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        T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

              Monday, May 5, 2008, Vol. 9, No. 88

                            Headlines


A U S T R I A

ALGORITHMS EDV-SOFTWARE: Claims Registration Period Ends June 12
BIOMASSE-GEWINNUNG: Creditors' Meeting Slated for May 7
DELTA WOHN: Claims Registration Period Ends June 2
DEMIL LLC: Claims Registration Period Ends June 5
ING. ERNST DURST: Creditors' Meeting Slated for May 13

MD PROJEKTENTWICKLUNGS: Claims Registration Period Ends June 2


F I N L A N D

NVIDIA CORP: Court Rejects Trustee's Claim for US$100 Million


F R A N C E

DMC DOLLFUS: Reports Liquidity Problems to Paris Court
IXIS CIB: Moody's Cuts Rating on EUR10 Million Notes to Ba1


G E R M A N Y

A3M AG: Claims Registration Period Ends May 14
ACROM FACHBETRIEBE: Claims Registration Ends May 26
AEE GMBH: Claims Registration Ends May 26
CREDITHYP GMBH: Claims Registration Period Ends May 23
ECOMIT SERVICE: Claims Registration Period Ends May 23

HARZ & HEIDE: Claims Registration Period Ends May 23
IKB DEUTSCHE: Posts EUR965.1MM Loss for 1st Half Ended Sept. 30
ITOC AG: Claims Registration Period Ends May 16
LEAR CORPORATION: Earns US$78.2 Million for Q1 Ended March 29
LEAR CORP: Annual Stockholders Meeting to be Held Thursday

MALIBU DREAM: Claims Registration Ends May 26
METALLTECHNIK PERR: Creditors' Meeting Slated for June 12
RATSHOF GMBH: Claims Registration Ends May 23
RIO FASHION: Claims Registration Period Ends May 23
RW-BAU-IDEE-IMMOBILIEN: Claims Registration Period Ends May 23

SLT GMBH: Claims Registration Period Ends May 23
STRATEG GMBH: Claims Registration Period Ends May 21
VB-EDELSTAHLDESIGN: Claims Registration Period Ends May 23
WESTLB AG: Alexander Stuhlmann Quits as Managing Board Chairman
WOHNBAU-DESIGN: Claims Registration Period Ends May 23


I R E L A N D

STANTON VINTAGE: S&P Cuts Ratings on Two Note Classes to Low-B


I T A L Y

PARMALAT SPA: Settles U.S. Shareholders' Class Action
TISCALI SPA: Repurchases 2.6 Million Shares for EUR6.2 Million


K Y R G Y Z S T A N

ENGINEERING SERVICE: Creditors Must File Claims by June 25


N E T H E R L A N D S

NIELSEN CO: Good Performance Prompts S&P's Positive Outlook


R O M A N I A

FORD MOTOR: EC Allows EUR143-Mln State Aid to Romanian Plants


R U S S I A

EAR CJSC: Creditors Must File Claims by June 26
EXPORT-INSTRUMENT OJSC: Creditors Must File Claims by June 26
KAZANORGSINTEZ: S&P Puts B- Corp. Credit Rating on Watch Neg.
NEMO CJSC: Creditors Must File Claims by June 26
OKA OJSC: Tambov Court Names A. Bezborodov as Insolvency Manager

PROJECT-DESIGN LLC: Creditors Must File Claims by June 26


S W I T Z E R L A N D

DIMENO JSC: Luzern Court Starts Bankruptcy Proceedings
GELOG JSC: Creditors' Liquidation Claims Due on May 24
KILLER HANDEL: Creditors' Liquidation Claims Due by May 18
MASAI CONSULTING: Creditors' Proofs of Claim Due by May 30
MASAI LOGISTICS: Creditors' Liquidation Claims Due by May 30

MASAI SOURCING: Creditors' Claims Filing Deadline is May 30
RATIO BAU: Proofs of Claim Filing Deadline Set for May 16
SWISS HANDEL: Aargau Court Commences Bankruptcy Proceedings
WYSER ELEKTRONIK: Creditors Must File Proofs of Claims by May 15


U K R A I N E

AGROIMEKS LLC: Creditors Must File Claims by May 14
ANTICOR-SOUTH LLC: Creditors Must File Claims by May 15
BEREG LLC: Creditors Must File Claims by May 15
DNIEPROPETROVSK REPAIR: Proofs of Claim Deadline Set May 15
GALICHINA LLC: Creditors Must File Claims by May 14

KALINA LLC: Creditors Must File Claims by May 14
MALIYE YERCHIKI: Creditors Must File Claims by May 15
MEGAPOLIS INVEST: Creditors Must File Claims by May 15
MIR LLC: Creditors Must File Claims by May 14
SINKOV AGRICULTURAL: Creditors Must File Claims by May 14

TON LLC: Creditors Must File Claims by May 15
UKRAINIAN AGRICULTURAL: Creditors Must File Claims by May 14


U N I T E D   K I N G D O M

AMPEX CORPORATION: Shareholder Wants Equity Committee Appointed
ARRAN CORPORATE: Moody's Puts Rating On Review & May Upgrade
BATH BLIND: Taps Liquidators from BDO Stoy Hayward
CASTLE HOLDCO 4: Moody's Cuts Corporate Family Rating to Caa1
CHROME FUNDING: Moody's Cuts Rating to Low-B on Two Note Classes

CLARIS LTD V: Moody's Cuts Ratings on Four Note Classes to Low-B
GRANVILLE ASSOCIATES: Enters Into Administration
HOWARD CONSTRUCTION: Calls In Liquidator from Vantis
INTERIOR SOLUTIONS: Brings In Liquidators from Tenon Recovery
LEEDS UNITED: Football Panel Rejects Appeal Over Point Deduction

OSSIAN GROUP: Confirms Sale of Internacional Fashion Chain
SMOBY UK: Appoints Liquidator from Mazars
SOUND CONTROL: Appoints Deloitte & Touche as Administrators
TINDALE AND STANTON: Workers Uncertain on Jobs
WAINFLEET MOTOR: Claims Filing Period Ends June 6

ZIFF DAVIS: Disclosure Statement Gets Court Approval

* Insolvency Service Releases 1Q 2008 Insolvency Statistics
* BoE Report Warns Pickup in Defaults Amid Tight Credit Market
* BOND PRICING: For the Week April 28 to May 2, 2008


                            *********


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


ALGORITHMS EDV-SOFTWARE: Claims Registration Period Ends June 12
----------------------------------------------------------------
Creditors owed money by LLC ALGORITHMS EDV-SOFTWARE (FN 48940x)
have until June 12, 2008, to file written proofs of claim to
court-appointed estate administrator Christian Bachmann at:

          Dr. Christian Bachmann
          c/o Dr. Eva-Maria Bachmann-Lang
          Opernring 8
          1010 Vienna
          Austria
          Tel: 512 87 01-Serie
          Fax: 513 82 50
          E-mail: bachmann.rae@aon.at    

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:15 a.m. on June 26, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1703
          17th Floor
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on April 14, 2008 (Bankr. Case No. 5 S 32/08b).  Eva-Maria
Bachmann-Lang represents Dr. Bachmann in the bankruptcy
proceedings.


BIOMASSE-GEWINNUNG: Creditors' Meeting Slated for May 7
-------------------------------------------------------
Creditors owed money by LLC Biomasse-Gewinnung (FN 278132v) are
encouraged to attend the first creditors' meeting at 11:15 a.m.
on May 7, 2008.

The creditors' meeting will be held at:

          The Land Court of Leoben
          Hall IV
          First Floor
          Leoben
          Austria

The Court will also examine the claims at 10:00 a.m. on June 18,
2008, at the same venue.

Creditors have until May 31, 2008, to file written proofs of
claim to court-appointed estate administrator Heinz Pichler at:

          Dr. Heinz Pichler
          Burggasse 61
          8750 Judenburg
          Austria
          Tel: 03572-82362
          Fax: 03572-82372-19
          E-mail: kanzlei-j@pichler-schuetz.at  

Headquartered in Niklasdorf, Austria, the Debtor declared
bankruptcy on April 14, 2008 (17 S 16/08h).


DELTA WOHN: Claims Registration Period Ends June 2
--------------------------------------------------
Creditors owed money by LLC DELTA Wohn- und Gewerbebau  (FN
97327d) have until June 2, 2008, to file written proofs of claim
to court-appointed estate administrator Roland Heitzinger at:

          Dr. Roland Heitzinger
          Ringstrasse 4/Plobergerstr.7
          4600 Wels
          Austria
          Tel: 07242/42605-0
          Fax: 07242/42605-20
          E-mail: heitzinger@ra-stossier.at  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:20 a.m. on June 12, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Land Court of Wels
          Hall 101
          First Floor
          Maria Theresia Str. 12
          Wels
          Austria

Headquartered in Wels, Austria, the Debtor declared bankruptcy
on April 14, 2008 (Bankr. Case No. 20 S 48/08x).  


DEMIL LLC: Claims Registration Period Ends June 5
-------------------------------------------------
Creditors owed money by LLC DEMIL (FN 283325f) have until
June 5, 2008, to file written proofs of claim to court-appointed
estate administrator Eva Riess at:

          Dr. Eva Riess
          c/o Dr. Leopold Riess
          Zeltgasse 3
          1080 Vienna
          Austria
          Tel: 402 57 01
          Fax: 402 57 01 21
          E-mail: law@riess.co.at    

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:45 a.m. on June 19, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1703
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on April 11, 2008 (Bankr. Case No. 5 S 30/08h).  Leopold Riess
represents Dr. Riess in the bankruptcy proceedings.


ING. ERNST DURST: Creditors' Meeting Slated for May 13
------------------------------------------------------
Creditors owed money by LLC Ing. Ernst Durst (FN 90218z) are
encouraged to attend the creditors' meeting at 9:10 a.m. on
May 13, 2008.

The creditors' meeting will be held at:

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

Headquartered in Waidhofen an der Ybbs, Austria, the Debtor
declared bankruptcy on April 11, 2008 (14 S 51/08b). Christine
Riess serves as the court-appointed estate administrator of the
bankrupt's estate.

The estate administrator can be reached at:

          Dr. Christine Riess  
          Kapuzinergasse 9
          3340 Waidhofen/Ybbs
          Austria
          Tel: 07442/52 22 60
          Fax: 07442/52 22 66
          E-mail: kanzlei@rb-anwalt.at  


MD PROJEKTENTWICKLUNGS: Claims Registration Period Ends June 2
--------------------------------------------------------------
Creditors owed money by  LLC MD PROJEKTENTWICKLUNGS- UND WOHN
BAU (FN 199286v) have until June 2, 2008, to file written proofs
of claim to court-appointed estate administrator Edmund Roehlich
at:

          Dr. Edmund Roehlich
          c/o Mag. Birgit Linder
          Am Heumarkt 9/I/11
          1030 Vienna
          Austria
          Tel: 713 46 51
          Fax: 713 84 35
          E-mail: proksch@eurojuris.at  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on June 16, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1705
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on April 14, 2008 (Bankr. Case No. 3 S 37/08y).  Birgit Linder
represents Dr. Roelich in the bankruptcy proceedings.


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


NVIDIA CORP: Court Rejects Trustee's Claim for US$100 Million
-------------------------------------------------------------
NVIDIA Corporation said Friday that the United States Bankruptcy
Court for the Northern District of California issued its
Memorandum Decision After Trial in the 3dfx bankruptcy action.

In the Decision, the Court found in favor of NVIDIA on all
issues and rejected the Trustee's attempts to obtain damages
from NVIDIA in excess of US$100 million.  The Trustee's lawsuit
arose from NVIDIA's 2001 acquisition of certain assets of its
former competitor, 3dfx Interactive, Inc.  Specifically, the
Trustee claimed that NVIDIA did not pay fair value for the
assets it acquired in the transaction, thereby allegedly harming
3dfx's creditors.

"A trial was necessary to fully demonstrate that we conducted
ourselves appropriately in the acquisition and we are very
pleased with the Decision from the Court.  The Decision is
comprehensive, thorough, well-reasoned, and a complete rejection
of the Trustee's legal and factual arguments," said David
Shannon, NVIDIA's senior vice president and general counsel.

The Court expressly found that "the Trustee's valuation theory
-- every way it is articulated -- is simply not credible," and
concluded that "the creditors of 3dfx were not injured by the
Transaction."

"We will continue to fight this matter through any and all
appeals," said Mr. Shannon.

                           About NVIDIA

Headquartered in Santa Clara, California, NVIDIA Corp. (Nasdaq:
NVDA) -- http://www.nvidia.com/-- is in the business of visual  
computing technologies and invented the GPU, a high-performance
processor which generates breathtaking, interactive graphics on
workstations, personal computers, game consoles, and mobile
devices.  NVIDIA serves the entertainment and consumer market
with its GeForce(R) products, the professional design and
visualization market with its Quadro(R) products, and the high-
performance computing market with its Tesla(TM) products.  
Outside the U.S., the company has subsidiaries  in these
countries; Canada, Cayman Islands, Singapore, Australia, the
United Kingdom, Germany, Hong Kong, Japan, Mauritius, India,  
China, British Virgin Islands, Finland and Netherlands.

                       *     *     *
       
The company carries Standard & Poor's Ratings Services BB-
corporate credit rating.


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


DMC DOLLFUS: Reports Liquidity Problems to Paris Court
------------------------------------------------------
DMC Dollfus Mieg et Cie, on April 29, 2008, notified its Central
Works Councils that several Group companies (DMC SA, DMC Tissus
and Loisirs & Creation) were experiencing liquidity problems.

These problems are attributable to the persistent deterioration
of the economic conditions that affect the Group's activities,
including the continued decline of the U.S. dollar, consumption
that has been falling since early 2008 and an increased inflow
of products from Asia.

"The Group is facing major liquidity problems, and appearing
before the Commercial Court is the only solution available to us
to provide the various Group companies with the resources they
need to have a fighting chance," François Demoulin, Chairman of
the Executive Board of DMC, stated.

The Group therefore decided to refer the matter to the
Commercial Court of the City of Paris on Wednesday, April 30,
and report on the liquidity problems its various companies are
experiencing.  The Court will decide which procedures are to
be followed to identify the best and most appropriate solutions
to the problems the Group is facing.

The Court may convene a hearing in early May.

On April 24, 2008, the Group disclosed that it plans to
undertake significant restructuring measures in the near term.

As a result, Euronext has agreed to suspend trading in DMC
shares.

This development will delay the schedule previously announced
for the release of the Group's 2007 financial statements.

According to the Financial Times, DMC is seeking bankruptcy
protection from creditors.

Headquartered in Paris, France, DMC Dollfus Mieg et Cie --
http://www.dmc.com/-- focuses on three core businesses:  
sportswear fabrics under the Saic Velcorex brand, DMC creative
world and creative-leisure activities.  The sportswear division
is active in Europe and in the United States and produces
corduroy and cotton fabric suitable for the sportswear and
leisure clothing industry.  DMC creative world specializes in
embroidery and offers various types of needle art threads. The
creative-leisure activities division operates a chain of 21
stores in France under the name Loisirs & Creation.  It offers
materials and accessories for handcrafts activities, including
needle art, beadwork, fine arts, interior decoration, card-
making and children's activities.  


IXIS CIB: Moody's Cuts Rating on EUR10 Million Notes to Ba1
-----------------------------------------------------------
Moody's Investors Service downgraded 6 tranches of Series Must
50/5 notes issued out of Chrome Funding Limited and one related
series of notes issued by IXIS Corporate and Investment Bank.
All notes reference the same portfolio.  Must 50/5 is a
resecuritization of corporate CDOs and ABSs with no exposure to
downgraded subprime RMBS.

The downgrade is in response to deterioration in the average
credit quality of the underlying collateral, driven primarily by
negative rating migration in the corporate portfolios underlying
the CDOs.

These rating actions are:

Issuer: Chrome Funding Limited

    * EUR53,750,000 Secured Credit-linked Floating Rate Class
      A2-A Notes due 2009 issued under Series MUST 50/5

   -- Current rating: A1
   -- Prior rating: Aa3, under review for downgrade

    * EUR15,000,000 Secured Credit-linked Floating Rate Class
      A2-B Notes due 2009 issued under Series MUST 50/5

   -- Current rating: A1
   -- Prior rating: Aa3, under review for downgrade

    * EUR22,000,000 Secured Credit-linked Floating Rate Class B
      Notes due 2009 issued under Series MUST 50/5

   -- Current rating: Baa1
   -- Prior rating: A2, under review for downgrade

    * EUR13,750,000 Secured Credit-linked Floating Rate Class C1
      Notes due 2009 issued under Series MUST 50/5

   -- Current rating: Baa3
   -- Prior rating: Baa2, under review for downgrade

    * EUR3,750,000 Secured Credit-linked Floating Rate Class C2
      Notes due 2009 issued under Series MUST 50/5

   -- Current rating: Ba1
   -- Prior rating: Baa2, under review for downgrade

    * EUR13,750,000 Secured Credit-linked Floating Rate Class D
      Notes due 2009 issued under Series MUST 50/5

   -- Current rating: Ba3
   -- Prior rating: Ba1, under review for downgrade

Issuer: IXIS Corporate and Investment Bank

    * EUR10,000,000 Secured Credit-linked Floating Rate Class C2
      MUST 50/5 Notes due 2009 issued under Series 1388

   -- Current rating: Ba1
   -- Prior rating: Baa2, under review for downgrade


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


A3M AG: Claims Registration Period Ends May 14
----------------------------------------------
Creditors of A3M AG have until May 14, 2008, to register their
claims with court-appointed insolvency manager Klaus-Peter
Krueger.

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 Tuebingen
          Hall 1.01
          Ground Floor
          Aussenstelle
          Schulberg 14
          72074 Tuebingen
          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:

          Klaus-Peter Krueger
          Kaiserstr. 56
          72764 Reutlingen
          Germany
          Tel: 07121/9725512
          Fax: 07121/9725522

The District Court of Tuebingen opened bankruptcy proceedings
against A3M AG on April 17, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

          A3M AG
          Hintere Grabenstr. 30
          72070 Tuebingen
          Germany


ACROM FACHBETRIEBE: Claims Registration Ends May 26
---------------------------------------------------
Creditors of Acrom Fachbetriebe fuer analoge & digitale
Bildbearbeitung GmbH have until May 26, 2008 to register their
claims with court-appointed insolvency manager Rolf G. Pohlmann.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on July 7, 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 Munich
         Meeting Hall 102
         Infanteriestr. 5
         80097 Munich
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Rolf G. Pohlmann
         Rosental 6
         80331 Muenchen
         Germany
         Tel: (089)548033-0
         Fax: (089)548033-111

The District Court of Munich opened bankruptcy proceedings
against Acrom Fachbetriebe fuer analoge & digitale
Bildbearbeitung GmbH on April 7, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Acrom Fachbetriebe fuer analoge &
         digitale Bildbearbeitung GmbH
         Hirtenstr. 26
         80335 Munich
         Germany


AEE GMBH: Claims Registration Ends May 26
-----------------------------------------
Creditors of aee GmbH have until May 26, 2008 to register their
claims with court-appointed insolvency manager Ottmar Hermann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on June 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 Offenbach am Main
         Hall 162N
         First Floor
         Kaiserstrasse 16-18
         63065 Offenbach am Main
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Ottmar Hermann
         Bleichstrasse 2-4, D
         60313 Frankfurt am Main
         Germany
         Tel: 069/9130920
         Fax: 069/91309230

The District Court of Offenbach am Main opened bankruptcy
proceedings against aee GmbH on March 12, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         aee GmbH
         Hauptstrasse 70
         63303 Dreieich
         Germany

         Attn: Siegfried-Johann Hoecht, Manager
         2C rue de la Paix
         67160 Wissembourg
         France


CREDITHYP GMBH: Claims Registration Period Ends May 23
------------------------------------------------------
Creditors of CreditHyp GmbH have until May 23, 2008, to register
their claims with court-appointed insolvency manager Sabine
Aldermann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on June 20, 2008, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

          The District Court of Dortmund
          Hall 3.201
          Second Floor
          Gerichtsplatz 1
          44135 Dortmund
          Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

          Dr. Sabine Aldermann
          Landgrafenstr. 2 a
          44139 Dortmund
          Germany

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

The Debtor can be reached at:

          CreditHyp GmbH
          Attn: Jens Fritz Wolpers, Manager
          Schleefstr. 2 e
          44287 Dortmund
          Germany


ECOMIT SERVICE: Claims Registration Period Ends May 23
------------------------------------------------------
Creditors of EComIT Service GmbH have until May 23, 2008, to
register their claims with court-appointed insolvency manager
Klaus Knetter.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on June 13, 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 Paderborn
          Meeting Hall 230a
          Second Floor
          Bogen 2-4
          33098 Paderborn
          Germany
       
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

          Klaus Knetter
          Otto-Brenner-Strasse 186
          33604 Bielefeld
          Germany
          Tel: 052196623300
          Fax: 052196623310

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

The Debtor can be reached at:

          EComIT Service GmbH
          Wollmarktstr. 121
          33098 Paderborn
          Germany


HARZ & HEIDE: Claims Registration Period Ends May 23
----------------------------------------------------
Creditors of Harz & Heide Garten- und Landschaftsbau GmbH have
until May 23, 2008, to register their claims with court-
appointed insolvency manager Torsten Gutmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on June 13, 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 Gifhorn
          Hall 118
          Schlossgarten 4
          38518 Gifhorn
          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:

          Torsten Gutmann
          Zum Blauen See 5
          31275 Lehrte
          Germany
          Tel: 05132/82680
          Fax: 05132/8268-96

The District Court of Gifhorn opened bankruptcy proceedings
against Harz & Heide Garten- und Landschaftsbau GmbH on April 1,
2008.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

          Harz & Heide Garten- und Landschaftsbau GmbH
          Gut Martinsbuettel 6a
          38527 Meine/Wedesbuettel
          Germany


IKB DEUTSCHE: Posts EUR965.1MM Loss for 1st Half Ended Sept. 30
---------------------------------------------------------------
IKB Deutsche Industriebank AG posted EUR965.1 million in
consolidated net loss for the first half ended Sept. 30, 2007,
compared with EUR89.3 million in consolidated net income for the
first half ended Sept. 30, 2006.

Despite the half year loss, IKB confirms its forecasted result
for the entire financial year 2007/2008 of EUR200 million.

As of Sept. 30, 2007, losses from obligations towards Havenrock
have largely been accounted for, while the additional support by
KfW and the banking pool, which was granted in November 2007,
has not yet been taken into account.

Revenues resulting from the valuation of liabilities, mainly
hybrid securities, have increased significantly since 30
September 2007.  The favorable valuation effect of compensation
out of future profits (Besserungsabrede) of EUR0.35 billion,
which is an element of KfW’s capital injection, has also
affected the results.

Overall, these effects significantly outweigh the increased
value adjustments of portfolio investments required since
Sept. 30, 2007.

                Core Business Affected by Crisis

In IKB's core business segments, Corporate Clients, Real Estate
Clients and Structured Finance, adjusting events as of have been
included in risk provisioning.  Thus, risk provisioning
increased significantly in all segments.

In the first six months of the financial year 2007/2008, the
Corporate Clients’ volume of new business rose to EUR2.6 billion
(EUR2.1 billion). The segment posted an operating loss of  EUR-
18 million (EUR42 million), due to negative valuation results of
Private Equity activities and significantly  increased
provisions for possible loan losses. Net interest income of the
operational business was on pre-year level.

In the segment Real Estate Clients new business volume increased
to EUR700 million (EUR400 million), due to European activities.  
However, corresponding administrative expenses and provisions
for possible loan losses also increased. The operating result
amounted to EUR3 million (EUR12 million).

The segment Structured Finance posted a negative operating
result of EUR10 million (EUR47 million) due to a doubling in
risk provisioning and necessary valuation adjustments on First
Loss Pieces of IKB’s own securitized credits.  At EUR3.1 billion
new business was down slightly compared to the previous record
year (EUR3.4 billion).

                           SME Business

The disbursements for the fiscal year 2007/08 -- April 1, 2007
to March 31, 2008) increased in the segment Corporate Clients to
EUR4.7 billion (EUR4.6 billion), even though IKB in recent
months had reduced on the level of new commitments.

New disbursements in the Real Estate Clients segment increased
to EUR1.4 billion (EUR1.3 billion).  After the exceptionally
strong results in the Structured Finance segment in FY 2006/07
(EUR5.3 billion), new disbursements for FY 2007/08 went down to
EUR3.8 billion due to market conditions.

                             Bidders

The sale of stakes of KfW Banking Group (45.5%) and Stiftung
Industrieforschung (10.7%) in IKB is proceeding according to
plan.

The data room for national and international bidders, who had
previously made indicative offers, has been open since 18 March
2008.

Bidders confirmed their substantial interest in acquiring IKB
during last week’s management presentations.  The bidders
recognized the bank’s value drivers and in particular IKB’s
focussed business model, the long-standing relationships with
mid-sized corporate clients (Mittelstand), the strong market
position and IKB’s experienced staff.  Further substantiated
offers have to be submitted by mid May 2008.

                       About IKB Deutsche

Headquartered in Dusseldorf, Germany, IKB Deutsche Industriebank
AG -- http://www.ikb.de/-- provides medium-sized companies with
long-term financing.  The bank operates in several German
locations, as well as branches in the United Kingdom,
Luxembourg, Spain and France.

IKB had previously invested in securitized loans on the US
market for subprime mortgages, which are now almost worthless.
This resulted in a deep-seated crisis within the bank, pushing
it on the brink of bankruptcy.

                         *     *     *

As reported in the TCR-Europe April 2, 2008, Moody's Investors
Service downgraded these ratings of IKB: bank financial strength
rating to E from E+.  The outlook on the BFSR is now stable
(previously developing); IKB's subordinated debt ratings were
downgraded to Ba2.  The outlook on is negative; IKB's short-term
ratings were downgraded to Prime-3; IKB's junior subordinated
securities were downgraded to Ca from Caa1.  Its hybrid capital
instruments eligible for Tier 1 capital (silent participations)
and the preferred securities of IKB Funding Trust I & II were
downgraded to Caa3 from Caa1.  All hybrid ratings now have a
stable outlook.


ITOC AG: Claims Registration Period Ends May 16
-----------------------------------------------
Creditors of iTOC AG have until May 16, 2008, to register their
claims with court-appointed insolvency manager Thomas Luger.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on July 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 Ludwigsburg
          Hall 2008
          Palace Schuetz
          Schorndorfer Str. 28
          Ludwigsburg
          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 Luger
          Olgastr. 54
          70182 Stuttgart
          Germany
          Tel: 0711/165530

The District Court of Ludwigsburg opened bankruptcy proceedings
against iTOC AG on April 21, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

          iTOC AG
          Gartenstr. 8
          71576 Burgstetten
          Germany


LEAR CORPORATION: Earns US$78.2 Million for Q1 Ended March 29
-------------------------------------------------------------
Lear Corp. posted US$78.2 million in consolidated net profit on
US$3.86 billion in consolidated net revenues for the first
quarter ended March 29, 2008, compared with US$49.9 million in
consolidated net profit on US$4.41 billion in consolidated net
revenues for the first quarter ended March 29, 2008.

The decline in net sales for the quarter reflects the
divestiture of the Interior business and lower industry
production in North America, due in part to the impact of a
strike at a major supplier, offset in part by favorable foreign
exchange and new business.

In the seating segment, net sales increased slightly driven by
favorable foreign exchange and the benefit of new business,
offset by lower industry production in North America.  Operating
margins improved slightly, reflecting favorable cost performance
and increased savings from restructuring actions, as well as the
timing of commercial settlements, largely offset by lower
industry production in North America.

In the electrical and electronic segment, net sales increased
slightly driven by favorable foreign exchange, partially offset
by lower industry production in North America.  Operating
margins improved, reflecting favorable operating performance,
including savings from restructuring actions and the net impact
of legal and commercial claims, partially offset by lower
industry production in North America.

In the first quarter of 2008, free cash flow was negative
US$31.4 million, compared with negative US$32.1 million in the
first quarter of 2007.

During the quarter, the Company implemented a global operating
structure for its two business units, naming Lou Salvatore,
President - Global Seating Systems, and Ray Scott, President -
Global Electrical and Electronic Systems.  This new structure is
consistent with the global strategies of the Company's major
customers, allows Lear to take full advantage of its global
scale, leverages Lear's worldwide engineering and product
development resources and enables Lear to access the lowest cost
manufacturing and sourcing available.

Lear continued to grow its sales outside of North America and
expand its low-cost footprint in Asia, including a new foam
plant in Wuhu, China and a new seat trim facility in Hai Phong,
Vietnam.  

"Although we are facing significant challenges in North America,
Lear's underlying operating fundamentals remain strong," said
Bob Rossiter, Lear Chairman, Chief Executive Officer and
President. "The Lear team remains very focused on delivering
outstanding quality and customer service to our customers.  At
the same time, we are putting in place a global operating
structure for our business units and taking aggressive actions
to improve our longer-term competitiveness."

                     Full-Year 2008 Outlook

Lear expects 2008 net sales of approximately US$15.5 billion,
compared with prior guidance of US$15.0 billion.  The increase
reflects the positive impact of foreign exchange, mainly the
strong Euro, partially offset by lower industry production in
North America.  Lear's 2008 earnings outlook remains unchanged,
reflecting favorable operating performance and foreign exchange,
offset by lower industry production in North America and
increasing commodity costs.

Lear anticipates 2008 income before interest, other expense,
income taxes, restructuring costs and other special items of
US$660 to US$700 million.  Restructuring costs in 2008 are
estimated to be about US$100 million.

Interest expense for 2008 is estimated between US$185 million
and US$195 million.  Pretax income before restructuring costs
and other special items is estimated in the range of US$430
million to US$470 million.  Tax expense is expected to be
approximately US$135 million, depending on the mix of earnings
by country.  

Capital spending in 2008 is estimated between US$255 million to
US$275 million.  Depreciation and amortization expense is
estimated at about US$300 million. Free cash flow is expected to
be solidly positive, at about US$250 million, for the year.

Key assumptions underlying Lear's financial outlook include
expectations for industry vehicle production of approximately
14.1 million units in North America compared with a prior
forecast of 14.4 million units.  In Europe, our forecast for
industry production is 20.2 million units.  Lear expects
production for the Domestic Three to be down about 10% in North
America, compared with a prior forecast of a 9% decline.  In
addition, we are assuming an exchange rate of US$1.52/Euro,
compared with a prior forecast of US$1.45/Euro.

As of Mach 29, 2008, Lear's unaudited consolidated balance sheet
showed US$8.28 billion in total assets and US$7.03 billion in
total liabilities, resulting in US$1.25 billion in shareholders'
equity.

                    About Lear Corporation

Based in Southfield, Michigan, Lear Corporation (NYSE:LEA) --
http://www.lear.com/-- supplies automotive interior systems,  
electrical distribution systems and related electronic products.  
The company has around 91,000 employees at 215 facilities in 35
countries.  Outside the United States, Lear has subsidiaries in
Germany, Luxembourg, Sweden, Singapore, China, India and Mexico,
among others.

                         *     *     *

As reported in the TCR-Europe on March 24, 2008, Standard &
Poor's Ratings Services placed the ratings on Lear Corp. on
CreditWatch with negative implications.  The company carries B+
Long-Term Foreign and Local Issuer Credit ratings from S&P.

As of March 4, 2008, Lear Corp. carries B2 Corporate Family,
Bank Loan Debt and Probability-of-Default ratings, and B3 Senio
Unsecured Debt rating from Moody's Investors Service, which said
the outlook is stable.


LEAR CORP: Annual Stockholders Meeting to be Held Thursday
----------------------------------------------------------
Lear Corp. Chief Executive Officer Robert E. Rossiter said that
the company will hold its 2008 Annual Meeting of Stockholders on
May 8, 2008, at 10:00 a.m. (Eastern Time).  The meeting will be
held at Lear Corporation’s Corporate Headquarters at 21557
Telegraph Road in Southfield, Michigan.

At the annual meetings, stockholders will be asked to:

      1. elect three directors;

      2. ratify the appointment of Ernst & Young LLP as the
         company’s independent registered public accounting firm
         for 2008;

      3. consider one stockholder proposal, if presented at the
         meeting; and

      4. conduct any other business properly brought before the
         meeting or any adjournments or postponements thereof.

Only stockholders of record at the close of business on
March 14, 2008 will be allowed to vote.

                    About Lear Corporation

Based in Southfield, Michigan, Lear Corporation (NYSE:LEA) --
http://www.lear.com/-- supplies automotive interior systems,  
electrical distribution systems and related electronic products.  
The company has around 91,000 employees at 215 facilities in 35
countries.  Outside the United States, Lear has subsidiaries in
Germany, Luxembourg, Sweden, Singapore, China, India and Mexico,
among others.

                         *     *     *

As reported in the TCR-Europe on March 24, 2008, Standard &
Poor's Ratings Services placed the ratings on Lear Corp. on
CreditWatch with negative implications.  The company carries B+
Long-Term Foreign and Local Issuer Credit ratings from S&P.

As of March 4, 2008, Lear Corp. carries B2 Corporate Family,
Bank Loan Debt and Probability-of-Default ratings, and B3 Senio
Unsecured Debt rating from Moody's Investors Service, which said
the outlook is stable.


MALIBU DREAM: Claims Registration Ends May 26
---------------------------------------------
Creditors of Malibu Dream GmbH have until May 26, 2008 to
register their claims with court-appointed insolvency manager
Christian Koehler-Ma.

Claims will be verified at 10:05 a.m. on July 21, 2008 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:

         Christian Koehler-Ma
         Kurfuerstendamm 26 a
         10719 Berlin
         Germany

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

The Debtor can be reached at:

         Malibu Dream GmbH
         Marzahner Promenade 55
         12679 Berlin
         Germany


METALLTECHNIK PERR: Creditors' Meeting Slated for June 12
---------------------------------------------------------
The court-appointed insolvency manager for Metalltechnik Perr
GmbH, Joachim Exner will present his first report on the
Company's insolvency proceedings at a creditors' meeting at
10:15 a.m. on June 12, 2008.

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

         The District Court of Ingolstadt
         Meeting Hall 28
         1st Floor
         Schrannenstr. 3
         85049 Ingolstadt
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 10:00 a.m. on July 10, 2008 at the same
venue.

Creditors have until May 26, 2008 to register their claims with
the court-appointed insolvency manager.

The insolvency manager can be reached at:

         Joachim Exner
         Stahlstrasse 17
         90411 Nuremberg
         Germany
         Tel: 0911/95 12 850
         Fax: 0911/95 12 8510

The District Court of Ingolstadt opened bankruptcy proceedings
against Metalltechnik Perr GmbH on April 1, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Metalltechnik Perr GmbH
         Burgwaldring 4
         86697 Oberhausen-Kreut
         Germany


RATSHOF GMBH: Claims Registration Ends May 23
---------------------------------------------
Creditors of Ratshof GmbH & Co. KG have until May 23, 2008 to
register their claims with court-appointed insolvency manager
Manfred Gottschalk.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on June 24, 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 Hagen
         Meeting Hall 252
         Second Floor
         Heinitzstrasse 42/44
         58097 Hagen
         Germany    
         
Creditors may constitute a creditors' committee or opt to
appoint a new insolvency manager.

The insolvency manager can be reached at:

         Manfred Gottschalk
         Kirchender Dorfweg 14
         58313 Herdecke
         Germany

The District Court of Hagen opened bankruptcy proceedings
against Ratshof GmbH & Co. KG on April 24, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Ratshof GmbH & Co. KG
         Alter Rathausplatz 9
         58636 Iserlohn
         Germany

         Attn: Dr. Hans-Martin Schuett, Manager
         Piepenstockstr. 1
         58636 Iserlohn
         Germany


RIO FASHION: Claims Registration Period Ends May 23
---------------------------------------------------
Creditors of RIO Fashion GmbH have until May 23, 2008, to
register their claims with court-appointed insolvency manager
Christian Adolf.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on June 25, 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 Hof
         Meeting Hall 012
         Ground Floor
         Berliner Platz 1
         95030 Hof
         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:

         Christian Adolf
         Ludwigstr. 50
         95028 Hof
         Germany
         Tel: 09281/8331080
         Fax: 09281/8331089

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

The Debtor can be reached at:

         RIO Fashion GmbH
         Marienstr. 4-6
         95111 Rehau
         Germany


RW-BAU-IDEE-IMMOBILIEN: Claims Registration Period Ends May 23
--------------------------------------------------------------
Creditors of RW-Bau-Idee-Immobilien GmbH have until May 23,
2008, to register their claims with court-appointed insolvency
manager Rasmus Reinhardt.

Creditors and other interested parties are encouraged to attend
the meeting at 2:10 p.m. on June 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 Rottweil
         Room 0.05
         Branch Office
         Koernerstr. 29
         Rottweil
         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:

         Rasmus Reinhardt
         Koenigstr. 16
         78628 Rottweil
         Germany
         Tel: 0741-174670
         Fax: 0741-1746725

The District Court of Rottweil opened bankruptcy proceedings
against RW-Bau-Idee-Immobilien GmbH on April 1, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         RW-Bau-Idee-Immobilien GmbH
         Attn: Reiner Woessner, Manager
         In den Graben 30/1
         72275 Alpirsbach-Reutin
         Germany


SLT GMBH: Claims Registration Period Ends May 23
------------------------------------------------
Creditors of SLT GmbH have until May 23, 2008, to register their
claims with court-appointed insolvency manager Ruediger
Wienberg.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on June 25, 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 Erfurt
         Hall 15
         Judicial Center
         Rudolfstr. 46
         99092 Erfurt
         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 Wienberg
          Peterstr. 1
          99084 Erfurt
          Germany

The District Court of Erfurt opened bankruptcy proceedings
against SLT GmbH on April 2, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         SLT GmbH
         Attn: Olaf Mueller, Manager
         Juri-Gagarin Ring 126c
         99084 Erfurt
         Germany


STRATEG GMBH: Claims Registration Period Ends May 21
----------------------------------------------------
Creditors of Strateg GmbH Gesellschaft fuer
Arbeitnehmerueberlassung have until May 21, 2008, to register
their claims with court-appointed insolvency manager Christopher
Seagon.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 2, 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 Karlsruhe
          Hall IV
          First Floor
          Schlossplatz 23
          76131 Karlsruhe
          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:

          Christopher Seagon
          Blumenstr. 17
          69115 Heidelberg
          Germany
          Tel: 06221/ 91 18 0

The District Court of Karlsruhe opened bankruptcy proceedings
against Strateg GmbH Gesellschaft fuer Arbeitnehmerueberlassung
on April 30, 2008.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

          Strateg GmbH Gesellschaft fuer
          Arbeitnehmerueberlassung
          Attn: Klaus Nuerck, Manager
          Ewald-Renz-Str. 1
          76669 Bad Schoenborn
          Germany


VB-EDELSTAHLDESIGN: Claims Registration Period Ends May 23
----------------------------------------------------------
Creditors of VB-Edelstahldesign GmbH have until May 23, 2008, to
register their claims with court-appointed insolvency manager
Angela Torst.

Creditors and other interested parties are encouraged to attend
the meeting at 1:20 p.m. on June 23, 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 Neubrandenburg
         Hall 1
         Fr.-Engels-Ring 15-18
         Neubrandenburg
         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:

         Angela Torst
         Otto von Guericke Str. 5
         17033 Neubrandenburg
         Germany

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

The Debtor can be reached at:

         VB-Edelstahldesign GmbH
         Baumwallsweg 6c
         17034 Neubrandenburg
         Germany


WESTLB AG: Alexander Stuhlmann Quits as Managing Board Chairman
---------------------------------------------------------------
Alexander Stuhlmann has resigned as Chairman of the Managing
Board of WestLB AG.

"Alexander Stuhlmann took office for an agreed limited period
under entirely different premises," Michael Breuer, Chairman of
WestLB´s Supervisory Board, said.  "He has set WestLB on course
in extremely turbulent times.  With his firm resolve, but also
his reconciliation skills, he has provided the Bank with a
perspective for the future."

His successor is Heinz Hilgert, who officially takes office on
May 1, 2008.

"With his humane and conciliatory manner, Alexander Stuhlmann
has brought WestLB closer to the savings banks again," Mr.
Breuer added.  "His long-standing experience, his prudence and
his outstanding personal commitment have enabled him to cope
with the immense challenges posed by the financial markets´
crisis. We thank him most sincerely for his valuable
contribution and wish him all the very best for the future.”

Mr. Stuhlmann, who took over as chairman at the end of July
2007, had committed himself from the outset for a maximum period
of 12 months.  He steered the Bank through the aftermath of the
global financial markets' crisis and was instrumental in
ensuring that WestLB´s owners established a complex risk shield
for the Bank within a period of only seven weeks.  At the same
time he initiated the necessary restructuring process to prepare
WestLB for future requirements arising from the consolidation
among Germany´s public-sector banks."

                           About WestLB

Hearquartered in Duesseldorf, Germany, WestLB AG (DAX:WESTLB)
-- http://www.westlb.com/-- provides financial advisory,
lending, structured finance, project finance, capital markets
and private equity products, asset management, transaction
services and real estate finance to institutions.

In the United States, certain securities, trading, brokerage and
advisory services are provided by WestLB AG's wholly owned
subsidiary WestLB Securities Inc., a registered broker-dealer
and member of the NASD and SIPC.

WestLB's shareholders are the two savings banks associations in
NRW (25.15% each), two regional associations (0.52% each), the
state of NRW (17.47%) and NRW.BANK (31.18%), which is owned by
NRW (64.7%) and two regional associations (35.3%).

                          *     *     *

In January 2008, Fitch Rating downgraded WestLB AG's Individual
rating to 'F' from 'D/E' and removed the Rating Watch Negative.


WOHNBAU-DESIGN: Claims Registration Period Ends May 23
------------------------------------------------------
Creditors of Wohnbau-Design GmbH have until May 23, 2008, to
register their claims with court-appointed insolvency manager
Dr. Hans-Peter Lehner.

Creditors and other interested parties are encouraged to attend
the meeting at 3:00 p.m. on June 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 Amberg
         Room 115
         Meeting Hall V
         First Stock
         Baustadelgasse 1
         Amberg
         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-Peter Lehner
         Ditthornstr. 5
         93055 Regensburg
         Germany
         Tel: 0941/640 820-0
         Fax: 0941/640 820-10

The District Court of Amberg opened bankruptcy proceedings
against Wohnbau-Design GmbH on April 18, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Wohnbau-Design GmbH
         Kellergasse 7
         93133 Burglengenfeld
         Germany


=============
I R E L A N D
=============


STANTON VINTAGE: S&P Cuts Ratings on Two Note Classes to Low-B
--------------------------------------------------------------
Standard & Poor's Ratings Services has removed from CreditWatch
with negative implications and lowered its credit ratings on the
class A, B, C, D, and E notes issued by Stanton Vintage CDO Plc.
  
These rating actions follow a full review and analysis of the
transaction's credit quality and cash flow model. The ratings
have been lowered to levels where the portfolio's expected
default is met by the breakeven default rates generated by the
cash flow model.  
  
On April 28, 2008, Standard & Poor's placed all Stanton
Vintage's rated notes on CreditWatch negative due to the
negative rating migration experienced in the portfolio.  This
negative migration has led to an increase in the scenario
default rates that may not be supported by current credit
enhancement.
  
Stanton Vintage is a collateralized debt obligation of
collateralized loan obligations and CDO of asset-backed
securities transaction managed by UNIQA Alternative Investments
GmbH.  The transaction closed in June 2006.
  
The CDO is structured as a hybrid, comprising a portfolio of
cash CLOs and CDOs of ABS, and total return swaps referencing
CLOs and CDOs of ABS. US$159.6 million of notes were issued at
closing, as well as an unfunded super senior piece.

                        Ratings List
  
                   Stanton Vintage CDO PLC
             US$159.6 Million Floating-Rate Notes
  
                                Rating
             Class       To                 From
  
     Ratings Removed From CreditWatch Negative And Lowered
  
             A           AA+                AAA/Watch Neg
             B           A-                 AA/Watch Neg
             C           BBB                A/Watch Neg
             D           BB+                BBB/Watch Neg
             E           B                  BB/Watch Neg


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


PARMALAT SPA: Settles U.S. Shareholders' Class Action
-----------------------------------------------------
Parmalat S.p.A. has reached agreement to settle the securities
class action against it in the United States Southern District
Court of New York.

Parmalat will issue 10.5 million shares of stock in full
satisfaction of any and all claim asserted against it in the
class action, worldwide.

Parmalat will also incur up to EUR1 million of the cost of
notifying the class members of the settlement.

Parmalat believes that this settlement is in the best interests
of its shareholders to avoid the distraction and expense of
further litigation, and diminishes uncertainty in the value of
its stock.

The settlement is subject to the approval of the court.

                       About Parmalat

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

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

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

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

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

The Honorable Robert D. Drain presides over the Parmalat
Debtors' U.S. cases.  On June 21, 2007, the U.S. Court granted
Parmalat permanent injunction.


TISCALI SPA: Repurchases 2.6 Million Shares for EUR6.2 Million
--------------------------------------------------------------
Tiscali S.p.A. repurchased 2,600,000 own shares, 0.45% of the
share capital, April 18, 2008, at an average price per share of
EUR2.379, for a counter value of about EUR6.2 millions.

The share buyback has been done pursuant to art. 2357 and
subsequent articles of the Italian Civil Code and within the
limits set by the shareholder’s resolution.

Pursuant to art. 132 of Legislative Decree 58/98 and art. 144-
bis of the Issuers’ Regulation, the purchase took place on
regulated markets pursuant to the markets’ regulations.

Moreover, the purchases have been done for daily volumes not
exceeding 25% of the average daily volume of Tiscali shares
negotiated in the month previous to the official communication
of the plan, pursuant to art. 5 of CE regulation n. 2273/2003.

                         About Tiscali

Headquartered in Cagliari, Italy, Tiscali S.p.A. --
http://www.tiscali.com/-- offers Internet access in the
country.  The group also operates in other European countries,
serving more than seven million subscribers, of which over 1.5
million are broadband users.

Tiscali posted consecutive net losses for the past years: EUR5.5
million in 1999, EUR101 million in 2000, EUR1.66 billion in
2001, EUR593.1 million in 2002, EUR242.4 million in 2003,
EUR131.8 million in 2004, EUR12.9 million in 2005, and EUR103.6
million in 2006.  It posted EUR3.88 million in net losses on
EUR614.33 million in net revenues for the nine months ended
Sept. 30, 2007.

                         *     *     *

As reported in the TCR-Europe on Feb. 12, 2008, Standard &
Poor's Ratings Services has raised its long-term corporate
credit rating to 'B+' from 'B' on Tiscali S.p.A.

The one-notch upgrade also applies to S&P's long-term debt
ratings on the EUR50 million senior secured term loan and
EUR50 million senior secured revolving credit facility taken on
by financing vehicle Tiscali U.K. Holdings Ltd.  These debt
obligations' recovery ratings of respectively '3' (meaningful
{50%-70%} recovery in the event of a payment default, given the
presence of the EUR400 million bridge facility) and '2'
(substantial {70%-90%} recovery in the event of a payment
default) remain unchanged and are meaningfully influenced by the
impact of the Italian insolvency regime on lenders' recovery
prospects.

At the same time, S&P removed all of the credit ratings from
CreditWatch, where they had been placed with positive
implications on Jan. 10, 2008, when they first assigned ratings
to Tiscali.  The outlook is stable.


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


ENGINEERING SERVICE: Creditors Must File Claims by June 25
----------------------------------------------------------
LLC Engineering Service has declared insolvency.  Creditors have
until June 25, 2008 to submit written proofs of claim to:

         LLC Engineering Service
         Gorky Str. 1/19
         Bishkek
         Kyrgyzstan


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


NIELSEN CO: Good Performance Prompts S&P's Positive Outlook
-----------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on the
'B' corporate credit rating of The Nielsen Co. B.V. to stable
from negative.

"The outlook change reflects the company's good operating
performance and progress in its cost-cutting initiatives," said
Standard & Poor's credit analyst Tulip Lim.  "However, Nielsen's
discretionary cash flow remains weak, prolonging its highly
leveraged status."

The ratings on the New York City-based Nielsen reflect the
company's highly leveraged capital structure, track record of
frequent acquisitions that have deferred deleveraging, the
continuing investment required to remain competitive in the
evolving marketing information industry, and ongoing customer
pressure on prices and service levels that underpin the need for
an efficient cost base.  Nielsen's satisfactory business risk
profile, which reflects its strong market positions in media
measurement and retail marketing information, and significant
recurring revenues partially offset these factors.

Operating in more than 100 countries, Nielsen is one of the
world's leading providers of marketing, media, and business
information.  Marketing information and media measurement have a
high proportion of sales contracted in advance and strong
renewal rates, which mean that cash flows are relatively
predictable.

Nielsen aims to deleverage its balance sheet largely through
EBITDA growth resulting from cost savings. Management's progress
depends on several factors, some of which are not within its
control.  In particular, S&P expects that most of the cost
savings will originate in the marketing information division,
which is more exposed to competition.  Nielsen's acquisition of
IAG Research Inc. last month, its August 2007 acquisition of
U.S. telecom research provider Telephia Inc., and the June 2007
buyout of minority investors in Nielsen/NetRatings Inc. were
marginally negative to Nielsen's near-term liquidity and at
price tags that reinforce high leverage.  Also, funding of the
cost-cutting program and pension-plan contributions will consume
cash for the next few years.  As a result, S&P expects debt
reduction will be very limited, with any improvement in credit
measures coming from EBITDA growth.


=============
R O M A N I A
=============


FORD MOTOR: EC Allows EUR143-Mln State Aid to Romanian Plants
-------------------------------------------------------------
The European Commission has approved a EUR143 million state aid
to Ford Motor Co.'s Craiova sites from the Romanian government,   
Caroline Binham and Matthew Newman write for Bloomberg News.

The Commission said Romania's financial support to Ford's two
plants will allow provision of 40,0000 jobs and stimulate
investment in Craiova, Bloomberg News relates.  

Craiova, Romania is one of the regions exempted from the
European Union's state aid rule, since it has "abnormally low
standard of living and high unemployment."

"Ford indicated that it would actively encourage technology
transfer in the region to develop a substantial local supply
base," the Commission was quoted by Bloomberg News as saying.

As reported in the TCR-Europe on March 26, 2008, Ford said it
plans to invest around EUR1 billion a year by 2012 in Romania to
support the Craiova operations.

                        About Ford Motor

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles  
in 200 markets across six continents.  With about 260,000
employees and about 100 plants worldwide, the company's core and
affiliated automotive brands include Ford, Jaguar, Land Rover,
Lincoln, Mercury, Volvo, Aston Martin, and Mazda.  The company
provides financial services through Ford Motor Credit Company.

In Europe, the company maintains a presence in Sweden, and the
United Kingdom.  The company also distributes its brands in
various Latin American regions, including Argentina and Brazil.
The company has operations in Japan in the Asia Pacific region.

                          *     *     *

As reported in the TCR-Europe on March 28, 2008, Standard &
Poor's Ratings Services said that the ratings and outlook on
Ford Motor Co. and Ford Motor Credit Co. (both rated B/Stable/B-
3) were not affected by Ford's announcement of an agreement to
sell its Jaguar and Land Rover units to Tata Motors Ltd.
(BB+/Watch Neg/--) for US$2.3 billion (before US$600 million of
pension contributions by Ford for Jaguar-Land Rover).

As reported in the Troubled Company Reporter-Europe on Feb. 18,
2008, Fitch Ratings affirmed the Issuer Default Ratings of Ford
Motor Company and Ford Motor Credit Company at 'B', and
maintained the Rating Outlook at Negative.

As reported in the Troubled Company Reporter on Nov. 20, 2007,
Moody's Investors Service affirmed the long-term ratings of Ford
Motor Company (B3 Corporate Family Rating, Ba3 senior secured,
Caa1 senior unsecured, and B3 probability of default), but
changed the rating outlook to Stable from Negative and raised
the company's Speculative Grade Liquidity rating to SGL-1 from
SGL-3. Moody's also affirmed Ford Motor Credit Company's B1
senior unsecured rating, and changed the outlook to Stable from
Negative.


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


EAR CJSC: Creditors Must File Claims by June 26
-----------------------------------------------
Creditors of CJSC Ear have until June 26, 2008, to submit proofs
of claim to:

         S. Eliseev
         Insolvency Manager
         Post User Box 38
         170100 Tver-100
         Russia

The Arbitration Court of Tver commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A66-2927/2007.

The Court is located at:

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

The Debtor can be reached at:

         CJSC Ear
         Barsuki
         Torzhkovskiy
         172030 Tver
         Russia


EXPORT-INSTRUMENT OJSC: Creditors Must File Claims by June 26
-------------------------------------------------------------
Creditors of OJSC Trade-Production Company Export-Instrument
have until June 26, 2008, to submit proofs of claim to:

         A. Vakka
         Insolvency Manager
         Post User Box 281
         107078 Moscow
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A40-37455/07-88-126B.

The Court is located at:

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

The Debtor can be reached at:

         OJSC Trade-Production Company Export-Instrument
         Vavilova Str. 67
         117860 Moscow
         Russia


KAZANORGSINTEZ: S&P Puts B- Corp. Credit Rating on Watch Neg.
-------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B-' long-term
corporate credit and 'ruBBB' Russia national scale ratings on
Russian petrochemicals group Kazanorgsintez OJSC on CreditWatch
with negative implications following the group's announced
request for a covenant waiver on the outstanding US$200 million
loan participation notes issued by Kazanorgsintez S.A.
Kazanorgsintez OJSC is the borrower on these notes and does not
guarantee them.

Headquartered in the Republic of Tatarstan (foreign currency
BB-/Positive/--, local currency BB-/Positive/--), Kazanorgsintez
is one of the leading petrochemical players in Russia, with 2007
estimated sales of US$900 million.

"The CreditWatch placement reflects our concerns that
Kazanorgsintez may not have sufficient funds to cover payments
of the notes maturing in 2011 if noteholders request early
redemption," said Standard & Poor's credit analyst Lucas
Sevenin.  "While our rating already factors in the group's tight
liquidity situation and noncompliance with the initial covenant
on the notes, we had expected Kazanorgsintez to have already
finalized sufficient new credit lines and obtained covenant
waivers."

The group's cash is also very low, at less than US$5 million at
the end of March 2008.

Kazanorgsintez is soliciting noteholders to waive the 2007
covenant breach tied to the limitation on the group's
indebtedness.  Total debt to EBITDA is likely to have reached
4.4x at year-end 2007, whereas the debt incurrence test is set
at 4x.  The group is also asking to increase the test threshold
to 6x until the end of the second quarter of 2009.  The extent
of the 2007 breach will be calculated after the group discloses
audited figures, which is likely to occur at the end of May. The
consent solicitation offer should be completed by that time.

"Petrochemical industry cyclical profits and corporate
governance uncertainties also constrain the ratings," said Mr.
Sevenin.  "These factors are partially offset by the group's
historically comfortable EBITDA margin, averaging 25% over the
past four years thanks to cheap feedstock, favorable cycles,
good market shares for the company's main products in Russia,
and fast-growing demand for polyethylenes in the country."

S&P expects to resolve the CreditWatch status within one month,
when the solicitation process is set to end. We will not only
look at the results, but also at the overall group's liquidity
situation and prospects.


NEMO CJSC: Creditors Must File Claims by June 26
------------------------------------------------
Creditors of CJSC Nemo (TIN 7817043886, OGRN 1037839003180) have
until June 26, 2008, to submit proofs of claim to:

         S. Kovalenko
         Insolvency Manager
         Lenina Pr. 1
         Kolpino
         196651 St. Petersburg
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-20028/2007.

The Court is located at:

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

The Debtor can be reached at:

         CJSC Nemo
         Lenina Pr. 1
         Kolpino
         196651 St. Petersburg
         Russia


OKA OJSC: Tambov Court Names A. Bezborodov as Insolvency Manager
----------------------------------------------------------------
The Arbitration Court of Tambov appointed A. Bezborodov as
Insolvency Manager for OJSC Textile Company Oka.  He can be
reached at:

         A. Bezborodov
         Post User Box 40
         107023 Moscow
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A41-?2-3300/07.

The Court is located at:

         The Arbitration Court of Tambov
         Penzenskaya Str. 67/12
         392020 Tambov
         Russia

The Debtor can be reached at:

         OJSC Textile Company Oka
         Sovetskiy Per. 3
         Ozery
         Ozerskiy
         140560 Moscow
         Russia


PROJECT-DESIGN LLC: Creditors Must File Claims by June 26
---------------------------------------------------------
Creditors of LLC Project-Design have until June 26, 2008, to
submit proofs of claim to:

         A. Maltabar
         Insolvency Manager
         Post User box 619
         170006 Tver
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A40-57758/07-78-151B.

The Court is located at:

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

The Debtor can be reached at:

         LLC Project-Design
         Menzhinskogo 9
         Moscow
         Russia


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



DIMENO JSC: Luzern Court Starts Bankruptcy Proceedings
------------------------------------------------------
The Bankruptcy Service of Luzern, on March 13, 2008, commenced
bankruptcy proceedings against JSC Dimeno.

The Bankruptcy Service of Luzern can be reached at:

         Bankruptcy Service of Luzern
         6000 Luzern 5
         Switzerland

The Debtor can be reached at:

         JSC Dimeno
         Pilatusstrasse 1
         6003 Luzern
         Switzerland


GELOG JSC: Creditors' Liquidation Claims Due on May 24
-----------------------------------------------------
Creditors of JSC Gelog have until May 24, 2008 to submit their
proofs of claim to:

          Trust Company JSC
          Th. Maurer Treuhand
          Neugutstrasse 52
          8600 Dubendorf
          Switzerland


KILLER HANDEL: Creditors' Liquidation Claims Due by May 18
----------------------------------------------------------
Creditor owed money by JSC Killer Handel are given until May 18,
2008 to submit their proofs of claim to:

          Urs Kobler
          Ringstr. 7
          8107 Buchs ZH
          Switzerland


MASAI CONSULTING: Creditors' Proofs of Claim Due by May 30
----------------------------------------------------------
Creditors owed money by LLC Masai Consulting Holding must submit
their proofs of claim by May 30 to:

         Stephan Neidhardt
         Walder Wyss & Partner
         Seefeldstrasse 123
         8034 Zurich
         Switzerland


MASAI LOGISTICS: Creditors' Liquidation Claims Due by May 30
------------------------------------------------------------
Creditors of  LLC Masai Logistics are given until May 30, 2008
to submit their proofs of claim to:

         Stephan Neidhardt
         Walder Wyss & Partner
         Seefeldstrasse 123
         8034 Zurich
         Switzerland


MASAI SOURCING: Creditors' Claims Filing Deadline is May 30
-----------------------------------------------------------
Creditors of  LLC Masai Sourcing are given until May 30, 2008 to
submit their proofs of claim to:

         Stephan Neidhardt
         Walder Wyss & Partner
         Seefeldstrasse 123
         8034 Zurich
         Switzerland


RATIO BAU: Proofs of Claim Filing Deadline Set for May 16
---------------------------------------------------------
Creditors of JSC Ratio Bau, Ipsach are given until May 16, 2008
to submit their proofs of claim to:

         JSC Ratio Bau, Ipsach  
         Dorfstrasse 9
         2563 Ipsach BE
         Switzerland


SWISS HANDEL: Aargau Court Commences Bankruptcy Proceedings
-----------------------------------------------------------
The Bankruptcy Service of Aargau commenced bankruptcy
proceedings against LLC Swiss Handel on March 13, 2008.

The Bankruptcy Service of Aargau can be reached at:

         Bankruptcy Service of Aargau
         Amtsstelle Brugg
         5201 Brugg
         Switzerland

The Debtor can be reached at:

         LLC Swiss Handel
         Industrie Nord
         5643 Sins.
         Switzerland


WYSER ELEKTRONIK: Creditors Must File Proofs of Claims by May 15
----------------------------------------------------------------
Creditors owed money by  LLC Wyser Elektronik have until May 15,
2008 to file their proofs of claims.  Proofs of claim must be
submitted to:

         LLC Wyser Elektronik
         Dorfplatz 10
         4123 Allschwil BE
         Switzerland


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


AGROIMEKS LLC: Creditors Must File Claims by May 14
---------------------------------------------------
Creditors of LLC Agroimeks (code EDRPOU 32720167) have until
May 14, 2008, to submit proofs of claim to:

         The Economic Court of Nikolaev
         Admiralskaya Str. 22
         54009 Nikolaev
         Ukraine

The Economic Court of Nikolaev commenced bankruptcy proceedings
against the company after finding it insolvent on April 2, 2008.  
The case is docketed as 5/150/08.

The Debtor can be reached at:

         LLC Agroimeks
         1st Slobodskaya Str. 62
         54055 Nikolaev
         Ukraine


ANTICOR-SOUTH LLC: Creditors Must File Claims by May 15
-------------------------------------------------------
Creditors of LLC Anticor-South (code EDRPOU 33138588) have until
May 15, 2008, to submit proofs of claim to:

         The Economic Court of Odessa
         Shevchenko Avenue 4
         65032 Odessa
         Ukraine

The Economic Court of Odessa commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as 2/69-08-1195.  

The Debtor can be reached at:

         LLC Anticor-South
         Bazarin Str. 60
         65011 Odessa
         Ukraine


BEREG LLC: Creditors Must File Claims by May 15
-----------------------------------------------
Creditors of LLC Trading Center Bereg (code EDRPOU 33601562)
have until May 15, 2008, to submit proofs of claim to:

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

The Economic Court of Kiev has commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as 23/285-b.

The Debtor can be reached at:

         LLC Trading Center Bereg
         Apartment 34
         Pobeda Avenue 136
         03115 Kiev
         Ukraine


DNIEPROPETROVSK REPAIR: Proofs of Claim Deadline Set May 15
-----------------------------------------------------------
Creditors of OJSC Dniepropetrovsk Repair Plant of Electrical
Transport (code EDRPOU 03326972) have until May 15, 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 on March 25, 2008.  The
case is docketed as B 24/150-08.

The Debtor can be reached at:

         OJSC Dniepropetrovsk Repair Plant of
         Electrical Transport
         Voytsehovich Str. 77
         49101 Dnipropetrovsk
         Ukraine


GALICHINA LLC: Creditors Must File Claims by May 14
---------------------------------------------------
Creditors of Agricultural LLC Galichina (code EDRPOU 20781525)
have until May 14, 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 proceedings
against the company after finding it insolvent on March 31,
2008.  The case is docketed as 4/16.

The Debtor can be reached at:

         Agricultural LLC Galichina
         Sushno
         Radekhov District
         Lvov
         Ukraine


KALINA LLC: Creditors Must File Claims by May 14
------------------------------------------------
Creditors of Agricultural LLC Kalina (code EDRPOU 31929230) have
until May 14, 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 proceedings
against the company after finding it insolvent on Feb. 28, 2008.  
The case is docketed as 4/17.

The Debtor can be reached at:

         Agricultural LLC Kalina
         Rozzhalov
         Radekhov District
         Lvov
         Ukraine


MALIYE YERCHIKI: Creditors Must File Claims by May 15
-----------------------------------------------------
Creditors of Agricultural LLC Maliye Yerchiki Agrarian
Enterprise (code EDRPOU 04529453) have until May 15, 2008, to
submit proofs of claim to:

         The Economic Court of Kiev
         Komintern Str. 16
         01032 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent on March 18,
2008.  The case is docketed as B 14/089-08.

The Debtor can be reached at:

         Agricultural LLC Maliye Yerchiki Agrarian Enterprise
         Maliye Yerchiki
         Skvira District
         09010 Kiev
         Ukraine

MEGAPOLIS INVEST: Creditors Must File Claims by May 15
------------------------------------------------------
Creditors of LLC Megapolis Invest Group (code EDRPOU 34477686)
have until May 15, 2008, to submit proofs of claim to:

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

The Economic Court of Kiev commenced bankruptcy proceedings
against the company on March 27, 2008, after finding it
insolvent.  The case is docketed as 43/226.

The Debtor can be reached at:

         LLC Megapolis Invest Group
         Obolon Avenue 23-a
         04205 Kiev
         Ukraine



MIR LLC: Creditors Must File Claims by May 14
---------------------------------------------
Creditors of LLC Mir (code EDRPOU 03772559) have until
May 14, 2008, to submit proofs of claim to:

         The Economic Court of Poltava
         Zigin Str. 1
         36000 Poltava
         Ukraine

The Economic Court of Poltava commenced bankruptcy proceedings
against the company on March 27, 2008, after finding it
insolvent.  The case is docketed as 4/144.

The Debtor can be reached at:

         LLC Mir
         Sharkovschina
         Mirgprpd District
         Poltava
         Ukraine


SINKOV AGRICULTURAL: Creditors Must File Claims by May 14
------------------------------------------------------------
Creditors of Sinkov Agricultural LLC (code EDRPOU 03760438)  
have until May 14, 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 proceedings
against the company on March 11, 2008, after finding it
insolvent.  The case is docketed as 29/22.

The Debtor can be reached at:

         Sinkov Agricultural LLC
         Central Str.
         Sinkov
         Radekhov District
         80200 Lvov
         Ukraine


TON LLC: Creditors Must File Claims by May 15
---------------------------------------------
Creditors of LLC Ton (code EDRPOU 19484976) have until May 15,
2008, to submit proofs of claim to:

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

The Economic Court of Kiev commenced bankruptcy proceedings
against the company on March 27, 2008, after finding it
insolvent.  The case is docketed as 43/286.

The Debtor can be reached at:

         LLC Ton
         Melnikov Str. 12
         04050 Kiev
         Ukraine


UKRAINIAN AGRICULTURAL: Creditors Must File Claims by May 14
------------------------------------------------------------
Creditors of LLC Trading House Ukrainian Agricultural Machine
Investment (code EDRPOU 32773224) have until May 14, 2008, to
submit proofs of claim to:

         The Economic Court of Kiev
         Komintern Str. 16
         01032 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company on March 20, 2008, after finding it
insolvent.  The case is docketed as B 11/061