TCREUR_Public/080408.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

             Tuesday, April 8, 2008, Vol. 9, No. 69

                            Headlines


A U S T R I A

HAMANN KOCH: Claims Registration Period Ends May 15
MA – IMMOBILIEN: Creditors' Meeting Slated for May 19
REIFEN GERT: Claims Registration Period Ends April 18
REIFEN GERT & CO: Claims Registration Period Ends April 18
SOFT XL: Claims Registration Period Ends April 22

STAHLBAU MARK: Creditors' Meeting Slated for April 17


F R A N C E

ALCATEL-LUCENT SA: Wins US$367.4 Bln Patent Case vs. Microsoft
ANTARA CAPITAL: Moody's Withdraws Ba2 Rating on EUR50MM Notes


G E R M A N Y

AUTOHAUS DEGEN: Claims Registration Period Ends April 25
AUTOLACKIERCENTER GMBH: Claims Registration Period Ends April 24
BME GMBH: Claims Registration Period Ends April 22
COMMWORLD TELECOM: Claims Registration Period Ends April 24
DIENSTLEISTUNGS-UND HANDELS: Claims Registration Ends April 24

DRUCKER-TEILE-SERVICE GMBH: Claims Period Ends April 21
GRUBER-MUELLER-GASTRO GMBH: Claims Period Ends April 23
INDUSTRIEVERTRETUNG WIEGAND: Claims Registration Ends April 28
JANZING IMMOBILIEN: Claims Registration Ends April 28
JOBAKTIVA GMBH: Claims Registration Ends April 28

MANDECLY DEUTSCHLAND: Claims Registration Ends April 25
MBD MICHAEL: Claims Registration Ends April 28
MEDISERVE GMBH: Claims Registration Ends April 28
NB-WOHNBAU GMBH: Claims Registration Period Ends April 18
NEW & USED: Claims Registration Ends April 28

RESPONSIF GMBH: Claims Registration Period Ends April 24
RM BETEILIGUNGSGESELLSCHAFT: Claims Registration Ends April 24
RWK SANITAR: Claims Registration Period Ends April 21
SSG SENIORENHEIM: Claims Registration Period Ends April 24
STOJAN GESELLSCHAFT: Claims Registration Period Ends April 24

VILLAGGIO SPORTSWEAR: Claims Registration Period Ends April 24


I T A L Y

ALITALIA SPA: May Lose License if Cash Hike Remains Unclear


K A Z A K H S T A N

AIKUS LLP: Creditors Must File Claims by May 13
CASPIAN INVEST: Claims Deadline Slated for May 7
DANA & K: Claims Filing Period Ends May 14
DI AL: Creditors' Claims Due on May 14
LOGMAN LLP: Claims Registration Ends May 7

NIK LLP: Creditors Must File Claims by May 7
OLGINO LLP: Claims Deadline Slated for May 14
TECH COMPLECT-TRADE: Claims Filing Period Ends May 7
TUMAR- AUTO: Creditors' Claims Due on May 14
YAIK SERVICE: Claims Registration Ends May 13


K Y R G Y Z S T A N

KYRGYZ RESPONSE: Claims Filing Period Ends May 2
MARGO LLC: Creditors Must File Claims by May 2


N E T H E R L A N D S

KINETIC CONCEPTS: To Acquire LifeCell for US$1.7 Billion in Cash
KINETIC CONCEPTS: LifeCell Purchase Cues Moody's Stable Outlook


R U S S I A

BANK OF KHANTY-MANSIYSK: S&P Ups Long-Term Credit Rating to BB-
BELEBEEVSKAYA KNITTING: Creditors Must File Claims by May 15
BORKOVSKOE LLC: Creditors Must File Claims by April 15
KIMRSKIY ENGINEERING: Creditors Must File Claims by May 15
INVEST-COM LLC: Creditors Must File Claims by May 15

MOBILE TELESYSTEMS: Posts Over US$8 Billion Sales in 2007
MOBILE TELESYSTEMS: Fitch Puts Issuer LT Default Rating at BB+
NOVOCHEBOKSARSKIY HOUSE: Creditors Must File Claims by May 15
SPETS-MONTAZH-GAS: Creditors Must File Claims by May 15
VAGRON OJSC: Creditors Must File Claims by May 15

VIMPEL-COMMUNICATIONS: Receives New Five-Year GSM Licenses


S W I T Z E R L A N D

HERCULES INC: Debt Reduction Cues Moody's to Up Rating to 'Ba1'


U K R A I N E

DZHERELTSE OJSC: Creditors Must File Claims by April 11
LVOV PRODUCTION: Creditors Must File Claims by April 11
PRAVDA LLC: Creditors Must File Claims by April 11
RITA LLC: Proofs of Claim Deadline Set April 11
SPECIAL BUILDING: Proofs of Claim Deadline Set April 11

TRONKA LLC: Creditors Must File Claims by April 11
WEST 2000: Creditors Must File Claims by April 11
ZELENKOVKA LLC: Proofs of Claim Deadline Set April 11


U N I T E D   K I N G D O M

ABBOTT GROUP: Bank of Scotland Taps KPMG as Joint Receivers
BIG ISLAND: Brings In Joint Administrators from Tenon
BRITISH ENERGY: EDF Prepares Bid; Centrica Eyes Joint Bid
CALYON: Moody's Cuts Rating on Mauritius Credit Defaut Swap
CARLYLE CAPITAL: Bedell Cristin Appointed as Liquidators

FUTURE FRAME: Appoints Matthew Colin Bowker as Liquidator
GEMINI PUBLICATIONS: Taps Joint Administrators from Mazars LLP
HYDE ELECTRICAL: Grimwood & Dix Buys Plant & Equipment from PKF
MOBUY SERVICES: Brings In Liquidators from Tenon Recovery
OMEGA PARTITIONS: Appoints Joint Administrators from KPMG

OVS REALISATION: Creditors' Meeting Slated for April 15
PENTAGON CAPITAL: U.S. SEC Files Fraud Charges Against CEO
PLASTMO LTD: Bank of Scotland Appoints KPMG as Receivers
PLEASURETIME LTD: Duncan R. Beat Leads Liquidation Procedure
PROSECURE PROJECTS: Claims Filing Period Ends June 30

PURE FILTERS: Names Joint Administrators from KPMG
TAYLOR PRODUCE: Calls In Liquidator from Mazars
TEXOL TECHNICAL: Symphony Equity Acquires Firm for GBP3 Million
YOUNGSTERS LTD: Barclays Bank Taps KPMG as Joint Receivers

* Large Companies with Insolvent Balance Sheet


                            *********

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


HAMANN KOCH: Claims Registration Period Ends May 15
---------------------------------------------------
Creditors owed money by OEG HAMANN KOCH & KUNST (FN 278089f)
have until May 15, 2008, to file written proofs of claim to
court-appointed estate administrator Rainer Ebert at:

          Mag. Rainer Ebert
          Hauptplatz 16
          2020 Hollabrunn
          Austria
          Tel: 02952/25 26
          Fax: 02952/25 26 18
          E-mail: rainer.ebert@gmx.net

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:00 a.m. on May 29, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Land Court of Korneuburg
          Hall II
          First Floor
          Korneuburg
          Austria

Headquartered in Sitzendorf an der Schmida, Austria, the Debtor
declared bankruptcy on March  10, 2008 (Bankr. Case No. 32 S
8/08a).


MA – IMMOBILIEN: Creditors' Meeting Slated for May 19
-----------------------------------------------------
Creditors owed money by LLC Ma – Immobilien (FN 257748t) are
encouraged to attend the creditors' meeting at 9:00 a.m. on
May 19, 2008.

The creditors' meeting will be held at:

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

Headquartered in Wien, Austria, the Debtor declared bankruptcy
on March 7, 2008 (12 S 20/08s).  Christian Ebmer  serves as the
court-appointed estate administrator of the bankrupt's estate.

The estate administrator can be reached at:

          Mag. Christian Ebmer
          Schillerstrasse 12
          4020 Linz
          Austria
          Tel: 0732/65 69 69
          Fax: 0732/65 69 69-60
          E-mail: office@hep.co.at


REIFEN GERT: Claims Registration Period Ends April 18
-----------------------------------------------------
Creditors owed money by LLC Reifen Gert (FN 58808h) have until
April 18, 2008, to file written proofs of claim to court-
appointed estate administrator Andreas Ulm at:

          Mag. Andreas Ulm
          LLC Klein, Wuntschek & Partner
          Kaiser-Franz-Josef-Kai 70
          8010 Graz
          Austria
          Tel: 0316/813862
          Fax: 0316/813862-2
          E-mail: office@klein-wuntschek-partner.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:00 a.m. on April 24, 2008, 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 March 7, 2008 (Bankr. Case No. 26 S 31/08s).


REIFEN GERT & CO: Claims Registration Period Ends April 18
----------------------------------------------------------
Creditors owed money by LLC Reifen Gert & Co KG (FN 10578g) have
until April 18, 2008, to file written proofs of claim to court-
appointed estate administrator Andreas Ulm at:

          Mag. Andreas Ulm
          LLC Klein, Wuntschek & Partner
          Kaiser-Franz-Josef-Kai 70
          8010 Graz
          Austria
          Tel: 0316/813862
          Fax: 0316/813862-2
          E-mail: office@klein-wuntschek-partner.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:00 a.m. on April 24, 2008, 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 March 7, 2008 (Bankr. Case No. 26 S 30/08v).


SOFT XL: Claims Registration Period Ends April 22
-------------------------------------------------
Creditors owed money by LLC Soft Xl Software Entwicklung (6 S
168/07h) have until April 22, 2008, to file written proofs of
claim to court-appointed estate administrator Stefan Langer at:

          Dr. Stefan Langer
          c/o  Dr. Annemarie Kosesnik-Wehrle
          Oelzeltgasse 4
          1030 Vienna
          Austria
          Tel: 713 61 92
          Fax: 713 61 92 22
          E-mail: kanzlei@kosesnik-langer.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 1:30 p.m. on May 6, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1701
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 10, 2008 (Bankr. Case No. 6 S 168/07h).  Annemarie
Kosesnik-Wehrle represents Dr. Langer in the bankruptcy
proceedings.


STAHLBAU MARK: Creditors' Meeting Slated for April 17
-----------------------------------------------------
Creditors owed money by LLC Stahlbau Mark (FN 227464g) are
encouraged to attend the creditors' meeting at 9:50 a.m. on
April 17, 2008.

The creditors' meeting will be held at:

          The Land Court of Feldkirch
          Room 45
          First Floor
          Feldkirch
          Austria

Headquartered in Bludesch, Austria, the Debtor declared
bankruptcy on March 7, 2008 (13 S 13/08d).  Martin Sam serves as
the court-appointed estate administrator of the bankrupt's
estate.

The estate administrator can be reached at:

          Dr. Martin Sam
          Muehlgasse 19
          6700 Bludenz
          Austria
          Tel: 05552/30501
          Fax: 05552/30519
          E-mail: office@samart.at


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


ALCATEL-LUCENT SA: Wins US$367.4 Bln Patent Case vs. Microsoft
--------------------------------------------------------------
A U.S. federal jury has ordered Microsoft Corp. to pay around
US$367.4 million in infringement damages to Alcatel-Lucent SA,
Reuters reports.

The jury ruled that Microsoft infringed two technology patents:
one which allows users to enter dates into calendars, and
another one that allows tablet computers to recognize
handwriting patterns, Reuters relates.

"We will move immediately to have the two verdicts against
Microsoft overturned," said Tom Burt, Microsoft corporate vice
president and deputy general counsel, told Reuters.  "We feel
confident the verdicts will be overturned, just as the court
overturned a verdict last year by a San Diego jury."

Judge Rudi Brewster of the U.S. District Court for the District
of California reversed in August 2007 a jury's decision ordering
Microsoft to pay around US$1.52 billion in patent infringement
damages to Alcatel-Lucent.  The company has appealed the
decision.

                       About Alcatel-Lucent

Headquartered in Paris, France, Alcatel-Lucent S.A. --
http://www.alcatel-lucent.com/-- provides solutions that enable
service providers, enterprises and governments worldwide to
deliver voice, data and video communication services to end
users.

Alcatel-Lucent maintains operations in 130 countries, including,
Austria, Germany, Hungary, Italy, Netherlands, Ireland, Canada,
United States, Costa Rica, Dominican Republic, El Salvador,
Guatemala, Peru, Venezuela, Indonesia, Australia, Brunei and
Cambodia.

                          *     *     *

As reported in the TCR-Europe on April 4, 2008, Moody's
Investors Service affirmed the ratings for Alcatel-Lucent, which
include a Ba3 corporate family rating for Alcatel-Lucent and a
Not-Prime for its short term debt, as well as Ba3 ratings for
senior and B2 ratings for subordinated debt that was issued
originally by the predecessor companies Alcatel S.A. and Lucent
Technologies, Inc.  Moody's said the outlook for the ratings is
Negative.

Alcatel-Lucent's Long-Term Corporate Credit rating and Senior
Unsecured Debt carry Standard & Poor's Ratings Services' BB
rating.  Its Short-Term Corporate Credit rating stands at B.


ANTARA CAPITAL: Moody's Withdraws Ba2 Rating on EUR50MM Notes
-------------------------------------------------------------
Moody's Investors Service withdrew the rating of this class of
Notes:

    -- Series 2006-2 EUR 50,000,000 Antara Capital Dynamic
       Participation Investment Return Obligations issued by
       Ruby Finance Plc

       Current rating: WR
       Prior rating: Ba2, under review for potential downgrade

The Notes were repurchased and cancelled, to be replaced by a
Total Return Swap.  The rating on the TRS was then withdrawn
upon request of the investor.


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


AUTOHAUS DEGEN: Claims Registration Period Ends April 25
--------------------------------------------------------
Creditors of Autohaus Degen GmbH have until April 25, 2008, to
register their claims with court-appointed insolvency manager
Sascha  Mertes.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on May 14, 2008, 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 Limburg
          Hall D 221
          Walderdorffstrasse 12
          65549 Limburg
          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:

          Sascha  Mertes
          Carl-Zeiss-Str. 14-18
          65520 Bad Camberg
          Germany
          Tel: 0611/205540
          Fax: 0611/2055444
          E-mail: info@mertes-lauff.de

The District Court of Limburg opened bankruptcy proceedings
against Autohaus Degen GmbH on Feb. 25, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

          Autohaus Degen GmbH
          Limburger Strasse 185
          65520 Bad Camber
          Germany


AUTOLACKIERCENTER GMBH: Claims Registration Period Ends April 24
----------------------------------------------------------------
Creditors of Autolackiercenter GmbH Eberswalde have until
April 24,2008, to register their claims with court-appointed
insolvency manager Manfred Becker.

Creditors and other interested parties are encouraged to attend
the meeting at 11:10 a.m. on May 29, 2008, 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 Frankfurt (Oder)
         Hall 401
         Muellroser Chaussee 55
         15236 Frankfurt (Oder)
         Germany

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

The insolvency manager can be reached at:

         Manfred Becker
         c/o Schroeder Rechtsanwalte
         Genthiner Strasse 48
         10785 Berlin
         Germany

The District Court of Frankfurt (Oder) opened bankruptcy
proceedings against Autolackiercenter GmbH Eberswalde on
March 6, 2008.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         Autolackiercenter GmbH Eberswalde
         Neue Str. 1
         16225 Eberswalde
         Germany


BME GMBH: Claims Registration Period Ends April 22
--------------------------------------------------
Creditors of BME GmbH have until April 22, 2008, to register
their claims with court-appointed insolvency manager NAME.

Creditors and other interested parties are encouraged to attend
the meeting at 10:55 a.m. on May 20, 2008, 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 14
         Breiter Weg 203 - 206
         39104 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:

         Ruediger Bauch
         Schleinufer 11
         39104 Magdeburg
         Germany
         Tel: 0391/5354-0
         Fax: 0391/5354-100
         E-mail: RBauch@schubra.de

The District Court of Magdeburg opened bankruptcy proceedings
against BME GmbH on March 28, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         BME GmbH
         Berliner Chaussee 106 - 112
         39114 Magdeburg
         Germany

         Attn: Juergen Breyer, Manager
         Klausenerstr. 16 A
         39112 Magdeburg
         Germany


COMMWORLD TELECOM: Claims Registration Period Ends April 24
-----------------------------------------------------------
Creditors of CommWorld Telecom GmbH have until April 24, 2008,
to register their claims with court-appointed insolvency manager
Thomas Georg.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on June 4, 2008, 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 Aachen
         Meeting Hall K 5
         Third Floor
         Alter Posthof 1
         52062 Aachen
         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 Georg
         Juelicher Strasse 116
         52070 Aachen
         Germany
         Tel: 0241/94618-0
         Fax: 0241/533562

The District Court of Aachen opened bankruptcy proceedings
against CommWorld Telecom GmbH on March 13, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         CommWorld Telecom GmbH
         Oppenhoffallee 106
         52066 Aachen
         Germany


DIENSTLEISTUNGS-UND HANDELS: Claims Registration Ends April 24
--------------------------------------------------------------
Creditors of Dienstleistungs-und Handels GmbH have until
April 24, 2008, to register their claims with court-appointed
insolvency manager Manfred Becker.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on May 29, 2008, 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 Frankfurt (Oder)
         Hall 401
         Muellroser Chaussee 55
         15236 Frankfurt (Oder)
         Germany

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

The insolvency manager can be reached at:

         Manfred Becker
         c/o Schroeder Rechtsanwalte
         Genthiner Strasse 48
         10785 Berlin
         Germany

The District Court of Frankfurt (Oder) opened bankruptcy
proceedings against Dienstleistungs-und Handels GmbH on March 1,
2008.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

         Dienstleistungs- und Handels GmbH
         Vorwerk 31
         15306 Lietzen
         Germany


DRUCKER-TEILE-SERVICE GMBH: Claims Period Ends April 21
-------------------------------------------------------
Creditors of Drucker-Teile-Service GmbH have until
April 21, 2008, to register their claims with court-appointed
insolvency manager Karina Schwarz.

Creditors and other interested parties are encouraged to attend
the meeting at 10:40 a.m. on May 14, 2008, 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 14
         Breiter Weg 203 - 206
         39104 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:

         Karina Schwarz
         Klausenerstr. 24
         39112 Magdeburg
         Germany
         Tel: 0391/ 6286260
         Fax: 0391/ 6286266
         E-mail: magdeburg@Rechtsanwaelte-Schwarz.de

The District Court of Magdeburg opened bankruptcy proceedings
against Drucker-Teile-Service GmbH on April 1, 2008.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Drucker-Teile-Service GmbH
         Geschwister-Scholl-Str. 127
         39218 Schoenebeck
         Germany

         Attn: Torsten Mueller, Manager
         Finkenweg 3
         39221 Welsleben
         Germany


GRUBER-MUELLER-GASTRO GMBH: Claims Period Ends April 23
-------------------------------------------------------
Creditors of Gruber-Mueller-Gastro GmbH have until
April 23, 2008, to register their claims with court-appointed
insolvency manager Dr. Jan Markus Plathner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on June 4, 2008, 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 Darmstadt
         Hall 4.310
         Building D
         Mathildenplatz 15
         64283 Darmstadt
         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 Markus Plathner
         Lyoner Strasse 14
         60528 Frankfurt
         Germany
         Tel: 069/962334-0
         Fax: 069/962334-22
         E-mail: m.plathner@brinkmann-partner.de

The District Court of Darmstadt opened bankruptcy proceedings
against Gruber-Mueller-Gastro GmbH on April 1, 2008.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Gruber-Mueller-Gastro GmbH
         Dieburger Strasse 1
         64859 Eppertshausen
         Germany

         Attn: Gerhard Michael Friedrich Jung, Manager
         Lessingstrasse 8
         63579 Freigericht
         Germany


INDUSTRIEVERTRETUNG WIEGAND: Claims Registration Ends April 28
--------------------------------------------------------------
Creditors of IndustrieVertretung Wiegand GmbH have until
April 28, 2008 to register their claims with court-appointed
insolvency manager Dr. Hans-Gert Dhonau.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on May 20, 2008, 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 Bad Kreuznach
         Hall A4
         Hofgartenstr. 2
         55545 Bad Kreuznach
         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. Hans-Gert Dhonau
         Bahnhofstr. 7, D
         55566 Bad Sobernheim
         Germany
         Tel: 06751/938013
         Fax: 06751/9380-36

The District Court of Bad Kreuznach opened bankruptcy
proceedings against IndustrieVertretung Wiegand GmbH on
March 11, 2008.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         IndustrieVertretung Wiegand GmbH
         Bacharacher Str. 65
         55494 Rheinboellen
         Germany

         Attn: Wolfgang Wiegand, Manager
         Dichtelbacher Str. 2
         55494 Rheinboellen
         Germany


JANZING IMMOBILIEN: Claims Registration Ends April 28
-----------------------------------------------------
Creditors of Janzing Immobilien GmbH & Co. KG have until
April 28, 2008 to register their claims with court-appointed
insolvency manager Philip Schober.

Creditors and other interested parties are encouraged to attend
the meeting at 2:00 p.m. on May 19, 2008, 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 Delmenhorst
         Hall 2
         Branch 1
         Cramerstrasse 183
         27749 Delmenhorst
         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:

         Philip Schober
         Martinistrasse 47/49
         28195 Bremen
         Germany
         Tel: 0421/95791-0
         Fax: 0421/95791-11
         E-mail: bremen@brinkmann-partner.de

The District Court of Delmenhorst opened bankruptcy proceedings
against Janzing Immobilien GmbH & Co. KG on March 6, 2008.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Janzing Immobilien GmbH & Co. KG
         Soegestr. 2
         27793 Wildeshausen
         Germany

         Attn: Thomas Janzing, Manager
         Brauereiweg 23
         27793 Wildeshausen
         Germany


JOBAKTIVA GMBH: Claims Registration Ends April 28
-------------------------------------------------
Creditors of JobAktiva GmbH have until April 28, 2008 to
register their claims with court-appointed insolvency manager
Dr. Tjark Thies.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on May 27, 2008, 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
         Meeting Hall B405
         Fourth Floor
         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. Tjark Thies
         Domstrasse 15
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against  JobAktiva GmbH on March 1, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         JobAktiva GmbH
         Attn: Hans-Peter Haak, Manager
         Wartenau 1
         22089 Hamburg
         Germany


MANDECLY DEUTSCHLAND: Claims Registration Ends April 25
-------------------------------------------------------
Creditors of Mandecly Deutschland GmbH have until
April 25, 2008, to register their claims with court-appointed
insolvency manager Dr. Joerg Nerlich.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 14, 2008, 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
         Fourth 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 reached at:

         Dr. Joerg Nerlich
         Louise-Dumont-Str. 25
         40211 Duesseldorf
         Germany

The District Court of Duesseldorf opened bankruptcy proceedings
against Mandecly Deutschland GmbH on March 31, 2008.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Mandecly Deutschland GmbH
         Verbindungsstrasse 27
         40723 Hilden
         Germany

         Attn: Daqing Chen, Manager
         Kastanienhof 37
         40225 Duesseldorf
         Germany


MBD MICHAEL: Claims Registration Ends April 28
----------------------------------------------
Creditors of MBD Michael Bahre Dienstleistungen GmbH have until
April 28, 2008 to register their claims with court-appointed
insolvency manager Rainer Michael Bahr.

Creditors and other interested parties are encouraged to attend
the meeting at 11:20 a.m. on June 4, 2008, 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 Hannover
         Hall 226
         Second Upper Floor
         Service Bldg.
         Hamburger Allee 26
         30161 Hannover
         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 Michael Bahr
         Prinzenstr. 14
         30159 Hannover
         Germany
         Tel: 0511 8503058-0
         Fax: 0511 8503058-8

The District Court of Hannover opened bankruptcy proceedings
against  MBD Michael Bähre Dienstleistungen GmbH on March 19,
2008.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

         MBD Michael Bahre Dienstleistungen GmbH
         Roscherstrasse 12
         30161 Hannover
         Germany

         Attn: Michael Bahre, Manager
         Breite Strasse 17 C
         30952 Ronnenberg
         Germany


MEDISERVE GMBH: Claims Registration Ends April 28
-------------------------------------------------
Creditors of MediServe GmbH have until April 28, 2008 to
register their claims with court-appointed insolvency manager
Dr. Dirk Wittkowski.

Creditors and other interested parties are encouraged to attend
the meeting at 10:10 a.m. on May 19, 2008, 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
         Hall 218
         Second Floor
         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. Dirk Wittkowski
         Kirchblick 11
         14129 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against MediServe GmbH on Feb. 28, 2008.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         MediServe GmbH
         Kurfuerstendamm 125 A
         10711 Berlin
         Germany


NB-WOHNBAU GMBH: Claims Registration Period Ends April 18
---------------------------------------------------------
Creditors of nb-Wohnbau GmbH have until April 18, 2008, to
register their claims with court-appointed insolvency manager
Wilhelm Salim Khan Durani.

Creditors and other interested parties are encouraged to attend
the meeting at 11:28 a.m. on May 9, 2008, 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 reached at:

         Wilhelm Salim Khan Durani
         Sell-Speicher
         Wall 55
         24103 Kiel
         Germany

The District Court of Flensburg opened bankruptcy proceedings
against nb-Wohnbau GmbH on April 1, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         nb-Wohnbau GmbH
         Attn: Ahrendt Nickelsen und
         Reiner Bender, Managers
         Werkstrasse 4
         24848 Kropp
         Germany


NEW & USED: Claims Registration Ends April 28
---------------------------------------------
Creditors of New & Used Clothes GmbH have until April 28, 2008
to register their claims with court-appointed insolvency manager
Frank Schmitt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 27, 2008, 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 Frankfurt (Main)
         Hall 1
         Building F
         Klingerstrasse 20
         60313 Frankfurt (Main)
         Germany

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

The insolvency manager can be reached at:

         Frank Schmitt
         Olof-Palme-Strasse 13
         60439 Frankfurt/Main
         Germany
         Tel: 069/50986-0
         Fax: 069/50986110

The District Court of Frankfurt (Main) opened bankruptcy
proceedings against New & Used Clothes GmbH on Feb. 19, 2008.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         New & Used Clothes GmbH
         Kurt-Schumacher-Strasse 43
         60313 Frankfurt (Main)
         Germany


RESPONSIF GMBH: Claims Registration Period Ends April 24
--------------------------------------------------------
Creditors of responsif GmbH have until April 24, 2008, to
register their claims with court-appointed insolvency manager
Reinhard Urbanczyk.

Creditors and other interested parties are encouraged to attend
the meeting at 1:40 p.m. on May 29, 2008, 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 Fuerth
          Hall 3
          Ground Floor
          Baumenstrasse 32
          Fuerth
          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. Reinhard Urbanczyk
          Creussnerstr. 5
          90409 Nuremberg
          Germany
          Tel: 0911/76600810
          Fax: 0911/76600828

The District Court of Fuerth opened bankruptcy proceedings
against responsif GmbH on March 5, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

          responsif GmbH
          Schallershofer Str. 84
          91056 Erlangen
          Germany


RM BETEILIGUNGSGESELLSCHAFT: Claims Registration Ends April 24
--------------------------------------------------------------
Creditors of RM Beteiligungsgesellschaft mbH have until
April 24, 2008, to register their claims with court-appointed
insolvency manager Frank Hanselmann.

Creditors and other interested parties are encouraged to attend
the meeting at 2:00 p.m. on May 8, 2008, 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  Schweinfurt
          Meeting Hall 22
          Schweinfurt
          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:

          Frank Hanselmann
          Heinestrasse 7 b
          97070 Wuerzburg
          Germany
          Tel: 0931/359800
          Fax: 0931/3598050

The District Court of Schweinfurt opened bankruptcy proceedings
against RM Beteiligungsgesellschaft mbH on March 14, 2008.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

          RM Beteiligungsgesellschaft mbH
          Attn: Valentin Goderbauer, Manager
          Kurgarten 5
          97688 Bad Kissingen
          Germany


RWK SANITAR: Claims Registration Period Ends April 21
-----------------------------------------------------
Creditors of RWK Sanitar- und WArmetechnik GmbH have until
April 21, 2008, to register their claims with court-appointed
insolvency manager Dr. Reinhard Th. Schmid.

Creditors and other interested parties are encouraged to attend
the meeting at 8:00 a.m. on May 27, 2008, 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 Stuttgart
         Room 178
         Hauffstr. 5
         70190 Stuttgart
         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. Reinhard Th. Schmid
         Hasenbergsteige 5
         70178 Stuttgart
         Germany
         Tel: 0711/66 90 70
         Fax: 0711/66 45 068

The District Court of Stuttgart opened bankruptcy proceedings
against RWK Sanitar- und WArmetechnik GmbH on March 31, 2008.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         RWK Sanitar- und WArmetechnik GmbH
         Attn: Steffen Schramm, Manager
         Boeblinger Str. 36
         70178 Stuttgart
         Germany


SSG SENIORENHEIM: Claims Registration Period Ends April 24
----------------------------------------------------------
Creditors of SSG Seniorenheim Serviceleistungen GmbH have until
April 24, 2008, to register their claims with court-appointed
insolvency manager Hans-Achim Ernst.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on May 15, 2008, 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 Bielefeld
          Hall 4065
          Fourth Floor
          Gerichtstrasse 66
          33602 Bielefeld
          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:

          Hans-Achim Ernst
          Bunsenstr. 3
          32052 Herford
          Germany

The District Court of Bielefeld opened bankruptcy proceedings
against SSG Seniorenheim Serviceleistungen GmbH on Feb. 29,
2008.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

          SSG Seniorenheim Serviceleistungen GmbH
          Attn: Uwe Visser, Manager
          Ernst-Albrecht-Str. 1
          32602 Vlotho
          Germany


STOJAN GESELLSCHAFT: Claims Registration Period Ends April 24
-------------------------------------------------------------
Creditors of stojan Gesellschaft fuer mobiles Catering mbH have
until April 24, 2008, to register their claims with court-
appointed insolvency manager Stephanie Pidun.

Creditors and other interested parties are encouraged to attend
the meeting at 11:15 a.m. on May 16, 2008, 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 Bremerhaven
          Hall 209
          Nordstr. 10
          27580 Bremerhaven
          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:

          Stephanie Pidun
          c/o White & Case GbR
          Jungfernstieg 51
          20354 Hamburg
          Germany
          Tel: 040 808136282
          Fax: 040 808136374

The District Court of Bremerhaven opened bankruptcy proceedings
against stojan Gesellschaft fuer mobiles Catering mbH on Feb.
28, 2008.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

          stojan Gesellschaft fuer mobiles Catering mbH
          Attn: Ralph Grote, Manager
          Steubenstr. 7
          27568 Bremerhaven
          Germany


VILLAGGIO SPORTSWEAR: Claims Registration Period Ends April 24
--------------------------------------------------------------
Creditors of Villaggio Sportswear GmbH & Co KG have until
April 24, 2008, to register their claims with court-appointed
insolvency manager Dirk Pfeil.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on May 26, 2008, 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 Frankfurt (Main)
          Hall 1
          Building F
          Klingerstrasse 20
          60313 Frankfurt (Main)
          Germany

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

The insolvency manager can be reached at:

          Dirk Pfeil
          Eschersheimer Landstrasse 60
          D 60322 Frankfurt am Main
          Germany
          Tel: 069/1530960
          Fax: 069/15309666

The District Court of Frankfurt (Main) opened bankruptcy
proceedings against  Villaggio Sportswear GmbH & Co KG on Feb.
11, 2008.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

          Villaggio Sportswear GmbH & Co KG
          Koelner Strasse 1
          65760 Eschborn
          Germany


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


ALITALIA SPA: May Lose License if Cash Hike Remains Unclear
-----------------------------------------------------------
Ente Nazionale per l'Aviazione Civile, Italy's regulatory body
of air transport activities, may revoke Alitalia S.p.A.'s
license in the next three weeks if the national carrier cannot
come up with a recapitalization plan, Bloomberg News reports
citing ENAC chief Vito Riggio.

Mr. Viggio said ENAC will meet with officials from Alitalia and
the finance ministry to ask for guarantees that the carrier
could still meet financial obligations.

"We are very concerned now as the only chance of a capital
injection is fading away," Mr. Riggio told Bloomberg News,
adding that ENAC can revoke Alitalia's license if it is in
"permanent financial difficulty and has no clear prospects."

Mr. Viggio commented to Bloomberg News that if Alitalia is
placed into special administration, there would be repercussions
on the local market, since the carrier controls about half of
the Italian air transportation market.

Mr. Viggio, however, warned, "If they don't convince us, we'll
have to take action."

As reported in the TCR-Europe on April 3, 2008, Alitalia S.p.A.,
labor unions, professional associations, and Air France-KLM SA
stopped negotiations after failing to reach an agreement
that would accomplish the sale's effectiveness conditions,
satisfaction of which would finalize the acceptance by Alitalia
and Italy of Air France's binding offer.

Alitalia's board said it would review it financial options
before deciding today, April 8, 2008, whether to continue its
operations or to file for bankruptcy proceedings.

Italian Finance Minister Tommaso Padoa-Schioppa said that if the
sale to Air France fails, Alitalia may seek protection from
creditors and the government would appoint a special
commissioner to initiate bankruptcy proceedings.  The government
had pledged to grant Alitalia a EUR300 million bridging loan if
Air France's takeover pushes through.  Alitalia badly need more
funds as it had less than EUR200 million in cash and credit
available at March 31, 2008.

                          About Alitalia

Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes.  The Italian government owns 49.9%
of Alitalia.  The company has operations in Argentina.

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively.  Alitalia posted EUR93 million in
net profits in 2002 after a EUR1.4 billion capital injection.
The carrier booked annual net losses of EUR520 million in 2003,
EUR813 million in 2004, EUR168 million in 2005, and
EUR625.6 million in 2006.


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


AIKUS LLP: Creditors Must File Claims by May 13
-----------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has
declared LLP Aikus insolvent on Feb. 29, 2008.

Creditors have until May 13, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Altynsarin Str. 31
         Aktobe
         Aktube
         Kazakhstan
         Tel: 8 (3132) 21-30-32


CASPIAN INVEST: Claims Deadline Slated for May 7
------------------------------------------------
LLP Caspian Invest LLC has declared insolvency.  Creditors have
until May 7, 2008, to submit written proofs of claims to:

         LLP Caspian Invest LLC
         Office 106
         Djangildin Str. 31
         Almaty
         Kazakhstan


DANA & K: Claims Filing Period Ends May 14
------------------------------------------
The Specialized Inter-Regional Economic Court of Pavlodar has
declared LLP Firm Dana & K insolvent.

Creditors have until May 14, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Pavlodar
         Djambulskaya Str. 6
         Pavlodar
         Kazakhstan
         Tel: 8 (3182) 57-16-66


DI AL: Creditors' Claims Due on May 14
--------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Di Al Di insolvent.

Creditors have until May 14, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Room 228
         Auelbekov Str. 139a
         Kokshetau
         Akmola
         Kazakhstan
         Tel: 8 (7162) 25-79-32


LOGMAN LLP: Claims Registration Ends May 7
------------------------------------------
The Specialized Inter-Regional Economic Court of Kostanai has
declared LLP Logman insolvent on Feb. 29, 2008.

Creditors have until May 7, 2008, to submit written proofs of
claims to:

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


NIK LLP: Creditors Must File Claims by May 7
--------------------------------------------
The Specialized Inter-Regional Economic Court of Kostanai has
declared LLP Nik insolvent on Feb. 29, 2008.

Creditors have until May 7, 2008, to submit written proofs of
claims to:

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


OLGINO LLP: Claims Deadline Slated for May 14
---------------------------------------------
The Specialized Inter-Regional Economic Court of Pavlodar has
declared LLP Olgino insolvent.

Creditors have until May 14, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Pavlodar
         Djambulskaya Str. 6
         Pavlodar
         Kazakhstan
         Tel: 8 (3182) 57-16-66


TECH COMPLECT-TRADE: Claims Filing Period Ends May 7
----------------------------------------------------
LLP Tech Complect-Trade has declared insolvency.  Creditors have
until May 7, 2008, to submit written proofs of claims to:

         LLP Tech Complect-Trade
         Severnaya Promzona
         140000, Pavlodar
         Kazakhstan


TUMAR- AUTO: Creditors' Claims Due on May 14
--------------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Tumar- Auto Service insolvent.

Creditors have until May 14, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Room 228
         Auelbekov Str. 139a
         Kokshetau
         Akmola
         Kazakhstan
         Tel: 8 (7162) 25-79-32


YAIK SERVICE: Claims Registration Ends May 13
---------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has
declared LLP Yaik Service insolvent on Feb. 29, 2008.

Creditors have until May 13, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Altynsarin Str. 31
         Aktobe
         Aktube
         Kazakhstan
         Tel: 8 (3132) 21-30-32


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


KYRGYZ RESPONSE: Claims Filing Period Ends May 2
------------------------------------------------
LLC Kyrgyz Response has declared insolvency.  Creditors have
until May 2, 2008 to submit written proofs of claim to:

         LLC Kyrgyz Response
         Shabdan Baatyr Str. 6
         Bishkek
         Kyrgyzstan


MARGO LLC: Creditors Must File Claims by May 2
----------------------------------------------
LLC Trade-Advertisement Agency Margo (INN 00202199810194) has
declared insolvency.  Creditors have until May 2, 2008 to submit
written proofs of claim.

Inquiries can be addressed to (+996 312) 56-26-34.


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


KINETIC CONCEPTS: To Acquire LifeCell for US$1.7 Billion in Cash
----------------------------------------------------------------
Kinetic Concepts, Inc. and LifeCell Corporation disclosed that
they have signed a definitive agreement whereby KCI will acquire
LifeCell for US$51.00 per share, or US$1.7 billion in cash.

The offer represents an 18% premium over the closing price of
LifeCell's stock on April 4, 2008, and a 26% premium over the
90-day volume weighted average trading price.  The boards of
directors of both companies have unanimously approved the
transaction.

Following the completion of the transaction, LifeCell will
operate as a new global biosurgery division within KCI.  Paul
Thomas will continue to lead the business as President of the
division and will join KCI's Executive Committee.  LifeCell's
management team and corporate headquarters will continue to be
located in Branchburg, New Jersey.  Based on existing KCI and
LifeCell operations, the combined companies are expected to
generate revenue of approximately US$2 billion in 2008 and will
employ more than 7,000 people.

"This is an exciting day for KCI," said Catherine Burzik,
President and Chief Executive Officer of KCI.  "LifeCell is an
exceptional strategic fit for us.  The acquisition of LifeCell
provides additional long-term growth opportunities, benefiting
patients and physicians and delivering sustained value to our
shareholders.  The acquisition brings together two respected
market leaders with well-established best-in-class technologies.
This combination allows us to accelerate our strategy to
increase KCI's presence in the operating room and will leverage
our broad global market reach to drive future growth of
LifeCell's products.  The focus of the integrated management
team will be to bring to market unparalleled therapeutic
solutions for patients.  I am confident that the combined
company will be a powerful force in delivering advanced
therapies for complex clinical situations.  We admire the
achievements of Paul Thomas and his management team and look
forward to welcoming LifeCell's world-class sales force and
product development organizations to KCI where they will play a
crucial role in our future success."

"Our board of directors and management team believe this
transaction makes strategic sense for our company, offers a
premium to our stockholders and creates exciting opportunities
for our employees," said Paul Thomas, Chairman of the Board,
President and Chief Executive Officer of LifeCell.  "We expect
that the combination of our leadership position in regenerative
medicine and KCI's innovative therapeutic approach to wound
healing will present opportunities for both organizations to
expand the markets we serve.  KCI's global infrastructure will
accelerate the penetration of LifeCell products into
international markets.  We also believe KCI's experience and
leadership position in advanced wound care will facilitate the
adoption of LifeCell's innovative products into this market.
Together, we look forward to improving the lives of more
patients around the world."

                    Benefits of the Combination

Global Biosurgical Leadership: KCI will leverage its
infrastructure together with LifeCell's products to create a
global medical technology leader with extensive experience
developing and commercializing best-in-class technologies and
clinically-proven products that achieve superior patient
outcomes.

Diversification of KCI Revenue Stream: The combination will
significantly diversify KCI's future revenue.  The company's
advanced wound care platform has been its primary growth driver
and this acquisition represents the third major product line for
the company going forward.  With revenue growth at 35% in 2007,
LifeCell would have represented approximately 11% of combined
revenue and provides a meaningful enhancement to the growth
trajectory that currently exists for KCI's negative pressure
technology platform.

Increased Presence in the Operating Room and Acute Care Setting:
KCI continues to focus on the operating room and the acute care
setting both with its current product offerings and with the
development of novel products from its negative pressure
technology platform.  Because LifeCell's products are primarily
used in these care settings, this acquisition accelerates KCI's
strategy and provides additional growth opportunities for the
combined company's advanced products.

Combined Research and Development Capabilities: KCI and LifeCell
share similar philosophies for research and product development.
This acquisition will bring complementary technical capabilities
together to facilitate the timely commercialization of high-
value solutions to complex, unmet clinical needs.

                   Financing and Structure

Under the terms of the merger agreement, a subsidiary of KCI
will commence a cash tender offer to acquire all outstanding
shares of LifeCell's common stock at a price of US$51.00 per
share.  KCI's obligation to consummate the tender offer is
conditioned upon the tender of at least a majority of the fully
diluted LifeCell shares in the offer, completion and funding of
KCI's financing arrangements described below, and the
satisfaction of regulatory and other customary closing
conditions.  Following completion of the tender offer, any
remaining LifeCell shares would be acquired in a merger for
US$51.00 per share.

KCI will use cash on hand and proceeds from a fully underwritten
debt financing from Bank of America and JPMorgan Chase Bank for
the acquisition.  The bank financing includes syndicated term
loans and a revolving credit facility.  Funding under the
commitment is subject to various conditions, including
consummation of the tender offer in accordance with the terms of
the merger agreement and other conditions similar to those
applicable to the completion of the tender offer and merger.  As
part of permanent financing and subject to market conditions,
KCI may access the equity-linked markets during 2008.  KCI and
LifeCell had combined EBITDA in excess of US$500 million in 2007
and KCI expects to rapidly pay down debt.

KCI believes substantial opportunities exist to leverage
adjacent technologies and global infrastructure to drive
meaningful revenue synergies, and expects a reduction of certain
general and administrative expenses.  Excluding the non-cash
amortization of intangibles, the transaction is expected to be
initially dilutive to cash earnings per share, becomes accretive
to cash earnings per share during 2009 and significantly
accretive in 2010 and thereafter.  On a GAAP basis, the
transaction is expected to become accretive to earnings per
share during 2010.

J.P. Morgan Securities Inc. acted as financial advisor to KCI
and Merrill Lynch & Co. acted as financial advisor to LifeCell.
Skadden, Arps, Slate, Meagher & Flom LLP and Lowenstein Sandler
PC served as legal advisors to KCI and LifeCell, respectively.

                 Ideal Strategic Partner

LifeCell's best-selling product AlloDerm(R), used to repair
damaged tissue in hernias and breast reconstruction, generated
US$167 million in revenue for the company last year.  LifeCell
is the clear leader in the rapidly growing biologics market.
The addition of LifeCell expands KCI's offerings in the
biosurgery and surgical suite and provides access to new
commercial and therapeutic opportunities.  By capitalizing on
LifeCell's strong relationships with acute care operating
physicians, KCI will have a platform upon which to launch its
next generation negative pressure-based products for the surgery
suite.  Additionally, KCI plans to leverage its broad reach and
global competencies in market development, regulatory and
reimbursement functions to accelerate the global introduction of
LifeCell's products.

LifeCell's newest product, Strattice(TM), is the next generation
of regenerative products and has the potential to transform the
tissue regeneration industry.  Easier to use, non-refrigerated,
and available in large sizes, Strattice(TM) will provide the
company's biosurgery business opportunities for growth in other
therapeutic areas and international markets.  Strattice(TM)
received 510(k) FDA clearance in June 2007 and is commercially
available in the U.S.

site shortly after the conclusion of the call.


Kinetic Concepts, Inc. (NYSE:KCI), a global medical technology
company with leadership positions in advanced wound care and
therapeutic support systems, and LifeCell Corporation , a leade

                        About LifeCell

LifeCell Corp. (NASDAQ:LIFC) -– http://www.LifeCell.com/-- is
provides innovative biological products for soft tissue repair.
Surgeons use the company's products to restore structure,
function and physiology in a variety of reconstructive,
orthopedic and urogynecologic surgical procedures.  LifeCell's
products include: ALLODERM(R) regenerative tissue matrix, for
plastic reconstructive, general surgical, burn and periodontal
procedures; STRATTICE(TM) reconstructive tissue matrix, for
plastic reconstructive and general surgical procedures;
GRAFTJACKET(R) regenerative tissue matrix, for orthopedic
applications and lower extremity wounds; ALLOCRAFT(R)DBM, for
bone grafting procedures; and REPLIFORM(R) tissue regeneration
matrix for urogynecologic surgical procedures.  The company's
research and development initiatives include programs designed
to extend the use of its current marketed products into new
surgical applications as well as expanding its product line in
the rapidly growing biosurgery market.

                               About KCI

Kinetic Concepts, Inc. (NYSE:KCI) -– http://www.kci1.com/-- is
a global medical technology company with leadership positions in
advanced wound care and therapeutic support systems.  The
company designs, manufactures, markets and services a wide range
of proprietary products that can improve clinical outcomes and
can help reduce the overall cost of patient care.  The company's
advanced wound care systems incorporate its proprietary Vacuum
Assisted Closure(R), or V.A.C. (R) Therapy technology, which has
been demonstrated clinically to promote wound healing through
unique mechanisms of action and can help reduce the cost of
treating patients with serious wounds.  The company's
therapeutic support systems, including specialty hospital beds,
mattress replacement systems and overlays, are designed to
address pulmonary complications associated with immobility, to
reduce skin breakdown and assist caregivers in the safe and
dignified handling of obese patients.  The company has an
infrastructure designed to meet the specific needs of medical
professionals and patients across all healthcare settings,
including acute care hospitals, extended care organizations and
patients' homes, in 19 countries in the United States and
abroad.

As of Dec. 31, 2007, the company's International division had
direct operations in 18 foreign countries including Germany,
Austria, the United Kingdom, Canada, France, the Netherlands,
Switzerland, Australia, Italy, Denmark, Sweden, Norway, Ireland,
Belgium, Spain, New Zealand, Singapore and South Africa.  The
International division distributes the company's medical devices
and therapeutic support systems through a network of 67 service
centers to approximately 4,400 acute care hospitals.  KCI's
international corporate office is located in Amsterdam, the
Netherlands.


KINETIC CONCEPTS: LifeCell Purchase Cues Moody's Stable Outlook
---------------------------------------------------------------
Moody's Investors Service affirmed the Ba2 Corporate Family
Rating of Kinetic Concepts, Inc and changed the ratings outlook
to stable from positive.

The rating actions follow KCI's announcement that it has signed
a definitive agreement to acquire LifeCell Corporation in a cash
transaction valued at US$1.7 billion net of acquired cash.
Moody's also affirmed the Ba2 rating on KCI's existing senior
secured credit facility.  Moody's anticipates it will withdraw
this rating upon the close of the transaction as it is Moody's
understanding that the company has secured fully underwritten
debt financing that will be used to acquire LifeCell and repay
KCI's existing debt.  Moody's expects the acquisition to close
in the first half of 2008, contingent upon the tender of at
least a majority of LifeCell's shares, completion and funding of
KCI's financing arrangements, and satisfaction of regulatory and
other customary closing conditions.

The Ba2 Corporate Family Rating is supported by the combined
company's leading competitive positions in its core markets,
KCI's moderate financial policies and history of debt repayment.
In addition, Moody's believes the acquisition of LifeCell should
give KCI a strong foothold in the biosurgery market, which could
potentially be leveraged to increase sales of negative pressure
wound therapy products in the operating rooms of hospitals.

The ratings are constrained by the integration and execution
risk associated with a transaction of this size and risks
associated with the launch and adoption of LifeCell's new
product, Strattice.  In addition, there have been recent
competitive launches of NPWT products into the market, of which
the ultimate impact on KCI is uncertain.  In addition, despite
the improvement in revenue concentration following the
acquisition, revenues from NPWT products are expected to
continue to be at least 70% of KCI's total revenues over the
rating horizon.

Moody's affirmed these ratings:

    -- Corporate Family Rating, Ba2
    -- Senior Secured Revolving Credit Facility, Ba2, LGD3, 34%
    -- Probability of Default Rating, Ba3

The ratings outlook is stable.

Kinetic Concepts, Inc., headquartered in San Antonio, Texas, is
a global medical technology company with leadership positions in
advanced wound care and therapeutic support systems.  The
company's advanced would care systems incorporate proprietary
Vacuum Assisted Closure, or V.A.C. Therapy technology.  LifeCell
is a leading provider of innovative biological products for soft
tissue repair.  Moody's estimates that the combined company
would have reported pro forma revenues of approximately US$1.8
billion for the twelve months ended December 31, 2007.


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


BANK OF KHANTY-MANSIYSK: S&P Ups Long-Term Credit Rating to BB-
---------------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term
counterparty credit rating on Russian Bank of Khanty-Mansiysk
(JSC) to 'BB-' from 'B+', and affirmed its 'B' short-term
counterparty credit rating.  At the same time, the Russian
national scale rating was raised to 'ruAA-' from 'ruA+'. The
outlook is stable.

"The upgrade reflects improvements in BKM's stand-alone credit
profile, supported by a stable financial performance track
record, adequate capitalization and asset quality, and abundant
liquidity," said Standard & Poor's credit analyst Eugene
Tarzimanov.  "The bank is also on track to diversify its funding
base, which remained concentrated on public funds in previous
years."

The ratings on BKM continue to be pressured by its high exposure
to credit risk on the back of very rapid credit growth, a still-
concentrated funding profile, and moderate profitability.

BKM's strong links to its owner, the Khanty-Mansiysk Autonomous
Okrug (KMAO; BBB-/Stable/--; Russia national scale 'ruAAA'),
continue to support the ratings.

S&P classifies BKM as a "commercial institution" government-
related entity and accord the rating on BKM a one-notch uplift
above its stand-alone credit rating.  This rating uplift
reflects the potential extraordinary support that BKM is likely
to receive from KMAO in case of difficulties.

S&P expects BKM to continue its rapid expansion in line with its
business strategy, while maintaining an adequate level of asset
quality and capitalization.  S&P also expects that the
relationship between BKM and KMAO will remain strong in the
medium term, and that the bank will receive the necessary
support and commitment to service KMAO's financial requirements.

"We would consider raising the stand-alone ratings on the bank
if it further improves the diversification of its funding base,
maintains adequate capitalization and asset quality, and
demonstrates its ability to generate sustainable profits from a
wider customer base," said Mr. Tarzimanov.

The stand-alone ratings could be lowered if the bank's asset
quality, financial performance, funding profile, and
capitalization deteriorate to a significant degree.

Withdrawal of the one-notch uplift due to BKM's commercial
institution government-related entity status is likely if the
local government loses its control ownership over BKM due to its
privatization, which is likely, but not certain, in the medium
term.  Negative rating pressure would also follow if the
ties between BKM and KMAO weakened significantly.


BELEBEEVSKAYA KNITTING: Creditors Must File Claims by May 15
------------------------------------------------------------
Creditors of OJSC Belebeevskaya Knitting Factory (TIN
0255005037, OGRN 1020201577087) have until May 15, 2008, to
submit proofs of claim to:

         Z. Tuktarov
         Insolvency Manager
         Office 4
         Building BEMS
         Lenina Str. 68
         Belebey
         452000 Bashkortostan
         Russia

The Arbitration Court of Bashkortostan commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A07-1185/2007-G-GIA.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         OJSC Belebeevskaya Knitting Factory
         Voykova Str. 115
         Belebey
         452000 Bashkortostan
         Russia


BORKOVSKOE LLC: Creditors Must File Claims by April 15
------------------------------------------------------
Creditors of LLC Borkovskoe have until April 15, 2008, to submit
proofs of claim to:

         I. Khlystov
         Insolvency Manager
         Post User Box 155
         390035 Ryazan-35
         Russia

The Arbitration Court of Ryazan commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A54-3663/2007.

The Court is located at:

         The Arbitration Court of Ryazan
         Pochtovaya Str. 43/44
         Ryazan
         Russia

The Debtor can be reached at:

         LLC Borkovskoe
         Morozovo-Borki
         Sapozhkovskiy
         Ryazan
         Russia


KIMRSKIY ENGINEERING: Creditors Must File Claims by May 15
----------------------------------------------------------
Creditors of LLC Kimrskiy Engineering Factory have until May 15,
2008, to submit proofs of claim to:

         A. Teplyakov
         Insolvency Manager
         Office 358
         Marshala Timoshenko Str. 17/2
         121359 Moscow
         Russia

The Arbitration Court of Tver commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A66-2475/2007.

The Court is located at:

         The Arbitration Court of Tver
         Room 7
         Sovetskaya Str. 23b
         Tver
         Russia

The Debtor can be reached at:

         LLC Kimrskiy Engineering Factory
         Ordzhonikidze Str. 70
         Kimry
         171506 Tver
         Russia


INVEST-COM LLC: Creditors Must File Claims by May 15
----------------------------------------------------
Creditors of LLC Invest-Com (TIN 7713508978) have until May 15,
2008, to submit proofs of claim to:

         I. Yas’ko
         Insolvency Manager
         Post User Box 5973
         350007 Krasnodar-7
         Russia

The Arbitration Court of Krasnodar commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A-32-7057/2007-38/220-B.

The Court is located at:

         The Arbitration Court of Krasnodar
         Krasnaya Str. 6
         Krasnodar
         Russia

The Debtor can be reached at:

         LLC Invest-Com
         Uralskaya Str. 144
         350088 Krasnodar
         Russia


MOBILE TELESYSTEMS: Posts Over US$8 Billion Sales in 2007
---------------------------------------------------------
OJSC Mobile TeleSystems posted a 25% hike in annual net sales
from US$6.38 billion in 2006 to over US$8 billion in 2007,
Bloomberg News reports citing CEO Leonid Melamed.

Mr. Melamed attributed the sales increase to a 17% rise in
number of subscribers, Bloomberg News relates.  He noted that
adding music and video contents and providing greater Internet
access helped the company boosts its subscriber base to around
85 million.

The chief executive said MTS plans to expand its operations in
the Commonwealth of Independent States, as well as in Africa and
Southeast Asia.  The company, however, have no plans to boost
its presence in Eastern and Western Europe.

Mr. Melamed said Mobile TeleSystems will release its full 2007
financial report April 16, 2008.

                   About Mobile TeleSystems

Headquartered in Moscow, Russia, OJSC Mobile TeleSystems
(NYSE:MBT) -- http://www.mtsgsm.com/-- is the largest wireless
telecommunications operator in Russia and the CIS.  For the
first six months of 2007, MTS reported revenues of US$3.7
billion and an OIBDA margin of 51.8%.  MTS has 79.12 million
total subscribers as of August 2007.  The regions of Russia, as
well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan,
in which MTS and its associates and subsidiaries are licensed to
provide GSM services, have a total population of more than 230
million. Since June 2000, MTS' Level 3 ADRs have been listed on
the New York Stock Exchange (ticker symbol MBT)


MOBILE TELESYSTEMS: Fitch Puts Issuer LT Default Rating at BB+
--------------------------------------------------------------
Fitch Ratings assigned Russia-based OJSC Mobile TeleSystems  a
Long-term Issuer Default rating of 'BB+', National Long-term
rating of 'AA(rus)' and Short-term IDR of 'B'.  The Outlooks for
the Long-term IDR and National Long-term rating are Stable.  The
agency also assigned 'BB+' ratings to two of MTS's outstanding
Eurobonds, structured as senior unsecured obligations, as
follows:

8.375% US$400m notes issued by MTS Finance S.A (MTS Finance), a
100% beneficiary subsidiary of MTS, and fully and
unconditionally guaranteed by MTS, due on 14 Oct 2010: Long-term
foreign currency rating 'BB+' 8% US$400m notes issued by MTS
Finance and fully and unconditionally guaranteed by MTS, due on
28 Jan 2012: Long-term foreign currency rating: 'BB+'

"MTS is a highly profitable and operationally successful mobile
operator in the CIS region that achieved a relatively mature
stage in its business cycle as evidenced by its positive free
cash flow generation.  However, the company is not immune to the
group-wide risks of JSFC Sistema, its controlling shareholder,
which is a credit constraint," says Nikolay Lukashevich, Senior
Director in Fitch's TMT team.

MTS's market shares are strong across its entire franchise and
are not expected to come under significant pressure.  The
company's various competitive strengths make it well positioned
to remain a strong mobile player, and successfully defend its
competitive positions in all of its countries of operations.
Fitch notes that the company is likely to benefit from sizeable
'remaining' subscriber growth in Russia and Ukraine and strong
growth potential in other CIS countries where it is present.  In
its key markets, there is a tendency for Average Revenue Per
User (ARPU) to grow on the back of increasing voice usage and an
improving demand for value-added services.  Fitch expects ARPU
growth to become a key revenue and earnings driver in the
medium-to-long term.  The regulatory environment in MTS's key
markets is generally benign for mobile operators.

MTS turned FCF positive in 2006, and is likely to have improved
its FCF margin in 2007 (on a pre-dividend basis).  Growing
EBITDA and relatively modest increases in investment needs on
the back of moderate shareholder distributions ensure that it
will remain strongly FCF generative in the future, although in
the short-to-medium term MTS's FCF generation is likely to
exhibit higher volatility than its peers in more established
markets.  MTS's leverage is modest at 0.6x of Net Debt/EBITDA at
end-Q307, and this is not expected to significantly increase in
the future.  The agency notes that the company has significant
flexibility to increase its leverage as long as it remains
strongly FCF positive.

MTS is majority-controlled by Sistema (rated 'BB-' (BB
minus)/Stable), which exercises significant influence on MTS's
financial and operating strategies.  This structure exposes MTS
to material group-wide risks, as it is not strongly ring-fenced
from potential troubles at Sistema's other weaker subsidiaries,
which is a credit constraining factor.


NOVOCHEBOKSARSKIY HOUSE: Creditors Must File Claims by May 15
-------------------------------------------------------------
Creditors of OJSC Novocheboksarskiy House Building Combine (TIN
2124020187) have until May 15, 2008, to submit proofs of claim
to:

         A. Kuznetsov
         Insolvency Manager
         Room 310
         Tekstilshikov Str. 10
         Cheboksary
         428008 Chuvashiya
         Russia

The Arbitration Court of Chuvashiya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A9-13463/2005.

The Debtor can be reached at:

         OJSC Novocheboksarskiy House Building Combine
         Promyshlennaya Str. 73
         Novocheboksarsk
         429950 Chuvashiya
         Russia


SPETS-MONTAZH-GAS: Creditors Must File Claims by May 15
-------------------------------------------------------
Creditors of OJSC Spets-Montazh-Gas (TIN 2128013712) have until
May 15, 2008, to submit proofs of claim to:

         A. Kuznetsov
         Insolvency Manager
         Room 310
         Tekstilshikov Str. 10
         Cheboksary
         428008 Chuvashiya
         Russia

The Arbitration Court of Chuvashiya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A79-4537/2005.

The Debtor can be reached at:

         OJSC Spets-Montazh-Gas
         Building 1
         Mira Pr. 90
         Cheboksary
         428024 Chuvashiya
         Russia


VAGRON OJSC: Creditors Must File Claims by May 15
-------------------------------------------------
Creditors of OJSC Vagron have until May 15, 2008, to submit
proofs of claim to:

         M. Kolesnikov
         Insolvency Manager
         Office 802
         VTI
         Avtozavodskaya Str. 14/23
         115280 Moscow
         Russia

The Arbitration Court of Vologda commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A13-8477/2005-22.

The Court is located at:

         The Arbitration Court of Vologda
         Hall 4
         Gertsena Str. 1a
         Vologda
         Russia

The Debtor can be reached at:

         OJSC Vagron
         Sh. Internatsionala Str. 39
         160009 Vologda
         Russia


VIMPEL-COMMUNICATIONS: Receives New Five-Year GSM Licenses
----------------------------------------------------------
Russia's Federal Service for Supervision over Mass
Communications, Telecommunication and Protection of Cultural
Heritage has issued new license GSM 900/1800 mobile radio
telephony communications to OJSC Vimpel-Communications.

New licenses govern the Company's operations in Moscow and
Moscow Region, and on the territory of a number of regions of
the Russian Federation in Siberia, Central, Southern and Volga
federal districts and will be valid for five years from
April 28, 2008 to April 28, 2013.

Licenses of the Company for GSM mobile radio telephony
communications regulating its operations on the territory of
regions in North-Western and Urals federal districts expire in
the second half of 2012.

                   About Mobile TeleSystems

Headquartered in Moscow, Russia, OJSC Mobile TeleSystems
(NYSE:MBT) -- http://www.mtsgsm.com/-- is the largest wireless
telecommunications operator in Russia and the CIS.  For the
first six months of 2007, MTS reported revenues of US$3.7
billion and an OIBDA margin of 51.8%.  MTS has 79.12 million
total subscribers as of August 2007.  The regions of Russia, as
well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan,
in which MTS and its associates and subsidiaries are licensed to
provide GSM services, have a total population of more than 230
million. Since June 2000, MTS' Level 3 ADRs have been listed on
the New York Stock Exchange (ticker symbol MBT)

                         *      *      *

As of Feb. 20, 2008, Mobile TeleSystems carries Ba2 Corporate
Family and Probability-of-Default ratings from Moody's Investors
Service, which says the outlook is positive.

The company also carries BB- Foreign and Local Issuer Default
ratings from Standard & Poors' Rating Services, which says the
outlook is positive.


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


HERCULES INC: Debt Reduction Cues Moody's to Up Rating to 'Ba1'
---------------------------------------------------------------
Moody's Investors Service raised the corporate family rating of
Hercules Incorporated to Ba1 from Ba2, adjusted other debt
ratings upward, and moved the outlook on the rating to positive.
This concludes the review for possible upgrade that was
initiated on Jan. 30, 2008.

The Ba1 CFR (and positive outlook) reflect Hercules' successful
efforts at debt reduction in past years and most recently in
2007.   Hercules reduced balance sheet debt by roughly
US$200 million in 2007 (to about US$795 million) and this
reduction, along with strong cash flows, has caused credit
metrics to improve to levels that support the Ba1 CFR.

Moody's assigned a positive outlook to Hercules ratings in June
of 2007 in anticipation of Hercules' ongoing positive credit
metric performance.  At that time, Moody's stated that provided
that capital expenditures remain moderate, there are no large
acquisitions and prospective dividend actions or share
repurchases are prudently sized, the company should be able to
generate retained cash flow to adjusted total debt above 20%,
free cash flow to adjusted total debt of over 10%, and a fixed
charge coverage ratio (EBITDA to interest) of over 4.5 times.
At the end of 2007 these metrics were 33%, 23%, and 5.0 times
respectively.

The positive outlook reflects Moody's expectation of further
modest debt reduction in 2008 and 2009 (after which Moody's
expects absolute debt levels to stabilize), that Hercules'
asbestos settlements and expenses will not exceed US$35 million
in any twelve month period and that the number of asbestos case
levels will continue to decline.

Provided capital expenditures remain moderate, there are no
large acquisitions and prospective dividend actions or share
repurchases remain at prudent levels the company should be able
to generate retained cash flow to adjusted total debt above 20%,
free cash flow to adjusted total debt of over 10%, and a fixed
charge coverage ratio (EBITDA to interest) of over 4.5 times.
If these metrics are realized on a sustainable basis Moody's
could reassess the appropriateness of the Ba1 ratings by year
end 2009.   Conversely, an unexpectedly large increase in legacy
liabilities, debt financed share repurchases or bolt on
acquisitions that would cause debt to remain at or above US$800
million could cause Moody's outlook to return to stable.

Upgrades:

Issuer: Hercules Incorporated

   -- Corporate Family Rating, Upgraded to Ba1 from Ba2

   -- Probability of Default Rating, Upgraded to Ba1 from Ba2

   -- Senior Secured Bank Credit Facility, to Baa2 from to Baa3,
      15% - LGD2

   -- Senior Secured Regular Bond orDebenture, to Baa2 from to
      Baa3, 15% - LGD2

   -- Senior Unsecured Regular Bond or Debenture, Upgraded to
      Ba1 from Ba3, 62% LGD4

   -- Junior Subord. Regular Bond or Debenture, Upgraded to Ba2
      from B1, to 92% - LGD6

   -- Subord. Conv./Exch. Bond or Debenture, Upgraded to Ba2
      from B1, to 92% - LGD6

Outlook Actions:

   -- Outlook, Changed To Positive From Rating Under Review

Hercules Inc. (NYSE:HPC) -- http://www.herc.com/-- manufactures
and markets chemical specialties globally for making a variety
of products for home, office and industrial markets.  The
company has its regional headquarters in China and Switzerland,
and a production facility in Brazil.


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


DZHERELTSE OJSC: Creditors Must File Claims by April 11
-------------------------------------------------------
Creditors of OJSC Elegal Subsidiary Company Dzhereltse (code
EDRPOU 23948210) have until April 11, 2008, to submit proofs of
claim to:

         The Economic Court of Lvov
         Lichakivska Str. 81
         79010 Lvov
         Ukraine

The Economic Court of Lvov commenced bankruptcy against
proceedings on the company after finding it insolvent on
Jan. 28, 2008.  The case is docketed as 29/207.

The Debtor can be reached at:

         OJSC Elegal Subsidiary Company Dzhereltse
         Sagaydachny Str. 1
         Velikiye Mosty
         Sokal District
         80074 Lvov
         Ukraine


LVOV PRODUCTION: Creditors Must File Claims by April 11
-------------------------------------------------------
Creditors of LLC Lvov Production Industrial Company (code EDRPOU
32409436) have until April 11, 2008, to submit proofs of claim
to:

         The Economic Court of Lvov
         Lichakivska Str. 81
         79010 Lvov
         Ukraine

The Economic Court of Lvov commenced bankruptcy against
proceedings on the company after finding it insolvent on
Jan. 29, 2008.  The case is docketed as 8/241.

The Debtor can be reached at:

         LLC Lvov Production Industrial Company
         Zelenaya Str. 149a
         79000 Lvov
         Ukraine


PRAVDA LLC: Creditors Must File Claims by April 11
--------------------------------------------------
Creditors of LLC Agricultural Firm Pravda (code EDRPOU 30155307)
have until April 11, 2008, to submit proofs of claim to:


         The Economic Court of Zakarpatye
         Kociubinsky Str. 2a
         Uzhgorod
         88000 Zakarpatye
         Ukraine

The Economic Court of Zaporozhje commenced bankruptcy against
proceedings on the company after finding it insolvent on
Feb. 25, 2008.  The case is docketed as 19/166/08.

The Debtor can be reached at:

         LLC Agricultural Firm Pravda
         Gvardeyskaya Str. 12
         Velikobielozersky District
         Bolshaya Bielozerka
         71401 Zaporozhje
         Ukraine


RITA LLC: Proofs of Claim Deadline Set April 11
-----------------------------------------------
Creditors of LLC Rita (code EDRPOU 30996814) have until
April 11, 2008, to submit proofs of claim to:

         The Economic Court of Dnipropetrovsk
         Kujbishev Str. 1a
         49600 Dnipropetrovsk
         Ukraine

The Economic Court of Dnipropetrovsk commenced bankruptcy
supervision procedure on the company.  The case is docketed as B
24/452-07.

The Debtor can be reached at:

         LLC Rita
         Lermontov str.
         Marganets
         Dnipropetrovsk
         Ukraine


SPECIAL BUILDING: Proofs of Claim Deadline Set April 11
-------------------------------------------------------
Creditors of OJSC Special Building Assembly (code EDRPOU
00233537) have until April 11, 2008, to submit proofs of claim
to:

         The Economic Court of Lvov
         Lichakivska Str. 81
         79010 Lvov
         Ukraine

The Economic Court of Lvov has commenced bankruptcy supervision
procedure on the company.  The case is docketed as 8/312.

The Debtor can be reached at:

         OJSC Special Building Assembly
         Koniushynnaya Str. 7
         79000 Lvov
         Ukraine


TRONKA LLC: Creditors Must File Claims by April 11
--------------------------------------------------
Creditors of LLC Tronka (code EDRPOU 22367221) have until
April 11, 2008, to submit proofs of claim to:

         The Economic Court of Lvov
         Lichakivska Str. 81
         79010 Lvov
         Ukraine

The Economic Court of Lvov commenced bankruptcy against
proceedings on the company after finding it insolvent. The case
is docketed as 29/176.

The Debtor can be reached at:

         LLC Tronka
         B. Hmelnitsky Str. 273/62
         79000 Lvov
         Ukraine


WEST 2000: Creditors Must File Claims by April 11
-------------------------------------------------
Creditors of LLC West 2000 (code EDRPOU 30538341) have until
April 11, 2008, to submit proofs of claim to:

         The Economic Court of Lvov
         Lichakivska Str. 81
         79010 Lvov
         Ukraine

The Economic Court of Lvov commenced bankruptcy against
proceedings on the company after finding it insolvent on
Jan. 10, 2008.  The case is docketed as 6/54-8/99.

The Debtor can be reached at:

         LLC West 2000
         V. Veliky Str. 5/23
         79000 Lvov
         Ukraine


ZELENKOVKA LLC: Proofs of Claim Deadline Set April 11
-----------------------------------------------------
Creditors of Zelenkovka LLC (code EDRPOU 30864466) have until
April 11, 2007 to submit proofs of claim to:

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

The Economic Court of Sumy commenced bankruptcy supervision
procedure on the company on Feb. 18, 2008.  The case is docketed
as 8/24-08.

The Debtor can be reached at:

         Zelenkovka LLC
         Zelenkovka
         Nedrigaylovsky District
         42125 Sumy
         Ukraine


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


ABBOTT GROUP: Bank of Scotland Taps KPMG as Joint Receivers
-----------------------------------------------------------
Bank of Scotland appointed Allan Watson Graham and Richard James
Philpott of KPMG LLP joint administrative receivers of Abbott
Group Ltd. (Company Number 04140548) on March 29, 2008.

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

The company can be reached at:

          Abbott Group Ltd.
          Lower Farm Road
          Moulton Park
          Northampton
          Northamptonshire
          NN3 6XF
          England


BIG ISLAND: Brings In Joint Administrators from Tenon
-----------------------------------------------------
Matthew Colin Bowker and David Antony Willis of Tenon Recovery
were appointed joint administrators of Big Island Clothing Ltd.
(Company Number 04885690) on March 27, 2008.

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

The company can be reached at:

          Big Island Clothing Ltd.
          33 King Street
          Knutsford
          Cheshire
          WA16 6DW
          England
          Tel: 01565 634 710


BRITISH ENERGY: EDF Prepares Bid; Centrica Eyes Joint Bid
---------------------------------------------------------
France's Electricite de France is preparing to a launch a bid
for British Energy Group plc, Hamish Rutherford writes for the
Scotsman.

According to the Scotsman, citing La Tribune, EDF's board has
given the green light to pursue the BE bid.

Meanwhile, Centrica has held talks with other European power
firms, including EDF, over a possible GBP10 billion joint bid
for BE, BBC News relates.

BBC says, RWE of Germany, Eon of Germany, and Iberdola of Spain
are likely to participate in the joint bid.

As previously reported in the TCR-Europe on March 20, 2008, BE's
board said that it is in discussion with interested parties in
the context of its future and its plans to take a pivotal role
in any new nuclear program.

These discussions could lead to a business combination or an
offer for the company, although there can be no certainty that
any offer will be made.

The government, on the other hand, hired UBS AG to advise it on
the program for new nuclear stations, including the 35% stake it
holds in BE.

A government spokesman disclosed that UBS was advising the
government on all commercial aspects of development on new
nuclear capacity, and ministers were not actively marketing its
stake on BE for sale.

                   About British Energy

Headquartered in Livingston, Scotland, British Energy Group plc
-- http://www.british-energy.com/-- is the U.K.'s largest
producer of electricity.  With a workforce of about 6,000, it
produces around one-sixth of the nation's electricity.

                        *     *     *

As of March 17, 2008, British Energy Group plc carries a Ba2
long-term corporate family rating from Moody's with a stable
outlook.

Standard & Poor's affirmed its BB long-term corporate credit
ratings on U.K.-based nuclear generator British Energy Group PLC
and its subsidiary British Energy Holdings PLC, with negative
outlook.

The company holds a BB+ long-term issuer default rating from
Fitch with a stable outlook.


CALYON: Moody's Cuts Rating on Mauritius Credit Defaut Swap
-----------------------------------------------------------
Moody's Investors Service downgraded one credit default swap
entered into by Calyon.

The rating action is:

Calyon:

          (1) US$20,000,000 Mauritius Credit Default Swap
              terminating in 2011

              Current Rating: Ba1
              Prior Rating: Baa3, on review for downgrade

This rating action is the result of negative credit migration in
the underlying pool of corporate reference credits.


CARLYLE CAPITAL: Bedell Cristin Appointed as Liquidators
--------------------------------------------------------
Advocates Mark Helyar and Christopher Anderson of Bedell Cristin
Guernsey have been appointed by the liquidators of Carlyle
Capital Corporation Limited to provide Guernsey legal advice on
the liquidation.  Court applications in Guernsey on March 17 and
March 18 led to the appointment of four liquidators from
insolvency and corporate recovery specialists Begbies Traynor to
act on behalf of the stricken Guernsey registered fund, which is
listed on the Euronext Amsterdam exchange.

CCC is one of the latest high profile collapses arising from
recent global market turmoil.  With reported predominantly
residential mortgage assets on February 27 of US$21.7 billion,
CCC is by far the largest and internationally high profile
compulsory liquidation ever brought before Guernsey's courts.

"Our team is working closely and intensively with the
liquidators and counsel in Guernsey, London, New York and
Holland, together with the relevant regulatory and listing
authorities, to facilitate the orderly liquidation of CCC's
remaining assets," Mark Helyar, managing partner in Guernsey,
said.

                       About Carlyle Capital

Carlyle Capital Corporation Limited (Euronext Amsterdam: CCC;
ISIN: GG00B1VYV826) -- http://www.carlylecapitalcorp.com/-- is
a Guernsey investment company that was formed on Aug. 29, 2006.
It is a closed-end investment fund domiciled and registered as a
limited company under the laws of Guernsey, Channel Islands.
The company invests in a diversified portfolio of fixed income
assets including high-grade mortgages and credit products.  The
company's day-to-day activities and investment portfolio are
managed by Carlyle Investment Management LLC, whose investment
professionals have extensive experience in the areas of mortgage
finance, leveraged finance, capital markets transaction
structuring and risk/portfolio management.

CIM manages the company pursuant to a management agreement.  CIM
is a registered investment adviser under the U.S. Investment
Advisers Act of 1940 and is an affiliate of The Carlyle Group.

The company was put into compulsory liquidation on March 17,
2008, under the Companies Law in Guernsey after failing to meet
margin calls and receiving default notices from lenders.


FUTURE FRAME: Appoints Matthew Colin Bowker as Liquidator
---------------------------------------------------------
Matthew Colin Bowker of Tenon Recovery was appointed liquidator
of Future Frame (Windows & Doors) Ltd. on March 31 for the
creditors' voluntary winding-up procedure.

The liquidator can be reached at:

         Tenon Recovery
         Clive House
         Clive Street
         Bolton
         BL1 1ET
         England


GEMINI PUBLICATIONS: Taps Joint Administrators from Mazars LLP
--------------------------------------------------------------
Timothy Colin Hamilton Ball and Alistair Steven Wood of Mazars
LLP were appointed joint administrators of Gemini Publications
Ltd. (Company Number 3352427) on March 18, 2008.

Mazars -- http://www.mazars.com/-- provides in audit,
accounting, tax and advisory services.

The company can be reached at:

          Gemini Publications Ltd.
          30A
          Monmouth Street
          Bath
          Avon
          BA1 2AN
          England
          Tel: 01225 484 877
          Fax: 01225 484 877


HYDE ELECTRICAL: Grimwood & Dix Buys Plant & Equipment from PKF
---------------------------------------------------------------
Grimwood & Dix bought some of Hyde Electrical Services Ltd.'s
plant and equipment for GBP5,000 from administrators PKF,
Crain's Manchester Business reports.

Grimwood & Dix also recruited Hyde Electrical's managing and
contracts director.

"We didn't buy the business from the administrators," Grimwood &
Dix managing director, Kevin Duffy was quoted by Crain's
Manchester as saying.

"We recruited the MD as soon as his obligations were fulfilled
with the administrator.  We recruited his contracts manager and
his men and then his customers.  It wasn't difficult to grow the
business," Mr. Duffy added.

According to the report, Hyde Electrical became Grimwood & Dix's
engineering services division.

As reported in the TCR-Europe, Jonathan Newell and Kerry Bailey
of PKF (U.K.) Ltd. were appointed joint administrators of Hyde
Electrical Services Ltd. on Dec. 18, 2006.


MOBUY SERVICES: Brings In Liquidators from Tenon Recovery
---------------------------------------------------------
S. J. Parker and T. J. Binyon of Tenon Recovery were appointed
joint liquidators of Mobuy Services Ltd. (formerly MITV Services
Ltd., Market T.V. Services Ltd.) on March 27 for the creditors'
voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         Sherlock House
         73 Baker Street
         London
         W1U 6RD
         England


OMEGA PARTITIONS: Appoints Joint Administrators from KPMG
---------------------------------------------------------
Howard Smith and Mark Granville Firmin of KPMG LLP were
appointed joint administrators of Omega Partitions Ltd. (Company
Number 01261002) on March 31, 2008.

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

The company can be reached at:

          Omega Partitions Ltd.
          6-8 Stafford Street
          Leeds
          West Yorkshire
          LS10 1NL
          England
          Tel: 0113 277 7313
          Fax: 0113 271 4819
          Web site: http://www.omegapartitions.co.uk/


OVS REALISATION: Creditors' Meeting Slated for April 15
-------------------------------------------------------
Creditors of OVS Realisation 2008 Ltd. (Company Number 02513105)
will meet at 10:00 a.m. on April 15, 2008 at:

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

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims at noon on April 14, 2008 at:

          Christopher David Stevens and Colin Ian Vickers
          Joint Administrators
          Vantis Plc
          Fourth Floor
          Southfield House
          11 Liverpool Gardens
          Worthing
          West Sussex
          BN11 1RY
          England

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


PENTAGON CAPITAL: U.S. SEC Files Fraud Charges Against CEO
----------------------------------------------------------
The U.S. Securities and Exchange Commission, on Thursday,
April 3, 2008, filed a civil action in the U.S. District Court
for the Southern District of New York against United Kingdom-
based hedge fund adviser Pentagon Capital Management PLC and its
Chief Executive Officer, Lewis Chester.  The complaint alleges
that PCM and Mr. Chester orchestrated a scheme to defraud mutual
funds in the United States and their shareholders through late
trading and deceptive market timing.  PCM's advisory client,
Pentagon Special Purpose Fund, Ltd., obtained approximately
US$62 million in illicit profits through this scheme, at the
expense of U.S. mutual funds and their shareholders.  The
Commission named the Pentagon Fund as a relief defendant.

The Commission's complaint names these defendants/relief
defendant:

    * PCM is an investment adviser based in London, England.
      PCM has provided investment advisory services to Pentagon
      Fund and its various feeder funds since at least 1999.

    * Mr. Chester, age 38, is a resident of London, England.
      Chester joined PCM in 1998 and has served as PCM's Chief
      Executive Officer since 1999.  During the relevant period,
      Mr. Chester served as one of the two portfolio managers
      for the Pentagon Fund, and he directed the market timing
      and late trading strategies.

    * Pentagon Fund is an international business company
      incorporated in the British Virgin Islands.  Pentagon Fund
      served as the master fund in a master-feeder fund
      structure.  The Pentagon Fund's feeder funds included
      Pentagon Global Opportunity Fund, Ltd., Pentagon
      Investment Capital International, Ltd., and Pentagon High
      Performance Fund, Ltd.

The Commission's complaint alleges the following.  From
approximately June 1999 through September 2003, PCM actively
traded U.S. mutual funds through Pentagon Fund's accounts at
numerous broker-dealers in the United States.  PCM and
Mr. Chester routinely engaged in late trading of U.S. mutual
funds.  PCM placed orders on behalf of the Pentagon Fund, to
buy, redeem, or exchange mutual fund shares after the 4:00 p.m.
Eastern Time market close while still receiving the current
day's mutual fund price.  This illegal practice enabled Pentagon
Fund to profit -- at the expense of other shareholders in the
U.S. mutual funds -- from market events that occurred after
4:00 p.m. ET, but that were not reflected in the price that
Pentagon Fund paid for the mutual fund shares.

PCM and Mr. Chester also used deceptive techniques to market
time U.S. mutual funds.  For example, PCM opened numerous
accounts for the Pentagon Fund at various U.S. broker-dealers,
and split Pentagon Fund trades among these multiple accounts to
hide the extent of the Pentagon Fund's trading from mutual fund
companies.  PCM also used multiple accounts so that when a U.S.
mutual fund detected market timing and informed the Pentagon
Fund to stop, PCM would simply transfer funds to a new Pentagon
Fund brokerage account that the U.S. mutual fund was unaware of,
and Pentagon Fund would then resume market timing the same
mutual fund.

PCM, Chester, and the Pentagon Fund benefited from this late
trading and deceptive market timing scheme at the expense of the
U.S. mutual funds and their shareholders.  Pentagon Fund earned
illicit profits of approximately US$62 million.  PCM and Chester
obtained ill-gotten gains, including performance and management
fees for managing the Pentagon Fund.

As a result of this conduct, PCM and Chester violated Section
17(a) of the Securities Act of 1933, and violated, or aided and
abetted violations of, Section 10(b) of the Securities Exchange
Act of 1934, and Rule 10b-5.  The complaint seeks as relief a
final judgment:

   (i) permanently enjoining PCM and Chester;

  (ii) ordering PCM, Chester, and the Pentagon Fund to disgorge
       their ill-gotten gains and to pay prejudgment interest;
       and

(iii) imposing civil money penalties against PCM and Chester.

As previously reported in the TCR-Europe on April 3, 2008,
PCM confirmed it is to close its hedge funds in the face of
tough operating conditions.

Pentagon Sterling Multi-Strategy Fund, Ltd., Pentagon
Investment Capital International, Ltd. and Pentagon High
Performance Fund, Ltd. announced on March 25, 2008, that it had
suspended all subscriptions, redemptions and switches into an
out of the funds, and the calculation of net asset value.

Headquartered in London, England, Pentagon Capital Management
PLC -- http://www.pentagoncapital.com/-- is a private company
whose principal activity is providing independent financial
advisors and fund managers for a variety of regulated and
unregulated investment funds.


PLASTMO LTD: Bank of Scotland Appoints KPMG as Receivers
--------------------------------------------------------
Bank of Scotland appointed Allan Watson Graham and Richard James
Philpott of KPMG LLP joint administrative receivers of Plastmo
Ltd. (Company Number 04666923) and Plastmo Profiles Ltd.
(Company Number 01777301) on March 29, 2008.

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

The company can be reached at:

          Plastmo Ltd.
          Lower Farm Road
          Northampton
          Northamptonshire
          NN3 6XF
          England
          Tel: 01604 790 780
          Fax: 01604 790 110


PLEASURETIME LTD: Duncan R. Beat Leads Liquidation Procedure
------------------------------------------------------------
Duncan R. Beat of Tenon Recovery was appointed liquidator of
Pleasuretime Ltd. on March 27 for the creditors' voluntary
winding-up procedure.

The liquidator can be reached at:

         Tenon Recovery
         75 Springfield Road
         Chelmsford
         Essex
         CM2 6JB
         England


PROSECURE PROJECTS: Claims Filing Period Ends June 30
-----------------------------------------------------
Creditors of Prosecure Projects Ltd. (t/a Wedgewood Homes) have
until June 30, 2008 to send their full names, addresses and
descriptions, full particulars of their debts or claims, and the
names and addresses of their solicitors (if any) to:

         David Elliott
         Liquidator
         Moore Stephens LLP
         Victory House
         Admiralty Place
         Chatham Maritime
         Kent
         ME4 4QU
         England

David Elliott of Moore Stephens LLP was appointed liquidator of
the company on March 28 for the creditors' voluntary winding-up
proceeding.


PURE FILTERS: Names Joint Administrators from KPMG
--------------------------------------------------
Paul Andrew Flint and Brian Green of KPMG LLP were appointed
joint administrators of Pure Filters Ltd. (Company Number
04986122) on March 28, 2008.

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

The company can be reached at:

          Pure Filters Ltd.
          Unite 1 2
          Alma Industrial Estate
          Regent Street
          Rochdale
          Lancashire
          OL12 0HQ
          England
          Tel: 01706 642 823
          Fax: 01706 642 537


TAYLOR PRODUCE: Calls In Liquidator from Mazars
-----------------------------------------------
Philip Michael Lyon of Mazars LLP was appointed liquidator of
Taylor Produce Ltd. (t/a Fresh-Weigh) on March 26 for the
creditors' voluntary winding-up procedure.

The liquidator can be reached at:

         Mazars LLP
         Cartwright House
         Tottle Road
         Nottingham
         NG2 1RT
         England


TEXOL TECHNICAL: Symphony Equity Acquires Firm for GBP3 Million
---------------------------------------------------------------
Symphony Equity Investment Syndicate has acquired Texol
Technical Solutions Plc for over GPB3 million, The Scotsman
reports.

As previously reported in the TCR-Europe, Texol went into
administration after a period of poor trading with around 150
employees losing their jobs.

"We are clearly delighted to have secured over sixty jobs at
Texol and are quietly confident that we can provide them with a
stable platform for the steady future development of the
company," Ian Mackay of Symphony was quoted by the Scotsman as
saying.

Based in Dundee, Scotland, Texol Technical Solutions plc --
http://www.texol.co.uk/-- carries out electronics work, metal
fabrication and develops gas generators.  The company's products
include Midgeater and Mosquitoeater.


YOUNGSTERS LTD: Barclays Bank Taps KPMG as Joint Receivers
----------------------------------------------------------
Barclays Bank Plc appointed David John Crawshaw and Richard John
Hill of KPMG LLP joint administrative receivers of Youngsters
Ltd. (Company Number 00788012) on April 1, 2008.

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

The company can be reached at:

          Youngsters Ltd.
          c/o KPMG LLP
          Arlington Business Park
          Theale
          Reading
          RG7 4SD
          England


* Large Companies with Insolvent Balance Sheet
----------------------------------------------
                                Shareholders    Total   Working
                                    Equity      Assets   Capital
                          Ticker    (US$MM)    (US$MM)   (US$MM)
                          ------ -----------  -------   --------

AUSTRIA
-------
Libro AG                            (111)         174     (182)
Rhi AG                               (85)       1,573      210


BELGIUM
-------
Sabena S.A.                          (86)       2,215     (297)


CYPRUS
------
Cyprus Airways            CAIR       (30)         262      (97)


CZECH REPUBLIC
--------------
Ceskomoravska Kolben &
   Danek Praha Holding               (89)         192   (2,186)


DENMARK
-------
Elite Shipping                       (28)         101       19

FRANCE
------
Arbel                     ARB       (150)         138      (96)
Banque Nationale
   de Paris Guyane        BNPG       (41)         352      N.A.
BSN Glasspack                       (101)       1,151      179
Charbo De France                  (3,872)       4,738   (2,868)
Euro Computer System                (110)         682      377
Grande Paroisse S.A.                (927)         629      330
Immob Hoteliere                      (67)         301      (13)
Matussiere et Forest S.A. MTF        (78)         294      (28)
Outremer Telecom          OMT        (33)         229      (88)
Pagesjaunes GRP           PAJ     (2,718)       1,121     (291)
Pneumatiques Kleber S.A.             (34)         480      139
SDR Centrest                        (132)         252      N.A.
SDR Picardie                        (135)         413      N.A.
Soderag                               (3)         404      N.A.
Sofal S.A.                          (305)       6,619      N.A.
Spie-Batignolles                     (16)       5,281       75
Selcodis S.A.             SPVX        (9)         134      (26)
Trouvay Cauvin                        (0)         134       10
Usines Chausson                      (23)         249       35


GERMANY
-------
Babcock Borsig            BBX      (1608)         137   (1,309)
CBB Holding AG            COB        (43)         905      N.A.
Cinemaxx AG               MXC        (27)         177      (30)
Dortmunder
   Actien-Brauerei        DABG       (13)         118      (29)
EM.TV AG                  EV4G.BE    (22)         849       15
F.A. Guenther & Son AG    GUSG       (10)         111      N.A.
Kabel Deutschland                 (1,199)       2,280     (306)
Kaufring AG               KAUG       (19)         151      (51)
Maternus Kliniken AG      MAK.F       (4)         201      (20)
Nordsee AG                            (8)         195      (31)
Schaltbau Hold            SLTG       (13)         185        3
SinnLeffers AG            WHGG        (4)         454     (145)
Spar Handels- AG          SPAG      (442)       1,433     (234)

GREECE
------
Radio A.Korassidis        KORA      (101)         181     (139)
   Commercial

ICELAND
-------
Decode Genetics Inc.      DCGN      (55)         216      146

IRELAND
-------
Elan Corp PLC             ELN      (235)       1,781       459
Waterford Wed Ut          WTFU     (145)         897       208


ITALY
-----
A.S. Roma S.p.A.          ASR        (12)         188      (49)
Binda S.p.A.              BND        (11)         129      (20)
Cirio Finanziaria S.p.A.            (422)       1,583     (396)
Gruppo Coin S.p.A.        GC        (154)         801      (50)
Compagnia Italia          ICT       (138)         527     (235)
Credito Fondiario
   e Industriale S.p.A.             (200)       4,218      N.A.
Finpart S.p.A.                      (152)         732     (322)
I Viaggi del
   Ventaglio S.p.A.       VVE        (64)         529      (88)
Lazio S.p.A.              SSL        (32)         254      (33)
Olcese S.p.A.             OLCI.MI    (13)         180      (64)
Parmalat Finanziaria
   S.p.A.                        (18,419)       4,121  (12,481)
Snia S.p.A.               SN         (39)         275       36
Technodiffusione
   Italia S.p.A.          TDIFF.PK   (90)         152      (24)


NETHERLANDS
-----------
Baan Company N.V.         BAAN        (8)         610       46
United Pan-Euro Air       UPC     (5,266)       5,180   (8,730)


NORWAY
------
Petroleum-Geo Services    PGO        (32)       2,963   (5,250)


ROMANIA
-------
Rafo Onesti               RAF       (354)         475   (1,421)


RUSSIA
------
East Siberia Brd          VSNK       (79)         107     (278)
Omskij Kauchu             OMKA        (4)         125   (1,794)
OAO Samaraneftegas                  (332)         892  (16,942)
Vimpel Ship               SOVP       (93)         281     (420)
Zil Auto                  ZILLP     (178)         425  (10,597)


SPAIN
-----
Altos Hornos de
   Vizcaya S.A.                     (116)       1,283     (278)
Santana Motor S.A.                   (46)         223       41


TURKEY
------
Nergis Holding                       (24)         125       26
Turk Tuborg              TBORG        (1)         153     (109)
Yasarbank                           (948)         623      N.A.


UKRAINE
-------
Dniprooblenergo           DNON       (40)         477     (807)
Donetskoblenergo          DOON      (286)         597   (1,991)


UNITED KINGDOM
--------------
Abbott Mead Vickers                   (2)         168      (16)
Alldays Plc                         (120)         252     (202)
Amey Plc                  AMY        (49)         932      (47)
Atkins (WS) Plc           ATK       (150)       1,390       62
Bagleys Investment                  (247)       1,094     (126)
BCH Group Plc             BCH         (6)         188      (44)
Blenheim Group            BEH       (153)         198      (34)
Booker Plc                BKRUY      (60)       1,298       (8)
Bradstock Group           BDK         (2)         269        5
Brent Walker Group        BWL     (1,774)         867   (1,157)
British Energy Ltd                (5,823)       4,921      290
British Energy Plc        BGY     (5,823)       4,921      434
British Nuclear
   Fuels Plc                      (4,248)      40,326      977
Carlisle Group                       (12)         204       15
Compass Group             CPG       (668)       2,972     (298)
Dowson Holding            DWN        (18)         226       31
Dignity Plc               DTY         (9)         648       35
Easybroker PLC                        (1)         287       (1)
Easynet Group             ESY.L      (45)         323       38
Electrical and Music
   Industries Group       EMI     (2,266)       2,950     (296)
Evans Healthcare                     (86)         239     (144)
Global Green Tech Group             (156)         408      (18)
Heath Lambert
   Fenchurch Group Plc               (10)       4,109      (10)
HMV Group Plc             HMV        (26)       1,273     (277)
Imperial Chemical
   Industries Plc         ICI       (370)       8,393        2
Invensys PLC                        (276)       3,914      357
Jarvis Plc                JRVS.L     (28)         370      (22)
Ladbrokes Plc             LAD       (894)       2,139     (356)
Lambert Fenchurch Group               (1)       1,827        3
London Stock Exchange     LSE       (689)         526     (195)
M 2003 Plc                        (2,204)       7,205     (756)
Misys Plc                 MSY         (7)       1,123     (131)
Mytravel Group            MT.L      (380)       1,818     (488)
New Star Asset                      (418)         368       17
Next Plc                            (157)       3,235      (63)
Orange Plc                ORNGF     (594)       2,902        7
Pii Group Ltd                        (84)         236      (47)
Rank Group Plc                       (26)       1,209      (87)
Regus Plc                            (46)         367      (60)
Saatchi & Saatchi         SSI       (119)         705      (41)
SFI Group                 SUF       (108)         178     (162)
Skyepharma PLC            SKP        (95)         211        2
Spirit Group                         (75)         365      (56)
Telereal Security                    (35)       3,418     1,948
Telewest
   Communications Plc     TLWT    (3,702)       7,581   (5,631)
Trio Finance              TRIO       (14)         592      N.A.
Unilever U.K. Cent.               (1,170)       4,509       82
Upperpoint Manufac.                  (10)         280      (10)
Webley Stadium                       (55)       1,561      (45)
Wincanton Plc             WIN        (27)       1,451      (78)

                            *********

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/booksto 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.  Jason Nieva, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Pius Xerxes
Tovilla and Marites Claro, Editors.

Copyright 2008.  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.


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