TCREUR_Public/080611.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

             Wednesday, June 11, 2008, Vol. 9, No. 115

                            Headlines


G E R M A N Y

BURCON CONSULT: Claims Registration Period Ends June 27
DENTLAS GMBH: Claims Registration Period Ends June 27
DRUCKHAUS KLEIN: Claims Registration Period Ends June 27
ISOMA BAUSTOFFSYSTEME: Claims Registration Period Ends June 27
K & M MALEREIBETRIEB: Claims Registration Period Ends June 27

KRAUTSCHNEIDER TIEFBAU: Claims Registration Period Ends June 27
LUFT FENSTER: Claims Registration Period Ends June 27
MAINKA TECHNIK-SERVICE: Claims Registration Period Ends June 27
MEIN HAUS!: Claims Registration Period Ends June 27
MK-BAUGESELLSCHAFT MBH: Claims Registration Ends June 27

PIN MAIL: Claims Registration Ends June 27
S & P SCHORNSTEIN: Claims Registration Ends June 27
SCHENK PLASTIC: Claims Registration Ends June 27
TI IMPORT: Claims Registration Ends June 27


I T A L Y

ALITALIA SPA: Air France-KLM Ends Hopes for Possible Bid
FIAT SPA: Inks Two Joint Ventures with Sollers JSC
FIAT SPA: Resumes Production at Cassino and Melfi Plants
SEAT PAGINE: Appoints Massimo Castelli General Manager for Italy
SEAT PAGINE: Names Massimo Cristofori as Chief Financial Officer

TISCALI SPA: Massimo Cristofori Quits as Finance Chief


K A Z A K H S T A N

ASIA SAHAR: Creditors Must File Claims by July 18
ENERGO COMPLECT: Claims Deadline Slated for July 18
EUROASIA TRADING: Claims Filing Period Ends July 22
JASULAN-TRADE LLP: Creditors' Claims Due on July 22
RENESSANS CAPITAL: Claims Registration Ends July 18

STROY INVEST: Creditors Must File Claims by July 18
TECH STROY: Claims Deadline Slated for July 18
TECHNO STROY: Claims Filing Period Ends July 22
TRANS AUTO-2005: Creditors' Claims Due on July 18


K Y R G Y Z S T A N

TRANS GAS: Creditors Must File Claims by July 11


R U S S I A

APPLE LLC: Bashkortostan Bankruptcy Hearing Slated for July 7
ALLOY LLC: Creditors Must File Claims by July 24
DONSKAYA BUILDING: Court Names M. Demirov as Insolvency Manager
FRAM CJSC: Creditors Must File Claims by July 24
INTERNATIONAL BUILDING: Bankruptcy Hearing Slated for Sept. 18

LAZDENEN LLC: Creditors Must File Claims by July 24
MICRO-TALC OJSC: Court Starts Bankruptcy Supervision Procedure
PIT KRASNOLESYE: Kaliningrad Bankruptcy Hearing Set August 11
PROM-SVYAZ' OJSC: Creditors Must File Claims by July 24
SEL-KHOZ-TEKHNIKA: Creditors Must File Claims by June 24

SEV-STROY-SNAB: Creditors Must File Claims by June 24
SOCHI-OIL-STROY: Creditors Must File Claims by July 24
TAYSHETSKIY COMBINE: Asset Sale Slated for June 25
VIMPEL-COMMUNICATIONS: Shareholders Approve RUR13.85BB Dividends
VIMPEL-COMMUNICATIONS: Shareholders Elect New Board

VTOR-CHER-MET: Creditors Must File Claims by July 24
YURYEV-POLSKIY BAKERY: Names S. Skachkov as Insolvency Manager


U K R A I N E

B. HMELNITSKY LLC: Creditors Must File Claims by June 22
BON: Creditors Must File Claims by June 25
DAKRON LLC: Proofs of Claim Deadline Set June 22
GENERAL CONTRACTOR: Creditors Must File Claims by June 25
IZIUM MEATCOMBINE: Proofs of Claim Deadline Set June 25

LADA-SERVICE: Creditors Must File Claims by June 22
MARKET PODZAMCHEYE: Creditors Must File Claims by June 25
NIKOLAYEV CLOTHING: Creditors Must File Claims by June 22
NPSO FOCON: Creditors Must File Claims by June 22
RADIOSERVICE: Creditors Must File Claims by June 25

SONOPIA LLC: Creditors Must File Claims by June 25
SPECIAL TECHNICAL: Proofs of Claim Deadline Set June 25


U N I T E D   K I N G D O M

FELIX CORPORATION: Brings In Liquidators from KPMG
GLENADEN SHIRTS: Loss of Big Customer Prompts Administration
JT FRITH: Debts Prompts Shareholders to Approve Administration
LEGER FOODS: Calls In Liquidators from Tenon Recovery
LEMONPARK CONSTRUCTION: Goes Into Voluntary Liquidation

PHOTO-OPTIX LIMITED: Calls in Joint Administrators
SCOTTISH RE: Selling International Life Unit to PacificLife

* Moody's Says UK Non-conforming RMBS Delinquencies Rise in Q1


                            *********



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


BURCON CONSULT: Claims Registration Period Ends June 27
-------------------------------------------------------
Creditors of BURCON Consult GmbH have until June 27, 2008, to
register their claims with court-appointed insolvency manager
Bernd Klose.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Aug. 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 Bad Homburg v.d. Hoehe
         Room 316
         Third Floor
         Auf der Steinkaut 10-12
         61352 Bad Homburg v.d. Hoehe
         Germany

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

The insolvency manager can be reached at:

         Bernd Klose
         Am Houiller Platz 4
         D 61381 Friedrichsdorf/Ts.
         Germany

The District Court of Bad Homburg v.d. Hoehe opened bankruptcy
proceedings against BURCON Consult GmbH on May 19, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         BURCON Consult GmbH
         Attn: Burkhard Schneider, Manager
         Toepferstrasse 4
         61381 Friedrichsdorf/Ts.
         Germany


DENTLAS GMBH: Claims Registration Period Ends June 27
-----------------------------------------------------
Creditors of DENTLAS GmbH Dental-Labor Singer have until
June 27, 2008, to register their claims with court-appointed
insolvency manager Bernward Widera.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Aug. 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 Chemnitz
         Hall 28
         Fuerstenstrasse 21-23
         09130 Chemnitz
         Germany

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

The insolvency manager can be reached at:

         Bernward Widera
         Buettenstrasse 4
         08058 Zwickau
         Germany
         Tel: (03 75) 81 89 20
         Fax: (03 75) 818 92 14
         E-mail: widera@zwickau-net.de  

The District Court of Chemnitz opened bankruptcy proceedings
against DENTLAS GmbH Dental-Labor Singer on May 20, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         DENTLAS GmbH Dental-Labor Singer
         Attn: Petra Singer, Manager
         Reichenbacher Strasse 38
         08056 Zwickau
         Germany


DRUCKHAUS KLEIN: Claims Registration Period Ends June 27
--------------------------------------------------------
Creditors of Druckhaus Klein GmbH have until June 27, 2008, to
register their claims with court-appointed insolvency manager
Christian Hanken.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 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 Wilhelmshaven
         Hall 109
         Old Building
         Market Route 15
         26382 Wilhelmshaven
         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 Hanken
         Wallstrasse 3
         26409 Wittmund
         Germany
         Tel: 04462/919112
         Fax: 04462/919191
         E-mail: christian.Hanken@rechtsanwaelte-hanken.de
         Website: www.rechtsanwaelte-hanken.de

The District Court of Wilhelmshaven opened bankruptcy
proceedings against Druckhaus Klein GmbH on May 1, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Druckhaus Klein GmbH
         Ebertstrasse 216
         26382 Wilhelmshaven
         Germany

         Attn: Willem Klein, Manager
         Eichenweg 16
         26452 Sande
         Germany


ISOMA BAUSTOFFSYSTEME: Claims Registration Period Ends June 27
--------------------------------------------------------------
Creditors of ISOMA Baustoffsysteme GmbH have until June 27,
2008, to register their claims with court-appointed insolvency
manager Thomas Linse.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on July 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 Fuerth
         Room 216
         Office Building 2
         Baumenstrasse 28
         Fuerth
         Germany

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

The insolvency manager can be reached at:

         Thomas Linse
         Aussere Sulzbacher Str. 29
         90491 Nuernberg
         Germany
         Tel: 0911/598704
         Fax: 0911/5987379

The District Court of Fuerth opened bankruptcy proceedings
against ISOMA Baustoffsysteme GmbH on May 13, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         ISOMA Baustoffsysteme GmbH
         Thierberg 28
         91443 Scheinfeld
         Germany


K & M MALEREIBETRIEB: Claims Registration Period Ends June 27
-------------------------------------------------------------
Creditors of K & M Malereibetrieb GmbH have until June 27, 2008,
to register their claims with court-appointed insolvency manager
Thomas Erdmann.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on July 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 Celle Nebenstelle
         Hall 014
         Ground Floor
         Branch Mill Road 4
         29221 Celle
         Germany

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

The insolvency manager can be reached at:

         Thomas Erdmann
         Einfrielinger Weg 4
         29614 Soltau
         Germany
         Tel: 05191-96730
         Fax: 05191-967320
         E-mail: Rae.Erdmann@t-online.de  

The District Court of Celle Nebenstelle opened bankruptcy
proceedings against K & M Malereibetrieb GmbH on May 6, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         K & M Malereibetrieb GmbH
         Attn: Waltraud Klask, Manager
         Celler Strasse 5
         29614 Soltau
         Germany


KRAUTSCHNEIDER TIEFBAU: Claims Registration Period Ends June 27
---------------------------------------------------------------
Creditors of Krautschneider Tiefbau GmbH have until June 27,
2008, to register their claims with court-appointed insolvency
manager Dr. Ulf Martini.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on Aug. 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 Ludwigshafen am Rhein
         Meeting Hall 13
         Wittelsbachstr. 10
         67061 Ludwigshafen am Rhein
         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. Ulf Martini
         E3, 16
         68159 Mannheim
         Germany

The District Court of Ludwigshafen am Rhein opened bankruptcy
proceedings against Krautschneider Tiefbau GmbH on May 26, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Krautschneider Tiefbau GmbH
         Rudolf-Diesel-Strasse 15
         67227 Frankenthal
         Germany


LUFT FENSTER: Claims Registration Period Ends June 27
-----------------------------------------------------
Creditors of Luft Fenster-Tueren-Produktion GmbH have until June
27, 2008, to register their claims with court-appointed
insolvency manager Rolf Rombach.

Creditors and other interested parties are encouraged to attend
the meeting at 1:35 p.m. on July 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 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:

         Rolf Rombach
         Magdeburger Allee 159
         99086 Erfurt
         Germany
         Tel: 0361/730650

The District Court of Erfurt opened bankruptcy proceedings
against Luft Fenster-Türen-Produktion GmbH on May 8, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Luft Fenster-Tueren-Produktion GmbH
         Attn: Holger Luft, Manager
         Am Duerstborne 4
         99510 Apolda
         Germany


MAINKA TECHNIK-SERVICE: Claims Registration Period Ends June 27
---------------------------------------------------------------
Creditors of Mainka Technik-Service GmbH have until June 27,
2008, to register their claims with court-appointed insolvency
manager Arne Meyer.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Aug. 5, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Aachen
         Meeting Hall K 5
         Third Floor
         Alter Posthof 1
         52062 Aachen
         Germany

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

The insolvency manager can be reached at:

         Arne Meyer
         Viktoriastr. 73-75
         52066 Aachen
         Germany
         Tel: 0241/94919-29
         Fax: 0241/94919-19

The District Court of Aachen opened bankruptcy proceedings
against Mainka Technik-Service GmbH on May 9, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Mainka Technik-Service GmbH
         Hauptstr. 117
         52372 Kreuzau
         Germany


MEIN HAUS!: Claims Registration Period Ends June 27
---------------------------------------------------
Creditors of Mein Haus! Generalbau GmbH have until June 27,
2008, to register their claims with court-appointed insolvency
manager Karina Schwarz.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on July 18, 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:

         Karina Schwarz
         Ernst-August-Platz 10
         30159 Hannover
         Germany
         Tel: 0511/4753390
         Fax: 0511/4753399
         E-mail: k.schwarz@rechtsanwaelte-schwarz.de  

The District Court of Gifhorn opened bankruptcy proceedings
against Mein Haus! Generalbau GmbH on May 20, .  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Mein Haus! Generalbau GmbH
         Attn: Dietmar Bollhoener, Manager
         Hafenstrasse 1
         38527 Meine
         Germany


MK-BAUGESELLSCHAFT MBH: Claims Registration Ends June 27
--------------------------------------------------------
Creditors of MK-Baugesellschaft mbH have until June 27, 2008 to
register their claims with court-appointed insolvency manager  
Joachim Schneider.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Aug. 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 Chemnitz
         Hall 28
         Fuerstenstr. 21-23
         09130 Chemnitz
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Joachim Schneider
         Tatzendpromenade 2
         07745 Jena
         Germany
         Tel: (036 41) 20 22 00
         Fax: (036 41) 20 22 12
         E-mail: andres_schneider_jena@t-online.de  

The District Court of Chemnitz opened bankruptcy proceedings
against MK-Baugesellschaft mbH on May 16, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         MK-Baugesellschaft mbH
         Attn: Mario Gemeinhardt, Manager
         Elsterberger Strasse 18
         08491 Netzschkau
         Germany


PIN MAIL: Claims Registration Ends June 27
------------------------------------------
Creditors of PIN Mail Sachsen GmbH have until June 27, 2008 to
register their claims with court-appointed insolvency manager
Dr. Andreas Ringstmeier.

Creditors and other interested parties are encouraged to attend
the meeting at 11:30 a.m. on July 22, 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 Cologne
         Meeting Hall 142
         First Floor
         Luxemburger Str. 101
         50939 Cologne
         Germany

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

The insolvency manager can be reached at:

         Dr. Andreas Ringstmeier
         Magnusstr. 13
         50672 Cologne
         Germany

The District Court of Cologne opened bankruptcy proceedings
against PIN Mail Sachsen GmbH on May 1, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         PIN Mail Sachsen GmbH
         Attn: Matthias Krueger, Manager
         Druckereistr. 5
         04159 Leipzig
         Germany


S & P SCHORNSTEIN: Claims Registration Ends June 27
---------------------------------------------------
Creditors of S & P Schornstein- u. Fassadenbau GmbH have until
June 27, 2008 to register their claims with court-appointed
insolvency manager Beate Thompson.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on July 14, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Kiel
         18 Deliusstr. 22
         Kiel
         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:

         Beate Thompson
         Willestr. 3
         24103 Kiel
         Germany
         Tel: 0431/888970

The District Court of Kiel opened bankruptcy proceedings against
S & P Schornstein- u. Fassadenbau GmbH on May 20, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         S & P Schornstein- u. Fassadenbau GmbH
         Attn: Horst Dieter Stobbe and
         Mirko Schoenbron, Managers
         Ihlberg 4
         24109 Melsdorf
         Germany


SCHENK PLASTIC: Claims Registration Ends June 27
------------------------------------------------
Creditors of Schenk Plastic Solutions GmbH have until June 27,
2008 to register their claims with court-appointed insolvency
manager Manfred Dobler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 29, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Esslingen
         Hall 1
         First Floor       
         Ritterstr. 5
         Esslingen
         Germany
      
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Manfred Dobler
         Gansheidestr. 1
         70184 Stuttgart
         Germany
         Tel: 0711/16433-0
         Fax: 0711/16433-50

The District Court of Esslingen opened bankruptcy proceedings
against Schenk Plastic Solutions GmbH on May 1, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Schenk Plastic Solutions GmbH
         Attn: Andreas R. Budde, Manager
         Teckstr. 60
         73734 Esslingen
         Germany


TI IMPORT: Claims Registration Ends June 27
-------------------------------------------
Creditors of TI Import GmbH Orientteppiche und Moebel have until
June 27, 2008 to register their claims with court-appointed
insolvency manager Dr. Tibor Daniel Braun.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on July 22, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Stuttgart
         Hall 178
         Hauffstr. 5
         70190 Stuttgart
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Tibor Daniel Braun
         Kriegerstr. 3
         70191 Stuttgart
         Germany
         Tel: 0711/22 55 830
         Fax: 0711/22 55 83 20

The District Court of Stuttgart opened bankruptcy proceedings
against  TI Import GmbH Orientteppiche und Moebel on May 29,
2008.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

         TI Import GmbH Orientteppiche und Moebel
         Attn: Maxim Traxel, Manager
         Schuettelgrabenring 17
         71332 Waiblingen
         Germany


=========
I T A L Y
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ALITALIA SPA: Air France-KLM Ends Hopes for Possible Bid
--------------------------------------------------------
Air France-KLM S.A.'s interest in acquiring the Italian
government's 49.9% stake in Alitalia S.p.A. is a "case closed,"
Reuters reports citing the French carrier's chief executive
Jean-Cyril Spinetta.

As previously reported in the TCR-Europe, Mr. Spinetta said Air
France may restart acquisition talks.  He, however, said it
would be difficult to resume talks in the current economic
environment, adding that taking over Alitalia might not create
value for Air France's shareholders.

In May 2008, Fabio Verna, financial consultant to prime
ministerial adviser Bruno Ermolli, said it is possible that the
government may resume negotiations over Alitalia.  Air France's
withdrawal from the sale talks does not mean that the French
carrier is not interested in resuming talks on different
conditions and different financial consideration.

Prime Minister Silvio Berlusconi tasked Mr. Ermolli to find a
local buyer for the government's 49.9% stake in Alitalia.

                         About Alitalia

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

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively.  Alitalia posted EUR93 million in
net profits in 2002 after a EUR1.4 billion capital injection.
The carrier booked annual net losses of EUR520 million in 2003,
EUR813 million in 2004, EUR168 million in 2005, EUR625.6 million
in 2006, and EUR494.64 million in 2007.


FIAT SPA: Inks Two Joint Ventures with Sollers JSC
--------------------------------------------------
Fiat Group, on June 7, 2008, signed two master joint ventures
agreements with Sollers JSC for the manufacture and distribution
of Fiat passenger cars and the production of Fiat Powertrain
Technologies' F1A diesel engines.

The agreements were signed by Sergio Marchionne, CEO of Fiat
Group, and Vadim Shvetsov, CEO of Sollers.

Fiat Group Automobiles and Sollers JV, who is already assembling
the Fiat Ducato light commercial vehicle, have also agreed to
increase the output at Tatarstan' facility for the manufacture
of up to 50,000 Fiat Linea sedans whose production will start
later this year.  In addition, the joint-venture, in which Fiat
Group Automobiles and Sollers will each hold a 50 per cent
stake, will be in charge of marketing and sales of all Fiat
brand products in Russia.

The new joint-venture will be integrated into the Fiat Group
Automobiles international production network and will therefore
be provided with full support of its marketing and product
strategies, similar to other Fiat international projects and
joint-ventures.  Fiat Powertrain Technologies and Sollers will
each hold a 50 per cent stake in the second joint-venture that
will produce up to 90,000 engines a year, starting from the next
winter.  The joint-venture will provide engines for the
manufacture of the Fiat Ducato, whose assembly has already
started in Yelabuga Special Economic Zone in the Republic of
Tatarstan, and F1A engines for the production of the UAZ
Patriot, an off-roader manufactured by Sollers at UAZ production
facilities in Ulyanovski.

Mr. Marchionne said, "Today represents a two sided cornerstone
for Fiat Group Automobiles and FPT: our partnership with Sollers
starts a key chapter within the framework of a strategic
alliance that is already benefiting from the strengths of the
two partners in one of the world's fastest growing automotive
markets.  And second it reinforces Fiat Group's aggressively
pursued strategy of setting up targeted alliances aimed at
leveraging Fiat expertise, expanding its geographic reach,
filling its product offering and lowering its cost base."

Mr. Shvetsov said, "The establishment of these joint-ventures
has become an important step forward in our industrial
cooperation with Fiat group which began in 2006.  The new joint-
ventures will help us to considerably strengthen Fiat positions
in Russia and take maximum advantage of the Russian automotive
market.  I am confident that the local production of F1A engines
will increase the competitive advantages of the Fiat Ducato on
the Russian market and help to fully satisfy our customers'
needs given the growing demand for diesel engines in Russia."

                        About Fiat S.p.A.

Based in Turin, Italy, Fiat SpA -- http://www.fiatgroup.com/--
designs, manufactures, and sells automobiles, trucks, wheel
loaders, excavators, telehandlers, tractors and combine
harvesters.  Outside Europe, the company has subsidiaries in the
United States, Japan, India, China, Mexico, Brazil and
Argentina, among others.

                          *     *     *

Fiat carries Standard & Poor's Ratings Services' BB
long-term corporate credit rating.  The company also carries a B
short-term rating.  S&P said the outlook is stable.


FIAT SPA: Resumes Production at Cassino and Melfi Plants
--------------------------------------------------------
Fiat SpA has resumed production at its Cassino and Melfi plants,
Reuters reports citing a company spokeswoman.  Production at the
Cassino plant was suspended on June 3 as a result of a strike by
truck drivers in protest against the rising costs of fuel,
Reuters adds.  Production at the Melfi plant was suspended the
next day, June 4.

Production at the company's Termini Imerese plant was also
suspended on June 5 due to the strike.  However no update was
available on its status as of press time.

                          About Fiat

Based in Turin, Italy, Fiat SpA -- http://www.fiatgroup.com/--
designs, manufactures, and sells automobiles, trucks, wheel
loaders, excavators, telehandlers, tractors and combine
harvesters.  Outside Europe, the company has subsidiaries in the
United States, Japan, India, China, Mexico, Brazil and
Argentina, among others.

                          *     *     *

The company also carries Standard & Poor's Ratings Services' BB
long-term corporate credit rating.  The company also carries B
short-term rating.  S&P said the outlook is stable.


SEAT PAGINE: Appoints Massimo Castelli General Manager for Italy
----------------------------------------------------------------
Seat Pagine Gialle S.p.A. has appointed Massimo Castelli as
General Manager for Italy.

Seat launched a new corporate structure that includes setting up
a General Management Department for Italy, which reports to the
CEO and includes the sales and operations activities for Italy
-- the structure of the Group’s other departments shall remain
unchanged.

"SEAT Pagine Gialle is working to enhance the Internet skills
and services that have allowed it to serve as a reference point
for local communications for businesses and public
administrations for years, in order to further develop its
position as a world leader for new digital media," Luca Majocchi
said, CEO of SEAT Pagine Gialle.  "Massimo Castelli is an
experienced and skilled manager who I am certain will contribute
to strengthening our company, which aims at being ever more
customer oriented and innovative in its own print, telephone and
Internet multimedia products."

"I am excited to be joining SEAT, a company with great
potential," Mr. Castelli said, "and I am certain that the
expertise and skills that characterize this company will enable
me to succeed in this new professional challenge."

                    About Seat Pagine Gialle

Headquartered in Turin, Italy, Seat Pagine Gialle S.p.A.
-- http://www.seat.it/-- provides a multimedia platform for
assisting in the development of business contacts between users
and advertisers.  

                         *     *     *

Seat Pagine Gialle S.p.A. continues to carry BB– long-term
corporate credit rating from Standard & Poor's Ratings Services,
with negative outlook.  Seat's EUR1.3 billion bond also carries
BB- rating.  S&P affirmed the ratings in May 2008.

The company also carries BB- long-term Issuer Default rating
with negative outlook from Fitch Ratings, which affirmed the
rating in April 2008.


SEAT PAGINE: Names Massimo Cristofori as Chief Financial Officer
----------------------------------------------------------------
Chief Executive Officer Luca Majocchi has completed Seat Pagine
Gialle S.p.A.'s top management team by appointing Massimo
Cristofori Chief Financial Officer.

Mr. Cristofori will also be in charge of the company's financial
reports, a responsibility that was handled temporarily by Seat's
Chief Executive Officer.

Mr. Cristofori previously worked for Tiscali, where he held the
position of Chief Financial Officer since 2000.  At Tiscali,
Cristofori was involved in the process that, through M&A and
extraordinary financial transactions, helped make the company
one of the key independent players in the sector of
telecommunications and the Internet.

Mr. Cristofori had held the same position at Class Editori,
after having gained valuable experience in the media industry
with RCS Editori as M&A Manager and Controller Manager.

"The arrival of Massimo Cristofori marks another important step
towards reinforcing our management team," commented Mr.
Majocchi.  "Cristofori brings with him know-how and capabilities
that are important for the development of our company, not only
for the Italian Internet market, but also for managing the
Group's international equity investments."

                    About Seat Pagine Gialle

Headquartered in Turin, Italy, Seat Pagine Gialle S.p.A.
-- http://www.seat.it/-- provides a multimedia platform for
assisting in the development of business contacts between users
and advertisers.  

                       *     *     *

Seat Pagine Gialle S.p.A. continues to carry BB– long-term
corporate credit rating from Standard & Poor's Ratings Services,
with negative outlook.  Seat's EUR1.3 billion bond also carries
BB- rating.  S&P affirmed the ratings in May 2008.

The company also carries BB- long-term Issuer Default rating
with negative outlook from Fitch Ratings, which affirmed the
rating in April 2008.


TISCALI SPA: Massimo Cristofori Quits as Finance Chief
------------------------------------------------------
Tiscali S.p.A. communicates that, after over eight years of
fruitful cooperation, Massimo Cristofori, Group CFO, will leave
the Company to pursue another career.

Mr. Cristofori, who will remain Board Member of Tiscali S.p.A ,
has accompanied the company since the first years in its
evolution from the start-up phase, managing the team who has
also followed the transactions which have led to the current
structure of the Group.

Mario Rosso, Chairman and CEO of Tiscali S.p.A, wishes to thank
Mr. Cristofori, on behalf of the whole Group, for the important
and valuable contribution during these years and wishes him to
successfully continue his career.

The new organizational structure of Tiscali foresees that the
these managers within the Finance area now report directly to
Mario Rosso, Group CEO:

    * Ernesto Fara (Head of Administration and Treasury);

    * Romano Fischetti (Head of Planning, Reporting and Control,
      to become manager in charge of the preparation of
      financial statements);

    * Antonio Corda (Head of Legal and Corporate Affairs); and

    * Chiara Dorigotti (Head of Investor Relations and
      Communication).

Luca Scano will become CFO of Tiscali Italia.

                         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.

                         *     *     *

Tiscali S.p.A. continues to carry Standard & Poor's Ratings
Services' B+ long-term corporate credit rating.  The rating was
previously at B and was raised by S&P to its current level in
February 2008.


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


ASIA SAHAR: Creditors Must File Claims by July 18
-------------------------------------------------  
Akmola Representation of JSC Asia Sahar has declared insolvency.  
Creditors have until July 18, 2008, to submit written proofs of
claims to:

         Akmola Representation of
         JSC Asia Sahar
         Office 41
         Jeltoksan Str. 30
         Astana
         Kazakhstan


ENERGO COMPLECT: Claims Deadline Slated for July 18
---------------------------------------------------  
The Specialized Inter-Regional Economic Court of Karaganda has
declared LLP Energo Complect insolvent.

Creditors have until July 18, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Karaganda
         Jambyl Str. 9
         Karaganda
         Kazakhstan


EUROASIA TRADING: Claims Filing Period Ends July 22
---------------------------------------------------  
LLP Euroasia Trading Company has declared insolvency.  Creditors
have until July 22, 2008, to submit written proofs of claims to:

         LLP Euroasia Trading Company
         Mahambet Str. 118
         Atyrau
         Kazakhstan


JASULAN-TRADE LLP: Creditors' Claims Due on July 22
---------------------------------------------------  
The Specialized Inter-Regional Economic Court of East Kazakhstan
has declared LLP Jasulan-Trade insolvent.

Creditors have until July 22, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan
         Myzy Str. 2/1
         Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan
         Tel: 8 (7232) 24-06-50


RENESSANS CAPITAL: Claims Registration Ends July 18
---------------------------------------------------  
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Renessans Capital insolvent.

Creditors have until July 18, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Room 208
         Auelbekov Str. 139a
         Kokshetau
         Akmola
         Kazakhstan
         Tel: 8 (7162) 40-17-08


STROY INVEST: Creditors Must File Claims by July 18
---------------------------------------------------  
The Specialized Inter-Regional Economic Court of East Kazakhstan
has declared LLP Company Stroy Invest insolvent.

Creditors have until July 18, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan
         Frunze Str. 52-52
         Zyryanovsk
         East Kazakhstan
         Kazakhstan
         Tel: 8 (72335) 6-03-83
              8 (72335) 4-01-07


TECH STROY: Claims Deadline Slated for July 18
----------------------------------------------  
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Tech Stroy Snub Plus insolvent.

Creditors have until July 18, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Room 208
         Auelbekov Str. 139a
         Kokshetau
         Akmola
         Kazakhstan
         Tel: 8 (7162) 40-17-08


TECHNO STROY: Claims Filing Period Ends July 22
-----------------------------------------------  
The Specialized Inter-Regional Economic Court of South
Kazakhstan has declared LLP Techno Stroy Service-Ltd. insolvent.

Creditors have until July 22, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of South Kazakhstan
         Ilyaev Str. 24
         Shymkent
         South Kazakhstan
         Kazakhstan


TRANS AUTO-2005: Creditors' Claims Due on July 18
-------------------------------------------------  
The Specialized Inter-Regional Economic Court of Karaganda has
declared LLP Kaz Trans Auto-2005 insolvent.

Creditors have until July 18, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Karaganda
         Jambyl Str. 9
         Karaganda
         Kazakhstan


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


TRANS GAS: Creditors Must File Claims by July 11
------------------------------------------------
LLC Trans Gas Oil has declared insolvency.  Creditors have until
July 11, 2008 to submit written proofs of claim to:

         LLC Trans Gas Oil
         Frunze Str. 338
         Bishkek
         Kyrgyzstan


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


APPLE LLC: Bashkortostan Bankruptcy Hearing Slated for July 7
-------------------------------------------------------------
The Arbitration Court of Bashkortostan will convene at 10:00
a.m. on July 7, 2008, to hear the bankruptcy supervision
procedure on LLC Apple (TIN 0278097637).  The case is docketed
under Case No. A07-14807/07-G-SVI.

The Temporary Insolvency Manager is:

         R. Valiev
         Apt.60
         Volgogradskaya Str. 9/1
         452009 Belebey
         Russia

The Court is located at:

         The Arbitration Court of Krasnoyarsk
         Lenina Str. 143
         660021 Krasnoyarsk
         Russia

The Debtor can be reached at:

         LLC Apple
         Salavata Yulaeva Pr. 93
         Ufa
         450078 Bashkortostan
         Russia


ALLOY LLC: Creditors Must File Claims by July 24
------------------------------------------------
Creditors of LLC Alloy (TIN 0608001914) have until July 24,
2008, to submit proofs of claim to:

         V. Zotyev
         Insolvency Manager
         344010 Rostov-na-Donu
         Nakhichevanskiy Per. 64
         Russia

The Arbitration Court of Ingushetiya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A18-466/2007.

The Debtor can be reached at:

         LLC Alloy
         Bazorkina Str. 21
         Nazran
         Ingushetiya
         Russia


DONSKAYA BUILDING: Court Names M. Demirov as Insolvency Manager
---------------------------------------------------------------
The Arbitration Court of Rostov appointed M. Demirov as
Insolvency Manager for CJSC Donskaya Building Company.  He can
be reached at:

         M. Demirov
         Tekucheva Str. 139
         Rostov-na-Donu
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A53-6033/06-S2-36.

The Court is located at:

         The Arbitration Court of Rostov
         Stanislavskogo Str. 8a
         344008 Rostov-na-Donu
         Russia

The Debtor can be reached at:

         CJSC Donskaya Building Company
         Tekucheva Str. 139
         Rostov-na-Donu
         Russia


FRAM CJSC: Creditors Must File Claims by July 24
-------------------------------------------------------
Creditors of CJSC Fram (TIN 5509003934) have until July 24,
2008, to submit proofs of claim to:

         A. Budelev
         Insolvency Manager
         Office 1
         Bratskaya Str. 11/1
         644006 Omsk
         Russia

The Arbitration Court of Omsk commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A46-4606/2007.

The Debtor can be reached at:

         CJSC Fram
         Rossiyskaya Str. 42
         Azovo
         Azovskiy NNP
         Omsk
         Russia


INTERNATIONAL BUILDING: Bankruptcy Hearing Slated for Sept. 18
--------------------------------------------------------------
The Arbitration Court of Moscow will convene on Sept. 18, 2008,
to hear the bankruptcy supervision procedure on LLC
International Building Service and Investments (TIN 7725517617).
The case is docketed under Case No. A40-12322/08-44-26B.

The Temporary Insolvency Manager is:

         A. Kubasov
         Volgogradskiy Pr. 28A
         Moscow
         Russia

The Court is located at:

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

The Debtor can be reached at:

         LLC International Building Service and Investments
         Kolomenskaya Str. 17
         Moscow
         Russia


LAZDENEN LLC: Creditors Must File Claims by July 24
---------------------------------------------------
Creditors of LLC Cheese Diary Lazdenen have until July 24, 2008,
to submit proofs of claim to:

         R. Lapidus
         Insolvency Manager
         Room 5
         Gogolya Str. 12
         236008 Kaliningrad
         Russia

The Arbitration Court of Kaliningrad commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A21-8744/2007.

The Court is located at:  

         The Arbitration Court of Kaliningrad
         Rokossovskogo Str. 2
         Kaliningrad
         Russia

The Debtor can be reached at:

         LLC Cheese Diary Lazdenen
         Matrosova Str. 16
         Krasnoznamensk
         238730 Kaliningrad
         Russia


MICRO-TALC OJSC: Court Starts Bankruptcy Supervision Procedure
--------------------------------------------------------------
The Arbitration Court of Krasnoyarsk commenced bankruptcy
supervision procedure on OJSC Micro-Talc.  The case is docketed
under Case No. A33-3629/2008.

The Temporary Insolvency Manager is:

         A. Gievskiy
         660125 Krasnoyarsk
         Urvantseva Str. 23-7
         Russia

The Court is located at:

         The Arbitration Court of Krasnoyarsk
         Lenina Str. 143
         660021 Krasnoyarsk
         Russia

The Debtor can be reached at:

         OJSC Micro-Talc
         Polyarnaya Str. 18
         Motygino
         663400 Krasnoyarsk
         Russia


PIT KRASNOLESYE: Kaliningrad Bankruptcy Hearing Set August 11
-------------------------------------------------------------
The Arbitration Court of Kaliningrad will convene on Aug. 11,
2008, to hear the bankruptcy supervision procedure on LLC Pit
Krasnolesye.  The case is docketed under Case No. A21-1453/08.

The Temporary Insolvency Manager is:

         A. Spirkin
         Post User Box 634
         236010 Kaliningrad
         Russia

The Court is located at:  

         The Arbitration Court of Kaliningrad
         Rokossovskogo Str. 2
         Kaliningrad
         Russia

The Debtor can be reached at:

         LLC Pit Krasnolesye
         Sosnovaya Str. 17
         Krasnolesye
         238023 Nesterovskiy
         Russia


PROM-SVYAZ' OJSC: Creditors Must File Claims by July 24
-------------------------------------------------------
Creditors of OJSC Krasnoslobodskiy Factory Prom-Svyaz' have
until July 24, 2008, to submit proofs of claim to:

         V. Bulgakov
         Insolvency Manager
         Sovetskaya Str.47-2
         Saransk
         430000 Mordoviya
         Russia

The Arbitration Court of Mordoviya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A39-4574/07-164/7.

The Court is located at:

         The Arbitration Court of Mordoviya
         Kommunisticheskaya Str. 33
         Saransk
         Mordoviya
         Russia

The Debtor can be reached at:

         OJSC Krasnoslobodskiy Factory Prom-Svyaz'
         Kirovskiy Per. 16
         Krasnoslobodsk
         Krasnoslobodksiy
         Mordoviya
         Russia


SEL-KHOZ-TEKHNIKA: Creditors Must File Claims by June 24
--------------------------------------------------------
Creditors of CJSC Sel-Khoz-Tekhnika have until June 24, 2008, to
submit proofs of claim to:

         E. Shirova
         Insolvency Manager
         Post User Box 345
         Post User Box 230
         115230 Moscow
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A41-B2-11511/07.

The Court is located at:

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

The Debtor can be reached at:

         CJSC Sel-Khoz-Tekhnika
         Proletarskaya Str. 51
         Zvenigorod
         Russia


SEV-STROY-SNAB: Creditors Must File Claims by June 24
-----------------------------------------------------
Creditors of OJSC Sev-Stroy-Snab (TIN 5192800409) have until
June 24, 2008, to submit proofs of claim to:

         A. Gorelkin
         Temporary Insolvency Manager
         Naberezhnaya Str. 11
         Zverosovkhoz
         Kolskiy
         184366 Murmansk
         Russia
         Tel: 8-815-53-92-336

The Arbitration Court of Murmansk will convene at 10::00 a.m. on
Oct. 7, 2008, to hear the company's bankrupty supervision
procedure.  The case is docketed under Case No. A42-364/2008.

The Court is located at:

         The Arbitration Court of Murmansk
         Knipovicha Str. 20
         Murmansk
         Russia

The Debtor can be reached at:

         OJSC Sev-Stroy-Snab
         Promyshlennaya Str. 10
         183032 Murmansk
         Russia


SOCHI-OIL-STROY: Creditors Must File Claims by July 24
------------------------------------------------------
Creditors of LLC Sochi-Oil-Stroy have until July 24, 2008, to
submit proofs of claim to:

         N. Sasin
         Insolvency Manager
         6th floor
         Entrance 1
         Lenina Str. 219
         355017 Stavropol
         Russia

The Arbitration Court of Krasnodar commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A-32-20479/2007-1/502-B.

The Court is located at:

         The Arbitration Court of Krasnodar
         Krasnaya Str. 6
         Krasnodar
         Russia

The Debtor can be reached at:

         LLC Sochi-Oil-Stroy
         Konstitutsii Str. 48
         Sochi
         Russia


TAYSHETSKIY COMBINE: Asset Sale Slated for June 25
--------------------------------------------------
The insolvency manager and bidding organizer for OJSC
Tayshetskiy Combine of Grain Products, will open a public
auction for the company's properties at 1:00 p.m. on June 25,
2008 at:

         The Insolvency Manager
         Office 121
         Sovetskaya Str. 55
         664007 Irkutsk
         Russia

Interested participants have until June 18, 2008, to deposit an
amount equivalent to 20% of the starting price to:

         OJSC Tayshetskiy Combine of Grain Products
         Settlement Account 40702810300120000211
         Correspondent Account 30101810800000000888
         BIK 042520888
         FMCB MAC-BANK (LLC)
         Irkuts
         Irkutsk
         Russia

Bidding documents must be submitted to:

         The Insolvency Manager
         Office 121
         Sovetskaya Str. 55
         664007 Irkutsk
         Russia

The Debtor can be reached at:

         OJSC Tayshetskiy Combine of Grain Products
         Kirova Str. 224
         Tayshet
         Irkutsk
         Russia


VIMPEL-COMMUNICATIONS: Shareholders Approve RUR13.85BB Dividends
----------------------------------------------------------------
The Annual General Shareholders Meeting of OJSC Vimpel-
Communications has approved the payment of annual dividends in
the amount of RUR270.01 per ordinary share of stock (or around  
US$0.57 per American Depositary Share based on the Russian
Central Bank exchange rate as of June 9, 2008) for the 2007
fiscal year.

The dividend, amounting to a total of RUR13.85 billion (or
approximately US$588 million based on the Russian Central Bank
exchange rate as of June 9, 2008), is payable within 60 days.

                         About VimpelCom

Headquartered in Moscow, Russia, OJSC Vimpel-Communications
(NYSE: VIP) -- http://www.vimpelcom.com/-- provides mobile
telecommunications services in Russia and Kazakhstan with newly
acquired operations in Ukraine, Tajikistan and Uzbekistan.  The
Company operates under the 'Beeline' brand in Russia and
Kazakhstan.  In addition, VimpelCom is continuing to use 'K-
mobile' and 'EXCESS' brands in Kazakhstan.  The group wholly
owns Mobitel in Georgia.

                          *     *     *

OJSC Vimpel-Communications continues to carry Ba2 Corporate
Family, Probability-of-Default and Senior Unsecured Debt Ratings
with stable outlook from Moody's Investors Service.  The agency
affirmed the ratings in April 2008.

The company also continues to carry BB+ long-term corporate
credit and unsecured senior debt ratings with stable outlook
from Standard & Poor's Ratings Services.


VIMPEL-COMMUNICATIONS: Shareholders Elect New Board
---------------------------------------------------
Shareholders of OJSC Vimpel-Communications has elected a new
Board of Directors.

    * Mikhail Fridman (Member of the Board of Directors of Alfa-
      Bank, Chairman of the Supervisory Board of Alfa Group
      Consortium, Chairman of the Board of Directors of TNK-BP,
      member of the Board of Directors of VimpelCom since July
      2001);

    * Kjell Morten Johnsen (Senior Vice President of Telenor
      Central & Eastern Europe, Head of Telenor Russia, member
      of the Board of Directors of VimpelCom since July 2007);

    * Hans Peter Kohlhammer (Founder of Kohlhammer Consulting,
      CEO of Broadnet AG, a new member of the Board of Directors
      of VimpelCom);

    * Jo Lunder (President of Ferd Industrial Holding, member of
      VimpelCom’s Board of Directors since May 2002, former
      General Director and Chairman of the Board of Directors of
      VimpelCom);

    * Oleg Malis (Senior Vice President of Altimo, member of the
      Board of Directors of VimpelCom since June 2006);

    * Leonid Novoselsky (General Director of OOO GK Gradient,
      member of the Board of Directors of VimpelCom since
      June 2006);

    * Alexei Reznikovich (Chief Executive Officer of Altimo,
      member of the Board of Directors of VimpelCom since
      May 2002);

    * Ole Bjorn Sjulstad (Senior Vice President, Central &
      Eastern Europe of Telenor, a new member of the Board of
      Directors of VimpelCom); and

    * Jan Edvard Thygesen (Executive Vice President of Telenor,
      Head of Central/Eastern European operations, a new member
      of the Board of Directors of VimpelCom).

                         About VimpelCom

Headquartered in Moscow, Russia, OJSC Vimpel-Communications
(NYSE: VIP) -- http://www.vimpelcom.com/-- provides mobile
telecommunications services in Russia and Kazakhstan with newly
acquired operations in Ukraine, Tajikistan and Uzbekistan.  The
Company operates under the 'Beeline' brand in Russia and
Kazakhstan.  In addition, VimpelCom is continuing to use 'K-
mobile' and 'EXCESS' brands in Kazakhstan.  The group wholly
owns Mobitel in Georgia.

                          *     *     *

OJSC Vimpel-Communications continues to carry Ba2 Corporate
Family, Probability-of-Default and Senior Unsecured Debt Ratings
with stable outlook from Moody's Investors Service.  The agency
affirmed the ratings in April 2008.

The company also continues to carry BB+ long-term corporate
credit and unsecured senior debt ratings with stable outlook
from Standard & Poor's Ratings Services.


VTOR-CHER-MET: Creditors Must File Claims by July 24
----------------------------------------------------
Creditors of OJSC Vtor-Cher-Met have until July 24, 2008, to
submit proofs of claim to:

         O. Shatalova
         Insolvency Manager
         Post User Box 2493
         410076 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-57-364B/2007-8.

The Court is located at:

         The Arbitration Court of Saratov
         Babushkin Vvoz 1
         Saratov
         Russia

The Debtor can be reached at:

         OJSC Vtor-Cher-Met
         Ordzhonikidze Str. 65
         410015 Saratov
         Russia


YURYEV-POLSKIY BAKERY: Names S. Skachkov as Insolvency Manager
--------------------------------------------------------------
The Arbitration Court of Vladimir appointed S. Skachkov as
Insolvency Manager for OJSC Yuryev-Polskiy Bakery.  He can be
reached at:

         S. Skachkov
         Office 20
         L. Bazanovoj Str. 5
         170100 Tver
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A11-561/2007-K1-34B.

The Court is located at:

         The Arbitration Court of Vladimir
         Oktyabrskiy Pr. 14
         600025 Vladimir
         Russia

The Debtor can be reached at:

         OJSC Yuryev-Polskiy Bakery
         Zagorodnaya Str. 2
         Yuryev-Polskiy
         601800 Vladimir
         Russia


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


B. HMELNITSKY LLC: Creditors Must File Claims by June 22
--------------------------------------------------------
Creditors of B. Hmelnitsky LLC (code EDRPOU 03787182) have until
June 22, 2008, to submit proofs of claim to:

         The Economic Court of Hmelnitskij
         Nezalezhnosti Square 1
         29000 Hmelnitskij
         Ukraine

The Economic Court of Hmelnitskij commenced bankruptcy
proceedings against the company after finding it insolvent on
May 6, 2008.  The case is docketed as 4/354-B.

The Debtor can be reached at:

         B. Hmelnitsky LLC
         Bila
         Chemerovetsky District
         Hmelnitskij
         Ukraine


BON: Creditors Must File Claims by June 25
------------------------------------------
Creditors of Common Enterprise Bon (code EDRPOU 03052836) have
until June 25, 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 after finding it insolvent on May 5, 2008.
The case is docketed as 12/45b.

The Debtor can be reached at:

         LLC Karat
         Bezgrebelny Str. 1-a
         Sverdlovsk
         Lugansk
         Ukraine


DAKRON LLC: Proofs of Claim Deadline Set June 22
------------------------------------------------
Creditors of LLC Dakron (code EDRPOU 32029660) have until
June 22, 2008, to submit proofs of claims to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy supervision
procedure on the company on May 7, 2008.  The case is docketed
as B-19/40-08.

The Debtor can be reached at:

         LLC Dakron
         Apartment 512A
         Bakulin Str. 11
         Kharkov
         Ukraine


GENERAL CONTRACTOR: Creditors Must File Claims by June 25
---------------------------------------------------------
Creditors of LLC General Contractor (code EDRPOU 33783034) have
until June 25, 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 after finding it insolvent on May 20, 2008.
The case is docketed as 44/6-b.

The Debtor can be reached at:

         LLC General Contractor
         Obolon Avenue 23-A
         04205 Kiev
         Ukraine


IZIUM MEATCOMBINE: Proofs of Claim Deadline Set June 25
-------------------------------------------------------
Creditors of CJSC Izium Meatcombine (code EDRPOU 00444180) have
until June 25, 2008, to submit proofs of claims to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy supervision
procedure on the company on April 10, 2008.  The case is
docketed as B-24/76-08.

The Debtor can be reached at:

         CJSC Izium Meatcombine
         Komintern Str. 4
         Izium
         Kharkov
         Ukraine


LADA-SERVICE: Creditors Must File Claims by June 22
---------------------------------------------------
Creditors of LLC Lada-Service Service Center-3 (code EDRPOU
24749524)have until June 22, 2008, to submit proofs of claim to:

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

The Economic Court of Herson commenced bankruptcy proceedings
against the company on April 23, 2008, after finding it
insolvent.  The case is docketed as 6/96-B-08.

The Debtor can be reached at:

         LLC Lada-Service Service Center-3
         Berislav Highway 27
         Herson
         Ukraine


MARKET PODZAMCHEYE: Creditors Must File Claims by June 25
---------------------------------------------------------
Creditors of LLC Lvov Trade-Production Enterprise Near the
Market Podzamcheye (code EDRPOU 19164879)have until June 25,
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 April 8, 2008.
The case is docketed as 8/71.

The Debtor can be reached at:

         LLC Lvov Trade-Production Enterprise Near the
         Market Podzamcheye
         B. Hmelnitsky Str. 165
         79000 Lvov
         Ukraine


NIKOLAYEV CLOTHING: Creditors Must File Claims by June 22
---------------------------------------------------------
Creditors of OJSC Nikolayev Clothing Factory (code EDRPOU
19339646) have until June 25, 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 April 8, 2008.
The case is docketed as 29/40.

The Debtor can be reached at:

         OJSC Nikolayev Clothing Factory
         Lvov Highway Str. 3
         Nikolayev
         81600 Lvov
         Ukraine


NPSO FOCON: Creditors Must File Claims by June 22
-------------------------------------------------
Creditors of LLC NPSO Focon (code EDRPOU 34860109) have until
June 22, 2008, to submit proofs of claims to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent on May 13, 2008.
The case is docketed as B-19/62-08.

The Debtor can be reached at:

         LLC NPSO Focon
         Apartment 33
         Frunze Str. 50
         Izium
         Kharkov
         Ukraine


RADIOSERVICE: Creditors Must File Claims by June 25
---------------------------------------------------
Creditors of Common Enterprise Radioservice (code EDRPOU
05478491) have until June 25, 2008, to submit proofs of claim
to:

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

The Economic Court of Sumy commenced bankruptcy proceedings
against the company after finding it insolvent on May 8, 2008.
The case is docketed as 6/64-07.

The Debtor can be reached at:

         Common Enterprise Radioservice
         Levanevsky Str. 10/1
         40011 Sumy
         Ukraine


SONOPIA LLC: Creditors Must File Claims by June 25
--------------------------------------------------
Creditors of LLC Sonopia (code EDRPOU 34414909) have until
June 25, 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 after finding it insolvent on May 20, 2008.
The case is docketed as 44/5-b.

The Debtor can be reached at:

         LLC Sonopia
         Patrice Lumumba Str. 15-A
         01042 Kiev
         Ukraine


SPECIAL TECHNICAL: Proofs of Claim Deadline Set June 25
-------------------------------------------------------
Creditors of LLC Special Technical Service (code EDRPOU
22607978) have until June 25, 2008, to submit proofs of claims
to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy supervision
procedure on the company on May 12, 2008.  The case is docketed
as B-24/73-08.

The Debtor can be reached at:

         LLC Special Technical Service
         Krasnoarmeyskaya Str. 2A
         Natalinoye
         Krasnograd District
         Kharkov
         Ukraine


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



FELIX CORPORATION: Brings In Liquidators from KPMG
--------------------------------------------------
David James Costley-Wood and Brian Green of KPMG LLP were
appointed joint liquidators of Felix Corporation Ltd. on May 29
for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         KPMG LLP
         St. James' Square
         Manchester
         M2 6DS
         England


GLENADEN SHIRTS: Loss of Big Customer Prompts Administration
------------------------------------------------------------
Glenaden Shirts Ltd. went into administration on June 5, 2008.  
The company pins global credit crisis and the loss of a big
retail customer as the reasons for the collapse, u.tv reports.

"To be quite honest we were half expecting it because we were
operating a large factory with 30 employees.  We were down to
about 400 shirts a week and it did not make economic sense,"
John Rankin, an employee, was quoted by u.tv as saying.

Glenaden Shirts Ltd -- http://www.glenaden.com/index.php--  
designs and manufactures men's shirts for premium UK and North
American retailers.


JT FRITH: Debts Prompts Shareholders to Approve Administration
--------------------------------------------------------------
JT Frith Limited entered voluntary administration after
shareholders decided it was the best course of action after the
company accumulated overwhelming debts, chad.co.uk reports.

chad.co.uk quoted the company spokesman saying, "shareholders
made the decision to go into administration as a way of
financially restructuring the company and putting it in a
stronger financial footing.  It was a way of protecting people's
jobs and the company.  Employees and customers will not notice
any difference as we will go on operating as normal."

The company assures retailers that its nine depots will continue
to operate as normal and jobs are secured, chad.co.uk adds.


LEGER FOODS: Calls In Liquidators from Tenon Recovery
-----------------------------------------------------
Matthew Colin Bowker and David Willis of Tenon Recovery were
appointed joint liquidators of Leger Foods (Bradford) Ltd.
(formerly Funnymotor Ltd.) on May 29 for the creditors'
voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         33 George Street
         Wakefield
         West Yorkshire
         WF1 1LX
         England


LEMONPARK CONSTRUCTION: Goes Into Voluntary Liquidation
-------------------------------------------------------
Lemonpark Construction Ltd. has entered into creditors'
voluntary liquidation with debts of GBP4.2 million, Rochdale
Online reports.

Lemonpark, Rochdale Online relates, owed trade creditors about
GBP2 million.  The company also owed its three directors --
Michael Russell, Michael Drogan and Christopher Drogan --
GBP439,000 each.

A Crain's Business News report attributed Lemonpark's
dissolution to a management decision that had "cost the company
millions," Rochdale discloses.

Based in Heywood, England, Lemonpark Construction Ltd. is
connected with MMC Developments Ltd.


PHOTO-OPTIX LIMITED: Calls in Joint Administrators
--------------------------------------------------
Stephen Cork and Joanne Milner of Smith & Williamson Limited
were appointed joint administrators of Photo-Optix Limited,
Chris Cheesman writes for the Amateur Photographer.

The administrators have suspended operations at Photo-Optix's 12
stores while conducting an inventory of the company's stocks,
the Amateur Photographer relates.

Ms. Milner told the Amateur Photographer that administrators
have to conduct stocktaking because creditors have been claiming
for retention of title, preventing the company to resume
trading.  Administrators are currently reviewing the validity of
the claims.

"We need to find out how much free stock is available to allow
us to continue trading," Ms. Milner added to the Amateur
Photographer.

According to Ms. Milner, the Amateur Photographer relates,
Photo-Optix might be sold if an interested buyer approach the
administrators.

Industry sources suggested to the Amateur Photographer that
Photo-Optix has been suffering financially.

Headquartered in Berkshire, United Kingdom, Photo-Optix Limited
-- http://www.digistor.co.uk/-- is a photographic chain selling  
equipment and accessories.


SCOTTISH RE: Selling International Life Unit to PacificLife
-----------------------------------------------------------
Scottish Re Group Limited and Pacific Life Insurance Company
have signed a definitive agreement whereby Pacific LifeCorp,
parent of Pacific Life, will purchase the company's
International Life Reinsurance segment.

The new operation, to be called Pacific Life Re, provides
reinsurance solutions to insurance and annuity providers in the
United Kingdom and Ireland and to insurers in selected markets
in Asia.  The purchase price is US$71.2 million, subject to
certain potential downward adjustments. Other terms of the
purchase agreement were not disclosed.  The transaction is
subject to regulatory approvals and other customary closing
conditions, both of which are expected to be achieved during the
third quarter of 2008.

"The purchase of Scottish Re's international business is a great
opportunity for Pacific Life," said Pacific Life's Chairman,
President and CEO Jim Morris.  "Scottish Re's international
business has great growth potential and this transaction
provides Pacific Life a practical way to access the growing UK
and Asian markets.  I am very impressed with the current
management team and believe that their expertise, with the
support of Pacific Life, will allow us to realize the growth
potential that exists."

Through this purchase, Pacific will acquire these assets:

    * Scottish Re Limited (SRL), a London-based life reinsurer;

    * Scottish Re Holdings Limited, the holding company of
      Scottish Re Limited;

    * International segment business written by Scottish Annuity
      & Life Insurance Company (Cayman) Ltd. together with
      certain business retroceded within the Scottish Re group;
      and

    * the staff and physical assets based in Singapore and
      Japan.

"The sale of the International Life Reinsurance segment is a
positive outcome for Scottish Re and is consistent with the
revised strategic direction that we announced in February of
this year," George Zippel, President & CEO of Scottish Re Group
Limited, commented.  "Under Pacific Life's ownership, David
Howell and his talented team of professionals will have the
opportunity to provide significant value to clients and deliver
strong financial results to Pacific Life. We wish the entire
Pacific Life Re team all the best."

As part of the agreement, the current management of the acquired
companies will remain intact.  Pacific Life Re, which will
report to Mary Ann Brown, Pacific Life's senior vice president
of corporate development, will be headed by David Howell and an
executive team of seven professionals with a combined 160 years
of insurance and reinsurance experience in the U.K., Canada, and
Asia.

The executive team will comprise:

    * David Howell, FSA - Chief Executive Officer

    * Warren Copp - Chief Underwriter

    * Duncan Hayward, ACA - Chief Financial Officer

    * David Heeney, FIA - Chief Marketing Officer, U.K. and
      Ireland

    * Andrew Linfoot, FIAA - Regional Director, Asia

    * Steve Nuttall, FIA - Chief Pricing Officer

    * George Scott, Solicitor - Legal Counsel and Chief Risk
      Officer

    * Jerry Staffurth, FIA - Chief Actuary

The headquarters of Pacific Life Re will remain in London, with
approximately 80 employees in the U.K. and 15 employees in
Singapore and Tokyo.

"This transaction is excellent news for our business and for our
clients," said David Howell, future CEO of Pacific Life Re.
"Pacific Life has an outstanding reputation for corporate
excellence, customer focus, and financial strength and we are
delighted to be joining such a highly-regarded company. The
formation of Pacific Life Re will create exciting growth
opportunities for our newly combined businesses and will provide
our clients with the confidence and security they seek from a
market-leading reinsurance partner."

                     About Pacific LifeCorp

Pacific LifeCorp, the parent company of Pacific Life, provides
life insurance products, individual annuities, and mutual funds,
and offers a variety of investment products and services to
individuals, businesses, and pension plans.

                        About Scottish Re

Scottish Re Group Ltd. -- http://www.scottishre.com/-- is a       
global life reinsurance specialist.  Scottish Re has operating
businesses in Bermuda, Ireland, Singapore, the United Kingdom
and the United States.  Its flagship operating subsidiaries
include Scottish Annuity & Life Insurance Company (Cayman) Ltd.,
Scottish Re (U.S.) Inc., and Scottish Re Limited.

As of Sept. 30, 2007, the company's consolidated balance sheet
showed US$13.372 billion in total assets, US$11.939 billion in
total liabilities, US$7.4 million in minority interest,
US$555.9 million in convertible cumulative participating
preferred shares, and US$869.3 million in total shareholders'
equity.

                          *     *     *

Scottish Re Group Limited continues to carry preferred stock
debt rating of Caa3, and insurance financial strength ratings of
the company's core insurance subsidiaries, Scottish Annuity &
Life Insurance Company Ltd. and Scottish Re Inc. at Ba3.  The
ratings were downgraded in March 2008.

The company also carries Standard & Poor's Ratings Services'
CCC- counterparty credit rating while its operating companies
carry B- counterparty credit and financial strength ratings.
All of these ratings remain on CreditWatch with negative
implications.
      
Scottish Re Group Limited still carries CCC Issuer
Default Rating from.  Its primary North American operating
subsidiaries carries to CCC+ Insurer Financial Strength ratings
The Rating Watch has been revised to Evolving from Negative.


* Moody's Says UK Non-conforming RMBS Delinquencies Rise in Q1
--------------------------------------------------------------
In the coming quarters, the weighted-average delinquency level
is expected to continue to rise, as a result of fewer
refinancing opportunities for borrowers coming out of their
teaser-rate, says Moody's Investors Service in its latest index
report for the sector.

During first quarter 2008, Moody's downgraded seven classes of
securities issued by MARS 3, Money Partners 2 and Residential
Mortgage Securities 20 and 22.  Five securities, issued by Leek
Number Fifteen plc, were upgraded.

According to the report, weighted-average delinquencies were
subject to their biggest increase since fourth quarter 2004.
"The weighted-average delinquency trend during first quarter
2008 for the UK Non-Conforming RMBS sector increased to 8.8%,
from 7.7% in fourth quarter 2007.  This compares with 8.1% in
2005, 9.0% in 2006 and 7.2% in 2007," says Georgij Ludmirskij, a
Moody's Senior Associate and co-author of the report entitled
'UK Non-Conforming RMBS first quarter 2008 Index'.

"Vintage 2007 has shown the steepest increase in repossessions
in its first year after closing.  At the same stage of
seasoning, the repossessions in the vintages 2005 and 2006
remained below 0.50% and for all other vintages below 0.30%,"
adds Mr. Ludmirskij.  Some transactions recorded up to 2.5% of
repossessions in their first year after closing.

Market events are continuing to affect the sector.  "In the face
of the current credit crunch, UK Non-Conforming borrowers are
likely to continue to face restrictions in available product
offerings from specialist lenders," says Nitesh Shah, a Moody's
Economist and report co-author.  "UK house prices fell on a
month-on-month basis in each month during the first quarter of
2008 and housing activity continued to slow down," Mr. Shah
continues.  "In addition, the UK mortgage debt service ratio
remains elevated.  The 'payment shock' to those mortgage holders
coming off the fixed interest rate period of their mortgages may
increase stress on householders."

  
                            *********

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

Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets.  At first glance, this list
may look like the definitive compilation of stocks that are
ideal to sell short.  Don't be fooled.  Assets, for example,
reported at historical cost net of depreciation may understate
the true value of a firm's assets.  A company may establish
reserves on its balance sheet for liabilities that may never
materialize.  The prices at which equity securities trade in
public market are determined by more than a balance sheet
solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/booksto order any title today.

                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Jason Nieva, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala and Pius Xerxes
Tovilla, Editors.

Copyright 2008.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
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Information contained herein is obtained from sources believed
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                 * * * End of Transmission * * *