TCREUR_Public/070205.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

             Monday, February 5, 2007, Vol. 8, No. 25

                            Headlines


A U S T R I A

DKFM. A. TREE: Claims Registration Period Ends February 20
GELBES HAUS: Claims Registration Period Ends March 6
IGMA HANDELS: Claims Registration Period Ends March 7
MEGS IMMOBILIEN: Creditors' Meeting Slated for March 6
OSWALD WERKZEUGTECHNIK: Claims Registration Period Ends Feb. 28

PERNER LLC: Claims Registration Period Ends February 21


F R A N C E

ALCATEL-LUCENT: Antonio Beato Teixeira to Head Portuguese Unit


G E R M A N Y

ACS TOURISTIK: Claims Registration Ends February 12
ADAXXA GMBH: Creditors' Meeting Slated for March 7
AMBULANTER PFLEGEDIENST: Claims Registration Ends March 2
ARS SPORTIVI: Claims Registration Ends March 15
BENQ CORP: Mobile Phone Unit Shuts Down Kamp-Lintfort Factory

FREE FILM: Claims Registration Ends February 7
HANS FELDNER: Claims Registration Ends February 20
HARRY TIEDE: Claims Registration Ends February 9
HERMGES BUEROORGANISATION: Claims Registration Ends February 21
HOLZBE-UND-VERARBEITUNG: Creditors Must File Claims by Feb. 26

IMMO MUELLER: Creditors Must Register Claims by February 20
JAGGI DACH-BAU: Creditors Meeting Slated for February 26
KLG HAUS: Creditors Must Register Claims by February 21
LINEA 3 BAU: Creditors Must Register Claims by February 15
MARHOLDT REPRODUKTIONSTECHNIK: Claims Registration Ends March 16

NESSELTAL WERNIGERODE: Claims Registration Ends February 19
OFFSETDRUCK HILLEBRAND: Claims Registration Ends February 24
OLYMPIC BAUUNION: Claims Registration Ends February 26
PROBAU BAUDEKORATION: Claims Registration Ends February 15
SCHULTE TIEFBAUHANDEL: Claims Registration Ends March 12

SERFLING GALA: Claims Registration Ends March 1
RGP ROTTALER: Claims Registration Ends March 9
QUARTEC GMBH: Claims Registration Ends March 9
SPORTMARKT SELLNER: Claims Registration Ends February 22
TECCO METALTEC: Claims Registration Ends February 20

TEGO-BAU GMBH: Claims Registration Ends March 5
TIFFINGER GMBH: Claims Registration Ends March 9
TOLLGREVE BAU: Claims Registration Ends February 27
VICTORY MEDIA: Claims Registration Ends March 8
VOENIX 156: Creditors' Meeting Slated for March 6

WUERFEL & PARTNER: Claims Registration Ends February 20
XTREM-NET: Claims Registration Ends March 22


H U N G A R Y

BORSODCHEM NYRT: Returned Shares Hike Treasury Stock
BORSODCHEM NYRT: Higher Debt Load Cues Fitch to Cut Rating to B+
FORTEINVEST KFT: May Close; Bergger, FilmoTec Plan Acquisition


I T A L Y

ALITALIA SPA: Traffic Figures Slide in December 2006
PARMALAT SPA: Has Until Oct. 30 to Sell Two Brands


K A Z A K H S T A N

ALTYN NUR: Claims Registration Ends March 9
LACOS ENGINEERING: Creditors' Claims Due March 9
LLP JENIS: Creditors Must File Claims By March 9
LLP JULDYZ: Claims Registration Ends March 16
LLP ZAISAN: Claims Registration Ends March 9

KAZTRANSCOM SK: Creditors Must File Claims By March 16
TIMUR-TECHSERVICE: Creditors' Claims Due March 16
VERTEX-BLASTING: Claims Registration Ends March 16
ZAVOD PENOSTEKLOIZOL: Creditors Must File Claims By March 16


K Y R G Y Z S T A N

AK TILEK-A LLC: Public Auction Slated for February 12
TUNGUCH OJSC: Creditors' Meeting Slated for February 15


N E T H E R L A N D S

KONINKLIJKE AHOLD: SEC Accuses 13 More People of Fraud at US Arm
KONINKLIJKE AHOLD: Posts EUR44.9 Billion Net Sales for 2006


P O R T U G A L

ALCATEL-LUCENT: Antonio Beato Teixeira to Head Portuguese Unit


R U S S I A

AGRO-SNAB-SERVICE OJSC: Creditors Must File Claims by March 13
ALTAIR CJSC: Creditors Must File Claims by Feb. 13
AMBER CJSC: Creditors Must File Claims by Feb. 13
BRYANSK-STROY-COM: Asset Bidding Deadline Slated for February 10
CENTERTELECOM OAO: Forecasts RUR2.6 Billion Net Profit for 2007

CROCUS LLC: Creditors Must File Claims by Feb. 13
GAS-ENERGO OJSC: Creditors Must File Claims by March 13
OMSKIY GROATS: Creditors Must File Claims by March 13
PILOT LLC: Creditors Must File Claims by Feb. 13
PONOMAREVSKAYA MACHINE-TECHNOLOGICAL: Claims Filing Ends Feb. 13

SHATURSKAYA GARMENT: Creditors Must File Claims by Feb. 13
TMK OAO: Shareholders Okay Revised Management Board Regulations
TRANS-SERVICE CJSC: Creditors Must File Claims by Feb. 13
TUIMSKIY FACTORY: Creditors Must File Claims by Feb. 13
TULA-SPIRIT LLC: Creditors Must File Claims by March 13

VESTA CJSC: Creditors Must File Claims by March 13
VYSOKOYASKOYE CJSC: Creditors Must File Claims by March 13
YUKOS OIL: PKN Orlen Withdraws RUR2.9 Billion Bankruptcy Claim


S W I T Z E R L A N D

DVP LLC: Aargau Court Starts Bankruptcy Proceedings
ERNST GERBER: Creditors' Liquidation Claims Due March 1
GENERALBAU MATHIS: Creditors' Liquidation Claims Due February 21
GIPSERGESCHAFT MORINA: Aargau Court Starts Bankruptcy Process
INSTITUT VITAL: Creditors' Liquidation Claims Due February 23

LUST-KICK BETRIEBS: Creditors' Liquidation Claims Due Feb. 23
MSS TECHNIK: Aargau Court Starts Bankruptcy Proceedings
NOVA CHEMICALS: Moody's Puts Ba3 Debt Ratings on Review
QUEENS BETRIEBS: Creditors' Liquidation Claims Due February 23
SWISSAIR: UBS Denies Corti's Claim that Plan "Strangled" Company

V.R.S. SICHERHEITSDIENST: Court Starts Bankruptcy Proceedings
VEREINIGTE ZIEGELEIEN: Creditors' Liquidation Claims Due Feb. 15


U K R A I N E

ARADON LLC: Creditors Must Submit Claims by February 16
DNIEPR METAL: Creditors Must Submit Claims by February 16
ELTEX LLC: Creditors Must Submit Claims by February 16
MEYHER-K LLC: Creditors Must Submit Claims by February 16
TRANSLINE LLC: Creditors Must Submit Claims by February 16

UKRSOTSBANK: Loan Participation Notes Gets Fitch's B- Rating


U N I T E D   K I N G D O M

A CLARKE: Creditors' Meeting Slated for February 13
ADVANCED MARKETING: Has Until March 9 to File Schedules
ALLIED INSTALLATION: Creditors' Meeting Slated for February 8
ALMIT BRICKWORK: Creditors' Meeting Slated for February 20
ANDREW WEIR: U.K. High Court Issues Winding Up Order

ARRAN FUNDING: Moody's Assigns Ba1 Rating on US$112.89-Mln Notes
BAA PLC: Readies US$15.7-Bln Airport Assets to Back Bond Issue
BAA PLC: Names D. Johnston as Scotland Unit's Managing Director
BIFROST INVESTMENTS: Fitch Affirms Class 10D Notes at BB+
CABLE & WIRELESS: Has 2,384,239,440 Voting Rights as at Jan. 31

COLLINS & AIKMAN: Files List of Multi-Debtor Claims
COLLINS SERVICES: Creditors' Meeting Slated for February 7
COLLINS STEWART: Fitch Cuts GBP150-Million Debt Rating to BB-
COMPASS GROUP: Buys 1 Million Ordinary Shares for Cancellation
CROXLEYS LTD: Creditors' Meeting Slated for February 23

DOPPLER LIFT: Creditors' Meeting Slated for February 23
E. T. KNAGG: Creditors' Meeting Slated for February 13
FDS PROPERTY: Creditors' Meeting Slated for February 6
GAINSBOROUGH QUALITY: Creditors' Meeting Slated for February 13
GENERAL MOTORS: Wants Increase in Battery Tech Research Funding

GENERAL MOTORS: Recalls 100,000 Chevrolet Cobalt Small Sedans
HOTTUBS DIRECT: Names Antony Robert Fanshawe as Administrator
HPS PRINTING: Creditors' Meeting Slated for February 8
HURST PARNELL: Brings In KPMG as Joint Administrators
INXS LTD: Appoints Begbies Traynor as Joint Administrators

J L SWEETMAN: Appoints Begbies Traynor to Administer Assets
LADBROKES PLC: Hikes Issued Share Capital to 628,127,545
MASTER WEAVERS: Creditors' Meeting Slated for February 16
MINERVA INTERNATIONAL: Taps BDO Stoy to Administer Assets
MISYS PLC: Transfers 12,225 Ordinary Shares Held in Treasury

MORGAN & FONE: Creditors' Meeting Slated for February 9
NEW SOUND: Creditors' Meeting Slated for February 8
NWD GROUP: Brings In Joint Administrators from Moore Stephens
ORIENTAL EXPRESS: Appoints Administrators from BDO Stoy
OTTAWAY INTERIORS: Brings In Administrators from Begbies Traynor

P A BEVERIDGE: Taps Menzies to Administer Assets
P M S NEWS: Taps Recovery hjs as Joint Administrators
PROVENTUS EUROPEAN: S&P Assigns B Rating to Class F Notes
RBA PLASTICS: Appoints KPMG as Joint Administrators
RUSSELLTON LTD: Creditors' Meeting Slated for February 9

SEA CONTAINERS: Train Unit Recognized for High Standard Stations
SISTRA LTD: Creditors' Meeting Scheduled for February 13
SOLUTIA INC: Wants Plan-Filing Period Extended Through June 29
VANTAGE TECHNOLOGIES: Creditors' Meeting Slated for February 21
WILLIAMS PRECISION: Creditors' Meeting Slated for February 14

WILTSHIRE INT'L: Creditors' Meeting Slated for February 12
WINCANTON PLC: Sept. 30 Balance Sheet Upside-Down by GBP20.2 Mln
WINCANTON PLC: Has 120,145,932 Total Voting Rights as at Jan. 31
WINDMILL MACHINE: Creditors' Meeting Scheduled for February 19

                            *********

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


DKFM. A. TREE: Claims Registration Period Ends February 20
----------------------------------------------------------
Creditors owed money by LLC Dkfm. A. Tree (FN 78690x) have until
Feb. 20 to file written proofs of claim to out-of-court
settlement manager Guenther Hoedl at:

         Dr. Guenther Hoedl
         Schulerstrasse 18
         1010 Vienna, Austria
         Tel: 513 16 55
         Fax: 513 16 55-33
         E-mail: Hoedl@anwaltsteam.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 p.m. on March 6 to consider the
adoption of the rule by out-of-court settlement.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1607
         Vienna, Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 15 (Bankr. Case No. 28 Sa 1/07m).


GELBES HAUS: Claims Registration Period Ends March 6
----------------------------------------------------
Creditors owed money by LLC Gelbes Haus (FN 115444x) have until
March 6 to file written proofs of claim to court-appointed
estate administrator Michael Kadlicz at:

         Mag. Michael Kadlicz
         Domplatz 16
         2700 Wiener Neustadt, Austria
         Tel: 02622/81624
         Fax: 02622/81624-2
         E-mail: office@auer-kadlicz.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on March 20 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Wiener Neustadt
         Room 15
         Wiener Neustadt, Austria

Headquartered in Wiener Neustadt, Austria, the Debtor declared
bankruptcy on Jan. 15 (Bankr. Case No. 11 S 3/07p).


IGMA HANDELS: Claims Registration Period Ends March 7
-----------------------------------------------------
Creditors owed money by LLC IGMA Handels (FN 240882p) have until
March 7 to file written proofs of claim to court-appointed
estate administrator Thomas Engelhart at:

         Dr. Thomas Engelhart
         c/o Mag. Clemens Richter
         Esteplatz 4
         1030 Vienna, Austria
         Tel: 712 33 30
         E-mail: kanzlei@engelhart.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:50 a.m. on March 21 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1707
         Vienna, Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 15 (Bankr. Case No. 2 S 7/07b).  Clemens Richter
represents Dr. Engelhart in the bankruptcy proceedings.


MEGS IMMOBILIEN: Creditors' Meeting Slated for March 6
------------------------------------------------------
Creditors owed money by LLC MEGS Immobilien Consulting (FN
277160p) are encouraged to attend the creditors' meeting at
10:15 a.m. on March 6 for examination of claims.

The creditors' meeting will be held at:

         Trade Court of Vienna
         Room 1607
         Vienna, Austria

Creditors have until March 20 to file written proofs of claims
to court-appointed estate administrator Beate Holper at:

         Mag. Beate Holper
         Gonzagagasse 15
         1010 Vienna, Austria
         Tel: 533 28 55
         Fax: 533 28 55-28
         E-mail: office@anwaltwien.at

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 15 (Bankr. Case No. 28 S 3/07f).


OSWALD WERKZEUGTECHNIK: Claims Registration Period Ends Feb. 28
---------------------------------------------------------------
Creditors owed money by LLC Oswald Werkzeugtechnik (FN 84561f)
have until Feb. 28 to file written proofs of claim to court-
appointed estate administrator Peter Shamiyeh at:

         Dr. Peter Shamiyeh
         c/o Mag. Gudrun Pixner
         Hopfengasse 23
         4020 Linz, Austria
         Tel: 0732/667326
         Fax: 0732/667320-942
         E-mail: p.shamiyeh@wildmoser-koch.com
                 g.pixner@wildmoser-koch.com

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 p.m. on March 12 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Linz
         Room 522
         Fifth Floor
         Linz, Austria

Headquartered in Linz, Austria, the Debtor declared bankruptcy
on Jan. 12 (Bankr. Case No. 12 S 8/07z).  Gudrun Pixner
represents Dr. Shamiyeh in the bankruptcy proceedings.


PERNER LLC: Claims Registration Period Ends February 21
-------------------------------------------------------
Creditors owed money by LLC Perner (FN 110721a) have until
Feb. 21 to file written proofs of claim to court-appointed
estate administrator Gerald Hegenbart at:

         Mag. Gerald Hegenbart
         Kaiser Franz Ring 13
         2500 Baden bei Wien, Austria
         Tel: 02252/85500
         Fax: 02252/42577
         E-mail: office@advocat-baden.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:45 a.m. on March 7 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Wiener Neustadt
         Room 15
         Wiener Neustadt, Austria

Headquartered in Triestingtal, Austria, the Debtor declared
bankruptcy on Jan. 12 (Bankr. Case No. 10 S 3/07f).


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


ALCATEL-LUCENT: Antonio Beato Teixeira to Head Portuguese Unit
--------------------------------------------------------------
Alcatel-Lucent appointed Antonio Beato Teixeira to lead its
activities in Portugal with responsibility for all local company
activities.

He will report to Alfredo Redondo, who leads the Alcatel-Lucent
Iberian Regional Unit

Prior to this appointment, Antonio Beato Teixeira was general
manager for Nortel in charge of the Vodafone account in
Portugal, Eastern Europe, the Middle East and Africa.
From 1999 to 2002, he was Technology and Network vice president
of Telesystem International Wireless (TIW) in Brazil.  He had
previously held various management positions for Vodafone
Portugal and Portugal Telecom, having initiated his professional
career with I.T.T.-Standard Eléctrica in Portugal.

Born in Lisbon, Antonio Beato Teixeira graduated from the
Instituto Superior Tecnico of Lisbon as a telecom and
electronics engineer, before taking post graduation degrees at
the Universidade Catolica in Lisbon and at the Harvard Business
School in Cambridge, U.S.

                      About Alcatel-Lucent

Headquartered in Paris, France, Alcatel-Lucent
-- http://www.alcatel-lucent.com/-- provides solutions that
enable service providers, enterprises and governments worldwide,
to deliver voice, data and video communication services to end
users.  Through its operations in fixed, mobile and converged
broadband networking, Internet protocol (IP) technologies,
applications, and services, Alcatel-Lucent offers the end-to-end
solutions that enable communications services for people at
home, at work and on the move.

On Nov. 30, 2006, Alcatel and Lucent Technologies Inc. completed
their merger transaction, and began operations as a
communication solutions provider under the name Alcatel-Lucent
on Dec. 1, 2006.

                          *     *     *

As of Feb. 1, Alcatel-Lucent carries these ratings:

Moodys:

   * Alcatel

   -- Corporate Family Rating: Ba2
   -- Senior Debt ratings: Ba2
   -- short-term debt: Not-Prime

   * Lucent

   -- Corporate Family Rating: B1 (withdrawn)
   -- Senior Debt ratings: B1
   -- Subordinated debt & trust preferreds ratings: B2
   -- Preferred Stock Issuable: P(B3)

Standard & Poor's:

   -- Long-Term Corporate Credit Rating: BB-
   -- Short-Term Corporate Credit Rating: B
   -- Senior Unsecured Debt Ratings: BB-
   -- Outlook: positive.

Fitch Ratings:

   * Alcatel

   -- Issuer Default Rating: BB
   -- Senior Unsecured Debt: BB


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


ACS TOURISTIK: Claims Registration Ends February 12
---------------------------------------------------
Creditors of acs touristik GmbH have until Feb. 12 to register
their claims with court-appointed insolvency manager Manuel Ast.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on March 6, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Nuremberg
         Meeting Room 152/I
         Flaschenhofstr. 35
         Nuremberg
         Germany

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

The insolvency manager can be reached at:

         Manuel Ast
         Archivstr. 3
         90408 Nuremberg
         Germany
         Tel: 0911/59781-22
         Fax: 0911/59781-44

The District Court of Nuremberg opened bankruptcy proceedings
against acs touristik GmbH on Jan. 16.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         acs touristik GmbH
         Attn: Geekiyanage Senadeera Gunawardena, Manager
         Ostendstr. 193
         90482 Nuremberg
         Germany


ADAXXA GMBH: Creditors' Meeting Slated for March 7
--------------------------------------------------
The court-appointed insolvency manager for ADAXXA GmbH, Detlef
Ruediger Beckmann, will present his first report on the
Company's insolvency proceedings at a creditors' meeting at
11:55 a.m. on March 7.

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

         The District Court of Charlottenburg
         II. Stock Hall 218
         District Court Place 1
         14057 Berlin
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 11:35 a.m. on June 6 at the same venue.

Creditors have until April 13 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Detlef Ruediger Beckmann
         Lietzenburger Strasse 77
         10719 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against ADAXXA GmbH on Jan 15.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         ADAXXA GmbH
         Kurfuerstenstrasse 79
         10787 Berlin
         Germany


AMBULANTER PFLEGEDIENST: Claims Registration Ends March 2
---------------------------------------------------------
Creditors of Ambulanter Pflegedienst GmbH have until March 2 to
register their claims with court-appointed insolvency manager
Rechtsanwalt Michael Wilkens.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on April 2, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court Schwerin
         Hall 7
         Demmlerplatz 14
         Schwerin
         Germany

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

The insolvency manager can be reached at:

         Rechtsanwalt Michael Wilkens
         Elbchaussee 140
         22763 Hamburg
         Germany

The District Court of Schwerin opened bankruptcy proceedings
against Ambulanter Pflegedienst GmbH on Jan. 15.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Ambulanter Pflegedienst GmbH
         Attn: Annelore Kahl, Manager
         Rahlstedter Street 2/119
         19057 Schwerin
         Germany


ARS SPORTIVI: Claims Registration Ends March 15
-----------------------------------------------
Creditors of ars sportivi GmbH have until March 15 to register
their claims with court-appointed insolvency manager Manfred
Dobler.

Creditors and other interested parties are encouraged to attend
the meeting at 2:45 p.m. on April 5, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Esslingen
         Hall 1
         Ritterstr. 5
         Eingang Strohstr 1 OG
         Esslingen
         Germany

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

The insolvency manager can be reached at:

         Manfred Dobler
         Gansheidestr. 1
         70184 Stuttgart
         Tel: 0711/36433-0
         FAX: 0711/16433-50

The District Court of Esslingen opened bankruptcy proceedings
against ars sportivi GmbH on Jan. 16.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         ars sportivi GmbH
         Schelztorstr. 15
         73728 Esslingen
         Germany


BENQ CORP: Mobile Phone Unit Shuts Down Kamp-Lintfort Factory
-------------------------------------------------------------
BenQ Mobile GmbH & Co. OHG, the bankrupt German unit of Taiwan-
based BenQ Corp., shut down one of its three plants in Germany
last week after efforts to secure a buyer failed, according to
published reports.

Some 165 workers in the firm's Kamp-Lintfort factory in North
Rhine-Westphalia were sent home after the firm decided to stop
producing mobile phones.  The company, however, has commissioned
B2X Care Solutions GmbH last month to continue warranty services
for phones sold under the brand names "Siemens" and "BenQ
Siemens."

Pursuant to an agreement with BenQ Corp. and Siemens AG, B2X is
taking over the warranty services for sales partners and end
customers in Europe, Russia and Latin America.  The warranty
claims of Asian customers will be dealt with directly by BenQ
Corp.  To guarantee the provision of services for mobile phones,
Siemens has agreed with BenQ Corp. to use the payments
originally due in December.

                       Job Placements

Siemens revealed in January a solid financial basis for the job
placement companies for employees of BenQ Mobile OHG in North
Rhine-Westphalia and Bavaria.  A EUR10 million aid fund has also
been set up by Siemens for supporting employees in financial
difficulties.  Through the job exchange established by Siemens
for employees of BenQ Mobile OHG, over 690 interviews have been
scheduled at Siemens.  Round about 150 concrete job offers have
so far been made.  In addition, Siemens has secured the
continuation of training for 88 trainees of BenQ Mobile
within Siemens AG.

BenQ Mobile revealed plans to cut 1,900 jobs of its 3,000-strong
work force in October 2006.  BenQ Mobile administrator Martin
Prager had said the cuts would affect all areas of the business
including administration, marketing, sales and production.

                         Failed Bids

In a TCR-Europe report on Jan. 31, Bacoc, the German laptop
computer company, failed to submit an offer for BenQ Mobile
after creditors rejected bids by two potential buyers last
month.

Bloomberg News says Bacoc's decision not to bid for the bankrupt
assets came as a result of an exodus of key personnel relating
to the division's collapse at the end of September 2006.

Bacoc CEO Stefan Baustert told Simon Thiel of Bloomberg News
that chances of successfully turning around the mobile-phone
unit declined "dramatically" over the last few weeks.  He said
that the sale of Inservio GmbH, BenQ's insolvent mobile repair
unit, also reduced Bacoc's interest because it removed a
valuable asset, Bloomberg relates.

As widely reported, Bacoc had planned to retain the firm's Kamp-
Lintfort facility and reduce two-thirds of the company's work
force by closing down BenQ's central office in Munich.

Aside from Bacoc, investor group SF Capital Partners, led by
Hansjoerg Beha, a former Daimler-Benz executive, pulled out of
the bidding race, with sources speculating that the group could
not raise the required funding needed for the acquisition,
Mobile Today reports.

Also, as reported in the Troubled Company Reporter-Europe on
Jan. 25, Sentex Sensing Technology Inc. submitted a EUR52
million bid for BenQ Mobile's assets.  Henrik Rubenstein,
Sentex's chief executive officer, told Dow Jones Newswires then
that the bid is based on an earn-out model, which would base
payments on BenQ Mobile's financial success in the future.  He
added that the company had secured a "three-digit million euro
sum" of working capital financing.

Mr. Prager previously disclosed on Jan. 9 that Sentex Sensing
and SF Capital did not meet creditors' requirements on adequate
price offer and did not present concrete evidence of secured
financing, John Blau wrote for IDG News Service.

                        About Siemens

Siemens (Berlin and Munich) -- http://www.siemens.com/-- is a
global powerhouse in electrical engineering and electronics.
The company has around 461,000 employees working to develop and
manufacture products, design and install complex systems and
projects, and tailor a wide range of services for individual
requirements.  Siemens provides innovative technologies and
comprehensive know-how to benefit customers in 190 countries.
Founded more than 155 years ago, the company focuses on the
areas of Information and Communications, Automation and Control,
Power, Transportation, Medical, and Lighting.  In fiscal 2006
(ended Sept. 30), Siemens had sales from continuing operations
of EUR87.3 billion and net income of EUR3.1 billion.

                          About BenQ

Headquartered in Taiwan, Republic of China, BenQ Corp.,
Inc. -- http://www.benq.com/-- is principally engaged in
manufacturing, developing and selling of computer peripherals
and telecommunication products.  It is also a major provider of
3G handset, 3G handset, Camera phones, and other products.

BenQ Mobile GmbH & Co., the company's wholly owned subsidiary,
operates from Munich, Germany.  BenQ Mobile filed for insolvency
in Germany on Sept. 29, after BenQ Corp.'s board decided to
discontinue capital injection into the mobile unit in order to
stem unsustainable losses.  The collapse follows a year after
Siemens sold the company to Taiwanese technology group BenQ.
BenQ Mobile has lost market share against giant competitors.

A Munich Court opened insolvency proceedings against BenQ Mobile
GmbH & Co OHG on Jan. 1 after Mr. Prager failed to meet the
deadline in finding a buyer for the company on Dec. 31, 2006.

More than 3,000 manufacturing workers have been affected in the
company's insolvency proceedings after it disclosed of plans to
reduce two-thirds of its work force.  The mobile unit took over
a factory in Kamp Lintfort in western Germany from Siemens,
which cost Siemens more than US$1 billion.  Under the agreement,
BenQ will have the right to use the Siemens brand for five
years.  Siemens owns a 2.5 percent stake in BenQ Corp.

                        *     *     *

The Troubled Company Reporter - Asia Pacific reported on
Dec. 5, 2006, that Taiwan Ratings Corp., assigned its long-term
twBB+ and short-term twB corporate credit ratings to BenQ Corp.
The outlook on the long-term rating is negative.  At the same
time, Taiwan Ratings assigned its twBB+ issue rating to BenQ's
existing NT$7.05 billion unsecured corporate bonds due in 2008,
2009, and 2010.

The ratings reflect BenQ's:

   * continuing operating losses from its handset operations;

   * high leverage; and

   * the competitive nature and low profitability of the LCD
     monitor industry.


FREE FILM: Claims Registration Ends February 7
----------------------------------------------
Creditors of Free Film Productions GmbH have until Feb. 7 to
register their claims with court-appointed insolvency manager
Rosemarie Lankes.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on Feb. 28, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Regensburg
         Room 105
         Augustenstr. 5
         Regensburg
         Germany

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

The insolvency manager can be reached at:

         Rosemarie Lankes
         Dr.-Valentin-Koch-Str. 12
         93413 Cham
         Germany
         Tel: 09971/994045
         Fax: 09971/994046

The District Court of Regensburg opened bankruptcy proceedings
against Free Film Productions GmbH on Jan. 16.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Free Film Productions GmbH
         frueher Mittelweg 15
         93413 Cham
         Germany


HANS FELDNER: Claims Registration Ends February 20
--------------------------------------------------
Creditors of Hans Feldner Asbestentsorgung GmbH have until
Feb. 20 to register their claims with court-appointed insolvency
manager Markus M. Merbecks.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on April 3, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Chemnitz
         Hall 24
         Law Courts Prince Road 21
         Chemnitz
         Germany

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

The insolvency manager can be reached at:

         Markus M. Merbecks
         Ludwigstrasse 58
         09113 Chemnitz
         Germany
         Tel:(0371) 444610
         Fax:(0371) 4446111
         E-mail: chemnitz@handschumacher.de

The District Court of Chemnitz opened bankruptcy proceedings
against Hans Feldner Asbestentsorgung GmbH on Jan. 16.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Hans Feldner Asbestentsorgung GmbH
         Attn: Carsten Baron, Manager
         Thomas-Muentzer-Road 82
         08134 Langenweissbach
         Germany


HARRY TIEDE: Claims Registration Ends February 9
------------------------------------------------
Creditors of Harry Tiede + Soehne GmbH have until Feb. 9 to
register their claims with court-appointed insolvency manager
Dr. Klaus Pannen.

Creditors and other interested parties are encouraged to attend
the meeting at 2:10 p.m. on March 8, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Itzehoe
         Hall 2
         Itzehoe
         Germany

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

The insolvency manager can be reached at:

         Dr. Klaus Pannen
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Itzehoe opened bankruptcy proceedings
against Harry Tiede + Soehne GmbH on Jan. 17.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Harry Tiede + Soehne GmbH
         Wasserturm 8
         25551 Hohenlockstedt
         Germany


HERMGES BUEROORGANISATION: Claims Registration Ends February 21
---------------------------------------------------------------
Creditors of Hermges Bueroorganisation GmbH & Co. KG have until
Feb. 21 to register their claims with court-appointed insolvency
manager Paul Fink.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on March 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Moenchengladbach
         Meeting Room A 14
         Ground Floor
         Hohenzollernstr. 157
         41061 Moenchengladbach
         Germany

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

The insolvency manager can be reached at:

         Dr. Paul Fink
         Rheinort 1
         40213 Duesseldorf
         Germany
         Tel: 0211/1394 - 0
         Fax: +492111394251

The District Court of Moenchengladbach opened bankruptcy
proceedings against Hermges Bueroorganisation GmbH & Co. KG on
Jan. 16.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Hermges Bueroorganisation GmbH & Co. KG
         Rudolfstrasse 10
         41068 Moenchengladbach
         Germany

         Attn: Kerstin Ringel, Manager
         Rheydter Strasse 251
         41065 Moenchengladbach
         Germany


HOLZBE-UND-VERARBEITUNG: Creditors Must File Claims by Feb. 26
--------------------------------------------------------------
Creditors of Holzbe- und -verarbeitung GmbH Finsterwalde have
until Feb. 26 to register their claims with court-appointed
insolvency manager Justus Schneidewind.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on March 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cottbus
         Hall 210
         Geritchplatz 2
         Cottbus
         Germany

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

The insolvency manager can be reached at:

         Justus Schneidewind
         Eisenhartstrasse 1
         14469 Potsdam
         Germany

The District Court of Cottbus opened bankruptcy proceedings
against Holzbe- und -verarbeitung GmbH Finsterwalde on Jan. 16.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Holzbe- und -verarbeitung GmbH Finsterwalde
         Langer Damm 39
         03238 Finsterwalde
         Germany


IMMO MUELLER: Creditors Must Register Claims by February 20
-----------------------------------------------------------
Creditors of Immo Mueller GmbH have until Feb. 20 to register
their claims with court-appointed insolvency manager
Norbert Kruse.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 13, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Hall 13 B
         Gerichtsstr. 2-6
         48149 Muenster
         Germany

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

The insolvency manager can be reached at:

         Norbert Kruse
         Bonhoefferstr. 10
         48282 Emsdetten
         Germany
         Tel: 02572/875-0
         Fax: +49257287533

The District Court of Muenster opened bankruptcy proceedings
against Immo Mueller GmbH on Jan. 15.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Immo Mueller GmbH
         Attn: Burghard Mueller-Petersen, Manager
         Frauenstrasse 19
         48282 Emsdetten
         Germany


JAGGI DACH-BAU: Creditors Meeting Slated for February 26
--------------------------------------------------------
The court-appointed insolvency manager for JAGGI Dach-Bau GmbH,
Christoph Rosenmueller, will present his first report on the
Company's insolvency proceedings at a creditors' meeting at 8:40
a.m. on Feb. 26.

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

         The District Court of Charlottenburg
         Second Stock Hall 218
         Amtsgerichtsplatz 1
         14057 Berlin
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 8:35 a.m. on June 11 at the same venue.

Creditors have until April 12 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Christoph Rosenmueller
         Berliner Str. 117
         10713 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against JAGGI Dach-Bau GmbH on Jan. 18.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         JAGGI Dach-Bau GmbH
         Alt-Blankenburg 62-66
         13129 Berlin
         Germany


KLG HAUS: Creditors Must Register Claims by February 21
-------------------------------------------------------
Creditors of KLG Haus & Wohnungsbau GmbH have until Feb. 21 to
register their claims with court-appointed insolvency manager
Dr. Kai Christian Uhr.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on March 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Nuremberg
         Meeting Hall 152/I
         Flaschenhofstr. 35
         Nuremberg
         Germany

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

The insolvency manager can be reached at:

         Dr. Kai Christian Uhr
         Aussere Sulzbacher Str. 118
         90491 Nuremberg
         Germany
         Tel: 0911/59890-0
         Fax: 0911/59890-11

The District Court of Nuremberg opened bankruptcy proceedings
against KLG Haus & Wohnungsbau GmbH on Jan. 18.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         KLG Haus & Wohnungsbau GmbH
         Oettinger Str. 16a
         90451 Nuremberg
         Germany

         Attn: Peter Kube, Manager
         Untere Eichenstr. 9
         90559 Burgthann
         Germany


LINEA 3 BAU: Creditors Must Register Claims by February 15
----------------------------------------------------------
Creditors of Linea 3 Bau GmbH have until Feb. 15 to register
their claims with court-appointed insolvency manager Michael
Hawelka.

Creditors and other interested parties are encouraged to attend
the meeting at 1:50 p.m. on March 15, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Leipzig
         Hall 056
         Ground Floor
         Enforcement Court
         Bernhard Goering Strasse 64
         04275 Leipzig
         Germany

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

The insolvency manager can be reached at:

         Michael Hawelka
         Nonnenstrasse 37
         04229 Leipzig
         Germany
         Tel: 0341/4866414
         Fax: 0341/4866428
         E-mail: HHH.Leipzig@t-online.de

The District Court of Leipzig opened bankruptcy proceedings
against Linea 3 Bau GmbH on Jan. 18.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Linea 3 Bau GmbH
         Attn: Lutz Trobisch, Manager
         Gustav-Adolf-Strasse 57
         04105 Leipzig
         Germany


MARHOLDT REPRODUKTIONSTECHNIK: Claims Registration Ends March 16
----------------------------------------------------------------
Creditors of Marholdt Reproduktionstechnik GmbH have until
March 16 to register their claims with court-appointed
insolvency manager Rudiger Berkhan.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 13, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Goslar
         House II
         Kaiserbleek 8
         38640 Goslar
         Germany

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

The insolvency manager can be reached at:

         Rudiger Berkhan
         Braunschweiger Str. 15a
         D 38723 Seesen
         Germany
         Tel: 05381/93 56-0
         Fax: 05381/93 56 44

The District Court of Goslar opened bankruptcy proceedings
against Marholdt Reproduktionstechnik GmbH on Jan. 17.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Marholdt Reproduktionstechnik GmbH
         Attn: Holger Marholdt, Manager
         Bahnhofstr. 16 A
         38723 Seesen
         Germany


NESSELTAL WERNIGERODE: Claims Registration Ends February 19
-----------------------------------------------------------
Creditors of Nesseltal Wernigerode Verwaltungs-GmbH have until
Feb. 19 to register their claims with court-appointed insolvency
manager Sabine von Stein-Lausnitz.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on March 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Magdeburg
         Hall D
         Insolvency Department
         Liebknechtstrasse 65-91
         39110 Magdeburg
         Germany

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

The insolvency manager can be reached at:

         Sabine von Stein-Lausnitz
         Hegelstr. 39
         39104 Magdeburg
         Germany
         Tel: 0391/5982244
         Fax: 0391/5982158

The District Court of Magdeburg opened bankruptcy proceedings
against Nesseltal Wernigerode Verwaltungs-GmbH on Jan. 12.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Nesseltal Wernigerode Verwaltungs-GmbH
         Gartenstr. 27
         69463 Hirschberg/Bergstr.
         Germany

         Attn: Dietrich Voigt, Manager
         Louis-Braille-Str. 7
         38855 Wernigerode
         Germany


OFFSETDRUCK HILLEBRAND: Claims Registration Ends February 24
------------------------------------------------------------
Creditors of Offsetdruck Hillebrand GmbH & Co. KG have until
Feb. 24 to register their claims with court-appointed insolvency
manager Arne M. Gerhards.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on March 16, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Paderborn
         Meeting Room 230a
         Second Floor
         Bogen 2-4
         33098 Paderborn
         Germany

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

The insolvency manager can be reached at:

         Arne M. Gerhards
         Hafenplatz 7
         34385 Bad Karlshafen
         Germany
         Tel: 05672925440
         Fax: 05672925442

The District Court of Paderborn opened bankruptcy proceedings
against Offsetdruck Hillebrand GmbH & Co.KG on Jan. 17.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Offsetdruck Hillebrand GmbH & Co.KG
         Weserstr. 8
         37688 Beverungen
         Germany

         Attn: Winfried Kmitt, Manager
         Bergstr. 47
         37603 Holzminden
         Germany


OLYMPIC BAUUNION: Claims Registration Ends February 26
------------------------------------------------------
Creditors of Olympic Bauunion GmbH have until Feb. 26 to
register their claims with court-appointed insolvency manager
Rudiger Wienberg.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on March 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cottbus
         Hall 210
         Court Place 2
         Cottbus
         Germany

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

The insolvency manager can be reached at:

         Rudiger Wienberg
         Wasastrasse 15
         01219 Dresden
         Germany

The District Court of Cottbus opened bankruptcy proceedings
against Olympic Bauunion GmbH on Jan. 17.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Olympic Bauunion GmbH
         Gewer-beparkstrasse 18
         03099 Kolkwitz
         Germany


PROBAU BAUDEKORATION: Claims Registration Ends February 15
----------------------------------------------------------
Creditors of PROBAU Baudekoration GmbH have until Feb. 15 to
register their claims with court-appointed insolvency manager
Arthur Naujok.

Creditors and other interested parties are encouraged to attend
the meeting at 9:55 a.m. on March 8, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Offenbach am Main
         Hall 162N
         First Floor
         Emperor Route 16-18 (Building K18)
         63065 Offenbach am Main
         Germany

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

The insolvency manager can be reached at:

         Arthur Naujok
         Mittelseestrasse 48
         D 63065 Offenbach am Main
         Germany
         Tel: 069/8001701
         Fax: 069/8002054

The District Court of Offenbach am Main opened bankruptcy
proceedings against PROBAU Baudekoration GmbH on Jan. 16.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         PROBAU Baudekoration GmbH
         Muehlheimer Str. 219
         63075 Offenbach am Main
         Germany

         Attn: Waldemar Reszcynski, Manager
         Offenbacher Landstr. 467
         60599 Frankfurt
         Germany


SCHULTE TIEFBAUHANDEL: Claims Registration Ends March 12
--------------------------------------------------------
Creditors of Schulte Tiefbauhandel GmbH have until March 12 to
register their claims with court-appointed insolvency manager
Rolf Otto Neukirchen.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on March 29, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Essen
         Hall 293
         Second Floor
         Zweigertstr. 52
         45130 Essen
         Germany

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

The insolvency manager can be reached at:

         Rolf Otto Neukirchen
         Zweigertstr. 28-30
         45130 Essen
         Germany

The District Court of Essen opened bankruptcy proceedings
against Schulte Tiefbauhandel GmbH on Jan. 17.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Schulte Tiefbauhandel GmbH
         Ruhrallee 175
         45136 Essen
         Germany


SERFLING GALA: Claims Registration Ends March 1
-----------------------------------------------
Creditors of SERFLING GALA GmbH have March 1 to register their
claims with court-appointed insolvency manager Dr. Florian
Stapper.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on April 4, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Leipzig
         Enforcement Court
         Bernhard Goering Road 64
         04275 Leipzig
         Germany

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

The insolvency manager can be reached at:

         Dr. Florian Stapper
         Karl-Heine-Strasse 16
         04229 Leipzig
         Tel: 0341/984110
         Fax: 0341/9841111
         E-mail: leipzig@stapper-korn.de

The District Court of Leipzig opened bankruptcy proceedings
against SERFLING GALA GmbH on Jan. 17.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         SERFLING GALA GmbH
         Schiemannstrasse 1
         04808 Wurzen
         Germany


RGP ROTTALER: Claims Registration Ends March 9
----------------------------------------------
Creditors of RGP Rottaler Gefluegel Produkte GmbH have until
March 9 to register their claims with court-appointed insolvency
manager Daniel Bauch.

Creditors and other interested parties are encouraged to attend
the meeting at 9:05 a.m. on March 30, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Landshut
         Meeting Room 9/I
         Insolvency Court
         Maximilianstrasse 22-24
         Landshut
         Germany

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

The insolvency manager can be reached at:

         Daniel Bauch
         SKP Partnership Co.
         Spirknerallee 10
         84307 Eggenfelden
         Germany
         Tel: 08721/1268990
         Fax: 08721/1268999

The District Court of Landshut opened bankruptcy proceedings
against RGP Rottaler Gefluegel Produkte GmbH on Jan. 15.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         RGP Rottaler Gefluegel Produkte GmbH
         Industriesiedlung 3
         84140 Gangkofen
         Germany


QUARTEC GMBH: Claims Registration Ends March 9
----------------------------------------------
Creditors of Firma Quartec GmbH have until March 9 to register
their claims with court-appointed insolvency manager Dr. Hubert
Ampferl.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 3, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Deggendorf
         Meeting Room 3
         E 29, Amanstrasse 17
         94469 Deggendorf
         Germany

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

The insolvency manager can be reached at:

         Dr. Hubert Ampferl
         Kumpfmuhlerstr. 30
         93051 Regensburg
         Germany

The District Court of Deggendorf opened bankruptcy proceedings
against Firma Quartec GmbH on Jan. 16.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Firma Quartec GmbH
         Ulrichsberger Str. 17
         94469 Deggendorf
         Germany


SPORTMARKT SELLNER: Claims Registration Ends February 22
--------------------------------------------------------
Creditors of Sportmarkt Sellner GmbH have until Feb. 22 to
register their claims with court-appointed insolvency manager
Severin Kiesl.

Creditors and other interested parties are encouraged to attend
the meeting at 8:15 a.m. on March 29, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Rosenheim
         Room 108
         Rosenheim
         Germany

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

The insolvency manager can be contacted at:

         Severin Kiesl
         Stollstrasse 5
         83022 Rosenheim
         Germany
         Tel: 08031/38096-0

The District Court of Rosenheim opened bankruptcy proceedings
against Sportmarkt Sellner GmbH on Jan. 16.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Sportmarkt Sellner GmbH
         Muenchener Str. 44
         83022 Rosenheim
         Germany


TECCO METALTEC: Claims Registration Ends February 20
----------------------------------------------------
Creditors of TECCO MetalTec GmbH have until Feb. 20 to register
their claims with court-appointed insolvency manager Martin
Schmidt-John.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on March 2, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Norderstedt
         Hall B
         City Hall Avenue 80
         22846 Norderstedt
         Germany

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

The insolvency manager can be contacted at:

         Martin Schmidt-John
         Berliner Avenue 40b
         22850 Norderstedt
         Germany

The District Court of Norderstedt opened bankruptcy proceedings
against TECCO MetalTec GmbH on Jan. 17.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         TECCO MetalTec GmbH
         Robert-Koch-Road 35
         22851 Norderstedt
         Germany

         Attn: Evelyn Margit Schmidt, Manager
         Trilluper Weg 10b
         22397 Hamburg
         Germany


TEGO-BAU GMBH: Claims Registration Ends March 5
-----------------------------------------------
Creditors of TEGO-Bau GmbH have until March 5 to register their
claims with court-appointed insolvency manager Andreas Kienast.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 3, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Tostedt
         Meeting Room I
         Area CE.02
         Linden 23
         21255 Tostedt
         Germany

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

The insolvency manager can be contacted at:

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

The District Court of Tostedt opened bankruptcy proceedings
against TEGO-Bau GmbH on Jan. 16.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         TEGO-Bau GmbH
         Attn: Joachim Voigt, Manager
         Luetten Horn 15
         27412 Hepstedt
         Germany


TIFFINGER GMBH: Claims Registration Ends March 9
------------------------------------------------
Creditors of Tiffinger GmbH have until March 9 to register their
claims with court-appointed insolvency manager Oliver Reichelt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 12, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Munich
         Meeting Room 102
         Infanteriestr. 5
         80097 Munich
         Germany

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

The insolvency manager can be contacted at:

         Oliver Reichelt
         Ohmstr. 13/III
         80802 Munich
         Germany
         Tel: 089/ 383 87 10
         Fax: 089/ 33 83 08

The District Court of Munich opened bankruptcy proceedings
against Tiffinger GmbH on Jan. 15.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         Tiffinger GmbH
         Attn: Reinhold Strigler, Manager
         Templerstr. 2
         82194 Groebenzell
         Germany


TOLLGREVE BAU: Claims Registration Ends February 27
---------------------------------------------------
Creditors of Tollgreve Bau GmbH have until Feb. 27 to register
their claims with court-appointed insolvency manager Michael
Wilkens.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on April 2, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Schwerin
         Hall 7
         Demmlerplatz 14
         Schwerin
         Germany

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

The insolvency manager can be contacted at:

         Michael Wilkens
         Elbchaussee 140
         22763 Hamburg
         Germany

The District Court of Schwerin opened bankruptcy proceedings
against Tollgreve Bau GmbH on Jan. 15.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Tollgreve Bau GmbH
         Attn: Peter Tollgreve, Manager
         Birdieweg 10
         23968 Hohen Wieschendorf
         Germany


VICTORY MEDIA: Claims Registration Ends March 8
-----------------------------------------------
Creditors of VICTORY Media AG have until March 8 to register
their claims with court-appointed insolvency manager Marco
Liebler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on March 29, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Kempten
         Meeting Room 157/I
         Residenzplatz 4-6
         87435 Kempten
         Germany

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

The insolvency manager can be contacted at:

         Dr. Marco Liebler
         c/o Kanzlei Ott & Kollegen
         Nymphenburger Str. 139
         80636 Munich
         Germany
         Tel: 089/120 260
         Fax: 089/120 261 27

The District Court of Kempten opened bankruptcy proceedings
against VICTORY Media AG on Jan. 15.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         VICTORY Media AG
         Neue Zeile 3
         87600 Kaufbeuren
         Germany


VOENIX 156: Creditors' Meeting Slated for March 6
-------------------------------------------------
The court-appointed insolvency manager for VOENIX 156.
Verwaltungsgesellschaft mbH, Dirk Wittkowski, will present his
first report on the Company's insolvency proceedings at a
creditors' meeting at 9:10 a.m. on March 6.

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

         The District Court of Charlottenburg
         II. Stock Hall 218
         District Court Place 1
         14057 Berlin, Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:10 a.m. on June 12, at the same venue.

Creditors have until April 17 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Dirk Wittkowski
         Kirchblick 11
         14129 Berlin, Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against VOENIX 156. Verwaltungsgesellschaft mbH on
Jan. 17.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         VOENIX 156. Verwaltungsgesellschaft mbH
         Pieskower Weg 54
         10409 Berlin
         Germany


WUERFEL & PARTNER: Claims Registration Ends February 20
-------------------------------------------------------
Creditors of Wuerfel & Partner Entwicklung anwendbarer Software
GmbH have until Feb. 20 to register their claims with court-
appointed insolvency manager Hans-Peter Rechel.

Creditors and other interested parties are encouraged to attend
the meeting at 11:20 a.m. on March 20, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Tostedt
         Meeting Room I
         Area CE.02
         Linden 23
         21255 Tostedt
         Germany

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

The insolvency manager can be contacted at:

         Hans-Peter Rechel
         Lehmweg 17
         20251 Hamburg
         Germany
         Tel: 040/48063933
         Fax: 040/48063999

The District Court of Tostedt opened bankruptcy proceedings
against Wuerfel & Partner Entwicklung anwendbarer Software GmbH
on Jan. 16.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be contacted at:

         Wuerfel & Partner Entwicklung anwendbarer Software GmbH
         Reindorfer Landstr. 27
         21244 Buchholz
         Germany

         Attn: Matthias von Fintel, Manager
         Reindorfer Landstr. 27
         21244 Buchholz
         Germany


XTREM-NET: Claims Registration Ends March 22
--------------------------------------------
Creditors of XTREM-NET GmbH have until March 22 to register
their claims with court-appointed insolvency manager Rainer
Beck.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 12, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Duisburg
         Area C315
         Third Floor
         Cardinal Galen Road 124-132
         47058 Duisburg
         Germany

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

The insolvency manager can be contacted at:

         Rainer Beck
         Rheinstrasse 75
         47623 Kevelaer
         Germany

The District Court of Duisburg opened bankruptcy proceedings
against XTREM-NET GmbH on Jan. 15.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         XTREM-NET GmbH
         Blauen Hahn 5
         46483 Wesel
         Germany


=============
H U N G A R Y
=============


BORSODCHEM NYRT: Returned Shares Hike Treasury Stock
----------------------------------------------------
BorsodChem Nyrt. disclosed that due to developments concerning
its Registered Employee Share Ownership, the number of the
Company's treasury shares changed.

Out of the 203,062 shares transferred to the employees'
securities accounts in HVB Bank Hungary Zrt.'s custody on
Nov. 9, 2005, the Company received back 98 pieces with a value
date of Jan. 24, from employees terminating their employment
relations.

Following the transaction the number of the Company's treasury
shares increased by 98 pieces to 1,193,164.

                        About BorsodChem

Headquartered in Kazincbarcika, Hungary, BorsodChem Nyrt. (fka
BorsodChem Rt) -- http://www.borsodchem.hu/-- produces
chlorine, chloric alkali, hydrochloric acid, caustic lye and PVC
resins, and additives for the plastic and rubber industries.
The Company exports its products mainly to Western Europe.

At Dec. 31, 2005, BorsodChem's balance sheet showed HUF237.9
billion in total assets, HUF98.9 billion in total liabilities
and HUF139.02 billion in total equity.

                        *     *     *

As of Feb. 5, BorsodChem's long-term foreign and local issuer
credit carry Standard and Poor's BB rating with stable outlook.


BORSODCHEM NYRT: Higher Debt Load Cues Fitch to Cut Rating to B+
----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term
corporate credit rating on Hungary-based intermediate chemicals
producer BorsodChem Rt (nka BorsodChem Nyrt.) to 'B+' from 'BB',
as an LBO of the company led by private equity fund is nearing
completion.

The rating remains on CreditWatch with negative implications,
where it was placed on July 10, 2006, pending further details on
the company's final debt structure, operational strategy --
notably with reference to growth projects -- and financial
policy.

The downgrade reflects the far higher debt load the group will
have to support once the LBO closes, which is likely to happen
in the next few weeks, as well as a new massive capital
expenditure plan, leading to much weaker cash flow metrics and
free operating cash flow generation in the coming years. The
rating agency is also concerned by the lack of sufficient and
timely information going forward, which will particularly be an
issue when the company is delisted and the LBO closes.

"We plan to resolve the CreditWatch once the LBO closes, the
group's final debt structure is known, and we have more details
on BorsodChem's updated operational strategy and main projects,"
said Standard & Poor's credit analyst Lucas Sevenin.

However, it is not yet clear whether we will receive all the
information necessary to resolve the CreditWatch. If the rating
is lowered, though, the downgrade will be limited to one notch.


FORTEINVEST KFT: May Close; Bergger, FilmoTec Plan Acquisition
--------------------------------------------------------------
Forteinvest Kft. plans to shut down its plant in Hungary on
Feb. 22, with the loss of 150 jobs, unless interested buyers
come up with a concrete offer, Portfolio.hu says.

According to reports, French company Bergger and Germany's
FilmoTec have expressed interest in acquiring the company, which
manufactures photographic products.

"We have been in talks with investors led by Bergger since
November, but we have not received a concrete offer up to date,"
said Janos Mate, one of Forteinvest's owners.

"We are open to any kind of offer, but I feel that if they
haven't made one so far, there is little chance they will do
now," Mr. Mate said.

Mr. Mate, who is also Forteinvest's managing director, blames
the ever-growing popularity of digital cameras and associated
equipment for the impending closure.  He further said that this
also forced two of Europe's largest producers of photographic
film to shut down, The Budapest Sun relates.

Andras Vaczi, communications director at the Hungarian Trade and
Development Agency, said that the Bergger-FilmoTec team plans to
carry on the Forte name, absorb about 80 employees, and
introduce modern technology at the Vac-based factory.  They plan
to set up a new production line and start manufacturing photo
papers for digital prints, Portfolio.hu reveals.

Bergger notified the agency that it did not have the necessary
data to make an offer.  In turn, the agency offered to help the
potential buyers, as well as the owners, to continue their
dialogue for the company's sale, Portfolio.hu states.

                       About Bergger S.A.

Paris, France-based Bergger S.A. -- http://www.bergger.com/--
manufactures photographic products that include classic silver
papers, premium black and white films, antique and alternative
processes products, fine darkroom chemistry, and progressive new
inkjet papers.

                      About FilmoTec GmbH

Headquartered in Wolfen, Germany, FilmoTec GmbH --
http://www.filmotec.de/-- produces high quality photographic
film, including black and white negative film for motion picture
production, duplicating film, sound recording film, and leaders
for the processing and distribution business.

                     About Forteinvest Kft.

Headquartered in Vac, Hungary Forteinvest Kft. --
http://fortefotokemia-c-en.cegbongeszo.hu/-- has been
manufacturing black & white film, photographic papers, and other
photo material since 1922.

In 2006, the company reported revenues of HUF1 billion, with
losses of between HUF150 to HUF200 million.


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


ALITALIA SPA: Traffic Figures Slide in December 2006
----------------------------------------------------
Alitalia S.p.A. released its traffic statistics for passenger
and cargo operations for December 2006.

                      Passenger Operations

Traffic, measured in Revenue-Passenger-Kilometers, decreased
2.3% and the capacity, measured in Available Seat Kilometers
decreased 2%.  Therefore load factor decreased 0.2 percentage
point reaching 69%.

Alitalia carried 1.8 million passengers, down (-4.5%) compared
to the previous year.  This fact was due to both the strike of
some Alitalia Unions on Dec. 15, 2006, as well as the negative
effects of the November strikes of some airport operators.

Detailed comparisons with December 2005:

   -- Domestic Passenger Network: load factor grew slightly to
      61.1%, with the number of passengers down 7.5% compared to
      same period in 2005.

   -- International Passenger Network: traffic was down by 0.6%.
      With a capacity increase of 2.1%, load factor was 63%.

   -- Intercontinental Passenger Network: load factor increasing
      (+0.8 p.p.) to 76.5% compared to 2005's.  Capacity down
      2.8% due to frequencies reductions linked to winter season
      start.

                        Cargo Operations

In December 2006, Cargo, measured in Revenue-Ton-Kilometers,
increased by 29.2% while capacity was up 22.4%.  Overall load
factor was equal to 73.7% up 3.9 percentage points.

                         About Alitalia

Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes.  In Europe, the company reaches 45
airports, with 1,238 flights per week.  In the rest of the
world, the Alitalia Group's aircrafts operate out of 32 airports
with 255 flights per week.  The Alitalia Group network is
centered on two main airports, Rome Fiumicino and Milan
Malpensa, and includes, as of Sept. 30, 2006, an operating fleet
of 182 aircrafts.  The Italian government owns 49.9% of
Alitalia.

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively.  Alitalia registered EUR93
million in net profits in 2002 after a EUR1.4 billion capital
injection.  The carrier booked consecutive annual net losses of
EUR520 million in 2003, EUR813 million in 2004, and EUR168
million in 2005.


PARMALAT SPA: Has Until Oct. 30 to Sell Two Brands
--------------------------------------------------
Parmalat S.p.A. communicates that it has been notified of a
decision of the Italian Antitrust Authority of Dec. 21, 2006,
according to which, and in line with Parmalat's request, an
extension has been granted until Oct. 30, for Parmalat to comply
with the obligations imposed upon it by the previous Antitrust
decision of June 30, 2005.

In a TCR-Europe report on Oct. 11, 2006, Parmalat has reclaimed
its two Italian dairy units -- Newlat Srl and Carnini S.p.A. --
at no cost.  Italian authorities conditioned the return of the
units on the sale of Parmalat's Matese and Torre in Pietra
brands.  Parmalat also has to sell some of Newlat's production
facilities to ease the group's dominant position in the fresh
milk market.

                         About Parmalat

Headquartered in Milan, Italy, Parmalat S.p.A. --
http://www.parmalat.net/-- sells nameplate milk products that
can be stored at room temperature for months.  It also has 40-
some brand product line, which includes yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices.

The Company's U.S. operations filed for chapter 11 protection on
Feb. 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139).  Gary
Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal &
Manges LLP, represent the Debtors.  When the U.S. Debtors filed
for bankruptcy protection, they reported more than US$200
million in assets and debts.  The U.S. Debtors emerged from
bankruptcy on April 13, 2005.

Parmalat S.p.A. and its Italian affiliates filed separate
petitions for Extraordinary Administration before the Italian
Ministry of Productive Activities and the Civil and Criminal
District Court of the City of Parma, Italy on Dec. 24, 2003.
Dr. Enrico Bondi was appointed Extraordinary Commissioner in
each of the cases.  The Parma Court has declared the units
insolvent.

On June 22, 2004, Dr. Bondi filed a Sec. 304 Petition, Case No.
04-14268, in the United States Bankruptcy Court for the Southern
District of New York.

Parmalat has three financing arms: Parmalat Capital Finance
Ltd., Dairy Holdings, Ltd., and Food Holdings, Ltd.  Dairy
Holdings and Food Holdings are Cayman Island special-purpose
vehicles established by Parmalat SpA.  The Finance Companies are
under separate winding up petitions before the Grand Court of
the Cayman Islands.  Gordon I. MacRae and James Cleaver of Kroll
(Cayman) Ltd. serve as Joint Provisional Liquidators in the
cases.  On Jan. 20, 2004, the Liquidators filed Sec. 304
petition, Case No. 04-10362, in the United States Bankruptcy
Court for the Southern District of New York.  In May 2006, the
Cayman Island Court appointed Messrs. MacRae and Cleaver as
Joint Official Liquidators.  Gregory M. Petrick, Esq., at
Cadwalader, Wickersham & Taft LLP, and Richard I. Janvey, Esq.,
at Janvey, Gordon, Herlands Randolph, represent the Finance
Companies in the Sec. 304 case.

The Honorable Robert D. Drain presides over the Parmalat
Debtors' U.S. cases.

(Parmalat Bankruptcy News, Issue No. 84; Bankruptcy Creditors'
Service, Inc., 215/945-7000, http://bankrupt.com/newsstand/)


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


ALTYN NUR: Claims Registration Ends March 9
-------------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan Region has declared LLP Altyn Nur insolvent.

Creditors have until March 9 to submit proofs of claim to:

         LLP Altyn Nur
         Temirlanovskoye highway
         Shymkent
         South Kazakhstan Region
         Kazakhstan


LACOS ENGINEERING: Creditors' Claims Due March 9
------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Lacos Engineering declared insolvent on
Dec. 22, 2006.

Creditors have until March 9 to submit proofs of claim to:

         LLP Lacos Engineering
         Timirazev Str. 61-2
         Almaty
         Kazakhstan
         Tel: 8 (3272) 75-67-84


LLP JENIS: Creditors Must File Claims By March 9
------------------------------------------------
The Specialized Inter-Regional Economic Court of North
Kazakhstan Region has declared LLP Jenis insolvent.

Creditors have until March 9 to submit proofs of claim to:

         Department of Agriculture
         Kazakhstana Str. 38
         Konstitutsiya
         North Kazakhstan Region
         Kazakhstan


LLP JULDYZ: Claims Registration Ends March 16
---------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty Region
has ordered compulsory liquidation of LLP "Juldyz" (RNN
090400004961) on Dec. 20, 2006.

Creditors have until March 16 to submit proofs of claim to:

         LLP Juldyz (RNN 090400004961)
         Room 208
         Jangusurov Str. 113a
         Taldykorgan
         Almaty Region
         Kazakhstan
         Tel: 8 (32822) 24-19-77


LLP ZAISAN: Claims Registration Ends March 9
--------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Joint Enterprise Zaisan insolvent.

Creditors have until March 9 to submit proofs of claim to:


         Office 408
         Abai Str. 42/44
         Almaty
         Kazakhstan


KAZTRANSCOM SK: Creditors Must File Claims By March 16
------------------------------------------------------
LLP Kaztranscom Sk has declared insolvency. Creditors have until
March 16 to submit proofs of claim to:

         Grizodubova Str. 12-67
         Almaty
         Kazakhstan


TIMUR-TECHSERVICE: Creditors' Claims Due March 16
-------------------------------------------------
LLP Timur-Techservice has declared insolvency.  Creditors have
until March 16 to submit proofs of claim to:

         LLP Timur-Techservice
         Valihanov Str. 197
         Kokshetau
         Akmola Region
         Kazakhstan


VERTEX-BLASTING: Claims Registration Ends March 16
--------------------------------------------------
LLP Vertex-Blasting has declared insolvency.  Creditors have
until March 16 to submit proofs of claim to:

         LLP Vertex-Blasting
         Respublika Ave. 15
         Almaty
         Kazakhstan


ZAVOD PENOSTEKLOIZOL: Creditors Must File Claims By March 16
------------------------------------------------------------
LLP Plant Zavod Penostekloizol has declared insolvency.
Creditors have until March 16 to submit proofs of claim to:

         Kalinin Str. 17a
         Otegen Baatyr
         Ilyisky district
         Almaty Region
         Kazakhstan


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


AK TILEK-A LLC: Public Auction Slated for February 12
-----------------------------------------------------
The bidding organizer and insolvency manager of the LLC
Ak Tilek-A will auction the company's properties to the public
at 11:00 a.m. on Feb. 12 at:

         Building of LLC Ak Tilek-A
         Sai-Korgon
         Bazar-Korgon
         Djalal-Abad Region
         Kyrgyzstan

The assets for sale are:

   -- Lot 1-9: building of stable, equipment, inventory
               and cars.

Starting prices ranges from KGS1,500 to KGS216,203.

Interested bidders have until Feb. 10 to deposit an amount
equivalent to 10% of the starting price to the cashier of LLC Ak
Tilek-A

Participants may submit their bids at:

         Building of LLC Ak Tilek-A
         Sai-Korgon
         Bazar-Korgon
         Djalal-Abad Region
         Kyrgyzstan
         Tel: (0-502) 69-39-97


TUNGUCH OJSC: Creditors' Meeting Slated for February 15
-------------------------------------------------------
The temporary insolvency manager of the OJSC Tunguch will
discuss his final report at a creditors' meeting at 9:00 a.m. on
Feb. 15, at:

         Building of School
         Bokonbaev District
         Sulukta
         Batken Region
         Kyrgyzstan

Proxies must have authorization to vote.

Inquiries can be addressed to (0-543) 94-16-63.


=====================
N E T H E R L A N D S
=====================


KONINKLIJKE AHOLD: SEC Accuses 13 More People of Fraud at US Arm
----------------------------------------------------------------
The U.S. Securities and Exchange Commission implicated 13 more
people of abetting a massive accounting fraud at U.S.
Foodservice Inc., a unit of Koninklijke Ahold N.V., The
Associated Press reports.

Nine of the 13 individuals, who have neither admitted nor denied
the allegations, agreed to settle the case for US$25,000 each.

The charges are brought against employees of or agents for
vendor companies that supplied U.S. Foodservice, AP relates.
Around 30 people are now facing charges of aiding the alleged
fraud by signing false audit statements that enabled a US$1
billion overstatement of Ahold's earnings in 2001 and 2002.

The SEC filed fraud and other charges in the U.S. District Court
for the District of Columbia against Koninklijke Ahold N.V. and
its employees.

The SEC's complaints alleged that, as a result of the fraudulent
inflation of promotional allowances at U.S. Foodservice, the
improper consolidation of joint ventures through fraudulent side
letters, and other accounting errors and irregularities, Ahold's
original SEC filings for at least fiscal years 2000, 2001, and
the first three quarters of 2002 materially overstated net
sales, operating income, and net income.

                         About Ahold

Headquartered in Amsterdam, Koninklijke Ahold N.V. --
http://www.ahold.com/-- retails food through supermarkets,
hypermarkets and discount stores in North and South America,
Europe.  The company's chain stores include Stop & Shop, Giant,
TOPS, Albert Heijn and Bompreco.  Ahold also supplies food to
restaurants, hotels, healthcare institutions, government
facilities, universities, stadiums, and caterers.

                        *     *     *

As reported in the TCR-Europe on Dec. 22, 2006, Standard &
Poor's Ratings Services revised its outlook on the Dutch food
retailer and food service distributor Koninklijke Ahold N.V. to
positive from stable.  At the same time, the 'BB+/B' long- and
short-term corporate credit ratings were affirmed.

Moody's Investors Service and Standard and Poor's has assigned
low-B ratings to the company's 5.625% senior notes due 2007.
Also, the company's 5.875% senior unsubordinated notes due 2008
and 6.375% senior unsubordinated notes due 2007 carry Moody's,
S&P's and Fitch's low-B ratings.


KONINKLIJKE AHOLD: Posts EUR44.9 Billion Net Sales for 2006
-----------------------------------------------------------
Koninklijke Ahold N.V. released its operational results for the
fourth quarter and year ended Dec. 31, 2006.

Ahold posted consolidated net sales of EUR10.4 billion for the
fourth quarter of 2006.  Compared to the fourth quarter of 2005,
net sales decreased by 3% but increased by 3% at constant
exchange rates.

Market conditions remained unchanged.

Stop & Shop/Giant-Landover margins were impacted by price
investments related to the further roll out of the Value
Improvement Program.

For the full year, consolidated net sales of EUR44.9 billion
were up 2% compared to 2005. At constant exchange rates, net
sales were up 2.7%.

                         About Ahold

Headquartered in Amsterdam, Koninklijke Ahold N.V. --
http://www.ahold.com/-- retails food through supermarkets,
hypermarkets and discount stores in North and South America,
Europe.  The company's chain stores include Stop & Shop, Giant,
TOPS, Albert Heijn and Bompreco.  Ahold also supplies food to
restaurants, hotels, healthcare institutions, government
facilities, universities, stadiums, and caterers.

                        *     *     *

As reported in the TCR-Europe on Dec. 22, 2006, Standard &
Poor's Ratings Services revised its outlook on the Dutch food
retailer and food service distributor Koninklijke Ahold N.V. to
positive from stable.  At the same time, the 'BB+/B' long- and
short-term corporate credit ratings were affirmed.

Moody's Investors Service and Standard and Poor's has assigned
low-B ratings to the company's 5.625% senior notes due 2007.
Also, the company's 5.875% senior unsubordinated notes due 2008
and 6.375% senior unsubordinated notes due 2007 carry Moody's,
S&P's and Fitch's low-B ratings.


===============
P O R T U G A L
===============


ALCATEL-LUCENT: Antonio Beato Teixeira to Head Portuguese Unit
--------------------------------------------------------------
Alcatel-Lucent appointed Antonio Beato Teixeira to lead its
activities in Portugal with responsibility for all local company
activities.

He will report to Alfredo Redondo, who leads the Alcatel-Lucent
Iberian Regional Unit

Prior to this appointment, Antonio Beato Teixeira was general
manager for Nortel in charge of the Vodafone account in
Portugal, Eastern Europe, the Middle East and Africa.
From 1999 to 2002, he was Technology and Network vice president
of Telesystem International Wireless (TIW) in Brazil.  He had
previously held various management positions for Vodafone
Portugal and Portugal Telecom, having initiated his professional
career with I.T.T.-Standard Eléctrica in Portugal.

Born in Lisbon, Antonio Beato Teixeira graduated from the
Instituto Superior Tecnico of Lisbon as a telecom and
electronics engineer, before taking post graduation degrees at
the Universidade Catolica in Lisbon and at the Harvard Business
School in Cambridge, U.S.

                      About Alcatel-Lucent

Headquartered in Paris, France, Alcatel-Lucent
-- http://www.alcatel-lucent.com/-- provides solutions that
enable service providers, enterprises and governments worldwide,
to deliver voice, data and video communication services to end
users.  Through its operations in fixed, mobile and converged
broadband networking, Internet protocol (IP) technologies,
applications, and services, Alcatel-Lucent offers the end-to-end
solutions that enable communications services for people at
home, at work and on the move.

On Nov. 30, 2006, Alcatel and Lucent Technologies Inc. completed
their merger transaction, and began operations as a
communication solutions provider under the name Alcatel-Lucent
on Dec. 1, 2006.

                          *     *     *

As of Feb. 1, Alcatel-Lucent carries these ratings:

Moodys:

   * Alcatel

   -- Corporate Family Rating: Ba2
   -- Senior Debt ratings: Ba2
   -- short-term debt: Not-Prime

   * Lucent

   -- Corporate Family Rating: B1 (withdrawn)
   -- Senior Debt ratings: B1
   -- Subordinated debt & trust preferreds ratings: B2
   -- Preferred Stock Issuable: P(B3)

Standard & Poor's:

   -- Long-Term Corporate Credit Rating: BB-
   -- Short-Term Corporate Credit Rating: B
   -- Senior Unsecured Debt Ratings: BB-
   -- Outlook: positive.

Fitch Ratings:

   * Alcatel

   -- Issuer Default Rating: BB
   -- Senior Unsecured Debt: BB


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


AGRO-SNAB-SERVICE OJSC: Creditors Must File Claims by March 13
--------------------------------------------------------------
Creditors declared OJSC Agro-Snab-Service have until March 13 to
submit written proofs of claim to:

         N. Pyzhova, Insolvency Manager
         Apartment 20
         Gagarina Str
         Kursk
         Russia

The Arbitration Court of Kursk commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A35-5006/06.

The Arbitration Court of Kursk is located at:

         K. Marksa Str. 25
         305004 Kursk
         Russia

The Debtor can be reached at:

         OJSC Agro-Snab-Service
         Ostrovskogo Str. 1
         Korenevo
         Korenevskiy
         Kursk
         Russia


ALTAIR CJSC: Creditors Must File Claims by Feb. 13
--------------------------------------------------
Creditors CJSC Altair (TIN 7725048980) have until Feb. 13 to
submit written proofs of claim to:

         S. Kuznetsov, Insolvency Manager
         To be called for Mr. S. Kuznetsov
         125009 Moscow
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A40-55159/06-86-1090B.

The Arbitration Court of Moscow is located at:

         Novaya Basmannaya Str. 10
         Moscow
         Russia

The Debtor can be reached at:

         CJSC Altair
         Sudostroitelnaya Str. 40
         141414 Moscow
         Russia


AMBER CJSC: Creditors Must File Claims by Feb. 13
-------------------------------------------------
Creditors of CJSC Amber have until Feb. 13 to submit written
proofs of claim to:

         A. Volchkov, Temporary Insolvency Manager
         Third Kurskaya Str. 15
         302004 Orel
         Russia

The Arbitration Court of Orel Region commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A48-5315/06-206.

The Arbitration Court of Orel is located at:

         Gorkogo Str. 42
         302000 Orel
         Russia

The Debtor can be reached at:

         CJSC Amber
         Oktyabrskaya Str. 27
         302028 Orel
         Russia


BRYANSK-STROY-COM: Asset Bidding Deadline Slated for February 10
----------------------------------------------------------------
OJSC Bryansk-Stroy-Com will open a public auction for the
company's properties at noon on Feb. 14 at:

         Insolvency Manager
         Office 1
         Saltykova-Shedrina Str. 23
         248600 Kaluga
         Russia
         Tel/Fax: (4842) 57-84-21

The company has set a RUR445,000 starting price for the
auctioned assets.

Interested participants have until Feb. 10 to deposit an amount
of RUR80,000 to:

         OJSC BRYANSK-STROY-COM
         Settlement Account 40702810727000000371 in Kaluzhskiy
         RF OJSC Rozselkhozbank
         Kaluga
         Correspondent Account 3010181010000000780
         BIK 042908780
         TIN 3207008266
         KPP 320701001

Bidding documents must be submitted to:

         Insolvency Manager
         Office 1
         Saltykova-Shedrina Str. 23
         248600 Kaluga
         Russia
         Tel/Fax: (4842) 57-84-21

The Debtor can be reached at:

         OJSC Bryansk-Stroy-Com
         Putevka
         242019 Bryansk
         Russia


CENTERTELECOM OAO: Forecasts RUR2.6 Billion Net Profit for 2007
---------------------------------------------------------------
The Board of Directors of OAO CenterTelecom approved the
Company's budget for 2007.

Pursuant to the approved financial and economic plan, earnings
from ordinary activities according to the results of the year
are expected to make RUR30.54 billion, expenditures on ordinary
activities will amount to RUR23.07 billion rubles.

In 2007 EBITDA is expected to be RUR11.08 billion, while the
investment program volume will reach RUR5.51 billion.  Forecast
for net profit in 2007 is RUR2.6 billion.  The Company plans to
use RUR1.8 billion for repayment of the external debt.

The key indexes of efficiency in 2007:

   -- EBITDA margin: 36.3%
   -- Net debt/EBITDA ratio: 2.2
   -- CAPEX/EBITDA ratio: 0.5

In 2007 OAO CenterTelecom plans to continue its work on solution
of priority tasks set before the Company.  Including the further
amplitudinous development of DOMOLINK project (in 2007 the
number of users of broadband Internet access via ADSL is to
exceed 250 thousand subscribers), further staff number
optimization and reduction of the Company's external debt.

It is expected that in 2007 the growth of the revenue side of
the budget of OAO CenterTelecom first of all will be affected by
the increase of revenues from Internet access and data
transmission services by 40% comparing with the expected result
of 2006 and the growth of revenues from local and intra-areal
communication services due to rise of outgoing traffic of the
mobile operators' network and increase of tariffs for provision
of local telephone connection -- at the average in the Company
by 10.3%.

According to the approved budget, the growth rates of
expenditures will make 8.6%, which doesn't exceed the growth
rates of the Company's revenues in 2007 (9.7%).  As a result of
the policy conducted by the Management of OAO CenterTelecom
aimed at tightening of control over expenditures, the Company's
expenditures dynamics in 2007 will be mostly affected by
increase of allocations to the long-distance communication
operators stemmed from the new rules of interaction for the
participants of the Russian telecommunication market, which came
into force in the previous year, and rise in the Company's
depreciation charges.

As to Deputy General Director-Financial Director of OAO
CenterTelecom Alexander Lutsky, implementation of the Company's
budget in 2007 will require significant efforts on the part of
all divisions of CenterTelecom.

"We have ambitious tasks set before us in the sphere of
telecommunication services development as well as increase of
operating efficiency," Mr. Lutsky said.  "Strengthening of
CenterTelecom's positions on new services market of the CFD and
enhancement of the Company's economic situation will allow not
only provide high quality of infocommunication services for
residents of central regions of Russia, but will also improve
the Company's investment attractiveness and become the prove of
the effective activities of the Management of CenterTelecom."

                       About CenterTelecom

OAO CenterTelecom -- http://www.centertelecom.ru/eng-- provides
fixed-line and mobile communications in the Russian Central
Federal District.  CenterTelecom had a charter capital of
RUR6.31 billion (about US$234 million) as of July 1, 2006.

The company's shares are listed on the Russian Trading System
stock exchange and the Moscow Inter-Bank Currency Exchange, and
its Level-1 American Depositary Receipts circulate on the U.S.
over-the-counter market and the Berlin and Frankfurt stock
exchanges.

                        *     *     *

As of Feb. 5, OAO CenterTelecom carries these ratings:

Standard & Poor's:

   -- Corporate Credit: B
   -- Outlook: stable

Fitch:

   -- Issuer Default: B-
   -- Short-term: B
   -- National Long-term: BB+
   -- RUB3 billion bond August 2011: BB+
   -- Outlook: Stable


CROCUS LLC: Creditors Must File Claims by Feb. 13
-------------------------------------------------
Creditors of LLC Crocus have until Feb. 13 to submit written
proofs of claim to:

         N. Bortnikov, Temporary Insolvency Manager
         Post User Box 1780
         Solikamsk-13
         618553 Perm
         Russia

The Arbitration Court of Bashkortostan Republic commenced
bankruptcy supervision procedure on the company.  The case is
docketed under Case No. A07-17375/06-G-MOG.

The Arbitration Court of Bashkortostan is located at:

         Oktyabrskoy Revolyutsii Str. 63a
         Ufa, Bashkortostan
         Russia

The Debtor can be reached at:

         LLC Crocus
         Khudayberdina Str. 138-37
         Sterlimaka
         452121 Bashkortostan
         Russia


GAS-ENERGO OJSC: Creditors Must File Claims by March 13
-------------------------------------------------------
Creditors declared OJSC Gas-Energo (TIN 2632016560) have until
March 13 to submit written proofs of claim to:

         L. Palyan, Insolvency Manager
         Office 304
         Chkalova Str. 6
         Essentuki
         357600 Stavropol
         Russia
         Tel: (887934)6-13-52

The Arbitration Court of Stavropol Region commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A63-11054/06-S5.

The Arbitration Court of Stavropol is located at:

         Mira Str. 458 b
         Stavropol
         Russia

The Debtor can be reached at:

         OJSC Gas-Energo
         Podstantsionnaya Str. 26
         Energetik
         Pyatigorsk
         357500 Stavropol
         Russia


OMSKIY GROATS: Creditors Must File Claims by March 13
-----------------------------------------------------
Creditors CJSC Omskiy Groats Factory (TIN 5507013447) have until
March 13 to submit written proofs of claim to:

         V. Ratkovskiy, Insolvency Manager
         13th floor
         K. Libknekhta Str. 35
         644043 Omsk
         Russia

The Arbitration Court of Omsk commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A46-4323/2006.

The Debtor can be reached at:

         CJSC Omskiy Groats Factory
         12 Dekabrya Str. 1
         644015 Omsk Region
         Russia


PILOT LLC: Creditors Must File Claims by Feb. 13
------------------------------------------------
Creditors of LLC Trading Company Pilot have until Feb. 13 to
submit written proofs of claim to:

         R. Islamov, Temporary Insolvency Manager
         Lunacharskogo Str. 2
         Oktyabrskiy
         452601 ashkortostan Republic
         Russia

The Arbitration Court of Bashkortostan Republic commenced
bankruptcy supervision procedure on the company.  The case is
docketed under Case No. A07-21959/06-A-GRA.

The Arbitration Court of Bashkortostan Republic is located at:

         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan Republic
         Russia

The Debtor can be reached at:

         R. Islamov, Temporary Insolvency Manager
         Lunacharskogo Str. 2
         Oktyabrskiy
         452601 ashkortostan Republic
         Russia


PONOMAREVSKAYA MACHINE-TECHNOLOGICAL: Claims Filing Ends Feb. 13
----------------------------------------------------------------
Creditors of OJSC Ponomarevskaya Machine-Technological
Station-21 have until Feb. 13 to submit written proofs of claim
to:

         N. Stulkov, Temporary Insolvency Manager
         Poymennaya Str. 20
         Solnchnyj
         460051 Orenburg
         Russia

The Arbitration Court of Orenburg commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A47-13332/2005-14gk.

The Arbitration Court of Orenburg Region is located at:

         9th January Str. 64
         460046 Orenburg
         Russia

The Debtor can be reached at:

         OJSC Ponomarevskaya Machine-Technological Station-21
         Ponomarevka
         Ponomarevskiy
         Orenburg
         Russia


SHATURSKAYA GARMENT: Creditors Must File Claims by Feb. 13
----------------------------------------------------------
Creditors CJSC Shaturskaya Garment Factory have until Feb. 13 to
submit written proofs of claim to:

         L. Vlasov, Insolvency Manager
         Office 19
         Building 2
         Pokrovka Str. 2/1
         101000 Moscow
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A41-K2-10690/06.

The Arbitration Court of Moscow is located at:

         Novaya Basmannaya Str. 10
         Moscow
         Russia

The Debtor can be reached at:

         CJSC Shaturskaya Garment Factory
         Sovetskaya Str. 46
         Shatura
         140700 Moscow
         Russia


TMK OAO: Shareholders Okay Revised Management Board Regulations
---------------------------------------------------------------
Shareholders of OAO TMK reviewed and approved the company's
revised Management Board Regulations at an extraordinary general
meeting on Jan. 17.

The revised Management Board Regulations of OAO TMK contain a
supplementary phrase in paragraph four "Rights, obligations and
responsibility of members of the Management Board" concerning a
new obligation for members of the Management Board to inform the
Board of Directors, the Audit Committee and the auditor of
OAO TMK in writing of their holdings in OAO TMK securities as
well as of the sale and (or) purchase of securities of OAO TMK.

Some 89.53% of shareholders took part in the meeting, and this
decision was supported by 89.18% of votes cast.

"The results of the vote show that the overwhelming majority of
shareholders support the drive at TMK for greater transparency
and openness of management with regard to shareholders of the
company and measures to prevent the use of insider information
in the trading of company's shares," OAO TMK's CEO Konstantin
Semerikov, said.

                             About TMK

Headquartered in Moscow, Russia, OAO TMK --
http://www.tmkgroup.ru/eng/-- manufactures the entire product
range of existing pipe products, which are used in the oil-and-
gas industry, the chemical and petrochemical industries, the
energy and machine-building industries, construction and the
municipal housing economy, shipbuilding, aviation, space and
rocket equipment, and agriculture.  TMK has production
facilities located in Russia and Romania, which unite the four
leading enterprises in the Russian pipe industry.

                        *     *     *

In a TCR-Europe report on Oct. 31, 2006, Standard & Poor's
Ratings Services kept its 'B+' long-term corporate credit rating
on Russia-based steel pipe producer OAO TMK on CreditWatch with
negative implications.  The ratings were originally placed on
CreditWatch on Sept. 4, 2006, pending clarification of the
company's eventual balance sheet structure.

On Sept. 11, 2006, Moody's Investors Service assigned a B1
corporate family rating to TMK and a (P)B2 senior unsecured
rating to the loan participation notes issued by TMK Capital
S.A., guaranteed by the operating subsidiaries of TMK.  Moody's
said the outlook on both ratings is positive.

On Sept. 9, 2006, the TCR-Europe reported that Standard & Poor's
Ratings Services assigned a 'B+' long-term corporate credit
rating to OAO TMK.  Standard & Poor's also assigned its 'B+'
preliminary senior unsecured debt rating to TMK's proposed
Eurobond, which will be issued by special-purpose vehicle TMK
Capital S.A.


TRANS-SERVICE CJSC: Creditors Must File Claims by Feb. 13
---------------------------------------------------------
Creditors of CJSC Trans-Service (TIN 084101255) have until
Feb. 13 to submit written proofs of claim to:

         O. Abasheva, Temporary Insolvency Manager
         Post User Box 1125
         OPS-1
         170001 Tver
         Russia

The Arbitration Court of Kalmykiya Republic commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A02-1211/06g.

The Debtor can be reached at:

         CJSC Trans-Service
         Room 505
         Lenina Str. 249
         Elista
         Kalmykiya Republic
         Russia


TUIMSKIY FACTORY: Creditors Must File Claims by Feb. 13
-------------------------------------------------------
Creditors of OJSC Tuimskiy Factory of Nonferrous Metals
have until Feb. 13 to submit written proofs of claim to:

         L. Sitkina, Temporary Insolvency Manager
         Yubileynaya Str. 18-53
         Chernogorsk
         655158 Khakasiya Republic
         Russia

The Arbitration Court of Khakasiya Republic commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A74-4119/2006.

The Debtor can be reached at:

         OJSC Tuimskiy Factory of Nonferrous Metals
         Tuim
         Shirinskiy
         Khakasiya Republic
         Russia


TULA-SPIRIT LLC: Creditors Must File Claims by March 13
-------------------------------------------------------
Creditors declared LLC Tula-Spirit have until March 13 to submit
written proofs of claim to:

         M. Bologov, Insolvency Manager
         Third Kurskaya Str. 15
         302004 Orel
         Russia

The Arbitration Court of Tula Region commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A68-462/B-06.

The Arbitration Court of Tula is located at:

         Hall 35
         Sovetskaya Str. 112
         Tula
         Russia

The Debtor can be reached at:

         LLC Tula-Spirit
         Lenina Pr. 85
         300600 Tula
         Russia


VESTA CJSC: Creditors Must File Claims by March 13
--------------------------------------------------
Creditors declared CJSC Vesta have until March 13 to submit
written proofs of claim to:

         I. Strogov, Insolvency Manager
         Office 3/7
         Chubynina Str. 35
         Salekhard
         629008 Yamalo-Nenetskiy Autonomous
         Russia

The Arbitration Court of Yamalo-Nenetskiy Autonomous Region
commenced bankruptcy proceedings against the company after
finding it insolvent.  The case is docketed under Case No.
A81-4405/2006.

The Arbitration Court of Yamalo-Nenetskiy Autonomous is located
at:

         Chubynina Str. 37A
         Salekhard
         Yamalo-Nenetskiy Autonomous
         Russia

The Debtor can be reached at:

         CJSC Vesta
         Vesta
         Noyabrsk
         Yamalo-Nenetskiy Autonomous
         Russia


VYSOKOYASKOYE CJSC: Creditors Must File Claims by March 13
----------------------------------------------------------
Creditors OJSC Vysokoyaskoye (TIN 7003003073) have until
March 13 to submit written proofs of claim to:

         A. Lastochkin, Insolvency Manager
         Post User Box 4793
         634034 Tomsk-34
         Russia

The Arbitration Court of Tomsk Region commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A67-3932/06.

The Arbitration Court of Tomsk Region is located at:

         Kirova Pr. 10
         634050 Tomsk
         Russia

The Debtor can be reached at:

         CJSC Vysokoyaskoye
         Vysokiy Yar
         Bakcharskiy
         636225 Tomsk
         Russia


YUKOS OIL: PKN Orlen Withdraws RUR2.9 Billion Bankruptcy Claim
--------------------------------------------------------------
PKN Orlen SA dropped a RUR2.9 billion (US$109 million) claim
against bankrupt OAO Yukos Oil Co. in exchange for the right to
participate in the auction of the latter's assets, according to
published reports.

The move came after Orlen acquired Yukos's 53.7% stake in
Mazeikiu Nafta for US$1.49 billion.  Orlen also purchased the
Lithuanian government's 30.66% stake in Mazeikiu for US$852
million.

"When PKN Orlen bought Mazeikiu, we agreed we wouldn't make any
claims against each other and any existing claims would be
settled out of court," Nikolai Lashkevich, a spokesman for
Yukos' receiver, was quoted by Bloomberg News as saying.

Orlen had been seeking compensation for losses caused when Yukos
was forced to cut oil deliveries to Poland after the Russian
government seized its assets, Torrey Clark and Nathaniel Espino
write for Bloomberg News.

                        About Mazeikiu

Headquartered in Mazeikiai District, Lithuania, Mazeikiu Nafta
-- http://nafta.it/en-- is an integrated downstream oil company
that comprises in one complex pipeline operations, oil refining,
marine terminal operations, and logistics of crude oil and
refined products.

                       About PKN Orlen

Headquartered in Poland, PKN Orlen operates three refineries
located in Plock, Trzebinia and Jedlicze.  It processes mainly
URAL blend crude oil, shipped from Russia via the Friendship
pipeline.  Alternative supplies of crude oil to Plock may be
sourced via the Pomerania pipeline, which connects the fuel
reloading facility on the Baltic Sea with the Plock refinery.
PKN ORLEN's retail network in Poland is made of 1,326 company
owned stations, 504 affiliated stations and 87 franchised
stations.

                        About Yukos Oil

Headquartered in Moscow, Yukos Oil -- http://yukos.com/-- is
an open joint stock company existing under the laws of the
Russian Federation.  Yukos is involved in energy industry
substantially through its ownership of its various subsidiaries,
which own or are otherwise entitled to enjoy certain rights to
oil and gas production, refining and marketing assets.

The Company filed for Chapter 11 protection on Dec. 14, 2004
(Bankr. S.D. Tex. Case No. 04-47742), but the case was
dismissed on Feb. 24, 2005, by the Hon. Letitia Z. Clark.  A few
days later, the Government sold its main production unit
Yugansk, to a little-known firm Baikalfinansgroup for US$9.35
billion, as payment for US$27.5 billion in tax arrears for 2000-
2003.  Yugansk eventually was bought by state-owned Rosneft,
which is now claiming more than US$12 billion from Yukos.

On March 10, 2006, a 14-bank consortium led by Societe Generale
filed a bankruptcy suit in the Moscow Arbitration Court in an
attempt to recover the remainder of a US$1 billion debt under
outstanding loan agreements.  The banks, however, sold the claim
to Rosneft, prompting the Court to replace them with the state-
owned oil company as plaintiff.

On April 13, 2006, court-appointed external manager Eduard
Rebgun filed a chapter 15 petition in the U.S. Bankruptcy Court
for the Southern District of New York (Bankr. S.D.N.Y. Case No.
06-0775), in an attempt to halt the sale of Yukos' 53.7%
ownership interest in Lithuanian AB Mazeikiu Nafta.

On May 26, 2006, Yukos signed a US$1.49 billion Share Sale and
Purchase Agreement with PKN Orlen S.A., Poland's largest oil
refiner, for its Mazeikiu ownership stake.  The move was made a
day after the Manhattan Court lifted an order barring Yukos from
selling its controlling stake in the Lithuanian oil refinery.

On Aug. 1, 2006, the Hon. Pavel Markov of the Moscow Arbitration
Court upheld creditors' vote to liquidate OAO Yukos Oil Co. and
declared what was once Russia's biggest oil firm bankrupt.


=====================
S W I T Z E R L A N D
=====================


DVP LLC: Aargau Court Starts Bankruptcy Proceedings
---------------------------------------------------
The Bankruptcy Court of Aargau commenced bankruptcy proceedings
against LLC DVP on Jan. 10.

The Debtor can be reached at:

         LLC DVP
         Hauptstrasse 11
         5512 Wohlenschwil
         Baden, Aargau
         Switzerland

The Bankruptcy Service of Aargau can be reached at:

         Bankruptcy Service of Aargau
         Office Baden
         5402 Baden
         Aargau
         Switzerland


ERNST GERBER: Creditors' Liquidation Claims Due March 1
-------------------------------------------------------
Creditors of JSC Ernst Gerber Bau have until March 1 to submit
their claims to:

         Daniel Leibundgut
         Liquidator
         Treuhand Leibundgut
         4917 Melchnau
         Aarwangen, Bern
         Switzerland

The Debtor can be reached at:

         JSC Ernst Gerber Bau
         Gondiswil
         Aarwangen, Bern
         Switzerland


GENERALBAU MATHIS: Creditors' Liquidation Claims Due February 21
----------------------------------------------------------------
Creditors of JSC Generalbau Mathis have until Feb. 21 to submit
their claims to:

         Mathis Arnold
         Liquidator
         Tellostrasse 16
         7000 Chur
         Plessur, Graubunden
         Switzerland

The Debtor can be reached at:

         JSC Generalbau Mathis
         Zurich
         Switzerland


GIPSERGESCHAFT MORINA: Aargau Court Starts Bankruptcy Process
-------------------------------------------------------------
The Bankruptcy Court of Aargau commenced bankruptcy proceedings
against LLC Gipsergeschaft Morina on Jan. 8.

The Debtor can be reached at:

         LLC Gipsergeschaft Morina
         Brunismattstrasse 7
         5610 Wohlen
         Bremgarten, Aargau
         Switzerland

The Bankruptcy Service of Aargau can be reached at:

         Bankruptcy Service of Aargau
         Office Baden
         5400 Baden
         Aargau
         Switzerland


INSTITUT VITAL: Creditors' Liquidation Claims Due February 23
-------------------------------------------------------------
Creditors of LLC Institut Vital Betriebs have until Feb. 23 to
submit their claims to:

         Walter Hansl and Eveline Ruegg
         Liquidators
         LLC R&H Management Services
         Rieterstrasse 35
         8002 Zurich
         Switzerland

The Debtor can be reached at:

         LLC Institut Vital Betriebs
         Zurich
         Switzerland


LUST-KICK BETRIEBS: Creditors' Liquidation Claims Due Feb. 23
-------------------------------------------------------------
Creditors of LLC Lust-Kick Betriebs have until Feb. 23 to submit
their claims to:

         Walter Hansl and Eveline Ruegg
         Liquidators
         LLC R&H Management Services
         Rieterstrasse 35
         8002 Zurich
         Switzerland

The Debtor can be reached at:

         LLC Lust-Kick Betriebs
         Opfikon
         Zurich
         Switzerland


MSS TECHNIK: Aargau Court Starts Bankruptcy Proceedings
-------------------------------------------------------
The Bankruptcy Court of Aargau commenced bankruptcy proceedings
against LLC MSS Technik on Jan. 9.

The Debtor can be reached at:

         LLC MSS Technik
         Tafernstrasse 3
         5405 Baden-Dattwil
         Aargau
         Switzerland

The Bankruptcy Service of Aargau can be reached at:

         Bankruptcy Service of Aargau
         Office Baden
         5402 Baden
         Aargau
         Switzerland


NOVA CHEMICALS: Moody's Puts Ba3 Debt Ratings on Review
-------------------------------------------------------
Moody's Investors Service placed NOVA Chemicals Corp. Ba3
corporate family and senior unsecured debt ratings on review for
possible downgrade following the company's announcement of
fourth quarter earnings and a US$772 million after-tax asset
write-down in its STYRENIX business unit.

While the asset write-down was not unexpected, its size,
combined with the lack of progress in monetizing this business,
heightens the company's credit risk.  Additionally, the
company's new segment breakout shows that both the Corunna and
Polyethylene businesses were only marginally profitable in 2006
on a fully allocated cost basis, which is a concern at this
point in the cycle.

The ratings review will seek to determine if NOVA can reasonably
be expected to reduce debt over the near term, perhaps through a
monetization of its STYRENIX business, and to determine if the
Corunna and Polyethylene businesses can become a significant
contributor to its cash flow going forward.  During 2006, NOVA
expressed desire to examine strategic options for its STYRENIX
business segment through a divestiture, joint venture, or spin
off.  In the company's conference call, the management indicated
that an asset sale was less likely.  Furthermore, the US$772
million after-tax write down of the STYRENIX assets will greatly
reduce shareholders equity; management has prudently revised the
terms of its bank agreements to maintain access to all of its
facilities and liquidity.

NOVA's future financial performance relies solely on its olefins
operations.  The Ba3 ratings assumed that all of NOVA's olefin
assets were providing a meaningful contribution to its
profitability and cash flow at this point in the cycle.  The
recent segment breakout indicates the potential for a
significantly higher concentration of profit at the Joffre
assets than was previously envisaged by the ratings.  NOVA's
Joffre olefins operations generated 87% of the company's
positive operating income in 2006 (while Corunna and
Polyethylene combined generated less than 15%); the results were
more skewed toward Joffre when looking at net income.

Additionally, the anticipated downturn in the ethylene and
polyethylene margins over the next several years and NOVA's
ability to generate financial metrics that solidly support the
Ba3 ratings over the cycle were risk factors that Moody's had
previously identified as have a potential negative impact on the
ratings.

On Review for Possible Downgrade:

   * NOVA Chemicals Corp.

     -- Corporate Family Rating, Placed on Review for Possible
        Downgrade, currently Ba3

     -- Senior Unsecured Notes and Debentures, Placed on Review
        for Possible Downgrade, currently Ba3, LGD4

Outlook Actions:

    * NOVA Chemicals Corp.

      -- Outlook, Changed To Rating Under Review From Negative

Nova Chemicals Company is headquartered in Calgary, Alberta,
Canada and is a leading producer of ethylene, polyethylene,
styrene, polystyrene, and expanded polystyrene.  NOVA reported
revenues of US$6.5 billion for year ending 2006.


QUEENS BETRIEBS: Creditors' Liquidation Claims Due February 23
--------------------------------------------------------------
Creditors of LLC Queens Betriebs have until Feb. 23 to submit
their claims to:

         Walter Hansl and Eveline Ruegg
         Liquidators
         LLC R&H Management Services
         Rieterstrasse 35
         8002 Zurich
         Switzerland

The Debtor can be reached at:

         LLC Queens Betriebs
         Opfikon
         Zurich
         Switzerland


SWISSAIR: UBS Denies Corti's Claim that Plan "Strangled" Company
----------------------------------------------------------------
Mario Corti, Swissair's last chief executive officer prior to
its collapse, testified in court that a UBS AG-led plan
"strangled" the company and led to its demise, Bloomberg News
reports.

Mr. Corti said in a court in Buelach, near Zurich, that the
company could have resorted to asset sales and other measures to
ensure its survival.  However, according to Mr. Corti, a UBS-led
group implemented Project Phoenix without his knowledge, in the
weekend before the airline's fleet was grounded on Oct. 2, 2001,
Bloomberg News states.

"The Swissair group was strangled by [...] Phoenix," said Mr.
Corti.  "The worst solution prevailed."

He further alleged that the bank sought to eliminate Swissair
and let Crossair, its regional unit, absorb the company.  The
company's assets were eventually merged with Crossair, creating
Swiss International Air Lines Ltd. in March 2002, Bloomberg News
relates.

"It was a failure of the whole system," Mr. Corti informed
journalists during the hearing's recess.  "The company could
have been saved."  UBS "had barely any risk, because the
substantial majority was held by foreign banks," he added.

UBS Chairman Marcel Ospel called Mr. Corti's allegations
"embarrassing," Swiss weekly SonntagsZeitung reports.  "UBS
doesn't stand before the court," said Mr. Ospel.  A UBS
spokesperson further added: "The grounding of the fleet was
because of indebtedness caused by the expansion strategies and
the operative policies of the SAirGroup," Swissair's parent
company.

                       UBS Statement

UBS published a 19-page document out of court on Feb. 1 slamming
the SairGroup, Swissair's parent group, for the delay in the
Swissair restructuring, Swiss Radio International reports.

"If there had been willingness and courage to go through with a
proper restructuring in good time, part of Swissair could
probably have been saved," the bank declared in the document.

UBS disclosed through its document that it only heard of Project
Phoenix on Sept. 29, 2001, at the board of directors' emergency
meeting.  The bank asked for the details on a second version of
the plan, which Mr. Corti discontinued in favor of Project
Phoenix, Swiss Radio International states.

Mr. Corti and former chief financial officer Jacqualyn Fouse,
had intended to sell the Swissport ground-handling unit and
Nuance, a duty-free retailer, among other plans, to revive the
company.  These proposals were made in the wake of a failed
expansion plan in the late 1990s and the decline in air travel
after the Sept. 11, 2001, terrorist attacks, Bloomberg News
says.

Both of them claim that the company had sufficient funds on
Sept. 17, 2001, when it requested the government for a CHF1
billion (US$800 million) loan.  They also rejected charges that
they delayed the request for protection from its creditors,
Swiss Radio International reveals.

Mr. Corti and Ms. Fouse, as well as 17 other top Swissair
executives and board members, face charges that include damaging
creditors, mismanagement, making false statements about the
business, and forging documents.

                         About Swissair

Swissair collapsed in 2001 after accumulating CHF17 billion in
debt in relation to significant investments in a number of
European airlines including Sabena, Air Liberte of France, and
Turkish Airlines.  It defaulted on the debt during the slump
that followed the Sept. 11, 2001, terrorist attacks in the U.S.


V.R.S. SICHERHEITSDIENST: Court Starts Bankruptcy Proceedings
-------------------------------------------------------------
The Bankruptcy Court of St. Gallen commenced bankruptcy
proceedings against LLC V.R.S. Sicherheitsdienst on Jan. 9.

The Debtor can be reached at:

         LLC V.R.S. Sicherheitsdienst
         Badstrasse 9
         9230 Flawil
         Wil, St. Gallen
         Switzerland

The Bankruptcy Service of St. Gallen can be reached at:

         Bankruptcy Service of St. Gallen
         Urs Benz
         9001 St. Gallen
         Switzerland


VEREINIGTE ZIEGELEIEN: Creditors' Liquidation Claims Due Feb. 15
----------------------------------------------------------------
Creditors of Vereinigte Ziegeleien Bern-Solothurn have until
Feb. 15 to submit their claims to:

         Gaus Peter and Stampfli Fred
         Liquidators
         Vereinigte Ziegeleien Bern-Solothurn
         3255 Rapperswil
         St. Gallen
         Switzerland

The Debtor can be reached at:

         Vereinigte Ziegeleien Bern-Solothurn
         3255 Rapperswil
         St. Gallen
         Switzerland


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


ARADON LLC: Creditors Must Submit Claims by February 16
-------------------------------------------------------
The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 24/796 b.

Creditors of LLC Aradon (code EDRPOU 32208837) have until
Feb. 16 to submit written proofs of claim to:

         Vladimir Monakov, Liquidator
         P.O. Box 16
         Tel: 516-86-40
         03110 Kiev
         Ukraine

The Economic Court of Kiev is located at:

         B. Hmelnitskij Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Aradon
         Livarskaya Str. 1
         04073 Kiev
         Ukraine


DNIEPR METAL: Creditors Must Submit Claims by February 16
---------------------------------------------------------
Creditors of LLC Dniepr Metal Supply (code EDRPOU 32302858) have
until Feb. 16 to submit written proofs of claim to:

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 15/726b.

The Economic Court of Kiev is located at:

         B. Hmelnitskij Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Dniepr Metal Supply
         Bubnov Str. 11/8
         03040 Kiev
         Ukraine


ELTEX LLC: Creditors Must Submit Claims by February 16
------------------------------------------------------
Creditors of LLC Eltex (code EDRPOU 32302858) have until Feb. 16
to submit written proofs of claim to:

         The Economic Court of Kiev
         B. Hmelnitskij Boulevard 44-B
         01030 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 15/725b.

The Debtor can be reached at:

         LLC Eltex
         40 Years of October Avenue 120
         03127 Kiev
         Ukraine


MEYHER-K LLC: Creditors Must Submit Claims by February 16
---------------------------------------------------------
Creditors of LLC Meyher-K (code EDRPOU 33599758) have until
Feb. 16 to submit written proofs of claim to:

         I. Fedorov, Liquidator
         Amosov Str. 4
         03141 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company on Dec. 28, 2006, after finding it
insolvent.  The case is docketed under Case No. 24/937b.

The Economic Court of Kiev is located at:

         B. Hmelnitskij Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Meyher-K
         Lihachev Boulevard 1/27
         01133 Kiev
         Ukraine


TRANSLINE LLC: Creditors Must Submit Claims by February 16
----------------------------------------------------------
The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 23/374b.

Creditors of LLC Transline (code EDRPOU 31110749) have until
Feb. 16 to submit written proofs of claim to:

         The Economic Court of Kiev
         B. Hmelnitskij Boulevard 44-B
         01030 Kiev Region
         Ukraine

The Debtor can be reached at:

         LLC Transline
         40 Years of October Avenue 120
         03127 Kiev
         Ukraine


UKRSOTSBANK: Loan Participation Notes Gets Fitch's B- Rating
------------------------------------------------------------
Fitch Ratings assigned Ukraine-based JSC Bank for Social
Development Ukrsotsbank's upcoming issue of limited recourse
loan participation notes an expected Long-term 'B-' rating and
an expected Recovery Rating 'RR4'.  The Long-term rating of the
notes is placed on Rating Watch Positive.

The limited recourse notes are to be issued by Credit Suisse
International for the sole purpose of financing a loan to
Ukrsots, which is rated Issuer Default 'B-', Short-term 'B',
Individual 'D' and Support '5'.  Ukrsots's Issuer Default and
Support ratings are on RWP.  The final ratings on the bond are
contingent upon receipt of final documentation conforming
materially to information already received.

Credit Suisse International's obligation is to solely account to
noteholders for amounts of principal and interest received from
Ukrsots.  Credit Suisse International will charge certain rights
and interests under the loan agreement to the trustee, The Bank
of New York, for the benefit of noteholders under a trust deed.

The claims under the loan agreement will rank at least equally
with the claims of other senior unsecured creditors of Ukrsots,
save those whose claims are preferred by any bankruptcy,
insolvency, liquidation or similar laws of general application.
Under Ukrainian law, the claims of retail depositors and account
holders rank above those of other senior unsecured creditors. At
end-9M06, retail deposits and accounts represented a high 34% of
total liabilities, according to the bank's reviewed IFRS
accounts.

The loan agreement contains covenants restricting mergers and
disposals by Ukrsots and its material subsidiaries, transactions
between the bank and its affiliates, and certain payments and
distributions by the bank and its subsidiaries.  It also
contains a cross default clause and a 'negative pledge' clause,
the latter of which allows for a degree of securitization by
Ukrsots.

In the event of any securitization, Fitch comments that the
nature and extent of any over-collateralization would be
assessed by the agency for any potential impact on unsecured
creditors.  Ukrsots must ensure full compliance with the
National Bank of Ukraine's minimum mandatory capital adequacy
requirement of 10%.

Fitch also notes that the draft prospectus contains an
additional clause specifying that the notes may be redeemed at
the option of the noteholders at their principal amount,
together with accrued interest to the date of redemption,
following the occurrence of a put event.

The latter is deemed to have occurred if Viktor Pinchuk or, if
and when the proposed sale of his controlling stake to Intesa
Sanpaolo S.p.A. is completed, Intesa or any of its affiliates
ceases to control 50% plus one share of the voting stock of
Ukrsots, and such an event results in a rating downgrade.

At end-2006, Ukrsots was the sixth-largest bank in Ukraine,
holding around 5.1% of system assets, and top five positions in
terms of market share in all major segments according to the
NBU.  Retail business has been the largest growth driver between
2004 and 2006, and at nine months ended 2006 retail loans and
deposits accounted for 52% and 34% of the loan book and funding
base, respectively.

The retail customer base comprises over a million individual
clients acquired through one of the largest nationwide networks,
comprising over 500 branches.  Viktor Pinchuk, who also owns
Interpipe Corp., currently indirectly owns Ukrsots one of the
largest private companies in Ukraine.


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


A CLARKE: Creditors' Meeting Slated for February 13
---------------------------------------------------
Creditors of A Clarke Flooring Ltd. will meet at 11:30 a.m. on
Feb. 13 at:

         Begbies Traynor
         Elliot House
         151 Deansgate
         Manchester M3 3BP
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, and unless they
are individual creditors attending in person ensure their proxy
forms are received at noon on Feb. 12 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 9.

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


ADVANCED MARKETING: Has Until March 9 to File Schedules
-------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware extended the time within which Advanced
Marketing Services Inc. and its debtor-affiliates must file
their Schedules and Statements under Rule 1007 of the Federal
Rules of Bankruptcy Procedure, through and including March 9.

The debtors previously asked the U.S. Bankruptcy Court for the
District of Delaware to extend to March 29 their deadline to
file:

  -- schedules of assets and liabilities;
  -- a schedule of current income and expenditure;
  -- a schedule of executory contracts and unexpired leases; and
  -- a statement of financial affairs.

Under Rule 1007(b) of the Federal Rules of Bankruptcy Procedure
and Rule 1007-1(b) of the Local Rules of Bankruptcy Practice and
Procedure of the U.S. Bankruptcy Court for the District of
Delaware, the Debtors are required to file their Schedules and
Statements within 30 days after filing their Chapter 11
petitions.

Paul N. Heath, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware, however, told Judge Christopher S. Sontchi
that because of the substantial size and scope of the Debtors'
business, the complexity of their financial affairs, the limited
staffing available to perform the required internal review of
their accounts and affairs, and the press of business incident
to the commencement of their cases, the Debtors were unable to
assemble, prior to Dec. 29, 2006, all of the information
necessary to complete and file the Schedules and Statements.

The Debtors will not be in a position to complete the Schedules
and Statements within the time specified in Bankruptcy Rule 1007
and Local Rule 1007-1(b), Mr. Heath said.  Completing the
Schedules and Statements for each of the Debtors, Mr. Heath
explained, will require the collection, review and assembly of
information from multiple locations throughout the United
States.

                    About Advanced Marketing

Based in San Diego, California, Advanced Marketing Services,
Inc. -- http://www.advmkt.com/-- provides customized
merchandising, wholesaling, distribution, and publishing
services, currently primarily to the book industry.  The company
has operations in the U.S., Mexico, the United Kingdom, and
Australia and employs about 1,200 people Worldwide.

The company and its two affiliates, Publishers Group
Incorporated and Publishers Group West Incorporated filed for
chapter 11 protection on Dec. 29, 2006 (Bankr. D. Del. Case Nos.
06-11480 through 06-11482).  Suzzanne S. Uhland, Esq., Austin K.
Barron, Esq., Alexandra B. Feldman, Esq., O'Melveny & Myers,
LLP, represent the Debtors as Lead Counsel.  Chun I. Jang, Esq.,
Mark D. Collins, Esq., and Paul Noble Heath, Esq., at Richards,
Layton & Finger, P.A., represent the Debtors as Local Counsel.
When the Debtors filed for protection from their creditors, they
listed estimated assets and debts of more than US$100 million.
The Debtors' exclusive period to file a chapter 11 plan expires
on Apr. 28, 2007.  (Advanced Marketing Bankruptcy News, Issue
No. 4; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


ALLIED INSTALLATION: Creditors' Meeting Slated for February 8
-------------------------------------------------------------
Creditors of Allied Installation and Maintenance Ltd. will meet
at 11:00 a.m. on Feb. 8 at the offices of:

         Cooper Young
         Kirkdale House
         Kirkdale Road
         London E11 1HP
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 6.


ALMIT BRICKWORK: Creditors' Meeting Slated for February 20
----------------------------------------------------------
Creditors of Almit Brickwork Contractors Ltd. will meet at
11:15 a.m. on Feb. 20 at:

         Armstrong Watson
         Central House
         47 St. Paul's Street
         Leeds LS1 2TE
         England

Secured creditors who want to vote at the meeting must submit
particulars of their security at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge on Feb. 16.


ANDREW WEIR: U.K. High Court Issues Winding Up Order
----------------------------------------------------
The High Court of England and Wales ordered Andrew Weir
Insurance Company Ltd. on Dec. 20, 2006, to begin winding-up
proceedings.

As a result of the court order, the company's Scheme of
Arrangement was also terminated on the same date.

Under Andrew Weir's Scheme of Arrangement, the Scheme
Administrators, Paul Evans and Nigel Rackham of
PricewaterhouseCoopers LLP, declared Scheme Dividends totaling
49.65% on Scheme Creditors' Established Liabilities.

The Debtor can be reached at:

         Andrew Weir Insurance Company Ltd.
         12 Plumtree Court
         London EC4A 4HT
         England


ARRAN FUNDING: Moody's Assigns Ba1 Rating on US$112.89-Mln Notes
----------------------------------------------------------------
Moody's Investors Service assigned these definitive ratings to
around US$112.89-million equivalent of asset-backed notes to be
issued by Arran Funding Ltd.:

   -- Ba1 to the EUR51.2 Series 2007-A Class A2 Notes; and
   -- Ba1 to the GBP24.0 Series 2007-A Class A3 Notes.

Arran Funding Ltd. Series 2007-A Class A2 Notes and Class A3
Notes which will be issued concurrently, will be the sixth
series to be issued out of the U.K. credit card master trust of
the Royal Bank of Scotland Plc and National Westminster Bank
plc.  Pursuant to the terms of the Series 2007-A Notes,
following pro-rata allocations of funds to the Series 2007-A,
such allocated funds may be used in priority to meet any
shortfalls in finance charge allocations to meet payments
required in respect of the outstanding existing Series 2005-A
and Series 2005-B issued out of the trust.  Moody's has taken
into account in its analysis the use of allocations to the
Series 2007-A Notes and views this feature as a very beneficial
support for the Existing Series.

The definitive rating of the Series 2007-A Class A2 Notes and
Class A3 Notes is based on the benefit of a spread trapping
account that will trap excess spread, in a manner similar to the
spread accounts that support the Class C Notes of the Existing
Series.  Upon closing, 25% of the Series 2007-A spread account
will be funded by a drawing made by the loan issuing entity
under the loan issuing entity expenses loan agreement, and the
unfunded portion may be funded from excess spread arising from
the pro-rata allocation of finance charge receivables from the
receivables trust to the Series 2007-A, any excess spread shared
from any Existing Series and amounts on deposit in the spread
account or reserve account of any Existing Series upon
redemption of the relevant Existing Series.

The definitive ratings address the expected loss posed to
investors by the legal final maturity date.  In Moody's opinion,
the structure allows for ultimate payment of interest and
principal at par on or before the rated legal final maturity
date.  Moody's ratings address only the credit risks associated
with the transaction.  Other non-credit risks have not been
addressed, but may have a significant effect on yield to
investors.  A rating is not a recommendation to purchase, sell
or invest in any securities.

Moody's assigned provisional ratings to this transaction on
Nov. 17, 2006.


BAA PLC: Readies US$15.7-Bln Airport Assets to Back Bond Issue
--------------------------------------------------------------
BAA Plc will guarantee its planned bond issue through about
US$15.7 billion of assets from its London airports, Esteban
Duarte writes for Bloomberg News.

BAA will pledge the income and assets of its Heathrow, Gatwick
and Stansted airports as collateral for the new bonds.  The
three airports posted GBP417 million in operating profit, 62% of
BAA's total operating income, for the year ended March 2006.

The airport will issue the bonds either March or April to
refinance GBP4.7 billion of acquisition loans used by parent
Grupo Ferrovial S.A. and GBP4.6 billion of its own bonds,
Bloomberg cited Michael Wilkins, head of infrastructure finance
at Standard & Poor's.

BAA will issue the bonds in pounds and euros through Airport
Development and Investment Ltd., a specially created finance
unit that parent Ferrovial used to acquire the airport operator.

The asset-backed bonds, known as whole business securitizations,
give investors many of the rights typically held by
shareholders, including firing executives and shuffling
management, Bloomberg News suggests.  The bonds, however, would
allow the borrower to get higher credit ratings and cut interest
costs.

"The corporate securitization is the only way BAA can refinance
such a huge amount of debt," Mondher Bettaieb-Loriot, of
Swisscanto Asset Management, said.  "If they tried to refinance
with corporate bonds they would lose their investment grade
rating."

S&P may give it's premium maximum safety rating of AAA to some
of bonds since they are covered by an insurer, Mr. Wilkins
added.

                         About BAA Plc

Headquartered in London, United Kingdom, BAA plc --
http://www.baa.com/-- owns and operates seven airports in the
United Kingdom, including Healthrow, the world's busiest
international airport, and Budapest Airport, serving 700
destination by around 300 airlines.  Its airports in the U.K.
handled over 117 million international passenger during the 12
months up to October 2005.  International passengers make up 81%
of its total U.K. airport traffic.  BAA had total assets of
GBP15.2 billion and pre-tax profits of GBP757 million for the
year ended March 31, 2006.

                        *     *     *

As of Feb. 6, BAA Plc carries these ratings from Moody's:

   -- Issuer Rating: Ba1
   -- GBP425-million convertible bonds due August 2009: Ba1
   -- GBP424-million convertible bonds due April 2008: Ba1
   -- GBP200-million 7.875% bonds due February 2007: Ba1


BAA PLC: Names D. Johnston as Scotland Unit's Managing Director
---------------------------------------------------------------
BAA Scotland, a unit of BAA Plc, appointed David Johnston as its
new managing director, following Richard Jeffrey's decision to
leave the airport company later this year.

Mr. Johnston, a 41-year old lighting industry executive from
County Durham, will join Edinburgh Airport in the next few
months, working closely with Richard Jeffrey before he leaves.

"I am enormously proud of Edinburgh Airport and the important
role we play in the life of Scotland and its capital city," Mr.
Jeffrey, who has led Edinburgh Airport for nearly six years and
is currently President of Edinburgh Chamber of Commerce, said.
"Having spent six great years at Edinburgh, the time is right
for me to move on, particularly as my family and I are settled
in Scotland and my career with BAA was unlikely to prove
compatible with the life I enjoy here."

"I wish David Johnston the best of success in his new role,
knowing that I leave an airport in good health, with an exciting
and growing network of international routes and an
infrastructure in which BAA has invested considerably," Mr.
Jeffrey added.

"I will be sorry to lose Richard from my management team in
Scotland, but he goes with our best wishes and understanding,"
Stephen Baxter, divisional managing director of BAA Scotland,
said.  "Richard's legacy is a profitable and efficient airport,
which has been transformed in recent years.  "At the same time,
I am pleased to welcome David Johnston to Edinburgh Airport and
look forward to working closely with him and the team at
Edinburgh to deliver the exciting changes we have planned for
Scotland's capital airport."

Mr. Johnston is currently operations director for Thorn Lighting
in Durham and has several years experience in the manufacturing
sector.

"Edinburgh Airport is a strong and fast-growing business and I
am excited at the challenges which lie ahead," Mr. Johnston
said.  "I am very much aware of the important role the airport
plays in Scotland and look forward to working with our
stakeholders to write the new chapters in Edinburgh Airport's
undoubted success story."

                         About BAA Plc

Headquartered in London, United Kingdom, BAA plc --
http://www.baa.com/-- owns and operates seven airports in the
United Kingdom, including Healthrow, the world's busiest
international airport, and Budapest Airport, serving 700
destination by around 300 airlines.  Its airports in the U.K.
handled over 117 million international passenger during the 12
months up to October 2005.  International passengers make up 81%
of its total U.K. airport traffic.  BAA had total assets of
GBP15.2 billion and pre-tax profits of GBP757 million for the
year ended March 31, 2006.

                        *     *     *

As of Feb. 6, BAA Plc carries these ratings from Moody's:

   -- Issuer Rating: Ba1
   -- GBP425-million convertible bonds due August 2009: Ba1
   -- GBP424-million convertible bonds due April 2008: Ba1
   -- GBP200-million 7.875% bonds due February 2007: Ba1


BIFROST INVESTMENTS: Fitch Affirms Class 10D Notes at BB+
---------------------------------------------------------
Fitch upgrades two Classes of Bifrost Investments Limited -
Series 13's and affirmed the rest as:

   -- EUR160 million Class 5A Series 13 due July 2008 affirmed
      at 'AAA';

   -- EUR115 million Class 5B Series 13 due July 2008 affirmed
      at 'AAA';

   -- EUR75 million Class 5C Series 13 due July 2008 upgraded to
      'AA+' from 'AA';

   -- EUR50 million Class 5D Series 13 due July 2008 upgraded to
      'BBB+' from 'BBB';

   -- EUR160 million Class 7A Series 13 due July 2010 affirmed
      at 'AAA';

   -- EUR130 million Class 7B Series 13 due July 2010 affirmed
      at 'AAA';

   -- EUR75 million Class 7C Series 13 due July 2010 affirmed at
      'A+';

   -- EUR62.5 million Class 7D Series 13 due July 2010 affirmed
      at 'BBB';

   -- EUR195 million Class 10A Series 13 due July 2013 affirmed
      at 'AAA';

   -- EUR135 million Class 10B Series 13 due July 2013 affirmed
      at 'AA+';

   -- EUR100 million Class 10C Series 13 due July 2013 affirmed
      at 'A'; and

   -- EUR75 million Class 10D Series 13 due July 2013 affirmed
      at 'BB+'.

The upgrades reflect the transaction's diminished risk due to
increased seasoning.  The Weighted Average Fitch Factor has
increased slightly to 3.7 from 3.42 in April 2006 although it
has remained within the 'BBB'/'BBB+' rating category.  The
portfolio has experienced some credit deterioration with
currently seven speculative-grade corporate entities, compared
to five in April 2006.  However, Fitch notes that increasing
seasoning has offset this deterioration.

At closing, Bifrost, a special purpose vehicle incorporated
under the laws of Ireland, entered into 12 mezzanine credit
default swaps with BNP Paribas, under which it provides notional
protection on a reference portfolio of 100 corporate entities
with a total notional value of EUR5 billion.  The mezzanine
swaps for each series relates to the same reference portfolio of
100 corporate entities, although the swaps have different loss
thresholds and different maturity dates.  Due to the Parmalat
SpA and Delphi Corporation credit events, the total value of the
portfolio has decreased to EUR4.9 billion and it currently
references 98 entities.


CABLE & WIRELESS: Has 2,384,239,440 Voting Rights as at Jan. 31
---------------------------------------------------------------
Cable and Wireless plc confirmed that as of Jan. 31 its issued
share capital consisted of 2,459,189,440 Ordinary Shares of 25
pence nominal value with voting rights.

The Company continues to hold 74,950,000 Ordinary Shares in
Treasury.

All changes to the Company's issued share capital since
Jan. 19 relate to the exercise of employee share options.

Therefore, as at Jan. 31 the total number of voting rights in
the Company is 2,384,239,440.  Shareholders may use this figure
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FSA's
Disclosure and Transparency Rules.

                   About Cable & Wireless

Headquartered in London, Cable & Wireless PLC --
http://www.cw.com/new/-- provides voice, data and IP (Internet
Protocol) services to business and residential customers, as
well as services to other telecoms carriers, mobile operators
and providers of content, applications and Internet services.
Its principal operations are in the United Kingdom, continental
Europe, Asia, the Caribbean, Panama and the Middle East.

                        *    *    *

Cable & Wireless Plc carry these ratings:

    * Moody's Investors Service

      -- Long-Term Corporate Family Rating: Ba3
      -- Senior Unsecured Debt: B1
      -- Short-Term: NP
      -- Outlook: Negative

    * Standard & Poor's

      -- Long-Term Foreign Issuer Credit Rating: BB-
      -- Long-Term Local Issuer Credit Rating: BB-
      -- Short-Term Foreign Issuer Credit Rating: B
      -- Short-Term Local Issuer Credit Rating: B
      -- Outlook: Negative


COLLINS & AIKMAN: Files List of Multi-Debtor Claims
---------------------------------------------------
Collins & Aikman Corp. and its debtor-affiliates filed with the
U.S. Bankruptcy Court for the Eastern District of Michigan a
list of multi-debtor claims that will receive only one Ballot
for their identical claims asserted in the same class of the
First Amended Joint Plan.

The list identifies the claims that have been omitted for voting
purposes, and the claims that have been allowed for voting
purposes.

A list of the multi-debtor claims allowed for voting purposes is
available for free at http://ResearchArchives.com/t/s?1933

                    About Collins & Aikman

Headquartered in Troy, Michigan, Collins & Aikman Corp.
-- http://www.collinsaikman.com/-- is a global leader in
cockpit modules and automotive floor and acoustic systems and is
a leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  The Company
has a workforce of around 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world.  The Company and its
debtor-affiliates filed for chapter 11 protection on May 17,
2005 (Bankr. E.D. Mich. Case No. 05-55927).  Richard M. Cieri,
Esq., at Kirkland & Ellis LLP, represents C&A in its
restructuring.  Lazard Freres & Co., LLC, provides the Debtor
with investment banking services.  Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee.  When the Debtors
filed for protection from their creditors, they listed
US$3,196,700,000 in total assets and US$2,856,600,000 in total
debts.  (Collins & Aikman Bankruptcy News, Issue No. 50;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


COLLINS SERVICES: Creditors' Meeting Slated for February 7
----------------------------------------------------------
Creditors of Collins Services (Bradford) Ltd. will meet at
10:30 a.m. on Feb. 7 at:

         1 Whitehall
         Whitehall Road
         Leeds LS1 4HR
         England

A list of names and addresses of the company's creditors will be
available for inspection between 10:00 a.m. and 4:00 p.m. on
Feb. 5 at:

         The P&A Partnership
         93 Queen Street
         Sheffield S1 1WF
         England

The P&A Partnership (aka Poppleton and Appleby) --
http://www.thepandapartnership.com/-- acts for all clearing
banks and a growing number of factors and asset lenders.  Its
clients include multinational PLCs, SMEs, financial
institutions, accountants, solicitors and business advisors


COLLINS STEWART: Fitch Cuts GBP150-Million Debt Rating to BB-
-------------------------------------------------------------
Fitch Ratings downgraded Collins Stewart Tullett plc's Issuer
Default rating to 'BB+' from 'BBB' and removed it from Negative
Rating Watch.  A Stable Outlook is assigned.

Simultaneously, following the restructuring that took place in
H206, Fitch has withdrawn CST's IDR with Outlook and assigned
CST's parent, Tullett Prebon plc, an IDR of 'BB+' with Stable
Outlook.  Finally, Fitch has downgraded the GBP150 million of
subordinated debt issued by CST to 'BB-' from 'BBB-'.

CST's IDR has been downgraded because of the substantial
increase in leverage that will arise following the debt-financed
return of GBP301.5 million of capital to shareholders that,
subject to shareholder and court approval, should take place in
March 2007.  A circular in this regard was posted to
shareholders.

Fitch believes the medium-term earnings outlook for the inter-
dealer broker industry to be favorable and TP to be capable of
further improvement in its margin and of EBITDA growth.  Absent
acquisitions, inter-dealer brokers have low capital expenditure
requirements and, consequently, there may be upside potential
for TP's IDR, should its leverage and earnings profile improve
over the medium term.

The notching of the group's GBP150-million subordinated debt has
been widened to two notches from the IDR from one notch.  This
reflects the deterioration in recovery assumptions following the
capital return, which will turn TP's consolidated tangible
equity into a deficit.

The capital return is being financed by a GBP300 million senior
bank loan, amortizing at GBP30 million per annum over the first
four years, with the GBP180m balance repayable in 2012.  The
group's GBP150-million subordinated bond has a call/step-up in
2009.  The group also has a GBP50m five-year bank facility.

TP is a holding company and owner of numerous subsidiaries that
constitute the world's second largest inter-dealer broker.  CST
is an intermediate holding company of the group.


COMPASS GROUP: Buys 1 Million Ordinary Shares for Cancellation
--------------------------------------------------------------
Compass Group PLC purchased on Jan. 31 1,000,000 ordinary shares
for cancellation at a price of 302.870854 pence per share
through Merrill Lynch International.

Following the purchase and upon cancellation of these shares,
the number of ordinary shares of Compass Group PLC in issue with
voting rights will be 2,038,054,488.

                       About the Company

Headquartered in the U.K., Compass Group PLC --
http://www.compass-group.com/-- is the world's leading
foodservice company, with 400,000 employees specializing in
providing food, vending and related services in over 90
countries, and annual revenues of GBP12 billion.

                        *     *     *

At Sept. 30, 2006, the company's balance sheet showed strained
liquidity with GBP2.503 billion in total assets available to pay
GBP2.533 billion in total liabilities coming due within the next
12 months.


CROXLEYS LTD: Creditors' Meeting Slated for February 23
-------------------------------------------------------
Creditors of Croxleys Ltd. will meet at 11:30 a.m. on Feb. 23
at:

         Carter Clark
         Meridian House
         62 Station Road
         North Chingford
         London E4 7BA
         England

Creditors who want to vote at the meeting have until noon on
Feb. 22 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

Alan J. Clark of Carter Clark will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.


DOPPLER LIFT: Creditors' Meeting Slated for February 23
-------------------------------------------------------
Creditors of Doppler Lift Installations Ltd. will meet at 10:30
a.m. on Feb. 23 at:

         Hilton London Gatwick Hotel
         South Terminal
         London Gatwick Airport
         Crawley RH6 0LL
         England

Secured creditors who want to vote at the meeting have until
noon on Feb. 22 to submit their proxy forms together with
particulars of their security at:

         Fourth Floor
         Southfield House
         11 Liverpool Gardens
         Worthing
         West Sussex BN11 1RY
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 21 at:

         Fourth Floor
         Southfield House
         11 Liverpool Gardens
         Worthing
         West Sussex BN11 1RY
         England


E. T. KNAGG: Creditors' Meeting Slated for February 13
------------------------------------------------------
Creditors of E. T. Knagg & Co. Ltd. will meet at 11:30 a.m. on
Feb. 13 at:

         Begbies Traynor
         Elliot House
         151 Deansgate
         Manchester M3 3BP
         England

Creditors who want to vote at the meeting have until noon on
Feb. 12 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 9.

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


FDS PROPERTY: Creditors' Meeting Slated for February 6
------------------------------------------------------
Creditors of FDS Property Services Ltd. will meet at 3:30 p.m.
on Feb. 6 at:

         Begbies Traynor
         32 Cornhill
         London EC3V 3BT
         England

Creditors have until noon on Feb. 5 to submit their proxy forms
together with particulars of their claims or of any security at
the said address.

Lloyd Biscoe of Begbies Traynor will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.

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


GAINSBOROUGH QUALITY: Creditors' Meeting Slated for February 13
---------------------------------------------------------------
Creditors Gainsborough Quality Foods Ltd. will meet at noon on
Feb. 13 at the offices of:

         Harris Lipman LLP
         2 Mountview Court
         310 Friern Barnet Lane
         Whetstone
         London N20
         England

Creditors have until noon on Feb. 12 to submit their proxy forms
at the said address.

A list of names and addresses of the company's creditors will be
available for inspection between 10:00 a.m. and 4:00 p.m. on
Feb. 9 and Feb. 12.


GENERAL MOTORS: Wants Increase in Battery Tech Research Funding
---------------------------------------------------------------
General Motors Corp. has asked the U.S. government to increase
funding in research and development in battery technology and to
support manufacturing of advanced batteries, David Shepardson of
Detroit News Washington Bureau reports.

The call, Detroit News says, comes as momentum is building on
Capitol Hill to force automakers to improve the efficiency of
their vehicles.

The automakers' move for alternative fuel is in conjunction with
its restructuring efforts, which, according to Reuters, focus on
cutting costs and improving cash flow.

To boost liquidity, Reuters says General Motors is considering a
possible sale of Allison Transmission -- its Indianapolis-based
subsidiary, which makes transmissions and hybrid propulsion
systems for commercial trucks and buses and military vehicles
and employs more than 4,000 workers.

In addition, General Motors said in a filing with the U.S.
Securities and Exchange Commission early this week that it will
be delaying the announcement of its 2006 year-end and fourth
quarter financial results but expects to report improved
performance in its automotive business, including record fourth
quarter revenue in 2006.  The company also said that it will
restate its financial statements, primarily due to pre-2002 tax
accounting adjustments.

GM indicated that its deferred tax liabilities, as previously
disclosed in its results for the third quarter of 2006 and prior
periods, were overstated due to errors that originally occurred
primarily before 2002.  While these errors do not impact cash
flow or previously reported cash balances, retained earnings as
of Dec. 31, 2001, and subsequent periods were understated by a
range of US$450 million to US$600 million as a result.

As reported in the Troubled Company Reporter-Latin America on
Jan. 30, 2007, Standard & Poor's Ratings Services said that
General Motors Corp.'s (GM; B/Negative/B-3) announcement that it
is restating financial results from 2002 through the third
quarter of 2006 raises new concerns about the integrity of the
company's financial reporting and internal controls, but has no
immediate effect on the ratings on GM, GMAC LLC
(BB+/Developing/B-1), or GMAC unit Residential Capital LLC
(ResCap; BBB/Negative/A-3).

GMAC, the rating agency said, has not yet finalized its
financial statements for 2006, after GM sold a majority stake in
the finance unit to an investor group in November.  GM still
expects to file its 10-K by the March 1, 2007, deadline.

S&P does not believe these errors will affect cash and cash
equivalents, which were US$26.4 billion at the end of 2006.
However, it said that the ratings could be placed on CreditWatch
with negative implications if GM were to miss the March 1 filing
date with the SEC, even with the brief and normally available
extension period.

                    About General Motors Corp.

General Motors Corp. (NYSE: GM) -- http://www.gm.com/-- is the
world's largest automaker and has been the global industry sales
leader since 1931.  Founded in 1908, GM employs about 284,000
people around the world.  It has manufacturing operations in
33 countries and its vehicles are sold in 200 countries.  GM
sells cars and trucks under these brands: Buick, Cadillac,
Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab,
Saturn and Vauxhall.

                          *     *     *

As reported in the Troubled Company Reporter-Europe on
Dec. 15, 2006, Standard & Poor's Ratings Services affirmed its
'B' corporate credit rating and other ratings on General Motors
Corp. and removed them from CreditWatch with negative
implications, where they were placed March 29, 2006.  S&P said
the outlook is negative.

As reported in the TCR-Europe on Nov. 16, 2006, Standard &
Poor's Ratings Services assigned its 'B+' bank loan rating to
General Motors Corp.'s proposed US$1.5 billion senior term loan
facility, expiring 2013, with a recovery rating of '1'.  The
'B+' rating was placed on Creditwatch with negative
implications, consistent with the other issue ratings of GM,
excluding recovery ratings.

At the same time, Moody's Investors Service assigned a Ba3,
LGD1, 9% rating to the proposed US$1.5 Billion secured term loan
of General Motors Corp.  The term loan will be secured by a
first priority perfected security interest in all of the U.S.
machinery and equipment, and special tools of GM and Saturn
Corp.


GENERAL MOTORS: Recalls 100,000 Chevrolet Cobalt Small Sedans
-------------------------------------------------------------
General Motors Corp. told the Associated Press that it was
taking back almost 100,000 Chevrolet Cobalt small sedans to
upgrade their head impact protection.

The recall affects 98,707 vehicles from the 2005-2006 model
years not equipped with optional roof-mounted side impact air
bags, AP relates, citing General Motors.

According to AP, General Motors found out the lack of impact air
bags during compliance testing.

General Motors told AP that dealers will install energy
absorbing plastic to the area.

The head impact protection would only be a problem for motorists
not wearing a seat belt.  Belted motorists would not be
affected, AP reports, citing General Motors spokesperson Alan
Adler.

                    About General Motors Corp.

General Motors Corp. (NYSE: GM) -- http://www.gm.com/-- is the
world's largest automaker and has been the global industry sales
leader since 1931.  Founded in 1908, GM employs about 284,000
people around the world.  It has manufacturing operations in 33
countries and its vehicles are sold in 200 countries.  GM sells
cars and trucks under these brands: Buick, Cadillac, Chevrolet,
GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and
Vauxhall.

                          *     *     *

As reported in the Troubled Company Reporter-Europe on
Dec. 15, 2006, Standard & Poor's Ratings Services affirmed its
'B' corporate credit rating and other ratings on General Motors
Corp. and removed them from CreditWatch with negative
implications, where they were placed March 29, 2006.  S&P said
the outlook is negative.

As reported in the TCR-Europe on Nov. 16, 2006, Standard &
Poor's Ratings Services assigned its 'B+' bank loan rating to
General Motors Corp.'s proposed US$1.5 billion senior term loan
facility, expiring 2013, with a recovery rating of '1'.  The B+'
rating was placed on Creditwatch with negative implications,
consistent with the other issue ratings of GM, excluding
recovery ratings.

At the same time, Moody's Investors Service assigned a Ba3,
LGD1, 9% rating to the proposed US$1.5 Billion secured term loan
of General Motors Corp.  The term loan will be secured by a
first priority perfected security interest in all of the U.S.
machinery and equipment, and special tools of GM and Saturn
Corp.


HOTTUBS DIRECT: Names Antony Robert Fanshawe as Administrator
-------------------------------------------------------------
Antony Robert Fanshawe of Fanshawe Lofts was named administrator
of Hottubs Direct Ltd. (Company Number 04544919) on Jan. 16.

The administrator can be reached at:

         Fanshawe Lofts
         41 Castle Way
         Southampton
         Hampshire SO14 2BW
         United Kingdom
         Tel: 023 8023 3522
         Fax: 023 8023 3504
         E-mail: arf@fanshawe-lofts.co.uk

Hottubs Direct Ltd. can be reached at:

         Yelfs Yard
         Botley Road
         Bishops Waltham
         Southampton
         Hampshire SO32 1DR
         United Kingdom
         Tel: 01489 891 309
         Fax: 01489 892 226


HPS PRINTING: Creditors' Meeting Slated for February 8
------------------------------------------------------
Creditors of HPS Printing Ltd. will meet at 11:00 a.m. on
Feb. 8 at:

         Tenon Recovery
         Highfield Court
         Tollgate
         Chandlers Ford
         Eastleigh
         Hampshire SO53 3TZ
         England

Creditors who want to vote at the meeting have until noon on
Feb. 7 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 6.

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


HURST PARNELL: Brings In KPMG as Joint Administrators
-----------------------------------------------------
Jonathan Scott Pope and Richard John Hill of KPMG LLP were
appointed joint administrators of Hurst Parnell Westland Ltd.
(Company Number 3754057) on Jan. 24.

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.

Headquartered in Bristol, England, Hurst Parnell & Co. Ltd.
-- http://hurstparnell.net/-- wholesales fresh fruits and
vegetables.


INXS LTD: Appoints Begbies Traynor as Joint Administrators
----------------------------------------------------------
Paul Stanley and Gary Norton Lee of Begbies Traynor were
appointed joint administrators of INXS Ltd. (Company Number
03944247) on Jan. 8.

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

INXS Ltd. can be reached at:

         Unit 23
         Hewitt Business Park
         Winstanley Road
         Billinge
         Wigan
         Lancashire WN5 7XB
         United Kingdom
         Tel: 01695 627 670
         Fax: 01695 627 679


J L SWEETMAN: Appoints Begbies Traynor to Administer Assets
-----------------------------------------------------------
David Hill and William John Kelly of Begbies Traynor were
appointed joint administrators of J L Sweetman & Sons Ltd.
(Company Number 03028903) on Jan. 2.

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

J L Sweetman & Sons Ltd. can be reached at:

         64 High Street
         Gorseinon
         Swansea
         West Glamorgan SA4 4BP
         United Kingdom
         Tel: 01792 895 231
         Fax: 01792 895 231


LADBROKES PLC: Hikes Issued Share Capital to 628,127,545
--------------------------------------------------------
Ladbrokes Plc disclosed that following the issue of
99,431 ordinary shares of 28 1/3p each between Jan. 22 and
Jan. 29, the company's issued share capital now consists of
628,127,545 Ordinary shares of 28p each with voting rights.

No shares are held in Treasury.

The total voting rights figure of 628,127,545 may be used by
shareholders as the denominator for the calculations by which
they will determine if they are required to notify Their
interest in, or a change in their interest in, Ladbrokes under
the FSA's disclosure and transparency rules.

                        About Ladbrokes

Headquartered in Watford, United Kingdom, Ladbrokes plc --
http://www.ladbrokesplc.com/-- engages in fixed odds betting.
The company is comprised of Ladbrokes, the biggest retail
bookmaker in the U.K. and Ireland, Ladbrokes.com, a world-
leading provider of interactive betting and gaming services,
Vernons, the leading football pools operator and Ladbrokes
Casinos, which opened its first casino at the Hilton London
Paddington in July 2006.

                        *     *     *

As reported in the TCR-Europe on Oct. 26, 2006, Standard &
Poor's Ratings Services affirmed its 'BB' ratings on the senior
unsecured debt of the U.K.-based gaming operator Ladbrokes PLC
and its guaranteed subsidiary Ladbrokes Group Finance PLC, and
removed the ratings from CreditWatch with negative implications.

Moody's Investors Service downgraded in February 2006 the senior
unsecured long-term ratings of Hilton Group Plc (nka Ladbrokes
Plc) and its guaranteed subsidiaries to Ba2 from Baa3; the
outlook is stable.


MASTER WEAVERS: Creditors' Meeting Slated for February 16
---------------------------------------------------------
Creditors of Master Weavers Ltd. will meet at 2:30 p.m. on
Feb. 16 at:

         Moore Stephens LLP
         Beaufort House
         94-96 Newhall Street
         Birmingham B3 1PB
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 14 and Feb. 15.

Moore Stephens -- http://www.moorestephens.co.uk/-- offers
audit, business support, corporate finance, corporate recovery,
dispute analysis, financial services, insurance broking, IT
consultancy, pensions audit, risk advisory services, tax and
trusts & estates services.  Its U.K. network comprises over
1,400 partners and staff.


MINERVA INTERNATIONAL: Taps BDO Stoy to Administer Assets
---------------------------------------------------------
David Harry Gilbert and Martha Hanora Thompson of BDO Stoy
Hayward LLP were appointed joint administrators of Minerva
International Ltd. (Company Number 01706526) on Jan. 3.

BDO Stoy Hayward -- http://www.bdo.co.uk/-- focuses on business
assurance (audit), corporate advisory, tax, and investment
management services, specializing in such industries as
charities, educational institutions, family businesses,
financial services, leisure, and hospitality.  The company is
the U.K. arm of BDO International and has offices in more than
15 cities throughout the U.K.

Minerva International Ltd. can be reached at:

         86 London Street
         Reading
         Berkshire RG1 4SQ
         United Kingdom
         Tel: 0118 959 0099
         Fax: 0118 951 0253


MISYS PLC: Transfers 12,225 Ordinary Shares Held in Treasury
------------------------------------------------------------
Misys plc transferred on Jan. 31 12,225 ordinary shares at
prices between 211 pence and 230.5 pence per share to
participants in its employee share schemes.  The shares were all
formerly held as Treasury shares.

Following the above transfer of shares out of Treasury, Misys
holds a total of 50,787,946 ordinary shares in Treasury.  The
total number of ordinary shares in issue (excluding Treasury
shares) is 500,939,090.

Headquartered in the United Kingdom, Misys PLC --
http://www.misys.com/-- provides industry-specific software
serving the international banking and healthcare industries and
the U.K. general insurance industry.

At Nov. 30, 2006, the Company's balance sheet showed strained
liquidity with GBP266.5 million in total current assets
available to pay GBP331.9 million in total liabilities coming
due within the next 12 months.


MORGAN & FONE: Creditors' Meeting Slated for February 9
-------------------------------------------------------
Creditors of Morgan & Fone Ltd. will meet at noon on Feb. 9 at
the offices of:

         Gerald Edelman Business Recovery
         25 Harley Street
         London W1G 9BR
         England

Creditors who want to vote at the meeting have until noon on
Feb. 8 to submit their proxy forms together with particulars of
their claims or of any security at:

         Suite 1
         Kent House
         Station Road
         Ashford
         Kent TN23 1PP
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 7 at the offices of Gerald Edelman Business
Recovery.

Gerald Edelman -- http://www.geraldedelman.com/-- offers
services that include auditing, business development, business
recovery, company registration, corporate finance, independent
financial planning, litigation support services, IT solutions,
taxation, and trusts.


NEW SOUND: Creditors' Meeting Slated for February 8
---------------------------------------------------
Creditors of New Sound 2000 Ltd. will meet at 11:30 a.m. on
Feb. 8 at:

         Regus
         Lakeside House
         1 Furzeground Way
         Stockley Park
         Heathrow UB11 1BD
         England

Creditors who want to vote at the meeting have until noon on
Feb. 7 to submit their proxy forms together with particulars of
their claims or of any security at:

         Robert Day and Co. Ltd.
         Garfield, Church Lane
         Oving
         Aylesbury
         Buckinghamshire HP22 4HL
         England

Robert Day of Robert Day and Co. Ltd. will furnish creditors
with information concerning the company's affairs free of charge
as they may reasonably require.


NWD GROUP: Brings In Joint Administrators from Moore Stephens
-------------------------------------------------------------
Phillip Sykes and Nigel Price of Moore Stephens LLP, on Jan. 16,
were appointed joint administrators of:

    -- NWD Group Plc (Company Number 3963747);
    -- The Design Clinic Ltd. (Company Number 2239404);
    -- The Alternative Agency Ltd. (Company Number 4367883);
    -- Oneshoe Digital Ltd. (Company Number 3658228); and
    -- Twentyfirst Century Communications Ltd.
       (Company Number 4927392).

Moore Stephens -- http://www.moorestephens.co.uk/-- offers
audit, business support, corporate finance, corporate recovery,
dispute analysis, financial services, insurance broking, IT
consultancy, pensions audit, risk advisory services, tax and
trusts & estates services.  Its U.K. network comprises over
1,400 partners and staff.

NWD Group Plc can be reached at:

         29-35 Rathbone Street
         City of Westminster
         London WT1 1NJ
         England
         Tel: 020 8214 1480
         Fax: 01206 382 269


ORIENTAL EXPRESS: Appoints Administrators from BDO Stoy
-------------------------------------------------------
Francis Graham Newton and David Gilbert of BDO Stoy Hayward LLP
were appointed joint administrators of Oriental Express Frozen
Foods Ltd. (Company Number 04573429) on Jan. 17.

BDO Stoy Hayward -- http://www.bdo.co.uk/-- focuses on business
assurance (audit), corporate advisory, tax, and investment
management services, specializing in such industries as
charities, educational institutions, family businesses,
financial services, leisure, and hospitality.  The company is
the U.K. arm of BDO International and has offices in more than
15 cities throughout the U.K.

Oriental Express Frozen Foods Ltd. can be reached at:

         Parker Drive
         Fakenham
         Norfolk NR21 8RP
         England
         Tel: 01328 855 120


OTTAWAY INTERIORS: Brings In Administrators from Begbies Traynor
----------------------------------------------------------------
D F Wilson and J N R Pitts of Begbies Traynor were appointed
joint administrators of Ottaway Interiors Ltd. (Company Number
27238208) on Jan. 15.

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

Ottaway Interiors Ltd. can be reached at:

         21-22 West Park
         Harrogate
         North Yorkshire HG1 1BJ
         United Kingdom
         Tel: 01423 566 566
         Fax: 01423 564 830


P A BEVERIDGE: Taps Menzies to Administer Assets
------------------------------------------------
Andrew Gordon Stoneman and Paul David Williams of Menzies
Corporate Restructuring were appointed joint administrators of P
A Beveridge Flooring Ltd. (Company Number 03917712) on Jan. 10.

Menzies Corporate Restructuring -- http://www.menzies.co.uk/--
provides corporate restructuring services including: services
for directors or stakeholders of troubled businesses; services
to Lenders of troubled businesses; raising rescue funding at
short notice; and forensic and fraud services.

P A Beveridge Flooring Ltd. can be reached at:

         T M L House
         The Anchorage
         Gosport
         Hampshire PO12 1LY
         United Kingdom
         Tel: 01329 823 737


P M S NEWS: Taps Recovery hjs as Joint Administrators
-----------------------------------------------------
Shane Biddlecombe and Gordon John Johnston of Recovery hjs were
appointed joint administrators of P M S News Ltd. (Company
Number 05548164) on Jan. 3

The administrators can be reached at:

         Shane Biddlecombe and Gordon John Johnston
         Recovery hjs
         12-14 Carlton Place
         Southampton
         Hampshire SO15 2EA
         United Kingdom
         Tel: 023 8023 4222
         Fax: 023 8023 4888
         E-mail: gordon.johnston@hjsaccountants.co.uk

P M S News Ltd. can be reached at:

         3 Fairbank Road
         Lintot Square
         Southwater
         Horsham
         West Sussex RH13 9LA
         United Kingdom
         Tel: 01403 731 526
         Fax: 01403 731 444


PROVENTUS EUROPEAN: S&P Assigns B Rating to Class F Notes
---------------------------------------------------------
Standard & Poor's Ratings Services assigned its preliminary
credit ratings to the EUR115 million secured floating-rate
credit-linked notes to be issued by Proventus European
ABS CDO PLC, an SPE.

This is a synthetic CDO transaction for Mizuho Corporate Bank
Ltd., arranged by Merrill Lynch International.

On the effective date, Proventus will issue notes that are
credit-linked to a portfolio initially comprising 223 asset-
backed securities.  For this purpose, Proventus will enter into
a CDS with Mizuho, under which the issuer will make protection
payments to the counterparty if the cumulative losses in the
portfolio exceed the available credit support of each class of
notes.  Losses will be allocated based on reverse sequential
order, starting with the class F notes.  In return, the issuer
will receive quarterly premium payments from the CDS
counterparty.  The note issuance will transfer the issuer's
exposure under the CDS.

At closing, the issuer will invest the class A and B note
proceeds in senior collateral.  This will comprise EUR40 million
of bonds issued by Depfa Bank PLC. The proceeds of the class C,
D, E, and F notes will be placed in initial time deposit with
Mizuho.

The issuer will also enter into a par put swap agreement for the
class A and B notes. Any cash settlement amounts regarding these
two classes of notes will be funded under the par put swap
agreement.

                          Ratings List

                   Proventus European ABS CDO PLC
      EUR115 Million Secured Floating-Rate Credit-Linked Notes

                           Prelim.        Prelim Amount
            Class          rating           (EUR Mil)
            -----          -------        -------------
            A              AAA                 12
            B              AA                  28
            C              A                   20
            D              BBB                 25
            E              BB                  20
            F              B                   10


RBA PLASTICS: Appoints KPMG as Joint Administrators
---------------------------------------------------
Paul Andrew Flint and Brian Green of KPMG Corporate
Restructuring were appointed joint administrators of RBA
Plastics Ltd. on Jan. 18.

"We are working directly with customers to try and find a
solution so that production can continue," Paul Flint told
Creditman UK.

According to Creditman, the company had undergone two previous
insolvencies.  It was first bought from the receivers of Rolinx
Plastics Ltd. following its administration in February 2006.
Rolinx acquired the business from the receivers of Transtec
Ltd., which failed in 2000.

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.

Headquartered in Manchester, England, RBA Plastics Ltd.
manufactures and supplies injection moulding to automotive and
domestic appliance manufacturers.  The company has 170 employees
across the North West and Wales.  For year ended 2006 the
company's turnover is around GBP20 million.


RUSSELLTON LTD: Creditors' Meeting Slated for February 9
--------------------------------------------------------
Creditors of Russellton Ltd. will meet at 11:00 a.m. on Feb. 9
at:

         Holiday Inn
         Emerson Road
         Washington NE37 1LB
         England

Creditors who want to vote at the meeting have until noon on
Feb. 8 to submit their proxy forms together with particulars of
their claims or of any security at:

         C12 Marquis Court
         Marquis Way
         Team Valley
         Gateshead NE11 0RU
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 7 at:

         C12 Marquis Court
         Marquis Way
         Team Valley
         Gateshead NE11 0RU
         England


SEA CONTAINERS: Train Unit Recognized for High Standard Stations
----------------------------------------------------------------
Passenger Focus, an independent rail consumer watchdog in the
U.K., has recognized Great North Eastern Railway, British unit
of Sea Containers Ltd., for the high standards of its station
facilities.

About 87% of the passengers surveyed were satisfied with GNER's
station facilities, as well as train facilities.  Connections
with other forms of public transport from the station, provision
of information about train times/platforms, and staff handling
to certain passenger requests in its stations were among the
criteria, which GNER earned high marks from respondents.

With respect to its train facilities, GNER scored the highest
among long distance train operators for 'room to sit or stand',
with 74% of passengers satisfied.

According to Edinburgh News, the Passenger Focus survey follows
a GBP1 million investment by GNER to install new easy-to-read
platform departure monitor screens at its stations.

Passenger Focus surveyed over 25,000 passengers of Great
Britain's railways.

                      About Sea Containers

Headquartered in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they reported
US$1.7 billion in total assets and US$1.6 billion in total
debts.  (Sea Containers Bankruptcy News, Issue No. 10;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


SISTRA LTD: Creditors' Meeting Scheduled for February 13
--------------------------------------------------------
Creditors of Sistra Ltd. will meet at 10:30 a.m. on Feb. 13 at:

         Renaissance Derby/Nottingham Hotel
         M1 J28 Carter Lane East
         South Normanton DE55 2EH
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb 9 at:

         The P&A Partnership
         93 Queen Street
         Sheffield S1 1WF
         England

The P&A Partnership (aka Poppleton and Appleby) --
http://www.thepandapartnership.com/-- acts for all clearing
banks and a growing number of factors and asset lenders.  Its
clients include multinational PLCs, SMEs, financial
institutions, accountants, solicitors and business advisors.


SOLUTIA INC: Wants Plan-Filing Period Extended Through June 29
--------------------------------------------------------------
Solutia Inc. and its debtor-affiliates ask the U.S. Bankruptcy
Court for the Southern District of New York to further extend
their exclusive periods to file a plan of reorganization through
and including April 30, 2007, and to solicit acceptances of that
plan through and including June 29, 2007.

Jonathan S. Henes, Esq., at Kirkland & Ellis LLP, in New York,
tells the Honorable Prudence Carter Beatty that the Debtors have
used the previous extensions of their Exclusive Periods to make
significant progress on three potential paths to:

   (1) seek confirmation of a modified version of a Global
       Settlement, which would provide the 2027 and 2037
       noteholders a higher percentage recovery than the general
       unsecured creditors to resolve the JPM Adversary
       Proceeding;

   (2) work on another potential plan that would be funded by
       the proceeds from the sale of the equity of reorganized
       Solutia; and

   (3) analyze the viability of an alternative plan to sell
       certain businesses, use the cash proceeds from the sales
       to satisfy liabilities and pay creditors, and reorganize
       around the remaining businesses.

Mr. Henes discloses that in late November 2006, the Debtors
prepared and provided a proposal for the Equity Premium Plan to
its major stakeholders.  In addition, beginning in late
November 2006, the Debtors began a month-long sales process,
during which it contacted 18 potential purchasers and obtained
indications of interest from six of them.  He states that the
Debtors are continuing to work with the parties that submitted
the bids and its stakeholders to develop the Sale Plan.

Moreover, Mr. Henes says that the stakeholders whose claims were
not satisfied in cash would receive the equity of the
reorganized company pursuant to the Modified Sale Plan.

Jeffry N. Quinn, Chairman, President and Chief Executive Officer
of Solutia, attests that the company has stabilized and improved
its businesses, maximized the value of the estate, and provided
for a fair distribution of value to its creditors by
implementing its four-part strategy, in which:

   (a) Solutia improved its financial operating performance by
       recruiting a new management team that instilled greater
       commercial discipline across all business lines, achieved
       greater operating performance in its plants, reduced
       overhead costs, and used the Chapter 11 process to reject
       unfavorable contracts;

   (b) Solutia has improved the quality of its asset portfolio;

   (c) Solutia addressed its legacy liabilities by negotiating
       an agreement in principle that reallocated the majority
       of them back to Monsanto Company; and

   (d) Solutia is working to ensure that it has a competitive
       capital structure upon emergence by pursuing a plan of
       reorganization that would leave the company with a much
       improved and reasonably competitive balance sheet.

Mr. Quinn relates that Solutia has reached an agreement in
principle with Monsanto and the Official Committee of Unsecured
Creditors in June 2005.  Solutia also negotiated a comprehensive
settlement with the Official Committee of Retirees, providing
for a US$175,000,000 trust for the benefit of the company's
20,000 retirees in exchange for significant reductions in future
retiree medical and life insurance obligations.

Mr. Quinn states, however, that the Plan confirmation process
was stalled because:

   (i) two pending adversary proceedings were commenced by (x)
       the Official Committee of Equity Security Holders against
       Monsanto and Pharmacia Corp. in March 2005, and (y)
       JPMorgan Chase Bank, as indenture trustee, against
       Solutia in May 2005; and

  (ii) many of the stakeholders with whom Solutia negotiated the
       Global Settlement are no longer involved in the
       bankruptcy cases, and the successors want to negotiate a
       new deal.

Mr. Quinn states that Solutia is currently working to
renegotiate an amended plan with the new constituents.  However,
the renegotiation has proved challenging because the new
constituents have a different set of perspectives and
expectations than their predecessors, Mr. Quinn tells Judge
Beatty.

Furthermore, Mr. Quinn avers that even if the Debtors were to
reach an agreement now with their stakeholders on the Proposal
or with a potential purchaser under the Sale Plan or Modified
Sale Plan, the Debtors would still not be able to confirm an
amended plan by Feb. 13, 2007.

Mr. Henes asserts that extension of the Exclusive Periods is
necessary and appropriate for the Debtors to work out a deal
under any of the Emergence Paths.  Mr. Henes maintains that any
additional extension would not pressure creditors, but rather
would provide the Debtors with the time to continue their
efforts to good-faith negotiations between and among their
stakeholders, without any one stakeholder exerting unwarranted
leverage over negotiations.

Furthermore, Mr. Henes contends that an exclusivity extension is
necessary to allow for a Plan confirmation without a final, non-
appealable judgment in the JPMorgan Adversary Proceeding.
Similarly, the Equity Committee Adversary Proceeding must be
resolved before a plan can be approved because of its impact on
the Global Settlement, he maintains.

Mr. Henes assures the Court that no party will be prejudiced by
an extension of the Exclusive Periods because Solutia is paying
its debts as they become due, as supported by the Debtors'
Court-approved US$1,225,000,000 of debtor-in-possession
financing.

Mr. Henes maintains that if Solutia loses exclusive control of
the plan process, it could jeopardize the Global Settlement,
which is necessary to any plan of reorganization.  Any
disruption in Solutia's control over the plan process could be
debilitating and distract Solutia from moving forward with its
reorganization efforts, he points out.

The Court will convene a hearing on Feb. 8, 2007, at
11:00 a.m., Eastern Time, to consider the Debtors' request.

                       About Solutia Inc.

Headquartered in St. Louis, Missouri, Solutia, Inc.
(OTCBB:SOLUQ) -- http://www.solutia.com/-- with its
subsidiaries, make and sell a variety of high-performance
chemical-based materials used in a broad range of consumer and
industrial applications.  The Company filed for chapter 11
protection on Dec. 17, 2003 (Bankr. S.D.N.Y. Case No. 03-17949).
When the Debtors filed for protection from their creditors, they
listed US$2,854,000,000 in assets and US$3,223,000,000 in debts.
Solutia is represented by Richard M. Cieri, Esq., at Kirkland &
Ellis.  Daniel H. Golden, Esq., Ira S. Dizengoff, Esq., and
Russel J. Reid, Esq., at Akin Gump Strauss Hauer & Feld LLP
represent the Official Committee of Unsecured Creditors, and
Derron S. Slonecker at Houlihan Lokey Howard & Zukin Capital
provides the Creditors' Committee with financial advice.
(Solutia Bankruptcy News, Issue No. 78; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


VANTAGE TECHNOLOGIES: Creditors' Meeting Slated for February 21
---------------------------------------------------------------
Creditors of Vantage Technologies (U.K.) Ltd. will meet at
11:30 a.m. on Feb. 21 at:

         Kent House
         Station Road
         Ashford
         Kent TN23 1PP
         England

Creditors who want to vote at the meeting have until noon on
Feb. 20 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 19.


WILLIAMS PRECISION: Creditors' Meeting Slated for February 14
-------------------------------------------------------------
Creditors of Williams Precision Engineering Services Ltd. will
meet at 10:30 a.m. on Feb. 14 at:

         Begbies Traynor
         Tudor Cottages
         Footscray High Street
         Sidcup DA14 5HN
         England

Creditors have until noon on Feb. 13 to submit their proxy forms
together with particulars of their claims or of any security at:

         The Old Exchange
         234 Southchurch Road
         Southend-on-Sea
         Essex SS1 2EG
         England

Lloyd Biscoe of Begbies Traynor will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.

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


WILTSHIRE INT'L: Creditors' Meeting Slated for February 12
----------------------------------------------------------
Creditors of Wiltshire International Horse Transport Ltd. will
meet at 10:30 a.m. on Feb. 12 at:

         65 St. Edmunds Church Street
         Salisbury
         Wiltshire SP1 1EF
         England

Creditors who want to vote at the meeting have until noon on
Feb. 9 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 8.


WINCANTON PLC: Sept. 30 Balance Sheet Upside-Down by GBP20.2 Mln
----------------------------------------------------------------
Wincanton plc released its unaudited interim financial results
for the half year ended Sept. 30, 2006.

Wincanton reported GBP10.1 million in net profit against
GBP931.8 in revenues for the half year ended Sept. 30, 2006,
compared with GBP10.6 million net profit against GBP879.8
million in revenues for the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed GBP707
million in total assets and GBP727.2 million in total
liabilities, resulting in a GBP20.2 million stockholders'
deficit.

The company's Sept. 30 balance sheet also showed strained
liquidity with GBP389 million in current assets available to pay
GBP464.9 million in total liabilities coming due within the next
12 months.

Headquartered in Chippenham, England, Wincanton plc --
http://www.wincanton.co.uk/-- is a contract logistics services
business, which designs, implements and operates a range of
supply chain management solutions.


WINCANTON PLC: Has 120,145,932 Total Voting Rights as at Jan. 31
----------------------------------------------------------------
Wincanton Plc disclosed that as of Jan. 31, its capital consists
of 120,145,932 Ordinary Shares of 10 pence each with equal
voting rights.  Wincanton plc holds no ordinary shares in
Treasury.

Therefore, the total number of voting rights in Wincanton is
120,145,932.

The total voting rights figure of 120,145,932 may be used by
shareholders as the denominator for the calculations by which
they will determine if they are required to notify their
interest in, or a change to their interest in, Wincanton under
the FSA's Disclosure and Transparency Rules.

Headquartered in Chippenham, England, Wincanton plc --
http://www.wincanton.co.uk/-- is a contract logistics services
business, which designs, implements and operates a range of
supply chain management solutions.

At Sept. 30, 2006, the company's balance sheet showed GBP707
million in total assets and GBP727.2 million in total
liabilities, resulting in a GBP20.2 million stockholders'
deficit.

The company's Sept. 30 balance sheet also showed strained
liquidity with GBP389 million in current assets available to pay
GBP464.9 million in total liabilities coming due within the next
12 months.


WINDMILL MACHINE: Creditors' Meeting Scheduled for February 19
--------------------------------------------------------------
Creditors of Windmill Machine Services Ltd. will meet at
11:00 a.m. on Feb. 19 at:

         Moore Stephens LLP
         Beaufort House
         94-96 Newhall Street
         Birmingham B3 1PB
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 15 and Feb. 16 at the said address.

Moore Stephens -- http://www.moorestephens.co.uk/-- offers
audit, business support, corporate finance, corporate recovery,
dispute analysis, financial services, insurance broking, IT
consultancy, pensions audit, risk advisory services, tax and
trusts & estates services.  Its U.K. network comprises over
1,400 partners and staff.

                           *********

Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets.  At first glance, this list
may look like the definitive compilation of stocks that are
ideal to sell short.  Don't be fooled.  Assets, for example,
reported at historical cost net of depreciation may understate
the true value of a firm's assets.  A company may establish
reserves on its balance sheet for liabilities that may never
materialize.  The prices at which equity securities trade in
public market are determined by more than a balance sheet
solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

                           *********


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 P. Laureno, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Kristina A.
Godinez, and Pius Xerxes Tovilla, Editors.

Copyright 2007.  All rights reserved.  ISSN 1529-2754.

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Information contained herein is obtained from sources believed
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                 * * * End of Transmission * * *