TCREUR_Public/060412.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

            Wednesday, April 12, 2006, Vol. 7, No. 73

                            Headlines


F I N L A N D

RADNOR HOLDINGS: Styrochem Finland Amends US$20MM Debt Facility


F R A N C E

ALCATEL S.A.: CEO Plans to Terminate 8,800 Employees


G E R M A N Y

APX AKTIENGESELLSCHAFT: Claims Registration Ends April 17
AUTO EICKE: Claims Registration Ends April 18
CARBYNET GMBH: Creditors' Meeting Slated for April 19
EVOLUTION X: Claims Registration Ends April 17
FAIR HOTEL: Claims Registration Ends April 18

KRONOS INTERNATIONAL: Closes EUR400 Mln Private Debt Placement
KRONOS INT'L: Moody's Rates New EUR400 Million Notes at B2
LARO GMBH: Creditors' Meeting Slated for May 16
PERFORMANCE DAMEN: Claims Registration Ends April 17
RINOL AG: Selling Off Bremen-Based Concrete Plant in Insolvency

SHACC SHOES: Claims Registration Ends April 18
TYBURSKI VERWALTUNGS: Claims Registration Ends April 17
ULRICH MEIER: Creditors' Meeting Slated for May 8
WALTER BAU: Founder Faces EUR14 Million Claim


G R E E C E

OLYMPIC AIRLINES: Greece Given Two Months to Recover Illegal Aid
OLYMPIC AIRLINES: Remains on Air Despite EC Order


K A Z A K H S T A N

AKTOR: Creditors Must File Claims by April 21
BARKAS: Creditors Must File Claims by April 21
GPP: Creditors Must File Claims by April 21
KAZAKHSTANKASPISHELF AKTAU: Creditors' Claims Due April 21
MAK-AKMET: Creditors Must File Claims by April 21

NAD AL SHIBA: Creditors Must File Claims by April 21
TURKESTAN: Creditors Must File Claims by April 21
UN-AN-INVEST CONSULTING: Creditors Must File Claims by April 21


K Y R G Y Z S T A N

FEIDI: Creditors Must File Claims by May 27
SANSI: Creditors Must File Claims by May 27
VENTURE BARCHYN: Creditors Must File Claims by May 27


P O L A N D

BANK MILLENNIUM: Moody's Ups Bank Financial Strength Rating to D


R U S S I A

BESLANSKIY: Claims Filing Period Ends April 27
CENTERTELECOM: Plans to Reduce Debts in 2006
EVRAZ GROUP: Acquires 73% Equity Stake in Stratcor
KASKAD: Court Appoints D. Polevanov Insolvency Manager
KHIM-VOLOKNO: Deadline for Proofs of Claim Set for April 27

KRYLOVSKIY: Deadline for Proofs of Claim Slated for April 27
MEGION-AUTO-GAS-SERVICE: Names V. Yarkova Insolvency Manager
MOSHKOVSKOYE: Bankruptcy Hearing Set for June 28
NORTH-WEST: Board Names Nikolay Bredkov Corporate Secretary
RAZREZ LOPATINSKIY: Sakhalin Court Begins Bankruptcy Supervision

RUS': Bankruptcy Hearing Slated for May 18
STERLITAMAK AIRPORT: Court Begins Bankruptcy Supervision
TOBOL: Bankruptcy Hearing Slated for April 25


S P A I N

TERRA MITICA: 90% of Creditors Opt to Swap Debt for Equity


U K R A I N E

ACTILINE-M: Kyiv Court Opens Bankruptcy Proceedings
AMVROSIYIVKA' AGROBUD: Court Appoints Ivan Popov Liquidator
BUDREM: Cherkassy Court Opens Bankruptcy Proceedings
DONBAS: Donetsk Court Opens Bankruptcy Proceedings
PIVNICHNA ZIRKA: Court Names V. Yatchuk to Liquidate Assets

PROGRES: Zaporizhya Court Opens Bankruptcy Proceedings
SPETSPOLIMER: Cherkassy Court Opens Bankruptcy Proceedings
UKRAINE: Zaporizhya Court Opens Bankruptcy Proceedings


U N I T E D   K I N G D O M

1ST RELIABLE: Members Decide To Liquidate Company's Assets
A J TAVERNS: Creditors Affirm Voluntary Liquidation
AA ENGINEERING: Taps Joint Administrators from Begbies Traynor
ALPHA CLINIC: Winds Up Assets & Appoints Liquidator
ALUMINIUM SHOPFRONTS: Appoints PKF Administrator

ASF LIMITED: Holding Company Taps Joint Administrators from PKF
ATRIUM TRAINING: Recruitment Agency Names Administrator
BULLOUGH LIMITED: Brings In Joint Administrators From Deloitte
CARRE PLC: Names Administrators from Vantis to Administer Assets
CIT PRINTING: Taps Joint Administrators From BDO Stoy Hayward

COMCATCO LIMITED: Creditors' Meeting Set for April 18
DISS-TRIBUTION LIMITED: Names Haines Watts to Administer Assets
EDGE & THOMPSON: Appoints DTE Leonard Curtis Administrator
R P SOLUTIONS: Winds Up Business & Appoints Liquidator
ROCK STEADY: Members Resolve to Voluntary Liquidation

S W BUILDERS: Joint Liquidators Lead Bankruptcy Proceedings
SANCTUARY GROUP: Names Bob Ayling As Chairman
STRONGROOM LIMITED: Names Tenon Recovery Administrator
SILVERSCREEN LIMITED: Administrators Begin Asset Sale Process
SWINGBLUE LTD: Taps Andreas Georgiou Kakouris as Liquidator

TAILOR MADE: Claims Registration Ends June 1
TIM BUTLER: Claims Filing Period Ends May 21
TRIANCO GROUP: Brings In Joint Administrators From Baker Tilly
UK TRAVEL: Liquidator Sets April 21 Claims Bar Date

* Sir Digby Jones to Join Deloitte as Industries Group Chairman

                            *********

=============
F I N L A N D
=============


RADNOR HOLDINGS: Styrochem Finland Amends US$20MM Debt Facility
---------------------------------------------------------------
Radnor Holdings Corporation and some of its subsidiaries amended
their indenture with Wachovia Bank, National Association, dated
as of March 11, 2003, which governs the Company's 11% Senior
Notes due 2010.  

The amendment permits the Company to incur an additional
US$25 million of indebtedness and any refinancing, refunding,
deferral, renewal or extension by expanding the definition of
"Permitted Indebtedness."  

The Company's US$135 million of 11.0% Senior Notes due 2010 are
fully and unconditionally jointly and severally guaranteed by
substantially all of the Company's domestic subsidiaries, all of
which are 100% owned.  

Full-text copies of the Indentures governing the 11% Notes,
prior to the March 11 Amendment, are available at no charge at
http://ResearchArchives.com/t/s?7a7and  
http://ResearchArchives.com/t/s?7a8

                   StyroChem Loan Amendment

On March 30, 2006, Radnor Holdings Corporation's European
subsidiary, StyroChem Finland Oy amended the agreement governing
its senior secured term loan facility with institutional lenders
in the original aggregate principal amount of US$20,000,000. The
amendment revised certain covenants, including without
limitation:

   -- the maximum annual capital expenditures limit;

   -- the maximum ratio of the consolidated total debt of
      Borrower and its subsidiaries to the consolidated EBITDA
      of Borrower and its subsidiaries; and

   -- the minimum fixed charge coverage ratio.  

The amendment also amended certain reporting requirements, the
definition of EBITDA for purposes of the agreement and the
pricing grid that is used to determine downward adjustments to
the interest rate for the term loans.

                         About Radnor

Radnor Holdings Corporation -- http://www.radnorholdings.com/--   
is a leading manufacturer and distributor of a broad line of
disposable foodservice products in the United States and
specialty chemical products worldwide. The Company operates 15
plants in North America and three in Europe and distributes its
foodservice products from 10 distribution centers throughout the
United States.

At Sept. 30, 2005, Radnor Holdings' equity deficit widened to
US$28,800,000 from a US$770,000 deficit at December 31, 2004.

                          Tardy 10-K

Radnor's Annual Report on Form 10-K for the fiscal year ended
December 30, 2005, "could not be filed within the prescribed
time period primarily due to the Company's continuing review of
the impact of, and disclosures related to, certain financing
transactions subsequent to fiscal year end," President and Chief
Executive Officer Michael T. Kennedy told the U.S. Securities
and Exchange Commission in a March 31 regulatory filing. "The
Company is also continuing its review of certain income tax
matters," Mr. Kennedy added.  

Radnor's results of operations for the fiscal year ended
Dec. 30, 2005, were negatively impacted by the Gulf Coast
hurricanes, and the resulting volatility in the petrochemicals
and energy markets.  The impact of these events on the Company's
pre-tax results of operations has been estimated between US$25
million and US$30 million, primarily in the fourth quarter.


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


ALCATEL S.A.: CEO Plans to Terminate 8,800 Employees
----------------------------------------------------
Following the US$13.4 billion merger of Alcatel S.A. and Lucent
Technologies Inc., incoming chief executive officer of the
combined Paris-based corporation and current Lucent CEO,
Patricia Russo disclosed plans to eliminate 10% of the
companies' 88,000 combined workforce.  The job cuts will mark
efforts to raise up to EUR1.4 billion in cost savings in the
next three years.

Ms. Russo, who eliminated 30,000 jobs at Lucent representing 50%
of its workforce, planned to start the job cuts within the next
six to 12 months after completing the merger.

"We recognized the sensitivity that this creates to the
employees of both companies and we will be very fair, and
balanced and caring in how we approach this," Ms. Russo told
Euronews considering unemployment rate in France is twice as
high as the United States.

Ms. Russo will take over Alcatel's Serge Tchuruk, 68, as chief
executive while Mr. Tchuruk will serve as the new company's
chairman.

                         About Lucent

Headquartered in Murray Hill, New Jersey, Lucent Technologies --
http://www.lucent.com/-- designs and delivers the systems,  
services and software that drive next-generation communications
networks.  Backed by Bell Labs research and development, Lucent
uses its strengths in mobility, optical, software, data and
voice networking technologies, as well as services, to create
new revenue-generating opportunities for its customers, while
enabling them to quickly deploy and better manage their
networks.  Lucent's customer base includes communications
service providers, governments and enterprises worldwide.

                         About Alcatel

Headquartered in Paris, France, Alcatel --
http://www.alcatel.com/-- provides communications solutions to  
telecommunication carriers, Internet service providers and
enterprises for delivery of voice, data and video applications
to their customers or employees.  Alcatel brings its leading
position in fixed and mobile broadband networks, applications
and services, to help its partners and customers build a user-
centric broadband world.  With sales of EUR13.1 billion and
58,000 employees in 2005, Alcatel operates in more than 130
countries.

                        *     *     *

As reported in the Troubled Company Reporter-Europe on March 28,
Standard & Poor's Ratings Services placed its 'BB' long-term
corporate credit rating on France-based telecommunications
equipment maker Alcatel on CreditWatch with negative
implications.

At the same time, Standard & Poor's placed its 'B' long-term
corporate credit rating on U.S.-based Lucent Technologies Inc.
on CreditWatch with positive implications. Standard & Poor's
affirmed its 'B' short-term corporate credit rating on Alcatel
and its 'B-1' short-term corporate credit rating on Lucent.


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


APX AKTIENGESELLSCHAFT: Claims Registration Ends April 17
---------------------------------------------------------
Creditors of apx Aktiengesellschaft have until April 17, to
register their claims with court-appointed provisional
administrator Heiko Janssen.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on May 18, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Aurich
         Saal 115
         Schlossplatz 2
         26603 Aurich, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Aurich opened bankruptcy proceedings
against apx Aktiengesellschaft on March 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         apx Aktiengesellschaft
         Schmiedestrasse 26
         26629 Grossefehn, Germany
         
The administrator can be contacted at:

         Heiko Janssen
         Julianenburger Str. 19
         D-26603 Aurich, Germany
         Tel: 04941/97440
         Fax: 04941/9744137


AUTO EICKE: Claims Registration Ends April 18
---------------------------------------------
Creditors of Auto Eicke Zossen GmbH have until April 18, to
register their claims with court-appointed provisional
administrator Christian Graf Brockdorff.

Creditors and other interested parties are encouraged to attend
the meeting at 10:10 a.m. on May 17, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Potsdam
         Saal 301
         Nebenstelle Lindenstrasse 6
         14467 Potsdam, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Potsdam opened bankruptcy proceedings
against Auto Eicke Zossen GmbH on Feb. 28.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Auto Eicke Zossen GmbH
         Bahnhofstrasse 22
         15806 Zossen, Germany

The administrator can be contacted at:

         Christian Graf Brockdorff
         Breite Strasse 9 a
         14467 Potsdam, Germany


CARBYNET GMBH: Creditors' Meeting Slated for April 19
-----------------------------------------------------
Court-appointed provisional administrator for Carbynet GmbH, Dr.
Udo Michalsky, will present his first report on the Company's
insolvency proceedings at a creditors' meeting at 10:45 a.m., on
April 19.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Saarbruecken
         Raum Saal 24
         2. Etage
         Vopeliusstrasse 2
         66280 Sulzbach, Germany

The Court will also verify the claims set out in the
administrator's report at 10:30 a.m., on May 2, at the same
venue.

Creditors have until April 20, to register their claims with the
court-appointed provisional administrator.

The District Court of Saarbruecken opened bankruptcy proceedings
against Carbynet GmbH on March 1.  Consequently, all pending
proceedings against the company have been automatically stayed

The Debtor can be reached at:

         Carbynet GmbH
         Attn: Emmanuel Grosdemange, Manager
         Heinrich-Barth-Strasse 20
         66115 Saarbruecken, Germany

The administrator can be reached at:

         Dr. Udo Michalsky
         Kaiserstrasse 77
         66386 St. Ingbert, Germany
         Tel: (06894) 3876311
         Fax: (06894) 382185


EVOLUTION X: Claims Registration Ends April 17
----------------------------------------------
Creditors of EVOLUTION X GmbH have until April 17, to register
their claims with court-appointed provisional administrator Dr.
Biner Bahr.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on May 8, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Essen
         Saal 293
         2. OG
         Zweigertstr. 52
         45130 Essen, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Essen opened bankruptcy proceedings
against EVOLUTION X GmbH on Feb. 14.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         EVOLUTION X GmbH
         Kruppstrasse 82-100
         45145 Essen Germany
         Attn: Markus Kurz, Manager
         Berliner Allee 46
         40212 Duesseldorf, Germany
         
The administrator can be contacted at:

         Dr. Biner Bahr
         Jagerhofstr. 29
         40479 Duesseldorf, Germany
         Tel: 0211/5406800


FAIR HOTEL: Claims Registration Ends April 18
---------------------------------------------
Creditors of FAIR Hotel- & Immobiliengesellschaft mbH have until
April 18, to register their claims with court-appointed
provisional administrator Manfred Dobler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 18, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Esslingen
         Saal 1
         1. OG
         Ritterstr. 5
         Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Esslingen opened bankruptcy proceedings
against FAIR Hotel- & Immobiliengesellschaft mbH on Feb. 22.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         FAIR Hotel- & Immobiliengesellschaft mbH
         Attn: Zeljko Mikulic, Manager
         Unterboihinger Str. 25
         73240 Wendlingen, Germany
         
The administrator can be contacted at:

         Manfred Dobler
         Gansheidestr. 1
         70184 Stuttgart, Germany
         Tel: 0711/164330
         Fax: 0711/1643350


KRONOS INTERNATIONAL: Closes EUR400 Mln Private Debt Placement
--------------------------------------------------------------
Kronos International, Inc., a wholly owned subsidiary of Kronos
Worldwide, Inc. (NYSE: KRO), closed the private placement of
EUR400 million Senior Secured Notes due 2013 at an interest rate
of 6-1/2% and priced at 99.306%.

Kronos International conducts Kronos Worldwide's titanium
dioxide pigments operations in Europe.  The net proceeds of the
offering of approximately US$467.9 million, together with
approximately US$2.1 million of cash on hand, were used to repay
Kronos International's outstanding 8-7/8% senior secured notes
due 2009.

The Notes were sold to qualified institutional buyers in the
United States in reliance on Rule 144A and to persons outside of
the United States in reliance on Regulation S under the
Securities Act of 1933, as amended.

Kronos International, Inc. -- http://www.kronostio2.com/-- is a  
wholly owned subsidiary of Kronos Worldwide, Inc., headquartered
in Dallas, Texas and produces titanium dioxide (TiO2) pigments
in Europe.  For the LTM ended Dec. 31, 2005, the company
reported sales of US$851 million.

                        *     *     *

As reported in TCR-Europe on April 7, Standard & Poor's Ratings
Services assigned its 'B+' rating to Kronos International Inc.'s
EUR400 million senior secured notes issue due 2013.  At the same
time, the rating was placed on CreditWatch with negative
implications.

The senior secured notes also carry Fitch's BB ratings.


KRONOS INT'L: Moody's Rates New EUR400 Million Notes at B2
----------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Kronos
International, Inc.'s new EUR400 million senior secured notes
due 2013 and affirmed its corporate family rating and stable
outlook.

Moody's views the refinancing of KII's existing EUR375 million
senior secured notes in order to reduce interest expense as
favorable and the EUR25 million increase in debt as not material
to the rating.  The rating on the EUR375 million senior secured
notes due 2009 will be withdrawn after they are repaid with the
proceeds of the newly issued notes due 2013.

Assignments:

   Issuer: Kronos International Inc.

   * Senior Secured Regular Bond/Debenture, Assigned B2

The key ratings factors currently influencing KII's rating and
outlook are:

   Factor 1 - Business Profile: The seven criteria within Factor
      1 generate a score of 1, which maps to a "B" rating.
      Additionally, KII's B1 Corporate Family Rating takes into
      account the uncertainty regarding pending litigation
      against NL Industries, Inc., and possible future claims
      related to potential lead paint liability.

   Factor 2 - Size and Stability: two of the three criteria map
      to the "B" category due to the company's small size and
      the lack of product diversity.

   Factor 3 -- Cost Position: KII benefits from having
      maintained relatively strong financial metrics including
      EBITDA, even in the chemical industry downturn of 2000-
      2002.

The first two metrics in this factor, EBITDA margin and return
on assets both map to the "A" ratings category.

The B2 rating on the notes reflect their structural
subordination to all indebtedness and liabilities of the
company's operating subsidiaries and the contractual
subordination to the company's US$80 million revolving credit
facility.  In addition, it is likely that in a stressed
scenario, the security will not be sufficient to cover the
principal amount of the notes.

There is also a concern over any additional indebtedness that
KII might incur in the future to help satisfy any liabilities at
NL related to lead paint litigation, however Moody's notes that
KII is limited by its indenture on the restricted payments that
it can make to its parent.  There is language in the indenture
that allows each holder of the notes to require KII to purchase
all or a portion of the holder's notes at a price of 101% of the
principal amount if there is a change of control to someone
other than a Permitted Holder.  Permitted Holders include Harold
Simmons, his family trusts, trustees of a Simmons Trust, a KII
employee pension plan or fund or persons acting for such plan or
fund.

The stable outlook reflects favorable industry dynamics with
relatively high capacity utilization rates, which could support
higher prices and the expectation for improved growth in Europe,
KII's main market.  If NL Industries Inc., KII indirect parent
company, experiences significant cash settlement costs relating
to lead paint litigation, there would be downward pressure on
the rating.  An upgrade could result if Moody's concerns over
NL's lead paint litigation exposure were to lessen.  However,
Moody's believes that a resolution to this issue in the near-
term is unlikely.

Kronos International, Inc., is a wholly owned subsidiary of
Kronos Worldwide, Inc., headquartered in Dallas, Texas and
produces TiO2 pigments in Europe.  For the LTM ended Dec. 31,
2005, the company reported sales of US$851 million.


LARO GMBH: Creditors' Meeting Slated for May 16
-----------------------------------------------
Court-appointed provisional administrator for Laro GmbH & Co.
KG, Andreas Kienast, will present his first report on the
Company's insolvency proceedings at a creditors' meeting at
10:30 a.m., on May 16.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Tostedt
         Raum CE.02
         Linden 23
         21255 Tostedt, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

Creditors have until April 18, to register their claims with the
court-appointed provisional administrator.

The District Court of Tostedt opened bankruptcy proceedings
against Laro GmbH & Co. KG on Feb. 21.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Laro GmbH & Co. KG
         Attn: Christel Hoppe, Manager
         Bertha-von-Suttner-Allee 4
         21614 Buxtehude, Germany
         
The administrator can be reached at:

         Andreas Kienast
         Johnsallee 7
         20148 Hamburg, Germany
         Tel: 040/808065920
         Fax: 040/808065999


PERFORMANCE DAMEN: Claims Registration Ends April 17
----------------------------------------------------
Creditors of PERFORMANCE Damen und Herren Friseurladen GmbH have
until April 17, to register their claims with court-appointed
provisional administrator Angela Gerigk.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on May 8, at which time the
administrator will present her first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Essen
         Saal 293
         2. OG
         Zweigertstr. 52
         45130 Essen,Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Essen opened bankruptcy proceedings
against PERFORMANCE Damen und Herren Friseurladen GmbH on
Feb. 17.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be contacted at:

         PERFORMANCE Damen und Herren Friseurladen GmbH
         Attn: Selma Turan, Manager
         Bergstr. 24
         45770 Marl, Germany
         
The administrator can be contacted at:

         Angela Gerigk
         Recklinghauser Strasse 17
         46282 Dorsten, Germany
         Tel: 02362/993480
         Fax: 02362/993481


RINOL AG: Selling Off Bremen-Based Concrete Plant in Insolvency
---------------------------------------------------------------
After filing for insolvency proceedings in January, Rinol AG is
now selling off its operations, Borsen-Zeitung says.

According to the report, insolvency trustee Rolf Friedrich
signed a letter of intent for the sale of the company's roller
compacted concrete plant based in Bremen and hopes to close the
deal this week.  

Mr. Friedrich is in talks with potential investors for the
company's floor coatings division, the paper added.

Rinol AG -- http://www.rinol.de/-- specializes in industrial  
flooring.  The company is divided into subsidiaries and
affiliated companies throughout Europe, Latin America and Asia.  
It was forced to apply for insolvency proceedings after its main
creditors, Morgan Stanley and DB Zwirn, refused to provide any
further financing.  Its insolvency proceedings started on
April 1, 2006.


SHACC SHOES: Claims Registration Ends April 18
----------------------------------------------
Creditors of Shacc Shoes und Accessoires GmbH & Co KG have until
April 18, to register their claims with court-appointed
provisional administrator Joachim Exner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 18, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Fuerth
         Zi. 3
         Dienstgebaude Baumenstrasse 32
         Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Fuerth opened bankruptcy proceedings
against Shacc Shoes und Accessoires GmbH & Co KG on Feb. 17.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Shacc Shoes und Accessoires GmbH & Co KG
         Hauptstr. 55
         91054 Erlangen, Germany
         
The administrator can be contacted at:

         Joachim Exner
         Stahlstrasse 17
         90411 Nuernberg, Germany
         Tel: 0911/9512850
         Fax: 0911/95128510


TYBURSKI VERWALTUNGS: Claims Registration Ends April 17
-------------------------------------------------------
Creditors of Tyburski Verwaltungs- GmbH have until
April 17, to register their claims with court-appointed
provisional administrator Rolf Weidmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 8, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Essen
         Saal 293
         2. OG
         Zweigertstr. 52
         45130 Essen, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Essen opened bankruptcy proceedings
against Tyburski Verwaltungs- GmbH on Feb. 14.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be contacted at:

         Tyburski Verwaltungs- GmbH
         Attn: Guenter Tyburski, Manager
         Annabergstr. 33
         45721 Haltern am See, Germany
                           
The administrator can be contacted at:

         Rolf Weidmann
         Alfredstr. 279
         45133 Essen, Germany
         Tel: 0201/437760
         Fax: 02014377620


ULRICH MEIER: Creditors' Meeting Slated for May 8
-------------------------------------------------
Court-appointed provisional administrator for Ulrich Meier
Werkzeug- und Formenbau GmbH, Frank M. Welsch, will present his
first report on the Company's insolvency proceedings at a
creditors' meeting at 10:15 a.m., on May 8.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Bielefeld
         Saal 4065
         4. Ebene
         Gerichtstrasse 6
         33602 Bielefeld, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

Creditors have until April 17, to register their claims with the
court-appointed provisional administrator.

The District Court of Bielefeld opened bankruptcy proceedings
against Ulrich Meier Werkzeug- und Formenbau GmbH on March 1.  
Consequently, all pending proceedings against the company have
been automatically stayed

The Debtor can be reached at:

         Ulrich Meier Werkzeug- und Formenbau GmbH
         Muehlenweg 22
         33332 Guetersloh, Germany
         Attn: Ulrich Meier, Manager
         Avenstrothsweg 17
         33332 Guetersloh, Germany

The administrator can be reached at:

         Frank M. Welsch
         Barkeystrasse 30
         33330 Guetersloh, Germany


WALTER BAU: Founder Faces EUR14 Million Claim
---------------------------------------------
Walter Bau insolvency administrator Werner Schneider has filed a
EUR14 million damages claim against founder Ignaz Walter,
Handelsblatt says.

Mr. Schneider accuses Mr. Walter of misappropriating EUR14
million of company funds for personal use.  Mr. Schneider said
he tried to strike an out-of-court settlement, but Mr. Walter
refused to respond.

According to the report, a lawyer representing Mr. Walter
dismissed the claims as untrue.  The lawyer said that Mr. Walter
had prepared a statement and had asked Mr. Schneider for an
eight-day extension due to sickness.  Mr. Schneider, however,
failed to respond to the request, the lawyer claimed.  

Headquartered in Augsburg, Germany, Walter Bau AG --
http://www.walter-bau.de/-- is a construction management and  
construction technology group in Europe.  It principal
activities include turnkey construction, building planning and
construction, civil engineering, utility constructions, traffic
infrastructure construction, and real estate.  Walter Bau once
ranked number fourth in the local construction market behind
Hochtief, Bilfinger Berger and Strabag.

Walter Bau declared insolvency in February 2005 after creditor
banks refused to approve its restructuring plan.  This denied
the company access to a EUR1.5 billion credit line.  In his
report to the creditors, Mr. Schneider blamed the group's demise
to management errors and the downturn in the construction
industry.


===========
G R E E C E
===========


OLYMPIC AIRLINES: Greece Given Two Months to Recover Illegal Aid
----------------------------------------------------------------
The European Commission has warned Greece to recover EUR161
million in illegal state aid granted to Olympic Airlines'
predecessor Olympic Airways, BBC News says.

The Commission threatened to impose stiff fines on the Greek
government should the latter still fail to recover the amount
within two months, which include EUR41 million in illegal
restructuring aid and EUR120 million in operational assistance.

The regulator ruled in 2002 that Olympic Airways had been
receiving illegal state aid during its restructuring between
1998 and 2002 and ordered Greece to recover the amount.  The
European Union Court of Justice in May 2005 confirmed that
Greece authorities failed to recover the amount.

Headquartered in Athens, Greece, Olympic Airlines S.A. --
http://www.olympicairlines.com/-- the holding company of the  
Olympic Airways group of companies, flies passengers and cargo
to five continents, while offering ground handling, technical
maintenance and information technology services to third
parties.  The group's net loss swelled to EUR87 million in 2004
from EUR23 million a year before.  Together with the 2004
deficit, Olympic's EUR110 million in accumulated losses are
nearly equivalent to its EUR130 million in equity.

The government had been looking for private investors for the
carrier, saying privatization is its only chance for survival.  
The state wants to dispose of the carrier to reduce its EUR1.6
billion debt, one of the highest in the euro zone as a
percentage of gross domestic product.

Recently, Greece said it will replace loss-making flag carrier
Olympic Airlines with stripped-down airline Pantheon Airways,
after failing to sell the carrier to investors.

In December 2002, the Commission ruled illegal an aid granted to
Olympic Airways and ordered Greece to recover EUR160 million.  
In 2003, Greece set up Olympic Airlines to take over the flight
operations and most of the assets of Olympic Airways, leaving
behind almost all of its debts and circumventing the obligation
to recover the aid.


OLYMPIC AIRLINES: Remains on Air Despite EC Order
-------------------------------------------------
Olympic Airlines shrugged off rumors that it would shut down
after the European Commission ordered the Greek government to
recover EUR161 million from the carrier, Reuters says.

Speculations have been rife that the regulator's order would
force Olympic Airlies to shutdown its operations.  The carrier
said it "will continue to operate, fulfilling its obligations to
the utmost and continuing with the (same flight) program."

The European Commission has threatened to imposed stiff fines
against Greece should the latter fail to recover the amount from
Olympic Airlines within two months.

Headquartered in Athens, Greece, Olympic Airlines S.A. --
http://www.olympicairlines.com/-- the holding company of the  
Olympic Airways group of companies, flies passengers and cargo
to five continents, while offering ground handling, technical
maintenance and information technology services to third
parties.  The group's net loss widened to EUR87 million in 2004
from EUR23 million a year before.  Together with the 2004
deficit, Olympic's EUR110 million in accumulated losses are
nearly equivalent to its EUR130 million in equity.


===================
K A Z A K H S T A N
===================


AKTOR: Creditors Must File Claims by April 21
---------------------------------------------
LLP Aktor has declared insolvency.  Creditors have until
April 21, to submit written proofs of claim to:

         Shymkent, Jeltoksan Str. 20 b
         South Kazakhstan Region
         Tel: 8 (3252) 21-18-92


BARKAS: Creditors Must File Claims by April 21
----------------------------------------------
LLP Barkas filed for bankruptcy with the Specialized Inter-
Regional Economic Court of Aktube Region.

Creditors have until April 21, to submit written proofs of claim
to:

         Altynsarina Str. 31
         Aktobe
         Tel: 8 (3132) 21-30-32


GPP: Creditors Must File Claims by April 21
-------------------------------------------
LLP GPP filed for bankruptcy with the Specialized Inter-Regional
Economic Court of Aktube Region.

Creditors have until April 21, to submit written proofs of claim
to:

         Altynsarina Str. 31
         Aktobe
         Tel: 8 (3132) 21-30-32


KAZAKHSTANKASPISHELF AKTAU: Creditors' Claims Due April 21
----------------------------------------------------------
JSC Kazakhstankaspishelf Aktau has declared insolvency.  
Creditors have until April 21, to submit written proofs of claim
to:

         Micro District 5, House 5a
         Aktau
         Tel: 8 (3292) 53-13-10


MAK-AKMET: Creditors Must File Claims by April 21
-------------------------------------------------
LLP Mak-Akmet filed for bankruptcy with the Specialized Inter-
Regional Economic Court of Aktube Region.

Creditors have until April 21, to submit written proofs of claim
to:

         Altynsarina Str. 31
         Aktobe
         Tel: 8 (3132) 21-30-32


NAD AL SHIBA: Creditors Must File Claims by April 21
----------------------------------------------------
LLP Nad Al Shiba International General Trading has declared
insolvency.  Creditors have until April 21, to submit written
proofs of claim to:

         Shymkent, Turkestanskaya Str. 2/3-82
         South Kazakhstan Region


TURKESTAN: Creditors Must File Claims by April 21
-------------------------------------------------
LLP Investment Construction Company Turkestan has declared
insolvency.  Creditors have until April 21, to submit written
proofs of claim to:

          Shymkent, Ryskulova Str. 1-36
          South Kazakhstan Region
          Tel: 8 (3252) 30-05-74


UN-AN-INVEST CONSULTING: Creditors Must File Claims by April 21
---------------------------------------------------------------
LLP Un-An-Invest Consulting has declared insolvency. Creditors
have until April 21, to submit written proofs of claim to:

         Ust-Kamenogorsk, M.Gorkogo Str. 95
         East Kazakhstan Region


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


FEIDI: Creditors Must File Claims by May 27
-------------------------------------------
Joint Kyrgyz-Chinese Venture Feidi has declared insolvency.  
Creditors have until May 27, to submit written proofs of claim
to:

         Chui Ave. 114
         Bishkek
         Tel: (+996 312) 66-30-84


SANSI: Creditors Must File Claims by May 27
-------------------------------------------
Joint Kyrgyz-Chinese Venture Sansi has declared insolvency.  
Creditors have until May 27, to submit written proofs of claim
to:

         Chui Ave. 114
         Bishkek
         Tel: (+996 312) 66-30-84


VENTURE BARCHYN: Creditors Must File Claims by May 27
-----------------------------------------------------
Joint Kyrgyz German Venture Barchyn has declared insolvency.  
Creditors have until May 27, to submit written proofs of claim
to:

         Djunusalieva Str. 84-14
         Bishkek
         Tel: (+996 312) 54-07-91


===========
P O L A N D
===========


BANK MILLENNIUM: Moody's Ups Bank Financial Strength Rating to D
----------------------------------------------------------------
Moody's Investors Service upgraded the bank financial strength
rating of Bank Millennium SA to D (Stable outlook) from D-
(positive outlook).

The long and short-term deposit ratings of A2/P-1 remain
unchanged with a stable outlook.  The bank is 50% owned by
Portuguese Millennium BCP whose expected support underpins BM's
deposit ratings.

Moody's said that the upgrade of the BFSR reflects the bank's
continued ability to deliver on its strategic objectives, its
increasing recurring profitability and reducing risk profile.  
It also takes into account the challenges BM faces in reducing
its cost base given the bank's planned expansion of its branch
network and maintaining its asset quality in light of the recent
rapid growth in its retail lending portfolio. The outlook on the
BFSR is stable following the upgrade.

Bank Millennium has been recently concentrating on promoting
selected key products in retail segment, on increasing cross-
selling initiatives and on further improvement of its
efficiency.  The bank's efforts in these areas have proved to be
successful as its financial fundamentals have improved in 2005.

Moody's notes that any further improvement in the financial
strength rating will be linked to strengthening of the bank's
retail and corporate franchise, improved revenue generation,
enhancement in the bank's efficiency, reducing risk profile and
further improving asset quality.

Rating upgraded:

   -- Bank Millennium- Bank Financial Strength Rating from D-       
      (positive outlook) to D (stable outlook).

Bank Millennium is headquartered in Warsaw, Poland. It has
reported consolidated total assets of PLN22.2 billion (EUR5.77
billion) according to IFRS in 2005 and net profit of PLN567
million (EUR147.3 million).


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


BESLANSKIY: Claims Filing Period Ends April 27
----------------------------------------------
Creditors of Beslanskiy (TIN 1511002063) have until April 27, to
file their proofs of claim to court-appointed insolvency manager
Mr. I. Gabuev at:

         440061, Severnaya Osetiya Republic
         Alaniya, Russia

The Arbitration Court of Severnaya Osetiya Republic - Alaniya
commenced bankruptcy proceeding against the company with the
case is docketed as A61-451/05-11.

The Debtor can be reached at:

         Beslanskiy
         Beslan, Dzarakhokhova Str. 1
         363000, Severnaya Osetiya Republic
         Alaniya, Russia


CENTERTELECOM: Plans to Reduce Debts in 2006
--------------------------------------------
Alexander Lutsky, Financial Director of OJSC CenterTelecom (RTS:
ESMO, ESMOP; MICEX: CTLK, CTLKP; OTC: CRMUY), disclosed that the
Company plans to minimize its debts in 2006.

Mr. Lutsky said that the investment program would be reduced by
25% compared with the same period in 2005.

CenterTelecom's 2005 financials revealed a 10.5% increase in
revenues from 2004, and total volume of regional, interregional
and international traffic grew by 0.1%.

CenterTelecom provides fixed-line and mobile communications in
the Russian Central Federal District.

                        *     *     *

As reported in TCR-Europe on Feb. 9, 2006, Fitch Ratings
assigned Issuer Default ratings to companies in the European
Telecommunications, Media and Technology sectors.  Revised
Senior Unsecured ratings now apply to the senior unsecured bond
issues of these entities.  Centertelecom now carries Fitch's B-
rating with a negative outlook.


EVRAZ GROUP: Acquires 73% Equity Stake in Stratcor
--------------------------------------------------
The Evraz Group S.A. (LSE: EVR) signed an agreement with the
major shareholders of the Strategic Minerals Corporation to
purchase outstanding shares in the company for around US$110
million.

Upon consummation in full of the transaction, Evraz Group will
acquire outstanding Stratcor's shares representing an economic
interest in the Corporation of approximately 73%.  Sojitz, a
Japanese trading company, will retain a strategic shareholding
in the Corporation.  The transaction will be financed from
Evraz's own funds.  Final closing is subject to customary
conditions and approvals.

"The transaction will compensate for the absence of Evraz's own
vanadium processing facilities and will ensure strategic
exposure of the Company to attractive markets of high value-
added vanadium products," Valery Khoroshkovsky, Evraz Group's
CEO, said.  "Evraz will also benefit from Stratcor's advanced
technical know-how and outstanding marketing expertise".

                          About Evraz

Evraz Group is one of the largest vertically integrated steel
and mining businesses with operations mainly in Russia.  In
2004, Evraz produced 13.7 million tonnes of crude steel.  
Evraz's principal assets include three of the leading steel
plants in Russia: Nizhny Tagil (NTMK) in the Urals region, and
West Siberian (Zapsib) and Novokuznetsk (NKMK) in Siberia.

                        *     *     *

Evraz Group's 8-1/4% notes due November 2015 carry Moody's
Investors Service's (P)B2 rating, Standard & Poor's B+ rating
and Fitch's BB- rating.


KASKAD: Court Appoints D. Polevanov Insolvency Manager
------------------------------------------------------
The Arbitration Court of Ulyanovsk Region appointed Mr. D.
Polevanov insolvency manager of open joint stock company Kaskad
with the case docketed as A72-12819/05-19/104-B.

The Debtor can be reached at:

         Kaskad
         Yaroslavskogo Str. 1a
         432023, Ulyanovsk Region, Russia

The insolvency manager can be reached at:

         D. Polevanov
         Post User Box 4662
         432063, Ulyanovsk Region, Russia


KHIM-VOLOKNO: Deadline for Proofs of Claim Set for April 27
-----------------------------------------------------------
Creditors of Khim-Volokno have until April 27, to submit their
proofs of claim to the court-appointed insolvency manager Mr. E.
Popov at:

         Post User Box 321
         305029, Kursk-29, Russia

The Arbitration Court of Kursk Region commenced bankruptcy
proceedings against the close joint stock company with the case
docketed as A35-3424/05 "g".

The Debtor can be reached at:

         Khim-Volokno
         Silikatnyj Proezd, 1
         305026, Kursk Region, Russia


KRYLOVSKIY: Deadline for Proofs of Claim Slated for April 27
------------------------------------------------------------
Creditors of Krylovskiy have until April 27, to submit their
proofs of claim to court-appointed insolvency manager Mr. V.
Dolgov at:

         Vyselki, Khleborobnyj Per. 21
         353100, Krasnodar Region, Russia

The Arbitration Court of Krasnodar Region will convene at
4 p.m., on Dec. 18, to hear the bankruptcy proceedings against
the open joint stock company.  The case is docketed as A-32-
14954/2005-46/202-B.

The Debtor can be reached at:

         Krylovskiy
         Novosergievskaya St.
         Krasnodar Region Russia


MEGION-AUTO-GAS-SERVICE: Names V. Yarkova Insolvency Manager
------------------------------------------------------------
The Arbitration Court of Khanty-Mansiyskiy Autonomous Region
appointed Ms. V. Yarkova insolvency manager of Megion-Auto-Gas-
Service (TIN 8605014290, OGRN 1028601354704).  The case is
docketed as A75-12370/2005.

The Debtor can be reached at:

         Megion-Auto-Gas-Service
         Megion, Yuzhnaya Promzona
         629684, Khanty-Mansiyskiy Autonomous Region, Russia

The insolvency manager can be reached at:

         V. Yarkova
         Office 184, Nizhnevartovsk
         Internatsionalnaya Str. 18
         628600, Khanty-Mansiyskiy Autonomous Region, Russia


MOSHKOVSKOYE: Bankruptcy Hearing Set for June 28
------------------------------------------------
The Arbitration Court of Novosibirsk Region will convene at 9:30
a.m., on June 28 at Room 915 in Kirova Str. 3, Russia.

Creditors are requested to submit their proofs of claims to
court-appointed insolvency manager Mr. A. Demidov at:

         Post User Box 132
         630060, Novosibirsk Region, Russia

The Debtor can be reached at:

         Moshkovskoye
         Moshkovo, Vokzalnaya Str. 23
         Novosibirsk Region, Russia


NORTH-WEST: Board Names Nikolay Bredkov Corporate Secretary
-----------------------------------------------------------
The Board of Directors of North-West Telecom (OTC: NWTEY; RTS:
SPTL) appointed Nikolay Bredkov as the Company's first Corporate
Secretary.  The necessary "Provisions of the Corporate Secretary
and Corporate Secretary's Personnel" have also been approved.

The introduction of the institute of the Corporate Secretary
will make it possible to organize a more efficient interaction
between the Company and its shareholders and is one of the most
important elements of ensuring effective activities of the Board
of Directors and their transparency for the shareholders and
investors.

Mr. Bredkov will perform these responsibilities:

   -- organizing the preparation for and ensuring the holding of
      general shareholders meetings in compliance with the
      requirements of the effective laws, Articles of
      Association and other bylaws of the Company;

   -- organizing interaction between the Company and
      shareholders;

   -- ensuring the work of the Board of Directors and its
      Committees;

   -- keeping documents and disclosing information on the
      Company; and

   -- ensuring the work of the executive bodies.

The staff of the Corporate Secretary has been formed in the
Company for the fulfillment of the Corporate Secretary function.  

Mr. Bredkov has been working for the Company since 1989, and
since January 2001 he has occupied the position of the
Structural Reorganization Director and Manager of the Structural
Reorganization Department of the Corporate Governance of, NWT
JSC.  Since April 2002 he has been the Deputy General Manager
for Corporate Governance of NWT JSC.  

                  Corporate Relations Unit

In compliance with the "Proposals on the Reorganization of the
Structure of JSC NWT's General Directorate", a corporate
relations unit has been created on the basis of the Department
of Securities and Corporate Governance and the IR & PR
Department.  Ella Tomilina, Deputy General Manager for Corporate
Affairs, the former IR & PR Officer, heads this unit.  

As V.A. Akulich, Chief Executive Officer of North-West Telecom
JSC noted, "North-West Telecom has always done its best to
enhance information transparencies, the quality of corporate
governance and trust of investors.  These decisions are another
step aimed at improving the quality of corporate governance,
enhancing the protection of the rights and legal interests of
JSC NWT's shareholders, bringing them closer to international
standards and creating conditions for the growth of Company's
investment attractiveness."  

                 About North-West Telecom

OAO North-West Telecom is one of Russia's major
telecommunication companies, and the leading operator in the
North-West Federal District, providing traditional telephone
services, as well as internet and advanced data services.  The
Company originated from the merger of 10 regional fixed line
operators and is ranked among the Financial Times' Top 100 major
Eastern European companies.  NWT ranks eighth in Standard &
Poor`s Transparency Index of the 50 largest MICEX-listed
companies and fifth in the S&P Corporate governance rating.

NWT international debt is rated by S&P at B+ with stable outlook
and domestic debt ruA+.


RAZREZ LOPATINSKIY: Sakhalin Court Begins Bankruptcy Supervision
----------------------------------------------------------------
The Arbitration Court of Sakhalin Region has commenced
bankruptcy supervision procedure on open joint stock company
Razrez Lopatinskiy (TIN 6505008309).  The case is docketed as
A59-6720/05-S4.  

Ms. K. Fasuni has been appointed temporary insolvency manager
and can be reached at:

         K. Fasuni
         2nd Krasnoselskaya Str. 18-37
         693022, Yuzhno-Sakhalinsk Region, Russia

The Debtor can be reached at:

         Razrez Lopatinskiy
         Gornozavodsk, Shakhtovaya Str. 48
         694170, Sakhalin Region, Russia


RUS': Bankruptcy Hearing Slated for May 18
------------------------------------------
The Arbitration Court of Voronezh Region will convene at
10 a.m., on May 18, to hear the bankruptcy supervision procedure
on close joint stock company RUS' at:

         The Arbitration Court of Voronezh Region
         Room 601, Srednemoskovskaya Str. 77
         Voronezh Region, Russia
  
The case is docketed as #A14-29210-2005/193/20b.

Mr. E. Shur has been appointed temporary insolvency manager and
can be reached at:

         E. Shur
         Repyevskiy region, Ust-Muravlyanka
         396391, Voronezh Region, Russia

The Debtor can be reached at:

         Rus'
         Repyevskiy Region, Ust-Muravlyanka
         396391, Voronezh Region, Russia


STERLITAMAK AIRPORT: Court Begins Bankruptcy Supervision
--------------------------------------------------------
The Arbitration Court of Bashkortostan Republic has commenced
bankruptcy supervision procedure on Sterlitamak Airport.  The
case is docketed as A07-29260/05-G-ADM.  

Mr. I. Ishmukhametov has been appointed temporary insolvency
manager and can be reached at:

         I. Ishmukhametov
         Room 14, Ufa, Oktyabrskoy Revolyutsii Str. 65
         450057, Bashkortostan Republic, Russia

The Debtor can be reached at:

         Sterlitamak Airport
         Sterlitamak, Sterlitabashevskiy Trakt
         453113, Bashkortostan Republic, Russia


TOBOL: Bankruptcy Hearing Slated for April 25
---------------------------------------------
The Arbitration Court of Tyumen Region will convene on April 25,
to hear the bankruptcy supervision procedure on close joint
stock company Tobol (TIN 7206019103).  The case is docketed as
A70-14814/3-05.

Creditors are requested to submit their proofs of claim to
court-appointed insolvency manager Mr. N. Mikushin at:

         Room 52, Severnaya Str. 35
         625002, Tyumen Region, Russia

The Debtor can be reached at:

         Tobol
         Tobolsk, Oktyabrskaya Str. 20
         Tyumen Region, Russia


=========
S P A I N
=========


TERRA MITICA: 90% of Creditors Opt to Swap Debt for Equity
----------------------------------------------------------
Majority of Terra Mitica's creditors opted to exchange their
debt for the Company's shares, Expansion says.

Under the terms of the agreement, Bancaja and CAM Savings Banks
will increase their 20% stake in the company in the debt-for-
equity swap.  90% of the Company's creditors, which included
Banco Bilbao Vizcaya Argentaria and Spanish construction and
services groups FCC and ACS, will also convert at least some of
the debt owing to them into shares.

Other creditors, most of which are financial institutions, opted
to write off 50% of their loan in exchange for asset sale
proceeds on a land bordering on the park.  They will receive the
other half of their debt before Dec. 1, the paper added.

Terra Mitica -- http://www.terramiticapark.com/-- filed for  
insolvency in May 2004 after accumulating EUR218 million in
debts.


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


ACTILINE-M: Kyiv Court Opens Bankruptcy Proceedings
---------------------------------------------------
The Economic Court of Kyiv Region commenced bankruptcy
proceedings against LLC ACTILINE-M (code EDRPOU 33103780) on
Feb. 15, after finding the company insolvent.  The case is
docketed as 43/95.  

Mr. Roman Nesterenko has been appointed Liquidator/Insolvency
Manager.

CONTACT:  Actiline-M
          I. Kudri Str. 22-a
          01042, Ukraine, Kyiv Region

          Mr. Roman Nesterenko
          Liquidator/Insolvency Manager
          Sherbakov Str. 56/7, office 21
          Ukraine, Kyiv Region
  
          ECONOMIC COURT OF KYIV REGION:
          B. Hmelnitskij Boulevard 44-B
          01030, Ukraine, Kyiv Region


AMVROSIYIVKA' AGROBUD: Court Appoints Ivan Popov Liquidator
-----------------------------------------------------------
The Economic Court of Donetsk Region appointed Ivan Popov as
Liquidator/Insolvency Manager for LLC Amvrosiyivka' Agrobud
(code EDRPOU 03583640).

The Court commenced bankruptcy proceedings against the company
on Feb. 16, after finding it insolvent.  The case is docketed as
15/342 B.  

CONTACT:  Amvrosiyivka' Agrobud
          Amvrosiyivka, Ulyanivska Str. 51
          87303, Ukraine, Donetsk Region

          Mr. Ivan Popov
          Liquidator/Insolvency Manager
          86123, Ukraine, Donetsk Region
          Makiyivka, Tayozhna Str. 2
  
          Economic Court of Donetsk Region
          Artema Str. 157
          83048, Ukraine, Donetsk Region


BUDREM: Cherkassy Court Opens Bankruptcy Proceedings
----------------------------------------------------
The Economic Court of Cherkassy Region commenced bankruptcy
proceedings against Budrem (code EDRPOU 24420244) after finding
the company insolvent.  

Mr. V. Yatchuk has been appointed Liquidator/Insolvency Manager.

CONTACT:  Budrem
          Zelinskij Str. 14
          Ukraine, Cherkassy Region

          Mr. V. Yatchuk
          Liquidator/Insolvency Manager
          Sedov Str. 15/3
          18000, Ukraine, Cherkassy Region
  
          Economic Court of Cherkassy Region
          Shevchenko Avenue 307
          18005, Ukraine, Cherkassy Region


DONBAS: Donetsk Court Opens Bankruptcy Proceedings
--------------------------------------------------
The Economic Court of Donetsk Region commenced bankruptcy
proceedings against Agricultural LLC Donbas (code EDRPOU
30793938) on Feb. 15, after finding the company insolvent.  The
case is docketed as 42/181 B.  

Mr. O. Polishuk has been appointed Liquidator/Insolvency
Manager.

CONTACT:  Donbas
          Velikonovisilkivskij District
          Shevchenko, Shevchenko Str. 13
          85522, Ukraine, Donetsk Region

          Mr. O. Polishuk
          Liquidator/Insolvency Manager
          Vorovskij Str. 5/1
          83045, Ukraine, Donetsk Region

          Economic Court of Donetsk Region
          Artema Str. 157
          83048, Ukraine, Donetsk Region


PIVNICHNA ZIRKA: Court Names V. Yatchuk to Liquidate Assets
-----------------------------------------------------------
The Economic Court of Cherkassy Region appointed Mr. V. Yatchuk
as Liquidator/Insolvency Manager for LLC Pivnichna Zirka (code
EDRPOU 21389574).

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.

CONTACT:  Pivnichna Zirka
          Smilyanska Str. 44/422
          Ukraine, Cherkassy Region

          Mr. V. Yatchuk
          Liquidator/Insolvency Manager
          Sedov Str. 15/3
          18000, Ukraine, Cherkassy Region
  
          Economic Court of Cherkassy Region
          Shevchenko Avenue 307
          18005, Ukraine, Cherkassy Region


PROGRES: Zaporizhya Court Opens Bankruptcy Proceedings
------------------------------------------------------
The Economic Court of Zaporizhya Region commenced bankruptcy
proceedings against LLC PROGRES (code EDRPOU 03751391) on
Feb. 8, after finding the company insolvent.  The case is
docketed as 25/210.  

Sergij Vasiltsov has been appointed Liquidator/Insolvency
Manager.

CONTACT:  Progres
          Novomikolayivka District,
          Storchove, Centrana Str. 2
          70112, Ukraine, Zaporizhya Region

          Mr. Sergij Vasiltsov
          Liquidator/Insolvency Manager
          Berdyansk, Pratsi Avenue 33/55, Office 407
          71118, Ukraine, Zaporizhya Region

          Economic Court of Zaporizhya Region
          69001, Ukraine, Zaporizhya Region
          Shaumyana Str. 4


SPETSPOLIMER: Cherkassy Court Opens Bankruptcy Proceedings
----------------------------------------------------------
The Economic Court of Cherkassy Region commenced bankruptcy
proceedings against LLC Spetspolimer (code EDRPOU 25204063)
after finding the company insolvent.  

Mr. V. Yatchuk has been appointed Liquidator/Insolvency Manager.

CONTACT:  Spetspolimer
          Zhovtneva Str. 9
          Cherkassy District, Chervona Sloboda
          Ukraine, Cherkassy Region

          Mr. V. Yatchuk
          Liquidator/Insolvency Manager
          Sedov Str. 15/3
          18000, Ukraine, Cherkassy Region
  
          Economic Court of Cherkassy Region
          Shevchenko Avenue 307
          18005, Ukraine, Cherkassy Region


UKRAINE: Zaporizhya Court Opens Bankruptcy Proceedings
------------------------------------------------------
The Economic Court of Zaporizhya Region commenced bankruptcy
proceedings against LLC Ukraine (code EDRPOU 03751178) on
Feb. 8, after finding the company insolvent.  The case is
docketed as 25/209.

Sergij Vasiltsov has been appointed Liquidator/Insolvency
Manager.

CONTACT:  LLC Ukraine
          70100, Ukraine, Zaporizhya Region
          Novomikolayivka District
          Novoivankivka, Gritsenko Str. 1-a

          Sergij Vasiltsov
          Liquidator/Insolvency Manager
          71118, Ukraine, Zaporizhya Region
          Berdyansk, Pratsi Avenue, 33/55, office 407

          Economic Court of Zaporizhya Region
          69001, Ukraine, Zaporizhya Region
          Shaumyana Str. 4


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


1ST RELIABLE: Members Decide To Liquidate Company's Assets
----------------------------------------------------------
Members of 1st Reliable Limited decided to liquidate the
company's assets during an extraordinary general meeting on
Feb. 27.

They authorized M C Bowker, of Unity Corporate Recovery &
Insolvency, to lead liquidation proceedings.

1st Reliable Limited can be contacted:

         Seddon House
         Seddon Street
         Radcliffe Manchester
         M26 4TF
         Tel: 0161 724 7606


A J TAVERNS: Creditors Affirm Voluntary Liquidation
---------------------------------------------------
Creditors of A.J. Taverns (Properties) Limited affirmed the
company's voluntary liquidation after members passed a
resolution to wind up the company on Feb. 28.

Creditors also ratified the appointment of Robert W. Keating as
Liquidator.

A J Taverns (Properties) Limited can be reached at:

         Peel House
         Peel Road
         Skelmersdale Lancashire
         WN8 9PT
         Tel: 01695 724 214
         Fax: 01695 725 223


AA ENGINEERING: Taps Joint Administrators from Begbies Traynor
--------------------------------------------------------------
W. John Kelly and James P. N. Martin of Begbies Traynor were
appointed joint administrators of AA Engineering Design Limited
(Company Number 03561650) on March 29.

Headquartered in Manchester, Begbies Traynor --
http://www.begbies.com/-- assists companies, creditors,  
financial institutions and individuals on all aspects of
financial restructuring and corporate recovery.  

AA Engineering Design Limited -- http://www.aaengdesign.co.uk/
-- is a well respected producer of metal fabrications and
machinery in stainless and mild steel and is able to undertake
both large and small, new build and refurbishment contracts
nationwide.


ALPHA CLINIC: Winds Up Assets & Appoints Liquidator
---------------------------------------------------
The Alpha Clinic (Chester) Limited is winding up its operations
after members agreed to liquidate the company's assets on
March 2.

John C. Moran, of Parkin S. Booth & Co, was appointed
Liquidator.

The Alpha Clinic (Chester) Limited can be reached at:

         Tree Tops
         Mill Lane
         Willaston Neston Merseyside
         CH64 1RF
         Tel: 01244 316 622


ALUMINIUM SHOPFRONTS: Appoints PKF Administrator
------------------------------------------------
Edward T. Kerr and Ian J. Gould of PKF were appointed joint
administrators of Aluminium Shopfronts Limited (Company Number
03713988) on March 24.  

PKF (UK) LLP -- http://www.pkf.co.uk/-- specializes in advising  
the management of developing private and public businesses.  Its
principal services include assurance & advisory; corporate
finance; corporate recovery & insolvency; forensic; management
consultancy and taxation.  It also offers financial services
through its FSA authorized company, PKF Financial Planning
Limited.

Aluminium Shop -- http://www.aluminiumshopfronts.co.uk/-- was  
established in 1982.  The company is engaged in shop fitters.


ASF LIMITED: Holding Company Taps Joint Administrators from PKF
---------------------------------------------------------------
Edward T. Kerr and Ian J. Gould of PKF were appointed joint
administrators of holding company ASF Limited (Company Number
05201912) on March 24.

PKF (UK) LLP -- http://www.pkf.co.uk/-- specializes in advising  
the management of developing private and public businesses.  Its
principal services include assurance & advisory; corporate
finance; corporate recovery & insolvency; forensic; management
consultancy and taxation.  It also offers financial services
through its FSA authorized company, PKF Financial Planning
Limited.


ATRIUM TRAINING: Recruitment Agency Names Administrator
-------------------------------------------------------
R. D. Smailes and S. B. Ryman of Rothman Pantall & Co were
appointed joint administrators of Atrium Training Services Ltd
on March 29.

Rothman Pantall & Co -- http://www.rothman-pantall.co.uk/-- was  
established in 1955 as a general accountancy practice, and has
grown to its present 18 offices across the South of England. It
is one of the largest independent firms of Chartered Accountants
in the region, and rank in the top 40 in the United Kingdom.

Atrium Training Services Ltd (fka Options Employment Ltd) --
http://www.workwithoptions.com/-- is the largest recruitment  
consultants in the construction industry and have 1000's of job
vacancies, for both temporary contract work and quality
permanent full time vacancies.


BULLOUGH LIMITED: Brings In Joint Administrators From Deloitte
--------------------------------------------------------------
Neville Barry Kahn and Nicholas James Dargan of Deloitte &
Touche LLP were appointed joint administrators of:

   -- Bullough Limited (Company Number 539850);

   -- Greenwood & Wood Limited (Company Number 3456024);

   -- Pentos Office Furniture Limited (Company Number 1959624);
      and

   -- Tobull Limited (Company Number 4732079)

on March 27.  Its registered office is at 39 Cornhill, London
EC3V 3NU.

Headquartered in London, Deloitte & Touche LLP --
http://www.deloitte.com/-- is the United Kingdom member firm of  
Deloitte Touche Tohmatsu, a Swiss Verein whose member firms are
separate and independent legal entities.  It provides audit,
tax, consulting and corporate finance services through more than
9,000 people in 21 locations.  

Headquartered in Leatherhead, United Kingdom, Bullough Limited
and its affiliates manufacture office furniture and library
equipment, raised computer and office floors, shop display
equipment, refrigerated systems and refrigerated cabinets,
alternators, flameproof electric motors and specialized small
electric motors.  Bullough also manufactures agricultural
machinery equipment and supplies office equipment.


CARRE PLC: Names Administrators from Vantis to Administer Assets
----------------------------------------------------------------
Nicholas Hugh O'Reilly and Geoffrey Paul Rowley of Vantis were
appointed joint administrators of Carre Plc (Company Number
03092667) on March 22.

Headquartered in West Sussex, Vantis Numerica (nka Vantis plc) -
- http://www.vantisplc.com/-- provides accounting, business and  
tax advisory services in the United Kingdom.

Carre -- http://www.carreplc.co.uk/-- has been established for  
over a decade, initially specializing in the manufacture of
P.O.S. timber checkouts, service desks, counters and reception
desks for the retail market.


CIT PRINTING: Taps Joint Administrators From BDO Stoy Hayward
-------------------------------------------------------------
Graham David Randall and Mark Peter George Roach of BDO Stoy
Hayward LLP were appointed joint administrators of CIT Printing
Services Limited (Company Number 03557959) on March 28.

BDO Stoy Hayward -- http://www.bdo.co.uk/-- is the UK member  
firm of BDO International, the world's fifth largest accountancy
network with more than 600 offices in 100 countries.  Its
services include: audit and assurance, business restructuring,
corporate finance, disputes and investigations, investment
management, risk assurance services, tax services, and
valuations.

C I T Printing Services can be reached at:

         Press Buildings
         Old Hakin Road
         Haverfordwest, Dyfed
         SA61 1XE
         Tel: 01437772200   


COMCATCO LIMITED: Creditors' Meeting Set for April 18
-----------------------------------------------------
Creditors of Comcatco Limited (Company Number 04484716) will
meet at 12 p.m., on April 18, at:

         UHY Hacker Young
         St Alphage House
         2 Fore Street
         London EC2Y 5DH

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims at 12 p.m., on April 17, to:

         Andrew Andronikou
         Joint Administrator
         UHY Hacker Young  
         St Alphage House
         2 Fore Street
         London EC2Y 5DH
         Tel: 020 7216 4600
         Fax: 020 7638 2159

Comcatco Ltd can be reached at:

         The Food Court, The Harlequin
         Watford, Hertfordshire
         WD17 2TA  
         Tel: 01923 237203


DISS-TRIBUTION LIMITED: Names Haines Watts to Administer Assets
---------------------------------------------------------------
Andrew Appleyard of Haines Watts was appointed administrator of
Diss-Tribution Limited (Company Number 03321707) on March 27.  
Its registered office is at 5th Floor, Canterbury House, 85
Newhall Street, Birmingham B3 1LH.

Haines Watts -- http://www.hwca.com/-- is a national UK  
business advisory and accountancy firm with a network of
practices strategically placed throughout England, Wales and
Scotland, offering tax and general business advice.  Its
experienced tax accountants, business advisors and special
service teams will help its clients with every aspect of its
business.

Diss Tribution Ltd can be reached at:

         Old School House
         Market Hill
         Brandon, IP27 0AA
         Tel: 01379 741886


EDGE & THOMPSON: Appoints DTE Leonard Curtis Administrator
----------------------------------------------------------
A. Poxon and J. M. Titley of DTE Leonard Curtis were appointed
joint administrators of Edge & Thompson Limited (Company Number
02634132) on March 30.

DTE Leonard Curtis -- http://www.dtegroup.com/-- offers tax  
consultancy, company secretarial services, corporate finance,
corporate recovery, turnaround, forensic accounting, financial
services and insurance & risk management.

Edge & Thompson Ltd offers general construction and demolition
services and can be reached at:

         Unit 9, Cocker Avenue
         Poulton-Le-Fylde, Lancashire
         FY6 8JU
         Tel: 01253885887   


R P SOLUTIONS: Winds Up Business & Appoints Liquidator
------------------------------------------------------
R.P. Solutions Limited is liquidating its assets after members
passed a resolution to wind up the company on Feb. 28.

Alisdair J. Findlay, of Findlay James, was appointed Liquidator.

Chairman O.J. B. Taylor disclosed the company could no longer
continue its operations due to mounting debts.

R.P. Solutions Limited can be reached at:

          Unit 10 Dencora Way
          Montpelier Business Park
          Ashford Kent
          TN23 4FG
          Tel: 01233 663 330
          Fax: 01233 663 331
          Web: http://www.timerapid.co.uk/


ROCK STEADY: Members Resolve to Voluntary Liquidation
-----------------------------------------------------
Rock Steady Training Limited is winding up its operations after
members resolved to company's voluntary liquidation on March 1.

Edwin James Kirkwood was appointed Liquidator.

Rock Steady Training Limited can be reached at:

          The Fishergate Centre
          4 Fishergate
          York
          YO1 04FB
          Tel: 01904 635 647
          Fax: 01904 635 672
          Web: http://www.rocksteadytraining.co.uk/


S W BUILDERS: Joint Liquidators Lead Bankruptcy Proceedings
-----------------------------------------------------------
Robert Derek Smalles and Stephen Blandford Ryman, of Rothman
Pantall & Co, were appointed Joint Liquidators of S.W. Builders
Limited after members found out that the company could no longer
continue its business due to mounting debts.

S W Builders Limited can be reached at:

        Unit 14
        Weston Industrial Estate
        Honeybourne Evesham Worcestershire
        WR11 7QB
        Tel: 01386 841 661
        Fax: 01386 841 994


SANCTUARY GROUP: Names Bob Ayling As Chairman
---------------------------------------------
The Sanctuary Group, revealed the appointment of Bob Ayling as
Chairman.  In addition, James Wallace was appointed as non-
executive Director.

This follows the EGM announcement on March 17, that the Group
completed a EUR100 million fundraising.  This restored the
Group's balance sheet and created a stronger foundation for the
business going forward.

Following these changes, the Board will consist of Bob Ayling,
Andy Taylor, Paul Wallace, James Wallace, Tina Sharp, and Johnny
Greenall.

It is the Board's intention to appoint another non-executive
Director in due course.

In addition, following a competitive process, the Board proposed
to appoint KPMG Audit PLC as Sanctuary's auditors, subject to
shareholder approval at the AGM, which will be held on April 28.

Bob Ayling is a solicitor and practiced in the City and as a
senior government legal adviser over almost 20 years.  He was
previously Chief Executive of British Airways and is currently
Vice-Chairman of vacuum cleaner manufacturer Dyson and
Chairman of Holidaybreak.

James Wallace is Chairman of Bodycote, Chairman of The Lowry
Centre in Manchester and a non-executive Director of both
Holidaybreak and NCC Group.

Chief Executive, Andy Taylor disclosed, "I am delighted that Bob
has agreed to become Chairman of Sanctuary and that James has
joined the Board.  These appointments strengthen the Board
significantly and will provide the additional controls,
governance and guidance that should allow the Group to deliver
improved performance."

Bob Ayling expressed, "I am very pleased to be joining Sanctuary
at this important moment in the Group's history.  Before its
recent troubles, Sanctuary was successful over many years.  The
new Board is determined that it should be successful again."

"While costs have been cut and the balance sheet has been
repaired, the Group has retained talented people, valuable
assets and an impressive roster of artists.  Within a strong
governance framework established by the new Board, management
will work to drive the business to deliver the results of which
it is capable.  My priorities are to ensure proper standards of
corporate governance and financial transparency and ensure the
Group delivers appropriate levels of performance.  With the new
Board in place, I am optimistic that we can achieve these goals,
although it may take time to do so," he concluded.

Mr. Ayling declared that he was a director of Royal & Sun
Alliance Insurance Group PLC until Aug. 11, 2004.  Mr. Ayling
had nothing further to declare in relation to paragraph 9.6.13
of the Listing Rules.

Mr. Wallace declared that he was a director of Pifco Holdings
PLC and subsidiaries until June 4, 2001.  Mr. Wallace was a
director of Capital Assets Limited a then dormant subsidiary of
Pifco Holdings PLC, his then employer, which went into
compulsory liquidation in 1995 for sums that were not material.
Capital Assets Limited has now been dissolved and the
outstanding balance to creditors was nil.  Mr. Wallace had
nothing further to declare in relation to paragraph 9.6.13 of
the Listing Rules.

                       About the Company

Based in London, The Sanctuary Group PLC --
http://www.sanctuarygroup.com/-- is one of the world's leading  
developers of music intellectual property rights (IPR), with
offices in New York, Berlin, Houston and Los Angeles.  In 2004,
Sanctuary recorded a turnover of GBP221 million and a group
profit of GBP16.1 million.

                        *     *     *

On Sept. 21, 2005, due to a number of operational and trading
problems, the company said it is likely to generate a loss at
EBITDA level before exceptional items such as restructuring
costs and provisions.  The Group has also suffered from recent
negative commentary as a result of poor trading in 2005 and this
has had an adverse impact in particular in the Records division.  
It would be looking at disposals of a number of non-core
businesses, following the completion of the sale of its Book
Publishing division to Music Sales.  


STRONGROOM LIMITED: Names Tenon Recovery Administrator
------------------------------------------------------
Patrick Ellward and Dilip K. Dattani of Tenon Recovery were
appointed joint administrators of Strongroom Limited (Company
Number 01826257) on March 28.  Its registered office is at
Charnwood House, Gregory Boulevard, Nottingham NG7 6NX.

Tenon Recovery -- http://www.tenongroup.com/-- provides  
accounting and business advice to owner-managed and private
business.

Strongroom Limited -- http://www.strongroom.com/-- is a  
recording studio.


SILVERSCREEN LIMITED: Administrators Begin Asset Sale Process
-------------------------------------------------------------
The Joint Administrators, Andrew J. Pepper and Peter M. Saville,
of Kroll Limited, seek expressions of interest for either
investors in the business or purchasers of the business and
assets of Silverscreen Limited as a going concern:

Features:

   -- 65 Stores nationwide, including head office;
   -- Significant leasehold property portfolio;
   -- Forecast turnover approximately GBP65 million;
   -- Stock at cost approx. GBP10 million;
   -- Approximately 650 employees.

Inquiries can be addressed to:

         Matt Bond
         E-mail: mbond@krollworldwide.com
         Tel: 020 7029 5000
         Fax: 020 7029 5001

         Claire Smith
         E-mail: claresmith@krollworldwide.com
         Tel: 020 7029 5000
         Fax: 020 7029 5001

                        About Kroll Limited

Kroll Limited -- http://www.krollworldwide.com/-- offers risk  
consulting services worldwide.  The firm is an operating unit of
Marsh & McLennan Companies, Inc., the global professional
services firm.  Kroll's services include corporate advisory and
restructuring, financial accounting, valuation and litigation,
electronic evidence and data recovery, business intelligence and
investigations, background screening, and security services.


SWINGBLUE LTD: Taps Andreas Georgiou Kakouris as Liquidator
-----------------------------------------------------------
Andreas Georgiou Kakouris was appointed Liquidator of Swingblue
Ltd after members decided to liquidate the company's assets on
March 3.

Chairman S. Panayiotou disclosed that the company could no
longer continue its operations due to financial liabilities.

Swingblue Ltd can be reached at:

         1 Queens Parade
         Brownlow Road
         London
         N11 2DN
         Tel: 020 8881 2424


TAILOR MADE: Claims Registration Ends June 1
--------------------------------------------
Tailor Made Windows Doors & Conservatories Limited voluntarily
liquidates its assets after members passed a resolution to wind
up the company on Feb. 27.

Appointed Joint Liquidators, Richard A B Saville and Paul
Finnity, of Begbies Traynor, required creditors to send in their
full names, addresses and descriptions, full particulars of
debts or claims, and the names and addresses of Solicitors (if
any) on or before June 1.

Tailor Made Windows Doors & Conservatories Limited can be
contacted at:

         251 Toton Lane
         Stapleford Nottingham Nottinghamshire
         NG9 7JA
         Tel: 0115 939 4030
         Fax: 0115 949 0222
         Web: http://www.taylormadeconservatories.com/


TIM BUTLER: Claims Filing Period Ends May 21
--------------------------------------------
Creditors of Tim Butler Contractors Limited have until May 21,
to send in their full names, addresses and descriptions, full
particulars of debts or claims, and the names and addresses of
Solicitors (if any) to appointed Joint Liquidator Daniel Paul
Hennessy.

Tim Butler Contractors Limited can be contacted at:

         Middleton Road
         Middleton Morecambe Lancashire
         LA3 3JJ
         Tel: 01524 855 556
         Fax: 01524 855 504


TRIANCO GROUP: Brings In Joint Administrators From Baker Tilly
--------------------------------------------------------------
Geoffrey Lambert Carton-Kelly and Bruce Alexander Mackay of
Baker Tilly were appointed joint administrators of Trianco Group
Limited (Company Number 1721093) and Trianco Limited (Company
Number 957021) on March 29.

Headquartered in Birmingham, Baker Tilly --
http://www.bakertilly.co.uk/-- is a leading independent firm of  
chartered accountants and business advisers in the United
Kingdom. The firm's annual fee income is over GBP168 million and
is part of a global network, which has 122 member firms in 85
countries as an independent member of Baker Tilly International.

Trianco Group Ltd manufactures heating equipment and can be
reached at:

        Thorncliffe Indstl. Est
        Chapeltown, Sheffield
        South Yorkshire S35 2PZ
        Tel: 01142572300   


UK TRAVEL: Liquidator Sets April 21 Claims Bar Date
---------------------------------------------------
Members of UK Travel Solutions Limited passed a resolution to
wind up the company on March 2.

Appointed Liquidator, Rosalind Mary Hilton, of Adcroft Hilton,
required creditors to send in their full names, addresses and
descriptions, full particulars of debts or claims, and the names
and addresses of Solicitors (if any) on or before April 21.

UK Travel Solutions Limited can be reached at:

         35 Springfield Road
         Blackpool Lancashire
         FY1 1PZ
         Tel: 01253 750 183
         Web: http://www.uktravelsolutions.com/


* Sir Digby Jones to Join Deloitte as Industries Group Chairman
---------------------------------------------------------------
Deloitte, the Business Advisory firm, appointed Sir Digby Jones
as Chairman of the Deloitte Industries Group and a senior
adviser to CEO John Connolly.  This will become Mr. Jones'
primary role when he completes his six and a half years as
Director-General of the CBI at the end of June.

John Connolly, Senior Partner and Chief Executive at Deloitte,
commented "We are extremely pleased to announce Sir Digby's
appointment.  In his role as Director-General of the CBI, Sir
Digby has been widely recognized for his superb representation
of UK business, both in the UK and internationally.  Through his
broad experience, personality and powerful advocacy, he has been
an important voice of both large and small business.

"In this new role with Deloitte, Sir Digby will be working with
our Industry Leaders and the Lead Partners responsible for major
clients, ensuring we continue to bring innovative ideas and
value to our clients.  Other industry specific appointments will
follow in the future."

Mr. Jones said, "I am delighted to be joining Deloitte and
especially to take on a role which will enable me to continue
making a strong contribution to the success of UK business.   
Deloitte has differentiated itself in the business advisory
market, especially with a unique business model in terms of the
range and depth of the skills it brings to the market.  The firm
has a reputation for being solutions oriented and I look forward
to contributing the Business insights gained from my CBI
experience to help Deloitte clients succeed."

Deloitte & Touche LLP provides audit, tax, consulting and
corporate finance services.  Deloitte & Touche LLP is the United
Kingdom member firm of Deloitte Touche Tohmatsu, a Swiss Verein
whose member firms are separate and independent legal entities.   
Neither DTT nor any of its member firms has any liability for
each other's omissions.  Services are provided by member firms
or their subsidiaries and not by DTT.  Deloitte & Touche LLP is
authorized and regulated by the Financial Services Authority.  

                            *********

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.  Jazel Laureno, Liv Arcipe, Julybien Atadero, and
Carmel Paderog, Editors.

Copyright 2006.  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 * * *