets, secure
mobile solutions as well as memory products.  With a global
presence, Infineon operates in the U.S. from San Jose, CA, in
the Asia-Pacific region from Singapore and in Japan from Tokyo.
In fiscal year 2004 (ending September), the company achieved
sales of EUR7.19 billion with about 35,600 employees worldwide.
Infineon is listed on the DAX index of the Frankfurt Stock
Exchange and on the New York Stock Exchange (ticker symbol:
IFX).  Further information is available at
http://www.infineon.com.

CONTACT:  INFINEON TECHNOLOGIES AG
          St. Martin Str. 53
          81669 Munich
          Phone: +49-89-234-0
          Fax: +49-89-234-2-84-82
          Web site: http://www.infineon.com

          PARLEX CORPORATION
          1 Parlex Place
          Methuen, MA 01844
          Phone: 978-685-4341
          Fax: 978-685-8809
          Web site: http://www.parlex.com

          Peter J. Murphy
          President & CEO
          Phone: 978-946-2564


MAHRT KOPIER: Court to Verify Claims Last Week of February
----------------------------------------------------------
The district court of Hamburg opened bankruptcy proceedings
against Mahrt Kopier und Service GmbH on Dec. 2, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 28, 2005
to register their claims with court-appointed provisional
administrator Karsten Totter.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 28, 2005, 9:40 a.m. at the district court of
Hamburg, Insolvenzgericht, Weidestrasse 122d, 22083 Hamburg, at
which time the administrator will present his first report of
the insolvency proceedings.  The court will also verify the
claims set out in the administrator's report during this
meeting, while creditors may constitute a creditors committee
and or opt to appoint a new insolvency manager.

CONTACT:  MAHRT KOPIER UND SERVICE GMBH
          Kollaustrasse 105,
          22453 Hamburg

          Friedrich Mahrt, Manager
          Carsten-Meyn-Weg 28,
          22399 Hamburg

          Karsten Totter, Insolvency Manager
          Speersort 4/6,
          20095 Hamburg
          Phone: 303010
          Fax: 30301246


SUSANNES: Court Appoints Provisional Administrator
--------------------------------------------------
The district court of Aurich opened bankruptcy proceedings
against Susannes Salon und Sonnenstudio GmbH on Dec. 1, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 20, 2005
to register their claims with court-appointed provisional
administrator Uwe Kuhmann.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 17, 2005, 9:00 a.m. at the district court of
Aurich, Schlossplatz 2, 26603 Aurich, at which time the
administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  SUSANNES SALON UND SONNENSTUDIO GMBH
          Burgstrasse 11,
          26736 Krummhorn
          Helmuth Friedrich, Manager
          Heinz-Dieter Krageloh, Manager

          Uwe Kuhmann, Insolvency Manager
          Schusselkorb 3,
          D-28195 Bremen
          Phone: 0421/330610
          Fax: 0421/3306110


VERMIETUNGS: Creditors Meeting Set Second Week of February
----------------------------------------------------------
The district court of Leipzig opened bankruptcy proceedings
against rental services company Vermietungs- und
Dienstleistungsgesellschaft Breitenfeld mbH on Dec. 6, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 19, 2005
to register their claims with court-appointed provisional
administrator Dr. Onno Klopp.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 9, 2005, 10:45 a.m. at the district court of
Leipzig, at which time the administrator will present his first
report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  VERMIETUNGS- UND DIENSTLEISTUNGSGESELLSCHAFT MBH
          Bjorneborgstrasse 15,
          04158 Leipzig
          Detlef Carl, Manager

          Dr. Onno Klopp, Insolvency Manager
          Rudolph-Sack-Strasse 9,
          04229 Leipzig


=========
I T A L Y
=========


ALITALIA SPA: Long-term Debt Position Stabilizes
------------------------------------------------
Alitalia's medium to long-term debt profile improved slightly in
November, reports Reuters.

At the end of November, the carrier's medium- and long-term debt
dropped to EUR1.541 billion (US$2.10 billion) from EUR1.567
billion (US$2.13 billion) in October.  Short-term debt, however,
rose to EUR117 million (US$159.2 million) from EUR116 million
during that span.  Overall, the airline's net financial position
fell by EUR25 million (US$34 million) to EUR1.658 billion
(US$2.26 billion) in November.

An unnamed analyst based in Milan, who talked to Reuters,
believes a "stable" debt profile means nothing if the European
Commission does not clear Alitalia's restructuring plan.

"What we're waiting for now is to see about the planned
privatization, and that depends on what is decided in Brussels,"
the analyst said.

CONTACT:  ALITALIA S.p.A
          Viale A. Marchetti 111
          00148 Rome, Italy
          Phone: +39 06 6562 2151
          Fax: +39 06 6562 4733
          Web site: http://www.alitalia.it


PARMALAT FINANZIARIA: Citigroup Seeks Approval to Sue LatAm Arms
----------------------------------------------------------------
U.S. bank Citigroup Inc. has asked bankruptcy judge Robert Drain
for permission to sue Parmalat Finanziaria's Latin American
units over defaulted loans, Reuters says.

Citigroup claims that Parmalat Del Ecuador S.A. and Parmalat
Paraguay S.A. have defaulted loans worth US$6.05 million and
US$4.8 million respectively.  In a motion, the world's largest
financial services group told Judge Drain it intends to recover
the amount through lawsuits in the units' respective locations.
The financial group is seeking relief from a July 2 preliminary
injunction, which it said blocks such lawsuits.  Citigroup
argued the injunction was not intended to protect operating
Parmalat subsidiaries that are not covered by any insolvency
proceeding.

The injunction prevents Parmalat's creditors, including
Citibank, from suing the group's subsidiaries and entities.
Parmalat's government-appointed administrator, Enrico Bondi,
filed for the injunction in June, six months after the dairy
giant filed for insolvency in Italy and four months after its
U.S. units filed for Chapter 11 bankruptcy protection.

Madlyn Gleich Primoff, a partner at Clifford Chance U.S. LLP,
said in the motion, "Absent the preliminary injunction, Citibank
would not be barred under Italian law or otherwise from
commencing proceedings.

"The preliminary injunction, as currently in effect, thus
provides the foreign debtors with more relief with respect to
Parmalat Paraguay and Parmalat Ecuador than they are entitled to
under Italian law."

Citibank added it was "unfairly prejudiced" by the broad scope
of the injunction, which it claims "flies in the face" of U.S.
bankruptcy law.  The court will hear the motion on January 27,
2005, 10:00 a.m. in New York.

Mr. Bondi has sued a number of financial institutions, including
Citigroup and Bank of America for allegedly abetting Parmalat's
collapse in December 2003.  The banks, however, claim they too
were victims of fraud.  Parmalat has also included auditors
Deloitte & Touche and Grant Thornton in the lawsuit.  Mr. Bondi
has been trying to recover Parmalat's money before launching a
debt-for-equity swap, which would pave way for the group's
relaunch.

CONTACT:  PARMALAT FINANZIARIA S.p.A.
          Legal Seat
          43044 Collecchio (Pr)
          Via Oreste Grassi, 26

          Administrative Seat
          20122 Milan
          Piazza Erculea, 9
          Phone: +39 02 806 8801
          Fax: +39 02 869 3863
          Web site: http://www.parmalat.net


===================
K Y R G Y Z S T A N
===================


AIDAN-PHARMA: Govt Selling 100% Stake for KGS32 Million
-------------------------------------------------------
The State Property Fund at the Property Management State
Committee of Kyrgyz Republic will sell the government's 100%
stake in JSC Aidan-Pharma on January 26, 2005 10:00 a.m. at
Bishkek, Moskovskaya Str. 151.  The firm is located at Bishkek,
East Industrial Zone, Oktabrskaya Str. 250.  Starting price is
KGS32,231,000.

Profile of JSC Aidan-Pharma:

(a) Field of activity: pharmaceutics

(b) Land area: 4.37 hectares

(c) Capital: KGS49,512,500

(d) Losses (2003): KGS15,573,600

(e) Staff: 70

(f) Unpaid bank loans: KGS2,101,900

(g) State loans: KGS169,196,700

(h) Assets: KGS234,287,400

Bidding conditions:

(a) Larger price proposal;

(b) Completion of construction;

(c) Clearing of Aidan-Pharma's liabilities; and

(d) Business plan for manufacturing and social development.

Participants must submit all necessary documents on or before
January 25, 2005, 5:00 p.m. to Bishkek, Moskovskaya Str. 151.
The buyer should pay a commission equivalent to 7% of the final
price.  For more information, call (0-312) 61-10-08 or 21-66-97.


KYRGYZKILEM: Public Auction Set January 11
------------------------------------------
The bidding organizer and insolvency manager of OJSC Kyrgyzkilem
will sell its properties on January 11, 2005, 10:00 a.m. at Chui
region, Kara-Balta, Toliati Str. 2.  For sale are 20 lots of
weaving equipment, office equipment, technical equipment,
weaving workshops, interior and high-wear spare parts.

To participate, bidders must deposit an amount equivalent to 10%
of the starting price to the cashier of OJSC Kyrgyzkilem.
Participants have until January 10, 2005 to submit bidding
documents to the temporary insolvency manager.  For more
information, call (0-502) 57-85-50 or 35-23-35.


KYRGYZSERVICECONTRACT: Last Day for Filing of Bids January 10
-------------------------------------------------------------
The bidding organizer and insolvency manager of JSC
Kyrgyzservicecontract will sell its properties on January 11,
2005, 10:00 a.m.  The public auction will take place at Bishkek,
L. Tolstogo Str. 210.  For sale are three lots of buildings and
shops.

To participate, bidders must deposit an amount equivalent to 10%
of the starting price to the cashier of JSC
Kyrgyzservicecontract.  Participants have until January 10, 2005
to submit bidding documents to the temporary insolvency manager.
For more information, call (0-312) 64-82-51.


NORTH ZONE: To Hold Public Auction Next Week
--------------------------------------------
The bidding organizer and insolvency manager of Direction for
Technical Development of the Customs Infrastructure by North
Zone is selling its properties on January 6, 2005, 11:00 a.m.
The public auction will take place at Bishkek, Ahunbaev Str.
119-a, Room 441.  For sale are seven lots of machines,
warehouses and mills.  The starting price ranges from KGS27,000
to KGS118,000

To participate, bidders must deposit an amount equivalent to 20%
of the starting price to the company cashier.  Participants have
until January 5, 2005 to submit bidding documents to the
temporary insolvency manager. For more information, call (0-312)
42-85-66.


PANORAMA: Expects to Raise KGS8 Mln from Sale of Building
---------------------------------------------------------
The subdivision service officer of the Pervomaisk Regional Court
set the public auction of LLC Panorama's properties on January
4, 2005 at 9:00 a.m. at Bishkek, Frunze Str. 368.  For sale is a
two-story building occupying a total area of 749.9 sq. m.
Starting price is KGS8,647,770.6.

CONTACT:  Mr. B. Jakybaliev
          Phone: (0-312) 66-02-42


TESGUN: Under Bankruptcy Supervision
------------------------------------
The Bishkek Inter District Court commenced bankruptcy
supervision procedure on LLC TESGUN on November 25, 2004.  The
case is docketed as 03-601/m-04c5.  Mr. Zamirbek Toksonaliev
(License Number 0335) has been appointed temporary insolvency
manager since December 15, 2004.

Creditors will meet on January 21, 2005, 10:00 a.m.  Creditors
must submit their proofs of claim and register with the
temporary insolvency manager seven days prior to the meeting.
Proxies must have authorization to vote.

CONTACT:  Mr. Zamirbek Toksonaliev
        Phone: (0-312) 62-06-41


===========
N O R W A Y
===========


AKER KVAERNER: Acquires Ellayess from Kvaerner
----------------------------------------------
Ellayess, one of the world's largest specialized recruitment
agencies will be sold from Kvaerner to Aker Kvaerner.  Providing
high quality engineering professionals on temporary and project
assignments, Ellayess will add valuable flexibility to Aker
Kvaerner and allow the group to adjust its cost base more easily
and quickly when markets change.

As part of Kvaerner and under Kvaerner management, Ellayess has
grown to become a leading provider of contract personnel to a
wide range of industries.  The merger of Kvaerner's Lawrence
Allison and the former Aker Maritime's Aker International
Resource groups in 2003 was an important milestone in its
restructuring.

Operating from ten recruitment centres around the world,
Ellayess has around one hundred thousand engineering
professionals in its files.  The company's operating revenues in
the first nine months this year was NOK827 million. Earnings
before interest, tax and amortization (EBITA) were NOK23 million
in that same period.  EBITA for 2003 and 2002 was NOK20 and
NOK19 million respectively.

For Aker Kvaerner reduction of fixed costs is a key priority.
Access to temporary personnel with the right competencies at the
right time is important to meet this objective.  The purchase of
the Ellayess group fits in well with this strategy.  This year,
Aker Kvaerner hires around one thousand specialists from
Ellayess, up from around 700 on average last year.

The sale of the Ellayess group to Aker Kvaerner is entirely in
line with Kvaerner's declared strategy.  The Ellayess group has
been restructured and streamlined, and values have been created
and unlocked for Kvaerner shareholders.

In the transaction, the agreed enterprise value of Ellayess is
NOK284 million.  The transaction is settled with effect from 31
December 2004 as part of the post-restructuring pro and contra
agreement between Kvaerner and Aker Kvaerner.  In accounting
terms, the transaction will leave Kvaerner with an estimated
gain of NOK112 million in the group accounts for the fourth
quarter 2004.  A small part of the Ellayess group operating in
the United States will not be part of the agreement.

Pro forma historical financial details about the companies in
the transaction as well as for Kvaerner after the transaction
are currently being prepared and will be made available by
Kvaerner to the financial markets early in 2005.

AKER KVAERNER ASA, through its subsidiaries and affiliates, is a
leading global provider of engineering and construction
services, technology products and integrated solutions. The
business within Aker Kvaerner span a number of industries,
including Oil & Gas production, Refining & Chemicals, Mining &
Metals, Pharmaceuticals & Biotechnology, Power Generation and
Pulp & Paper.  Aker Kvaerner has aggregated annual revenues of
approximately US$4.5 billion and employs around 21,000 employees
in more than 30 countries.  The Aker Kvaerner group consists of
a number of separate legal entities.  Aker Kvaerner is used as
the common brand/trademark for most of these entities.  The
parent company in the group is Aker Kvaerner ASA.

CONTACT:  AKER KVAERNER ASA
          Torbjorn S. Andersen
          Senior Vice President, Group Communications
          Phone: +47 67 51 30 36
          Mobile: +47 928 85 542


===========
R U S S I A
===========


AMURSK-KAP-STROY: Declared Insolvent
------------------------------------
The Arbitration Court of Khabarovsk region commenced bankruptcy
proceedings against Amursk-Kap-Stroy after finding the close
joint stock company insolvent.  The case is docketed as A73-
2504/2004-36.  Mr. A. Lishay has been appointed insolvency
manager.  Creditors may submit their proofs of claim to 680023,
Russia, Khabarovsk-23, Post User Box 101/5.

CONTACT:  AMURSK-KAP-STROY
          682940, Russia, Khabarovsk region,
          Amursk, Mira Pr. 21

          Mr. A. Lishay
          Insolvency Manager
          680023, Russia, Khabarovsk-23,
          Post User Box 101/5


ARZAMAS-STROY-MECHANIZATION: Insolvency Manager Takes over Helm
---------------------------------------------------------------
The Arbitration Court of Nizhniy Novgorod region commenced
bankruptcy proceedings against Arzamas-Stroy-Mechanization after
finding the open joint stock company insolvent.  The case is
docketed as A43-6768/04-33-148.  Ms. Y. Gerasimova has been
appointed insolvency manager.  Creditors may submit their proofs
of claim to 603155, Russia, Nizhniy Novgorod, Trudovaya Str., 8-
37.

CONTACT:  ARZAMAS-STROY-MECHANIZATION
          Russia, Nizhniy Novgorod region,
          Arzamas, Kalinina Str. 60

          Ms. Y. Gerasimova
          Insolvency Manager
          603155, Russia, Nizhniy Novgorod,
          Trudovaya Str. 8-37


AVTOMOBILIST: Sverdlovsk Court Opens Bankruptcy Proceedings
-----------------------------------------------------------
The Arbitration Court of Sverdlovsk region commenced bankruptcy
proceedings against Avtomobilist after finding the close joint
stock company insolvent.  The case is docketed as A60-26329/04-
S2.  Mr. S. Semenov has been appointed insolvency manager.
Creditors may submit their proofs of claim to 620062, Russia,
Ekaterinburg, Post User Box 185.

CONTACT:  AVTOMOBILIST
          Russia, Sverdlovsk region, Talitsa,
          Kosmonavtov Str. 2g

          Mr. S. Semenov
          Insolvency Manager
          620062, Russia, Ekaterinburg,
          Post User Box 185


DOCK YARD: Appoints Y. Dolin Insolvency Manager
-----------------------------------------------
The Arbitration Court of Sakhalin region commenced bankruptcy
proceedings against Dock Yard Service (TIN 6504040941) after
finding the open joint stock company insolvent.  The case is
docketed as A59-2142/02-S9.  Mr. Y. Dolin has been appointed
insolvency manager.  Creditors may submit their proofs of claim
to 693000, Russia, Yuzhno-Sakhalinsk, Khabarovskaya Str. 17,
Office 15.

CONTACT:  DOCK YARD SERVICE
          694000, Russia, Sakhalin region,
          Korsakov, Reydovyj Per. 14

          Mr. Y. Dolin
          Insolvency Manager
          693000, Russia, Yuzhno-Sakhalinsk,
          Khabarovskaya Str. 17, Office 15


GOR-PISHE-COMBINE: Declared Insolvent
-------------------------------------
The Arbitration Court of Tatarstan republic commenced bankruptcy
proceedings against Gor-Pishe-Combine after finding the open
joint stock company insolvent.  The case is docketed as A65-
7829/2004-SG4-21.  Mr. Sh. Khaertdiov has been appointed
insolvency manager.  Creditors have until Jan. 26, 2005 to
submit their proofs of claim to 420049, Russia, Tatarstan
republic, Kazan, Post User Box 8.

CONTACT:  GOR-PISHE-COMBINE
          Russia, Tatarstan republic,
          Nab. Chelny, Promkomzona, 2a

          Mr. Sh. Khaertdiov
          Insolvency Manager
          420049, Russia, Tatarstan republic,
          Kazan, Post User Box 8


INVESTMENT-FINANCIAL CORPORATION: Under Bankruptcy Supervision
--------------------------------------------------------------
The Arbitration Court of Tatarstan republic has commenced
bankruptcy supervision procedure on close joint stock company
Investment-Financial Corporation of Tatarstan Republic.  The
case is docketed as A65-10619/2004-SG4-35.  Mr. G. Okriashvili
has been appointed temporary insolvency manager.

Creditors have until Jan. 26, 2005 to submit their proofs of
claim to 420061, Russia, Tatarstan republic, Kazan, Post User
Box 39.  A hearing will take place on April 25, 2005, 1:00 a.m.

CONTACT:  INVESTMENT-FINANCIAL CORPORATION
          OF TATARSTAN REPUBLIC
          Russia, Tatarstan republic, Kazan

          Mr. G. Okriashvili
          Temporary Insolvency Manager
          420061, Russia, Tatarstan republic,
          Kazan, Post User Box 39


KAMYSHESKIY: Declared Insolvent
-------------------------------
The Arbitration Court of Volgograd region commenced bankruptcy
proceedings against Kamysheskiy (TIN 3410000169, KPP 341001001)
after finding the tinned food factory insolvent.  The case is
docketed as A12-2282/04-s58.  Mr. S. Sadykov has been appointed
insolvency manager.  Creditors may submit their proofs of claim
to 400112, Russia, Volgograd, Ostravskaya Str. 18-26.

CONTACT:  KAMYSHESKIY
          Russia, Volgograd region, Kamyshin,
          Khvalynskaya Str. 17

          Mr. S. Sadykov
          Insolvency Manager
          400112, Russia, Volgograd,
          Ostravskaya Str. 18-26


MELIORATION: Tatarstan Court Appoints Insolvency Manager
--------------------------------------------------------
The Arbitration Court of Tatarstan republic commenced bankruptcy
proceedings against Melioration after finding the company
insolvent.  The case is docketed as A65-7729/2004-SG4-21.  Mr.
R. Ibragimov has been appointed insolvency manager.  Creditors
have until Jan. 26, 2005 to submit their proofs of claim to
422540, Russia, Tatarstan republic, Zalenodolsk, Frunze Str. 9.

CONTACT:  MELIORATION
          422270, Russia, Tatarstan republic,
          Pestrechenskiy region, Pestretsy, Osipova Str. 60

          Mr. R. Ibragimov
          Insolvency Manager
          422540, Russia, Tatarstan republic,
          Zalenodolsk, Frunze Str. 9


MINE SINEGORSKAYA: Succumbs to Insolvency
-----------------------------------------
The Arbitration Court of Sakhalin region commenced bankruptcy
proceedings against Mine Sinegorskaya (TIN 650194770) after
finding the limited liability company insolvent.  The case is
docketed as A59-1494/03-S9.  Mr. Y. Dolin has been appointed
insolvency manager.

Creditors may submit their proofs of claim to:

(a) Mine Sinegorskaya
    Russia, Sakhalin region, Yuzhno-Sakhalinsk,
    Sinegorsk, Kommunisticheskaya Str. 16

(b) Insolvency Manager
    693000, Russia, Yuzhno-Sakhalinsk,
    Khabarovskaya Str. 17, Office 15


SHABALINSKOYE KHPP: Gives Creditors Until January to File Claims
----------------------------------------------------------------
The Arbitration Court of Kirov region commenced bankruptcy
proceedings against Shabalinskoye Khpp after finding the bread
receiving company insolvent.  The case is docketed as A28-86/04-
47/20.  Mr. A. Gribanov has been appointed insolvency manager.
Creditors have until Jan. 26, 2005 to submit their proofs of
claim to 610014, Russia, Kirov, Potrebkooperatsii Str. 6.

CONTACT:  SHABALINSKOYE KHPP
          Russia, Kirov region,
          Shabalinskiy region

          Mr. A. Gribanov
          Insolvency Manager
          610014, Russia, Kirov,
          Potrebkooperatsii Str. 6


YUKOS OIL: Credit Rating Slips Further to 'D'
---------------------------------------------
Standard & Poor's Ratings Services lowered its long-term
corporate credit and senior secured bank loan ratings on Russian
oil company OAO NK Yukos to 'D' from 'CC'.  At the same time,
the ratings were removed from CreditWatch, where they had been
place on Oct. 31, 2003.

"The downgrade reflects Yukos' default on its Dec. 27, 2004,
interest payment, said Standard & Poor's credit analyst Elena
Anankina.

The missed payment follows the company's bankruptcy filing in
the U.S. and a decision by a U.S. court to impose a temporary
restraining order to prevent the auction of Yuganskneftegas,
Yukos' core operating subsidiary.

Although events of default had been announced previously on both
Yukos' US$1 billion syndicated bank facility and its US$1.6
billion loan from core shareholders, the default notices had
merely enabled the company's creditors to enforce the security
package.

"Until recently, Yukos had continued payments on its debt. The
missed interest payment on Dec. 27, 2004, however, constitutes a
default under Standard & Poor's criteria," explained Ms.
Anankina.

Standard & Poor's will continue to analyze any potential
implications of the Yukos affair for the Russian corporate
sector.

Ratings information is available to subscribers of
RatingsDirect, Standard & Poor's Web-based credit analysis
system, at http://www.ratingsdirect.com. It can also be found
on Standard & Poor's public Web site at
http://www.standardandpoors.com. Alternatively, call one of the
following Standard & Poor's numbers: London Ratings Desk (44)
20-7176-7400; London Press Office Hotline (44) 20-7176-3605;
Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225; Stockholm
(46) 8-440-5916; or Moscow (7) 095-783-4017.  Members of the
media may also contact the European Press Office via e-mail on
media_europe@standardandpoors.com.

CONTACT:  STANDARD AND POOR'S RATING SERVICES
          Group E-mail Addresses
          CorporateFinanceEurope@standardandpoors.com


===========
S W E D E N
===========


LM ERICSSON: World's Tallest Building to Use Ericsson Technology
----------------------------------------------------------------
Ericsson has been selected by Chunghwa Telecom to provide indoor
coverage to the world's tallest building, Taipei 101.
Ericsson's in-building solutions will enable Taipei 101 visitors
to enjoy high-quality, seamless coverage, across 2G and 3G
networks for both GSM/WCDMA and CDMA.

The world's tallest building, Taipei Financial Center, also
called Taipei 101, will be inaugurated at the end of December.
This new architectural landmark not only breaks the record of
height, but also sets the standard of communications quality in
skyscrapers.

At 106 floors, reaching 508 meters, the skyscraper contains one
of the world's most comprehensive in-building solution system
ever built.  The system incorporates different network
technologies on different frequency bands, including GSM900,
GSM1800, CDMA800, CDMA2000 and WCDMA in a common antenna system.
State-of-the-art technology is deployed to ensure seamless
coverage in the world's fastest elevators, traveling at a speed
up to 1,000 meters per minute.

Clear vision and planning by Chunghwa Telecom right from the
beginning, intensive working with construction partners, and
Ericsson's leading in-building solutions and rich rollout
experience are all contributing to the success of the project.
It is clearly that Taipei 101 has set a new standard for
communications quality in skyscrapers.

"We are thrilled to partner with Chunghwa Telecom and to provide
Ericsson's world leading in-building solutions for the
prestigious project of Taipei 101," said Mats Bosrup, President
of Ericsson Taiwan. "We are very proud to facilitate the
building with seamless and high-quality in-building
communications capabilities. Taipei 101 is a landmark for Taiwan
and also a landmark for wireless in building solutions."

Ericsson provides a complete range of global leading in-building
communications solutions, with end-to-end solution design,
deployment and integration services. Ericsson has deployed more
than 7,000 in-building solutions in office buildings, airports,
shopping complexes, grand theaters and high-rise buildings
worldwide.

Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership.
Providing innovative solutions in more than 140 countries,
Ericsson is helping to create the most powerful communication
companies in the world.

CONTACT:  LM ERICSSON
          Peter Olofsson
          Ericsson Group Function Communications
          Phone: +46 702673445, +46 8 7191880
          E-mail: press.relations@ericsson.com
          Web site: http://www.ericsson.com


=============
U K R A I N E
=============


CONCERN UKRTARA: Under Bankruptcy Supervision
---------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
supervision procedure on Ukrainian State Production-Commercial
Enterprise Concern Ukrtara (code EDRPOU 21539080) on November
12, 2004.  The case is docketed as 23/487-46/678-b.  Mr. German
Astanin (License Number AA 782331) has been appointed temporary
insolvency manager.  The company holds account number
26007049201 at JSC Industrial-Financial Bank, Kyiv region
branch, MFO 320906.

Creditors may submit their proofs of claim to:

(a) Mr. German Astanin
    Temporary Insolvency Manager
    Ukraine, Kyiv region,
    Klovskij Uzviz Str. 12/52

(b) ECONOMIC COURT OF KYIV REGION
    01030, Ukraine, Kyiv region,
    B. Hmelnitskij Boulevard, 44-B


KONOTOPSKIJ PRODPOSTACH: Sumi Court Opens Bankruptcy Proceedings
----------------------------------------------------------------
The Economic Court of Sumi region commenced bankruptcy
proceedings against Konotopskij Prodpostach on August 17, 2004
after finding the limited liability company insolvent.

Creditors may submit their proofs of claim to:

(a) KONOTOPSKIJ PRODPOSTACH
    Ukraine, Sumi region,
    Konotop, Sumska Str. 12

(b) Liquidator
    41800, Sumi region,
    Bilopillya, K. Libkneht Str. 43

(c) ECONOMIC COURT OF SUMI REGION
    Ukraine, Sumi region,
    Ribalko Str. 2


LISOVE: Declared Insolvent
--------------------------
The Economic Court of Sumi region has commenced bankruptcy
proceedings against Lisove after finding the limited liability
company insolvent.

Creditors may submit their proofs of claim to:

(a) LISOVE
    Ukraine, Sumi region,
    Gluhiv district, Ivashenkove

(b) Liquidator
    41800, Sumi region,
    Bilopillya, K. Libkneht Str. 43

(c) ECONOMIC COURT OF SUMI REGION
    Ukraine, Sumi region,
    Ribalko Str. 2


PETROVSKE: Succumbs to Insolvency
---------------------------------
The Economic Court of Sumi region has commenced bankruptcy
proceedings against Petrovskeon after finding the limited
liability company insolvent.

Creditors may submit their proofs of claim to:

(a) PETROVSVE
    Ukraine, Sumi region,
    Gluhiv district, Ivashenkove

(b) Liquidator
    41800, Sumi region,
    Bilopillya, K. Libkneht Str. 43

(c) ECONOMIC COURT OF SUMI REGION
    Ukraine, Sumi region,
    Ribalko Str. 2


SLOBODA: Files for Bankruptcy
-----------------------------
The Economic Court of Sumi region commenced bankruptcy
proceedings against Sloboda on August 31, 2004 after finding the
limited liability company insolvent.

Creditors may submit their proofs of claim to:

(a) SLOBODA
    Ukraine, Sumi region,
    Bilopilskij district, Tuchne,
    Centralna Str. 1

(b) Liquidator
    41800, Sumi region,
    Bilopillya, K. Libkneht Str. 43

(c) ECONOMIC COURT OF SUMI REGION
    Ukraine, Sumi region,
    Ribalko Str. 2


===========================
U N I T E D   K I N G D O M
===========================


AFFORDABLE LAND: Lord Newbold, Other Execs Banned for 22 Years
--------------------------------------------------------------
The directors of two travel businesses that failed with total
debts estimated at around GBP1.6 million have given Undertakings
not to hold directorships or take any part in company management
for a total of 22 years.

The Undertakings by Edward James Newbold, also known as Lord
Newbold of Taunton (E. Newbold), 29, of Newton Road, Torquay and
by David Robert Newbold (D. Newbold), 64, of Loose Road,
Maidstone, Kent were given Undertakings in respect of their
conduct as directors of Affordable Land Limited (Land) and
Affordable Travel Limited (Travel) which carried out business
from premises at Romney Court, Romney Place, Maidstone, Kent,
ME15 6LG and Colman Parade, King Street, Maidstone, Kent, ME14
1DJ.

Donald Joseph Troeger (D. Troeger), 39, of Ashborne Close,
Kennington, Ashford, Kent also accepted an Undertaking in
respect of his conduct as director of Affordable Land Limited.

Acceptance of Undertakings on December 17, 2004 prevents E.
Newbold from being a director of a company or, in any way,
whether directly or indirectly, being concerned or taking part
in the promotion, formation or management of a company for 11
years and D. Troeger for seven and a half years.  Acceptance of
an Undertaking on November 26, 2004 bars D. Newbold for three
and a half years.

Land was placed into voluntary liquidation on April 17, 2003
with estimated debts of GBP456,000 owed to creditors.  Travel
was placed into voluntary liquidation on 16 April 2003 with
estimated debts of GBP1.2M owed to creditors.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.

The matters of unfit conduct, not disputed by E. Newbold and D.
Newbold regarding Land was that they caused and allowed the
company to falsely represent that monies paid to it would be
protected in a Client Trust account and/or failed to ensure that
customers' monies were paid into a Trust account in accordance
with Land's promotional literature and terms and conditions.

Matters of unfit conduct, not disputed by E. Newbold and D.
Newbold regarding Travel were that:

(a) while insolvent, they caused, or allowed transactions to
    take place that were not in the company's or its creditors'
    best interests.  These transactions were for a Christmas
    party and Aircraft charter that cost a total of GBP51,866;

(b) they sold assets without disclosing finance attached to them
    and/or without the approval of those lenders. Barclays Asset
    Finance state they were owed GBP34,445 in respect of sundry
    assets owned by them, some of which were sold shortly before
    Travel went into liquidation; and

(c) failed to maintain loans as required by ABTA.

The matter of unfit conduct, not disputed by D. Troeger,
regarding Land was that he failed to ensure that customers'
monies were paid into a Trust account in accordance with Land's
promotional literature and terms and conditions.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


BKSOFT LIMITED: Claims Period Ends Third Week of January
--------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

                 IN THE MATTER OF BKSoft Limited
                   (In Voluntary Liquidation)

Notice is hereby given that at an Extraordinary General Meeting
of the Members of BKSoft Limited held on December 17, 2004 these
special resolution were unanimously adopted:

(a) That BKSoft Limited be placed into liquidation; and

(b) That Mrs. M. K. Bennetts of Nerine House, St George's Place,
    St. Peter Port, Guernsey be appointed as Liquidator.

All persons having claims against the Company are required to
submit details thereof to the Liquidator before the January 17,
2005 and all persons indebted to the company are required to
settle with the Liquidator by the same date.

CONTACT:  M. K. BENNETTS, Liquidator
          Nerine House
          St. George's Place
          St. Peter Port
          Guernsey


BRITISH ENERGY: Applies for Registration as Private Limited Co.
---------------------------------------------------------------
In a petition presented to the Court of Session at the instance
of British Energy Plc, a company incorporated under the
Companies Acts and having its registered office at 3 Redwood
Crescent, Peel Park, East Kilbride for sanction of scheme of
arrangement (Members' Scheme) dated November 29, 2004, under
section 425 of the Companies Act 1985 between the Company and
holders of Scheme Shares, as defined in the Members' Scheme,
confirmation of reductions of capital and re-registration of the
Company as a private limited company, the following Interlocutor
was pronounced by Lord Reed on December 23, 2004:

"The Vacation Judge having considered the petition and reports
lodged, appoints the Petitioner to give notice of the dependence
of the Petition by advertisement once in the Edinburgh Gazette
and once in each of the Scotsman, the Financial Times (U.K. and
International Editions) and the New York Times newspapers;
appoints all parties claiming an interest to lodge Answers to
the petition, if so advised, within 14 days of such
advertisement."

Of which intimation is hereby given.

Any person claiming an interest may lodge answers to the
Petition at the Office of Court, Court of Session, 2 Parliament
Square, Edinburgh EH1 1RQ, Scotland not later than January 11,
2005.

CONTACT:  BRITISH ENERGY PLC
          3 Redwood Crescent
          Peel Park
          East Kilbride
          G74 5PR
          Phone: +44 (0) 1355 262 000
          Web site: http://www.british-energy.com

          MACROBERTS SOLICITORS
          Excel House
          30 Semple Street
          Edinburgh EH3 8BL


BRITISH ENERGY: Court Awaits Comments to Creditors' Scheme
----------------------------------------------------------
In a petition presented to the Court of Session at the instance
of British Energy Plc, a company incorporated under the
Companies Acts and having its registered office at 3 Redwood
Crescent, Peel Park, East Kilbride for sanction of scheme of
arrangement (Creditors' Scheme) dated November 29, 2004, under
section 425 of the Companies Act 1985 between the Company and
Scheme Creditors, as defined in the Creditors' Scheme, the
following Interlocutor was pronounced by Lord Reed on December
23, 2004:

"The Vacation Judge having considered the petition and reports
lodged, appoints the Petitioner to give notice of the dependence
of the Petition by advertisement once in the Edinburgh Gazette
and once in each of the Scotsman, the Financial Times (U.K. and
International Editions) and the New York Times newspapers;
appoints all parties claiming an interest to lodge Answers to
the petition, if so advised, within 14 days of such
advertisement."

Of which intimation is hereby given.

Any person claiming an interest may lodge answers to the
Petition at the Office of Court, Court of Session, 2 Parliament
Square, Edinburgh EH1 1RQ, Scotland not later than January 11,
2005.

CONTACT:  BRITISH ENERGY PLC
          3 Redwood Crescent
          Peel Park
          East Kilbride
          G74 5PR
          Phone: +44 (0) 1355 262 000
          Web site: http://www.british-energy.com

          MACROBERTS SOLICITORS
          Excel House
          30 Semple Street
          Edinburgh EH3 8BL


BRITISH NUCLEAR: Sale May Take Place After General Elections
------------------------------------------------------------
British Nuclear Fuels Ltd. could be sold or broken up after the
next general election, The Telegraph reported early this week.

Citing unnamed sources, the paper said the Department of Trade &
Industry has already drawn up a range of options, which include
selling the company in whole or in part.  One attractive piece
is Westinghouse, a profitable U.S. subsidiary.

Selling the company has become easier now that some of its units
will be transferred to the new state-financed Nuclear
Decommissioning Authority.  Included in this transfer is the
controversial Sellafield nuclear power complex, and 10 other
small Magnox power stations.

"The move takes billions of pounds of liabilities off BNFL's
balance sheet, making the business much more attractive to
potential buyers," said The Telegraph, which identified Amec,
U.S. group Halliburton and French nuclear group Areva as
possible bidders.

Sellafield is where the company processes spent nuclear fuel.
It has been the subject of much controversy because of
accidental discharges and alleged deliberate discharges of
radioactive material into the Irish Sea, according to
http://en.wikipendia.org.

Barring a change in the law, the next general election in the
United Kingdom must be held some time before June 30, 2006.

CONTACT:  BRITISH NUCLEAR FUELS PLC
          1100 Daresbury Park
          Warrington
          WA4 4GB, United Kingdom
          Phone: +44-1925-832-000
          Fax: +44-1925-822-711
          Web site: http://www.bnfl.com

          WESTINGHOUSE ELECTRIC COMPANY LLC
          4350 Northern Pike
          Monroeville, PA 15146-2886 (Map)
          Phone: 412-374-4111
          Fax: 412-374-3272
          Web site: http://www.westinghousenuclear.com

          DEPARTMENT OF TRADE AND INDUSTRY
          1 Victoria Street
          London SW1H OET
          E-mail: dti.enquiries@dti.gsi.gov.uk
          Web site: http://www.dti.gov.uk


C & R MAINTENANCE: Names Begbies Traynor Liquidator
---------------------------------------------------
At the extraordinary general meeting of the members of C & R
Maintenance Limited on Dec. 8, 2004 held at Regus, 68 Lombard
Street, London EC3V 9LJ, the extraordinary and ordinary
resolutions to wind up the company were passed.  Vivian Murray
Bairstow and Paul Michael Davis of Begbies Traynor (South) LLP,
32 Cornhill, London EC3V 3BT have been appointed joint
liquidators of the company.

CONTACT:  BEGBIES TRAYNOR (SOUTH) LLP
          32 Cornhill, London EC3V 3BT
          Phone: 020 7398 3800
          Fax:   020 7398 3799
          Web site: http://www.begbies.com


CUTTING EDGE: Members Decide to Dissolve Company
------------------------------------------------
At the extraordinary general meeting of Cutting Edge Effects
Limited on Dec. 2, 2004 held at Sterlings Limited, Lawford
House, Albert Place, London N3 1QA, the subjoined extraordinary
resolution to wind up the company was passed.  Jamie Taylor and
Lloyd Biscoe of Begbies Traynor, The Old Exchange, 234
Southchurch Road, Southend-on-Sea, Essex SS1 2EG have been
appointed joint liquidators of the company.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange, 234 Southchurch Road
          Southend-on-Sea SS1 2EG
          Phone: 01702 467255
          Fax: 01702 467201
          E-mail: southend@begbies-traynor.com
          Web site: http://www.begbies.com


EBC CONTRACTS: Director Barred from Occupying Management Post
-------------------------------------------------------------
A director of a business that specialized in the erection of
roof covering and frames, which failed with total debts
estimated at GBP58,000, has given an Undertaking not to hold
directorships or take any part in company management for four-
and-a-half years.

The Undertaking by Michael Anthony McEvoy, 37, of Fairlop
Gardens, Hainault, Ilford, Essex, was given in respect of his
conduct as director of EBC Contracts Limited, which carried out
business from premises at 82 Swans Hope, Loughton, Essex IG10
2NB.

Acceptance of the Undertaking on December 14, 2004 prevents Mr.
McEvoy from being a director of a company or in any way, whether
directly or indirectly, being concerned or taking part in the
promotion, formation or management of a company for that period.
EBC Contracts Limited was placed into compulsory liquidation by
Order of the High Court on March 26, 2003, on the petition of HM
Customs & Excise, for unpaid VAT.  The company has an estimated
total deficiency of GBP58,000.  The Official Receiver at London
conducted the investigation and disqualification procedure.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility [under Section (6) of the
Company Directors Disqualification Act 1986] for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered unfit
to be involved in the management of companies in the future

Matters of unfit conduct, not disputed by Mr. McEvoy, were that:

(a) he caused EBC to trade to the detriment of HM Customs and
    Excise and Inland Revenue for the period April 2001 to
    February 2003; and

(b) he also failed to maintain and deliver proper accounting
    records and has therefore hampered the enquiries of the
    Deputy Official Receiver into the company's affairs.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


EDUCATIONAL PRODUCTS: Calls in Liquidator
-----------------------------------------
At the extraordinary general meeting of Educational Products
Limited (formerly Polydron International Limited) on Dec. 7,
2004 held at 77 Shrivenham Hundred Business Park, Majors Road,
Watchfield, Swindon SN6 8TY, the extraordinary and ordinary
resolutions to wind up the company were passed.  Patrick Bernard
Harrington has been appointed liquidator of the company.


ENJAY REPROGRAPHICS: Opts for Liquidation
-----------------------------------------
At the extraordinary general meeting of the members of Enjay
Reprographics Limited on Dec. 7, 2004 held at The Grosvenor
Room, Holiday Inn Heathrow, the extraordinary and ordinary
resolutions to wind up the company were passed.  Peter John
Bridger has been appointed liquidator of the company.


EPMB (UK): Appoints David Exell Associates Liquidator
-----------------------------------------------------
At the extraordinary general meeting of the members of EPMB (UK)
Limited on Dec. 19, 2004 held at Elta House, Birmingham Road,
Stratford-upon-Avon, Warwickshire CV37 0AQ, the extraordinary
and ordinary resolutions to wind up the company were passed.
David Exell of David Exell Associates, P.O. Box 1601, Broad
Street, Wrington, Bristol BS40 5WA has been appointed liquidator
of the company.


FAB-TECH GATES: Hires Joint Liquidators from BRI Business
---------------------------------------------------------
At the extraordinary general meeting of the members of Fab-Tech
Gates & Furniture Ltd. on Dec. 9, 2004 held at 3 The Quadrant,
Coventry CV1 2DY, the extraordinary resolution to wind up the
company was passed.  Gavin Geoffrey Bates and Peter John Windatt
of BRI Business Recovery and Insolvency, 100-102 St James Road,
Northampton NN5 5LF have been appointed joint liquidators of the
company.

CONTACT:  BRI BUSINESS RECOVERY AND INSOLVENCY
          100-102 St James Road,
          Northampton NN5 5LF


FOULSHAW PROPERTY: Members Final Meeting Set January
----------------------------------------------------
The final meeting of the members of Foulshaw Property Limited
will be on Jan. 27, 2005 commencing at 10:00 a.m.  It will be
held at 72 London Road, St Albans, Hertfordshire AL1 1NS.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.


HAIR WORKS: Hires Joint Liquidators from Numerica
-------------------------------------------------
At the extraordinary general meeting of Hair Works Limited on
Dec. 9, 2004 held at Crown House, 37-41 Prince Street, Bristol
BS1 4PS, the extraordinary and ordinary resolutions to wind up
the company were passed.  Graham David Randall and Mark Peter
Roach of Numerica LLP have been appointed joint liquidators of
the company.


HAMBALT SERVICES: Liquidator's Final Report Out January 21
----------------------------------------------------------
The final meeting of the members of Hambalt Services Limited
will be on Jan. 21, 2005 commencing at 10:30 a.m.  It will be
held at the offices of Leonard Curtis & Co, One Great Cumberland
Place, Marble Arch, London W1H 7LW.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.

CONTACT:  LEONARD CURTIS & CO
          One Great Cumberland Place,
          Marble Arch, London W1H 7LW
          Phone: 020 7535 7000
          Fax:   020 7723 6059
          E-mail: solutions@leonardcurtis.co.uk
          Web site: http://www.leonardcurtis.co.uk


HAWKBRIDGE LIMITED: Names Portland Business Liquidator
------------------------------------------------------
At the extraordinary general meeting of the members of
Hawkbridge Limited on Dec. 2, 2004 held at 1640 Parkway, Solent
Business Park, Whiteley, Fareham PO15 7AH, the extraordinary and
ordinary resolutions to wind up the company were passed.  Peter
Robin Bacon and Carl Derek Faulds of Portland Business &
Financial Solutions Ltd, 1640 Parkway, Solent Business Park,
Whiteley, Fareham PO15 7AH have been appointed joint liquidators
of the company.

CONTACT:  PORTLAND BUSINESS & FINANCIAL SOLUTIONS LTD.
          1640 Parkway, Solent Business Park,
          Whiteley, Fareham PO15 7AH


H & D TRANSPORT: Begbies Traynor Liquidator Enters Firm
-------------------------------------------------------
At the extraordinary general meeting of the members of H & D
Transport Services Limited on Dec. 7, 2004 held at 1 Winckley
Court, Chapel Street, Preston PR1 8BU, the extraordinary and
ordinary resolutions to wind up the company were passed.  Gordon
Craig of Begbies Traynor, 1 Winckley Court, Chapel Street,
Preston, Lancashire PR1 8BU has been appointed liquidator of the
company.

CONTACT:  BEGBIES TRAYNOR
          1 Winckley Court
          Chapel Street
          Preston PR1 8BU
          Phone: 01772 202000
          Fax: 01772 200099
          E-mail: preston@begbies-traynor.com
          Web site: http://www.begbies.com


HOLISTEK LIMITED: Appoints Liquidator from Pridie Brewster
----------------------------------------------------------
At the extraordinary general meeting of Holistek Limited on Dec.
9, 2004 held at 29-31 Greville Street, London EC1N 8RB, the
extraordinary resolution to wind up the company was passed.
Hasan Imam Mirza of Pridie Brewster, Carolyn House, 29-31
Greville Street, London EC1N 8RB has been appointed liquidator
of the company.

CONTACT:  PRIDIE BREWSTER
          Carolyn House
          29-31 Greville Street,
          Phone: 020 7831 8821
          Fax:   020 7404 3069
          E-mail: london@pridie-brewster.com
          Web site: http://www.pridie-brewster.com


HOLLY PARK: Files for Liquidation
---------------------------------
At the extraordinary general meeting of Holly Park Mechanical
Services Limited on Dec. 9, 2004, the extraordinary resolution
to wind up the company was passed.  T. C. E. Harrison of Tom
Harrison Insolvency Services, Concourse House, 432 Dewsbury
Road, Leeds LS11 7DF has been appointed liquidator of the
company.

CONTACT:  TOM HARRISON INSOLVENCY SERVICES
          Concourse House, 432 Dewsbury Road,
          Leeds LS11 7DF


HOSTDENE LIMITED: Hires Tenon Recovery Liquidators
--------------------------------------------------
At the extraordinary general meeting of the members of Hostdene
Limited on Nov. 30, 2004 held at Highfield Court, Tollgate,
Chandlers Ford, Eastleigh, Hampshire SO53 3TZ, the extraordinary
and ordinary resolutions to wind up the company were passed.
Nigel Ian Fox and Carl Stuart Jackson of Tenon Recovery,
Highfield Court, Tollgate, Chandlers Ford, Eastleigh, Hampshire
SO53 3TZ have been appointed joint liquidators of the company.

CONTACT:  TENON RECOVERY
          Highfield Court, Tollgate, Chandlers Ford,
          Eastleigh, Hampshire SO53 3TZ
          Phone: 023 8064 6464
          Fax:   023 8064 6666
          E-mail: southampton@tenongroup.com
          Web site: http://www.tenongroup.com


ICON CERAMICS: Owners Decide to Liquidate Company
-------------------------------------------------
At the extraordinary general meeting of the members of Icon
Ceramics Limited on Dec. 8, 2004 held at Bridgestones, 125-127
Union Street, Oldham OL1 1TE, the extraordinary resolution to
wind up the company was passed.  Robert Cooksey of Bridgestones,
125-127 Union Street, Oldham OL1 1TE has been appointed
liquidator of the company.

CONTACT:  BRIDGESTONES
          125-127 Union Street, Oldham OL1 1TE


LIS CONSTRUCTION: Liquidator from Thorntonrones Moves in
--------------------------------------------------------
At the extraordinary general meeting of Lis Construction Limited
on Dec. 6, 2004 held at First Floor, 167 High Road, Loughton,
Essex IG10 4LF, the extraordinary and ordinary resolutions to
wind up the company were passed.  Richard Jeffrey Rones of
ThorntonRones, First Floor, 167 High Road, Loughton, Essex IG10
4LF has been appointed liquidator of the company.

CONTACT:  THORNTONRONES
          167 High Road, Loughton,
          Essex IG10 4LF
          Phone: 020 8418 9333
          E-mail: info@thorntonrones.co.uk
          Web site: http://www.thorntonrones.co.uk


MARLBOROUGH MEDIA: Members Agree to Wind up Business
----------------------------------------------------
At the extraordinary general meeting of Marlborough Media
Limited on Dec. 7, 2004 held at 641 Green Lanes, London N8 0RE,
the subjoined extraordinary resolution to wind up the company
was passed.  Ninos Koumettou of Alexander Lawson & Co, 641 Green
Lanes, London N8 0RE has been appointed liquidator of the
company.

CONTACT:  ALEXANDER LAWSON & CO.
          641 Green Lanes, London N8 0RE


M & W SALES: Appoints Begbies Traynor Liquidator
------------------------------------------------
At the extraordinary general meeting of M & W Sales Limited on
Dec. 8, 2004 held at The Old Exchange, 234 Southchurch Road,
Southend-on-Sea, Essex SS1 2EG, the subjoined extraordinary
resolution to wind up the company was passed.  Lloyd Biscoe of
Begbies Traynor, The Old Exchange, 234 Southchurch Road,
Southend-on-Sea, Essex SS1 2EG has been appointed liquidator of
the company.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange, 234 Southchurch Road
          Southend-on-Sea SS1 2EG
          Phone: 01702 467255
          Fax: 01702 467201
          E-mail: southend@begbies-traynor.com
          Web site: http://www.begbies.com


NEALES AIRCRAFT: Insolvency Service Banish Director for 4 Years
---------------------------------------------------------------
The director of an aircraft interiors refurbishment business
that failed with an estimated total deficiency of GBP687,218 has
given an Undertaking not to hold directorships or take any part
in company management for four years.

The Undertaking by Alan John Miles, 50, of Wayside Road, St.
Leonards, Ringwood, Hampshire was given in respect of his
conduct as director of Neales Aircraft Interiors Limited (NAIL),
which carried on business from premises at Building 266,
Bournemouth International Airport, Christchurch, Dorset, BH23
6NW.  NAIL was placed into compulsory liquidation on August 23,
2003 with an estimated total deficiency of GBP687,218.

Acceptance of the Undertaking on 22 November 2004 prevents Mr.
Miles from being a director of a company or, in any way, whether
directly or indirectly, being concerned or taking part in the
promotion, formation or management of a company for four years.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section 6 of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.

The matter of unfit conduct, not disputed by Mr. Miles, was that
he failed to manage NAIL's affairs properly between September 1,
2001 and February 10, 2003.  As a result NAIL incurred trading
losses every month from November 2001 to January 2003 and its
financial position changed from a surplus of at least GBP75,932
as at September 1, 2001 to a deficiency of GBP329,280 when the
company ceased trading.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


NEW STAR: Calls Final Meeting of Members
----------------------------------------
The final meeting of the members of New Star Enhanced Income
Trust Plc will be on Jan. 28, 2005 commencing at 11:00 a.m.  It
will be held at KPMG LLP, 8 Salisbury Square, London EC4Y 8BB.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with KPMG LLP, 8 Salisbury Square, London EC4Y 8BB not later
than 12:00 noon, Jan. 27, 2005.

CONTACT:  KPMG CORPORATE RECOVERY
          8 Salisbury Square,
          London EC4Y 8BB
          Phone: (020) 7311 1000
          Fax: +44 (0)207 694 3533, (020) 7311 3311
          Web site: http://www.kpmg.co.uk


NSEIT ZEROS: Liquidator to Give Final Update Next Month
-------------------------------------------------------
The final meeting of the members of NSEIT Zeros 2008 Plc will be
on Jan. 28, 2005 commencing at 11:00 a.m.  It will be held at
KPMG LLP, 8 Salisbury Square, London EC4Y 8BB.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with KPMG LLP, 8 Salisbury Square, London EC4Y 8BB not later
than 12:00 noon, Jan. 27, 2005.

CONTACT:  KPMG CORPORATE RECOVERY
          8 Salisbury Square,
          London EC4Y 8BB
          Phone: (020) 7311 1000
          Fax: +44 (0)207 694 3533, (020) 7311 3311
          Web site: http://www.kpmg.co.uk


SLOVENIAN FUND: Deadline for Filing of Claims Next Week
-------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

  IN THE MATTER OF The Slovenian Fund Management Co. (Guernsey)
                             Limited
                        (In Liquidation)

All persons owing monies to The Slovenian Fund Management Co.
(Guernsey) Limited are requested to settle the account concerned
directly with the Liquidator.  All persons having claims against
the company are requested to send a detailed account thereof to
the Liquidator on or before January 7, 2005.

CONTACT:  THE SLOVENIAN FUND MANAGEMENT CO. (GUERNSEY) LIMITED
          P.O. Box 321
          National Westminster House
          Le Truchot, St. Peter Port
          Guernsey, GY1 4ND
          Contact:
          Stephen Le Page, Liquidator


                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Larri-Nil Veloso, Ma. Cristina Canson,
Liv Arcipe, Julybien Atadero and Erica Fernando, Editors.

Copyright 2004.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$575 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *