TCREUR_Public/070223.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

            Friday, February 23, 2007, Vol. 8, No. 39

                            Headlines


A U S T R I A

DEJA TRANSPORTE: Claims Registration Period Ends March 13
INTERNET CAFE: Claims Registration Period Ends March 15
JOSEF BRANDL: Korneuburg Court Orders Business Shutdown
OBJEKTEINRICHTUNGEN WEICHSELBRAUN: Claims Filing Ends March 29
OPTIMAL BAUSERVICE: Claims Registration Period Ends March 13

R.V.P. REIFENHANDEL: Claims Registration Period Ends March 15
TONIS HUETTE: Claims Registration Period Ends March 15
TOPNET TELEKOMMUNIKATION: Claims Registration Ends March 28


D E N M A R K

COMPUTER SCIENCES: Soliciting Consents to Obtain July 9 Waiver


F R A N C E

EDITIS HOLDING: S&P Withdraws BB- Rating at Company's Request


G E R M A N Y

ANDRESEN BAUUNTERNEHMEN: Claims Registration Period Ends April 2
AUTOHAUS DEIMANN: Claims Registration Period Ends March 25
AUTOZENTRALE NEUMUENSTER: Claims Registration Period Ends May 4
BECHER GMBH: Claims Registration Period Ends March 26
CITYPHONE GMBH: Claims Registration Period Ends April 2

CORREXX ORGANISATIONS: Claims Registration Period Ends March 13
DAIMLERCHRYSLER AG: Volkswagen & Renault-Nissan Snub Chrysler
EIGENHEIMBAU EHB: Claims Registration Period Ends March 13
FNH TROCKENBAU: Claims Registration Period Ends March 19
FRISEURSALON AKTUELL: Claims Registration Period Ends March 23

GEBZ GEMEINNUETZIGES: Claims Registration Ends March 26
GERSTMANN HOLDING: Claims Registration Period Ends April 2
HARRY APPELT: Creditors' Meeting Slated for April 27
HEIDELBERGCEMENT AG: Faces EUR114-Mln Fine in Price-Fixing Suit
HERBERT & THOMAS: Claims Registration Ends March 16

HKV PROJEKTE: Claims Registration Ends March 21
HOLZHANDEL WAGNER: Claims Registration Period Ends March 29
HOLZKRAFT GMBH: Claims Registration Period Ends March 19
I + M NATUERLICHE: Creditors' Meeting Slated for April 13
I.D.A. GEMEINNUETZIGE: Claims Registration Ends March 30

ILKYAZ HANDELS: Creditors' Meeting Slated for April 13
IM INDOOR: Claims Registration Ends March 26
INSIGNIUM GEBAUTE: Creditors' Meeting Slated for April 13
JANSON GESTELLBAU: Claims Registration Period Ends March 26
KLOSTER RUEHN: Claims Registration Ends March 23

KUNSTTRANSPORTE BELAJ: Claims Registration Ends May 3
LANGBEIN KUNSTSTOFFTECHNIK: Claims Registration Ends March 16
LINIENSTRASSE 161: Creditors' Meeting Slated for March 26
MSP VERWALTUNGS: Creditors Must Register Claims by March 8
OBERWIRT GASTSTATTEN: Creditors Must Register Claims by April 10

PANTHER-AUTOMATEN: Creditors Must Register Claims by March 30
REDESIGN SERVICETECHNIK: Creditors Must File Claims by April 4
STAR AVIATION: Creditors Must Register Claims by March 16
SUMIN TECHNOLOGY: Claims Registration Ends March 19
TBA BUSINESS: Claims Registration Ends March 2

TBA CONSULTING: Claims Registration Ends March 2
TONO GMBH: Claims Registration Ends March 29
UGT-BIKES HANDELS: Claims Registration Ends March 14
UWE MARKGRAF: Claims Registration Period Ends March 15
WELT WE: Claims Registration Period Ends March 22

WITTE HARZER: Claims Registration Period Ends March 12
WOLF-HOLSTE BAUTRAGER: Claims Registration Period Ends March 23
ZEBRA GMBH: Claims Registration Period Ends March 13


H U N G A R Y

BORSODCHEM NYRT: S&P Withdraws B+ Rating at Company's Request


K A Z A K H S T A N

AKSAIPROMSUPPLY LLP: Creditors Must File Claims by March 30
ARMASH LLP: Creditors' Claims Due April 6
AUTO IMP-SERVICE: Proof of Claim Deadline Slated for April 6
BALDURTA LLP: Claims Registration Ends March 30
BAZARBULAK LLP: Claims Filing Period Ends March 30

JAMBYLSKAYA BAKERY: Creditors Must File Claims by April 6
KOSTANAIJILSTROY LLP: Creditors' Claims Due March 30
SISTEMA: Sells 49.17% Stake in ROSNO to Allianz for US$750 Mln
STROY ARSENAL-PAVLODAR: Claims Registration Ends April 6
STROY BASTAU: Proof of Claim Deadline Slated for April 6

SPORT-SERVICE-ASTANA LLP: Claims Filing Period Ends April 6
TRISTAN OIL: Moody's Assigns B2 Rating on High Financial Risk


K Y R G Y Z S T A N

NORD-ELECTRO LLC: Claims Filing Period Ends April 6


L I T H U A N I A

MAZEIKIU NAFTA: Commences Operation of Refurbished Tower


R U S S I A

BALT-TRADE-INC: Court Names V. Molchanov as Insolvency Manager
EVRAZ GROUP: EC Grants Sole Control of Highveld Steel & Vanadium
GAYSKIY FACTORY: Creditors Must File Claims by April 3
GAZPROMBANK OAO: Eyes to Raise Over US$3 Billion Funds This Year
IC RUSS-INVEST: Fitch Affirms B IDR With Stable Outlook

KENIGSBERG LLC: Creditors Must File Claims by April 3
KHABAROVSKOYE MEAT: Creditors Must File Claims by March 3
KRIVOVSKOYE LLC: Bankruptcy Hearing Slated for April 17
LESOZAVODSK-AGRO-PROM-SERVICE: Claims Filing Period Ends April 3
LOBINSKOYE CJSC: Bankruptcy Hearing Slated for May 20

NIZHEGORODSKIY PUMP: Creditors Must File Claims by March 3
PROJECT-SERVICE CJSC: Creditors Must File Claims by March 3
PYATIGORSKIY BREAD: Creditors Must File Claims by March 3
ROSNEFT OIL: Has Until Jan. 3, 2008 to Mend Yugansk Loan Breach
ROSS-RESOURCE CJSC: Creditors Must File Claims by March 3

SAKHALINSKAYA FISHING: Creditors Must File Claims by April 3
SHUNGIZIT OJSC: Creditors Must File Claims by March 3
SIBERIAN SPRING: Creditors Must File Claims by April 3
SORTAVALSKIY FISHING: Asset Sale Slated for March 6
YUKOS OIL: Receiver to Auction Assets in Late March, Reports Say


S L O V A K   R E P U B L I C

SLOVAK AIRLINES: Filing for Bankruptcy Due to Government's Debt


S W I T Z E R L A N D

BANZNACH JSC: Creditors' Liquidation Claims Due March 31
BORSANI JSC: Creditors' Liquidation Claims Due March 31
DCP HANDELS: Creditors' Liquidation Claims Due March 14
DCS CORPORATION: Creditors' Liquidation Claims Due March 9
DELOITTE & TOUCHE SERVICES: Creditors' Claims Due March 31

DH & S TRUSTEES: Creditors' Liquidation Claims Due March 31
EAST-WEST ENGINEERING: Liquidation Claims Due March 12
GLOBAL FINANCE: Creditors' Liquidation Claims Due March 12
MACUTIL FINANZIARIA: Creditors' Liquidation Claims Due March 12
WINDSHIP LLC: Creditors' Liquidation Claims Due March 12


U K R A I N E

BUDINFORM LLC: Creditors Must Submit Claims by March 5
KRYM CJSC: Claims Submission Deadline Set March 5
POCHANINSKOE LLC: Creditors Must Submit Claims by March 5
SOKOLOVSKOE LLC: Creditors Must Submit Claims by March 5
STRELKOVOE OJSC: Claims Submission Deadline Set March 5


U N I T E D   K I N G D O M

ADVANCED MARKETING: Court Approves Qualified Bidding Protocol
ADVANCED MARKETING: Inks Asset Purchase Pact with Baker & Taylor
ANGLIAN FLEXIBLE: Creditors' Meeting Slated for March 15
ASTON ELECTRICAL: Claims Filing Period Ends May 31
AUTOSAVE LTD: Appoints Joint Administrators from BDO Stoy

BELMONT ENGINEERING: Joint Liquidators Take Over Operations
BOSTON COMMS: Creditors' Meeting Slated for March 1
BRADSHAW AND DAVIS: Melvyn L. Rose Leads Liquidation Procedure
BRIARING LTD: Appoints Eileen T. F. Sale as Liquidator
BRITISH AIRWAYS: Orders Four Longhaul Boeing 777-200 ER Aircraft

BUSINESS 550: Creditors' Meeting Slated for February 28
CABLE & WIRELESS: Trustees Sell 30,118 Ordinary Shares
CALMONT LTD: Brings In Chantrey Vellacott as Administrators
CARNUNTUM HIGH: S&P Assigns BB Ratings to EUR5-Mln Class E Notes
CKE ENGINEERING: Names Alan Roy Limb as Administrator

CORUS GROUP: Confirms Issuance of Ordinary Shares & Bonds
CROWN LODGE: Royal Bank of Scotland Names Receivers from Kroll
CROWN SCAFFOLD: Barclays Bank Taps Grant Thornton as Receivers
CSB LTD: Appoints M. J. Ryan to Liquidate Assets
DEFINE DESIGN: Creditors' Meeting Slated for March 1

DEREHAM SOUTH: Hires Liquidators from PricewaterhouseCoopers LLP
DESIRE JEWELLERY: Creditors Confirm Liquidators' Appointment
DIGITAL FIRST: Calls In Liquidators from Chantrey Vellacott
DYSFUNCTIONAL CLOTHING: Names G. W. Rhodes to Liquidate Assets
ELIZABETH GEE: Hires Liquidator from Leonard Curtis

EMI GROUP: Seeking Possible Alternatives to Warner Music's Offer
EMI GROUP: Warner Music Says Takeover Offer Likely to Be in Cash
GAINSBOROUGH QUALITY: Creditors Confirm Voluntary Liquidation
IMAGE DESIGN: Creditors' Meeting Slated for March 1
LEVI STRAUSS: Streamlining Efforts Spur Fitch to Lift B- Rating

MD HANEY: Creditors' Meeting Slated for February 27
NOBLES LTD: Barclays Bank Appoints Receivers from Grant Thornton
POWERTRANS SOLUTIONS: Creditors' Meeting Slated for March 7
RED LIZARD: Appoints Laurence Russell as Liquidator
REFCO INC: U.S. Court Okays RCM-Bancafe US$51 Million Agreement

REFCO INC: Judge Drain Approves AIDMA Settlement Agreement
ROYAL & SUNALLIANCE: Gets Conditional Approval to Sell U.S. Unit
SC DISTRIBUTORS: Claims Filing Period Ends March 1
SEA CONTAINERS: Donald Smith Discloses 6.53% SeaCon Equity Stake
SEA CONTAINERS: Aegis Financial Discloses 9% SeaCon Equity Stake

SEATING STRUCTURES: Hydro Aluminium Taps Begbies as Receivers
SHEEDY SCRAP: Barclays Bank Appoints Grant Thornton as Receivers
SHERDLEY GLASS: Joint Liquidators Take Over Operations
SOLUTIA INC: Philip Lochner Resigns from Board
THISTLE JOINERY: Brings In Liquidator from Begbies Traynor

WALTHAM CONTRACTORS: Taps Liquidator from Begbies Traynor
WILLS ENGINEERS: Creditors Confirm Liquidators' Appointment
YEOMAN EDWARDS: Claims Filing Period Ends March 30

* BOOK REVIEW: Life, Death and the Law: Law and Christian Morals
               in England and the United States


                            *********


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


DEJA TRANSPORTE: Claims Registration Period Ends March 13
---------------------------------------------------------
Creditors owed money by LLC DEJA Transporte (FN 265254f) have
until March 13 to file written proofs of claim to court-
appointed estate administrator Hans-Joerg Haftner at:

         Dr. Hans-Joerg Haftner
         Wiener Strasse 12
         3100 St. Poelten
         Austria
         Tel: 02742/35 42 34
         Fax: 02742/35 14 48
         E-mail: office@plusjus.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 8:50 a.m. on April 3 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of St. Poelten
         Room 216
         Second Floor (Old Building)
         St. Poelten, Austria

Headquartered in St. Poelten, Austria, the Debtor declared
bankruptcy on Feb. 5 (Bankr. Case No. 14 S 30/07p).


INTERNET CAFE: Claims Registration Period Ends March 15
-------------------------------------------------------
Creditors owed money by LLC Internet cafe (FN 204276g) have
until March 15 to file written proofs of claim to court-
appointed estate administrator Roland Gsellmann at:

         Dr. Roland Gsellmann
         Farberplatz 1
         8010 Graz
         Austria
         Tel: 0316/835692
         Fax: 0316/835692-15
         E-mail: office@herdeygsellmann.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:20 a.m. on March 22 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Room 222
         Second Floor
         Graz, Austria

Headquartered in Graz, Austria, the Debtor declared bankruptcy
on Feb. 2 (Bankr. Case No. 26 S 10/07a).


JOSEF BRANDL: Korneuburg Court Orders Business Shutdown
-------------------------------------------------------
The Land Court of Korneuburg entered Feb. 8 an order shutting
down the business of LLC Josef Brandl (FN 66637x).

Court-appointed estate administrator Herwig Ernst recommended
the business shutdown after determining that the continuing
operations would reduce the value of the estate.

The estate administrator can be reached at:

         Dr. Herwig Ernst
         Hauptplatz 32
         2100 Korneuburg
         Austria
         Tel: 02262/756 57
         Fax: 02262/723 17
         E-mail: lawoffice@mack-ernst.at

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 19 (Bankr. Case No. 36 S 5/07p).


OBJEKTEINRICHTUNGEN WEICHSELBRAUN: Claims Filing Ends March 29
--------------------------------------------------------------
Creditors owed money by LLC Objekteinrichtungen Weichselbraun
Mario (FN 265467v) have until March 29 to file written proofs of
claim to court-appointed estate administrator Maria Brandstetter
at:

         Mag. Johanna Abel-Winkler
         c/o Mag. Norbert Abel
         Franz-Josefs-Kai 49/19
         1010 Vienna
         Austria
         Tel: 533 52 72
         Fax: 533 52 72 15
         E-mail: office@abel-abel.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:15 a.m. on April 12 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1703
         Vienna, Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Feb. 2 (Bankr. Case No. 5 S 12/07k).


OPTIMAL BAUSERVICE: Claims Registration Period Ends March 13
------------------------------------------------------------
Creditors owed money by LLC Optimal Bauservice (FN 216040g) have
until March 13 to file written proofs of claim to court-
appointed estate administrator Ulla Reisch at:

         Dr. Ulla Reisch
         Kremser Gasse 4
         3100 St. Poelten
         Austria
         Tel: 02742/35 15 50
         Fax: 02742/35 15 50-5
         E-mail: office.st.poelten@ulsr.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:50 a.m. on April 3 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of St. Poelten
         Room 216
         Second Floor (Old Building)
         St. Poelten, Austria

Headquartered in Maria Anzbach, Austria, the Debtor declared
bankruptcy on Feb. 2 (Bankr. Case No. 14 S 29/07s).


R.V.P. REIFENHANDEL: Claims Registration Period Ends March 15
-------------------------------------------------------------
Creditors owed money by LLC R.V.P. Reifenhandel (FN 244411d)
have until March 15 to file written proofs of claim to court-
appointed estate administrator Gerhard Petrowitsch at:

         Dr. Gerhard Petrowitsch
         Kadagasse 11
         8430 Leibnitz
         Austria
         Tel: 03452/82837
         Fax: 03452/82837 7
         E-mail: office@ra-petrowitsch.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 3:35 p.m. on March 29 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Hall L (Room 230)
         Second Floor
         Graz, Austria

Headquartered in Wildon, Austria, the Debtor declared bankruptcy
on Feb. 2 (Bankr. Case No. 25 S 10/07v).


TONIS HUETTE: Claims Registration Period Ends March 15
------------------------------------------------------
Creditors owed money by LLC Tonis Huette (FN 215140h) have until
March 15 to file written proofs of claim to court-appointed
estate administrator Friedrich Lorenz at:

         Dr. Friedrich Lorenz
         Hauptstrasse 4
         2486 Pottendorf
         Austria
         Tel: 02623/7226161
         Fax: 02623/72261-20
         E-mail: masseverwalter@aon.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:00 a.m. on March 29 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 Kottingbrunn, Austria, the Debtor declared
bankruptcy on Feb. 2 (Bankr. Case No. 10 S 13/07a).


TOPNET TELEKOMMUNIKATION: Claims Registration Ends March 28
-----------------------------------------------------------
Creditors owed money by LLC TopNet Telekommunikation (FN
161624h) have until March 28 to file written proofs of claim to
court-appointed estate administrator Daniel Schoepf at:

         Mag. Daniel Schoepf
         Paris-Lodron-Str. 3a
         5020 Salzburg
         Austria
         Tel: 0662/879998
         Fax: 0662/879998/20
         E-mail: office@smbi.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:30 a.m. on April 11 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Salzburg
         Hall 256
         Second Floor
         Salzburg, Austria

Headquartered in Salzburg, Austria, the Debtor declared
bankruptcy on Jan. 15 (Bankr. Case No. 44 S 1/07g).


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D E N M A R K
=============


COMPUTER SCIENCES: Soliciting Consents to Obtain July 9 Waiver
--------------------------------------------------------------
Computer Sciences Corporation is soliciting consents from the
holders of record, as of 5:00 p.m. on Feb. 20, 2007, of all of
its outstanding:

   -- 3.50% Notes due 2008,
   -- 6.25% Notes due 2009,
   -- 7.375% Notes due 2011, and
   -- 5.00% Notes due 2014.

CSC is requesting a one-time waiver through July 9, 2007, of any
default or event of default that has arisen prior to the
effective date of the waiver by virtue of CSC's failure to file
with the U.S. Securities and Exchange Commission and furnish to
Citibank, N.A., the Trustee with respect to the Notes, and
holders of the Notes, certain reports required to be so filed
and furnished by CSC pursuant to the terms of the indentures
governing the Notes.

Holders of the Notes are referred to CSC's Consent Solicitation
Statement dated Feb. 21, 2007, and the related Letter of Consent
for the detailed terms and conditions of the consent
solicitation.

As previously announced, CSC has not yet filed with the SEC its
Quarterly Report on Form 10-Q for either the fiscal quarter
ended Sept. 29, 2006, or the fiscal quarter ended Dec. 29, 2006.

On Dec. 8, 2006, CSC received a notice of default from the
Trustee alleging a default under the various indentures
governing the Notes arising from CSC's failure to timely file
the Quarterly Report for the fiscal quarter ended Sept. 29,
2006.

On Dec. 21, 2006, CSC obtained a waiver through March 9, 2007,
from more than a majority of the holders of CSC's outstanding
6.25% Notes with respect to its failure to file the Quarterly
Report for the fiscal quarter ended Sept. 29, 2006.

As of the date of the Consent Solicitation Statement, CSC has
not received any notice of default from holders of 25% or more
of the aggregate principal amount of any series of Notes.

CSC is offering an initial consent fee of a $1.25 in cash for
each $1,000 in principal amount of the Notes to all holders of
record on Feb. 20, 2007, who properly execute and deliver a
Letter of Consent, that is not thereafter revoked, on or prior
to the expiration of the consent solicitation.

If CSC has not filed its Quarterly Reports with the SEC on or
before 5:30 p.m., New York City time, on the ninth day of each
month (beginning April 9, 2007) following payment of the initial
consent fee, CSC will pay to each consenting holder an
additional $1.00 in cash for each $1,000 in principal amount of
Notes until the earlier of the date on which CSC has filed its
Quarterly Reports with the SEC and July 9, 2007.

The proposed waiver will become effective with respect to each
series of Notes promptly following the receipt of valid and
unrevoked consents from holders representing a majority of the
outstanding aggregate principal amount of such series of Notes.

The consent solicitation will expire at 5:00 p.m., New York City
time, on Monday, March 5, 2007, unless otherwise extended by CSC
with respect to one or more series of Notes.

Holders may submit their Letters of Consent to the Tabulation
Agent at any time on or prior to the expiration date.  Holders
may revoke their consents prior to the effectiveness of the
proposed one-time waiver with respect to the applicable series
of Notes as described in the Consent Solicitation Statement.

                              Agents

CSC has retained Global Bondholder Services Corporation to serve
as its Tabulation Agent for the consent solicitation.  Requests
for documents should be directed to Global Bondholder Services
at (866) 470-3800 or (212) 430-3774.

CSC has also retained Merrill Lynch & Co. and Banc of America
Securities LLC as Solicitation Agents for the consent
solicitation.  Questions regarding the terms of the consent
solicitation should be directed to the Solicitation Agents at:
Merrill Lynch (888) 654-8637 or (212) 449-4914 (collect), or
Banc of America Securities (866) 475-9886 or (704) 386-3244
(collect).

                About Computer Sciences Corporation

Headquartered in El Segundo, Calif., Computer Sciences
Corporation (NYSE: CSC) -- http://www.csc.com/-- is a global
information technology services company.  The company's services
include systems design and integration; IT and business process
outsourcing; applications software development; Web and
application hosting; and management consulting.  It maintains
operations in Australia, China, Czech Republic, Slovakia,
Denmark, France, among others.  The company has approximately
77,000 employees.


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


EDITIS HOLDING: S&P Withdraws BB- Rating at Company's Request
-------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'BB-' long-term
corporate credit rating on Editis Holding S.A., France's second-
largest publisher of books for the education and consumer book
markets.  The withdrawal came at the company's request.

At the same time, Standard & Poor's withdrew its 'B' debt rating
on Odyssee Financing S.A.'s EUR150 million 8.375% senior notes
due 2014.  Odyssee Financing S.A. is a wholly owned finance
subsidiary of Odyssee 1, which is Editis' holding company.

The group has no more rated debt outstanding.  It refinanced the
whole of its debt, including its EUR150 million senior notes due
2014, in mid-April 2006.


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


ANDRESEN BAUUNTERNEHMEN: Claims Registration Period Ends April 2
----------------------------------------------------------------
Creditors of Andresen Bauunternehmen GmbH have until April 2 to
register their claims with court-appointed insolvency manager
Susanne Mueller-Heeg.

Creditors and other interested parties are encouraged to attend
the meeting at 9:02 a.m. on April 25, 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 Flensburg
         Hall A 220
         Suedergraben 22
         Flensburg
         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:

         Susanne Mueller-Heeg
         Rathausstrasse 1
         24937 Flensburg
         Germany

The District Court of Flensburg opened bankruptcy proceedings
against Andresen Bauunternehmen GmbH on Feb. 12.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be contacted at:

         Andresen Bauunternehmen GmbH
         Attn: Uwe Andresen, Manager
         Schleswiger Landstrasse 6 b
         24991 Grossolt
         Germany


AUTOHAUS DEIMANN: Claims Registration Period Ends March 25
----------------------------------------------------------
Creditors of Autohaus Deimann & Co. GmbH have until March 25 to
register their claims with court-appointed insolvency manager
Dirk Andres.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 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 Bochum
         Hall A29
         Ground Floor
         Main Building
         Viktoriastrasse 14
         44787 Bochum
         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. Dirk Andres
         Viktoriastrasse 10
         44787 Bochum
         Germany

The District Court of Bochum opened bankruptcy proceedings
against Autohaus Deimann & Co. GmbH on Feb. 7.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be contacted at:

         Autohaus Deimann & Co. GmbH
         Attn: Heidi Deimann, Manager
         Alte Werner Str. 47
         44805 Bochum
         Germany


AUTOZENTRALE NEUMUENSTER: Claims Registration Period Ends May 4
---------------------------------------------------------------
Creditors of Autozentrale Neumuenster Heinrich Moritzen GmbH u.
Co. KG have until May 4 to register their claims with court-
appointed insolvency manager Wolfgang Weidemann.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on June 7, 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 Neumuenster
         Meeting Hall B.031
         Law Courts
         Boostedter Strasse 26
         Neumuenster
         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:

         Wolfgang Weidemann
         Wendenstrasse 4
         20097 Hamburg
         Germany

The District Court of Neumuenster opened bankruptcy proceedings
against Autozentrale Neumuenster Heinrich Moritzen GmbH u. Co.
KG on Feb. 1.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be contacted at:

         Autozentrale Neumuenster Heinrich
         Moritzen GmbH u. Co. KG
         Kieler Strasse 168
         24536 Neumuenster
         Germany


BECHER GMBH: Claims Registration Period Ends March 26
-----------------------------------------------------
Creditors of Becher GmbH have until March 26 to register their
claims with court-appointed insolvency manager Ute Jacob.

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 her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Eutin
         Hall D
         Jungfernstieg 3
         23701 Eutin
         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:

         Ute Jacob
         Lorentzendamm 19
         24103 Kiel
         Germany

The District Court of Eutin opened bankruptcy proceedings
against Becher GmbH on Feb. 9.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         Becher GmbH
         Attn: Siegfried Holger Becher, Manager
         Janusallee 16
         24714 Bad Malente
         Germany


CITYPHONE GMBH: Claims Registration Period Ends April 2
-------------------------------------------------------
Creditors of Cityphone GmbH have until April 2 to register their
claims with court-appointed insolvency manager Frank Kebekus.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on April 23, 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 Duesseldorf
         Meeting Hall A 341
         Third Floor
         Muehlenstrasse 34
         40213 Duesseldorf
         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. Frank Kebekus
         Carl-Theodor-Str. 1
         40213 Duesseldorf
         Germany

The District Court of Duesseldorf opened bankruptcy proceedings
against Cityphone GmbH on Feb. 12.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         Cityphone GmbH
         Attn: Ziya Tuerkmen, Manager
         Konrad-Adenauer-Platz 13
         40210 Duesseldorf
         Germany


CORREXX ORGANISATIONS: Claims Registration Period Ends March 13
---------------------------------------------------------------
Creditors of CORREXX Organisations GmbH have until March 13 to
register their claims with court-appointed insolvency manager
Oliver Junghanel.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on April 17, 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 Gera
         Hall 317
         Ru-dolf-Diener-Str. 1
         Gera
         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 Junghanel
         Lessingstr. 25
         08058 Zwickau
         Germany

The District Court of Gera opened bankruptcy proceedings against
CORREXX Organisations GmbH on Feb. 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         CORREXX Organisations GmbH
         Attn: Steffen Kahne, Manager
         Spitzweiden-weg 107
         07743 Jena
         Germany


DAIMLERCHRYSLER AG: Volkswagen & Renault-Nissan Snub Chrysler
-------------------------------------------------------------
Volkswagen AG, Renault SA, and Nissan Motor Co. are not
interested in acquiring or entering into a partnership with
DaimlerChrysler AG's Chrysler Group, the Wall Street Journal
reveals.

Reports say that Volkswagen and Chrysler agreed last year to
manufacture a mini-van model bearing the Volkswagen brand in a
Chrysler facility.

The Renault-Nissan auto alliance had initially been tagged as
possible Chrysler partners after DaimlerChrysler disclosed its
intention to sell the unit or find partners among other
automakers to help run the company, WSJ says.

Thierry Moulonguet, Renault's chief financial officer, said that
despite their desire to welcome a North American partner, they
are not so keen about buying a stake in Chrysler or purchasing
the whole company, WSJ states.

Carlos Ghosn, chief executive officer of both Renault and
Nissan, explored an alliance with General Motors Corp. through
negotiations last year but failed at the attempt, WSJ relates.

A source recently said that Mr. Ghosn finds Chrysler less
appealing than General Motors because of its considerably
smaller size, as well as DaimlerChrysler's failure to make the
company profitable, WSJ reports.

The Chrysler Group posted an operating loss of EUR1.1 billion
in 2006, compared with an operating profit of EUR1.5 billion
in 2005.  In the fourth quarter of 2006, Chrysler reported a
US$1.5 billion loss.

As reported in the Troubled Company Reporter-Europe on Feb. 19,
citing German publication Manager Magazin, DaimlerChrysler AG
and General Motors Corp. are in talks about a possible purchase
of the Chrysler Group by GM.

GM and DaimlerChrysler AG's Chrysler Group are also in talks of
an alliance to share costs of chassis designs and reduce
development expenses for a large sport utility vehicle, Jeff
Green and Jeff Bennett of Bloomberg report citing people
familiar with the talks.

GM and the Chrysler Group have been discussing the matter for
six months without reaching an agreement, the Wall Street
Journal noted.

                        About Renault SA

Headquartered in Cedex, France, Renault SA --
http://www.renault.com/-- designs, develops, manufactures, and
sells innovative, safe, and environmentally friendly vehicles
worldwide.  It has industrial and commercial presence in 118
countries with 128,893 employees who contribute to a strategy of
profitable growth based on three key factors: competitiveness,
innovation, and international expansion.

                       About Nissan Motor

Based in Tokyo, Japan, Nissan Motor Co., Ltd. --
http://www.nissan-global.com/provides automotive products and
services that deliver superior measurable values to all
stakeholders in alliance with Renault.

                     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.

                       About Volkswagen AG

Headquartered in Wolfsburg, Germany, the Volkswagen Group --
http://www.volkswagen.de/-- is one of the world's leading
automobile manufacturers and the largest carmaker in Europe.
With 47 production plants in eleven European countries and a
further seven countries in the Americas, Asia and Africa,
Volkswagen has more than 343,000 employees producing over 21,500
vehicles or are involved in vehicle-related services on every
working day.

                       About DaimlerChrysler

Based in Stuttgart, Germany, DaimlerChrysler AG --
http://www.daimlerchrysler.com/-- develops, manufactures,
distributes, and sells various automotive products, primarily
passenger cars, light trucks, and commercial vehicles worldwide.
It primarily operates in four segments: Mercedes Car Group,
Chrysler Group, Commercial Vehicles, and Financial Services.

The Chrysler Group segment offers cars and minivans, pick-up
trucks, sport utility vehicles, and vans under the Chrysler,
Jeep, and Dodge brand names.  It also sells parts and
accessories under the MOPAR brand.

The Chrysler Group is facing a difficult market environment in
the United States with excess inventory, non-competitive legacy
costs for employees and retirees, continuing high fuel prices
and a stronger shift in demand toward smaller vehicles.  At the
same time, key competitors have further increased margin and
volume pressures -- particularly on light trucks -- by making
significant price concessions.  In addition, increased interest
rates caused higher sales & marketing expenses.

In order to improve the earnings situation of the Chrysler Group
as quickly and comprehensively, measures to increase sales and
cut costs in the short term are being examined at all stages of
the value chain, in addition to structural changes being
reviewed as well.


EIGENHEIMBAU EHB: Claims Registration Period Ends March 13
----------------------------------------------------------
Creditors of Eigenheimbau EHB GmbH Sachsen have until March 13
to register their claims with court-appointed insolvency manager
Ulrich Kraft.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on April 24, 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 Dresden
         Hall D131
         Olbrichtplatz 1
         01099 Dresden
         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:

         Ulrich Kraft
         Wasastr. 15
         01219 Dresden
         Germany
         Web site: http://www.hww-kanzlei.de/

The District Court of Dresden opened bankruptcy proceedings
against Eigenheimbau EHB GmbH Sachsen on Feb. 9.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be contacted at:

         Eigenheimbau EHB GmbH Sachsen
         Herrmann-Seidel-Str. 6
         01279 Dresden
         Germany

         Attn: Alexander Koch, Manager
         Hardstrasse 13
         76689 Karlsdorf-Neuthard
         Germany


FNH TROCKENBAU: Claims Registration Period Ends March 19
--------------------------------------------------------
Creditors of FNH Trockenbau-GmbH have until March 19 to register
their claims with court-appointed insolvency manager
Moritz Hansberg.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 25, 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 Bochum
         Meeting Hall A29
         Ground Floor
         Main Building
         Viktoriastrasse 14
         44787 Bochum
         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:

         Moritz Hansberg
         Huestrasse 34
         44787 Bochum
         Germany

The District Court of Bochum opened bankruptcy proceedings
against FNH Trockenbau-GmbH on Feb. 8.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         FNH Trockenbau-GmbH
         Attn: Ralf Hippe, Manager
         Bielefelder Str. 44 a
         44652 Herne
         Germany


FRISEURSALON AKTUELL: Claims Registration Period Ends March 23
--------------------------------------------------------------
Creditors of Friseursalon Aktuell GmbH have until March 23 to
register their claims with court-appointed insolvency manager
Klaus Dippel.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 27, 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 Bochum
         Hall A 29
         Ground Floor
         Main Building
         Viktoriastrasse 14
         44787 Bochum
         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:

         Klaus Dippel
         Christstrasse 23
         44789 Bochum
         Germany

The District Court of Bochum opened bankruptcy proceedings
against Friseursalon Aktuell GmbH on Feb. 7.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Friseursalon Aktuell GmbH
         Attn: Aynur Keskinkilic, Manager
         Alte Bahnhofstrasse 187
         44892 Bochum
         Germany


GEBZ GEMEINNUETZIGES: Claims Registration Ends March 26
-------------------------------------------------------
Creditors of GEBZ Gemeinnuetziges Europaisches Bildungszentrum
GmbH have until March 26 to register their claims with court-
appointed insolvency manager Rainer M. Bahr.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on April 23, 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:

         Rainer M. Bahr
         Prager Str. 34
         04317 Leipzig
         Germany
         Tel: 0341/486930
         Fax: 0341/4869393
         E-mail: leipzig@hbml.de

The District Court of Leipzig opened bankruptcy proceedings
against GEBZ Gemeinnütziges Europaisches Bildungszentrum GmbH on
Feb. 8.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         GEBZ Gemeinnuetziges Europaisches Bildungszentrum GmbH
         Kohlgartenstr. 58
         04315 Leipzig
         Germany


GERSTMANN HOLDING: Claims Registration Period Ends April 2
----------------------------------------------------------
Court-appointed insolvency manager, Helmut Schmitz, set April 2
as the claims registration deadline for creditors of:

   -- Gerstmann Holding GmbH & Co. KG;
   -- Gerstmann Leasing & Autovermietung GmbH;
   -- Gerstmann Verwaltung Oberhausen GmbH;
   -- Gerstmann Verwaltung Duesseldorf GmbH; and
   -- Gerstmann Verwaltung Solingen GmbH.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 20, 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 Duisburg
         Hall C215
         Second Floor
         Kardinal-Galen-Strasse 124-132
         47058 Duisburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:00 a.m. on May 23 at:

         The District Court of Duisburg
         Hall C315
         Third Floor
         Kardinal-Galen-Strasse 124-132
         47058 Duisburg
         Germany

The insolvency manager can be contacted at:

         Dr. Norbert Westhoff
         Flohbusch 1
         47802 Krefeld
         Germany

The District Court of Duisburg opened bankruptcy proceedings
against the companies on Feb. 1.  Consequently, all pending
proceedings against the companies have been automatically
stayed.

The Debtors can be contacted at:

         Gerstmann Holding GmbH & Co. KG
         Wehrstr. 17-33
         46047 Oberhausen
         Germany

         Attn: Heinrich and Thomas Gerstmann, Managers
         Steinbrink 13
         47447 Moers
         Germany


HARRY APPELT: Creditors' Meeting Slated for April 27
----------------------------------------------------
The court-appointed insolvency manager for Harry Appelt GmbH,
Ruediger Wienberg, will present his first report on the
Company's insolvency proceedings at a creditors' meeting at
10:25 a.m. on April 27.

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 10:30 a.m. on July 27 at the same venue.

Creditors have until May 27 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Ruediger Wienberg
         Giesebrechtstr. 1
         10629 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against Harry Appelt GmbH on Feb. 7.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Harry Appelt GmbH
         Sonnenallee 67
         12045 Berlin
         Germany


HEIDELBERGCEMENT AG: Faces EUR114-Mln Fine in Price-Fixing Suit
---------------------------------------------------------------
The regional court in Dusseldorf, Germany, has allowed damage
claims against HeidelbergCement AG, Holcim Ltd. of Switzerland,
and other cement makers for their price-fixing offense,
Bloomberg News reports.

The companies stand to pay damage claims of up to EUR114 million
(US150 million) in the case, which will be further discussed in
another hearing slated for late summer this year, Bloomberg News
states.

Brussels-based Cartel Damage Claims SA, representing unnamed
companies, filed the suit against the cement makers as a result
of a previous investigation that unveiled the price-fixing
scheme, Bloomberg News relates.

Germany's Federal Cartel Office conducted an investigation in
2003 and levied fines against the companies after it unearthed
evidence of price fixing, Bloomberg News reveals.

According to the agency, the companies conspired to rig
production quotas and divided geographical regions among the
group in order to keep prices artificially high, Bloomberg News
discloses.

                     About HeidelbergCement

Based in Heidelberg, Germany, HeidelbergCement AG --
http://www.heidelbergcement.com/-- was founded in 1873 and is
publicly traded.  The company produces cement as well as
building materials and building chemicals.  The group's fiscal
2006 net income amounted to EUR414.5 million on EUR9.23 billion
net sales.

                        *     *     *

Moody's Investors Service issued Ba1 ratings on the company's
Bank Loan and Senior Unsecured Debts.  Moody's also set Issuer
and LT Corp. Family ratings at Ba1.


HERBERT & THOMAS: Claims Registration Ends March 16
---------------------------------------------------
Creditors of Herbert & Thomas Hensler Rohrleitungsbau GmbH have
until March 16 to register their claims with court-appointed
insolvency manager Dr. Jan Roth.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on April 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 Bad Homburg v.d. Hoehe
         Room 302
         Third Floor
         Auf der Steinkaut 10-12
         61352 Bad Homburg v.d. Hoehe
         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. Jan Roth
         Pfingstweidstr. 3
         60313 Frankfurt am Main
         Germany
         Tel: 069/209739-0
         Fax: 069/209739-29

The District Court of Bad Homburg v.d. Hoehe opened bankruptcy
proceedings against Herbert & Thomas Hensler Rohrleitungsbau
GmbH on Feb. 5.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         Herbert & Thomas Hensler Rohrleitungsbau GmbH
         Attn: Herbert Hensler, Manager
         Weisskreuzweg 6
         61350 Bad Homburg v.d. Hoehe
         Germany


HKV PROJEKTE: Claims Registration Ends March 21
-----------------------------------------------
Creditors of HKV Projekte GmbH & Co. KG have until March 21 to
register their claims with court-appointed insolvency manager
Dr. Christoph Schulte-Kaubruegger.

Creditors and other interested parties are encouraged to attend
the meeting at 2:10 p.m. on April 18, 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 Potsdam
         Hall 301
         Third Floor
         Nebenstelle Lindenstrasse 6
         14467 Potsdam
         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. Christoph Schulte-Kaubruegger
         Genthiner Str. 48
         10785 Berlin
         Germany

The District Court of Potsdam opened bankruptcy proceedings
against HKV Projekte GmbH & Co. KG on Feb. 9.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         HKV Projekte GmbH & Co. KG
         Friedrich-Ebert-Str. 31
         14467 Potsdam
         Germany


HOLZHANDEL WAGNER: Claims Registration Period Ends March 29
-----------------------------------------------------------
Creditors of Holzhandel Wagner GmbH have until March 29 to
register their claims with court-appointed insolvency manager
Karl-Joachim Meyer.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 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 Lueneburg
         Hall 302
         Ochsenmarket 3
         21335 Lueneburg
         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:

         Karl-Joachim Meyer
         Schiessgrabenstr. 8/9
         21335 Lueneburg
         Germany
         Tel: 20100
         Fax: 20 10 14

The District Court of Lueneburg opened bankruptcy proceedings
against Holzhandel Wagner GmbH on Feb. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Holzhandel Wagner GmbH
         Attn: Dietmar Guenther, Manager
         21394 Kirchgellersen
         Germany


HOLZKRAFT GMBH: Claims Registration Period Ends March 19
--------------------------------------------------------
Creditors of Holzkraft GmbH have until March 19 to register
their claims with court-appointed insolvency manager Tim F.
Gaetcke.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on April 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 Celle
         Hall 014
         First Floor
         Muehlenstrasse 4
         29221 Celle
         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:

         Tim F. Gaetcke
         Hans-Boeckler-Allee 26
         30173 Hannover
         Germany
         Tel: 0511/360960
         Fax: 0511/3609696
         E-Mail: k.lange@wedlerundgaetcke.de

The District Court of Celle opened bankruptcy proceedings
against Holzkraft GmbH on Feb. 5.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Holzkraft GmbH
         Attn: Dr. Klaus Niederlaender, Manager
         29313 Hambuehren-Ovelgoenne
         Germany


I + M NATUERLICHE: Creditors' Meeting Slated for April 13
---------------------------------------------------------
The court-appointed insolvency manager for I + M Natuerliche
Hautpflege Inge Stamm GmbH, Dr. Wolfgang Schroeder, will present
his first report on the Company's insolvency proceedings at a
creditors' meeting at 11:25 a.m. on April 13.

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 11:00 a.m. on July 13 at the same venue.

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

The insolvency manager can be reached at:

         Dr. Wolfgang Schroeder
         Genthiner Str. 48
         10785 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against I + M Natuerliche Hautpflege Inge Stamm GmbH
on Feb. 1.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         I + M Natuerliche Hautpflege Inge Stamm GmbH
         Helmholtzstr. 2 - 9 D
         10587 Berlin
         Germany


I.D.A. GEMEINNUETZIGE: Claims Registration Ends March 30
--------------------------------------------------------
Creditors of I.D.A. gemeinnuetzige Gesellschaft zur Integration
durch Arbeit mbH have until March 30 to register their claims
with court-appointed insolvency manager Dr. Biner Bahr.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 9, 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
         Room A14
         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. Biner Bahr
         Wilhelm-Strauss-Str. 45-47
         41236 Moenchengladbach
         Germany
         Tel: 02161/2779098
         Fax: 02161 2779099

The District Court of Moenchengladbach opened bankruptcy
proceedings against I.D.A. gemeinnuetzige Gesellschaft zur
Integration durch Arbeit mbH on Feb. 8.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         I.D.A. gemeinnuetzige Gesellschaft zur Integration
         durch Arbeit mbH
         Brucknerallee 37
         41236 Moenchengladbach
         Germany


ILKYAZ HANDELS: Creditors' Meeting Slated for April 13
------------------------------------------------------
The court-appointed insolvency manager for Ilkyaz Handels GmbH,
Dr. Petra Hilgers, will present his first report on the
Company's insolvency proceedings at a creditors' meeting at
11:05 a.m. on April 13.

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 10:40 a.m. on July 13 at the same venue.

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

The insolvency manager can be reached at:

         Dr. Petra Hilgers
         Goethestr. 85
         10623 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against Ilkyaz Handels GmbH on Jan. 31.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Ilkyaz Handels GmbH
         Waldstr. 82-85
         13403 Berlin
         Germany


IM INDOOR: Claims Registration Ends March 26
--------------------------------------------
Creditors of IM Indoor Management Andernach GmbH & Co. Betriebs
KG have until March 26 to register their claims with court-
appointed insolvency manager Johannes Koepsell.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 18, 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 Wuppertal
         Meeting Hall A234
         Second Floor
         Eiland 2
         42103 Wuppertal
         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:

         Johannes Koepsell
         Morianstrasse 3
         42103 Wuppertal
         Germany
         Tel: 0202/24 56 721
         Fax: 0202/2456722

The District Court of Wuppertal opened bankruptcy proceedings
against IM Indoor Management Andernach GmbH & Co. Betriebs KG on
Feb. 12.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         IM Indoor Management Andernach GmbH & Co. Betriebs KG
         Bessemer Str. 14
         42551 Velbert
         Germany

         Attn: Adisa Hilberath, Manager
         Werdener Str. 15
         45470 Muelheim
         Germany


INSIGNIUM GEBAUTE: Creditors' Meeting Slated for April 13
---------------------------------------------------------
The court-appointed insolvency manager for INSIGNIUM Gebaute
Marken GmbH, Christian Koehler-Ma, will present his first report
on the Company's insolvency proceedings at a creditors' meeting
at 11:05 a.m. on April 13.

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 10:50 a.m. on July 13 at the same venue.

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

The insolvency manager can be reached at:

         Christian Koehler-Ma
         Kurfuerstendamm 212
         10719 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against INSIGNIUM Gebaute Marken GmbH on Feb. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         INSIGNIUM Gebaute Marken GmbH
         Wiebestrasse 36-37
         10553 Berlin
         Germany


JANSON GESTELLBAU: Claims Registration Period Ends March 26
-----------------------------------------------------------
Creditors of Janson Gestellbau- und Entlackungsgesellschaft mbH
have until March 26 to register their claims with court-
appointed insolvency manager Andre Zoeller.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 24, 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 Aschaffenburg
         Meeting Room 5.103
         First Floor
         Schlossplatz 5
         63739 Aschaffenburg
         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:

         Andre Zoeller
         Luitpoldstr. 9
         63739 Aschaffenburg
         Germany
         Tel: 06021/3868330
         Fax: 06021/3868333

The District Court of Aschaffenburg opened bankruptcy
proceedings against Janson Gestellbau- und
Entlackungsgesellschaft mbH on Feb. 8.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Janson Gestellbau- und Entlackungsgesellschaft mbH
         Goldbacher Str. 65
         63741 Aschaffenburg
         Germany


KLOSTER RUEHN: Claims Registration Ends March 23
------------------------------------------------
Creditors of Kloster Ruehn Oel- und Senfmuehle GmbH have until
March 23 to register their claims with court-appointed
insolvency manager Reiner Linck.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 9, 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 Rostock
         Hall 330
         Zochstrasse
         18057 Rostock
         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:

         Reiner Linck
         Paulstrasse 44
         18055 Rostock

The District Court of Rostock opened bankruptcy proceedings
against Kloster Ruehn Oel- und Senfmuehle GmbH on Feb. 9.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Kloster Ruehn Oel- und Senfmuehle
         Michael Laumen, Manager
         Klosterhof 1
         18246 Ruehn
         Germany


KUNSTTRANSPORTE BELAJ: Claims Registration Ends May 3
-----------------------------------------------------
Creditors of Kunsttransporte Belaj GmbH have until May 3 to
register their claims with court-appointed insolvency manager
Dr. Wolfgang Schroeder.

Creditors and other interested parties are encouraged to attend
the meeting at 9:05 a.m. on July 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 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 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. Wolfgang Schroeder
         Genthiner Str. 48
         10785 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against Kunsttransporte Belaj GmbH on Feb. 8.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Kunsttransporte Belaj GmbH
         Kalckreuthstr. 4
         10777 Berlin
         Germany


LANGBEIN KUNSTSTOFFTECHNIK: Claims Registration Ends March 16
-------------------------------------------------------------
Creditors of Langbein Kunststofftechnik GmbH have until March 16
to register their claims with court-appointed insolvency manager
Michael Winterhoff.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on March 27, 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 Ravensburg
         Hall 127
         Herrenstr. 42
         88212 Ravensburg
         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 Winterhoff
         Karlstr. 33
         89073 Ulm
         Germany

The District Court of Ravensburg opened bankruptcy proceedings
against Langbein Kunststofftechnik GmbH on Feb. 12.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Langbein Kunststofftechnik GmbH
         Attn: Jakob Hild, Manager
         Albert-Glueck-Str. 5
         88579 Amtzell
         Germany


LINIENSTRASSE 161: Creditors' Meeting Slated for March 26
---------------------------------------------------------
The court-appointed insolvency manager for Linienstrasse 161
GmbH & Co. KG, Sebastian Laboga, will present his first report
on the Company's insolvency proceedings at a creditors' meeting
at 11:50 a.m. on March 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 11:35 a.m. on June 25 at the same venue.

Creditors have until April 30 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Sebastian Laboga
         Einemstr. 24
         10785 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against Linienstrasse 161 GmbH & Co. KG on Feb. 8.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Linienstrasse 161 GmbH & Co. KG
         Muehlenstr. 21
         13187 Berlin
         Germany


MSP VERWALTUNGS: Creditors Must Register Claims by March 8
----------------------------------------------------------
Creditors of MSP Verwaltungs- und Beteiligungsgesellschaft mbH
have until March 8 to register their claims with court-appointed
insolvency manager Jan-Hendrik Pannenborg.

Creditors and other interested parties are encouraged to attend
the meeting at 8:20 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 Nordhorn
         Hall 42
         Seilerbahn 15
         48529 Nordhorn
         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:

         Jan-Hendrik Pannenborg
         Jahnstrasse 32
         48529 Nordhorn
         Germany
         Tel: 05921/88750
         Fax: 05921/88752

The District Court of Nordhorn opened bankruptcy proceedings
against MSP Verwaltungs- und Beteiligungsgesellschaft mbH on
Feb. 12.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         MSP Verwaltungs- und Beteiligungsgesellschaft mbH
         Vennweg 16
         48529 Nordhorn
         Germany

         Attn: Eugen Nuxoll, Manager
         Luxkamp 25
         48529 Nordhorn
         Germany


OBERWIRT GASTSTATTEN: Creditors Must Register Claims by April 10
----------------------------------------------------------------
Creditors of Oberwirt Gaststatten Betriebs- GmbH have until
April 10 to register their claims with court-appointed
insolvency manager Jochen Wagner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on May 10, 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 Munich
         Meeting Hall 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 reached at:

         Jochen Wagner
         Rheinstr. 22
         80803 Munich
         Germany
         Tel: 309050980
         Fax: 3090509810

The District Court of Munich opened bankruptcy proceedings
against Oberwirt Gaststatten Betriebs- GmbH on Feb. 7.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Oberwirt Gaststatten Betriebs- GmbH
         Attn: Dr. Franz Axel Wenzel, Manager
         Heinrich-Vogl-Str. 2
         85560 Ebersberg


PANTHER-AUTOMATEN: Creditors Must Register Claims by March 30
-------------------------------------------------------------
Creditors of Panther-Automaten GmbH have until March 30 to
register their claims with court-appointed insolvency manager
Winfrid Andres.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 20, 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 Dortmund
         Hall 3.201
         Second Floor
         Gerichtsplatz 1
         44135 Dortmund
         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. Winfrid Andres
         Neuer Zollhof 3
         40221 Duesseldorf
         Germany

The District Court of Dortmund opened bankruptcy proceedings
against Panther-Automaten GmbH on Feb. 7.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Panther-Automaten GmbH
         Sedanstr. 28
         59065 Hamm
         Germany

         Attn: Udo Berger, Manager
         Sachsenstr. 34 a
         45665 Recklinghausen
         Germany


REDESIGN SERVICETECHNIK: Creditors Must File Claims by April 4
--------------------------------------------------------------
Creditors of Redesign und Servicetechnik mbH have until April 4
to register their claims with court-appointed insolvency manager
Thomas Kuehn.

Creditors and other interested parties are encouraged to attend
the meeting at 12:05 p.m. on April 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 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 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:

         Thomas Kuehn
         Luetzowstr. 100
         10785 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against Redesign und Servicetechnik mbH on Feb. 8.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Redesign und Servicetechnik mbH
         Buchsbaumweg 96
         12357 Berlin
         Germany


STAR AVIATION: Creditors Must Register Claims by March 16
---------------------------------------------------------
Creditors of STAR Aviation Consulting GmbH have until March 16
to register their claims with court-appointed insolvency manager
Sven-Holger Undritz.

Creditors and other interested parties are encouraged to attend
the meeting at 10:55 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 Hamburg
         Hall B 405
         Fourth Floor Annex
         Civil Justice Bldg.
         Sievkingplatz 1
         20355 Hamburg
         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. Sven-Holger Undritz
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against STAR Aviation Consulting GmbH on Feb. 9.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         STAR Aviation Consulting GmbH
         Attn: Reinhard Gedack, Manager
         Jager 208
         22335 Hamburg
         Germany


SUMIN TECHNOLOGY: Claims Registration Ends March 19
---------------------------------------------------
Creditors of SUMIN TECHNOLOGY Europe GmbH have until March 19 to
register their claims with court-appointed insolvency manager
Dirk Andres.

Creditors and other interested parties are encouraged to attend
the meeting at 10:10 a.m. on April 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 Cologne
         Meeting Hall 142
         First Floor
         Luxemburger Strasse 101
         50939 Cologne
         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. Dirk Andres
         Aachener Str. 619
         50933 Cologne
         Germany
         Tel: 0221-56960-580
         Fax: 022156960-260

The District Court of Cologne opened bankruptcy proceedings
against SUMIN TECHNOLOGY Europe GmbH on Feb. 2.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         SUMIN TECHNOLOGY Europe GmbH
         Attn: Pio Won-Joon Suh, Manager
         Duerener Str. 215
         50931 Koeln
         Germany


TBA BUSINESS: Claims Registration Ends March 2
----------------------------------------------
Creditors of tba Business to Business GmbH have until March 2 to
register their claims with court-appointed insolvency manager
Thomas Linse.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 27, 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 Bamberg
         Meeting Hall 401
         Synagogenplatz 1
         96047 Bamberg
         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:

         Thomas Linse
         Rosenauer Str. 22
         96450 Coburg
         Tel: 09561/8034-0
         Telefax: 09561/8034-34

The District Court of Bamberg opened bankruptcy proceedings
against tba Business to Business GmbH on Feb. 12.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         tba Business to Business GmbH
         Mussstr. 28
         96047 Bamberg
         Germany


TBA CONSULTING: Claims Registration Ends March 2
------------------------------------------------
Creditors of tba Consulting GmbH have until March 2 to register
their claims with court-appointed insolvency manager Thomas
Linse.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on March 27, 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 Bamberg
         Meeting Hall 401
         Synagogenplatz 1
         96047 Bamberg
         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:

         Thomas Linse
         Rosenauer Str. 22
         96450 Coburg
         Tel: 09561/8034-0
         Telefax: 09561/8034-34

The District Court of Bamberg opened bankruptcy proceedings
against tba Consulting GmbH on Feb. 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         tba Consulting GmbH
         Attn: Thomas Bastian, Manager
         Mussstr. 28
         96047 Bamberg
         Germany


TONO GMBH: Claims Registration Ends March 29
--------------------------------------------
Creditors of TONO GmbH have until March 29 to register their
claims with court-appointed insolvency manager Volker
Schlittgen.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 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 Halle-Saalkreis
         Hall 1.043
         Judicial Center
         Thueringer Str. 16
         06112 Halle
         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. Volker Schlittgen
         Rosentalgasse 1-3
         D 04105 Leipzig
         Tel: 0341/984820
         Fax: 0341/9848220

The District Court of Halle-Saalkreis opened bankruptcy
proceedings against TONO GmbH on Jan. 29.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         TONO GmbH
         Schokholtzstrasse 2/4
         06217 Merseburg
         Germany

         Attn: Wolfgang Thust, Manager
         Am Riessberg 10
         65558 Balduinstein
         Germany


UGT-BIKES HANDELS: Claims Registration Ends March 14
----------------------------------------------------
Creditors of UGT-Bikes Handels GmbH have until March 14 to
register their claims with court-appointed insolvency manager
Markus M. Merbecks.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on April 18, 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 Dresden
         Hall D132
         Olbrichtplatz 1
         01099 Dresden
         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
         Koenigstrasse 9
         01097 Dresden
         Germany

The District Court of Dresden opened bankruptcy proceedings
against UGT-Bikes Handels GmbH on Feb. 17.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         UGT-Bikes Handels GmbH
         Wernerstr. 1
         01159 Dresden
         Germany

         Attn: Joern Finkbeiner, Manager
         Spremberger Vorstadt 6
         02977 Hoyerswerda
         Germany


UWE MARKGRAF: Claims Registration Period Ends March 15
------------------------------------------------------
Creditors of Uwe Markgraf Omnibusbetrieb und Reiseburo GmbH have
until March 15 to register their claims with court-appointed
insolvency manager Marlies Greschuchna.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on April 12, 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 Halle-Saalkreis
         Hall 1.043
         Judicial Center
         Thueringer Str. 16
         06112 Halle
         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:

         Marlies Greschuchna
         Am Steintor 13
         D 06112 Halle
         Germany
         Tel: 0345/6828831
         Fax: 0345/6828897

The District Court of Halle-Saalkreis opened bankruptcy
proceedings against Uwe Markgraf Omnibusbetrieb und Reiseburo
GmbH on Feb. 1.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         Uwe Markgraf Omnibusbetrieb und Reiseburo GmbH
         Hallesche Str. 41a
         06258 Schkopau
         Germany

         Attn: Rosemarie Markgraf
         Eisenbahnstr. 10
         06258 Schkopau
         Germany


WELT WE: Claims Registration Period Ends March 22
-------------------------------------------------
Creditors of Welt WE MO BA GmbH have until March 22 to register
their claims with court-appointed insolvency manager
Ernst Wiesner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on April 12, 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 Hagen
         Hall 259
         Second Floor
         Heinitzstrasse 42/44
         58097 Hagen
         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:

         Ernst Wiesner
         Kirchender Dorfweg 14
         58313 Herdecke
         Germany

The District Court of Hagen opened bankruptcy proceedings
against Welt WE MO BA GmbH on Feb. 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Welt WE MO BA GmbH
         Sodingstr. 19
         58095 Hagen
         Germany

         Attn: Gunter Welt, Manager
         Deipenbrink 1
         58091 Hagen
         Germany


WITTE HARZER: Claims Registration Period Ends March 12
------------------------------------------------------
Creditors of Witte Harzer Baumschulen und Garten- Landschaftsbau
GmbH have until March 12 to register their claims with court-
appointed insolvency manager Heiko Rautmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:50 a.m. on April 12, 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 E
         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:

         Heiko Rautmann
         Editharing 31
         39108 Magdeburg
         Germany
         Tel: 0391/5066030
         Fax: 0391/5066033
         E-mail: Heiko.Rautmann@gmx.de

The District Court of Magdeburg opened bankruptcy proceedings
against Witte Harzer Baumschulen und Garten- Landschaftsbau GmbH
on Feb. 13.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Witte Harzer Baumschulen und Garten- Landschaftsbau
         GmbH
         Suderoeder Str. 3
         06507 Gernrode
         Germany

         Attn: Mario Witte, Manager
         Chausseestr. 39
         06449 Friedrichsaue
         Germany

         Thomas Witte, Manager
         Suderoeder Str. 3
         06507 Gernrode
         Germany


WOLF-HOLSTE BAUTRAGER: Claims Registration Period Ends March 23
---------------------------------------------------------------
Creditors of Wolf-Holste Bautrager GmbH have until March 23 to
register their claims with court-appointed insolvency manager
Dr. Frank Kebekus.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 20, 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 Hall 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:

         Dr. Frank Kebekus
         Liboriberg 21
         33098 Paderborn
         Germany
         Tel: 05251-180660
         Fax: 1806666

The District Court of Paderborn opened bankruptcy proceedings
against Wolf-Holste Bautrager GmbH on Feb. 9.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Wolf-Holste Bautrager GmbH
         Muhlenstrasse 15
         59590 Geseke
         Germany

         Attn: Heinz Arthur Wolf
         Wilhelm-Leuscher-Str. 7
         59590 Geseke
         Germany


ZEBRA GMBH: Claims Registration Period Ends March 13
----------------------------------------------------
Creditors of Zebra GmbH have until March 13 to register their
claims with court-appointed insolvency manager Alexander Hubl.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on March 23, 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 Memmingen
         Meeting Hall 103
         Ground Floor
         Buxacher Strasse 6
         Memmingen
         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:

         Alexander Hubl
         Bahnhofstrasse 39
         89231 Neu-Ulm
         Germany
         Tel: 0731/97018-0
         Fax: 0731/97018-65


The District Court of Memmingen opened bankruptcy proceedings
against Zebra GmbH on Feb. 13.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Zebra GmbH
         Attn: Krainhoefner Heribert, Manager
         Muehlenweg 16
         87724 Ottobeuren
         Germany


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


BORSODCHEM NYRT: S&P Withdraws B+ Rating at Company's Request
-------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'B+' long-term
corporate credit rating on Hungary-based intermediate chemicals
producer BorsodChem Rt, at the company's request.  The group has
no rated debt.  The withdrawal follows the near completion of
the LBO initiated by Permira in July 2006.


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


AKSAIPROMSUPPLY LLP: Creditors Must File Claims by March 30
-----------------------------------------------------------
The Specialized Inter-Regional Economic Court of West Kazakhstan
has declared LLP Aksaipromsupply insolvent.

Creditors have until March 30 to submit written proofs of claim
to:

         The Specialized Inter-Regional Economic Court of West
         Kazakhstan
         Seifullin Str. 37
         Uralsk
         West Kazakhstan
         Kazakhstan


ARMASH LLP: Creditors' Claims Due April 6
-----------------------------------------
The Specialized Inter-Regional Economic Court of Kostanai has
declared LLP Armash insolvent.

Creditors have until April 6 to submit written proofs of claim
to:

         The Specialized Inter-Regional Economic Court of
         Kostanai
         Baitursynov Str. 70
         Kostanai
         Kazakhstan


AUTO IMP-SERVICE: Proof of Claim Deadline Slated for April 6
------------------------------------------------------------
LLP Auto Imp-Service has declared insolvency.  Creditors have
until April 6 to submit written proofs of claim to:


         LLP Auto Imp-Service
         Vernadsky Str. 8
         Kokshetau
         Akmola
         Kazakhstan
         Tel: 8 (31622) 25-17-27


BALDURTA LLP: Claims Registration Ends March 30
-----------------------------------------------
The Specialized Inter-Regional Economic Court of West Kazakhstan
has declared LLP Baldurta insolvent.

Creditors have until March 30 to submit written proofs of claim
to:

         The Specialized Inter-Regional Economic Court of West
         Kazakhstan
         Seifullin Str. 39-16
         Uralsk
         West Kazakhstan Region
         Kazakhstan
         Tel: 8 (3112) 51-27-24


BAZARBULAK LLP: Claims Filing Period Ends March 30
--------------------------------------------------
The Specialized Inter-Regional Economic Court of West Kazakhstan
has declared LLP Bazarbulak insolvent.

Creditors have until March 30 to submit written proofs of claim
to:

         The Specialized Inter-Regional Economic Court of West
         Kazakhstan
         Seifullin Str. 39-16
         Uralsk
         West Kazakhstan Region
         Kazakhstan
         Tel: 8 (3112) 51-27-24


JAMBYLSKAYA BAKERY: Creditors Must File Claims by April 6
---------------------------------------------------------
The Specialized Inter-Regional Economic Court of Jambyl has
declared State Utility Enterprise Jambylskaya Bakery Hlebnaya
insolvent.

Creditors have until April 6 to submit written proofs of claim
to:

         The Specialized Inter-Regional Economic Court of Jambyl
         Micro District 10, 98
         Taraz
         Jambyl
         Kazakhstan


KOSTANAIJILSTROY LLP: Creditors' Claims Due March 30
----------------------------------------------------
The Specialized Inter-Regional Economic Court of Kostanai has
declared LLP Construction Company Kostanaijilstroy insolvent.

Creditors have until March 30 to submit written proofs of claim
to:

         The Specialized Inter-Regional Economic Court of
         Kostanai
         Room 321
         Baitursynov Str. 95
         Kostanai
         Kazakhstan
         Tel: 8 (3142) 54-59-36


SISTEMA: Sells 49.17% Stake in ROSNO to Allianz for US$750 Mln
--------------------------------------------------------------
JSFC Sistema has sold a 49.17% stake in ROSNO, its insurance
subsidiary in Russia, to Allianz for a total cash consideration
of US$750 million.

Sistema will remain a shareholder in ROSNO with a 2.78% stake in
the subsidiary.  Allianz, which already owns 47.36% in ROSNO,
will become its majority shareholder with a 96.53% stake
following the closing of this transaction.

"Over the last six years we have overseen the development of
ROSNO into a leading insurance company in Russia through our
successful partnership with Allianz," Alexander Goncharuk,
President and Chief Executive Officer of Sistema, commented.
"The sale of a 49.17% stake in ROSNO is in line with our stated
intention to concentrate the ownership in the hands of one
majority shareholder.  Sistema will continue to be involved in
the Company's future development."

                         About Sistema

Sistema JSFC  (LSE: SSA)-- http://www.sistema.com/-- is the
largest private sector consumer services company in Russia and
the CIS, with over 65 million customers.  Sistema develops and
manages market-leading businesses in selected service-based
industries, including telecommunications, technology, insurance,
banking, real estate, retail and media.

Founded in 1993, the company reported revenues of US$7.5 billion
for the first nine months of year 2006, and total assets of US$
18.5 billion as at Sept. 30, 2006.  Sistema's shares are listed
under the symbol 'SSA' on the London Stock Exchange, under the
symbol 'AFKS' on the Russian Trading System (RTS), and under the
symbol 'SIST' on the Moscow Stock Exchange (MSE).

                          *     *     *

As reported in the TCR-Europe on Jan. 17, Fitch Ratings assigned
Sistema Capital S.A.'s guaranteed debt issuance program a final
B+ rating.  The program, guaranteed by JSFC Sistema, has a
maturity of 30 years and may issue up to US$3 billion.  This
rating action follows a review of the final terms and
conditions, confirming information already received when Fitch
assigned an expected rating of B+ on Dec. 12, 2006.

In November 2006, Standard & Poor's Ratings Services raised its
long-term debt rating to 'B+' from 'B' on the senior unsecured
debt issued by Sistema Capital S.A. and OJSC Sistema Finance
Investments, and on the senior secured debt issued by Sistema
Finance S.A.  All three companies are financing vehicles for
Russian Telecommunications and industrials holding group Sistema
(JSFC) (BB-/Stable/--), which guarantees the debt.


STROY ARSENAL-PAVLODAR: Claims Registration Ends April 6
--------------------------------------------------------
LLP Construction Company Stroy Arsenal-Pavlodar has declared
insolvency.  Creditors have until April 6 to submit written
proofs of claim to:

         LLP Construction Company Stroy Arsenal-Pavlodar
         Lomov Str. 2
         Pavlodar
         Kazakhstan


STROY BASTAU: Proof of Claim Deadline Slated for April 6
--------------------------------------------------------
LLP Construction Company Inder Stroy Bastau (RNN 150400004074)
has declared insolvency.  Creditors have until April 6 to submit
written proofs of claim to:

         LLP Construction Company Inder Stroy Bastau
         (RNN 150400004074)
         Inderborsky
         Atyrau
         Kazakhstan


SPORT-SERVICE-ASTANA LLP: Claims Filing Period Ends April 6
-----------------------------------------------------------
LLP Sport-Service-Astana has declared insolvency.  Creditors
have until April 6 to submit written proofs of claim to:


         LLP Sport-Service-Astana
         Ishimskaya Str. 31b
         Astana
         Kazakhstan


TRISTAN OIL: Moody's Assigns B2 Rating on High Financial Risk
-------------------------------------------------------------
Moody's Investors Service assigned a first time B2 corporate
family rating to Tristan Oil Ltd and a B2 rating to its 6-year
Senior Secured Notes.  The outlook is stable.

Two Kazakh oil and gas companies Kazpolmunay and Tolkynneftegaz
guarantee the Notes on a senior secured basis.  The notes are
also secured by a pledge of 100% of the capital stock of Tristan
Oil, KPM and TNG as well as all notes payable to Tristan Oil by
KPM, TNG and TNG's parent company.

The B2 rating reflects:

   (1) high risks to cash flow associated with reliance on a
       concentrated number of field assets to support the level
       of indebtedness; KPM and TNG have limited diversification
       owning only two oil and gas fields whereby the largest of
       those two fields contributed more than three quarters of
       the 2006 production;

   (2) the company's small size in relative terms of proved
       developed reserves and annual production at 95.4 million
       boe and 11.06 million boe/year respectively;

   (3) the risks associated with a concentrated ownership
       structure, in particular considering the possibility of
       unexpected changes in strategy or financial strength of
       the group over time.  That noted Mr. Stati as principal
       owner of the businesses has refrained from taking
       sizeable dividends over the recent past during a period
       of investment to develop the business;

   (4) potential export route constraints and reliance upon
       third party transportation systems for the supply of its
       core products;

   (5) concerns with respect to revenue loss as a result of a
       government request with respect to the delivery of oil
       and condensate to the domestic market at prices that are
       below international market prices; and

   (6) the challenging environment of operating in Kazakhstan
       characterized by significant political, legal, fiscal and
       exchange rate risks.

In assigning its ratings Moody's also recognizes:

   (1) the company's low cost structure and beneficial geology
       which provides the company with good cash flow margins to
       service the current level of indebtedness notwithstanding
       the risk of operational interruption due to concentration
       as noted above;

   (2) the demonstrated operational efficiency highlighted by
       the ability to grow reserves, production and sales over
       recent years;

   (3) the good level of developed reserves which minimize the
       need for additional sizeable investment over the short
       term; and

   (4) the good level of profitability on the back of high oil
       and gas prices over the recent period.  KPM and TNG have
       also maintained conservative financial policies
       historically which contribute to the company's modest
       leverage metrics.

The outlook is stable reflecting the current level of recurring
cash flows, which are expected to improve going forward notably
due to an expected increase in profitability of gas operations,
which would result from a completion of a new liquid petroleum
gas plant in 2008.  This should also remove current production
bottlenecks and would help supporting the additional
indebtedness in relation to the secured notes issue.

Tristan Oil is domiciled in the British Virgin Islands.  The
guarantors of the Notes, KPM and TNG are two companies organized
under the laws of Kazakhstan and are engaged in the exploration
and development of oil and gas fields and in the production of
oil, condensate and gas in the Pre Caspian basin of Western
Kazakhstan.  Mr. Stati and certain members of his family
directly or indirectly own all companies.


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


NORD-ELECTRO LLC: Claims Filing Period Ends April 6
---------------------------------------------------
LLC Nord-Electro has declared insolvency.  Creditors have until
April 6 to submit written proofs of claim.

Inquiries can be addressed to (0-502) 33-59-52.


=================
L I T H U A N I A
=================


MAZEIKIU NAFTA: Commences Operation of Refurbished Tower
--------------------------------------------------------
AB Mazeikiu Nafta started up the operation of the refurbished
vacuum distillation tower to significantly increase the
production efficiency of the refinery.

As part of the company's recovery plan, the tower was fixed and
prepared for uninterrupted production of vacuum gas oil.
The commissioning and start-up activities on the refurbished
vacuum distillation tower commenced on Feb. 14.

"With commissioning and start-up of this refurbished vacuum
distillation tower we completed the first stage of our recovery
plan.  With this refurbished vacuum tower in service our
refinery capacity achieves 'efficient' operations at one half of
the volumes refined in the unit damaged by the fire.  The
refurbished tower substantially optimizes our production
efficiency," Paul Nelson English, General Director of AB
Mazeikiu Nafta disclosed.

The tower was built in 1982 to supply feedstock for bitumen
production.  A decade later, when the FCC Complex was built,
this tower was taken out of service and preserved.  The
refurbished tower is capable of refining around 50% of the crude
unit residue volumes refined in the unit damaged by the fire in
October 2006.

"It is obvious that the start-up of the tower will have a
significant impact on the performance results of the entire
Refinery," Mr. English added. "However, at this stage of
optimization, it is too early for a determination of the
benefit."

                         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.

                        *     *     *

As reported in the TCR-Europe on Dec. 19, 2006, Fitch Ratings
affirmed Mazeikiu Nafta AB's Issuer Default rating at B+ and
removed it from Rating Watch Positive.  A Positive Outlook was
assigned.  MN's Short-term rating is affirmed at B.

The rating action follows MN's ownership change as a result of
Polish oil refining and marketing company PKN Orlen S.A.'s
acquisition of the company.  PKN has taken operational control
over MN after the acquisition of a 53.7% stake in MN from Yukos
International U.K. B.V. for US$1.49 billion and a 30.66% stake
from the Lithuanian government for US$852 million.


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


BALT-TRADE-INC: Court Names V. Molchanov as Insolvency Manager
--------------------------------------------------------------
The Arbitration Court of St. Petersburg and Leningrad appointed
Mr. V. Molchanov as Insolvency Manager for CJSC Balt-Trade-Inc.
He can be reached at:

         V. Molchanov
         Obvodnogo Kanala Quay 181
         190103 St. Petersburg
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A56-39661/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and the
         Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Balt-Trade-Inc
         Building 2
         Baykanurskaya Str. 13
         197227 St. Petersburg
         Russia


EVRAZ GROUP: EC Grants Sole Control of Highveld Steel & Vanadium
----------------------------------------------------------------
Evraz Group S.A. has received clearance from the European
Commission to acquire sole control of Highveld Steel and
Vanadium Corporation Ltd., subject to certain conditions.

The company received the clearance in the first phase of the
anti-monopoly investigation process by the European Commission.

Under conditions of the clearance, Evraz has committed to divest
certain of Highveld's vanadium production facilities and related
assets, including the Vanchem Operations located in Witbank,
Republic of South Africa, and access to Highveld's Mapochs Mine
and its 50% joint venture holdings in South Africa Japan
Vanadium (Proprietary) Ltd.  Evraz has also committed to
maintaining existing vanadium feedstock supply agreements with
certain customers.

Evraz is investing in Highveld in order to further diversify
geographically in steel production.  Through Highveld, Evraz
believes it will have access to the growing South African
construction sector.  The transaction will further ensure a
source of local vanadium ore and slag supplies.

In an agreement announced on July 14, 2006, Evraz and Credit
Suisse International each purchased a 24.9% stake in Highveld
from Anglo South Africa Capital (Proprietary) Ltd.  Pursuant to
that agreement, Evraz has an option to increase its stake in
Highveld once regulatory approvals are received, including from
competition authorities in South Africa.  Evraz has already
filed and is waiting for the approvals from the competition
authorities in South Africa.

Evraz is entitled, once it receives all regulatory approvals, to
purchase Anglo American's remaining 29.2% stake in Highveld as
well as Credit Suisse's 24.9% stake through the exercise of
separate option agreements.  Upon exercise of these options,
Evraz will own around 79% of all outstanding shares in Highveld
and, as a result, will exercise sole control.  Under South
African law, Evraz will be required to make a mandatory general
offer to all shareholders of Highveld after its ownership
position exceeds 35%.

                           About Evraz

Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR)
-- http://www.evraz.com/-- manufactures and distributes steel
and related products.  In addition, the Company owns and
operates certain mining assets.  Its steel production and mining
facilities are mainly located in the Russian Federation.  It
operates three steel mills in Russia, one mill in Sverdlovsk
region and two mills in Kemerovo region.

                          *     *     *

As reported in the TCR-Europe on Nov. 23, 2006, Fitch Ratings
affirmed Luxembourg-based Evraz Group S.A.'s Issuer Default and
senior unsecured ratings at BB and its Short-term rating at B.

At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd.- Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.

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


GAYSKIY FACTORY: Creditors Must File Claims by April 3
------------------------------------------------------
Creditors of OJSC Gayskiy Factory of Nonferrous Machining Alloy
have until April 3 to submit written proofs of claim to:

         V. Ryabchenkov, Insolvency Manager
         Mekhanizatorov Str. 1
         460027 Orenburg
         Russia

The Arbitration Court of Orenburg commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A47-2450/2006-14GK.

The Court is located at:

         The Arbitration Court of Orenburg
         9th January Str. 64
         460046 Orenburg
         Russia

The Debtor can be reached at:

         OJSC Gayskiy Factory of Nonferrous Machining Alloy
         Tekhnologicheskiy Proezd, 18
         Gay, Orenburg
         Russia


GAZPROMBANK OAO: Eyes to Raise Over US$3 Billion Funds This Year
----------------------------------------------------------------
OAO Gazprombank will raise around US$3 billion on foreign
markets and RUR10 billion (US$377 million) on the local market
this year, RIA Novosti reports.

Gazprombank, according to vice president Roman Abdulin, will
raise the amount through:

   -- Eurobonds,
   -- syndicated loans,
   -- bonded loans on the Russian market, and
   -- initial public offering in mid-2008.

Alexander Sobol, company deputy chairman of Gazprombank's board,
said that the bank would offer new shares equivalent to 15%-20%
of its market capital in the initial public offering, RIA
Novosti relates.  The bank, Mr. Sobol added, has yet to finalize
the final amount of shares to be offered.

Gazprombank recently placed RUR10-billion Eurobonds with a 2010
maturity and an annual interest rate of 7.25%.

The company, RIA Novosti says, will use the new funds to:

   -- expand its business;
   -- hike its market share; and
   -- boost the volume of corporate lending.

According to RIA Novsoti, Russian banks are believed to be
heavily undercapitalized and in need of funds to compete with
Western rivals.

                       About Gazprombank

Headquartered in Moscow, Russian Federation, OAO Gazprombank --
http://www.gazprombank.ru/-- a subsidiary of OAO Gazprom,
offers services primarily to the gas industry.  It offers
syndicated loans, participation loans, factoring, lease
financing, cash and settlement services, money transfers and
credit cards.

                        *     *     *

As reported in the TCR-Europe on Dec. 4, 2006, Standard & Poor's
Ratings Services affirmed its 'BB+/B' long-and short-term
counterparty credit ratings and 'ruAA+' Russia national scale
rating on Gazprombank, following the upgrade of its 100% owner,
OAO Gazprom, to 'BBB' from 'BBB-.'

At the same time, the ratings on Gazprombank were removed from
CreditWatch, where they had been placed with positive
implications on Nov. 15, 2006, following a review of government
influence on Russian government-related entities (GREs),
including Gazprom.  The outlook is stable.

On Dec. 22, 2005, Moody's Investors Service upgraded
Gazprombank's Financial Strength Rating to D- from E+; the
bank's Baa2/Prime-2 long-term and short-term foreign currency
deposits ratings as well as its Baa1 long-term senior debt
rating remain unchanged.  Moody's said the outlook for the
ratings is stable.


IC RUSS-INVEST: Fitch Affirms B IDR With Stable Outlook
-------------------------------------------------------
Fitch Ratings affirmed Russia-based OJSC Investment Company IC
Russ-Invest's ratings at Issuer Default 'B', Short-term 'B' and
National Long-term 'BBB-'.  The Outlooks for the Issuer Default
and Long-term ratings are Stable.

The ratings reflect IC Russ-Invest's high exposure to Russian
market risk, resulting in potential earnings volatility, and
potential corporate governance concerns that surround a small
company owned by management.  The ratings also reflect the
absence of any debt at IC Russ-Invest.

Upside rating potential for IC Russ-Invest is currently limited
by its size and reliance on proprietary trading, with a sole
focus on the Russian market.  Downside pressure could result
from material changes in leverage or capital management, which
Fitch does not foresee at this stage.

IC Russ-Invest is a former voucher fund with a shareholder base
of more than 2.2 million individuals, although management owns a
controlling stake.  The company's main activity is trading on
its own account.  It invests in RUB-denominated securities that
are mostly traded on either RTS or MICEX.


KENIGSBERG LLC: Creditors Must File Claims by April 3
-----------------------------------------------------
Creditors of LLC Factory of Upholstered Furniture Kenigsberg
have until April 3 to submit written proofs of claim to:

         A. Trifonov, Insolvency Manager
         Post User Box 383
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of Kaliningrad commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A21-1172/06.

The Court is located at:

         The Arbitration Court of Kaliningrad
         Rokossovskogo Str. 2
         Kaliningrad
         Russia

The Debtor can be reached at:

         Factory of Upholstered Furniture Kenigsberg
         Pravaya Naberezhnaya Str. 9
         Kaliningrad
         Russia


KHABAROVSKOYE MEAT: Creditors Must File Claims by March 3
---------------------------------------------------------
Creditors of LLC Khabarovskoye Meat Products have until March 3
to submit written proofs of claim to:

         A. Karlin, Insolvency Manager
         Apartment 157
         Nevelskogo Str. 4
         Vladivostok
         690013 Primorye
         Russia

The Arbitration Court of Khabarovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A73-12546/2006-36.

The Debtor can be reached at:

         LLC Khabarovskoye Meat Products
         Krasnorechenskaya Str. 92a
         Khabarovsk
         Russia


KRIVOVSKOYE LLC: Bankruptcy Hearing Slated for April 17
-------------------------------------------------------
The Arbitration Court of Saratov will convene at 10:05 a.m. on
April 17 to hear the bankruptcy supervision procedure on
LLC Krivovskoye.  The case is docketed under Case No. A-57-
15181/06-31.

The Temporary Insolvency Manager is:

         S. Kalinin
         Office 8
         Br.Nikitinykh Str. 4a
         410018 Saratov
         Russia

The Court is located at:

         The Arbitration Court of Saratov
         Babushkin Vvoz 1
         Saratov
         Russia

The Debtor can be reached at:

         LLC Krivovskoye
         Kirovskoye
         Marksovskiy, Saratov
         Russia


LESOZAVODSK-AGRO-PROM-SERVICE: Claims Filing Period Ends April 3
----------------------------------------------------------------
Creditors of OJSC Lesozavodsk-Agro-Prom-Service have until
April 3 to submit written proofs of claim to:

         O. Babyuk, Insolvency Manager
         Post User Box 35
         629510 Ussuriysk-10
         Russia

The Arbitration Court of Primorye commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A51-5407/2006-11-131.

The Debtor can be reached at:

         OJSC Lesozavodsk-Agro-Prom-Service
         Kurskaya Str. 1
         Lesozavodsk, Primorye
         Russia


LOBINSKOYE CJSC: Bankruptcy Hearing Slated for May 20
-----------------------------------------------------
The Arbitration Court of Novosibirsk will convene at 3:30 p.m.
on May 20 to hear the bankruptcy supervision procedure on
CJSC Lobinskoye.  The case is docketed under Case No. A45-18597/
06-43/491.

The Temporary Insolvency Manager is:

         V. Alekseev
         Post User Box 56
         190013 St. Petersburg
         Russia

The Court is located at:

         The Arbitration Court of Novosibirsk
         Kirova Str. 3
         630007 Novosibirsk
         Russia

The Debtor can be reached at:

         CJSC Lobinskoye
         Lobino
         Krasnozerskiy
         632940 Novosibirsk
         Russia


NIZHEGORODSKIY PUMP: Creditors Must File Claims by March 3
----------------------------------------------------------
Creditors of LLC Nizhegorodskiy Pump Factory have until March 3
to submit written proofs of claim to:

         S. Alakhkuliev, Temporary Insolvency Manager
         Post User Box 115
         603000 Nizhniy Novgorod
         Russia

The Arbitration Court of Nizhniy Novgorod commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A43-35691/2006 27-1043.

The Court is located at:

         The Arbitration Court of Nizhniy Novgorod
         Kremlin 9
         603082 Nizhniy Novgorod
         Russia

The Debtor can be reached at:

         LLC Nizhegorodskiy Pump Factory
         Lenina Pr. 62
         Nizhniy Novgorod
         Russia


PROJECT-SERVICE CJSC: Creditors Must File Claims by March 3
-----------------------------------------------------------
Creditors of CJSC Project-Service have until March 3 to submit
written proofs of claim to:

         A. En'kov, Temporary Insolvency Manager
         Office 521
         Mezhevoy Canal
         St. Petersburg
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy supervision procedure on the company.  The case is
docketed under Case No. A56-41377/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and the
         Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Project-Service
         Premise 34-N
         Letter A
         Kantemirovskaya Str. 12
         194100 St. Petersburg
         Russia


PYATIGORSKIY BREAD: Creditors Must File Claims by March 3
---------------------------------------------------------
Creditors of declared CJSC Pyatigorskiy Bread (TIN/KPP
2632038620/263201001) have until March 3 to submit written
proofs of claim to:

         A. Martirosyan, Insolvency Manager
         Sholokhova Pr. 8A
         344019 Rostov-na-Donu
         Russia

The Arbitration Court of Stavropol commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A63-13632/06-S5.

The Court is located at:

         The Arbitration Court of Stavropol
         Mira Str. 458 b
         Stavropol
         Russia

The Debtor can be reached at:

         CJSC Pyatigorskiy Bread
         Zheleznodorozhnaya Str. 121A
         Pyatigorsk
         357500 Stavropol
         Russia


ROSNEFT OIL: Has Until Jan. 3, 2008 to Mend Yugansk Loan Breach
---------------------------------------------------------------
Creditors of OAO Rosneft Oil Co. has waived the company's
liabilities for breaching the terms of earlier loans connected
to its purchase and restructuring of OAO Yuganksneftegaz,
published reports say.

The creditors gave Rosneft until Jan. 3, 2008, to regulate "the
terms of Yuganskneftegaz liabilities connected with the results
of tax inspections for 2004 and for the period before 2004 and
also a demand from Societe Generale S.A. on a guarantee for
US$1.6 billion," Interfax News Agency reports citing the
company's fourth quarter 2006 results.

Rosneft said it would continue to record the transaction as
long-term debt.

                        About Rosneft

Headquartered in Moscow, Russia, OAO Rosneft Oil Co. --
http://ns.roilcom.ru/english/-- produces and markets petroleum
products.  The Company explores for, extracts, refines and
markets oil and natural gas.  Rosneft produces oil in Western
Siberia, Sakhalin, the North Caucasus and the Arctic regions of
Russia.

                        *     *     *

In a TCR-Europe report on Jan. 16, Standard & Poor's Ratings
Services raised its long-term corporate credit rating on Russian
OJSC Oil Company Rosneft to 'BB+' from 'BB' and removed it from
CreditWatch, where it had been placed with positive implications
on Nov. 15, 2006.  S&P said the outlook is developing.

As reported in the TCR-Europe on Jan. 2, Fitch Ratings placed
OJSC Rosneft Oil's foreign and local currency Issuer Default
ratings of BB+ on Rating Watch Positive following the company's
announcement of strong financial results for the first nine
months of 2006.


ROSS-RESOURCE CJSC: Creditors Must File Claims by March 3
---------------------------------------------------------
Creditors of declared CJSC Ross-Resource (TIN 7715040773) have
until March 3 to submit written proofs of claim to:

         O. Matveeva, Insolvency Manager
         Apartment 64
         Building 1
         Polotskaya Str. 29
         121351 Moscow

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A40-74003/06-44-1165B.

The Court is located at:

         The Arbitration Court of Moscow
         Novaya Basmannaya Str. 10
         Moscow
         Russia

The Debtor can be reached at:

         CJSC Ross-Resource
         Khachaturyana Str., 7
         Moscow
         Russia


SAKHALINSKAYA FISHING: Creditors Must File Claims by April 3
------------------------------------------------------------
Creditors of CJSC Sakhalinskaya Fishing Industry Company have
until April 3 to submit written proofs of claim to:

         Insolvency Manager
         Komsomolskaya Str. 280
         693013 Yuzhno-Sakhalinsk
         Russia

The Arbitration Court of Sakhalin commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No.A59-659/04-S 4.

The Court is located at:

         The Arbitration Court of Sakhalin
         Kommunisticheskiy Pr. 24
         693020 Yuzhno-Sakhalinsk
         Russia

The Debtor can be reached at:

         CJSC Sakhalinskaya Fishing Industry Company
         Komsomolskaya Str. 280
         693013 Yuzhno-Sakhalinsk
         Russia


SHUNGIZIT OJSC: Creditors Must File Claims by March 3
-----------------------------------------------------
Creditors of OJSC Shungizit (TIN 5192800031) have until March 3
to submit written proofs of claim to:

         M. Andreev, Temporary Insolvency Manager
         Office 21
         Knipovicha Str. 45
         183039 Murmansk
         Russia

The Arbitration Court of Murmansk commenced bankruptcy
supervision procedure on OJSC Shungizit (TIN 5192800031).  The
hearing in the Court will convene on April 5.  The case is
docketed under Case No. A42-4755/2006-14.

The Court is located at:

         The Arbitration Court of Murmansk
         Knipovicha Str. 20
         Murmansk
         Russia

The Debtor can be reached at:

         OJSC Shungizit
         Severnaya Promzona
         Murmansk
         Russia


SIBERIAN SPRING: Creditors Must File Claims by April 3
------------------------------------------------------
Creditors of CJSC Siberian Spring have until April 3 to submit
written proofs of claim to:

         A. Biryukov, Insolvency Manager
         Post User Box 2004
         Central Post Office
         650000 Kemerovo
         Russia

The Arbitration Court of Novosibirsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A45-16905/06-4/339.

The Court is located at:

         The Arbitration Court of Novosibirsk
         Kirova Str. 3
         630007 Novosibirsk
         Russia

The Debtor can be reached at:

         CJSC Siberian Spring
         Ust-Kamenka
         Toguchinskiy
         Novosibirsk
         Russia


SORTAVALSKIY FISHING: Asset Sale Slated for March 6
---------------------------------------------------
B. Remnev, the insolvency manager and bidding organizer for
CJSC Sortavalskiy Fishing Factory, will proceed with a repeated
auction for the company's properties at 11:00 a.m. on March 6
at:

         CJSC Sortavalskiy Fishing Factory
         Promyshlennaya Str., 8
         Sortavala
         Kareliya
         Russia

The company has set a RUR1.9 million starting price for the
auctioned assets.

Interested participants have until March 5 to deposit an amount
of RUR300,000 to:

         CJSC Sortavalskiy Fishing Factory
         Settlement Account 40702810770112100066
         Correspondent Account 30101810800000000829
         BIK 044030829
         TIN 7831001060
         KPP 783501001
         OJSC Inkasbank

Bidding documents must be submitted to:

         B. Remnev
         Promyshlennaya Str. 8
         Sortavala
         Kareliya
         Russia

The Debtor can be reached at:

         CJSC Sortavalskiy Fishing Factory
         Promyshlennaya Str. 8
         Sortavala
         Kareliya
         Russia


YUKOS OIL: Receiver to Auction Assets in Late March, Reports Say
----------------------------------------------------------------
Eduard Rebgun, the bankruptcy receiver of OAO Yukos Oil Co.,
will conduct the first set of auctions for the assets of what
was once Russia's largest oil producer in late March, according
to published reports.

AK&M News earlier reported that Yukos's assets are valued at
US$33 billion minus a 30% discount.  The sale of the company's
remaining assets, which include refineries and two oil
production units, will begin following the completion of the
valuation process this month.

According to RosBusinessConsulting, interested bidders are
required to submit an advance payment equal to 20 percent of the
cost of the lot to participate in the auction.

State-owned Rosneft Oil and OAO Gazprom are widely seen as the
most likely contenders for the bulk of nearly 200 Yukos assets
set to be liquidated this year, The Moscow Times relates.

Published reports suggest that the auction would likely begin
with the sale of Yukos' 20 percent stake in Gazprom Neft and 9
percent stake in Rosneft Oil.  Receivers are reportedly asking
RUR2.6 billion more for Gazprom than it is worth, while Rosneft
is offered at RUR18.83 billion, an amount lower than its market
price.  Kommersant says, citing unofficial reports, the market
price for the stake in Gazprom is set at RUR111.35 billion and
the shares in Rosneft at RUR191.92 billion.

WSJ reveals that Gazprom is in talks with other investors about
possible joint bids for certain assets, with Gazprom expected to
retain controlling stakes.  Possible partners include: Chevron
Corp., ENI SpA and ONGC Videsh Ltd., a subsidiary of India's Oil
& Natural Gas Corp., WSJ relates.

Rosneft CEO Sergei Bogdanchikov told the Interfax news agency
that his company's decision to bid would be based on the
valuations of the individual assets, Greg Walters writes for the
Wall Street Journal.

Aside from being a potential buyer, Rosneft also holds a
RUR264.6 billion (US$10 billion) claim against Yukos, which
entitles Rosneft a seat in the firm's creditors' committee.

                        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 Russian 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 L O V A K   R E P U B L I C
=============================


SLOVAK AIRLINES: Filing for Bankruptcy Due to Government's Debt
---------------------------------------------------------------
Slovak Airlines, an Austrian Airlines unit, is expected to file
for bankruptcy within the next few days after the Austrian
carrier stopped all scheduled flights, forcing the company to
cease its operations, AFX News states.

According to the report, Austrian Airlines terminated the
flights in mid-February in the wake of the Slovakian
government's failure to meet a final extension for the repayment
of its unsettled debts.

The Slovakian government agreed to assume Slovak Airlines'
debts, part of the conditions set by the Austrian carrier, when
it acquired a 62% stake in the company in January 2005, AFX News
relates.

The debts, which should have been fully paid in spring 2006,
amount to EUR11 million instead of the previously estimated EUR6
million, AFX News reports.

The Austrian national carrier had withdrawn all financial
support for the company since Jan. 17 and also recalled its two
Boeing 737 300s from Slovak Airlines' custody, AFX News reveals.

                     About Austrian Airlines

Based in Wien, Austria, Austrian Airlines -- http://www.aua.com/
has three partners: Austrian, Lauda Air, and Austrian arrows.
The focus of Austrian is on scheduled traffic, Austrian
arrows specializes in regional business, while Lauda Air
completes the Group program with its activities in the charter
flight segment.

                      About Slovak Airlines

Headquartered in Bratislava, Slovak Republic, Slovak Airlines --
http://www.slovakairlines.sk/-- has been operating on the
Slovak airlines market for almost 10 years.  The company's main
target is to operate regular and irregular passenger air
transport.

In January 2005, Austrian Airlines purchased a 62% stake in the
company under the condition that the Slovakian government will
take on the company's debts.

After the company finished its transformation in January 2006,
the maintenance of the aircrafts was shifted on a contractual
basis to Austrian Airlines Technik.


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


BANZNACH JSC: Creditors' Liquidation Claims Due March 31
--------------------------------------------------------
Creditors of JSC Banznach have until March 31 to submit their
claims to:

         Benno P. Hafner
         Liquidator
         Hafner & Hochstrasser
         General-Guisan-Quai 30
         8002 Zurich
         Switzerland

The Debtor can be reached at:

         JSC Banznach
         Zug
         Switzerland


BORSANI JSC: Creditors' Liquidation Claims Due March 31
-------------------------------------------------------
Creditors of JSC Borsani have until March 31 to submit their
claims to:

         JSC Sommer Treuhand & Revisionen
         Liquidator
         Ringweg 2a
         8353 Elgg
         Winterthur ZH
         Switzerland

The Debtor can be reached at:

         JSC Borsani
         Winterthur ZH
         Switzerland


DCP HANDELS: Creditors' Liquidation Claims Due March 14
-------------------------------------------------------
Creditors of JSC DCP Handels und Finanz have until March 14 to
submit their claims to:

         LLC Kromag Verwaltungs
         Liquidator
         Chamerstrasse 172
         6304 Zug
         Switzerland

The Debtor can be reached at:

         JSC DCP Handels und Finanz
         Zug
         Switzerland


DCS CORPORATION: Creditors' Liquidation Claims Due March 9
----------------------------------------------------------
Creditors of JSC DCS Corporation have until March 9 to submit
their claims to:

         Andrew George Poolman
         Liquidator
         Baarerstrasse 2
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC DCS Corporation
         Lucerne
         Switzerland


DELOITTE & TOUCHE SERVICES: Creditors' Claims Due March 31
----------------------------------------------------------
Creditors of JSC Deloitte & Touche Services have until March 31
to submit their claims to:

         JSC Deloitte & Touche Services
         Liquidator
         Klausstr. 4
         8008 Zurich
         Switzerland

The Debtor can be reached at:

         JSC Deloitte & Touche Services
         Klausstr. 4
         8008 Zurich
         Switzerland


DH & S TRUSTEES: Creditors' Liquidation Claims Due March 31
-----------------------------------------------------------
Creditors of JSC DH & S Trustees have until March 31 to submit
their claims to:

         JSC DH & S Trustees
         Liquidator
         Klausstr. 4
         8008 Zurich
         Switzerland

The Debtor can be reached at:

         JSC DH & S Trustees
         Klausstr. 4
         8008 Zurich
         Switzerland


EAST-WEST ENGINEERING: Liquidation Claims Due March 12
------------------------------------------------------
Creditors of JSC East-west Engineering have until March 12 to
submit their claims to:

         JSC East-west Engineering
         Liquidator
         Poststrasse 22
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC East-west Engineering
         Poststrasse 22
         6300 Zug
         Switzerland


GLOBAL FINANCE: Creditors' Liquidation Claims Due March 12
----------------------------------------------------------
Creditors of LLC Global Finance & Investments have until
March 12 to submit their claims to:

         Nicolae Dan Ionescu
         Liquidator
         Pilatusstr. 2
         2502 Biel BE
         Switzerland

The Debtor can be reached at:

         LLC Global Finance & Investments
         Biel/ Bienne BE
         Switzerland


MACUTIL FINANZIARIA: Creditors' Liquidation Claims Due March 12
---------------------------------------------------------------
Creditors of JSC Macutil Finanziaria have until March 12 to
submit their claims to:

         Dr. Peter Schwarz
         Liquidator
         Lowenstrasse 25
         8021 Zurich
         Switzerland

The Debtor can be reached at:

         JSC Macutil Finanziaria
         Chur
         Plessur GR
         Switzerland


WINDSHIP LLC: Creditors' Liquidation Claims Due March 12
--------------------------------------------------------
Creditors of LLC Windship have until March 12 to submit their
claims to:

         Peter K. Kraus
         Liquidator
         JSC Revitrag Treuhand
         Metallstrasse 9a
         6304 Zug
         Switzerland

The Debtor can be reached at:

         LLC Windship
         Zug
         Switzerland


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


BUDINFORM LLC: Creditors Must Submit Claims by March 5
------------------------------------------------------
Creditors of LLC Budinform (code EDRPOU 14020414) have until
March 5 to submit written proofs of claim to:

         Andrei Savochka, Temporary Insolvency Manager
         Sumy and Kiev Divisions Str. 20
         40024 Sumy Ukraine

The Economic Court of Sumy commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
7/206-06.

The Court is located at:

         The Economic Court of Sumy
         Shevchenko Avenue 18/1
         40030 Sumy
         Ukraine

The Debtor can be reached at:

         LLC Budinform
         Skriabin Str. 7
         42000 Sumy
         Ukraine


KRYM CJSC: Claims Submission Deadline Set March 5
-------------------------------------------------
Creditors of CJSC Agricultural Firm Krym (code EDRPOU 16328458)
have until March 5 to submit written proofs of claim to:

         Vitaly Zaevsky
         Lavandovy Lane 2/6
         Simferopol
         95493 AR Krym
         Ukraine

The Economic Court of AR Krym commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
2-17/18538-2006.

The Court is located at:

         The Economic Court of AR Krym
         Karl Marks Str. 18
         Simferopol
         95000 AR Krym
         Ukraine

The Debtor can be reached at:

         CJSC Agricultural Firm Krym
         Lavandovy Lane 2/6
         Simferopol
         95493 AR Krym
         Ukraine


POCHANINSKOE LLC: Creditors Must Submit Claims by March 5
---------------------------------------------------------
Creditors of LLC Pochaninskoe (code EDRPOU 30802829) have until
March 5 to submit written proofs of claim to:

         Vasily Glebov, Temporary Insolvency Manager
         Hmelnitsky Str. 23
         Vinnica
         Ukraine
         Tel: 67-33-66

The Economic Court of Vinnica commenced bankruptcy supervision
procedure on the company on Jan. 2.  The case is docketed under
Case No. 5/5-07.

The Court is located at:

         The Economic Court of Vinnica
         Hmelnickiy Str. 7
         21036 Vinnica
         Ukraine

The Debtor can be reached at:

         LLC Pochaninskoe
         Sadovaya Str. 5
         Pochanincy
         Zhmerinka District
         23112 Vinnica
         Ukraine


SOKOLOVSKOE LLC: Creditors Must Submit Claims by March 5
--------------------------------------------------------
Creditors of Joint LLC Sokolovskoe (code EDRPOU 30803335) have
until March 5 to submit written proofs of claim to:

         Lina Demec, Temporary Insolvency Manager
         P.O. Box 5894
         21016 Vinnica
         Ukraine
         Tel: 8(0432) 35-63-09

The Economic Court of Vinnica commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
10/101-06.

The Court is located at:

         The Economic Court of Vinnica
         Hmelnickiy Str. 7
         21036 Vinnica
         Ukraine

The Debtor can be reached at:

         Joint LLC Sokolovskoe
         Kryzhopol District
         Molodezhnaya Str. 2
         Sokolovka
         Vinnica
         Ukraine


STRELKOVOE OJSC: Claims Submission Deadline Set March 5
-------------------------------------------------------
Creditors of OJSC Strelkovoe (code EDRPOU 31875811) have until
March 5 to submit written proofs of claim to:

         Serhey Kosenko, Liquidator
         Voenniy Lane 6
         73000 Herson
         Ukraine
         Tel: 8-050-521-72-66

The Economic Court of Herson commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 12/176-B-06.

The Court is located at:

         The Economic Court of Herson
         Gorkiy Str. 18
         73000 Herson
         Ukraine

The Debtor can be reached at:

         OJSC Strelkovoe
         Strelkovoe
         Genichesk District
         Herson
         Ukraine


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


ADVANCED MARKETING: Court Approves Qualified Bidding Protocol
-------------------------------------------------------------
The Hon. Judge Sontchi approved the Qualified Transaction
Procedures proposed by Advanced Marketing Services Inc. and its
debtor-affiliates, and designated Baker & Taylor as stalking
horse bidder.

Judge Sontchi ruled that the Debtors will provide these Stalking
Horse Protections to Baker & Taylor, in cash and at the closing
of an alternative transaction:

   (a) a break-up fee in an amount equal to 2% of the sum of (i)
       US$20,000,000, (ii) the minimum Selected APG Inventory
       Purchase Price, (iii) Advanced Marketing Services Inc.'s
       and Baker & Taylor's jointly established good faith
       estimate of the APG Product Prepayment Price, and (iv)
       AMS' and Baker & Taylor's jointly established good faith
       estimate of the Accounts Receivable Price; and

   (b) Baker & Taylor's reasonable and documented out-of-pocket
       fees and costs, including costs of counsel, not exceeding
       US$300,000.

The Stalking Horse Protections are entitled to status and
payment as super-priority administrative expenses in the
Debtors' Chapter 11 cases, Judge Sontchi adds.

                         Offer Deadline

Binding offers to purchase all or any defined portion of the
assets to be sold under the APA between the Debtors and Baker &
Taylor may be submitted on or before 5:0O p.m. on Feb. 27.
Although a Qualified Offer may be subject to some contingencies,
any contingencies will be considered by AMS when evaluating and
comparing Qualified Offers.

                    Offer Evaluation Process

A meeting will be held at 10:00 a.m. on March 1 at the offices
of the Debtors' counsel if AMS determines that proceeding with
the Offer Evaluation Process is appropriate.

Initial Qualified Offers will be considered only if they provide
consideration for the proposed purchased assets that exceeds the
consideration offered for the assets by Baker & Taylor plus the
Stalking Horse Protections -- calculated under the assumption
that the Stalking Horse Protections will equal around
US$2,000,000.  Successive Qualified Offers will be considered
only if they exceed the previous offer by US$500,000 increments.

The Debtors may recess the Offer Evaluation Process from time to
time in their discretion to assess Qualified Offers or permit
participants to alter or increase their Qualified Offers.   The
Debtors may conduct the Offer Evaluation Process as an auction,
a series of negotiations or whatever other means it determines
in its business judgment.

                          Multiple Lots

The Offer Evaluation Process may proceed in multiple lots,
provided that any participant will have an opportunity to submit
a Qualified Offer on one or more lots or on all lots together,
and the Debtors will be free to accept the Qualified Offer or
Offers that, alone or in conjunction with others, the Debtors
deems to comprise the highest and best offer available.

                            Inventory

Unless the Debtors' inventory is sold pursuant to a Qualified
Offer approved by the Bankruptcy Court, the Debtors will propose
and file with the Bankruptcy Court a program to provide for the
return of the Debtors' inventory to the publishers that sold the
inventory for values and on terms as agreed by the Debtors and
the Official Committee of Unsecured Creditors, or as otherwise
ordered by the Bankruptcy Court.  The program will be effective
after payment of a certain closing payoff amount.

Upon the conclusion of the Offer Evaluation Process, the Debtors
will file and serve a supplement identifying the highest and
best Qualified Offers, and seek approval of the sale of their
assets pursuant to Sections 363 and 365 of the Bankruptcy Code
to the party or parties submitting Qualified Offers.

The Court sets the hearing on the Sale Motion to March 5.

The Court directs the Debtors to file a schedule of proposed
cure amounts for all executory contracts proposed to be assumed
and assigned under the Sale Motion.

Any objections to (a) the Sale Motion or (b) the proposed cure
amounts set forth in the Proposed Cure Schedule must be filed no
later than 5:00 p.m. EST, on Feb. 28.  Any objections to the
ability of the Buyers to provide adequate assurances of future
performance under any executory contract proposed to be assumed
and assigned under the Sale Motion may be presented at the March
5 Sale Hearing.


                    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
around 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.
(Advanced Marketing Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

The Debtors' exclusive period to file a chapter 11 plan expires
on April 28, 2007.


ADVANCED MARKETING: Inks Asset Purchase Pact with Baker & Taylor
----------------------------------------------------------------
Advanced Marketing Services Inc., and Baker & Taylor Inc.
entered into an Asset Purchase Agreement on Feb. 16, for the
sale of majority of the company's assets, Mark D. Collins, Esq.,
at Richards, Layton & Finger, P.A., in Wilmington, Delaware,
notified the Court.

Under the agreement, Baker & Taylor will acquire all of AMS'
right, title, and interest in certain of its assets including:

     (i) certain assigned contracts,

    (ii) certain tangible property owned or used by AMS in
         connection with the conduct of its business,

   (iii) all trade accounts receivable of AMS' business,
         including unbilled accounts receivable,

    (iv) an inventory of Advantage Publishers Group selected by
         Baker & Taylor,

     (v) the capital stock of Advanced Marketing Services
         Investments Inc.; Advanced Marketing S. de R.L, de
         C.V.; and Advanced Marketing (Europe) Ltd., and

    (vi) product prepayments with respect to APG.

Baker & Taylor will pay:

    (i) US$20,000,000;

   (ii) the Selected APG Inventory Price;

  (iii) the APG Product Prepayment Price; and

   (iv) the Accounts Receivable Price; plus or minus

    (v) the net proration of the Apportioned Obligations
       determined in accordance with the agreement.

Baker & Taylor will pay to AMS 50% of the Purchase Price on the
Closing Date; 25% no later than 60 days after the Closing Date;
and the remaining 25% no later than 90 days after the Closing
Date.

The Closing Date will occur on March 13.

A full-text copy of the agreement is available for free at:

   http://bankrupt.com/misc/AMSandB&TAPA.pdf

                    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
around 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.
(Advanced Marketing Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)

The Debtors' exclusive period to file a chapter 11 plan expires
on April 28, 2007.


ANGLIAN FLEXIBLE: Creditors' Meeting Slated for March 15
--------------------------------------------------------
Creditors of Anglian Flexible Coatings Ltd. will meet at
11:00 a.m. on March 15 at:

         Towlers Court
         30A Elm Hill
         Norwich
         Norfolk
         NR3 1HG
         England

Creditors who want to vote at the meeting must 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 March 13.


ASTON ELECTRICAL: Claims Filing Period Ends May 31
--------------------------------------------------
Creditors of Aston Electrical (Midlands) Ltd. have until May 31
to send their names and addresses and the particulars of their
claims and the names and addresses of their solicitors, if any,
to:

         Simon Gwinnutt
         Liquidator
         Smith Cooper
         Wilmot House
         St. James Court
         Friar Gate
         Derby
         DE1 1BT
         England

Simon Gwinnutt of Smith Cooper was appointed liquidator of the
company on Feb. 9.


AUTOSAVE LTD: Appoints Joint Administrators from BDO Stoy
---------------------------------------------------------
T. S. Underwood and F. G. Newton of BDO Stoy Hayward LLP were
appointed joint administrators of Autosave (U.K.) Ltd. (Company
Number 1757005) on Feb. 5.

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.

The company can be reached at:

         Autosave (U.K.) Ltd.
         Ivy House
         The Dale
         Sheffield
         South Yorkshire
         S8 0PS
         England
         Tel: 0114 255 4040
         Fax: 0114 255 4949


BELMONT ENGINEERING: Joint Liquidators Take Over Operations
-----------------------------------------------------------
Bernard Hoffman and Ian Douglas Yerrill of Gerald Edelman
Business Recovery were appointed joint liquidators of Belmont
Engineering Services (U.K.) Ltd. on Feb. 2 for the creditors'
voluntary winding-up procedure.

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.

The company can be reached at:

         Belmont Engineering Services (U.K.) Ltd.
         Station Road
         Wootton Bassett
         Swindon
         Wiltshire
         SN4 7ED
         England
         Tel: 01793 840 747
         Fax: 01793 840 737


BOSTON COMMS: Creditors' Meeting Slated for March 1
---------------------------------------------------
Creditors of Boston Comms Ltd. will meet at 2:15 p.m. on March 1
at:

         BWC Business Solutions
         8 Park Place
         Leeds
         LS1 2RU
         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. 27.


BRADSHAW AND DAVIS: Melvyn L. Rose Leads Liquidation Procedure
--------------------------------------------------------------
Melvyn L. Rose of Elliot, Woolfe & Rose was appointed liquidator
of Bradshaw and Davis Ltd. on Feb. 12 for the creditors'
voluntary winding-up procedure.

The company can be reached at:

         Bradshaw & Davis Ltd.
         Railway Arches Rear of 27
         Parsons Green Lane
         Hammersmith and Fulham
         London
         SW6 4HH
         England
         Tel: 020 7736 7799
         Fax: 020 7736 2299


BRIARING LTD: Appoints Eileen T. F. Sale as Liquidator
------------------------------------------------------
Eileen T. F. Sale of Sale Smith & Co. Ltd. was appointed
liquidator of Briaring Limited (t/a First Stop) on Feb. 9 for
the creditors' voluntary winding-up proceeding.

The company can be reached at:

         Briaring Ltd.
         474 Chester Road
         Sutton Coldfield
         West Midlands
         B73 5BP
         England
         Tel: 0121 605 6736


BRITISH AIRWAYS: Orders Four Longhaul Boeing 777-200 ER Aircraft
----------------------------------------------------------------
British Airways Plc has taken the first step towards expanding
its longhaul fleet by ordering four Boeing 777-200 ER aircraft
for delivery during early 2009.

The airline has also taken out options on four Boeing 777-200 ER
aircraft for delivery in 2010.

Robert Boyle, British Airways' commercial director, said: 'These
new aircraft will enable us to grow our longhaul business after
we move to Terminal 5.

"It was a close decision between the Boeing 777s and Airbus
A330s.  However, the ease of assimilating up to eight aircraft
into our existing 777 fleet, rather than having a small number
of A330s, swung the balance in Boeing's favor.

"We are confident of a similarly competitive approach from both
manufacturers as we move towards our major longhaul fleet
renewal and expansion order later this year."

Negotiations continue with GE and Rolls Royce about which
engines will be used on the new Boeing 777 aircraft.

The airline's competition for additional and replacement
longhaul aircraft to be delivered in the next decade is
considering the Airbus A330, Airbus A350, Airbus
A380, Boeing 787, Boeing 777 and Boeing 747-8.  The first
aircraft to be replaced will be 20 Boeing 747s and 14 Boeing
767s, the oldest of which are currently 17 years old.

                      About the Company

Headquartered in West Drayton, United Kingdom, British Airways
Plc -- http://www.ba.com/-- operates of international and
domestic scheduled and charter air services for the carriage of
passengers, freight and mail, and provides of ancillary
services.  The British Airways group consists of British Airways
Plc and a number of subsidiary companies including in particular
British Airways Holidays Ltd. and British Airways Travel
Shops Ltd.  BA has offices in India and Guatemala.

                          *     *     *

As reported in the TCR-Europe on Feb. 7, Moody's Investors
Service changed the outlook on the Ba1 corporate family and Ba2
senior unsecured debt ratings of British Airways Plc and its
guaranteed subsidiaries to positive from negative.


BUSINESS 550: Creditors' Meeting Slated for February 28
-------------------------------------------------------
Creditors of Business 550 Publishing Ltd. will meet at 12:30
p.m. on Feb. 28 at:

         Blades Insolvency Services
         Charlotte House
         19B Market Place
         Bingham
         Nottingham
         NG13 8AP
         England

Creditors who want to vote at the meeting have until noon on
Feb. 27 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 on Feb. 26.


CABLE & WIRELESS: Trustees Sell 30,118 Ordinary Shares
------------------------------------------------------
The Trustees of Cable and Wireless plc Employee Share Ownership
Trust disposed of 6,626 Ordinary Shares at a price of GBP1.7625
per share on and 23,492 Ordinary Shares at a price of GBP1.77
per share on Feb 16.

In addition, it has come to the Company's attention that the
following notifications received from the Trust were not
released to the market:

    * 17,128 Ordinary Shares at a price of GBP1.465 on Oct. 31,
      2006; and

    * 66,385 Ordinary Shares at a price of GBP1.4625 on Nov. 1,
      2006.

Following the disposals, 37,585,826 Ordinary Shares are
currently held under the Trust.  George Battersby, Harris Jones,
John Pluthero and Tony Rice (allbeing directors of Cable and
Wireless plc), in their capacity as members of the class of
beneficiaries under the Trust, and Towers Perrin Share Plan
Services (GSY) Ltd., in their capacity as Trustees of the Trust,
are deemed to have a non-beneficial interest in these Ordinary
Shares.

No Directors are disposing of any beneficial interests in the
Company.

                    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 carries 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


CALMONT LTD: Brings In Chantrey Vellacott as Administrators
-----------------------------------------------------------
David Anthony and Kenneth William Touhey of Chantrey Vellacott
DFK LLP were appointed joint administrators of Calmont (Weald)
Ltd. (Company Number 037882110) on Jan. 30.

Chantrey Vellacott DFK -- http://www.cvdfk.com/-- provides
accounting, taxation and related advisory services.

The company can be reached at:

         Calmont (Weald) Ltd.
         Bank Chambers
         20 North Street
         Leatherhead
         Surrey
         KT22 7AT
         England
         Tel: 01372 454 818


CARNUNTUM HIGH: S&P Assigns BB Ratings to EUR5-Mln Class E Notes
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its preliminary
credit ratings to the floating-rate notes to be issued by
Carnuntum High Grade I Ltd., a special purpose entity.

Carnuntum High Grade I is Omicron Investment Management GmbH's
first CDO of structured finance securities in Europe.  In the
U.S., Omicron Investment manages Stanton CDO I S.A.

The initial portfolio will comprise highly rated investment-
grade ABS and CDOs.  Over the life of the transaction, the
portfolio must comprise at least 55% of assets rated at least
'AA-'.

The portfolio's quality will be closely monitored throughout the
reinvestment period through the coverage tests. The transaction
includes certain structural enhancement features, such as
haircuts, for downgraded assets in the coverage tests.


                            Ratings List

                    Carnuntum High Grade I Ltd.
                 EUR1 Billion Floating-Rate Notes

           Class          Prelim.        Prelim.
                          rating         amount (Mln. EUR)

           A1             AAA            820
           A2             AAA            50
           A3             AAA            80
           B              AA             25
           C              A              10
           D              BBB            5
           E              BB             5
           F              NR             5
           C              A              30


CKE ENGINEERING: Names Alan Roy Limb as Administrator
-----------------------------------------------------
Alan Roy Limb of Vantis Plc was named administrator of CKE
Engineering Ltd. (Company Number 04538765) on Jan. 30.

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

The company can be reached at:

         CKE Engineering Ltd.
         Axcess 10 Business Park
         Bentley Road South
         Wednesbury
         West Midlands
         WS10 8LQ
         England
         Tel: 0121 568 6671


CORUS GROUP: Confirms Issuance of Ordinary Shares & Bonds
---------------------------------------------------------
In accordance with Rule 2.10 of the City Code on Takeovers and
Mergers, Corus Group plc confirms that, as at Feb. 21, it had
these relevant securities in issue (including any ordinary
shares represented by American Depositary Shares but excluding
any ordinary shares held in treasury):

   -- 946,191,929 ordinary shares of 50 pence each under
      ISIN code GB00B127GF29.

   -- 4.625% convertible subordinated bonds due 2007
      amounting to NLG334,376,000 convertible into
      19,320,834 ordinary shares of Corus Group plc.

The ISIN code for these securities is NL0000183184.

Each American Depositary Share represents two ordinary shares of
the company.

As previously reported in the TCR-Europe, Tata Steel won an
auction for Corus over Companhia Siderurgica Nacional after
offering investors 608 pence per share in cash, or GBP5.7
billion (US$11.3 billion).

                        About Tata Steel

Established in 1907, Tata Steel is Asia's first and India's
largest private sector steel company. Tata Steel is among the
lowest cost producers of steel in the world and one of the few
select steel companies in the world that is EVA+ (Economic Value
Added).

                       About Corus Group

Corus Group plc, fka British Steel, was formed when the U.K.
privatized its major steelworks in 1988.  It then changed its
name to Corus Group after acquiring most of Dutch rival
Koninklijke Hoogovens.  Corus makes coated and uncoated strip
products, sections and plates, wire rod, engineering steels, and
semi-finished carbon steel products.  It also manufactures
primary aluminum products. Customers include companies in the
automotive, construction, engineering, and household-product
manufacturing industries.

Six years ago, the group suffered from the crisis in British
manufacturing, which prompted it to shake up management, close
plants, cut jobs, and sell assets to lower debt.  Its debt was
thought to stand at GBP1.6 billion in 2002.

After posting a net loss of GBP458 million in 2003, it embarked
on a restructuring program, signed a new EUR1.2 billion banking
facility, and issued GBP307 million worth of shares.  It
returned to operating profit in the first quarter of 2004.  The
recent recovery of steel prices and the strength of the euro are
expected to help it achieve relatively strong earnings.

                          *     *     *

As reported in the TCR-Europe on Feb. 2, Fitch Ratings said that
Corus Group Plc's Issuer Default 'BB-' and Short-term 'B'
ratings remain on Rating Watch Negative following a recommended
bid, valued at GBP6.2 billion, from India-based Tata Steel Ltd.
in the wake of an auction process conducted by the U.K. Takeover
Panel on Jan. 30-31.

The RWN also applies to the 'B+' ratings on CS's EUR800 million
7.5% senior notes and Corus Finance Plc's GBP200m 6.75%
guaranteed bonds.

At the same time, Standard & Poor's Ratings Services kept its
'BB' long-term corporate credit rating on U.K.-based steelmaker
Corus Group PLC on CreditWatch with developing implications,
after the completion of the auction process, during which India-
based steel manufacturer Tata Steel Ltd. offered the highest bid
of 608 pence per share.


CROWN LODGE: Royal Bank of Scotland Names Receivers from Kroll
--------------------------------------------------------------
The Royal Bank of Scotland Plc appointed P F Duffy and D J
Whitehouse of Kroll Ltd. joint administrative receivers of Crown
Lodge Accrington Ltd. (Company Number 04498694) on Jan. 30.

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

The company can be reached at:

         Crown Lodge Accrington Ltd.
         21 Manchester Road
         Accrington
         Lancashire
         BB5 2BQ
         England
         Tel: 01254 398 003
         Fax: 01254 872 008


CROWN SCAFFOLD: Barclays Bank Taps Grant Thornton as Receivers
--------------------------------------------------------------
Barclays Bank Plc appointed Leslie Ross and Keith Hinds of Grant
Thornton U.K. LLP joint administrative receivers of Crown
Scaffold Hire Ltd. (Company Number 02213804) on Feb. 7.

Grant Thornton U.K. LLP -- http://www.grant-thornton.co.uk/--
provides value-added professional services as assurance
services, compensation and benefits, merger and acquisition
transaction services, management advisory services, tax
consulting and valuation services.

The company can be reached at:

         Crown Scaffold Hire Ltd.
         76 Forth Street
         Liverpool
         Mereyside
         L2 08JW
         England
         Tel: 0151 933 1771
         Fax: 0151 922 8131


CSB LTD: Appoints M. J. Ryan to Liquidate Assets
------------------------------------------------
M. J. Ryan of M. J. Ryan & Co. was appointed liquidator of CSB
Ltd. on Feb. 12 for the creditors' voluntary winding-up
proceeding.

The liquidator can be reached at:

         Eileen T. F. Sale
         Sale Smith & Co. Ltd.
         Carmella House
         3 & 4 Grove Terrace
         Walsall
         West Midlands
         WS1 2NE
         England


DEFINE DESIGN: Creditors' Meeting Slated for March 1
----------------------------------------------------
Creditors of Define Design Ltd. will meet at 11:30 a.m. on
March 1 at the offices of:

         Parkin S. Booth & Co.
         44 Old Hall Street
         Liverpool
         L3 9EB
         England

Jonathan R. Booth of Parkin S. Booth & Co. will furnish
creditors with information concerning the company's affairs free
of charge as they may reasonably require.

Parkin S. Booth & Co http://www.parkinsbooth.co.uk/-- deals
entirely with insolvency practice.


DEREHAM SOUTH: Hires Liquidators from PricewaterhouseCoopers LLP
----------------------------------------------------------------
Stephen Mark Oldfield and Stephen Andrew Ellis of
PricewaterhouseCoopers LLP were appointed joint liquidators of
Dereham South Green Ltd. (formerly Fruehauf Parts & Service
Ltd.) on Feb. 6 for the creditors' voluntary winding-up
proceeding.

PricewaterhouseCoopers LLP -- http://www.pwcglobal.com/--
provides auditing services, accounting advice, tax compliance
and consulting, financial consulting and advisory services to
clients in a variety of industries.

The company can be reached at:

         Dereham South Green Ltd.
         South Green
         Dereham
         Norfolk
         NR191PR
         England
         Fax: 01362 851 651


DESIRE JEWELLERY: Creditors Confirm Liquidators' Appointment
------------------------------------------------------------
Creditors of Desire Jewellery Ltd. confirmed on Feb. 12 the
appointment of Nigel Price and Mark Elijah Thomas Bowen of Moore
Stephens LLP as the company's joint liquidators.

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.

The company can be reached at:

         Desire Jewellery Ltd.
         6 Market Street
         Stourbridge
         West Midlands
         DY8 1AA
         England
         Tel: 01384 441 400


DIGITAL FIRST: Calls In Liquidators from Chantrey Vellacott
-----------------------------------------------------------
J. C. Heath and D. J. Oprey of Chantrey Vellacott DFK LLP were
appointed joint liquidators of Digital First Ltd. on Jan. 9 for
the creditors' voluntary winding-up proceeding.

Chantrey Vellacott DFK -- http://www.cvdfk.com/-- provides
accounting, taxation and related advisory services.

The company can be reached at:

         Digital First Ltd.
         9 Norths Estate
         Old Oxford Road
         Piddington
         High Wycombe
         Buckinghamshire
         HP143BE
         England
         Tel: 01494 881 369
         Fax: 01494 883 391


DYSFUNCTIONAL CLOTHING: Names G. W. Rhodes to Liquidate Assets
--------------------------------------------------------------
G. W. Rhodes of Begbies Traynor was appointed liquidator of
Dysfunctional Clothing (U.K.) Ltd. on Feb. 12 for the creditors'
voluntary winding-up procedure.

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

The company can be reached at:

         Dysfunctional Clothing (U.K.) Ltd.
         Unit 2 Knowle Industrial Estate
         Knowle
         Braunton
         Devon
         EX332NA
         England
         Tel: 01271 815 538


ELIZABETH GEE: Hires Liquidator from Leonard Curtis
---------------------------------------------------
N. A. Bennett of Leonard Curtis was appointed liquidator of
Elizabeth Gee Enterprises Ltd. (formerly Dialdistant Ltd.)(t/a
The Childrens Book Centre) on Feb. 14 for the creditors'
voluntary winding-up procedure.

The company can be reached at:

         Elizabeth Gee Enterprises Ltd.
         237 Kensington High Street
         Kensington and Chelsea
         London
         W8 6SA
         England
         Tel: 020 7503 4801
         Fax: 020 7938 4968


EMI GROUP: Seeking Possible Alternatives to Warner Music's Offer
----------------------------------------------------------------
EMI Group Plc is in talks with One Equity Partners and other
private equity firms over potential alternatives to Warner Music
Group Corp.'s US$6 billion offer for the U.K. music group,
Bloomberg News reports, citing the Financial Times as its
source.

According to Bloomberg, unidentified people familiar with the
matter told the FT that no firm offers appear imminent from the
companies as Warner and other suitors are demanding the right to
conduct extensive research on EMI's operations after the company
issued two profit warnings since the start of the year.

                         Regulatory Risks

EMI still believes that a merger with Warner could face
regulatory issues despite its rival's work convincing the
independent music body IMPALA that the merger would benefit the
music sector, Nic Fildes of The Independent reports.

According to The Independent, EMI's board has sent a formal
letter to Warner Music saying that it would consider a proposal
dependent on the price on offer and whether the merger could be
achieved.  Warner Music approached EMI about a possible
transaction last month, but a formal offer is said to be weeks
away following EMI's profit warning last week, the report said.

EMI concern about the regulatory risk relates to the European
Commission's evaluation of its original clearance of the 2004
merger between Sony and BMG after a complaint from IMPALA that
the merger has stifled competition.  The Commission is expected
to reveal its findings next week after further meetings with
IMPALA, the source said.

                          About IMPALA

The Independent Music Publishers and Labels Association was
established in April 2000 as a non-profit making organization
with the purpose of ensuring assistance and fair market access
to independent record companies and music publishers.

IMPALA has an all-independent membership, which represents the
interests of the independent music sector.  IMPALA members
include main independent companies such as Beggars Group (UK),
!K7 (Germany), Epitaph (US/NL), Naive (France), PIAS Group
(Belgium), Wagram (France), as well as national trade
associations from the UK (AIM), France (UPFI), Germany (VUT),
Spain (UFI), Italy (PMI), Denmark (DUP), Norway (FONO), Israel
(PIL), Sweden (SOM), and the Catalonian association APECAT.

                     About Warner Music Group

Warner Music Group Corp. (NYSE: WMG) -- http://www.wmg.com/--
became the only stand-alone music company to be publicly traded
in the United States in May 2005 that operates through numerous
international affiliates and licensees in more than 50
countries.  Warner Music is home to a collection of record
labels in the music industry including Asylum, Atlantic, Bad
Boy, Cordless, East West, Elektra, Lava, Maverick, Nonesuch,
Reprise, Rhino, Rykodisc, Sire, Warner Bros., and Word.

                          About EMI Group

Headquartered in London, United Kingdom, EMI Group PLC --
http://www.emigroup.com/-- is the world's largest independent
music company, operating directly in 50 countries and with
licensees in a further 20.  The group has operations in China,
Brazil, and Hungary.  The group employs over 6,600 people.
Revenues in 2005 were near GBP2 billion and operating profit
generated was over GBP225 million.

EMI Music operates the world famous recording facilities Abbey
Road Studios in London and Capitol Studios in Los Angeles.

                          *     *     *

As reported in the Troubled Company Reporter on Feb. 7, 2007,
Standard & Poor's Ratings Services lowered its long-term
corporate credit and senior unsecured debt ratings on U.K.-based
music group EMI Group PLC to 'BB-' from 'BB'.  The 'B' short-
term rating was affirmed.  At the same time, the long-term
corporate credit rating and debt ratings were put on CreditWatch
with negative implications.


EMI GROUP: Warner Music Says Takeover Offer Likely to Be in Cash
----------------------------------------------------------------
Warner Music Group Corp. clarified Feb. 21 that any possible
takeover offer for EMI Group PLC is likely to be solely in cash,
thus, WMG's shareholders will not be required to notify their
interests in WMG securities under Rule 8 of the U.K. Takeover
code.

Under the U.K. Takeover Code, interested parties in relevant
securities of a company are required to disclose of their
dealings.

WMG further stated that it would not be required to disclose of
details under Rule 2.10 of the U.K. Takeover Code relating to
the number of its relevant securities in issue.

WMG approached EMI on Jan. 24, after it obtained the support of
Brussels-based Impala, a trade group for independent European
record labels ending its opposition to a Warner-EMI merger,
reports say.

Warner disclosed that it saw a compelling, strategic, commercial
and financial logic to a merger with EMI.

The European Commission will decide on whether an EMI-Warner
merger is anticompetitive but Impala's support will make
approval possible.  Antitrust authorities in the U.S are not
expected to object because EMI does not have a strong position
there.

Analysts believed that an EMI-Warner merger could generate cost
savings of about GBP150 million a year, Nick Bevens writes for
The Scotsman.

In 2006, EMI and Warner were locked in a GBP2.3 billion takeover
battle.  The deal was halted in June 2006 following the
annulment of the 2004 Sony-BMG tie-up by a European Court.

Warner's approach to EMI, however, remains in the preliminary
stages and there can be no certainty that the discussions will
result in any specific transaction.

                            About EMI

Headquartered in London, United Kingdom, EMI Group PLC --
http://www.emigroup.com/-- is the world's largest independent
music company, operating directly in 50 countries and with
licensees in a further 20.  The group has operations in Brazil,
China, and Hungary.  The group employs over 6,600 people.
Revenues in 2005 were near EUR2 billion and operating profit
generated was over EUR225 million.

At March 31, 2006, EMI Group's consolidated balance sheet
revealed GBP1.817 billion in total assets, GBP2.544 billion in
total liabilities and GBP726.6 million in shareholders' deficit.

                        *     *     *

According to a TCR-Europe report on Jan. 17, Moody's Investors
Service downgraded EMI Group Plc's Corporate Family and senior
debt ratings to Ba3 from Ba2.  All ratings remain under review
for possible further downgrade.

As reported in the TCR-LA on Feb. 19, Standard & Poor's Ratings
Services kept the U.K.-based music major EMI Group PLC's ratings
at BB-/Watch Neg/B, after the company announced it expects
revenues in its recorded music division to decline by 15% in the
fiscal year ended March 31, 2007, at constant currencies.  The
ratings also remain on CreditWatch with negative implications,
where they were placed on Feb. 5, 2007.


GAINSBOROUGH QUALITY: Creditors Confirm Voluntary Liquidation
-------------------------------------------------------------
Creditors of Gainsborough Quality Foods Ltd. confirmed on
Feb. 13 the company's resolutions for voluntary liquidation and

The appointment of Barry David Lewis of Harris Lipman LLP as
liquidator was also ratified on the same date.

The company can be reached at:

         Gainsborough Quality Foods Ltd.
         Unit 11
         Ash Industrial Estate
         Flex Meadow
         Harlow
         Essex
         CM195TJ
         England
         Tel: 01279 626 722
              01279 626 733
         Fax: 01279 626 980


IMAGE DESIGN: Creditors' Meeting Slated for March 1
---------------------------------------------------
Creditors of Image Design C.A.D. Services Ltd. will meet at
11:00 a.m. on March 1 at:

         The Royal British Legion
         Ousebank House
         High Street
         Newport Pagnell
         Buckinghamshire
         MK16 8AN
         England

Creditors who want to vote at the meeting have until noon on
Feb. 28 to submit their proxy forms together with particulars of
their claims or of any security at:

         Leigh & Co.
         Brentmead House
         Britannia Road
         London
         N12 9RU

Martin Henry Linton of Leigh & Co. will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.


LEVI STRAUSS: Streamlining Efforts Spur Fitch to Lift B- Rating
---------------------------------------------------------------
Fitch Ratings has upgraded its ratings on Levi Strauss & Co.:

   -- Issuer default rating to 'B' from 'B-';
   -- Asset-based loan to 'BB/RR1' from 'BB-/RR1'; and
   -- Senior unsecured debt to 'BB-/RR2' from 'B/RR3'.

Approximately US$2.8 billion of debt is affected.  The Rating
Outlook is Positive.

The rating upgrades reflect the improvements Levi has made to
streamline its business while focusing on product mix and a more
premium offering in its operating segments.  These initiatives
have enabled the company to stabilize revenues while growing
profitability, resulting in a strengthened credit profile.  The
ratings also consider Levi's well-known brand name, geographic
diversity, and liquidity position, offset by high debt balances
and the competitive nature of the denim and casual bottoms
market.  The Positive Rating Outlook reflects Fitch's
expectation that positive sales trends could lead to further
rating improvement.

Management's focus on streamlining its merchandise offering and
growing its core product lines has enabled it to stabilize its
revenues.  In addition, Levi's restructuring activities,
including changing sourcing arrangements, realigning business
units, and closing unproductive facilities, have led to reduced
costs in its business.  As a result, revenues have remained
around US$4.2 billion for the fiscal year ending Nov. 26, 2006,
while operating profit increased to US$627.8 million from
US$600.1 million in fiscal 2005.  Fitch expects that despite
challenges in the company's Levi Strauss Signature brand, it
will continue to benefit from the lower cost structure and
product investments.

As a result of improved operating profit and a lower debt
balance, which declined by over US$100 million in 2006, credit
metrics have strengthened, with leverage falling to 3.8 times
for the fiscal year ending Nov. 26, 2006, from 4.0x in fiscal
2005; EBITDA coverage of interest increasing to 2.3x from 2.2x,
over the same period.  In addition, the company maintains strong
liquidity, with cash balances of US$279.5 million and net
available borrowing capacity of US$317.5 million as of year-end.
Fitch anticipates that cash flow generation and cash on hand
will be sufficient to fund taxes, interest payments, and capital
expenditures as the company plans to increase its company owned
and operated store base in 2007 and beyond and further
implements SAP.

Fitch derives recovery values and recovery ratings from an
analysis and valuation of Levi's operations. The 'RR1' recovery
rating assigned to Levi's US$550 million secured asset-based
bank facility, which is secured by a first priority lien on
domestic receivables and inventory, is based on Fitch's
expectation that this piece of debt would receive full recovery
in a distressed scenario.  Availability under this facility is
dependent upon the level of Levi's domestic accounts receivable,
inventory, and cash and cash equivalents.  The recovery for the
senior unsecured debt would be good at 71%-90; therefore.  Fitch
has assigned a 'RR2' rating to this class of debt.


MD HANEY: Creditors' Meeting Slated for February 27
---------------------------------------------------
Creditors of MD Haney Builders Ltd. will meet at 10:15 a.m. on
Feb. 27 at:

         The P&A Partnership
         93 Queen Street
         Sheffield
         S1 1WF
         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. 23.

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.


NOBLES LTD: Barclays Bank Appoints Receivers from Grant Thornton
----------------------------------------------------------------
Barclays Bank Plc appointed Leslie Ross and Keith Hinds of Grant
Thornton U.K. LLP joint administrative receivers of Nobles
(Painters & Decorators) Ltd. (Company Number 01364848) on
Feb. 7.

Grant Thornton U.K. LLP -- http://www.grant-thornton.co.uk/--
provides value-added professional services as assurance
services, compensation and benefits, merger and acquisition
transaction services, management advisory services, tax
consulting and valuation services.

The company can be reached at:

         Nobles (Painters & Decorators) Ltd.
         76 Forth Street
         Liverpool
         Mereyside
         L20 8JW
         England
         Tel: 0151 922 3885
         Fax: 0151 922 0465


POWERTRANS SOLUTIONS: Creditors' Meeting Slated for March 7
-----------------------------------------------------------
Creditors of Powertrans Solutions Ltd. will meet at noon on
March 7 at the offices of:

         Portland Business & Financial Solutions Ltd.
         1640 Parkway
         Solent Business Park
         Whiteley
         Fareham
         Hampshire
         PO15 7AH
         England

Carl Derek Faulds of Portland Business & Financial Solutions
Ltd. will furnish creditors with information concerning the
company's affairs free of charge as they may reasonably require.


RED LIZARD: Appoints Laurence Russell as Liquidator
---------------------------------------------------
Laurence Russell of Albert Goodman was appointed liquidator of
Red Lizard Ltd. on Feb. 15 for the creditors' voluntary winding-
up procedure.

The company can be reached at

         Red Lizard Ltd.
         Unit 7 Empire Court
         Albert Street
         Redditch
         Worcestershire
         B97 4DA
         England
         Fax: 01527 592 083


REFCO INC: U.S. Court Okays RCM-Bancafe US$51 Million Agreement
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
approved a settlement between Bancafe International Bank Ltd.
and Refco Capital Markets Ltd., an affiliate of Refco Inc.,
through its duly appointed plan administrator
PricewaterhouseCoopers and Marc S. Kirschner.

The settlement (i) reflects a resolution on Bancafe's part to
allow the setoff required by a guarantee agreement and (ii)
avoids the need for future litigation concerning the Bancafe
claims.

Bancafe filed in July 2006 Claim No. 10132 for $207,934,213 and
Claim No. 10133 for $173,559 against Refco Capital Markets.

The Bancafe Claims are premised on certain securities customer
account relationships that existed between RCM and Bancafe
before RCM's bankruptcy filing.

Pursuant to certain account relationships, Bancafe guaranteed
certain obligations of an affiliated entity, Vipasa
International Investments Corp., under a Guaranty and Transfer
Authorization Agreement with RCM.

As of RCM's bankruptcy filing, Vipasa owed RCM at least
$154,456,433 as a result of its account relationships with RCM,
which amount Bancafe guaranteed.

Pursuant to an order of the High Court of Barbados,
PricewaterhouseCoopers EC Inc. has been appointed as custodian
to wind up Bancafe's affairs.  PricewaterhouseCoopers has filed
a Petition for Recognition of Foreign Main Proceeding in the
U.S. Bankruptcy Court for the Southern District of Florida.

Following arm's-length negotiations, PricewaterhouseCoopers and
Marc S. Kirschner, as duly appointed plan administrator for RCM
pursuant to the Dec. 15, 2006, Plan Confirmation order, agreed
that:

   (a) Claim No. 10132 will be allowed as an RCM Securities
       Customer Claim for $51,535,144, to achieve agreements
       regarding properly allowable claim amounts and applicable
       set-offs;

   (b) Claim No. 10133 will be allowed as an RCM Securities
       Customer Claim for $173,559; and

   (c) all other amounts asserted in the Bancafe Claims, whether
       liquidated, unliquidated, contingent or otherwise, will
       be disallowed.

                   About Bancafe International

Bancafe International Bank Ltd. offered financial services.
PricewaterhouseCoopers EC Inc. has been appointed as custodian
to wind up Bancafe's affairs, pursuant to an order of the High
Court of Barbados.  PwC EC, as Bancafe's administrator, filed a
chapter 15 petition on Dec. 19, 2006 (Bankr. S.D. Fla. Case No.
06-16712).  Gregory S. Grossman, Esq., at Astigarraga Davis
Mullins & Grossman, P.A., represents the administrator.  PwC
estimated that Bancafe had $1 million to $10 million in assets
and more than $100 million in debts when it filed the chapter 15
petition.

                         About Refco Inc.

Based in New York, Refco Inc. -- http://www.refco.com/-- is a
diversified financial services organization with operations in
14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  In addition to its futures brokerage
activities, Refco is a major broker of cash market products,
including foreign exchange, foreign exchange options, government
securities, domestic and international equities, emerging market
debt, and OTC financial and commodity products.  Refco is one of
the largest global clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc
A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represents the Official Committee of Unsecured Creditors.  Refco
reported $16.5 billion in assets and $16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.  The Debtors' Amended Plan was confirmed on Dec. 15,
2006.  (Refco Bankruptcy News, Issue No. 56 & 57; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


REFCO INC: Judge Drain Approves AIDMA Settlement Agreement
----------------------------------------------------------
The Honorable Robert D. Drain of the U.S. Bankruptcy Court for
the Southern District of New York approved a settlement among
Refco F/X Associates LLC, AIDMA Co. Ltd., and RefcoFX Japan
K.K., pursuant to Rule 9019(a) of the Federal Rules of
Bankruptcy Procedure.

As reported in the Troubled Company Reporter on Feb. 16, 2007,
pursuant to the Dec. 15, 2006, order confirming Refco Inc.'s
Chapter 11 Plan, RJM LLC, as Plan Administrator of the Refco
Inc. and its debtor-affiliates' Chapter 11 cases, formed a non-
Japan Refco F/X Associates LLC customer committee, which has
consent rights with respect to any settlement regarding the
litigation involving FXA's assets in Japan.

FXA operated an online retail foreign exchange trading business
under a Facilities Management Agreement between Refco Group Ltd.
LLC and its designated subsidiaries, including FXA, and Forex
Capital Markets LLC on a Web-based trading platform created and
maintained by FXCM.

Richard Levin, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, in New York, relates that approximately 35% of FXA's retail
customer account balances are attributable to clients in Japan.
To facilitate the Japan Clients' ability to make deposits and
withdrawals to and from their foreign exchange trading account,
FXA determined that it was desirable to open a Japanese yen
denominated bank account.

However, Mr. Levin notes, since FXA was not domiciled in Japan,
FXCM formed a Japanese entity -- RefcoFX Japan K.K. -- to open
and maintain a Japanese yen denominated account at the Hong Kong
Shanghai Banking Corp.  The shares in Refco Japan are presently
held by FXCM.

While the Japan Clients entered into client agreements with FXA
rather than with Refco Japan, the Japan Clients' funds were
deposited into Refco Japan's HSBC Account.  Mr. Levin states
that the HSBC Account currently holds Japanese yen valued at
approximately $32,000,000.

The Reorganized Debtors currently estimate that claims filed by
Japan Clients total approximately $38,000,000.

                      Japanese Civil Actions

Forty-eight Japan Clients have commenced three separate civil
actions in Japan against Refco Japan, asserting claims for the
return of funds deposited by those clients and have obtained
provisional attachment orders against the funds in the HSBC
Account.  The attachment orders have restricted FXA's and Refco
Japan's ability to transfer the funds in the HSBC Account under
Japanese law.

In October 2006, FXA commenced an Adversary Proceeding in the
Court against FXCM, Refco Japan, HSBC, and the FXA Japan
Clients.  FXA also commenced legal actions in Japan seeking
declaratory judgment that the funds in the HSBC Account are
property of FXA's estate and for turnover of those funds.  In
the alternative, the Turnover Action seeks declaratory relief
that the shares in Refco Japan held by FXCM are property of the
FXA estate and for turnover of the shares.  Consequently, Refco
Japan has sought to dismiss the Turnover Action for lack of
personal jurisdiction.

                           AIDMA Claim

AIDMA Co., Ltd., is one of the largest Japanese clients of FXA.
AIDMA's FXA foreign exchange account balances as of July 31,
2006, aggregate to JPY1,258,833,316, or about $10,600,000,
subject to fluctuation with the dollar-yen exchange rate.

Although AIDMA is not currently a plaintiff in the Japanese
Civil Actions, it has asserted that its rights in the funds held
in the HSBC Account are superior to the claims of non-Japan
clients.

              FXA Settles With AIDMA & Refco Japan

The Agreement provides, among others, that:

   (a) AIDMA will be paid JPY723,829,157, or approximately
       $6,100,000, which represents 57.5% of AIDMA's July 2006
       yen-denominated FX Account balance;

   (b) AIDMA will be reimbursed $100,000 to cover its attorneys'
       fees; and

   (c) AIDMA will be entitled to receive an additional payment
       that would provide an equivalent aggregate percentage
       recovery if FXA, Refco Japan, and FXCM settle with a
       Japan Client on or before December 31, 2007, for a higher
       percentage recovery than 57.5% of AIDMA's FX Account
       balance.

The parties further agree that all payments will be made from
the HSBC Account in Japanese yen, and will be in full and final
settlement of any and all claims that AIDMA has against Refco
Japan, FXCM, or the Debtors or their estates.

Upon receipt of the settlement payment, AIDMA will withdraw any
proofs of claim it has filed in the Debtors' cases.

The Refco Administrator asserts that the AIDMA Settlement is
reasonable considering that:

   (i) the trust and tort claims raised by AIDMA and the other
       Japan Clients raise complex factual and legal issues of
       both U.S. and Japanese laws, including issues of cross-
       border enforcement of judgments, that present substantial
       litigation risks to both sides; and

  (ii) the resolution of the Japan Clients' claims is further
       complicated by the fact that:

          * FXA does not presently control Refco Japan;

          * there is no stay of actions against Refco Japan or
            the funds held in the HSBC Account; and

          * Refco Japan and the HSBC Account are located outside
            of the U.S. and are subject to the laws of Japan.

                         About Refco Inc.

Based in New York, Refco Inc. -- http://www.refco.com/-- is a
diversified financial services organization with operations in
14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  In addition to its futures brokerage
activities, Refco is a major broker of cash market products,
including foreign exchange, foreign exchange options, government
securities, domestic and international equities, emerging market
debt, and OTC financial and commodity products.  Refco is one of
the largest global clearing firms for derivatives.

The company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc
A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represents the Official Committee of Unsecured Creditors.  Refco
reported $16.5 billion in assets and $16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.  The Debtors' Amended Plan was confirmed on Dec. 15,
2006.  (Refco Bankruptcy News, Issue No. 56 & 57; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


ROYAL & SUNALLIANCE: Gets Conditional Approval to Sell U.S. Unit
----------------------------------------------------------------
Delaware Insurance Commissioner Matthew Denn has approved the
disposal of Royal & SunAlliance Insurance Group plc's U.S. unit
to Arrowpoint Capital Corp., subject to a number of conditions
that are intended to protect policyholders, Randall Chase writes
for the Associated Press.

According to the report, Mr. Denn requires Royal & SunAlliance
to resolve any claims brought by policyholders and reimburse his
agency for the hiring of a claims monitor, who will hear
policyholder complaints and keep track of its indemnity
reserves.

Mr. Denn also prohibits any non-salary compensation, including a
final payout, to principals of Arrowpoint without the approval
of his department.

The British insurer will allocate US$287.5 million to pay
remaining U.S. unit claims, Bloomberg says.

However, critics of the deal argued the amount is insufficient
to ensure that obligations are met.

The insurance commissioner dismissed allegations by critics that
the British insurer was blackmailing his department by saying it
would cease to subsidize its ailing U.S. affiliates, AP relates.

"Were I convinced that Royal U.K. would continue subsidizing its
American subsidiaries indefinitely, in spite of its unequivocal
statements to both the department and shareholders that it will
not, I would deny the application," Mr. Denn wrote in his
decision.

Opponents of the deal are given five days to file a court
appeal.

Headquartered in London, Royal & SunAlliance Insurance Group PLC
-- http://www.royalsunalliance.com/-- is a FTSE 100 company,
listed on the London Stock Exchange and in New York.  The group
consists of three regions -- U.K., Scandinavia and International
-- with operations in 30 countries, providing general insurance
products to over 20 million customers worldwide.

                        *     *     *

As of Feb. 22, Royal & SunAlliance Insurance Group PLC carries
Moody's Ba1 preferred stock rating.


SC DISTRIBUTORS: Claims Filing Period Ends March 1
--------------------------------------------------
Creditors of SC Distributors Ltd. will meet at 10:30 a.m. on
March 1 at:

         Wilkinson & Co.
         68 Thorpe Lane
         Almondbury
         Huddersfield
         HD5 8UF
         England

Creditors have until noon on Feb. 28 to submit their proxy forms

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. 27.


SEA CONTAINERS: Donald Smith Discloses 6.53% SeaCon Equity Stake
----------------------------------------------------------------
In a regulatory filing with the U.S. Securities and Exchange
Commission dated Feb. 12, 2007, Donald G. Smith, president of
Donald Smith & Co. Inc., disclosed that the company beneficially
owns 1,707,400 shares of Sea Containers Ltd.'s common stock,
which represents 6.53% of the total outstanding shares issued.

Donald Smith & Co. has the sole power to direct the votes of
1,256,300 shares and the sole power to dispose of 1,707,400
shares.

All securities reported are owned by advisory clients of Donald
Smith & Co. and not one of which owns more than 5% of the class.

About 26,145,000 shares of SCL common stock are outstanding as
of Oct. 31, 2006.  Shares of SCL stock were traded at US$1.01 a
share at the close of business on Feb. 15, 2007.

Based in Hamilton, Bermuda, Sea Containers Ltd. (NYSE: SCRA,
SCRB) -- 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, 2006, 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. 11;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)

The Debtors' exclusive period to file a chapter 11 plan expires
on June 12, 2007.  The Debtor has until Aug. 11, 2007 to accept
solicitations of that plan.


SEA CONTAINERS: Aegis Financial Discloses 9% SeaCon Equity Stake
----------------------------------------------------------------
In a regulatory filing with the U.S. Securities and Exchange
Commission dated Feb. 12, 2007, Aegis Financial Corp. disclosed
that it beneficially owns 2,342,805 shares of Sea Containers
Ltd.'s common stock, which represents 9.0% of the total
outstanding shares issued.

William S. Berno, Paul Gambal, Scott L. Barbee, also
beneficially own 2,342,805 shares of SCL's common stock, or 9.0%
of the total outstanding shares issued.

Aegis Financial has the sole power to vote or direct the votes
of and to dispose of or direct the disposition of 2,342,805
shares.  Mr. Barbee has the sole power to vote or direct the
votes of and to dispose of or direct the disposition of 600
shares.

Messrs. Berno, Gambal, and Barbee have the shared power to vote
or to direct the vote and to dispose of or direct the
disposition of 2,342,805 shares.

About 26,145,000 shares of SCL common stock are outstanding as
of Oct. 31, 2006.  Shares of SCL stock were traded at US$1.01 a
share at the close of business on Feb. 15, 2007.

Based in Hamilton, Bermuda, Sea Containers Ltd. (NYSE: SCRA,
SCRB) -- 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, 2006, 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. 11;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)

The Debtors' exclusive period to file a chapter 11 plan expires
on June 12, 2007.  The Debtor has until Aug. 11, 2007, to accept
solicitations of that plan.


SEATING STRUCTURES: Hydro Aluminium Taps Begbies as Receivers
-------------------------------------------------------------
Hydro Aluminium Profiler U.K. appointed Nicholas Roy Hood and
Timothy John Edward Dolder of Begbies Traynor (South) LLP joint
administrative receivers of Seating Structures Ltd. (Company
Number 02791419) on Feb. 12.

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

The company can be reached at:

         Seating Structures Ltd.
         The Courtyard
         Sandy Lane
         Kingswood
         Tadworth
         Surrey
         KT20 6NE
         England
         Tel: 01737 830 880


SHEEDY SCRAP: Barclays Bank Appoints Grant Thornton as Receivers
----------------------------------------------------------------
Barclays Bank Plc appointed Trevor Patrick O'Sullivan and Nigel
Morrison of Grant Thornton U.K. LLP joint administrativer
receivers of Sheedy Scrap Metals (1976) Ltd. (Company Number
01242365) on Feb. 1.

Grant Thornton U.K. LLP -- http://www.grant-thornton.co.uk/--
provides value-added professional services as assurance
services, compensation and benefits, merger and acquisition
transaction services, management advisory services, tax
consulting and valuation services.

The company can be reached at:

         Sheedy Scrap Metals (1976) Ltd.
         Cross Keys
         Newport
         Gwent
         NP11 7FA
         Wales
         Tel: 01495 270 698
         Fax: 01495 271 966


SHERDLEY GLASS: Joint Liquidators Take Over Operations
------------------------------------------------------
Gary E. Blackburn and Paul A. Whitwam of BWC Business Solutions
were appointed joint liquidators of Sherdley Glass and Glazing
Ltd. on Feb. 12 for the creditors' voluntary winding-up
procedure.

The company can be reached at:

         Sherdley Glass & Glazing Ltd.
         Unit 12 Park Court
         Sullivans Way
         St. Helens
         Merseyside
         WA9 5GZ
         England
         Tel: 01744 455 755
         Fax: 01744 455 756


SOLUTIA INC: Philip Lochner Resigns from Board
----------------------------------------------
Solutia Inc. senior vice president, general counsel and
secretary Rosemary L. Klein disclosed in a regulatory filing
with the Securities that Philip R. Lochner Jr., a member of the
Board of Directors, resigned as director effective as of
Jan. 31.

Mr. Lochner's decision to resign was not due to any disagreement
with Solutia on any matter relating to its operations, policies
or practices, Ms. Klein said.

Headquartered in St. Louis, Missouri, Solutia Inc. (OTCBB:SOLUQ)
-- http://www.solutia.com/-- and its subsidiaries, engage in
the manufacture and sale of chemical-based materials, which are
used in consumer and industrial applications worldwide.  The
company and 15 debtor-affiliates 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 Allen E. Grimes, III, Esq., at
Dinsmore & Shohl, LLP and Conor D. Reilly, Esq., at Gibson, Dunn
& Crutcher, LLP.  Trumbull Group LLC is the Debtor's claims and
noticing agent.  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. 79; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000)


THISTLE JOINERY: Brings In Liquidator from Begbies Traynor
----------------------------------------------------------
G. W. Rhodes of Begbies Traynor was appointed liquidator of
Thistle Joinery Ltd. on Feb. 13 for the creditors' voluntary
winding-up proceeding.

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

The company can be reached at:

         Thistle Joinery Ltd.
         77 Ilderton Road
         Southwark
         London
         SE163JZ
         England
         Tel: 020 7232 5300


WALTHAM CONTRACTORS: Taps Liquidator from Begbies Traynor
---------------------------------------------------------
Michael Francis Stevenson of Begbies Traynor was appointed
liquidator of Waltham Contractors Ltd. on Jan. 10 for the
creditors' voluntary winding-up proceeding.

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

The company can be reached at:

         Waltham Contractors Ltd.
         New Road
         Swanmore
         Southampton
         Hampshire
         SO322PF
         England
         Tel: 01489 896 294
         Fax: 01489 896 618


WILLS ENGINEERS: Creditors Confirm Liquidators' Appointment
-----------------------------------------------------------
Creditors of Wills (Engineers) Ltd. confirmed on Feb. 13 the
company's resolutions for voluntary liquidation and the
appointment of Andrew Philip Wood and John Russell of The P&A
Partnership as liquidators.

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.

The company can be reached at:

         Wills (Engineers) Ltd.
         Woodside Lane
         Sheffield
         South Yorkshire
         S3 9PB
         England
         Tel: 0114 272 4334
         Fax: 0114 272 4334


YEOMAN EDWARDS: Claims Filing Period Ends March 30
--------------------------------------------------
Creditors of Yeoman Edwards Ltd. have until March 30 to send in
their names and addresses, with particulars of their debts or
claims, and the names and addresses of their solicitors (if
any), to:

         Stephen John Burkinshaw
         Liquidator
         H.R. Harris & Partners
         44 St. Helen's Road
         Swansea
         SA1 4BB
         Wales

Stephen John Burkinshaw of H.R. Harris & Partners was appointed
liquidator of the company on Feb. 7.


* BOOK REVIEW: Life, Death and the Law: Law and Christian Morals
               in England and the United States
----------------------------------------------------------------
Author:     Norman St. John-Stevas
Publisher:  Beard Books
Paperback:  380 pages
List Price: US$34.95

Order your personal copy at
http://www.amazon.com/exec/obidos/ASIN/1587981130/internetbankru
pt

Norman St. John-Stevas' Life, Death and the Law demonstrates
that despite the current diversity in our Anglo-American
society, Christian ethics have played a major role in shaping
the law with regard to moral issues.

Many Christians still look to the law to enforce Christian
standards of morality and social behavior, particularly with
regard to respect for the human person and concern for human
rights.

This book examines such interplay in a liberal society, namely
that of the Anglo-American tradition.

After stating some general principles governing the relationship
between Christian morality and the law in England and the United
States, the author examines several contemporary legal-moral
issues: contraception, artificial insemination, human
sterilization, homosexuality, suicide, and euthanasia the role
that religion can, and sometimes does, play in their legal
interpretation.

                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices
are obtained by TCR editors from a variety of outside sources
during the prior week we think are reliable.  Those sources may
not, however, be complete or accurate.  The Monday Bond Pricing
table is compiled on the Friday prior to publication.  Prices
reported are not intended to reflect actual trades.  Prices for
actual trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy
or sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

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.

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

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

The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *