TCREUR_Public/090106.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

           Tuesday, January 6, 2009, Vol. 10, No. 3

                            Headlines

A U S T R I A

BETONBAU + QM: Claims Registration Period Ends January 14
FAMN LLC: Claims Registration Period Ends  January 20
LIFT PLASTICS: Claims Registration Period Ends February 10
MTS LLC: Claims Registration Period Ends January 12
N.F. LLC: Claims Registration Period Ends January 20

ROMAN STRAUSS: Claims Registration Period Ends January 29
TEK AUTOHANDEL: Claims Registration Period Ends January 14
VENUS-VIDEO LLC: Claims Registration Period Ends January 14


E S T O N I A

Q VARA: Seeks Bankruptcy Protection


F R A N C E

LEHMAN BROTHERS: Court Approve Settlement with French Units


G E R M A N Y

B & H HANSEATISCHE: Claims Registration Period Ends Jan. 23
D-H-K VERWALTUNGS: Claims Registration Period Ends January 20
EUROMEDIA VERLAGS: Claims Registration Period Ends January 23
SUNRISE SENIOR: Enters Into Standstill Agreement with Natixis
ZENTRUM DER FOERDER: Claims Registration Period Ends January 19


H U N G A R Y

SCANTEK MEDICAL: Files for Chapter 11 Bankruptcy in New Jersey
SCANTEK MEDICAL: Case Summary & 20 Largest Unsecured Creditors


I R E L A N D

LOMAC TILES: To Go Into Creditors' Voluntary Liquidation
ZAVVI RETAIL: Provisional Liquidator Appointed


K A Z A K H S T A N

BRILLIANTOVY MIR: Proof of Claim Deadline Slated for February 5
KASIET LLP: Creditors Must File Claims by February 5
KAZ STROY ENGINEERING: Claims Filing Period Ends February 5
NAURYZ 2007: Creditors' Claims Due on February 5
NERUDNIK JSC: Claims Registration Ends February 5

SHYMNUR LLP: Proof of Claim Deadline Slated for February 5
STARLINE TOUR: Creditors Must File Claims by February 5
TUGEL-OUBEKIR LLP: Claims Filing Period Ends February 5
VOSTOK KAZ: Creditors' Claims Due on February 5
YAKSART SAUDA: Claims Registration Ends February 5


K Y R G Y Z S T A N

ASIA RITAIL: Creditors Must File Claims by February 12


R U S S I A

ALROSA: Diamond Output to Drop 1.7% in 2008, President Says
DANILOVSKIY WOODWORKERS: Creditors Must File Claims by Feb 19
MAGNITOGORSKIY AUTOMOTIVE: Court Names Insolvency Manager
SAKHALIN SHELF: Creditors Must File Claims by February 19
SODEYSTVIE LLC: Creditors Must File Claims by February 19

SPETS-STROY-TVER LLC: Tverskaya Bankruptcy Hearing Set May 21
TEKH-STROY-PROEKT LLC: Creditor Must File Claims by January 19
TYRNYAUZSKIY WOLFRAMIUM: Court Names Insolvency Manager
VOLZHSKIE KONSERVY: Creditors Must File Claims by February 19
YAMAL-GAZ-PROM-STROY LLC: Bankruptcy Hearing Set March 27

YURGAMYSHSKIY BUTTER: Creditors Must File Claims by January 19

* RUSSIA: Gov't Allocates US$340 Bln for Anti-Crisis Package


S P A I N

AIFOS: Forced Into Receivership by Creditor


S W E D E N

FORD MOTOR: Vehicle Sales in US Drop Almost 19% in 2008


S W I T Z E R L A N D

AESCU-TRADE JSC: Creditors Must File Proofs of Claim by Feb. 21
ALUMINIUM SILICON: Deadline to File Proofs of Claim Set Feb. 25
AVEDIS HOLDING: Creditors Have Until March 30 to File Claims
FAMO LLC: Proofs of Claim Filing Deadline is February 26
GENERAL MOTORS: Board of Directors Approves Amendment of Bylaws

GLADIUS JSC: Creditors' Proofs of Claim Due by February 21
HL TREUHAND: February 20 Set as Deadline to File Claims
MED SERVICES: Creditors Must File Proofs of Claim by Feb. 28
WINKLER BAUPLANUNG: Deadline to File Proofs of Claim Set Feb. 25


U K R A I N E

GROUP ALLIANCE-INVEST: Creditors Must File Claims by January 9
IDZ LTD: Creditors Must File Claims by January 10
INDUSTRIAL BRIQUETTE: Creditors Must File Claims by January 9
INTECT PLUS: Creditors Must File Claims by January 9
KAFI LLC: Creditors Must File Claims by January 9

MANKOVKA MOTOR: Creditors Must File Claims by January 9
NAFTOGAZ OF UKRAINE: Avoids Technical Default on US$500 Mln Bond
OLENEVKA AGRICULTURAL: Creditors Must File Claims by January 9
POZITRON LLC: Creditors Must File Claims by January 9
SEVENTH BUILDING: Creditors Must File Claims by January 9

TROLINING UKRAINE: Creditors Must File Claims by January 9


U N I T E D   K I N G D O M

CARR CONSTRUCTION: Appoints Joint Liquidators from Baker Tilly
DOVERLINE LTD: Names Joint Liquidators from Smith & Williamson
EDMOND PROPERTIES: Taps Liquidators from Smith & Williamson
GLOBE PUB: May Breach Banking Covenants
J.H. DAVIES LTD: Appoints Joint Administrators from Baker Tilly

KATE KUBA: Goes Into Administration
PASSION FOR PERFUME: In Administration; Deloitte Appointed
PETER LONG: Brings in Joint Liquidators from PKF
ROXYLIGHT PROPERTIES: Taps Liquidators from Smith & Williamson
SAXON URBAN: Calls in Joint Liquidators from Smith & Williamson

SHIELDTECH PLC: In Talks with Bankers; Share Trading Suspended
SNEINTON SPACE: Names Joint Liquidators from Smith & Williamson
SUNGUARD HOMES: Appoints Joint Liquidators from Smith & Williamson
SWAN COURT: Taps Joint Liquidators from Smith & Williamson
WATERFORD WEDGWOOD: Deloitte LLP Appointed as Administrators

WOOLWORTHS PLC: Jersey Staff Launches Petition Over Payout

* UK: Deloitte Says 2008, a Year of "Two Halves" for Hotels
* UK: Deloitte Says Credit Crunch Hits FTSE 100 Pension Schemes

* Large Companies with Insolvent Balance Sheet


                         *********


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


BETONBAU + QM: Claims Registration Period Ends January 14
---------------------------------------------------------
Creditors owed money by LLC Betonbau + QM Planung (FN 286623f)
have until Jan. 14, 2009, to file written proofs of claim to the
court-appointed estate administrator:

         Dr. Stephan Riel
         Landstrasser Hauptstrasse 1/2
         1030 Wien
         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 11:40 a.m. on Jan. 28, 2009, for the
examination of claims at:

         Trade Court of Vienna
         Room 1607
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Nov. 27, 2008, (Bankr. Case No. 28 S 155/08k).


FAMN LLC: Claims Registration Period Ends  January 20
-----------------------------------------------------
Creditors owed money by LLC Famn (FN 249485s) have until Jan. 20,
2009, to file written proofs of claim to the court-appointed
estate administrator:

         Andrea Prochaska
         Wassergasse 33/12
         1030 Wien
         Austria
         Tel: 718 77 50
         Fax: 718 77 50 15
         E-mail: anwalt@andrea-prochaska.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:45 a.m. on Feb. 3, 2009, for the
examination of claims at:

         Trade Court of Vienna
         Room 1606
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Nov. 27, 2008, (Bankr. Case No. 4 S 182/08d).


LIFT PLASTICS: Claims Registration Period Ends February 10
----------------------------------------------------------
Creditors owed money by LLC Lift Plastics (FN 116132h) have until
Feb. 10, 2009, to file written proofs of claim to the court-
appointed estate administrator:

         Dr. Andreas Wippel
         Triester Str. 15
         2620 Neunkirchen
         Austria
         Tel: 02635/62860
         Fax: 02635/6286114
         E-mail: kanzlei@dr-wippel.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:00 a.m. on Feb. 24, 2009, for the
examination of claims at:

         Land Court of Wiener Neustadt
         Room 15
         Wiener Neustadt
         Austria

Headquartered in Ternitz, Austria, the Debtor declared bankruptcy
on Nov. 27, 2008, (Bankr. Case No. 11 S 123/08m).


MTS LLC: Claims Registration Period Ends January 12
---------------------------------------------------
Creditors owed money by LLC MTS (FN 262956a) have until Jan. 12,
2009, to file written proofs of claim to the court-appointed
estate administrator:

         Dr. Karl Schirl
         Krugerstrasse 17/3
         1010 Wien
         Austria
         Tel: 513 22 31
         Fax: 513 22 31-1
         E-mail: dr.karl.schirl@der-rechtsanwalt.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on Jan. 26, 2009, for the
examination of claims at:

         Trade Court of Vienna
         Room 1705
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Nov. 27, 2008, (Bankr. Case No. 3 S 140/08w).


N.F. LLC: Claims Registration Period Ends January 20
----------------------------------------------------
Creditors owed money by LLC N.F. (FN 85768f) have until Jan. 20,
2009, to file written proofs of claim to the court-appointed
estate administrator:

         Peter Haslinger
         Krottendorfer Gasse 4
         8700 Leoben
         Austria
         Tel: 03842-48117
         Fax: 03842-48117-11
         E-mail: office@ra-ahb.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:45 a.m. on Dec. 17, 2008, for the
examination of claims at:

         Land Court of Leoben
         Hall IV
         Leoben
         Austria

Headquartered in Wald am Schoberpass, Austria, the Debtor declared
bankruptcy on Nov. 27, 2008, (Bankr. Case No. 17 S 62/08y).


ROMAN STRAUSS: Claims Registration Period Ends January 29
---------------------------------------------------------
Creditors owed money by LLC Roman Strauss & Partner (FN 211772f)
have until Jan. 29, 2009, to file written proofs of claim to the
court-appointed estate administrator:

         Dr. Erwin Senoner
         Alser Strasse 21
         1080 Wien
         Austria
         Tel: 4060551
         Fax: 406 96 01
         E-mail: kanzlei@jus.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on Feb. 12, 2009, for the
examination of claims at:

         Trade Court of Vienna
         Room 1705
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Nov. 27, 200, (Bankr. Case No. 5 S 130/08i).


TEK AUTOHANDEL: Claims Registration Period Ends January 14
----------------------------------------------------------
Creditors owed money by LLC Tek Autohandel (FN 245135v) have until
Jan. 14, 2009, to file written proofs of claim to the court-
appointed estate administrator:

         Bernhard Konecny
         Franz-Josefs-Kai 49
         1010 Wien
         Austria
         Tel: 533 52 72
         Fax: 533 52 72 15
         E-mail: office@abel-abel.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 12:00 p.m. on Jan. 28, 2009, for the
examination of claims at:

         Trade Court of Vienna
         Room 1607
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Nov. 27, 2008, (Bankr. Case No. 28 S 157/08d).


VENUS-VIDEO LLC: Claims Registration Period Ends January 14
-----------------------------------------------------------
Creditors owed money by LLC Venus-Video (FN 69704g) have until
January 14, 2009, to file written proofs of claim to the court-
appointed estate administrator:

         Dr. Johannes Jaksch
         Landstrasser Hauptstrasse 1/2
         1030 Wien
         Austria
         Tel: 713 44 33, 713 34 05
         Fax: 713 10 33
         E-mail: kanzlei@jsr.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 12:00 p.m. on Jan. 28, 2009, for the
examination of claims at:

         Trade Court of Vienna
         Room 1607
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Nov. 27, 2008, (Bankr. Case No. 28 S 156/08g).


=============
E S T O N I A
=============


Q VARA: Seeks Bankruptcy Protection
-----------------------------------
Estonian real estate company Q Vara has sought bankruptcy
protection, Marge Tubalkain-Trell at Baltic Business News reports
citing aripaev.ee as its source.

In a filing with the Harju County Court, the company, the report
relates, blamed the cooling economy for its financial woes.

"The clients, for whom the price level had gotten high and
financing more complicated, started to value building quality and
location.  That means many ready and almost ready developments did
not find a buyer," the company was quoted by the report as saying.
"The amount of Q Vara's financial expenses has gotten notably
higher than expected for smaller bank financing.  Refinancing
high-interest bridge financing has been notably harder."


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


LEHMAN BROTHERS: Court Approve Settlement with French Units
-----------------------------------------------------------
Lehman Brothers Holdings, Inc., obtained approval from the U.S.
Bankruptcy Court for the Southern District of New York of a
settlement agreement with three French affiliates that operate
Lehman's investment business in France.  The three affiliates
are: (i) Banque Lehman Brothers S.A., (ii) Lehman Brothers
Conseil S.A., and (iii) Lehman Brothers Services S.N.C.

LBHI also obtained authority to vote, in its capacity as a
shareholder of BLB, for the sale of BLB's business to Banque
Nomura France and the voluntary dissolution of BLB, both of which
are predicated, inter alia, upon the implementation of the
Settlement Agreement.

The Settlement Agreement would cut the claims of Banque Lehman
against the bankrupt company from EUR178 million to EUR93.2
million.

Banque Lehman's claim stems from the cash management system of
Lehman Brothers Holdings, which reportedly left the unit without
funds after its parent company filed for bankruptcy on Sept. 15.

Meanwhile, Lehman Brothers asserts more than EUR76 million
against Banque Lehman and another EUR8 million against LBS as of
Sept. 12.  Its claims related to its employee incentive plan and
pre-bankruptcy intercompany loans.

The settlement was reached after extensive talks between Alvarez
& Marsal Inc., and Alain Bachelot, the administrator appointed by
the French Banking Commission to run the units.

                     Sale of Banque Lehman

The approval of the Settlement Agreement is also a precondition
for the sale of Banque Lehman to Banque Nomura France, the only
bidder for the unit.

Banque Nomura is a unit of Japan's largest brokerage, Nomura
Holdings Inc., the same firm that bought Lehman Brothers
Holdings' Asian, European and Middle Eastern businesses for
US$2 billion.

Attorney for Lehman Brothers Holdings, Richard Krasnow of Weil
Gotshal & Manges, in New York, said the sale would significantly
reduce Banque Lehman's debts since it requires Banque Nomura to
assume its liabilities in return for the employees, business
information technology, commercial records and other assets it
would gain from Banque Lehman.

The reduction in Banque Lehman's debt would also benefit Lehman
Brothers Holdings, given the latter's potential exposure under a
support letter dated June 15, 1994, wherein it committed to
Banque de France and the Commission Bancaire to provide its
French unit with financial support.

"The combination of the [sale] and the settlement agreement will
facilitate Banque Lehman's ability to wind down its affairs
through a solvent liquidation which entails a cooperative and
orderly process for negotiating with creditors and minimizing
liabilities, rather than through an insolvent liquidation, which
is likely to result if the settlement agreement is not approved,"
Mr. Krasnow said.

The key terms of the Settlement Agreement are:

(1) Lehman Brothers Holdings waives its claims in their
     entirety.

(2) Banque Lehman waives its claim other than its remaining
     claim of EUR93,212,114, which is the net amount resulting
     from a netting of Lehman Brothers Holdings' claims against
     Banque Lehman's claims.  Lehman Brothers Holdings retains
     the right to object to the remaining claim while Banque
     Lehman retains the burden of proving that the
     EUR93,212,114 is an allowed claim.

(3) Alain Bachelot, acting administrator for Banque Lehman
     and its subsidiaries, will use his best efforts to
     settle all of Banque Lehman's liabilities with assets
     other than its remaining claim.  Banque Lehman's
     recovery from Lehman Brothers Holdings ' estate on
     account of its remaining claim is limited to the lesser
     of the actual recovery Banque Lehman would receive, and
     the amount by which Banque Lehman's liabilities exceed
     its other assets.

(4) Once the amount, if any, by which Banque Lehman's
     Liabilities exceed its other assets is determined, Mr.
     Bachelot will send a notice to Lehman Brothers Holdings
     stating the amount and providing supporting documents.
     Thereafter, the administrator has a right to sell all or a
     portion of the remaining claim for consideration of up to
     the amount by which Banque Lehman's liabilities exceed its
     other assets.

(5) Banque Lehman waives any claims it has against Lehman
     Brothers Holdings on account of the bankrupt company's
     commitment to provide financial support.  In the
     context of its liquidation and the withdrawal of its
     banking license, Banque Lehman also agrees to obtain
     from Banque de France or the Commission Bancaire the
     formal termination of the support letter with no
     residual claim, right or recourse whatsoever against
     Lehman Brothers Holdings as of the effective date of
     The withdrawal of its banking license.

(6) Until the support letter becomes void and may no longer be
     exercised by Banque de France or the Commission Bancaire,
     Banque Lehman will neither sell the remaining claim nor
     receive any recoveries from Lehman Brothers Holdings on
     account of that claim.  If Banque de France or the
     Commission Bancaire exercises any rights under the support
     letter, Banque Lehman will waive any rights it may have on
     account of the remaining claim.

(7) Conditions precedent include:

     * approval by the Court prior to Dec. 23 of the
       Settlement Agreement and Lehman Brothers' vote in Banque
       Lehman's shareholder meetings in favor of the sale of
       the French unit's business and its liquidation;

     * approval by Banque Lehman's corporate bodies prior
       to Jan. 20, 2009, of the sale; and

     * approval by the Commercial Court of Paris in
       conciliation proceedings pursuant to Article L.
       611-8-11 of the French Commercial Code, prior to
       Jan. 20, 2009, of the Settlement Agreement.

The Settlement Agreement also provides that the rights and
obligations of the signatories will be null and void if these
conditions are not met or waived:

(1) Lehman Brothers Holdings and the chairman in office of
     Banque Lehman do not vote in favor of the liquidation at
     the general meeting of shareholders of BLB on or prior to
     June 30, 2009;

(2) the shareholders of LBS and LBC do not vote in favor of
     the voluntary dissolution of the two companies on or prior
     to June 30, 2009;

(3) the withdrawal of the banking license of Banque Lehman by
     The French Comite des Etablissements de credit et des
     Enterprises d' Investissement does not take effect on or
     prior to June 30, 2009, or if Banque de France or the
     Commission Bancaire exercises its right under the support
     letter prior to the date on which the withdrawal has
     become effective; and

(4) the formal approval of the settlement agreement by the
     Commercial Court of Paris has not become a final order
     within 10 days of its receipt.

                      About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers led in the global financial
markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.  Through its team of more than 25,000 employees, Lehman
Brothers offered a full array of financial services in equity and
fixed income sales, trading and research, investment banking,
asset management, private investment management and private
equity.  Its worldwide headquarters in New York and regional
headquarters in London and Tokyo are complemented by a network of
offices in North America, Europe, the Middle East, Latin America
and the Asia Pacific region.  The firm, through predecessor
entities, was founded in 1850.

Lehman filed for chapter 11 bankruptcy Sept. 15, 2008 (Bankr.
S.D.N.Y. Case No.: 08-13555).  Lehman's bankruptcy petition listed
US$639 billion in assets and US$613 billion in debts, effectively
making the firm's bankruptcy filing the largest in U.S. history.

Subsidiary LB 745 LLC, submitted a Chapter 11 petition on Sept. 16
(Case No. 08-13600).  Several other affiliates followed
thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On Sept. 19, 2008, the Honorable Gerard E. Lynch, Judge of the
United States District Court for the Southern District of New
York, entered an order commencing liquidation of Lehman Brothers,
Inc., pursuant to the provisions of the Securities Investor
Protection Act in the case captioned Securities Investor
Protection Corporation v. Lehman Brothers Inc., Case No. 08-CIV-
8119 (GEL).  James W. Giddens has been appointed as trustee for
the SIPA liquidation of the business of LBI

Barclays Bank Plc has agreed, subject to U.S. Court and relevant
regulatory approvals, to acquire Lehman Brothers' North American
investment banking and capital markets operations and supporting
infrastructure for US$1.75 billion.  Nomura Holdings Inc., the
largest brokerage house in Japan, on Sept. 22 reached an agreement
to purchased Lehman Brothers Holdings, Inc.'s operations in Europe
and the Middle East less than 24 hours after it reached a deal to
buy Lehman's operations in the Asia Pacific for US$225 million.
Nomura paid only US$2 dollars for Lehman's investment banking and
equities businesses in Europe, but agreed to retain most of
Lehman's employees.

             International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd. These are currently the only UK incorporated
companies in administration.  Tony Lomas, Steven Pearson, Dan
Schwarzmann and Mike Jervis, partners at PricewaterhouseCoopers
LLP, have been appointed as joint administrators to Lehman
Brothers International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.
Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on Sept. 16.  The
two units of Lehman Brothers Holdings, Inc., which has filed for
bankruptcy protection in the U.S. Bankruptcy Court for the
Southern District of New York, have combined liabilities of JPY4
trillion -- US$38 billion).  Lehman Brothers Japan Inc.
reported about JPY3.4 trillion (US$33 billion) in liabilities in
its petition.  Akio Katsuragi, a former Morgan Stanley executive,
runs Lehman's Japan units.

Lehman Brothers Asia Limited, Lehman Brothers Securities Asia
Limited and Lehman Brothers Futures Asia Limited have suspended
its operations with immediate effect, including ceasing to trade
on the Hong Kong Securities Exchange and Hong Kong Futures
Exchange, until further notice.  The Asian units' asset management
company, Lehman Brothers Asset Management Limited, will continue
to operate on a business as usual basis.  A further notice
concerning the retail structured products issued by or arranged by
any Lehman Brothers group company will be issued as soon as
possible, a press statement said.

(Lehman Brothers Bankruptcy News, Issue No. 12; Bankruptcy
Creditors' Service, Inc., <http://bankrupt.com/newsstand/>or
215/945-7000).


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


B & H HANSEATISCHE: Claims Registration Period Ends Jan. 23
-----------------------------------------------------------
Creditors of B & H Hanseatische Metallbau GmbH have until Jan. 23,
2009, to register their claims with court-appointed insolvency
manager.

Creditors and other interested parties are encouraged to attend
the meeting at 9:55 a.m. on Feb. 25, 2009, at which time the
insolvency manager will present his first report.

The meeting of creditors will be held at:

         The District Court of Stralsund
         Hall AE 26
         House A
         Bielkenhagen 9
         Stralsund
         Germany

Claims set out in the insolvency manager's report will be verified
by the court during this meeting.  Creditors may also 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 opened bankruptcy proceedings against the
company on Dec. 22, 2008.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         B & H Hanseatische Metallbau GmbH
         Attn: Josef Bokelmann
         Poggenweg 16/17
         17489 Greifswald
         Germany


D-H-K VERWALTUNGS: Claims Registration Period Ends January 20
-------------------------------------------------------------
Creditors of D-H-K Verwaltungs GmbH have until Jan. 20, 2009, to
register their claims with court-appointed insolvency manager.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on March 3, 2009, at which time the
insolvency manager will present his first report.

The meeting of creditors will be held at:

         The District Court of Darmstadt
         Hall 4.310
         Fourth Floor
         Building D
         Mathildenplatz 15
         64283 Darmstadt
         Germany

Claims set out in the insolvency manager's report will be verified
by the court during this meeting.  Creditors may also constitute a
creditors' committee or opt to appoint a new insolvency manager.

The insolvency manager can be reached at:

         Ulrich Bert
         Birkenweg 24
         64295 Darmstadt
         Germany
         Tel: 06151/66 72 9-0
         Fax: 06151/66 72 9-20
         E-mail: darmstadt@ltb-anwaelte.de

The District Court opened bankruptcy proceedings against the
company on Dec. 22, 2008.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         D-H-K Verwaltungs GmbH
         Attn: Holger Kramer, Manager
         Muehlbergstrasse 41
         64319 Pfungstadt
         Germany


EUROMEDIA VERLAGS: Claims Registration Period Ends January 23
-------------------------------------------------------------
Creditors of E.M. EuroMedia Verlags- und Service-Gesellschaft mbH
have until Jan. 23, 2009, to register their claims with court-
appointed insolvency manager.

Creditors and other interested parties are encouraged to attend
the meeting at 10:50 a.m. on Feb. 24, 2009, at which time the
insolvency manager will present his first report.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Hall B 405
         Fourth Floor Annex
         Civil Justice Bldg.
         Sievkingplatz 1
         20355 Hamburg
         Germany

Claims set out in the insolvency manager's report will be verified
by the court during this meeting.  Creditors may also constitute a
creditors' committee or opt to appoint a new insolvency manager.

The insolvency manager can be reached at:

         Dr. Thilo Streck
         Neuer Wall 86
         20354 Hamburg
         Germany

The District Court opened bankruptcy proceedings against the
company on Dec. 19, 2008.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         E.M. EuroMedia Verlags and
         Service-Gesellschaft mbH
         Attn: Christoph Marloh and
               Claudia Marloh, Managers
         Badestrasse 35
         20148 Hamburg
         Germany


SUNRISE SENIOR: Enters Into Standstill Agreement with Natixis
-------------------------------------------------------------
On December 24, 2008, Sunrise Senior Living, Inc., entered into a
Pre-Negotiation and Standstill Agreement by and among the company,
two of its subsidiaries, Sunrise Hannover Senior Living GmbH & Co.
KG and Sunrise Hannover GmbH, and Natixis, London Branch, in its
capacity as agent and security trustee for certain lenders under:

  (i) a loan agreement, dated March 13, 2006, by and among the
      Agent, OpCo and certain lenders thereto, and

(ii) a loan agreement, dated March 13, 2006, by and among the
      Agent, PropCo and certain lenders thereto.

In connection with the Loans, the company and the Agent entered
into (i) a funding obligation agreement, dated June 26, 2006, with
PropCo and (ii) a funding obligation agreement, dated June 26,
2006, with OpCo pursuant to which the company provided certain
guarantees to the Agent in respect of the Loans.

On December 18, 2008, the Agent sent to the company a demand
letter requesting that the company pay an amount equal to the cash
flow deficit of EUR11,224,376 pursuant to the Funding
Obligations.

Pursuant to the terms of the Standstill Agreement, the Agent
agreed, inter alia, to commence discussions and negotiations with
the company and the Borrower relating to certain obligations of
the company and the Borrower under the Loans and the Funding
Obligations, and to not commence or prosecute any action or
proceeding to enforce its demand for payment by the company of the
Cash Flow Deficit during the period commencing on December 24,
2008, and ending on the later of (i) 60 calendar days after the
date of the Standstill Agreement and (ii) the termination date of
an agreement, if any, that the company intends to enter into with
Bank of America, N.A. relating to its credit facility with that
bank.  In any event, the Standstill Agreement will automatically
terminate upon the occurrence of an event of default, and will
expire on March 31, 2009, at the latest.

A full-text copy of the Pre-Negotiation and Standstill Agreement
is available for free at: http://researcharchives.com/t/s?3728

The company, the Borrower and the Agent also entered into a
Standstill Agreement dated December 23, 2008, which agreement is
governed by the laws of the Federal Republic of Germany, pursuant
to which the Agent agreed, inter alia, not to enforce any of its
acceleration and prepayment rights under the Loans during the
period commencing on December 23, 2008, and ending on the later of
(i) 60 calendar days after the date of the Borrower Standstill
Agreement and (ii) the termination date of an agreement, if any,
that the company intends to enter into with Bank of America, N.A.,
relating to its credit facility with that bank.  In any event, the
Borrower Standstill Agreement will automatically terminate upon
the occurrence of an event of default and will expire on March 31,
2009, at the latest.

A full-text copy of the Borrower Standstill Agreement is available
for free at: http://researcharchives.com/t/s?3727

                   Amendment to Annual Report

On December 30, 2008, Sunrise Senior Living filed its second
amendment to its Annual Report on Form 10-K for the fiscal year
ended December 31, 2007.  Among others, the company reflected its
non-compliance with certain covenants related to its Bank Credit
Facility.  The financial statements of PS Germany Investment
(Jersey) Limited Partnership have been revised to include a
discussion of the company's non-compliance with certain covenants
related to its Bank Credit Facility and a discussion of subsequent
events occurring between September 10, 2008 and December 23, 2008.
The Partnership's auditor said that the non-compliance raises
substantial doubt about the Partnership's ability to continue as a
going concern.

         Tiffany Tomasso Will Head European Operations

Tiffany Tomasso, the company's chief operating officer, moved from
her role and became head of European operations effective
December 22, 2008.

"Strengthening our core business remains our focus and that
includes closer oversight of our European portfolios," said Mark
Ordan, Sunrise's chief executive officer.  "I am confident, with
Tiffany's executive leadership, we will continue to see
improvement in our UK and German communities."

Daniel Schwartz, senior vice president of North American
Operations, and Kurt Conway, senior vice president of Sales and
Marketing, will now report to Mr. Ordan.

"Sunrise is the brand leader in the industry, with some of the
strongest operating metrics of any senior-living company," added
Mr. Ordan. "Our experienced U.S. and Canadian operations leaders,
in combination with Tiffany's oversight of Europe, make Sunrise
well positioned to become a leaner, stronger, growing company."

                   About Sunrise Senior Living

Sunrise Senior Living, a McLean, Va.-based company --
http://www.sunriseseniorliving.com-- employs approximately 40,000
people.  As of September 30, 2008, Sunrise operated 448
communities in the United States, Canada, Germany and the United
Kingdom, with a combined capacity for approximately 55,000
residents.  At quarter end, Sunrise also had 34 communities under
construction in these countries with a combined capacity for 4,277
additional residents.  Sunrise offers a full range of personalized
senior living services, including independent living, assisted
living, care for individuals with Alzheimer's and other forms of
memory loss, as well as nursing, rehabilitative and hospice care.


ZENTRUM DER FOERDER: Claims Registration Period Ends January 19
---------------------------------------------------------------
Creditors of Zentrum der Foerder and Aufzugstechnik Rosswein
gemeinnützige GmbH have until Jan. 19, 2009, to register their
claims with court-appointed insolvency manager.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Feb. 18, 2009, at which time the
insolvency manager will present his first report.

The meeting of creditors will be held at:

         The District Court of Leipzig
         Hall 145
         Enforcement Court
         Bernhard Goering Strasse 64
         04275 Leipzig
         Germany

Claims set out in the insolvency manager's report will be verified
by the court during this meeting.  Creditors may also constitute a
creditors' committee or opt to appoint a new insolvency manager.

The insolvency manager can be reached at:

         Michael Schoor
         Schorlemmerstrasse 2
         04155 Leipzig
         Germany
         Tel: 0341/4903650
         Fax: 0341/4903699

The District Court opened bankruptcy proceedings against the
company on Dec. 22, 2008.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         Zentrum der Foerder and
         Aufzugstechnik Rosswein gemeinnuetzige GmbH
         Attn: Martina Gasse, Manager
         Doebelner Strasse 65A
         04741 Rosswein
         Germany


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


SCANTEK MEDICAL: Files for Chapter 11 Bankruptcy in New Jersey
--------------------------------------------------------------
Scantek Medical, Inc., filed a voluntary petition under Chapter 11
of the United States Bankruptcy Code before the United States
Bankruptcy Court District of New Jersey.

The company said it has shipped 35,000 units of its
BreastCare(TM)/BreastAlert(TM) Differential Temperature Sensor
product to a medical equipment supplier for hospitals and doctors
in Brazil.  The purchaser paid US$100,000 to date, and will pay
the balance of the purchase price 180 days after its receipt of
the units.

The purchaser's obligation to pay the balance of the purchase
price is secured by a standby letter of credit.

                      About Scantek Medical

Headquartered in Mountain Lakes, New Jersey, Scantek Medical
Inc. (Pink Sheets: SKML) develops, produces, and distributes
BeastCare(TM)/BreastAlert(TM) Differential Temperature Sensor
product.  The company has subsidiaries in Brazil and Hungary.


SCANTEK MEDICAL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Scantek Medical, Inc.
       PO Box 307
       Mountain Lakes, NJ 07046

Bankruptcy Case No.: 08-35593

Type of Business: The Debtor develops, produces, and distributes
                 BeastCare(TM)/BreastAlert(TM) Differential
                 Temperature Sensor product.  The company has
                 subsidiaries in Brazil and Hungary.

Chapter 11 Petition Date: December 24, 2008

Court: District of New Jersey (Newark)

Judge: Morris Stern

Debtor's Counsel: Wayne M. Greenwald, Esq.
                 Wayne Greenwald, PC
                 475 Park Avenue South, 26th Floor
                 New York, NY 10016
                 Tel: (212) 983-1922

Estimated Assets: Less than US$50,000

Estimated Debts: US$10 million to US$50 million

The Debtor's Largest Unsecured Creditors:

  Entity                                        Claim Amount
  ------                                        ------------
Zsigmon L. Sagi                                  US$3,501,256
PO Box 307
Mountain Lakes, NJ 07046

Ballydine                                        US$1,908,045
Hong Kong China

Accordant Holdings LLC                           US$1,690,730
853 East Valley Blvd., Ste 200
San Gabriel, CA 91776

Mintz & Fraade PC                                US$1,322,675
488 Madison Avenue, 11th Floor
New York, NY 10022

Patricia Furness                                 US$1,118,490
PO Box
New Jersey

Rubin Family Trust                               US$820,175
25 Highlands Blvd.
Huntington Station, NY 11746

Louis Gottlieb                                   US$675,321
439 Links Drive
Roslyn, NY 11576

Weiner Goodman & Co.                             US$557,149
10 Industrial Way E.
Eatontwon, NJ 07724

Canal Jeans                                      US$552,249
c/o Ira Russack
2236 Norstrand Avenue
Brooklyn, NY 11210

DC Consultants                                   US$489,560

Gerald Goodman                                   US$350,000

Malir Enterprises Corp.                          US$346,987

Zurow Investments SA                             US$346,987

Kilham Management                                US$346,987

Ira Russack                                      US$314,029

Life Medical Technologies                        US$266,532
Inc.

Jeffrey Izzo                                     US$180,000

Law Offices of Edward C                          US$170,000
Kramer PC

The petition was signed by Patricia B. Furness, president and
director of the company.


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


LOMAC TILES: To Go Into Creditors' Voluntary Liquidation
--------------------------------------------------------
Martin Wall at The Irish Times reports that staff at Lomac Tiles
(Ireland) Ltd, which traded as Tile Market, have been told the
company is to be placed in creditors' voluntary liquidation after
running into financial difficulties.

In a letter to staff Tuesday, December 30, company director Jim
McMullan, as cited by the report, said the company was no longer
in a position to continue with employment of staff and it was
necessary to terminate contracts with immediate effect.

Mr. McMullan, the report relates, told the staff that they had
received all outstanding wages in their final pay, while
additional claims for holiday pay, redundancy pay and notice pay
would be dealt with by the liquidator when appointed.

According to the report, staff said some stores had been closed
since just before Christmas.

Lomac Tiles (Ireland) had a pre-tax profit of EUR258,671 in 2007,
down from EUR522,930 in 2006, the report discloses.

Robin Morton of The Irish Times, however, notes Lomac Tiles'
operation in the Northern Ireland is not affected by what is
happening in the Republic.  Staff at all 12 Tile Market outlets in
Northern Ireland have been assured that their jobs are safe, Mr.
Morton adds.

Based in Lurgan, Co Armagh, Lomac Tiles (Ireland) Ltd  provides
wall and floor tiles, solid wood and wood laminate flooring and
tools and accessories.


ZAVVI RETAIL: Provisional Liquidator Appointed
----------------------------------------------
Louise Hogan and Ray Managh at Independent.ie report that Justice
Bryan McMahon at the High Court appointed David Hughes of Ernst
and Young as provisional liquidator to music chain Zavvi Retail
Ireland Ltd.

The report relates James Doherty, counsel for Zavvi, said the
company, which operates 11 stores, had been unable to obtain
supplies on credit since the closure of the Woolworths chain in
Britain and was now no longer able to pay its debts, which stood
at EUR11 million.

Zavvi's board, the report recounts, insisted putting the company
into examinership did not offer a realizable prospect of survival
and it felt the best deal for creditors and employees, in the
short term, could be achieved through liquidation.

HMV, the report says, had expressed an interest in taking over
five of Zavvi's stores in Ireland with a possibility of taking
over even more.  The report notes the Irish operation had been
reasonably profitable prior to the collapse of its main supplier.

According to the report, Mr. Doherty said talks, which had already
taken place between Zavvi and HMV, could yet save many of the jobs
at the company.

The company, the report discloses, employs 207 permanent staff and
93 temporary staff.

The petition to wind up the company was adjourned until Jan. 19,
the report states.

As reported in the TCR-Europe on Dec. 29, 2008, Tom Jack, Simon
Allport and Alan Hudson of Ernst & Young LLP were appointed joint
administrators of zavvi UK (zavvi Group Ltd, zavvi Retail Ltd, V R
Services Ltd, Piccadilly Entertainment Stores Ltd, Ablegrand Ltd,
Ablegrand 2 Ltd).  Tom Jack and Andrew Dann of Ernst & Young LLP
meanwhile were appointed as liquidators of zavvi Online (Guernsey)
Ltd.

The zavvi Group is the UK's largest independent entertainment
retailer trading from 125 stores across the UK (114) and Ireland
(11) currently employing 2,363 permanent staff and 1,052 temporary
staff.  The group was formed from a management buy out (MBO) of
the Virgin Megastore division of the Virgin Group in September
2007.

On November 27, 2008, Entertainment UK Ltd, the group's main
supplier, went into administration.  Since this time the group has
been unable to source stock in the usual way and has been forced
to enter into new trading arrangements.  The directors understand
it is unlikely that EUK will be sold as a going concern and the
zavvi Group has continued to experience significant difficulty in
obtaining stock on favorable credit terms.  This has resulted in
considerable working capital difficulties as a result of the
failure of EUK, in addition to continuing operating losses.


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


BRILLIANTOVY MIR: Proof of Claim Deadline Slated for February 5
---------------------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Brilliantovy Mir insolvent.

Creditors have until Feb. 5, 2009, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Butin Str. 44
         Micro District Taugul-3
         050052 Almaty
         Kazakhstan
         Tel: 8 (7272) 39-15-60
              8 777 223 07-71


KASIET LLP: Creditors Must File Claims by February 5
----------------------------------------------------
The Specialized Inter-Regional Economic Court of South Kazakhstan
has declared LLP Kasiet insolvent.

Creditors have until Feb. 5, 2009, to submit written proofs of
claims to:

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


KAZ STROY ENGINEERING: Claims Filing Period Ends February 5
-----------------------------------------------------------
LLP Kaz Stroy Engineering has opted for liquidation.  Creditors
have until Feb. 5, 2009, to submit written proofs of claims to:

         LLP Kaz Stroy Engineering
         30 Let Tseliny Str. 2/1-76
         Promyshlenny
         Almaty
         Astana
         Kazakhstan


NAURYZ 2007: Creditors' Claims Due on February 5
------------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has
declared LLP Nauryz 2007 insolvent.

Creditors have until Feb. 5, 2009, 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


NERUDNIK JSC: Claims Registration Ends February 5
-------------------------------------------------
JSC Nerudnik has declared liquidation.  Creditors have until
Feb. 5, 2009, to submit written proofs of claims to:

         JSC Nerudnik
         312 Strelkovaya diviziya ave. 10a
         Aktobe
         Aktube
         Kazakhstan


SHYMNUR LLP: Proof of Claim Deadline Slated for February 5
----------------------------------------------------------
The Specialized Inter-Regional Economic Court of South Kazakhstan
has declared LLP Shymnur insolvent.

Creditors have until Feb. 5, 2009, to submit written proofs of
claims to:

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


STARLINE TOUR: Creditors Must File Claims by February 5
-------------------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has
declared LLP Starline Tour insolvent.

Creditors have until Feb. 5, 2009, 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


TUGEL-OUBEKIR LLP: Claims Filing Period Ends February 5
-------------------------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Tugel-Oubekir insolvent on Aug. 1, 2008.

Creditors have until Feb. 5, 2009, to submit written proofs of
claims to:

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


VOSTOK KAZ: Creditors' Claims Due on February 5
-----------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
has declared LLP Construction Company Vostok Kaz Sel Stroy
insolvent.

Creditors have until Feb. 5, 2009, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan
         Office 105
         Myzy Str. 2/1
         Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan
         Tel: 8 (7232) 57-83-69


YAKSART SAUDA: Claims Registration Ends February 5
--------------------------------------------------
The Specialized Inter-Regional Economic Court of Kyzylorda has
declared LLP Yaksart Sauda insolvent on Aug. 12, 2008.

Creditors have until Feb. 5, 2009, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Kyzylorda
         Aiteke bi Str. 29
         Kyzylorda
         Kazakhstan


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


ASIA RITAIL: Creditors Must File Claims by February 12
------------------------------------------------------
LLC Asia Ritail Consulting has declared insolvency.  Creditors
have until Feb. 12, 2009, to submit claims to:

         LLC Asia Ritail Consulting
         Manas Str. 64-8
         Bishkek
         Kyrgyzstan


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


ALROSA: Diamond Output to Drop 1.7% in 2008, President Says
-----------------------------------------------------------
RIA Novosti reports that Alrosa's diamond output is expected to
decline 1.7%, year-on-year, in 2008 to US$2.33 billion after the
global economic crisis hit the world diamond market.

In his statement published in the corporate bulletin, Alrosa
President Sergei Vybornov, as cited by the report, said diamond
sales were expected to slip 1.1% to US$2.76 billion in 2008, while
the sale of quality diamonds would grow 0.6% to US$157.2 million.

"The global economic crisis has proved to be extremely painful for
the world diamond market.  The world's largest diamond producers
have turned out to be unprepared in full for such a sharp negative
change in the market situation," Mr. Vybornov was quoted by the
report as saying.

He added the company had decided to reduce supply on the market,
the report notes.

                          About Alrosa

ALROSA Co. Ltd. -- http://eng.alrosa.ru/eng/-- is Russia's
largest diamond company engaged in the exploration, mining,
manufacture and sales of diamonds and one of the world's major
rough diamond producers.  ALROSA produces about 20% of the world's
rough diamond output and accounts for almost 100% of all rough
diamonds produced in Russia.

                          *     *     *

As reported in the TCR-Europe on Nov. 28, 2008, Moody's Investors
Service affirmed the Ba2 corporate family ratings of ALROSA
Company Ltd and Ba2 senior unsecured US$500 million 2014 notes
raised by the group at ALROSA Finance SA and guaranteed by ALROSA
Company Ltd.  The outlook is stable.

While Moody's affirmed the ratings, it has also revised the inputs
that support the Ba2 corporate family ratings.


DANILOVSKIY WOODWORKERS: Creditors Must File Claims by Feb 19
-------------------------------------------------------------
Creditors of LLC Danilovskiy Woodworkers Plant have until Feb. 19,
2009, to submit proofs of claims to:

         S. Ilyushechkin
         Temporary Insolvency Manager
         Zavodskaya Str. 7
         152070 Danilov
         Russia

The Arbitration Court of commenced bankruptcy supervision
procedure.  The case is docketed under Case No. ?82-2910/2008-30-
/23.

The Debtor can be reached at:

         LLC Danilovskiy Woodworkers Plant
         Danilov
         Yaroslavskaya
         Russia


MAGNITOGORSKIY AUTOMOTIVE: Court Names Insolvency Manager
---------------------------------------------------------
The Arbitration Court of Chelyabinskaya appointed V. Solovyev as
Temporary Insolvency Manager for LLC Magnitogorskiy Automotive
Equipment Maintenance Plant No. 1.  The case is docketed under
Case No. ?76-23846/2008-36-150.  He can be reached at:

         Stepana Razina Str. 3
         454005 Chelyabinsk
         Russia

The Debtor can be reached at:

         LLC Magnitogorskiy Automotive Equipment
         Maintenance Plant No. 1
         Kharkovskaya Str. 9
         455005 Chelyabinskaya
         Russia


SAKHALIN SHELF: Creditors Must File Claims by February 19
---------------------------------------------------------
Creditors of LLC Sakhalin Shelf Stroy Servis (TIN 6501113408)
(Construction) have until Feb. 19, 2009, to submit proofs of
claims to:

         Yu. Tryasorukov
         Insolvency Manager
         Nauki Str. 6/59
         693022 Yuzhno-Sakhalinsk
         Russia

The Arbitration Court of Sakhalinskaya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. ?59–213/08-S7.


SODEYSTVIE LLC: Creditors Must File Claims by February 19
---------------------------------------------------------
Creditors of LLC Sodeystvie (Construction) (TIN 6314002867) have
until Feb. 19, 2009, to submit proofs of claims to:

         V. Sviridov
         Insolvency Manager
         Novo-Vokzalny tupik Str. 21/36
         443063 Samara
         Russia

The Arbitration Court of Samara commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. ?55-5963/2007.

The Court is located at:

         The Arbitration Court of Samara
         Avrory Str. 148
         443045 Samara
         Russia

The Debtor can be reached at:

         LLC Sodeystvie
         Leninskaya Str. 202
         443001 Samara
         Russia


SPETS-STROY-TVER LLC: Tverskaya Bankruptcy Hearing Set May 21
-------------------------------------------------------------
The Arbitration Court of Tverskaya will convene on May 21, 2009,
to hear bankruptcy supervision procedure on LLC Spets-Stroy-Tver
(Construction).  The case is docketed under Case No. ?66–
8887/2008.

The Temporary Insolvency Manager is:

         V. Alekseyev
         Post User ox 56
         190013 Saint-Petersburg
         Russia

The Debtor can be reached at:

         LLC Spets-Stroy-Tver
         Batino 1
         Kalininskiy
         170015 Tverskaya
         Russia


TEKH-STROY-PROEKT LLC: Creditor Must File Claims by January 19
--------------------------------------------------------------
Creditors of LLC Tekh-Stroy-Proekt (Construction) have until
Jan. 19, 2009, to submit proofs of claims to:

         R. Sammasov
         Temporary Insolvency Manager
         Shirotnaya Str. 61/117
         Tumen
         Russia

The Arbitration Court of Tumen will convene at 10:15 a.m. on
Feb. 26, 2009, to hear bankruptcy supervision procedure.  The case
is docketed under Case No. ?70-5608/3-08.

The Debtor can be reached at:

         LLC Tekh-Stroy-Proekt
         Chervishevskiy tract 94/281
         Tumen
         Russia


TYRNYAUZSKIY WOLFRAMIUM: Court Names Insolvency Manager
-------------------------------------------------------
The Arbitration Court of Kaardino-Balkaria appointed V. Fedichev
as Insolvency Manager for SUE Tyrnyauzskiy Wolfranium and
Molydenym Plant.  The case is docketed under Case No. ?20–
2771/2002.  He can be reached at:

         Office 10H
         Bolshoy Prospect 79A
         197022 Saint-Petersburg
         Russia

The Debtor can be reached at:

         SUE Tyrnyauzskiy Wolfranium and Molydenym Plant
         Elruskiy Prospect 19
         Tyrnyauz
         Elrusskiy
         361600 Kabardino-Balkaria
         Russia


VOLZHSKIE KONSERVY: Creditors Must File Claims by February 19
-------------------------------------------------------------
Creditors of LLC Volzhskie Konservy (TIN 7709329951) (Cannery)
have until Feb. 19, 2009, to submit proofs of claims to:

         M. Mazalov
         Insolvency Manager
         Post User Box 3115
         400105 Volgograd
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. ?40–55289/07–86-159B.

The Debtor can be reached at:

         LLC Volzhskie Konservy
         Building 2
         Bolshoy Fakelny pereulok 3
         109004 Moscow
         Russia


YAMAL-GAZ-PROM-STROY LLC: Bankruptcy Hearing Set March 27
---------------------------------------------------------
The Arbitration Court of Yamalo-Nenetskiy will convene at 10:00
a.m. on Mar. 27, 2009, to hear bankruptcy supervision procedure on
LLC Yamal-Gaz-Prom-Stroy (Construction).  The case is docketed
under Case No. ?81-3765/2008.

The Temporary Insolvency Manager is:

         F. Nasyrov
         Kedrovaya Str. 127a
         625034 Tumen
         Russia


YURGAMYSHSKIY BUTTER: Creditors Must File Claims by January 19
--------------------------------------------------------------
Creditors of OJSC Yurgamyshskiy Butter and Cheese-making Plant
have until Jan. 19, 2009, to submit proofs of claims to:

         V. Koval
         Insolvency Manager
         Office 201
         Tolnaya Str. 54
         640020 Kurgan
         Russia

The Arbitration Court of Kurgan commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. ?34-6263/2008.

The Debtor can be reached at:

         OJSC Yurgamyshskiy Butter and Cheese-making Plant
         Niva
         Yurgamyshskiy
         Kurganskaya
         Russia


* RUSSIA: Gov't Allocates US$340 Bln for Anti-Crisis Package
------------------------------------------------------------
Russia's government has set aside RUR10 trillion (US$340 billion)
for an anti-crisis package, RIA Novosti reports citing the
government's press office.

According the report, the press office said Monday last week the
money will come from the federal budget, the Central Bank and
reserve funds.

The government, the report states, is also ready to provide RUR92
billion  (US$3 billion) from the federal budget in financial
assistance to the so-called core enterprises, as well as up to
RUR200 billion (about US$7 billion) worth in state guarantees.

The government issued on Thursday, December 25, a list containing
the names of 295 companies that will receive state support,
including companies working in transport, energy, oil and gas,
communications, media and other sectors, the report relates.


=========
S P A I N
=========


AIFOS: Forced Into Receivership by Creditor
-------------------------------------------
Marbella-based holiday home developer Aifos has been forced into
receivership by Gestion de Obras y Reformas Ltd, one of its
suppliers and creditors, Novocasa reports.

Gestion de Obras y Reformas, the report recounts, started
bankruptcy proceedings against the company last month in a court
in Malaga.

Press reports meanwhile speculate the collapse of the Spanish
developer Tremon might have prompted the bankruptcy proceedings
against the company.

The company, the report says, racked up debts of EUR850 million.

According to the report, the company owes Banco Popular EUR200
million, while it owes Banco Pastor EUR150 million.

Banco Pastor, however, claims its exposure to the company is only
EUR30 million, the report states.

The report recalls in 2006 the company was caught up in Operation
Malaya, a police operation against municipal corruption.  Jesus
Ruiz Casado, the owner of Aifos, and Jenaro Briales, the then MD,
were arrested on the suspicion of paying bribes, the report
relates.

The company, the report adds, is also accused of unethical conduct
by many of its clients, and has serious, unresolved client
problems at many of its developments, some of which have been
illegally built.


===========
S W E D E N
===========


FORD MOTOR: Vehicle Sales in US Drop Almost 19% in 2008
-------------------------------------------------------
Jeff Bennett at The Wall Street Journal reports that Ford Motor
Co. said on Friday that industry-wide car and truck sales in the
U.S. dropped almost 19% in 2008.

Ford Motor's chief sales analyst, George Pipas, said that overall
vehicle sales, including heavy and medium-duty trucks, were
expected to drop to 13.5 million in 2008 from 16.5 million in
2007, which would be the lowest sales year since 1992, WSJ
relates.

Citing Mr. Pipas, WSJ states that the sales rate for vehicles, on
an annualized basis, fell from 15.6 million vehicles in the first
quarter 2008 to:

    -- 14.6 million in the second quarter 2008,
    -- 13.1 million in the third quarter 2008, and
    -- 10.6 million in the fourth quarter 2008.

"We are not looking for sales in the first quarter to be much
different than the fourth quarter," WSJ quoted Mr. Pipas as
saying.  Ford Motor, according to WSJ, said that the continued
slowdown won't change much in the first quarter 2009.

Citing Mr. Pipas, WSJ says that Ford Motor's market share in the
U.S. would drop to 14% for 2008, from 14.7% in 2007.

Mr. Pipas said that vehicle sales could recover in the second half
of 2009 as efforts to stimulate the economy take, according to
WSJ.  Ford Motor said its overall 2009 sales would total
12.5 million units, while light-vehicle sales may hit
12.2 million, WSJ reports.

Neil Irwin at the Washington Post reports that the U.S. Treasury
Department keeps leeway in the U.S. auto aid.  The Washington Post
relates that the Treasury "will determine the form, terms, and
conditions of any investment made pursuant to this program
[Automotive Industry Financing Program] on a case-by-case basis."

                     About Ford Motor Co.

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

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

                       *     *     *

As reported in the Troubled Company Reporter on Nov. 11,
2008, Moody's Investors Service lowered the debt ratings of
Ford Motor Company, Corporate Family and Probability of
Default Ratings to Caa1 from B3.  The company's Speculative
Grade Liquidity rating remains at SGL-3 and the rating outlook
is negative.  In a related action Moody's also lowered the
long-term rating of Ford Motor Credit Company to B3 from B2.
The outlook for Ford Credit is negative.

As reported in the Troubled Company Reporter on Oct. 10, 2008,
Fitch Ratings downgraded the Issuer Default Rating of Ford Motor
Company and Ford Motor Credit Company by one notch to 'CCC' from
'B-'.


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


AESCU-TRADE JSC: Creditors Must File Proofs of Claim by Feb. 21
---------------------------------------------------------------
Creditors owed money by JSC Aescu-Trade are requested to file
their proofs of claim by Feb. 21, 2009, to:

         Margarethenstrasse 49
         4053 Basel
         Switzerland

The company is currently undergoing liquidation in Basel.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Nov. 3, 2008.


ALUMINIUM SILICON: Deadline to File Proofs of Claim Set Feb. 25
---------------------------------------------------------------
Creditors owed money by LLC Aluminium Silicon Marketing are
requested to file their proofs of claim by Feb. 25, 2009, to:

         Beat Schmid
         Baarerstrasse 22
         6300 Zug
         Switzerland

The company is currently undergoing liquidation in Zug.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Oct. 30, 2008.


AVEDIS HOLDING: Creditors Have Until March 30 to File Claims
------------------------------------------------------------
Creditors owed money by JSC Avedis Holding are requested to file
their proofs of claim by March 30, 2009, to:

         Walter Schumacher
         Usteristrasse 19
         8001 Zurich
         Switzerland

The company is currently undergoing liquidation in Zug.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Nov. 10, 2008.


FAMO LLC: Proofs of Claim Filing Deadline is February 26
--------------------------------------------------------
Creditors owed money by LLC Famo are requested to file their
proofs of claim by Feb. 26, 2009, to:

         Joseph Fritsche
         Schmiedgasse 28
         9000 St. Gallen
         Switzerland

The company is currently undergoing liquidation in St. Gallen.
The decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Oct. 28, 2008.


GENERAL MOTORS: Board of Directors Approves Amendment of Bylaws
--------------------------------------------------------------
General Motors Corporation disclosed in a regulatory filing that
its board of directors approved amendments to the company's Bylaws
effective immediately.  Section 2.4, which establishes the process
for calling a special meeting of the board well as the timing of
notice of a special meeting, was amended to add that the secretary
of the company may provide less than 24 hours notice if the notice
is reasonable under the circumstances.

In addition, Section 2.5, which sets the quorum for meetings of
the board, was amended to provide that one third of the whole
board constitutes a quorum at a regular or special meeting of the
board for which directors receive notice at least 24 hours in
advance and that for a special meeting for which directors
received less than 24 hours' notice, a majority of the whole board
constitutes a quorum.

A full-text copy of the BYLAWS as of Dec. 19, 2008, is available
for free at http://ResearchArchives.com/t/s?3736

Neil Irwin at the Washington Post reports that the U.S. Treasury
Department keeps leeway in the U.S. auto aid.  The Washington Post
relates that the Treasury "will determine the form, terms, and
conditions of any investment made pursuant to this program
[Automotive Industry Financing Program] on a case-by-case basis."

                      About General Motors

Headquartered in Detroit, Michigan, General Motors Corp. (NYSE:
GM) -- http://www.gm.com/-- was founded in 1908.  GM employs
about 266,000 people around the world and manufactures cars and
trucks in 35 countries.  In 2007, nearly 9.37 million GM cars and
trucks were sold globally under the following brands: Buick,
Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security and
information services.

GM Europe is based in Zurich, Switzerland, while General Motors
Latin America, Africa and Middle East is headquartered in
Miramar, Florida.GMC, Hummer, Isuzu, Opel, Saab and
Suzuki brands.

As reported in the Troubled Company Reporter on Nov. 10,
2008, General Motors Corporation's balance sheet at
Sept. 30, 2008, showed total assets of US$110.425 billion, total
liabilities of US$170.3 billion, resulting in a stockholders'
deficit of US$59.9 billion.

                        *     *     *

As reported in the Troubled Company Reporter on Nov. 11, 2008,
Standard & Poor's Ratings Services lowered its ratings, including
the corporate credit rating, on General Motors Corp. to 'CCC+'
from 'B-' and removed them from CreditWatch, where they had been
placed with negative implications on Oct. 9, 2008.  S&P said that
the outlook is negative.

Fitch Ratings, as reported in the Troubled Company Reporter on
Nov. 11, 2008, placed the Issuer Default Rating of General Motors
on Rating Watch Negative as a result of the company's rapidly
diminishing liquidity position.  Given the current liquidity level
of US$16.2 billion and the pace of negative cash flows, Fitch
expects that GM will require direct federal assistance over the
next quarter and the forbearance of trade creditors in order to
avoid default.  With virtually no further access to external
capital and little potential for material asset sales, cash
holdings are expected to shortly reach minimum required operating
levels.  Fitch placed these on Rating Watch Negative:

-- Senior secured at 'B/RR1';
-- Senior unsecured at 'CCC-/RR5'.

As reported in the Troubled Company Reporter on June 24, 2008,
DBRS has placed the ratings of General Motors Corp. and General
Motors of Canada Limited Under Review with Negative Implications.
The rating action reflects the structural deterioration of the
company's operations in North America brought on by high oil
prices and a slowing U.S. Economy.


GLADIUS JSC: Creditors' Proofs of Claim Due by February 21
----------------------------------------------------------
Creditors owed money by JSC Gladius are requested to file their
proofs of claim by Feb. 21, 2009, to:

         Margarethenstrasse 49
         4053 Basel
         Switzerland

The company is currently undergoing liquidation in Basel.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Nov. 3, 2008.


HL TREUHAND: February 20 Set as Deadline to File Claims
-------------------------------------------------------
Creditors owed money by JSC HL Treuhand are requested to file
their proofs of claim by Feb. 20, 2009, to:

         Ed. Barthe
         Klusstr. 30
         4142 Munchenstein
         Switzerland

The company is currently undergoing liquidation in Basel.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Oct. 27, 2008.


MED SERVICES: Creditors Must File Proofs of Claim by Feb. 28
------------------------------------------------------------
Creditors owed money by LLC Med Services Europe are requested to
file their proofs of claim by Feb. 28, 2009, to:

         JSC WIGRA Treuhand - Trust Company
         Europastrasse 9
         8152 Glattbrugg
         Switzerland

The company is currently undergoing liquidation in Zurich.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Sept. 24, 2008.


WINKLER BAUPLANUNG: Deadline to File Proofs of Claim Set Feb. 25
----------------------------------------------------------------
Creditors owed money by JSC Winkler Bauplanung are requested to
file their proofs of claim by Feb. 25, 2009, to:

         Hans Winkler
         Freudenbergstrasse 21
         9242 Oberuzwil
         Switzerland

The company is currently undergoing liquidation in Oberuzwil.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Nov. 12, 2008.


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


GROUP ALLIANCE-INVEST: Creditors Must File Claims by January 9
--------------------------------------------------------------
Creditors of LLC Group Alliance-Invest (EDRPOU 35739249) have
until Jan. 9, 2009, to submit proofs of claim to:

         Mr. Rostislav Talan
         Liquidator
         a/b 158
         49000 Dnipropetrovsk
         Ukraine
         Tel: (056)370-74-70

The Arbitration Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent on
Dec. 2, 2008.  The case is docketed as B 24/344-08.

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

The Debtor can be reached at:

         LLC Group Alliance-Invest
         Milman Str. 110
         49049 Dnipropetrovsk
         Ukraine


IDZ LTD: Creditors Must File Claims by January 10
-------------------------------------------------
Creditors of LLC IDZ Ltd. (EDRPOU 35265327) have until Jan. 10,
2009, to submit proofs of claim to:

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

The Arbitration Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent on Nov. 18, 2008.
The case is docketed as 44/400-b.

The Debtor can be reached at:

         LLC IDZ Ltd
         Panfilovtsev Str. 1
         01015 Kiev
         Ukraine


INDUSTRIAL BRIQUETTE: Creditors Must File Claims by January 9
-------------------------------------------------------------
Creditors of LLC Industrial Briquette (EDRPOU 32617000) have until
Jan. 9, 2009, to submit proofs of claim to:

         Mr. S. Zolotukhin
         Temporary Insolvency Manager
         Apt. 16
         Zhukov Str. 24
         Gorlovka
         94600 Donetsk
         Ukraine
         Tel: 8(0624)55-32-19

The Arbitration Court of Donetsk commenced bankruptcy proceedings
against the company after finding it insolvent on Oct. 8, 2008.
The case is docketed as 5/136B.

         The Economic Court of Donetsk
         Artema Str. 157
         83048 Donetsk
         Ukraine

The Debtor can be reached at:

         LLC Industrial Briquette
         Lenin Str. 41/109
         Druzhkovka
         84205 Donetsk
         Ukraine


INTECT PLUS: Creditors Must File Claims by January 9
----------------------------------------------------
Creditors of LLC Intect Plus (EDRPOU 35408110) have until Jan. 9,
2009, to submit proofs of claim to:

         Mr. Nikolay Kogut
         Liquidator
         Zavadka
         Kalush
         Ivano-Frankovsk
         Ukraine

The Arbitration Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent on Dec. 1, 2008.
The case is docketed as B-39/174-08.

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

The Debtor can be reached at:

         LLC Intect Plus
         Tsirkuny
         62441 Kharkov
         Ukraine


KAFI LLC: Creditors Must File Claims by January 9
-------------------------------------------------
Creditors of LLC Kafi (EDRPOU 35119546) have until Jan. 9, 2009,
to submit proofs of claim to:

         Mr. Boris Khrennikov
         Liquidator
         Komsomolskaya Str. 14
         62459 Visoky
         Kharkov
         Ukraine

The Arbitration Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent on Dec. 1, 2008.
The case is docketed as B-39/175-08.

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

The Debtor can be reached at:

         LLC Kafi
         Komsomolskaya Str. 14
         Visoky
         2459 Kharkov
         Ukraine


MANKOVKA MOTOR: Creditors Must File Claims by January 9
-------------------------------------------------------
Creditors of OJSC Mankovka Motor Transport Enterprise 17146
(EDRPOU 03562081) have until Jan. 9, 2009, to submit proofs of
claim to:

         Pension Fund Department in Mankovka
         Liquidator / Insolvency Manager
         Lenin Str. 11
         Mankovka
         20100 Cherkassy
         Ukraine

The Arbitration Court of Cherkassy commenced bankruptcy
proceedings against the company after finding it insolvent on Nov.
18, 2008.  The case is docketed as 18/4990.

         The Economic Court of Cherkassy
         Shevchenko Avenue 307
         18005 Cherkassy
         Ukraine

The Debtor can be reached at:

         OJSC Mankovka Motor Transport Enterprise 17146
         Lenin Str. 167
         Mankovka
         Cherkassy
         Ukraine


NAFTOGAZ OF UKRAINE: Avoids Technical Default on US$500 Mln Bond
----------------------------------------------------------------
Naftogaz has published its 2007 accounts, allowing it to avoid
technical default on a US$500 million Eurobond, Reuters reported
Tuesday last week citing a company spokesman.

The report recalled bondholders in November agreed to extend the
deadline for receiving the accounts after the company missed a
summer deadline.

The company, the report disclosed, also failed to provide the 2006
accounts for bondholders last year, putting it in technical
default of the bond.  Investors extended the deadline several
times and the company finally complied in May 2008, the report
noted.

The company is at the center of a gas debt dispute between Ukraine
and Russia, the report added.

                 About NJSC Naftogaz of Ukraine

Headquartered in Kiev, Ukraine, NJSC Naftogaz of Ukraine --
http://www.naftogaz.com/-- processes gas, oil and condensate at
the Company's five gas processing plants, which produce LPG,
motor fuels and other types of petroleum products.  Over 97% of
the oil and gas in Ukraine is produced by the enterprises of the
Company.

                          *     *     *

As reported in the TCR-Europe on Oct. 23, 2008, Moody's Investors
Service changed the outlook on the B1 foreign currency corporate
family rating of NJSC Naftogaz of Ukraine, as well as its US$500
million senior unsecured Loan Participation notes, to Negative
from Developing.  Naftogaz's Probability of Default rating is
affirmed at B1.

On Oct. 21, 2008, the TCR-Europe reported that Fitch Ratings
downgraded OJSC Naftogaz of Ukraine's Long-term local and foreign
currency Issuer Default ratings to 'B' from 'B+'.  This follows
the downgrade of Ukraine's sovereign Long-term local and foreign
currency IDRs to 'B+' from 'BB-'.  The IDRs of Naftogaz remain on
RWN.  The senior unsecured rating on the company's US$500 million
eurobond maturing in 2009 is also downgraded to 'B+' from 'BB-',
and its Recovery rating of 'RR4' is affirmed.


OLENEVKA AGRICULTURAL: Creditors Must File Claims by January 9
--------------------------------------------------------------
Creditors of Olenevka Agricultural LLC (EDRPOU 31187337) have
until Jan. 9, 2009, to submit proofs of claim to:

         Mr. I. Berezhnoy
         Liquidator / Insolvency Manager
         Polevaya Str. 31
         Molokovo settlement
         Druzhkovka
         84205 Donetsk
         Ukraine

The Arbitration Court of Donetsk commenced bankruptcy proceedings
against the company after finding it insolvent on Nov. 18, 2008.
The case is docketed as 5/77B.

         The Economic Court of Donetsk
         Artema Str. 157
         83048 Donetsk
         Ukraine

The Debtor can be reached at:

         Olenevka Agricultural LLC
         Pochtovaya Str. 103
         Olenevka
         Volnovakhsky
         Donetsk
         Ukraine


POZITRON LLC: Creditors Must File Claims by January 9
-----------------------------------------------------
Creditors of LLC Pozitron (EDRPOU 34892539) have until Jan. 9,
2009, to submit proofs of claim to:

         Mr. Alexander Snizhko
         Temporary Insolvency Manager
         Apt. 18
         B. 3
         40 years of Oct. Avenue, 126,
         03127 Kiev
         Ukraine

The Arbitration Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent on Nov. 21, 2008.
The case is docketed as 23/273-b.

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

The Debtor can be reached at:

         LLC Pozitron
         Apt. 63
         Heroes of Stalingrad Avenue, 26
         04210 Kiev
         Ukraine


SEVENTH BUILDING: Creditors Must File Claims by January 9
---------------------------------------------------------
Creditors of LLC Seventh Building Trust (EDRPOU 34961481) have
until Jan. 9, 2009, to submit proofs of claim to:

         Mr. S. Kitsul
         Liquidator
         Apt. 15
         Leskovskaya Str. 28
         02097 Kiev
         Ukraine
         Tel: 8(067)295-08-03

The Arbitration Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent on Nov. 25, 2008.
The case is docketed as B 3/309-08.

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

The Debtor can be reached at:

         LLC Seventh Building Trust
         Sholudenko Str. 13-A
         Vyshgorod
         07300 Kiev
         Ukraine


TROLINING UKRAINE: Creditors Must File Claims by January 9
----------------------------------------------------------
Creditors of Corporation Trolining Ukraine (EDRPOU 30782724) have
until Jan. 9, 2009, to submit proofs of claim to:

         Mr. S. Kitsul
         Liquidator
         Apt. 15
         Leskovskaya Str. 28
         02097 Kiev
         Ukraine
         Tel: 8(067)295-08-03

The Arbitration Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent on Nov. 19, 2008.
The case is docketed as 23/389-b.

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

The Debtor can be reached at:

         Corporation Trolining Ukraine
         Zheleznodorozhnoye highway, 47
         01103 Kiev
         Ukraine


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


CARR CONSTRUCTION: Appoints Joint Liquidators from Baker Tilly
--------------------------------------------------------------
Andrew White and Susan Maund of Baker Tilly Restructuring &
Recovery LLP were appointed joint liquidators of Carr Construction
(Civil Engineering) Ltd. on  Dec. 12, 2008, for the creditors'
voluntary winding-up proceeding.

The company can be reached through Baker Tilly Restructuring &
Recovery LLP at:

         International House
         Queens Road
         Brighton
         BN1 3XE
         England


DOVERLINE LTD: Names Joint Liquidators from Smith & Williamson
--------------------------------------------------------------
Anthony Cliff Spicer and Henry Anthony Shinners of Smith &
Williamson Ltd. were appointed joint liquidators of Doverline Ltd.
on  Dec. 23, 2008, for the creditors' voluntary winding-up
proceeding.

The company can be reached through Smith & Williamson Ltd. at:

         25 Moorgate
         London
         EC2R 6AY
         England


EDMOND PROPERTIES: Taps Liquidators from Smith & Williamson
-----------------------------------------------------------
Anthony Cliff Spicer and Henry Anthony Shinners of Smith &
Williamson Ltd. were appointed joint liquidators of Edmond Homes
Ltd. on  Dec. 23, 2008, for the creditors' voluntary winding-up
proceeding.

The company can be reached through Smith & Williamson Ltd. at:

         25 Moorgate
         London
         EC2R 6AY
         England


GLOBE PUB: May Breach Banking Covenants
---------------------------------------
Simon Bowers at guardian.co.uk reports that Globe Pub Company is
to bring in restructuring consultants after its top-line operating
profit for the 12 weeks to November 29 fell by 20% to GBP5.3
million.

The report noted the top-line operating profit for the last two
quarters was only 1.26 times the cost to Globe of servicing its
debt.

According to the report, if operating profit falls below 1.25
times debt servicing costs the company will breach its banking
covenants.  The cost of servicing debt had risen 2% to GBP4.4
million, the report stated.

Globe, the report relates, told holders of its securitized debt
that its capacity to service debts was looking increasingly
strained.

"Globe will be appointing an independent consultant with whom it
will discuss operational issues," the company was quoted by the
report as saying.  "The identity of this adviser has yet to be
determined."

In a quarterly update to bondholders, the company revealed drink
sales declined 8% for the three months to the end of November,
down 6.5% for the previous quarter, while rental income —
traditionally the most stable source of profits for landlord
groups such as Globe — dropped 14% to GBP3.2 million, the report
disclosed.

Globe Pub Company -- http://www.globepubcompany.co.uk/-- was
established in 2004 by R20, an investment company of Robert
Tchenguiz.  The company currently run over 450 quality leased pubs
across the United Kingdom.  Its estate is managed by S&N Pub
Enterprises.


J.H. DAVIES LTD: Appoints Joint Administrators from Baker Tilly
---------------------------------------------------------------
Donald Bailey and Russell Cash of Baker Tilly Restructuring and
Recovery LLP were appointed joint administrators of J.H. Davies
(Haulage) Ltd. on Dec. 19, 2008.

The company can be reached at:

         J.H. Davies (Haulage) Ltd.
         Foundry Lane
         Ditton
         Widnes
         Cheshire
         WA8 8TZ
         England


KATE KUBA: Goes Into Administration
-----------------------------------
Kate Kuba has gone into administration, ukbusinessproperty.co.uk
reports.

Fisher Partners, the report discloses, is understood to be
handling the administration.

According to the report, Kate Kuba owner Cos Constantinou is
likely to buy back some of the company's stores.

Kate Kuba, the report recounts, recently opened a shop in
Westfield London, the new shopping center development in London's
White City.  The report however notes it is unclear how successful
the new store has been, although it is thought that the opening
had affected trade in the company's nearby store in London's Kings
Road.

Kate Kuba -- http://www.katekuba.co.uk/-- is a premium women's
footwear chain.  It has eight stores in prime London locations and
one in Liverpool.


PASSION FOR PERFUME: In Administration; Deloitte Appointed
----------------------------------------------------------
Bill Dawson and Ian Brown of Deloitte LLP, the business advisory
firm, have been appointed joint administrators to Passion for
Perfume Ltd.

The retailer operates from 45 stores across the country and has a
head office in Manchester.  The company directors have been
seeking a buyer for the business while working closely with key
stakeholders in order to achieve an optimal resolution for all
parties.  This follows challenging trading conditions and reduced
consumer demand.  Unfortunately, a buyer for the business as a
whole was not found.

Regrettably, it was necessary for the company to make 185
redundancies across all 45 stores and 9 redundancies at the
Manchester head office on December 31, 2008.  The joint
administrators were appointed on January 5 and it is their
understanding that all staff made redundant had their wages paid
in full prior to the appointment of administrators.

Bill Dawson, reorganization services partner at Deloitte,
commented: "We will continue to seek a buyer for the business and
assets of the company but do not intend to trade the business."

                        About Deloitte

Deloitte - http://www.deloitte.com/-- provides audit, consulting,
financial advisory, risk management and tax services to selected
clients.

Deloitte & Touche LLP is the United Kingdom member firm of DTT.


PETER LONG: Brings in Joint Liquidators from PKF
------------------------------------------------
Keith Morgan and Brian J. Hamblin of PKF (UK) LLP were appointed
joint liquidators of Peter Long & Partners Property Services Ltd.
on  Dec. 18, 2008, for the creditors' voluntary winding-up
proceeding.

The company can be reached through PKF (UK) LLP at:

         18 Park Place
         Cardiff
         CF10 3PD
         England


ROXYLIGHT PROPERTIES: Taps Liquidators from Smith & Williamson
--------------------------------------------------------------
Anthony Cliff Spicer and Henry Anthony Shinners of Smith &
Williamson Ltd. were appointed joint liquidators of Roxylight
Properties Ltd. on  Dec. 23, 2008, for the creditors' voluntary
winding-up proceeding.

The company can be reached through Smith & Williamson Ltd. at:

         25 Moorgate
         London
         EC2R 6AY
         England


SAXON URBAN: Calls in Joint Liquidators from Smith & Williamson
---------------------------------------------------------------
Anthony Cliff Spicer and Henry Anthony Shinners of Smith &
Williamson Ltd. were appointed joint liquidators of Saxon Urban
Ltd. on  Dec. 23, 2008, for the creditors' voluntary winding-up
proceeding.

The company can be reached through Smith & Williamson Ltd. at:

         25 Moorgate
         London
         EC2R 6AY
         England


SHIELDTECH PLC: In Talks with Bankers; Share Trading Suspended
--------------------------------------------------------------
Shieldtech plc in a press statement on Tuesday last week said that
it was currently in discussions with its bankers, HSBC, and other
parties concerning the injection of additional finance into the
business.

The company disclosed HSBC agreed to extend its current working
capital facility to enable these discussions to be completed.

Under the AIM Rules, a company that does not publish its Report
and Accounts within six months of the year end will have its
shares automatically suspended.  The directors expect that the
company will not be able to sign-off on the company's Report and
Accounts for the year ended June 30, 2008 until the completion of
a re-financing.  Therefore, the company is not in a position to
publish its 2008 Report and Accounts by December 31, 2008 and
requested that trading in its shares be suspended from trading on
the AIM market of the London Stock Exchange plc, pending
publication of its Report and Accounts for the year ended June 30,
2008.

The company, however, confirmed that in the five months ended
November 30, 2008 the company traded well and the directors remain
confident that sales in the current financial year ending June 30,
2009 will be substantially greater than those in the previous year
and that the company will return to profitability.

Based in Warrington, Shieldtech plc --
http://www.shieldtech.co.uk/-- designs, manufactures and
distributes detection and protection equipment within the growing
Homeland Security market.


SNEINTON SPACE: Names Joint Liquidators from Smith & Williamson
---------------------------------------------------------------
Anthony Cliff Spicer and Henry Anthony Shinners of Smith &
Williamson Ltd. were appointed joint liquidators of Sneinton Space
Management Ltd. on  Dec. 23, 2008, for the creditors' voluntary
winding-up proceeding.

The company can be reached through Smith & Williamson Ltd. at:

         25 Moorgate
         London
         EC2R 6AY
         England


SUNGUARD HOMES: Appoints Joint Liquidators from Smith & Williamson
------------------------------------------------------------------
Anthony Cliff Spicer and Henry Anthony Shinners of Smith &
Williamson Ltd. were appointed joint liquidators of Sunguard Homes
Ltd. on  Dec. 23, 2008, for the creditors' voluntary winding-up
proceeding.

The company can be reached through Smith & Williamson Ltd. at:

         25 Moorgate
         London
         EC2R 6AY
         England


SWAN COURT: Taps Joint Liquidators from Smith & Williamson
----------------------------------------------------------
Anthony Cliff Spicer and Henry Anthony Shinners of Smith &
Williamson Ltd. were appointed joint liquidators of Swan Court
Property Ltd. on  Dec. 23, 2008, for the creditors' voluntary
winding-up proceeding.

The company can be reached through Smith & Williamson Ltd. at:

         25 Moorgate
         London
         EC2R 6AY
         England


WATERFORD WEDGWOOD: Deloitte LLP Appointed as Administrators
------------------------------------------------------------
Waterford Wedgwood plc along with 10 subsidiaries entered
administration on January 5.  Angus Martin, Neville Kahn, Nick
Dargan and Dominic Wong of Deloitte LLP, were appointed as Joint
Administrators while David Carson, partner of Deloitte in Ireland,
was appointed Receiver of Waterford Wedgwood plc, (the ultimate
parent of the UK companies), and a number of its trading
subsidiaries.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche
Tohmatsu ("DTT"), a Swiss Verein, whose member firms are legally
separate and independent entities.

The Waterford Wedgwood subsidiaries also in administration are:

   Waterford Wedgwood UK Plc
   Wedgwood Limited
   Josiah Wedgwood & Sons Limited
   Josiah Wedgwood & Sons (Exports) Limited
   Waterford Wedgwood Retail Limited
   Royal Doulton Ltd
   Royal Doulton (UK) Limited
   Royal Doulton Overseas Holdings Ltd
   Stuart & Sons Limited
   Statum Limited

Bloomberg News says its German and U.S. units are not included in
the receivership.

The companies are involved in the manufacture, wholesale and
retail of Waterford crystal, Wedgwood fine china and Royal Doulton
fine china products around the world.  In the UK there are
approximately 1,900 staff working across manufacturing and retail
and Worldwide there are approximately another 5800 employees
covering the USA, Germany, Ireland, Canada, Australia, Indonesia,
Japan and Pan Asia.

In a statement, Administrator Deloitte said that in recent years,
the companies benefited from significant shareholder support as
exhaustive efforts were made by the management team to restructure
the businesses.  However, as trading conditions deteriorated, it
became apparent that a restructuring of the businesses could not
be achieved in an acceptable timescale.

Consequently management began looking at the alternative strategy
of trying to find a buyer for the businesses which would also have
involved a comprehensive financial restructuring.  While
considerable progress was made, no firm offer was secured.  The
current global economic conditions have continued to affect the
business and the Companies have needed the protection of
Administration.

Joint Administrator Angus Martin commented: "We . . . will be
continuing to trade the business while seeking a sale as a going
concern.  We will work closely with David Sculley, CEO, and
Anthony Jones, CFO, who have both played active roles in the
restructuring efforts and the numerous conversations with
potential investors."

"The administration team will be working closely with management,
customers and suppliers during this time to ensure operations
continue while a sale of the business is sought," Mr. Martin
added.

Waterford Wedgwood plc, (the ultimate holding company), is an
Irish company with manufacturing operations in Ireland.  The Irish
businesses in total employ approximately 800 people.  The group
also has manufacturing operations in the UK, Indonesia and
Germany.

The UK head office is located in London and employs 6 people.  The
Irish head office is located in Waterford, Ireland  and employs 14
people

Manufacturing is undertaken in Barlaston in the UK, the Irish
Republic and Indonesia.  The approximate number of manufacturing
employees in each location is 600, 450 and 1500 respectively.

In the UK, there are 19 retail stores which employ 170 people.  In
addition there are approximately 120 retail concessions.  The
retail operations are spread throughout the UK.  There are also
retail outlets around the world but these are operated by separate
overseas companies which are continuing to trade and which are not
in insolvency.

The business in Germany is Rosenthal AG.  It employs approximately
1000 people and it manufactures fine china predominantly for the
German market.  Rosenthal is operated on an independent basis and
is being dealt with by the Rosenthal management team.

Bloomberg News relates Waterford Wedgwood Plc, hurt by competition
from Asian rivals and the dollar's drop against the euro, has
posted five years of losses.  The company has raised about EUR400
million (US$557 million) over four years through share sales to
fund job cuts and factory closings, Bloomberg News says.

Jeanne Whalen at The Wall Street Journal meanwhile reports that
the filing for administration was triggered by Waterford Wedgwood
Plc's failure to pay on some of the EUR400 million, or about
US$550 million, in debt it has accumulated over the years.

According to the Journal, a group of lenders led by Bank of
America Corp. granted the company four separate grace periods in
December on a EUR200 million credit line as it sought to find a
buyer.  But the last grace period expired Friday.


WOOLWORTHS PLC: Jersey Staff Launches Petition Over Payout
----------------------------------------------------------
Graham Ruddick at the Daily Telegraph reports that Woolworths
plc's 120 staff in Jersey have launched a petition after being
told they will not receive a redundancy payout.

According to the report, UK statutory redundancy payouts do not
apply to the Channel Islands.

The report discloses more than 2,500 people have already signed
the petition, which calls for compensation for the employees.

The King Street store in St Helier, and the Guernsey branch,
closed on Tuesday last week, the report recounts.

"It's very unfortunate that staff in the Channel Islands are not
entitled to any statutory benefits," a spokesman for the
administrators, Deloitte, was quoted by the report as saying.

Woolworths plc was placed into administration on November 27,
2008.

As reported in the TCR-Europe on Nov. 28, 2008, the boards of
Woolworths plc and Entertainment UK Ltd resolved to file petitions
for administration in the High Court after discussions relating to
the potential sale of Woolworths Group plc's retail business
ended.

The company said that following, and as a consequence of the
termination of those discussions, the boards of Woolworths plc and
Entertainment UK Ltd have concluded that there is no longer any
prospect of those businesses being able to operate as a going
concern.

Neville Kahn, Nick Dargan and Dan Butters of Deloitte were
appointed administrators to Woolworths Plc and to its wholesale
business, Entertainment UK Ltd.

WoolworthsGroup plc is not in administration and remains in
discussions with BBC Worldwide relating to the possible sale of
its 40% interest in 2 Entertain Ltd.

                         About Deloitte

Deloitte -- http://www.deloitte.com/-- provides audit,
consulting, financial advisory, risk management and tax services
to selected clients.

Deloitte & Touche LLP is the United Kingdom member firm of DTT.

                    About Woolworths Group plc

Headquartered in London, England, Woolworths Group plc (LON:WLW)
-- http://www.woolworthsgroupplc.com/-- is a general merchandise
retailer, and entertainment wholesaler and publisher.  The
Company's business is divided into Retail, and Entertainment
Wholesale and Publishing segments.  Woolworths, Streets Online
Limited, WMS Card Services Limited and Flogistics Limited are
included within the Retail segment, with Entertainment UK Limited,
Disc Distribution Limited and 2entertain Limited being the
constituents of Entertainment Wholesale and Publishing segment.
The stores comprise Woolworths outlets located in small towns and
city suburbs, targeted at meeting basic everyday shopping
requirements, as well as larger stores located on shopping streets
in regional shopping centers.  The product offer covers toys,
children's clothing, events, confectionery, home and
entertainment, and larger stores include a range of home and
children's clothing.


* UK: Deloitte Says 2008, a Year of "Two Halves" for Hotels
-----------------------------------------------------------
Deloitte, the business advisory, firm has found that 2008 was a
year of "two halves" for hoteliers in London.  The past 12 months
have been a turbulent time across the UK as the credit crunch and
global economic meltdown hit the headlines.  Banks have collapsed,
companies have filed for administration and interest rates in the
UK have dropped to their lowest levels since 1951.  As a result,
consumers and corporations have tightened their purse strings and
travel budgets have been drastically cut.

Up until August, hotel performance in London reported strong
revenue per available room (revPAR) growth of 7.2%.  Although
occupancy had seen a slight fall, it was still strong at 80.7%.
Average room rates were the main driver, rising 7.4% to GBP132.
However, as the global economic crisis unfolded, it was only a
matter of time before hoteliers would start to feel the effects.

In September, revPAR saw a 5.4% fall, as occupancy tumbled and
although October fared slightly better it too saw revPAR decline
3.8% compared to last year.  November daily results from STR
Global (based on an inconsistent sample of hotels) show that
revPAR in the capital followed this trend, falling 8.0% to GBP102.
Occupancy fell 4.7% to less than 80% while average room rates saw
a 3.5% decline to GBP128.  With a day to go until hoteliers
welcome in the New Year, December results have followed suit, with
revPAR down 4.5% during the first two weeks. The final quarter
will no doubt be the weakest of the year; however with the strong
performance witnessed during the first eight months of the year,
year-end 2008 results should remain in positive territory for the
capital.

Hotels in the regions tell a similar story, however at much more
muted levels than the capital. Year-to-August 2008 saw revPAR rise
0.6% to GBP46 as occupancy dipped slightly to 70.1% and average
room rates rose to GBP66.  Although the month of August saw revPAR
fall in Regional UK, it was a marginal decline of just 0.8% and it
wasn't until September that the economic crisis started having a
more significant impact on hotels around the UK.  In September,
revPAR fell 3.4% as occupancy dropped 3.6% and the following month
saw even greater declines in revPAR, down a staggering 6.7%, again
occupancy driven.  During the first two weeks of December, revPAR
across Regional UK has seen similar reductions, down 6.5% as
occupancy plummeted just less than 5%.

Commenting, Marvin Rust, Hospitality Managing Partner at Deloitte
said: "The first part of 2008 was strong for hotels across the UK,
particularly in the capital, and hoteliers should be proud of what
they have achieved in a tough operating climate.  Although the
last quarter results are inevitably going to be weak given the
current economic environment, year-end results are expected to
remain in positive territory.  Looking ahead, 2009 will be an
extremely difficult year for hoteliers in both London and Regional
UK with further falls in revPAR to come.  In a downturn London is
normally hit harder but with a weak currency providing some
countercyclical balance and a fragile domestic economy, the
capital will be the first to bounce back when recovery begins."

                        About Deloitte

Deloitte - http://www.deloitte.com/-- provides audit, consulting,
financial advisory, risk management and tax services to selected
clients.

Deloitte & Touche LLP is the United Kingdom member firm of DTT.


* UK: Deloitte Says Credit Crunch Hits FTSE 100 Pension Schemes
---------------------------------------------------------------
The credit crunch has wiped more than GBP60 billion off assets in
the pension schemes of the UK's largest 100 companies, according
to the business advisory firm Deloitte.  This is equivalent to
five years' worth of current pension contributions from these
companies.

The key movements in pension scheme funding have been:

    * A crash in asset values of around GBP65 billion.  This is
      equivalent to a return of -17% over the year although the
      returns achieved by individual schemes will have varied
      depending upon their investment strategy;

    * Contributions from employers have helped to improve
      funding levels, but only around GBP13 billion;

    * Total pension scheme liabilities will have increased over
      the year.  Deloitte estimate that the FTSE 100 pension
      schemes are in deficit by GBP130 billion, using typical
      assumptions for cash funding.

David Robbins, Deloitte pensions partner comments: "In the current
environment, it is crucial that companies look to proactively
manage their pension schemes, just like the other aspects of their
business operations."

A significant recession in the UK has serious implications for
pension scheme funding:

    * The prospect of low (or negative) economic growth can
      depress the price of assets such as equities and property
      that pension schemes have typically invested in;

    * Interest rates are likely to be cut aggressively which can
      push up the price of existing government bonds, and hence
      the value of pension scheme liabilities;

    * Trustees are likely to ask companies for more cash to plug
      the ballooning deficit.

Mr. Robbins adds: "Management should engage with trustees to reach
an acceptable agreement on cash contributions which takes into
account the level of contributions the company can reasonably
afford.  The solution will usually involve non-cash options such
as charges over assets or escrow arrangements.

"The events of the last year show that companies need to be
comfortable with the amount of investment risk they are taking
relative to their financial resources".

Deloitte estimate that the FTSE 100 pension schemes are currently
in deficit by GBP130 billion.  Using companies' disclosed long
term expectations of expected asset returns, pension deficits
would fall to GBP120 billion over 2009.

                    About Deloitte

Deloitte - http://www.deloitte.com/-- provides audit, consulting,
financial advisory, risk management and tax services to selected
clients.

Deloitte & Touche LLP is the United Kingdom member firm of DTT.


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

AUSTRIA
-------
Libro AG                            (110)         174     (168)
Sky Europe                            (4)         213      (54)


BELGIUM
-------
Sabena S.A.                          (85)       2,215     (279)


CYPRUS
------
Allbury Travel                        (5)         275     (100)
Libra Holidays                        (5)         275     (100)

CZECH REPUBLIC
--------------
Ceskomoravska Kolben &
   Danek Praha Holding               (89)         192      (59)
Setuza A.S.                          (61)         139      (62)


DENMARK
-------
Elite Shipping                       (28)         101        3
Roskilde Bank                       (533)       7,877      N.A.


FRANCE
------
BSN Glasspack                       (101)       1,151      159
Grande Paroisse S.A.                (927)         629      347
Immob Hoteliere                      (67)         301      (17)
Lab Dosilos                          (28)         110      (44)
Matussiere et Forest S.A. MTF        (78)         294      (38)
Pagesjaunes GRP           PAJ     (3,023)       1,377     (453)
Rhodia SA                           (342)       6,507      712
SDR Centrest                        (132)        (252)     N.A.
Selcodis S.A.             SPVX       (21)         141      (36)
Trouvay Cauvin                        (0)         134        9


GERMANY
-------
Alno AG                   ANO        (21)         340      (88)
Brokat AG                            (27)         144      109
CBB Holding AG            COB        (43)         905      N.A.
Cinemaxx AG               MXC        (38)         178      (47)
Dortmunder
   Actien-Brauerei        DABG       (13)         118      (27)
EECH Group AG                          0          109       57
EM.TV AG                  EV4G.BE    (22)         849       19
Kaufring AG               KAUG       (19)         151      (48)
Kunert AG                            (28)         102       29
Maternus Kliniken AG      MAK.F      (17)         182      (99)
Nordsee AG                            (8)         195      (14)
P & T Technology                       0          109       57
Primacom AG               PRC        (14)         730      (68)
Rinol AG                               0          168       (6)
Sander AG                             (6)         128       32
Sinnleffers AG                        (4)         454     (182)
Spar Handels- AG          SPAG      (442)       1,433     (294)
TA Triumph-Adler          TWN        (66)         484      (77)
Vivanco Gruppe                       (10)         131       28


GREECE
------
Empedos SA                           (34)         175      (57)
Noussa Spin                          (11)         450     (107)
Petzetakis-PFC            PETZP      (15)         294     (143)
Radio A.Korassidis        KORA      (101)         181     (165)
   Commercial
Themeliodome                         (56)         232     (128)
United Textiles                      (11)         450     (107)


HUNGARY
-------
Brodograde Indus                   (322)         264      (366)
IPK Osijek DD OS                    (15)         124       (82)
OT Optima Teleko                    (26)         119         7


ICELAND
-------
Decode Genetics                    (187)         111        48


IRELAND
-------
Elan Corp PLC             ELN      (388)       1,599       705
Waterford Wed Ut          WTFU     (506)         821       364


ITALY
-----
Binda S.p.A.              BND        (11)         129      (23)
Cirio Finanziaria S.p.A.            (422)       1,583      N.A.
Gruppo Coin S.p.A.        GC        (152)         791      (61)
Compagnia Italia          ICT       (138)         527     (318)
Credito Fondiario
   e Industriale S.p.A.             (200)       4,213      N.A.
Fullsix                               (4)         114      (18)
I Viaggi del
   Ventaglio S.p.A.       VVE        (73)         540     (127)
Lazzio S.p.A.                        (15)         261      (40)
Olcese S.p.A.             OLCI.MI    (13)         180      (80)
Parmalat Finanziaria
   S.p.A.                        (18,4219)       4,121  (16,919)
Snia S.p.A.               SN         (25)         488       31
Technodiffusione
   Italia S.p.A.          TDIFF.PK   (90)         152      (30)


LUXEMBOURG
----------
Carrier1 International S.A.          (95)         472      393


NETHERLANDS
-----------
Baan Company N.V.         BAAN        (8)         610       46
James Hardie Ind.                   (238)       2,357      184
United Pan-Euro Air       UPC     (5,505)       5,113   (9,170)


NORWAY
------
Interoil Exploration      IOX        (25)         210      (11)
Petroleum-Geo Services    PGO        (18)         400     (758)


POLAND
------
Toora                               (289)          147     (86)


PORTUGAL
--------
Lisgrafica Impressao
   e Artes Graficas SA    LIG         (4)          117     (27)


ROMANIA
-------
Oltchim RM Valce          OLT         (7)         673     (170)
Rafo Onesti               RAF       (430)         353     (616)


RUSSIA
------
Akcionernoe Brd                     (117)         135      (24)
East Siberia Brd          VSNK      (113)         148      (11)
Gukovugol                            (58)         144     (148)
OAO Samaraneftegas                  (332)         892     (611)
Vanadiy-Tula-Brd                     (12)         105       (3)
Vimpel Ship               SOVP      (116)         135      (24)
Zil Auto                  ZILLP     (240)         478     (447)


SWITZERLAND
-----------
Fortune Management                  (119)         265      (54)

TURKEY
------
Egs Ege Giyim VE                      (7)         147      (25)
Iktisat Financial                    (46)         108      N.A.
Mudurnu Tavukcul                     (65)         160     (115)
Nergis Holding                       (77)         299       38
Sifas                                (17)         117       21
Yasarbank                          (4,025)      2,644      N.A.

UKRAINE
-------
Dniprooblenergo           DNON       (51)         433     (200)
Donetskoblenergo          DOON      (367)         631     (469)


UNITED KINGDOM
--------------
Advance Display                   (3,016)       2,590     (411)
Airtours Plc                        (379)       1,818     (932)
Alldays Plc                         (120)         252     (290)
Amer Bus Sys                        (497)         121     (497)
Amey Plc                  AMY        (49)         932      (76)
Anker Plc                            (22)         115       16
Atkins (WS) Plc           ATK        (46)       1,345       58
Black & Edgingto                    (140)         203       23
BNB Recruitment                      (10)         104       38
Booker Plc                BKRUY      (60)       1,298      (13)
Bradstock Group           BDK         (2)         269        7
British Energy Ltd                (5,823)       4,921      534
British Energy Plc        BGY     (5,823)       4,921      534
British Sky Broadcast               (334)       8,126     (388)
Carlisle Group                       (12)         204       30
Compass Group             CPG       (668)       2,972     (440)
Danka Bus                           (497)         121     (497)
Dawson Holdings                      (18)         226      (63)
Dignity Plc               DTY         (9)         648       71
E-II Holdings                       (199)         651      149
Easynet Group             ESY.L      (45)         323       68
Electrical and Music
   Industries Group       EMI     (2,266)       2,950     (582)
European Home                        (14)         111      (70)
Farepak Plc                          (14)         111      (70)
Gartland Whalley                     (11)         145      (13)
Hilton Food Group                    (21)         256      (12)
Kleeneze Plc                         (14)         111      (70)
Ladbrokes Plc             LAD       (814)       2,403     (706)
Lambert Fenchurch Group               (1)       1,827        5
Leeds United                         (73)         144      (48)
M 2003 Plc                        (2,204)       7,204   (1,078)
Mytravel Group            MT.L      (380)       1,818     (931)
New Star Asset                      (398)         293       21
Next Plc                            (119)       3,161     (125)
Orange Plc                ORNGF     (594)       2,902       12
Orbis Plc                             (4)         128       (5)
Patientline Plc                      (55)         125      (10)
Preedy Alfred                       (119)       3,161     (125)
Rank Group Plc                      (132)       1,066     (175)
Regus Plc                            (46)         367      (97)
Rentokil Initial                      (8)       4,178     (886)
Saatchi & Saatchi         SSI       (119)         705      (66)
Samsonite Corp.                     (199)         651     (149)
SFI Group                 SUF       (108)         178     (265)
Skyepharma Plc            SKP       (140)         203       23
Smiths News Plc                     (124)         201      (92)
Styles & Wood                        (57)         107       (9)
Telewest
   Communications Plc     TLWT    (3,702)       7,581  (10,042)
Thorn Emi Plc                     (2,266)       2,950     (582)
Topps Tiles Plc                     (111)         195       18
Trio Finance                         (14)         592      N.A.
UTC Group                            (12)         204       30
Virgin Mobile                       (392)         166     (176)
Watson & Philip                     (120)         252     (290)

                            *********

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.  Valerie C. Udtuhan, Marites O. Claro, Rousel Elaine
C. Tumanda, Pius Xerxes V. Tovilla, Joy A. Agravante, Marie
Therese V. Profetana and Peter A. Chapman, Editors.

Copyright 2009.  All rights reserved.  ISSN 1529-2754.

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

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

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


                 * * * End of Transmission * * *