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 12, 2008, Vol. 9, No. 93 Headlines A U S T R I A BIODIESEL ENNS: Claims Registration Period Ends June 17 BONITO LLC: Claims Registration Period Ends June 2 CIGDEM BICER: Claims Registration Period Ends June 3 KNOTZ BUEROTECHNIK: Creditors' Meeting Slated for May 28 UELUES TRANSPORT: Claims Registration Period Ends June 12 G E R M A N Y A. HAAS: Claims Registration Ends May 30 BAD DESIGN: Claims Registration Period Ends May 27 BALLON-HALTER MUENSTERLAND: Claims Registration Ends May 30 BUWI KUNSTSTOFFTECHNIK: Claims Registration Ends May 30 COIFFEUR-TEAM GMBH: Claims Registration Ends May 30 COMPAKT- BAUPLANUNGS: Claims Registration Period Ends May 27 CYWORLD EUROPE: Claims Registration Period Ends May 30 DIEBOLD GMBH: Claims Registration Period Ends May 30 DIGITAL UNDERGROUND: Claims Registration Period Ends May 30 DONGES STAHLTOR: Claims Registration Period Ends May 27 FREAKSX GMBH: Claims Registration Period Ends May 26 G & M TRANSPORT: Claims Registration Period Ends May 30 GASTHOF KREITMAIR: Claims Registration Period Ends May 30 GAWS GOEZGEC: Claims Registration Period Ends May 30 GRUNDSTUECKS- UND VERWALTUNGS: Claims Registration Ends May 30 PALADION IMMOBILIEN: Claims Registration Period Ends May 29 RESA-HOLZ: Claims Registration Period Ends May 29 ROHDE TRANSPORT: Claims Registration Period Ends May 29 SAPPI PAPIER: Moody’s Places Ratings on Review & May Downgrade SOC MICROELECTRONICS: Claims Registration Period Ends May 29 SPIELTREFF GOTHAER: Claims Registration Ends May 30 TELEDIALOG GMBH: Claims Registration Period Ends May 29 TEXTILHANDEL GMBH: Claims Registration Period Ends May 29 TF TIERFOOD: Claims Registration Period Ends May 26 THIELERT AIRCRAFT: Delivery of Skyhawk 172S Model Delayed TRIE LOGISTIK: Claims Registration Period Ends May 26 I R E L A N D EIRLES TWO: Fitch Junks Ratings on Three Notes Series EUROMANX: Halts Operations Due to Rising Fuel Costs HORMANN ELECTRONICS: Placed Under Receivership WOODEN HOUSE: Put Into Administration by ACC Bank I T A L Y PARMALAT SPA: Citigroup Won’t Enter Into Settlement Talks POWERMATE CORP: U.S. Court Okays Sale of Assets to Pramac K A Z A K H S T A N ALFATECH LLP: Creditors Must File Claims by June 10 FITON LLP: Claims Deadline Slated for June 10 GLOBAL COMMERCE: Claims Filing Period Ends June 10 KAZ BUSINESS: Creditors' Claims Due on June 10 PLODORIDIYE LLP: Claims Registration Ends June 17 SARMAT CONSTRUCTION: Claims Deadline Slated for June 17 SATURN-EXPRESS LLP: Claims Filing Period Ends June 10 K Y R G Y Z S T A N ASIA-HOLDING OJSC: Creditors Must File Claims by June 13 L U X E M B O U R G EVRAZ GROUP: To Acquire 20% of FerroChina for US$167 Million P O R T U G A L * Moody's Says Delinquency Trend for Portuguese RMBS Up Q1 2008 R U S S I A BIRYULEVSKIY COLD: Creditors Must File Claims by May 26 BRIDGE-INVESTMENT LLC: Creditors Must File Claims by May 26 DALNEVOSTOCHNAYA WOOD: Creditors Must File Claims by May 26 EVRAZ GROUP: To Acquire 20% of FerroChina for US$167 Million KALININSK-SEL-KHOZ-PRODUCT: Creditors Must File Claims by May 26 PODOZERSKOE PEAT: Creditors Must File Claims by May 26 PROGRESS LLC: Creditors Must File Claims by May 26 RED OCTOBER: Creditors Must File Claims by May 26 SEVERSTAL OAO: Completes US$810 Mln Sparrows Point Acquisition S P A I N FTPYME BANCAJA 4: Fitch Assigns BB- Ratings to FTA Class C Notes URAZCA: Files for Bankruptcy with Debts of EUR65 Million S W I T Z E R L A N D ABC METHOD: Zug Court Commences Bankruptcy Proceedings ALFRED KRATTIGER: Undergoing Liquidation Proceeding in Mellingen BALLANTRE INVEST: Undergoing Liquidation Proceeding in Olten CAIM CONSULTING: Undergoing Liquidation Proceeding in Huttwilen CD LICHTSYSTEME: Zug Court Initiates Bankruptcy Proceedings CORES CONSULTING: Undergoing Liquidation in Unterageri EDUARD KETTNER: Undergoing Liquidation Proceeding in Malters ERESTE TREUHAND: Undergoing Liquidation Proceeding in Dallikon EXPRESS-CHARLY LLC: Zug Court Initiates Bankruptcy Proceedings FAMO HOLDING: Undergoing Liquidation Proceeding in Risch GILUCA LLC: Zug Court Initiates Bankruptcy Proceedings KURT MAURER: Undergoing Liquidation Proceeding in Schoftland LUCKY BAMBO: Undergoing Liquidation Proceeding in Baden OEKOBLAST JSC: Undergoing Liquidation Proceeding in Zuzgen SCHAPPI JSC: Undergoing Liquidation Proceeding in Stansstad VINOMANIA LLC: Undergoing Liquidation Proceeding in Fahrwangen U K R A I N E BRIANKA MOTORCAR: Proofs of Claim Deadline Set May 22 BUSINESSELIT LLC: Proofs of Claim Deadline Set May 22 GARINDUSTRIALSERVICE LLC: Proofs of Claim Deadline Set May 22 MALIRANGE LLC: Proofs of Claim Deadline Set May 22 MATRIX UKRAINE: Proofs of Claim Deadline Set May 22 OVETRI CJSC: Creditors Must File Claims by May 22 PRIVOROTYE AGRICULTURAL: Proofs of Claim Deadline Set May 22 TECHNICAL SPECIAL: Proofs of Claim Deadline Set May 22 VIGRO-2005 LLC: Proofs of Claim Deadline Set May 22 U N I T E D K I N G D O M ADVANCED RESEARCH: Taps Liquidators from PricewaterhouseCoopers ARRAN BREWERY: Runs Out of Cash; Enters into Administration AUTAIR ENGINEERING: Creditors' Meeting Slated for May 19 BRITISH AIRWAYS: Losing Passengers After Terminal 5 Fiasco CORIOLANUS LTD: Fitch Cuts Rating on Series 49 Notes to CC CORIOLANUS LTD: Fitch Junks Rating on Series 77 Class C Notes DELTA CDO: Fitch Junks Ratings on 3 Series 2005-1 Notes Classes DELTA CDO: Fitch Junks Rating on Series 2005-2 Class E-1 Notes DEP INTERNATIONAL: Joint Liquidators Take Over Operations GRETNA FOOTBALL: Creditors Pick Closure Set May 17 Sans Buyer GRIFFIN CONTRACTORS: Brings In Liquidators from Vantis INSIDE TRACK: Brings In Administrators from Vantis LYNDON LTD: Calls In Liquidators from Tenon Recovery NORTHERN ROCK: SRM Joins UKSA's Call for Judicial Review PARKIN REINFORCEMENT: Hires Liquidators from Tenon Recovery RANK GROUP: Posts Lower Revenue for First 17 Weeks 2008 ROCK GROUP: Cash Flow Difficulties Prompt Administration ROCK GROUP: Unable to Repair Customers’ Laptops SONDA AVIATION: Bank of Scotland Taps Receivers from PwC STAR SHIPPING: Appoints Liquidators from Tenon Recovery THOMAS HARPER: Appoints Joint Administrators from Deloitte TIMBERLAND HOMES: GLA Revokes License Over Forced Labor TINDALE & STANTON: Appoints PwC as Joint Administrators VIRGIN MEDIA: S&P Holds B+ Rating; Outlook Revised to Positive WALNUT CARE: Taps Joint Administrators from Tenon Recovery * England's Football League Sets CVA Rules For Clubs * Begbies Traynor Acquires Fanshawe Lofts * Begbies Traynor Acquires Dewey & Co. * BOND PRICING: For the Week May 5 to May 9, 2008 ********* ============= A U S T R I A ============= BIODIESEL ENNS: Claims Registration Period Ends June 17 ------------------------------------------------------- Creditors owed money by LLC Biodiesel Enns (FN 261714z) have until June 17, 2008, to file written proofs of claim to court- appointed estate administrator Guenther Grassner at: Dr. Guenther Grassner c/o Dr. Norbert Mooseder Suedtirolerstrasse 4-6 4020 Linz Austria Tel: 0732/77 08 15 Fax: 770816 E-mail: lawfirm@gltp.at Creditors and other interested parties are encouraged to attend the creditors' meeting at 1:50 p.m. on July 1, 2008, for the examination of claims. The meeting of creditors will be held at: The Land Court of Steyr Hall 7 Second Floor Steyr Austria Headquartered in Enns, Austria, the Debtor declared bankruptcy on April 24, 2008 (Bankr. Case No. 14 S 28/08b). Norbert Mooseder represents Dr. Grassner in the bankruptcy proceedings. BONITO LLC: Claims Registration Period Ends June 2 -------------------------------------------------- Creditors owed money by LLC bonito (FN 276629h) have until June 2, 2008, to file written proofs of claim to court-appointed estate administrator Hubert Hagspie at: Dr. Hubert Hagspiel Schulgasse 7/II 6850 Dornbirn Austria Tel: 05572/54800 Fax: 05572/54800-8 E-Mail: hubert.hagspiel@gmx.net Creditors and other interested parties are encouraged to attend the creditors' meeting at 10:50 a.m. on June 12, 2008, for the examination of claims. The meeting of creditors will be held at: The Land Court of Feldkirch Room 45 First Floor Feldkirch Austria Headquartered in Dornbirn, Austria, the Debtor declared bankruptcy on April 24, 2008 (Bankr. Case No. 14 S 18/08x). CIGDEM BICER: Claims Registration Period Ends June 3 ---------------------------------------------------- Creditors owed money by KEG Cigdem Bicer Stabilbau (FN 279605i) have until June 3, 2008, to file written proofs of claim to court-appointed estate administrator Johannes Jaksch at: Dr. Johannes Jaksch Landstrasser Hauptstrasse 1/2 1030 Vienna Austria Tel: 713 44 33 Fax: 713 10 33 E-mail: kanzlei@jsr.at Creditors and other interested parties are encouraged to attend the creditors' meeting at 9:30 a.m. on June 17, 2008, for the examination of claims. The meeting of creditors will be held at: The Trade Court of Vienna Room 1609 Vienna Austria Headquartered in Vienna, Austria, the Debtor declared bankruptcy on April 24, 2008 (Bankr. Case No. 6 S 62/08x). KNOTZ BUEROTECHNIK: Creditors' Meeting Slated for May 28 -------------------------------------------------------- Creditors owed money by LLC KNOTZ Buerotechnik (FN 38003m) are encouraged to attend the first creditors' meeting at 10:00 a.m. on May 28, 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 10:15 a.m. on June 18, 2008, at the same venue. Creditors have until June 5, 2008, to file written proofs of claim to court-appointed estate administrator Helmut Fetz at: Dr. Helmut Fetz Hauptplatz 11 8700 Leoben Austria Tel: 03842-42751 Fax: 03842-42751-40 E-mail: office@fetz-fetz.at Headquartered in Leoben, Austria, the Debtor declared bankruptcy on April 22, 2008 (17 S 17/08f). UELUES TRANSPORT: Claims Registration Period Ends June 12 --------------------------------------------------------- Creditors owed money by KEG UELUES Transport (FN 248044x) have until June 12, 2008, to file written proofs of claim to court- appointed estate administrator Thomas Engelhart at: Dr. Thomas Engelhart c/o Mag. Clemens Richter Esteplatz 4 1030 Vienna Austria Tel: 712 33 30 Fax: 712 33 30 30 E-mail: kanzlei@engelhart.at Creditors and other interested parties are encouraged to attend the creditors' meeting at 11:00 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 Vienna Austria Headquartered in Vienna, Austria, the Debtor declared bankruptcy on April 23, 2008 (Bankr. Case No. 5 S 40/08d). Clemens Richter represents Dr. Engelhart in the bankruptcy proceedings. ============= G E R M A N Y ============= A. HAAS: Claims Registration Ends May 30 ---------------------------------------- Creditors of A. Haas Anlagen- und Rohrleitungsbau GmbH have until May 30, 2008 to register their claims with court-appointed insolvency manager Dr. Juergen Toemp. Creditors and other interested parties are encouraged to attend the meeting at noon on June 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 Kleve Meeting Hall C 58 Ground Floor Schlossberg 1 47533 Kleve 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. Juergen Toemp Wilhelmshofallee 75 47800 Krefeld Germany Tel: 0215158130 Fax: 021515813134 The District Court of Kleve opened bankruptcy proceedings against A. Haas Anlagen- und Rohrleitungsbau GmbH on April 23, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: A. Haas Anlagen- und Rohrleitungsbau GmbH Robert-Koch-Strasse 14 46459 Rees Germany Attn: Paul Arnold Kusche, Manager Kantstrasse 18 42929 Wermelskirchen Germany BAD DESIGN: Claims Registration Period Ends May 27 -------------------------------------------------- Creditors of bad design H. Mensching GmbH have until May 27, 2008, to register their claims with court-appointed insolvency manager Joachim Walterscheid. Creditors and other interested parties are encouraged to attend the meeting at 11:50 a.m. on June 17, 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: Joachim Walterscheid Am Kurpark 2 32545 Bad Oeynhausen Germany Tel: 05731/84223-30 Fax: +4957318422350 The District Court of Bielefeld opened bankruptcy proceedings against bad design H. Mensching GmbH on April 23, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: bad design H. Mensching GmbH Attn: Heidrun Mensching, Manager Holland 27 32052 Herford Germany BALLON-HALTER MUENSTERLAND: Claims Registration Ends May 30 ----------------------------------------------------------- Creditors of Ballon-Halter Muensterland Schellhove GmbH have until May 30, 2008 to register their claims with court-appointed insolvency manager Manfred Vellmer. Creditors and other interested parties are encouraged to attend the meeting at 9:45 a.m. on June 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 Muenster Meeting Hall 119 B First Floor Gerichtsstr. 2-6 48149 Muenster Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Manfred Vellmer Adalbertstr. 8 48565 Steinfurt Germany Tel: 02552/638710 Fax: +4925526387111 The District Court of Muenster opened bankruptcy proceedings against Ballon-Halter Muensterland Schellhove GmbH on April 24, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Ballon-Halter Muensterland Schellhove GmbH Attn: Dietlinde Schellhove, Manager Muehlenstrasse 25 48268 Greven Germany BUWI KUNSTSTOFFTECHNIK: Claims Registration Ends May 30 ------------------------------------------------------- Creditors of BuWi Kunststofftechnik GmbH & Co. KG have until May 30, 2008 to register their claims with court-appointed insolvency manager Dr. jur. A. Koehler. Claims will be verified at 8:40 a.m. on June 16, 2008 at: The District Court of Montabaur Hall 106 First Floor Bahnhofstrasse 47 56410 Montabaur Germany Creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Dr. jur. A. Koehler Wilhelmstrasse 42 65582 Diez Germany Tel: 06432-64580 Fax: 06432-645820 E-mail: verwaltung@koehler-insolvenz.de The District Court of Montabaur opened bankruptcy proceedings against BuWi Kunststofftechnik GmbH & Co. KG on March 1, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: BuWi Kunststofftechnik GmbH & Co. KG Attn: Dr. Armin Froehlich, Manager Hauptstrasse 1a 57520 Neunkhausen Germany COIFFEUR-TEAM GMBH: Claims Registration Ends May 30 --------------------------------------------------- Creditors of Coiffeur-Team GmbH have until May 30, 2008 to register their claims with court-appointed insolvency manager Markus Gross. Creditors and other interested parties are encouraged to attend the meeting at 9:00 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 Offenburg Hall 0005 Hindenburgstr. 5 77654 Offenburg Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Markus Gross Weingartenstr.19a 77654 Offenburg Germany The District Court of Offenburg opened bankruptcy proceedings against Coiffeur-Team GmbH on April 21, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Coiffeur-Team GmbH Hauptstr.33/Ratsgasse 77756 Hausach Germany Attn: Anette Stelzenmueller, Manager Kirchweg 3 72290 Lossburg Germany COMPAKT- BAUPLANUNGS: Claims Registration Period Ends May 27 ------------------------------------------------------------ Creditors of COMPAKT- Bauplanungs- und Erschliessungsgesellschaft mbH have until May 27, 2008, to register their claims with court-appointed insolvency manager Joerg Trittermann. Creditors and other interested parties are encouraged to attend the meeting at 10:15 a.m. on June 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 Wolfsburg Hall D Rothenfelder Strasse 43 38440 Wolfsburg 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: Joerg Trittermann Lessingplatz 9 38100 Braunschweig Germany Tel: 0531/120 68 70 Fax: 0531/120 68 80 The District Court of Wolfsburg opened bankruptcy proceedings against COMPAKT- Bauplanungs- und Erschliessungsgesellschaft mbH on April 3, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: COMPAKT- Bauplanungs- und Erschliessungsgesellschaft mbH Westernstr. 27 38154 Koenigslutter Germany CYWORLD EUROPE: Claims Registration Period Ends May 30 ------------------------------------------------------ Creditors of Cyworld Europe GmbH have until May 30, 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 July 1, 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 2 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 Cyworld Europe GmbH on April 2, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Cyworld Europe GmbH Fuerstenbergerstrasse 3-9 60322 Frankfurt am Main Germany DIEBOLD GMBH: Claims Registration Period Ends May 30 ---------------------------------------------------- Creditors of Diebold GmbH have until May 30, 2008, to register their claims with court-appointed insolvency manager Hans-Joerg Derra. Creditors and other interested parties are encouraged to attend the meeting at 9:00 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 Aalen Hall 0.11 Ground Floor Stuttgarter Strasse 7, 73430 Aalen 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-Joerg Derra Frauenstr. 14 89073 Ulm Germany Tel: 0731/922880 Fax: 0731/92288-88 E-mail: dmp@derra-ul.de The District Court of Aalen opened bankruptcy proceedings against Diebold GmbH on April 21, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Diebold GmbH Wiesenstr. 10 89518 Heidenheim Germany Attn: Andrea Diebold, Manager Lonetalstr. 1 89537 Giengen Germany DIGITAL UNDERGROUND: Claims Registration Period Ends May 30 ----------------------------------------------------------- Creditors of Digital Underground GmbH have until May 30, 2008, to register their claims with court-appointed insolvency manager Robert Multrus. Creditors and other interested parties are encouraged to attend the meeting at 8:35 a.m. on July 1, 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 Rosenheim Room 114 Rosenheim Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Robert Multrus Rathausstr. 10 83022 Rosenheim Germany Tel: 0 80 31/ 8074790 Fax: 0 80 31/ 80747966 The District Court of Rosenheim opened bankruptcy proceedings against Digital Underground GmbH on May 2. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Digital Underground GmbH Wasserburger Str. 1 83123 Amerang Germany DONGES STAHLTOR: Claims Registration Period Ends May 27 ------------------------------------------------------- Creditors of Donges Stahltor- und Fensterbau GmbH have until May 27, 2008, to register their claims with court-appointed insolvency manager Jan Markus Plathner. Creditors and other interested parties are encouraged to attend the meeting at 8:45 a.m. on May 28, 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 14 First Floor Building D Mathildenplatz 15 64283 Darmstadt Germany The Court will also verify the claims set out in the insolvency manager's report at 11:00 a.m. on July 8, 2008, at the same venue. 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 Donges Stahltor- und Fensterbau GmbH on April 16, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Donges Stahltor- und Fensterbau GmbH Mainzer Strasse 55 64293 Darmstadt Germany FREAKSX GMBH: Claims Registration Period Ends May 26 ---------------------------------------------------- Creditors of FreaksX GmbH have until May 26, 2008, to register their claims with court-appointed insolvency manager Knut Thomas Hofheinz. Creditors and other interested parties are encouraged to attend the meeting 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 Hannover 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: Knut Thomas Hofheinz Am Markte 13 30159 Hannover Germany Tel: 0511 357721-0 Fax: 0511 357721-40 The District Court of Hannover opened bankruptcy proceedings against FreaksX GmbH on April 24, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: FreaksX GmbH Vahrenwalder Str. 294 30179 Hannover Germany G & M TRANSPORT: Claims Registration Period Ends May 30 ------------------------------------------------------- Creditors of G & M Transport GmbH have until May 30, 2008, to register their claims with court-appointed insolvency manager Heiko Jaap. Creditors and other interested parties are encouraged to attend the meeting at 10:00 a.m. on July 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 Stralsund Hall AE 26 House A Bielkenhagen 9 Stralsund Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Heiko Jaap Steinbeckerstr. 10 17489 Greifswald Germany The District Court of Stralsund opened bankruptcy proceedings against G & M Transport GmbH on April 30, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: G & M Transport GmbH Waldweg 9a 18442 Martensdorfv Germany Attn: Elke Baldermann, Manager Penniner Damm 2 18442 Negast Germany GASTHOF KREITMAIR: Claims Registration Period Ends May 30 --------------------------------------------------------- Creditors of Gasthof Kreitmair GmbH have until May 30, 2008, to register their claims with court-appointed insolvency manager Axel W. Bierbach. Creditors and other interested parties are encouraged to attend the meeting at 9:00 a.m. on June 30, 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 Room 102 Infanteriestr. 5 80097 Munich Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Axel W. Bierbach Schwanthalerstr. 32 80336 Muenchen Germany Tel: 54511-0 Fax: 54511-444 The District Court of Munich opened bankruptcy proceedings against Gasthof Kreitmair GmbH on April 1, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Gasthof Kreitmair GmbH Attn: Kenneth Wein,Manager Keferloh 2 85630 Grasbrunn Germany GAWS GOEZGEC: Claims Registration Period Ends May 30 ---------------------------------------------------- Creditors of Gaws Goezgec Heizungsbau GmbH have until May 30, 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 10, 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: Klaus Knetter Otto-Brenner-Str. 186 33604 Bielefeld Germany The District Court of Bielefeld opened bankruptcy proceedings against Gaws Goezgec Heizungsbau GmbH on April 16, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Gaws Goezgec Heizungsbau GmbH Attn: Koeksal Goeczgec, Manager Schmiedestr. 10 33613 Bielefeld Germany GRUNDSTUECKS- UND VERWALTUNGS: Claims Registration Ends May 30 -------------------------------------------------------------- Creditors of Grundstuecks- und Verwaltungsgesellschaft Koepenick mbH have until May 30, 2008 to register their claims with court- appointed insolvency manager Christian Koehler-Ma. Claims will be verified at 8:30 a.m. on July 31, 2008 at: The District Court of Charlottenburg Hall 218 Second Floor Amtsgerichtsplatz 1 14057 Berlin Germany 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 Grundstuecks- und Verwaltungsgesellschaft Koepenick mbH on May 3, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Grundstuecks- und Verwaltungsgesellschaft Koepenick mbH Bahnhofstr. 11 12555 Berlin Germany PALADION IMMOBILIEN: Claims Registration Period Ends May 29 ----------------------------------------------------------- Creditors of Paladion Immobilien GmbH have until May 29, 2008, to register their claims with court-appointed insolvency manager Roland Lehnert. Creditors and other interested parties are encouraged to attend the meeting at 1:30 p.m. on June 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 Oldenburg Meeting hall Second Floor Elisabethstrasse 6 26135 Oldenburg 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: Roland Lehnert Hauptstrasse 5 26122 Oldenburg Germany Tel: 0441 950910 Fax: 0441 9509177 E-mail: RA Lehnert OL@t-online.de The District Court of Oldenburg opened bankruptcy proceedings against Paladion Immobilien GmbH on April 4, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Paladion Immobilien GmbH Hundsmuehler Str. 170a 26131 Oldenburg Germany RESA-HOLZ: Claims Registration Period Ends May 29 ------------------------------------------------- Creditors of Resa-Holz GmbH i.L. have until May 29, 2008, to register their claims with court-appointed insolvency manager Sebastian Nolte. Creditors and other interested parties are encouraged to attend the meeting at 9:30 a.m. on June 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 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: Sebastian Nolte Peterstr. 5 99084 Erfurt Germany The District Court of Erfurt opened bankruptcy proceedings against Resa-Holz GmbH i.L. on April 14, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Resa-Holz GmbH i.L. Attn: Alexander Heinemann, Manager Niederreissener Strasse 1 99628 Buttstadt Germany ROHDE TRANSPORT: Claims Registration Period Ends May 29 ------------------------------------------------------- Creditors of Rohde Transport- und Speditionsgesellschaft mbH have until May 29, 2008, to register their claims with court- appointed insolvency manager Tim F. Gatcke. Creditors and other interested parties are encouraged to attend the meeting at 10:00 a.m. on June 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 Hameln Hall 106 Zehnthof 1 31785 Hameln Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Tim F. Gatcke Ger.-Fach Nr. 355 Hans-Boeckler-Allee 26 30173 Hannover Germany Tel: 0511-360960 Fax: 0511-36096-90 The District Court of Hameln opened bankruptcy proceedings against Rohde Transport- und Speditionsgesellschaft mbH on March 12, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Rohde Transport- und Speditionsgesellschaft mbH Philipp-Reis-Str. 22 31832 Springe Germany SAPPI PAPIER: Moody’s Places Ratings on Review & May Downgrade -------------------------------------------------------------- Moody's Investors Service placed on review for possible downgrade the Ba1 corporate family rating of Sappi Ltd as well as the Ba1 instrument ratings of Sappi Papier Holding GmbH, the US$500m global bonds 2012 and US$250m global bonds 2032. Although Sappi's reported group operating performance in the first fiscal half of 2008 improved against the same period last year, Sappi's core fine paper operations in Europe and North America, accounting for more than 70% of sales, remain weak with an operating margin of 3.5% (vs. 1.5% in H1 2007). A number of factors, foremost input cost inflation and continued weak pricing, add pressure particularly in Europe. The decision to place the ratings under review for possible downgrade resulted from a slower pace of improving metrics. Moody's had expected Sappi's metrics to be on a positive trajectory so that levels of retained cash flow (RCF) to net debt would be notably above 20%, RCF minus capital expenditures to debt would reach double digit percentage levels and return on assets (EBITDA/average assets) would be above 7% by mid 2008. The review will focus on (i) the extent of positive contribution of the nearly concluded Saiccor project, (ii) the sustainability of profit improvements in the North American operations shown in the first quarter of 2008 and (iii) the prospects for a major recovery in its European operations. Moody's will also assess the strength of Sappi's liquidity profile against certain potential cash calls. Any rating movement will likely be limited to one notch. The last rating action was on April 17, 2007, when Moody's changed the outlook to negative from stable. Sappi Ltd. domiciled in Johannesburg, South Africa, is a leading global producer of coated fine paper and dissolving pulp with consolidated group sales of FYE 2007 (ending September) of USD 5.3 billion. Sappi Papier Holding GmbH is the holding company for Sappi's international paper operations outside of South Africa and accounts for approximately three quarters of sales and net operating assets of the group. SOC MICROELECTRONICS: Claims Registration Period Ends May 29 ------------------------------------------------------------ Creditors of SOC Microelectronics Verwaltungs GmbH have until May 29, 2008, to register their claims with court-appointed insolvency manager Angelika Amend. Creditors and other interested parties are encouraged to attend the meeting at 2:30 p.m. on July 3, 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 Koenigstein/Ts. Hall 106 A Burgweg 9 61462 Koenigstein/Ts. 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: Angelika Amend Minnholzweg 2b D 61476 Kronberg Germany Tel: 06173-78340 Fax: 06173/783422 The District Court of Koenigstein/Ts opened bankruptcy proceedings against SOC Microelectronics Verwaltungs GmbH on April 7, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: SOC Microelectronics Verwaltungs GmbH Am Kronberger Hang 4 65824 Schwalbach Germany SPIELTREFF GOTHAER: Claims Registration Ends May 30 --------------------------------------------------- Creditors of Spieltreff Gothaer Strasse GmbH have until May 30, 2008 to register their claims with court-appointed insolvency manager Dr. Petra Hilgers. Claims will be verified at 9:55 a.m. on July 30, 2008 at: The District Court of Charlottenburg Hall 218 Second Floor Amtsgerichtsplatz 1 14057 Berlin Germany Creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Dr. Petra Hilgers Goethestr. 85 10623 Berlin Germany The District Court of Charlottenburg opened bankruptcy proceedings against Spieltreff Gothaer Strasse GmbH on March 17, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Spieltreff Gothaer Strasse GmbH Duesseldorfer Str. 42 10707 Berlin Germany TELEDIALOG GMBH: Claims Registration Period Ends May 29 ------------------------------------------------------- Creditors of TeleDialog GmbH have until May 29, 2008, to register their claims with court-appointed insolvency manager Dr. Yorck Tilman Streitboerger. Creditors and other interested parties are encouraged to attend the meeting at 10:00 a.m. on June 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 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: Dr. Yorck Tilman Streitboerger Adenauerplatz 4 33602 Bielefeld Germany The District Court of Bielefeld opened bankruptcy proceedings against TeleDialog GmbH on April 11, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: TeleDialog GmbH Detmolder Str. 241 33605 Bielefeld Germany TEXTILHANDEL GMBH: Claims Registration Period Ends May 29 --------------------------------------------------------- Creditors of Textilhandel GmbH + Co Kommanditgesellschaft fuer Damenoberbekleidung have until May 29, 2008, to register their claims with court-appointed insolvency manager Michael Bremen. Creditors and other interested parties are encouraged to attend the meeting at 9:15 a.m. on June 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 Duesseldorf Meeting Hall A 409 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: Michael Bremen Sternstr. 58 40479 Duesseldorf Germany The District Court of Duesseldorf opened bankruptcy proceedings against Textilhandel GmbH + Co Kommanditgesellschaft fuer Damenoberbekleidung on May 1, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Textilhandel GmbH + Co Kommanditgesellschaft fuer Damenoberbekleidung Anton-Kux-Strasse 2 41460 Neuss Germany TF TIERFOOD: Claims Registration Period Ends May 26 --------------------------------------------------- Creditors of TF Tierfood Fachmarkt Meerbusch GmbH have until May 26, 2008, to register their claims with court-appointed insolvency manager Paul Fink. Creditors and other interested parties are encouraged to attend the meeting at 8:30 a.m. on June 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 Duesseldorf Meeting Hall A 341 Third Floor Muehlenstrasse 34 40213 Duesseldorf Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Dr. Paul Fink Koenigsallee 33 40212 Duesseldorf Germany The District Court of Duesseldorf opened bankruptcy proceedings against TF Tierfood Fachmarkt Meerbusch GmbH on April 17, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: TF Tierfood Fachmarkt Meerbusch GmbH Rudolf-Diesel-Strasse 2 40670 Meerbusch Germany THIELERT AIRCRAFT: Delivery of Skyhawk 172S Model Delayed --------------------------------------------------------- As a result of Thielert Aircraft Engines GmbH’s insolvency filing, delivery of Cessna’s Skyhawk 172S has been delayed, flightglobal.com reports. Flightglobal relates that according to Cessna, there will be no deliveries for the Skyhawk 172S model. Flightglobal adds that the model was to contain a “Jet-A fuelled 155hp (116kW) Thielert Centurion 2.0 litre turbos.” Headquartered in Lichtenstein, Germany, Thielert Aircraft Engines GmbH -- http://www.thielert.com/-- is a full subsidiary of Thielert AG, which develops and manufactures components for high-performance engines and special parts with complex geometries and hardware and software for digital engine control systems. As reported in the Troubled Company Reporter-Europe on April 25, 2008, the executive board of Thielert Aircraft filed for the opening of insolvency at the county court Chemnitz in Germany. TRIE LOGISTIK: Claims Registration Period Ends May 26 ----------------------------------------------------- Creditors of Trie Logistik GmbH mit Sitz in Wismar have until May 26, 2008, to register their claims with court-appointed insolvency manager Dirk Decker. Creditors and other interested parties are encouraged to attend the meeting on June 10, 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 Schwerin 19053 Schwerin Germany The Court will also verify the claims set out in the insolvency manager's report during this meeting, while creditors may constitute a creditors' committee or opt to appoint a new insolvency manager. The insolvency manager can be reached at: Dirk Decker Obotritenring 98 19053 Schwerin Germany The District Court of Schwerin opened bankruptcy proceedings against Trie Logistik GmbH mit Sitz in Wismar on April 11, 2008. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Trie Logistik GmbH mit Sitz in Wismar Rapsacker 8 23556 Luebeck Germany ============= I R E L A N D ============= EIRLES TWO: Fitch Junks Ratings on Three Notes Series ----------------------------------------------------- Fitch Ratings has today downgraded Eirles Two Limited Series 135, 136, 137's floating-rate and variable-rate secured notes due 2039. In addition, the three series have been removed from Rating Watch Negative. The rating of Series 134's variable-rate secured notes due 2039, remains unchanged. -- US$20.625 million Series 134 (ISIN: XS0203295216): remains at 'CC' -- US$16.875 million Series 135 (ISIN: XS0203296370): downgraded to 'CC' from 'CCC' RWN -- US$22.5 million Series 136 (ISIN: XS0203294839): downgraded to CCC' from 'B' RWN -- US$37.5 million Series 137 (ISIN: XS0203295059): downgraded to 'CCC' from 'BB' RWN Fitch's rating action reflects higher loss expectations due to greater-than-expected collateral deterioration in Tsar 11's portfolio. The negative credit migration is primarily attributable to the rapid credit deterioration in subprime residential mortgage-backed securities as well as exposure to US structured finance CDOs. The portfolio comprises US subprime RMBS (30.4%), Alternative A mortgage loans (24.8%) and US diversified structured finance CDOs (13.4%). Since the time of the last rating action in November 2007, there has been further deterioration in the quality of the portfolio. As per the trustee report dated April 2008, 12.5% of the portfolio is rated 'CCC+' or below, with 27.7% of the portfolio rated 'BB+' or below. This compares to credit enhancement levels of 11.14% for Series 137, 8.1% for Series 136 and 5.82% for Series 135. Eirles Two Limited is a special purpose vehicle incorporated under the laws of Ireland. The notes have a scheduled maturity date of Oct. 13, 2039 and absorb the credit risk of a credit default swap with Deutsche Bank AG. The notes are backed by 'AAA'-rated collateral securities funded by the net proceeds from the issue of the notes. The credit default swap with Deutsche Bank AG relates to a reference portfolio of primarily US asset-backed securities obligations. The portfolio completed the ramp up period in April 2006 and the current portfolio notional stands at US$740.9 million. The portfolio is selected by Winchester Capital Principal Finance, a subsidiary of Deutsche Bank AG. EUROMANX: Halts Operations Due to Rising Fuel Costs --------------------------------------------------- EuroManx said in its website that as of May 9, 2008, it was ceasing operations and as a result, no further flights will be operated. The company said that despite attempts to "develop and grow the business," it had faced "insurmountable obstacles" over the last six months that included increasing costs of fuel prices and a reduction in the number of passengers. According to a report by the BBC News, the airline is now undergoing receivership and has resulted in the lose of around 70 jobs. EuroManx -- http://www.euromanx.com/-- provides flights from Isle of Man to locations that includes Belfast, Liverpool, London and Manchester. HORMANN ELECTRONICS: Placed Under Receivership ---------------------------------------------- Hormann Electronics Ltd. is now under receivership with a receiver appointed last May 9, 2008, RTE Business reports. According to Director and Quality Control Manager Denis O'Mullane, RTE adds that the receivership was due to the company being unable to catch up with competition from Eastern Europe as well as those from the Far East. Under receivership, the company intends to sell its assets as a "going concern," RTE relates. Based in Cork, Ireland, Hormann Electronics Ltd. -- http://www.hormann.ie/-- is an electronics contract manufacturing company offering full turnkey services, ranging from Printed Circuit board assembly and test, through full system build and supply chain management. WOODEN HOUSE: Put Into Administration by ACC Bank ------------------------------------------------- ACC Bank has taken control of the Wooden House Lodge Hotel and appointed Tom Kavanagh of Kavanagh Fennell as receiver, the Post.ie reports. Although recently renovated, the hotel eventually stopped operations as a result of “financial difficulties,” the Post relates. The Post adds that ACC took control over the hotel in order to secure debts. The Post further says that the administrator is likely to look for a buyer. The Wooden House Lodge Hotel -- http://www.thewoodenhouse.ie/-- is situated in the village of Kilmore Quay. ========= I T A L Y ========= PARMALAT SPA: Citigroup Won’t Enter Into Settlement Talks --------------------------------------------------------- Citigroup Inc. is not holding talks with Parmalat S.p.A. to settle its U.S. civil case or with Italian investigators for plea-bargain agreements, Thomson Financial News reports, citing sources close to the bank. According to Thomson Financial News, analysts have speculated that Parmalat and Citigroup could reach a settlement during a civil trial in New Jersey. Citigroup is facing a US$2.2 billion in damages in New Jersey and has counter-sued Parmalat for US$699 million. Citigroup executives, meanwhile, are facing criminal charges in Milan and Parma, Italy. The bank has been denying the charges. 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. POWERMATE CORP: U.S. Court Okays Sale of Assets to Pramac --------------------------------------------------------- The Hon. Kevin Gross of the United States Bankruptcy Court for the District of Delaware approved the sale of Powermate Corp. and its debtor-affiliates Powermate Holding Corp. and Powermate International, Inc., to Pramac Industries Inc., for US$6,559,200. Court records show that the assets sold to Pramac include: * raw materials and WIP; * machinery and equipment; * Powermate trademarks; * Powerstation trademarks; and * patents and other intellectual property. Judge Gross had also approved the sale of the Debtors: -- Black Max trademark to Homelite Technologies for US$300,000; -- finished goods to Tap Enterprises Inc. for US$2,525,385; -- certain inventory to Homelite Consumer Products Inc. for US$5,498,143; and -- Magna Force trademarks to MAT Industries LLC US$300,000. About Pramac Pramac group develops and manufactures a wide range of power generation equipment, materials handling equipment and photovoltaic components. Pramac uses its global network to supply these products to markets throughout the World. Pramac’s common stock trades on Borsa Italiana under the symbol PRA. About Powermate Headquartered in Aurora, Illinois, Powermate Corp. -- http://www.powermate.com/-- manufacturers of portable and home standby generators, air compressors, and pressure washers. Powermate Holding Corp. is the parent of Powermate Corp. In turn, Powermate Corp. owns 100% of Powermate International Inc. Powermate Corp. operates the company’s assets located in the United States. Powermate International has sales employees in Hong Kong and the Philippines. Powermate Holding has no employees or operations. The three companies filed for chapter 11 protection on March 17, 2008 (Bankr. D. Del. Lead Case No.08-10498). Kenneth J. Enos, Esq.. and Michael R. Nestor, Esq., at Young, Conaway, Stargatt & Taylor, represent the Debtors. The Official Committee of Unsecured Creditors, which has seven creditor members, is represented by Monika J. Machen, Esq., at Sonnenschein Nath Rosenthal LLP. When the Debtors filed for protection from their creditors, they listed estimated assets and debts between $50 million and $100 million. Powermate Holding has two other non-debtor subsidiaries, Powermate Canadian Corp., located in Canada and Powermate S. de R.L. de C.V., which is domiciled in Mexico. =================== K A Z A K H S T A N =================== ALFATECH LLP: Creditors Must File Claims by June 10 --------------------------------------------------- The Specialized Inter-Regional Economic Court of Almaty has declared LLP Alfatech insolvent. Creditors have until June 10, 2008, to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of Almaty Seifullin ave. 555a 050012, Almaty Kazakhstan Tel: 8 777 296 30-34 FITON LLP: Claims Deadline Slated for June 10 --------------------------------------------- The Specialized Inter-Regional Economic Court of Kostanai has declared LLP Fiton insolvent on March 14, 2008. Creditors have until June 10, 2008, to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of Kostanai Gogol Str. 177a Kostanai Kazakhstan GLOBAL COMMERCE: Claims Filing Period Ends June 10 -------------------------------------------------- LLP Global Commerce Ltd. has declared insolvency. Creditors have until June 10, 2008, to submit written proofs of claims to: LLP Global Commerce Ltd. Micro District Samal, 12 Astana Kazakhstan KAZ BUSINESS: Creditors' Claims Due on June 10 ---------------------------------------------- LLP Kaz Business Engineering has declared insolvency. Creditors have until June 10, 2008, to submit written proofs of claims to: LLP Kaz Business Engineering Abai ave. 221 Astana Kazakhstan PLODORIDIYE LLP: Claims Registration Ends June 17 ------------------------------------------------- The Specialized Inter-Regional Economic Court of Aktube has declared LLP Plodoridiye insolvent. Creditors have until June 17, 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 SARMAT CONSTRUCTION: Claims Deadline Slated for June 17 ------------------------------------------------------- The Specialized Inter-Regional Economic Court of Aktube has declared LLP Sarmat Construction insolvent. Creditors have until June 17, 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 SATURN-EXPRESS LLP: Claims Filing Period Ends June 10 ----------------------------------------------------- The Specialized Inter-Regional Economic Court of Kostanai has declared LLP Saturn-Express insolvent on March 14, 2008. Creditors have until June 10, 2008, to submit written proofs of claims to: The Specialized Inter-Regional Economic Court of Kostanai Gogol Str. 177a Kostanai Kazakhstan =================== K Y R G Y Z S T A N =================== ASIA-HOLDING OJSC: Creditors Must File Claims by June 13 -------------------------------------------------------- OJSC Asia-Holding has declared insolvency. Creditors have until June 13, 2008 to submit written proofs of claim. Inquiries can be addressed to (0-555) 77-07-73. =================== L U X E M B O U R G =================== EVRAZ GROUP: To Acquire 20% of FerroChina for US$167 Million ------------------------------------------------------------ Evraz Group S.A. is planning to acquire a 20% stake in FerroChina Ltd. for US$167 million, Kommersant relates citing Chinese press reports. FerroChina, through adviser Merrill Lynch, commenced its search for a strategic foreign investor to increase sales and access to raw materials, Kommersant reports. Evraz will be competing with BlueScope Steel Ltd. for the stake. According to Kommersant, a stake in FerroChina would complement Evraz's planned acquisition of a 51.05% controlling package in Chinese Delong Holdings. About Evraz Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) -- http://www.evraz.com/-- manufactures and distributes steel and related products. In addition, the Company owns and operates certain mining assets. Its steel production and mining facilities are mainly located in the Russian Federation. It operates three steel mills in Russia, one mill in the Sverdlovsk region and two mills in the Kemerovo region. * * * As reported in the TCR-Europe on May 7, 2008, Fitch Ratings affirmed Evraz's Long-term IDR and senior unsecured ratings of 'BB' and Short-term IDR of 'B'. The ratings of Mastercroft Limited (Evraz's core subsidiary holding most of its key operating assets within Russia) are also affirmed at Long-term IDR 'BB' and Short-term IDR 'B', as is the senior unsecured 'BB' rating of Evraz Securities S.A. The Outlooks for Evraz's and Mastercroft Limited's Long-term IDRs are Stable. Fitch has assigned Evraz Group S.A.'s US$1.05 billion and US$550 million notes due in 2013 and 2018, respectively, final 'BB' ratings. The ratings are in line with Evraz's 'BB' Long-term Issuer Default rating. The notes maturing in 2013 have an annual coupon of 8.875% while the notes maturing in 2018 have an annual coupon of 9.5%. As reported in the TCR-Europe on March 18, 2008, Standard & Poor's Ratings Services affirmed its 'BB-' long-term corporate credit and senior unsecured debt ratings on Russia- based steel producer Evraz Group S.A. and its core subsidiary Mastercroft Ltd. S&P also affirmed the Russia national scale ratings on Evraz and Mastercroft at 'ruAA'. The outlook is positive. At the same time, Moody's Investors Service placed Evraz's Ba2 corporate family rating, Ba2 rating for Senior Notes due 2009 and Ba3 rating for Senior Notes due 2015 on review for possible downgrade following the recent announcement of the acquisition of IPSCO's Canadian plate and pipe business from SSAB for a net cost of US$2.3 billion. =============== P O R T U G A L =============== * Moody's Says Delinquency Trend for Portuguese RMBS Up Q1 2008 --------------------------------------------------------------- In the first quarter of 2007, one Portuguese Residential Mortgage-Backed Securities deal closed. So far, no external rating events have affected any transaction. The delinquency trend in first quarter 2008 was 2.16%, up from 1.33% at the beginning of last year. Generally, 60+ day delinquencies of vintages show moderate growth over time, the report notes. "The 2003 vintage shows 60+ day delinquencies of 0.97% after 24 months whereas the index stands at 1.52%," says Ignacio Rivela, a Moody's senior associate and author of the report. "This vintage appears to be outperforming its peer group to date, which may be attributed to the better collateral quality on closing of some of the 2003 transactions." Current Constant Prepayment Rate stands at 10.99% in first quarter 2008 compared to 7.02% a year ago. "The economic climate in Portugal, whilst showing tentative signs of improvement, remains fragile. Consumer sentiment has, to date, failed to mirror the improvement in business confidence. With the labor market remaining weak, significant improvement is unlikely in the near future. Against this backdrop, house prices remain depressed," says Nitesh Shah, a Moody's economist and co-author of the report. "Delinquency performance has displayed mild deterioration during the economic recovery in Portugal. Economic growth in Portugal is likely to weaken as a consequence of the global slowdown; therefore, we expect the delinquency performance to continue deteriorating.", adds Mr.Shah. =========== R U S S I A =========== BIRYULEVSKIY COLD: Creditors Must File Claims by May 26 ------------------------------------------------------- Creditors of CJSC Biryulevskiy Cold Storage Facility have until May 26, 2008, to submit proofs of claim to: V. Vinogorov Temporary Insolvency Manager Post User Box 96 2nd Dubrovskaya Str. 1 109044 Moscow Russia The Arbitration Court of Moscow will convene at 2:30 p.m. on May 20, 2008, to hear the company's bankruptcy supervision procedure. The case is docketed under Case No. A40-77022/ 06-71-1170B. The Court is located at: The Arbitration Court of Moscow Novaya Basmannaya Str. 10 Moscow Russia The Debtor can be reached at: CJSC Biryulevskiy Cold Storage Facility Stupinskiy Proezd 6 11740 Moscow Russia BRIDGE-INVESTMENT LLC: Creditors Must File Claims by May 26 ----------------------------------------------------------- Creditors of LLC Investment Company Bridge-Investment have until May 26, 2008, to submit proofs of claim to: S. Morozov Temporary Insolvency Manager Office 213 Malaya Yakimanka Str. 24/8 119180 Moscow Russia The Arbitration Court of Moscow will convene at 10:30 a.m. on Aug. 19, 2008, to hear the company's bankruptcy supervision procedure. The case is docketed under Case No. A40-9555/ 08-38-31B. The Court is located at: The Arbitration Court of Moscow Novaya Basmannaya Str. 10 Moscow Russia The Debtor can be reached at: LLC Investment Company Bridge-Investment Building 1 1st Tverskaya-Yamskaya Str. 10 125047 Moscow Russia DALNEVOSTOCHNAYA WOOD: Creditors Must File Claims by May 26 ----------------------------------------------------------- Creditors of LLC Dalnevostochnaya Wood Processing Corporation have until May 26, 2008, to submit proofs of claim to: V. Yurakov Insolvency Manager Post User Box 74 690048 Vladivostok-48 Russia The Arbitration Court of Primorye commenced bankruptcy proceedings against the company after finding it insolvent. The case is docketed under Case No. A51-11446/2207 26-166 B. The Court is located at: Arbitration Court of Primorye Room 313 Svetlanovskaya Str. 54 Vladivostok Russia The Debtor can be reached at: LLC Dalnevostochnaya Wood Processing Corporation 692725 Zarubino Molodezhnaya Str. 7 Russia EVRAZ GROUP: To Acquire 20% of FerroChina for US$167 Million ------------------------------------------------------------ Evraz Group S.A. is planning to acquire a 20% stake in FerroChina Ltd. for US$167 million, Kommersant relates citing Chinese press reports. FerroChina, through adviser Merrill Lynch, commenced its search for a strategic foreign investor to increase sales and access to raw materials, Kommersant reports. Evraz will be competing with BlueScope Steel Ltd. for the stake. According to Kommersant, a stake in FerroChina would complement Evraz's planned acquisition of a 51.05% controlling package in Chinese Delong Holdings. About Evraz Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) -- http://www.evraz.com/-- manufactures and distributes steel and related products. In addition, the Company owns and operates certain mining assets. Its steel production and mining facilities are mainly located in the Russian Federation. It operates three steel mills in Russia, one mill in the Sverdlovsk region and two mills in the Kemerovo region. * * * As reported in the TCR-Europe on May 7, 2008, Fitch Ratings affirmed Evraz's Long-term IDR and senior unsecured ratings of 'BB' and Short-term IDR of 'B'. The ratings of Mastercroft Limited (Evraz's core subsidiary holding most of its key operating assets within Russia) are also affirmed at Long-term IDR 'BB' and Short-term IDR 'B', as is the senior unsecured 'BB' rating of Evraz Securities S.A. The Outlooks for Evraz's and Mastercroft Limited's Long-term IDRs are Stable. Fitch has assigned Evraz Group S.A.'s US$1.05 billion and US$550 million notes due in 2013 and 2018, respectively, final 'BB' ratings. The ratings are in line with Evraz's 'BB' Long-term Issuer Default rating. The notes maturing in 2013 have an annual coupon of 8.875% while the notes maturing in 2018 have an annual coupon of 9.5%. As reported in the TCR-Europe on March 18, 2008, Standard & Poor's Ratings Services affirmed its 'BB-' long-term corporate credit and senior unsecured debt ratings on Russia- based steel producer Evraz Group S.A. and its core subsidiary Mastercroft Ltd. S&P also affirmed the Russia national scale ratings on Evraz and Mastercroft at 'ruAA'. The outlook is positive. At the same time, Moody's Investors Service placed Evraz's Ba2 corporate family rating, Ba2 rating for Senior Notes due 2009 and Ba3 rating for Senior Notes due 2015 on review for possible downgrade following the recent announcement of the acquisition of IPSCO's Canadian plate and pipe business from SSAB for a net cost of US$2.3 billion. KALININSK-SEL-KHOZ-PRODUCT: Creditors Must File Claims by May 26 ---------------------------------------------------------------- Creditors of CJSC Kalininsk-Sel-Khoz-Product have until May 26, 2008, to submit proofs of claim to: A. Fedotov Insolvency Manager Post User Box 5 Post Office Balakovo 413840 Saratov Russia The Arbitration Court of Saratov commenced bankruptcy proceedings against the company after finding it insolvent. The case is docketed under Case No. A-57-24782/07-40. The Court is located at: The Arbitration Court of Saratov Babushkin Vvoz 1 Saratov Russia The Debtor can be reached at: CJSC Kalininsk-Sel-Khoz-Product Kalininsk Saratov Russia PODOZERSKOE PEAT: Creditors Must File Claims by May 26 ------------------------------------------------------ Creditors of OJSC Podozerskoe Peat Enterprise (TIN 3714083488) have until May 26, 2008, to submit proofs of claim to: A. Bogdanets Temporary Insolvency Manager Post User Box 18 Central Post Office Ivanovo Russia The Arbitration Court of Ivanovo commenced bankruptcy supervision procedure on the company. The case is docketed under Case No. A17-6610/2007-14-B. The Court is located at: The Arbitration Court of Ivanovo B. Khmelnitskogo Str. 59B Ivanovo Russia The Debtor can be reached at: OJSC Podozerskoe Peat Enterprise Sportivnaya Str. 1 Podozerskiy Komsomolskiy 153136 Ivanovo Russia PROGRESS LLC: Creditors Must File Claims by May 26 -------------------------------------------------- Creditors of LLC Progress (TIN 6919004500) have until May 26, 2008, to submit proofs of claim to: S. Zhidov Temporary Insolvency Manager Sovetskaya Str. 4 440026 Pneza Russia The Arbitration Court of Tver commenced bankruptcy supervision procedure on the company. The case is docketed under Case No. A66-588/2008. The Court is located at: The Arbitration Court of Tver Room 7 Sovetskaya Str. 23b Tver Russia The Debtor can be reached at: LLC Progress Zarechnaya Str. 2 Vesyegonsk Vesyegonskiy 171720 Tver Russia RED OCTOBER: Creditors Must File Claims by May 26 -------------------------------------------------- Creditors of LLC Red October (TIN 3108004380) have until May 26, 2008, to submit proofs of claim to: V. Goncharov Temporary Insolvency Manager Litovskaya Str. 12a 305023 Kursk Russia The Arbitration Court of Belgorod will convene on June 12, 2008, to hear the company's bankruptcy supervision procedure. The case is docketed under Case No. A08-1134/08-31B. The Court is located at: The Arbitration Court of Belgorod Narodnyj Avenue 135 308600 Belgorod Russia The Debtor can be reached at: LLC Red October Lenina Str. 6 Pochaevo Grayvoronskiy Belgorod Russia SEVERSTAL OAO: Completes US$810 Mln Sparrows Point Acquisition -------------------------------------------------------------- OAO Severstal has completed its acquisition of Sparrows Point LLC from ArcelorMittal for US$810 million, RIA Novosti reports, citing CEO Alexei Mordashev. As reported in the TCR-Europe on March 27, 2008, Severstal Senior Vice President Thomas Veraszto said the acquisition of Sparrows Point will help Severstal's North American unit reduce costs by more than US$50 million yearly and help boost the company's annual output by 20% to 21.1 million metric tons. Sparrows Point, currently owned by ArcelorMittal, was sold by Joseph G. Krauss, Divestiture Trustee, as required by the Final Judgment entered on May 23, 2007 in the United States District Court for the District of Columbia in the matter known as United States v. Mittal Steel Company N.V., to settle a complaint filed by the United States Department of Justice following the merger agreement between Mittal Steel and Arcelor S.A. in 2006. Sparrows Point has a capacity of 3.6 million metric tons of crude steel and shipped 2.3 million metric tons of finished steel products in 2007; it is the only integrated producer of flat rolled steel on the U.S. East Coast and is a major North American supplier of tin mill products. Merrill Lynch & Co. acted as exclusive financial advisor to Severstal and rendered a fairness opinion to the Board of Directors regarding this transaction. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to Severstal. About Severstal Headquartered in Cherepovets, Russia, OAO Severstal -- http://www.severstal.com/-- is the country's largest steel producer, with steel production of 17.1 million tons in 2005. The Company owns Severstal North America, the fifth largest integrated steel maker in the U.S. with 2005 production of 2.7 million tons, and Lucchini, Italy's second largest steel group with 2005 production of 3.5 million tons. Severstal is one of the world's lowest cost and most profitable steel producers, with 2005 EBITDA per ton of around EUR150 per ton. * * * As of March 26, 2008, OAO Severstal carries Ba2 Corporate Family, Senior Unsecured Debt and Probability-of-Default ratings from Moody's Investor Service, which said the the outlook on all ratings is stable. The company also carries BB long-term Foreign and Local Issuer Credit ratings from Standard & Poor's, which said the outlook is stable. Severstal carries BB- Issuer Default and Senior Unsecured ratings from Fitch, which said the outlook is positive. ========= S P A I N ========= FTPYME BANCAJA 4: Fitch Assigns BB- Ratings to FTA Class C Notes --------------------------------------------------------------- Fitch Ratings assigns Negative Rating Outlooks to four classes of Spanish small and medium-sized enterprise collateralized debt obligations as: -- BBVA-6 FTPYME, Fondo De Titulizacion De Activos Class C 'BBB+' ; -- FTPYME Bancaja 6 Fondo de Titulizacion de Activos Class C 'BBB-'; -- FTPYME Bancaja 4, FTA Class D 'BB-' and -- PYME BANCAJA 5, FTA Class C 'BBB'. The Negative Rating Outlooks are driven by a combination of declining performance trends as well as the worsening Spanish macro-economic environment. These Negative Outlooks impact approximately 7% of the 54 outstanding Fitch-rated Spanish SME CDO transactions and approximately 2% of the 256 outstanding tranches. All affected classes are rated in the 'BBB' category or lower. Some of these transactions are from relatively recent vintages that have not benefited from de-leveraging to the same degree as older vintage transactions. URAZCA: Files for Bankruptcy with Debts of EUR65 Million -------------------------------------------------------- Construction and real estate company Urazca has filed for bankruptcy with around EUR65 million in debts, typicallyspanish.com reports. The company, the report adds, additionally has about EUR25 million in commercial debts. Urazca is located in the Basque Country. ===================== S W I T Z E R L A N D ===================== ABC METHOD: Zug Court Commences Bankruptcy Proceedings ------------------------------------------------------ The Bankruptcy Service of Zug commenced bankruptcy proceedings against LLC Abc method on April 1, 2008. The Bankruptcy Service of Zug can be reached at: Bankruptcy Service of Zug 6301 Zug Switzerland ALFRED KRATTIGER: Undergoing Liquidation Proceeding in Mellingen ---------------------------------------------------------------- JSC Alfred Krattiger is currently undergoing liquidation proceedings in Mellingen, Switzerland. The decision about liquidation was accepted at a general meeting on March 4, 2008. Deadline for creditors to file proofs of claim was May 11, 2008. BALLANTRE INVEST: Undergoing Liquidation Proceeding in Olten ------------------------------------------------------------ JSC Ballantre Invest is currently undergoing liquidation proceedings in Olten, Switzerland. The decision about liquidation was accepted at the extraordinary general meeting on March 20, 2008. Deadline for creditors to file proofs of claim was May 10, 2008. CAIM CONSULTING: Undergoing Liquidation Proceeding in Huttwilen --------------------------------------------------------------- CAIM Consulting for Accessory, Instruments and Macins Ltd. liab. Co. is currently undergoing liquidation proceedings in Huttwilen, Switzerland. The decision about liquidation was accepted at the shareholders’ meeting on Dec. 17, 2007. Deadline for creditors to file proofs of claim was May 9, 2008. CD LICHTSYSTEME: Zug Court Initiates Bankruptcy Proceedings ----------------------------------------------------------- The Bankruptcy Service of Zug commenced bankruptcy proceedings against JSC CD Lichtsysteme on April 4, 2008. The Bankruptcy Service of Zug can be reached at: Bankruptcy Service of Zug 6300 Zug Switzerland CORES CONSULTING: Undergoing Liquidation in Unterageri ------------------------------------------------------ LLC CORES Consulting Renee Schneider is currently undergoing liquidation proceedings in Unterageri, Switzerland. The decision about liquidation was accepted at the shareholders’ meeting on March 4, 2008. Deadline for creditors to file proofs of claim was May 10, 2008. EDUARD KETTNER: Undergoing Liquidation Proceeding in Malters ------------------------------------------------------------ JSC Eduard Kettner is currently undergoing liquidation proceeding in Malters, Switzerland. The decision about liquidation was accepted at the extraordinary general meeting on Jan. 30, 2008. Deadline for creditors to file proofs of claim was May 9, 2008. ERESTE TREUHAND: Undergoing Liquidation Proceeding in Dallikon -------------------------------------------------------------- LLC Ereste Treuhand is currently undergoing liquidation proceedings in Dallikon ZH, Switzerland. The decision about liquidation was accepted at the extraordinary shareholders’ meeting on Dec. 20, 2007. Deadline for creditors to file proofs of claim was May 9, 2008. EXPRESS-CHARLY LLC: Zug Court Initiates Bankruptcy Proceedings -------------------------------------------------------------- The Bankruptcy Service of Zug commenced bankruptcy proceedings against LLC Express-Charly on April 1, 2008. The Bankruptcy Service of Zug can be reached at: Bankruptcy Service of Zug 6301 Zug Switzerland FAMO HOLDING: Undergoing Liquidation Proceeding in Risch -------------------------------------------------------- JSC Famo Holding is currently undergoing liquidation proceedings in Risch, Switzerland. The decision about liquidation was accepted at the general meeting on Nov. 1, 2006. Deadline for creditors to file proofs of claim was May 9, 2008. GILUCA LLC: Zug Court Initiates Bankruptcy Proceedings ------------------------------------------------------ The Bankruptcy Service of Zug commenced bankruptcy proceedings against LLC Express-Charly on April 1, 2008. The Bankruptcy Service of Zug can be reached at: Bankruptcy Service of Zug 6300 Zug Switzerland KURT MAURER: Undergoing Liquidation Proceeding in Schoftland ------------------------------------------------------------ JSC Kurt Maurer is currently undergoing liquidation proceedings in Schoftland, Switzerland. The decision about liquidation was accepted at the general meeting on March 6, 2008. Deadline for creditors to file proofs of claim was May 11, 2008. LUCKY BAMBO: Undergoing Liquidation Proceeding in Baden ------------------------------------------------------- LLC Lucky Bambo is currently undergoing liquidation proceedings in Baden, Switzerland. The decision about liquidation was accepted at the extraordinary shareholders’ meeting on Feb. 20, 2008. Deadline for creditors to file proofs of claim was May 11, 2008. OEKOBLAST JSC: Undergoing Liquidation Proceeding in Zuzgen ---------------------------------------------------------- JSC OEKOBLAST is currently undergoing liquidation proceedings in Zuzgen, Switzerland. The decision about liquidation was accepted at the extraordinary general meeting on Feb. 29, 2008. Deadline for creditors to file proofs of claim was May 11, 2008. SCHAPPI JSC: Undergoing Liquidation Proceeding in Stansstad ----------------------------------------------------------- JSC Schappi is currently undergoing liquidation proceedings in Stansstad, Switzerland. The decision about liquidation was accepted at the extraordinary general meeting on March 17, 2008. Deadline for creditors to file proofs of claim was May 9, 2008. VINOMANIA LLC: Undergoing Liquidation Proceeding in Fahrwangen -------------------------------------------------------------- LLC Vinomania is currently undergoing liquidation proceedings in Fahrwangen, Switzerland. The decision about liquidation was accepted at the extraordinary shareholders’ meeting on Jan. 30, 2008. Deadline for creditors to file proofs of claim was May 10, 2008. ============= U K R A I N E ============= BRIANKA MOTORCAR: Proofs of Claim Deadline Set May 22 ----------------------------------------------------- Creditors of OJSC Brianka Motorcar Transport Enterprise 10924 (code EDRPOU 03113331) have until May 22, 2008, to submit proofs of claim to: The Economic Court of Lugansk Geroiv VVV Square 3a 91000 Lugansk Ukraine The Economic Court of Lugansk commenced bankruptcy proceedings against the company on April 10, 2008, after finding it insolvent. The case is docketed as 9/165b. The Debtor can be reached at: OJSC Brianka Motorcar Transport Enterprise 10924 Techbazovskaya Str. 1 Brianka 94105 Lugansk Ukraine BUSINESSELIT LLC: Proofs of Claim Deadline Set May 22 ----------------------------------------------------- Creditors of LLC Businesselit (code EDRPOU 33831590) have until May 22, 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 23/345-b. The Debtor can be reached at: LLC Businesselit Novopechersky Lane 5 Kiev Ukraine GARINDUSTRIALSERVICE LLC: Proofs of Claim Deadline Set May 22 ------------------------------------------------------------- Creditors of LLC Garindustrialservice (code EDRPOU 33969013) have until May 22, 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. The case is docketed as 5/175/08. The Debtor can be reached at: LLC Garindustrialservice Artileriyskaya Str. 10 54030 Nikolaev Ukraine MALIRANGE LLC: Proofs of Claim Deadline Set May 22 -------------------------------------------------- Creditors of LLC Malirange (code EDRPOU 34045416) have until May 22, 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 23/344-b. The Debtor can be reached at: LLC Malirange Mechnikov/Pervomaysky Str. 10/2 Kiev Ukraine MATRIX UKRAINE: Proofs of Claim Deadline Set May 22 --------------------------------------------------- Creditors of Matrix Ukraine (code EDRPOU 32288231) have until May 22, 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 on March 18, 2008, after finding it insolvent. The case is docketed as 2/23-08-483. The Debtor can be reached at: Matrix Ukraine Lidersovsky Boulevard 3 65044 Odessa Ukraine OVETRI CJSC: Creditors Must File Claims by May 22