TCREUR_Public/090416.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

            Thursday, April 16, 2009, Vol. 10, No. 74

                            Headlines

A U S T R I A

A. DOLESCHAL LLC: Claims Registration Period Ends April 28
ELAB NET: Claims Registration Period Ends April 24
IMPLANT TECHNOLOGIES: Claims Registration Period Ends April 27
M. KRONSTEINER LLC: Claims Registration Period Ends April 27
PARKANY LLC: Claims Registration Period Ends April 27


G E R M A N Y

BALDWIN TECHNOLOGY: Obtains Waiver From BofA Until May 15
BALDWIN TECHNOLOGY: Unveils Restructuring Plans; Cuts 16% of Jobs
CHRONOS GMBH: Claims Registration Period Ends May 20
DRESDNER BANK: Liquidates Representative Office in Ukraine
ELEKTROBAU CJH: Claims Registration Period Ends May 12

FRIGOTRAFIC GMBH: Claims Registration Period Ends May 8
GARDIS GMBH: Claims Registration Period Ends May 20
HAVEMA GMBH: Claims Registration Period Ends June 5
HYPO REAL ESTATE HOLDING: Soffin Extends Guarantees Until August
WOOLWORTH GMBH: Files for Insolvency


I T A L Y

BERTONE S.P.A.: Business Complex Put Up for Sale
C.G. CINEMA: Business Group Put Up for Sale
CARROZZERIA BERTONE: Business Complex Put Up for Sale


K A Z A K H S T A N

ABC CITY: Creditors Must File Claims by May 22
EVRO ARM: Creditors Must File Claims by May 22
IVIKON MUNAI: Creditors Must File Claims by May 22
MIR STROY: Creditors Must File Claims by May 22
MYUING WORLD: Creditors Must File Claims by May 22

PAPILON LLP: Creditors Must File Claims by May 22
QUARTS JSC: Creditors Must File Claims by May 22
STAL PROM: Creditors Must File Claims by May 22
VOSTOK SAN: Creditors Must File Claims by May 22


K Y R G Y Z S T A N

KOMKOR SERVICE: Creditors Must File Claims by April
MEGAPOLIS BISHKEK: Court Names Insolvency Manager


P O L A N D

ODLEWNIE POLSKIE: CFO Says Citigroup Unit Helped Firm's Collapse


P O R T U G A L

QIMONDA AG: Portuguese Unit Cuts 800 Jobs


R U S S I A

ALTAYSKIY FORESTRY: Creditors Must File Claims by May 3
BRICK PLANT: Creditors Must File Claims by May 3
EKO-RELYEF: Court Names Temporary Insolvency Manager
MET-STROY:Creditors Must File Claims by June 3
NOVOPLAST: Creditors Must File Claims by May 3

PIVANSKIY BOGORODSKIY: Creditors Must File Claims by May 3
SOTS-KREDIT-BANK: Creditors May File Claims
STERLIMAK TECHNOLOGICAL: Creditors Must File Claims by June 3
TSENTRALNY LES-PROM-KHOZ: Creditors Must File Claims by June 3
VORONEZHSKIY: Creditors Must File Claims by May 3

ZABOTA: Creditors Must File Claims by May 3


S L O V E N I A

ISTRABENZ D.D.: Austria's Bawag Files Bankruptcy Petition


S W E D E N

* SAAB AB: Low Gripen Orders May Affect Parts-Makers


S W I T Z E R L A N D

BIXWI LLC: Creditors Must File Proofs of Claim by April 23
CENTPHARM JSC: Deadline to File Proofs of Claim Set April 24
IG PHARMA: Creditors Have Until April 24 to File Claims
INVENTI JSC: Proof of Claim Filing Deadline is April 24
MODA SPORTIVA: Creditors' Proofs of Claim Due by April 24

QUBA LLC: April 24 Set as Deadline to File Claims
RMB MOTION: Creditors Must File Proofs of Claim by April 27
UBS AG: To Cut 240 Jobs in Asia-Pacific, Bloomberg News Says
WEBOMATIX LLC: Deadline to File Proofs of Claim Set April 23


T A J I K I S T A N

* TAJIKISTAN: Auditor Says Central Bank Ex-Chair Diverted Funds


U K R A I N E

COMPUTER HOUSE: Court Starts Bankruptcy Supervision Procedure
CTPR LTD: Creditors Must File Claims by April 26
FINANCIAL RESERVE: Court Starts Bankruptcy Supervision Procedure
INDUSTRIAL WHOLE: Creditors Must File Claims by April 25
INTELLECT-SERVICE LLC: Creditors Must File Claims by April 25

MELITOPOL PLANT: Creditors Must File Claims by April 25
MIKRO-K LLC: Creditors Must File Claims by April 26
MOTORCAR ENTERPRISE: Creditors Must File Claims by April 26
QUIM LLC: Court Starts Bankruptcy Supervision Procedure


U N I T E D   K I N G D O M

DJ HILLS BESPOKE: Appoints Joint Liquidators from Tenon Recovery
DUNFERMLINE BUILDING: PPF May Rescue GBP32.8 Mln Pension Scheme
DUNFERMLINE: Nationwide May Lead Bids for Social Housing Arm
FACTORY DIRECT: Taps Joint Liquidators from Tenon Recovery
KAUPTHING SINGER: Court Approves a Scheme to Repay Depositors

LEICESTER SPAS: Brings in Joint Liquidators from Tenon Recovery
MARS PARTNERSHIP: Appoints Joint Liquidators from Tenon Recovery
MELBOURN COMMUNITY: Calls in Joint Liquidators from BDO
PICTURE IT: Administrators Put Business & Assets for Sale
ROYAL BANK: May Need More Funds Under New Capital Reserve Rules

* NORTHERN IRELAND: March Economic Decline Fastest in the U.K.
* EUROPE: S&P Says 2009 Corp. Defaults May Reach 14.7% on LBOs

* Upcoming Meetings, Conferences and Seminars


                         *********


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


A. DOLESCHAL LLC: Claims Registration Period Ends April 28
----------------------------------------------------------
Creditors owed money by LLC A. Doleschal (FN 161603b) have until
April 28, 2009, to file written proofs of claim to the court-
appointed estate administrator:

         Dr. Heinz Kassmannhuber
         Stelzhamerstrasse 11
         4400 Steyr
         Austria
         Tel: 07252/50 300
         Fax: DW 50
         E-mail: office@sks-law.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 1:15 p.m. on May 12, 2009, for the
examination of claims at:

         Land Court of Steyr (499)
         Hall 7
         First Floor
         Steyr
         Austria

Headquartered in Steyr, Austria, the Debtor declared bankruptcy on
March 5, 2009, (Bankr. Case No. 14 S 11/09d).


ELAB NET: Claims Registration Period Ends April 24
--------------------------------------------------
Creditors owed money by LLC eLab net (FN 286142y) have until
April 24, 2009, to file written proofs of claim to the court-
appointed estate administrator:

         Dr. Klemens Dallinger
         Schulerstrasse 18
         1010 Vienna
         Austria
         Tel: 513 28 33
         Fax: 513 28 33 22
         E-mail: dallinger@anwaltsteam.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 12:00 p.m. on May 8, 2009, for the
examination of claims at:

         Trade Court of Vienna (007)
         Room 1607
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 12, 2009, (Bankr. Case No. 28 S 36/09m).


IMPLANT TECHNOLOGIES: Claims Registration Period Ends April 27
--------------------------------------------------------------
Creditors owed money by LLC M.I.S. Implant Technologies (FN
95182z) have until April 27, 2009, to file written proofs of claim
to the court-appointed estate administrator:

         Dr. Eva Wexberg
         Gusshausstrasse 23
         1040 Vienna
         Austria
         Tel: 505 88 31
         Fax: 505 94 64
         E-mail: kanzlei@kainz-wexberg.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on May 11, 2009, for the
examination of claims at:

         Trade Court of Vienna (007)
         Room 1705
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 12, 2009, (Bankr. Case No. 3 S 38/09x).


M. KRONSTEINER LLC: Claims Registration Period Ends April 27
------------------------------------------------------------
Creditors owed money by LLC Ing. M. Kronsteiner (FN 182635g) have
until April 27, 2009, to file written proofs of claim to the
court-appointed estate administrator:

         Dipl. Ing. Michael Neuhauser
         Esslinggasse 7
         1010 Vienna
         Austria
         Tel: 90 333
         Fax: 90 333-55
         E-mail: vienna@snwlaw.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on May 11, 2009, for the
examination of claims at:

         Trade Court of Vienna (007)
         Room 1705
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 11, 2009, (Bankr. Case No. 3 S 33/09m).


PARKANY LLC: Claims Registration Period Ends April 27
-----------------------------------------------------
Creditors owed money by LLC Parkany (FN 313933t) have until
April 27, 2009, to file written proofs of claim to the court-
appointed estate administrator:

         Dr. Karl Schirl
         Krugerstrasse 17/3
         1010 Vienna
         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 9:00 a.m. on May 11, 2009, for the
examination of claims at:

         Trade Court of Vienna (007)
         Room 1609
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 16, 2009, (Bankr. Case No. 38 S 19/09k).


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


BALDWIN TECHNOLOGY: Obtains Waiver From BofA Until May 15
---------------------------------------------------------
Baldwin Technology Company, Inc., has entered into a Modification
and Limited Waiver Agreement with Bank of America and other
lenders for the period from March 31, 2009 through May 15, 2009.

Due to certain restructuring charges taken by Baldwin during its
third fiscal quarter ended March 31, 2009, the company was not in
compliance with certain provisions of its credit agreement and
consequently entered into the Limited Waiver while continuing to
work with its lenders to amend the existing credit agreement to
provide the financing the company needs for its operations.

Specifically, BALDWIN TECHNOLOGY COMPANY, INC.; BALDWIN GERMANY
HOLDING GMBH, a German company; BALDWIN GERMANY GMBH, a German
company; BALDWIN OXY-DRY GMBH formerly known as OXY-DRY MASCHINEN
GMBH, a German company, as Borrowers under the Facility, are in
breach of:

   (i) the financial covenant with respect to the requirement to
       not permit EBITDA to be less than US$12,000,000 for the
       Computation Period ending March 31, 2009; and

  (ii) the Credit Agreement with respect to the requirement to
       maintain a Total Debt to EBITDA Ratio of not less than
       3.50 to 1.0 as of the last day of the Computation Period
       ending March 31, 2009.

The Lenders agree not to impose during the Limited Waiver Period
the additional 2% default rate.

The Borrowers and the other Credit Parties acknowledge and agree
that the unpaid principal of, and accrued and unpaid interest
under, each of the Loans as of March 31, 2009, are:

     (a) Parent Revolving Loans borrowed in Dollars: unpaid
         principal of US$12,100,000 and accrued and unpaid
         interest of US$16,376.43 is owed by the Parent.

     (b) Parent Revolving Loans borrowed in Euros: unpaid
         principal of EUR0 and accrued and unpaid interest of EUR0
         is owed by the Parent.

     (c) German Revolving Loans borrowed by BGG in Dollars: unpaid
         principal of US$0 and accrued and unpaid interest of US$0
         is owed by BGG.

     (d) German Revolving Loans borrowed by BGG in Euros: unpaid
         principal of EUR1,000,000 and accrued and unpaid interest
         of EUR747.93 is owed by BGG.

     (e) German Revolving Loans borrowed by Oxy-Dry GmbH in
         Dollars: unpaid principal of US$0 and accrued and unpaid
         interest of US$0 is owed by Oxy-Dry GmbH.

     (F) German Revolving Loans borrowed by Oxy-Dry GmbH in Euros:
         unpaid principal of EUR0 and accrued and unpaid interest
         of EUR0 is owed by Oxy-Dry GmbH.

     (g) Term Loans: unpaid principal of EUR7,945,735.98 and
         accrued and unpaid interest of EUR5,942.88 is owed by
         Newco.

     (h) Parent Letters of Credit issued in Dollars: the portion
         of the Parent Stated Amount with respect to such Letters
         of Credit is US$382,916.00.

     (i) Parent Letters of Credit issued in Swedish Krona: the
         portion of the Parent Stated Amount with respect to such
         Letters of Credit is 5,000,000 Swedish Krona.

     (j) Parent Letters of Credit issued in Euros: the portion of
         the Parent Stated Amount with respect to such Letters of
         Credit is EUR0.

A full-text copy of the Waiver Agreement is available at no charge
at http://ResearchArchives.com/t/s?3b7e

Baldwin Technology Company, Inc. -- http://www.baldwintech.com/--
is an international supplier of process automation equipment for
the printing and publishing industries.  Baldwin offers its
customers a broad range of market-leading technologies, products
and systems that enhance the quality of printed products and
improve the economic and environmental efficiency of printing
presses.  Headquartered in Shelton, Connecticut, the company has
operations strategically located in the major print markets and
distributes its products via a global sales and service
infrastructure.  Baldwin's technology and products include
cleaning systems, fluid management and ink control systems, web
press protection systems and drying systems and the related
consumables.


BALDWIN TECHNOLOGY: Unveils Restructuring Plans; Cuts 16% of Jobs
-----------------------------------------------------------------
Baldwin Technology Company, Inc., has undertaken additional
personnel reductions in the U.S., Germany, Sweden and Italy in
order to competitively position the company in the continuing
global economic downturn.

This extension of earlier cost saving measures originally
initiated in 2008 in anticipation of a softening of the global
markets, combined with other direct and indirect savings in the
company's manufacturing cost structure is expected to be in excess
of US$20 million annually.

Baldwin President and CEO Karl Puehringer said earlier this month,
"Although we have aggressively made adjustments to address the
slowdown in our industry, we felt it was prudent to take
additional steps to maximize the efficiencies of our global
company and to be prepared for further challenges.  The business
climate, both globally and industry-wide, has continued to
deteriorate, exerting negative pressure on our business and the
businesses of our customers.

"In the past two months we have completed several difficult but
necessary initiatives to ensure that we are able to weather the
current business downturn while remaining well positioned for
future growth.  We have:

   -- Successfully consolidated Baldwin Germany's Egelsbach
      production operations into Baldwin Germany's Friedberg
      operations as of March 31, 2009;

   -- Closed Baldwin's SSU office in Italy and consolidated the
      sales efforts into Baldwin's SSU France office; and

   -- Made capacity adjustments within the U.S., Germany, Sweden,
      Japan and the U.K., resulting in a reduction of Baldwin's
      worldwide workforce by 107 employees or 16% of our worldwide
      employee base."

Mr. Puehringer added, "These actions will greatly help mitigate
the effect of the tough business climate.  At the same time, we
will continue to capitalize on opportunities that will allow us to
strengthen our global competitiveness and financial position and
to add value to our core business.  To that end, we are pursuing
business opportunities by:

   -- Promoting and driving recurring revenue through sales of
      consumables and parts, after-sales service, upgrades and
      retrofits;

   -- Expanding our portfolio of process automation systems
      through strategic alliances such as the recently announced
      agreements with Betz Technologies GmbH and Nordson; and

   -- Increasing penetration of Baldwin's improved technologies
      and products into emerging print markets such as India and
      China."

"These are significant and substantial steps, accomplished without
disruption in operations or on-time delivery of our products and
services.  As a result, our company has never been leaner.  At the
same time, I am confident about our future because we are not only
dealing effectively with the downturn but also maintaining our
capability to meet future growth demands with any improvement in
the economy, and we have actually improved our competitive
position in several strategic areas," Mr. Puehringer concluded.

In a filing with the Securities and Exchange Commission earlier
this month, the Company disclosed that the costs associated with
its new plan to restructure existing operations will be charged to
the Company's results of operations during the third quarter of
Fiscal 2009 and consist primarily of employee personnel costs.
The Company expects to incur costs of approximately US$.9 million,
anticipated to be paid in cash during the remainder of Fiscal 2009
and through the second quarter of Fiscal 2010.  The Company
estimates that annual savings from this initiative will be
approximately US$2.2 million.

In January 2009, the Company announced similar initiatives
implemented during the third quarter of Fiscal 2009 in Europe, the
U.S. and Japan which involved the elimination of 68 full-time
positions and reduced the Company's worldwide cost base, and was
intended to strengthen its competitive position as a leading
global supplier of process automation equipment.  The Company
expects that the restructuring costs it will incur associated with
the actions announced in January will total approximately US$3.0
million.  Additional cost-reduction measures taken in January
included the elimination of merit increases for all of the
Company's workforce (except those covered by existing union
contracts), the temporary suspension of the Company's matching
contribution to the U.S. 401 (k) Plan and the reduction of
healthcare costs for its U.S. based employees.  In addition, 49
senior managers agreed to reduce their salaries.  The Company said
it continues to estimate that annual savings from the January
initiatives will be approximately US$5.8 million.

The Company has also instituted cost reduction initiatives
involving reduction in overtime, implementation of short-time work
weeks, reduction of external service providers and extension of
holiday shut down, reduced use of subcontractors and temporary
labor and the related travel costs, and management of other
variable costs, all of which are expected to provide additional
annual savings of approximately US$13.9 million.

In October 2008, the Company announced a restructuring plan aimed
at achieving operational efficiencies in Germany with a cost of
approximately US$.7 million and continues to anticipate annual
savings from that action and other actions in Europe and the U.S.
of approximately US$2.1 million.

   Actions                           Cost       Savings
   -------                           ----       -------
October 2008 restructuring       US$700,000    US$2,100,000
January 2009 restructuring     US$3,000,000    US$5,800,000
March 2009 restructuring         US$900,000    US$2,200,000
Other initiatives
  January — March 2009                  -      US$13,900,000
                              -----------   -----------
   Total                       US$4,600,000   US$24,000,000

Baldwin Technology Company, Inc. -- http://www.baldwintech.com/--
is an international supplier of process automation equipment for
the printing and publishing industries.  Baldwin offers its
customers a broad range of market-leading technologies, products
and systems that enhance the quality of printed products and
improve the economic and environmental efficiency of printing
presses.  Headquartered in Shelton, Connecticut, the company has
operations strategically located in the major print markets and
distributes its products via a global sales and service
infrastructure.  Baldwin's technology and products include
cleaning systems, fluid management and ink control systems, web
press protection systems and drying systems and the related
consumables.


CHRONOS GMBH: Claims Registration Period Ends May 20
----------------------------------------------------
Creditors of Chronos GmbH have until May 20, 2009, to register
their claims with court-appointed insolvency manager.

Creditors and other interested parties are encouraged to attend
the meeting at 9.15 a.m. on June 23, 2009, at which time the
insolvency manager will present his first report.

The meeting of creditors will be held at:

         The District Court of Wuerzburg
         Room 14
         Second Stock
         Tiepolostr. 6
         Wuerzburg
         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. Markus Schadler
         Hofstr. 3
         97070 Wuerzburg
         Germany
         Tel: 0931/452029-50

The court opened bankruptcy proceedings against the company on
April 1, 2009.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Chronos GmbH
         Hauptstr. 22
         97204 Hoechberg
         Germany

         Attn: Harald Neumann, Manager
         Hansjakobstr. 125 b
         81825 Muenchen
         Germany


DRESDNER BANK: Liquidates Representative Office in Ukraine
----------------------------------------------------------
Dresdner Bank AG has decided to liquidate its representative
office in Ukraine, finchannel.com reports citing the bank in a
statement.

According to the report, the representative office was liquidated
because of the acquisition of Dresdner Bank by Commerzbank.

As reported in the Troubled Company Reporter-Europe on Sept. 3,
2008, Allianz SE and Commerzbank AG agreed on the sale of Dresdner
Bank AG to Commerzbank for a consideration of EUR9.8 billion
including a payment into a trust solution for specific ABS assets
of Dresdner Bank of up to EUR975 million.  The supervisory board
of Allianz approved the agreement at its meeting on Aug. 31, 2008.

                       About Dresdner Bank

Based in Frnakfurt.Main, Dresdner Bank AG --
http://www.dresdner-bank.com/-- is a commercial bank.  It has a
network of 838 domestic branch offices and is represented in a
number of centers outside Germany.  The Bank is a wholly owned
subsidiary of Allianz AG, Munich, Germany, and serves
approximately 6.5 million customers.  It offers a range of
banking products and financial services, such as lending and
deposits, capital market products, corporate advisory and
financial services, payment transactions, as well as securities
and custody business.  In addition, the Bank is active in the
investment business.  As part of the Allianz Group, Dresdner
Bank distributes life, health and non-life insurance products
from the Allianz Group.  The Bank's activities are structured
into two business divisions.  Offerings for private and business
clients are combined in Private and Corporate Clients, whereas
Investment Banking bundles advisory services for enterprises and
institutions.

                          *     *     *

As reported in the Troubled Company Reporter-Europe on March 4,
2009, Moody's Investors Service downgraded the bank financial
strength ratings of Commerzbank AG and of Commerzbank Europe
(Ireland) to C- from C, of Dresdner Bank AG to E+ from C- and of
Eurohypo AG to D from C.  The outlook on Commerzbank's C- BFSR and
on Eurohypo's D BFSR remains negative.  Dresdner bank's E+ BFSR
now carries a stable outlook, reflecting Moody's expectation of no
further rating action until completion of Dresdner Bank's merger
with its parent bank, Commerzbank AG, in Q2 2009.


ELEKTROBAU CJH: Claims Registration Period Ends May 12
------------------------------------------------------
Creditors of Elektrobau CJH GmbH have until May 12, 2009, to
register their claims with court-appointed insolvency manager.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on June 23, 2009, at which time the
insolvency manager will present his first report.

The meeting of creditors will be held at:

         The District Court of Dresden
         Hall D131
         Olbrichtplatz 1
         01099 Dresden
         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:

         Ruediger Weiss
         Bautzner Strasse 102
         01099 Dresden
         Germany
         Website: www.wallnerweiss.info

The court opened bankruptcy proceedings against the company on
April 2, 2009.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Elektrobau CJH GmbH
         Attn: Rainer Joppe, Manager
         Dresdener Strasse 10
         02826 Goerlitz
         Germany


FRIGOTRAFIC GMBH: Claims Registration Period Ends May 8
-------------------------------------------------------
Creditors of Frigotrafic GmbH have until May 8, 2009, to register
their claims with court-appointed insolvency manager.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on May 29, 2009, at which time the
insolvency manager will present his first report.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Hall 101 B
         Gerichtsstr. 2-6
         48149 Muenster
         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:

         Frank W. Stroot
         Haarstr. 45
         49509 Recke
         Germany
         Tel: 05453/918682
         Fax: +495453918972

The court opened bankruptcy proceedings against the company on
April 1, 2009.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Frigotrafic GmbH
         Am Kanal 2-4
         49549 Ladbergen
         Germany

         Attn: Luecke-Brandt Iris, Manager
         Am Schlautbach 96
         48329 Havixbec
         Germany


GARDIS GMBH: Claims Registration Period Ends May 20
---------------------------------------------------
Creditors of Gardis GmbH have until May 20, 2009, to register
their claims with court-appointed insolvency manager.

Creditors and other interested parties are encouraged to attend
the meeting at 1:03 p.m. on June 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 Dortmund
         Hall 3.201
         Gerichtsplatz 22
         44135 Dortmund
         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:

         Achim Thomas Thiele
         Bronnerstrasse 7
         44141 Dortmund
         Germany

The court opened bankruptcy proceedings against the company on
March 31, 2009.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Gardis GmbH i.L.
         Tecklenborn 10
         44143 Dortmund
         Germany

         Attn: David Socha, Liquidator
         Eichkamp 15
         44328 Dortmund
         Germany


HAVEMA GMBH: Claims Registration Period Ends June 5
---------------------------------------------------
Creditors of Havema GmbH have until June 5, 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 July 7, 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:

         Friedbert Striewe
         Fichtestrasse 3
         04275 Leipzig
         Germany
         Tel: 0341/696650
         Fax: 0341/6966599
         E-mail: Striewe@diro.de

The court opened bankruptcy proceedings against the company on
April 2, 2009.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Havema GmbH,
         Vertrieb u. Handel v. Fleisch- u. Wurstwaren
         Carl-Friedrich-Benz-Str. 11 – 13
         04509 Delitzsch
         Germany

         Attn: Klaus Gerhard Felgentreff, Manager
         Seebenischer Str. 4
         04420 Markrantstadt
         Germany


HYPO REAL ESTATE HOLDING: Soffin Extends Guarantees Until August
----------------------------------------------------------------
Aaron Kirchfeld and Mike Gavin at Bloomberg News report Hypo Real
Estate Holding AG said Germany's bank-rescue fund, Soffin,
extended guarantees.

Soffin extended the overall EUR52 billion (US$69 billion)
framework until Aug. 19, the Munich-based lender said in an e-
mailed statement to Bloomberg News.

The report relates the bank said the extension was necessary
because of the expiration of EUR30 billion in guarantees
yesterday, April 15.

As reported in the Troubled Company Reporter-Europe on April 14,
2009, Bloomberg News said Soffin offered EUR1.39 (US$1.84) a
share, or about EUR290 million, to acquire all of Hypo Real Estate
Holding's outstanding shares.

The move was aimed to keep HRE from insolvency which "would have
substantial, barely quantifiable consequences for the national and
international financial markets," Soffin said in a statement
obtained by Bloomberg News.  "This in turn would have a
considerable impact on the entire national economy."

Bloomberg News recalls Germany already provided EUR102 billion of
credit lines and debt guarantees to sustain HRE after a funding
shortage at its Dublin-based Depfa Bank Plc unit brought the
company to the brink of bankruptcy.

According to Bloomberg News, Germany's upper house of parliament
backed legal steps allowing banks to be nationalized on April 3,
and President Horst Koehler signed the bill into law last week.
The bill was approved by Chancellor Angela Merkel on Feb. 18.

Bloomberg News relates J.C. Flowers & Co., which leads a group of
investors holding 24 percent of the bank, said it may take legal
action to block nationalization.

As reported in the Troubled Company Reporter-Europe on March 24,
2009, Andrea Thomas at The Wall Street Journal said Germany's
lower house of parliament backed a bill allowing
nationationalization of HRE for a specified time period, but only
as a last resort.

According to international broadcaster Deutsche Welle, the
government stressed HRE would only be nationalized for a limited
period of time if all other attempts by the state to take control
have been exhausted.  The legislation stipulates that the
government must first try alternatives to expropriation such as
seeking agreement from shareholders to part with stock or their
participation in a capital injection, Deutsche Welle said.

"In order to get legal certainty and the speed that we need to
act, it is necessary to get quickly a 100% state-controlling
majority in HRE, because we must prevent the collapse of a
systemically relevant bank and any resulting knock-on effect,"
WSJ quoted Deputy Finance Minister Nicolette Kressl as saying.

                      About Hypo Real Estate

Germany-based Hypo Real Estate Holding AG (FRA:HRXG) --
http://www.hyporealestate.com/-- is a German holding company for
the Hypo Real Estate Group.  It is an international real estate
financing company, combining commercial real estate financing
products with investment banking.  The Company divides its
operations into three business units: Commercial Real Estate,
which provides real estate financing on the international and
German market; Public Sector & Infrastructure Finance, and Capital
Markets & Asset Management.  Hypo Real Estate Group operates
through a number of subsidiaries, including, among others, Hypo
Real Estate Bank International AG that focuses on Pfandbrief-based
commercial real estate financing in all international markets, and
offers large-volume investment banking and structured finance
transactions; Hypo Real Estate Bank AG that focuses on the
commercial real estate financing and refinancing business in
Germany, and DEPFA Bank plc in Dublin, Ireland, which is a
provider of public finance.

                        *     *     *

As reported in the Troubled Company Reporter-Europe on Dec. 2,
2008, Dominion Bond Rating Service downgraded its long-term
ratings for Hypo Real Estate Holding AG (Holding) and related
entities (together Hypo Real Estate or the Group), including the
Senior Unsecured Long-Term Debt rating for Holding, which was
downgraded to A (low) from "A".  Concurrently, all ratings have
been placed Under Review with Negative Implications.

DBRS's rating action followed the announcement of Hypo Real
Estate's Q3 2008 results, the announcement of an additional EUR20
billion short-term debt guarantee and of additional information
about the Group's liquidity challenges, earnings outlook and
pending application for more comprehensive external support.

The downgrade and the Under Review Negative status reflect DBRS's
concern that Hypo Real Estate's franchise has been weakened by its
ongoing liquidity challenges.  The Group's lack of access to
market funding currently restricts its ability to write new
business and requires it to seek more comprehensive support,
demonstrating the weakening of its intrinsic fundamentals, the
rating agency said.

A TCR-Europe report on Nov. 24, 2008, said Hypo Real Estate Group
incurred a consolidated pre-tax loss of EUR3.105 billion for the
third quarter of 2008 compared with a pre-tax profit of EUR237
million in the corresponding previous year period.  The quarterly
loss is mainly attributable to the writeoff of goodwill
and other intangible assets attributable to the initial
consolidation of DEPFA Bank Plc (EUR2.482 billion).

On Oct. 28, 2008, the TCR-Europe reported Standard & Poor's
Ratings Services lowered its long-term counterparty credit ratings
on the seven rated entities of Hypo Real Estate (HRE) group to
'BBB' from 'BBB+', namely, Germany-based commercial real estate
lenders Hypo Real Estate Bank International AG and Hypo Real
Estate Bank AG, public-finance lenders Depfa Deutsche
Pfandbriefbank AG, Ireland-based DEPFA BANK PLC, Depfa ACS, and
Hypo Public Finance Bank, and Luxembourg-based Hypo Pfandbriefbank
Bank International S.A.

"These rating actions reflect the group's strained financial
profile, weak funding position, and concerns about the viability
of its business model," said Standard & Poor's credit analyst
Volker von Kruechten.  "We expect HRE to restructure and downsize,
which may cause further pressure on earnings and capital, owing to
the difficult market environment and a deteriorating credit
cycle."


WOOLWORTH GMBH: Files for Insolvency
------------------------------------
Holger Elfes at Bloomberg News reports that Germany-based
department store operator Woolworth GmbH & Co. filed for
insolvency after losing sales to discount retailers.

Lawyer Ottmar Hermann was appointed as insolvency administrator of
Woolworth, which employs 11,000 people in 323 stores in Germany
and Austria, the report discloses citing a Frankfurt court in a
statement.

Stefan Rohrer, Woolworth's chief executive officer, Stefan Rohrer,
resigned in March only a month into the job, the report
recalls.  The report notes according to Lebensmittel-Zeitung, Mr.
Rohrer hadn't been told about the declining sales and
profitability before taking the position.

"The department store format is out of fashion," the report quoted
Klaus Kraenzle, an analyst at GSC Research in Dusseldorf, Germany,
as saying.  "Woolworth's insolvency is not surprising as they
can't compete with Kik and other discount fashion  stores."


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


BERTONE S.P.A.: Business Complex Put Up for Sale
------------------------------------------------
Prof. Avv. Stefano Ambrosini, Avv. Vincenzo Nicastro, and Dott.
Giuseppe Perlo, the Special Commissioners of Bertone S.p.A, in
extraordinary admininstration, and Carrozzeria Bertone
S.p.A., in extraordinary administration, offer for sale the
companies' business complexes.

The business complexes are comprised as follows:

   (a) business complex owned by Carrozzeria Bertone undertaking
       the design, working and production of bodies, cars,
       prototypes of all kinds of vehicles and parts of
       the latter consisting of machinery, plants, equipment,
       warehouse, know-how, subordinate employment contracts and
       other contracts;

   (b) business complex owned by Bertone comprising:

      (i) real-estate complex owned by Bertone located in
          Grugliasco (TO), Viale Nuccio Bertone no. 2 and the
          relative appurtenances and accessories and any other
          elements (including any utility contracts and/or orther
          contracts) required to run the complex;

     (ii) the registered trademarks;

    (iii) the patents; and

     (iv) all the texts, drawings, photographs, etc. relating to
          the business activities undertaken by Bertone.

Expressions of interest are due 6:00 p.m. on May 7, 2009.

Expressions of interest must be submitted to:

         The Special Commissioners
         c/o Notal Marocco & Ganelli
         Corso Re Umberto 8
         Torino

For further information, contact:

         The Special Commissioners
         Fax: +390114011796


C.G. CINEMA: Business Group Put Up for Sale
-------------------------------------------
C.G. Cinema Spettacolo S.r.l.'s liquidator offers the company's
business group Circuito Cinematografico for sale.

Expressions of interest are due 1:00 p.m. on May 15, 2009.

Expressions of interest must be sent to:

   C.G. Cinema Spettacolo S.r.l in Liquidation
   c/o The President of the College of Liquidators dr. V. Di Fani
   via Girolamo da Carpi n.6
   00196 Rome

For more information, contact:

   The President of the College of Liquidators dr. V. Di Fani
   Tel: +39 06 3233302
   Fax: +39 06 32502324

C.G. Cinema Spettacolo S.r.l. owns Circuito Cinematografico, which
operates in the cinema sector in the city of Rome, Italy.  The
value of Circuito Cinematografico, which currently employs 123
work units, has been estimated at EUR82,534,960.


CARROZZERIA BERTONE: Business Complex Put Up for Sale
-----------------------------------------------------
Prof. Avv. Stefano Ambrosini, Avv. Vincenzo Nicastro, and Dott.
Giuseppe Perlo, the Special Commissioners of Carrozzeria Bertone
S.p.A., in extraordinary admininstration, and Bertone S.p.A., in
extraordinary administration, offers for sale the companies'
business complexes.

The business complexes are comprised as follows:

   (a) business complex owned by Carrozzeria Bertone undertaking
       the design, working and production of bodies, cars,
       prototypes of all kinds of vehicles and parts of
       the latter consisting of machinery, plants, equipment,
       warehouse, know-how, subordinate employment contracts and
       other contracts;

   (b) business complex owned by Bertone comprising:

      (i) real-estate complex owned by Bertone located in
          Grugliasco (TO), Viale Nuccio Bertone no. 2 and the
          relative appurtenances and accessories and any other
          elements (including any utility contracts and/or orther
          contracts) required to run the complex;

     (ii) the registered trademarks;

    (iii) the patents; and

     (iv) all the texts, drawings, photographs, etc. relating to
          the business activities undertaken by Bertone.

Expressions of interest are due 6:00 p.m. on May 7, 2009.

Expressions of interest must be submitted to:

         The Special Commissioners
         c/o Notal Marocco & Ganelli
         Corso Re Umberto 8
         Torino

For further information, contact:

         The Special Commissioners
         Fax: +390114011796


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


ABC CITY: Creditors Must File Claims by May 22
----------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP ABC City insolvent.

Creditors have until May 22, 2009, to submit written proofs of
claim to:

         Micro "Aksai-3a", 43-10
         Almaty
         Kazakhstan
         Tel: 8 701 799 60-01

The Court is located at:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Baizakov St. 273b
         Almaty
         Kazakhstan


EVRO ARM: Creditors Must File Claims by May 22
----------------------------------------------
The Specialized Inter-Regional Economic Court of Astana has
declared LLP Evro Arm Stroy insolvent.

Creditors have until May 22, 2009, to submit written proofs of
claim to:

         Abai St. 92
         Astana
         Kazakhstan

The Court is located at:

         The Specialized Inter-Regional Economic Court of Astana
         Abai ave. 36
         Astana
         Kazakhstan


IVIKON MUNAI: Creditors Must File Claims by May 22
--------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Ivikon Munai Service insolvent.

Creditors have until May 22, 2009, to submit written proofs of
claim to:

         Abai Ave. 52v
         Almaty
         Kazakhstan
         Tel: 8 (7272) 42-91-33
              8 (7772) 10-77-52

The Court is located at:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Baizakov St. 273b
         Almaty
         Kazakhstan


MIR STROY: Creditors Must File Claims by May 22
-----------------------------------------------
The Specialized Inter-Regional Economic Court of Astana has
declared LLP Mir Stroy Ltd. insolvent.

Creditors have until May 22, 2009, to submit written proofs of
claim to:

         Abai St. 92
         Astana
         Kazakhstan

The Court is located at:

         The Specialized Inter-Regional
         Economic Court of Astana
         Abai ave. 36
         Astana
         Kazakhstan


MYUING WORLD: Creditors Must File Claims by May 22
--------------------------------------------------
LLP Myuing World D&C has declared insolvency.  Creditors have
until May 22, 2009, to submit written proofs of claim to:

         Tashtitov St. 82
         Turksibsky
         Almaty
         Kazakhstan


PAPILON LLP: Creditors Must File Claims by May 22
-------------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
has declared LLP Trade Industrial Company Papilon insolvent.

Creditors have until May 22, 2009, to submit written proofs of
claim to:

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan
         Bajov St. 2
         070000 Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan


QUARTS JSC: Creditors Must File Claims by May 22
------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared JSC Gold Mining Enterprise Quarts insolvent.

Creditors have until May 22, 2009, to submit written proofs of
claim to:

         Jandosov St. 21
         Post Office Box 1
         JSC "Kazpochta"
         Almaty
         Kazakhstan

The Court is located at:

         The Specialized Inter-Regional Economic Court of Almaty
         Baizakov St. 273b
         Almaty
         Kazakhstan


STAL PROM: Creditors Must File Claims by May 22
-----------------------------------------------
LLP Stal Prom Invest has declared insolvency.  Creditors have
until May 22, 2009, to submit written proofs of claim to:

         Ratushny St. 88
         Almaty
         Kazakhstan


VOSTOK SAN: Creditors Must File Claims by May 22
------------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
has declared LLP Vostok San Tech Montage insolvent.

Creditors have until May 22, 2009, to submit written proofs of
claim to:

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan
         Bajov St. 2
         070000 Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan


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


KOMKOR SERVICE: Creditors Must File Claims by April
----------------------------------------------------
Creditors of LLC Trade Company Komkor Service have until April 24,
2009, to submit proofs of claim to:

         Dzhamgyrchynov St. 291
         Bishkek
         Kyrgyzstan


MEGAPOLIS BISHKEK: Court Names Insolvency Manager
-------------------------------------------------
The Inter-District Court of Bishkek for Economic Issues appointed
S. Asankozhoyev as Insolvency Manager for LLC Megapolis Bishkek.
He can be reached at:

         S. Asankozhoyev  30
         Ibraimov St. 30-1
         Bishkek
         Kyrgyzstan

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.   The case is docketed under Case No.
ED-1031/05 MBc5.


===========
P O L A N D
===========


ODLEWNIE POLSKIE: CFO Says Citigroup Unit Helped Firm's Collapse
----------------------------------------------------------------
Citigroup Inc.'s Polish unit and four other banks sold Odlewnie
Polskie SA a new currency hedge last July without explaining how
much the value of the contracts could swing, Ewa Krukowska and Ben
Sills at Bloomberg News report citing the company's chief
financial officer, Leszek Walczyk.

"No entrepreneur was sufficiently informed by banks on what could
happen or how the options would be valued," the news agency quoted
Mr. Walczyk as saying.  "When we asked banks for the methodology
of valuation they said it was confidential."

Bloomberg News says the steel-products maker, which began
bankruptcy proceedings in January, posted an 111 million zloty
(US$33 million) loss in the fourth quarter on provisions for
currency options purchased from Citigroup's Bank Handlowy SA unit,
ING Bank Slaski SA, Fortis Bank Polska SA and two other banks.

Mr. Walczyk said he's negotiating with the lenders over a possible
settlement, the report relates.

According to Bloomberg News, Mr. Walczyk had used currency
contracts to fix an exchange rate for export revenue as he
upgraded the plant’s production line after Poland joined the EU in
2004.  In 2008, after four years of gains in the zloty, his
bankers suggested a new hedge, the report says.

Bloomberg News relates Mr. Walczyk said under the arrangement, the
banks offered him put options, which gave Odlewnie the right to
sell the euro against the zloty at a fixed price, protecting it
against a further strengthening of the Polish currency as expected
by economists.  In return for each put, the report says, Odlewnie
agreed to sell two call options to the banks, giving them the
right to purchase foreign currency at a fixed level on a specified
date.

The report states combining the two types of options made the
transactions free of fees, and Mr. Walczyk said the company had
little room for negotiations on the structure while pairing the
contracts also increased the potential losses if the zloty
dropped.

However, the report says the zloty's reversal made the bet go
wrong.

The report recalls on Jan. 16, with the zloty down 25 percent from
its record high against the euro and Odlewnie’s liabilities
exceeding its assets because of the provisions, the company filed
for protection from creditors.  A day earlier it canceled options
contracts with the five banks, the report notes.

Odlewnie Polskie S.A. -- http://www.odlewniepolskie.pl/-- is a
Poland-based producer of foundry materials.  The company
manufactures castings made of gray cast iron, nodular cast iron,
vermicular cast iron, cast carbon steel, steel alloys and aluminum
alloys for industrial and water-sewage fittings, machine and tool
parts, and automotive and railway infrastructure.  The company
also runs trade activities within the foundry materials scope,
including ferroalloys, foundry alloys and inoculants, steel shot,
pig iron and dextrin.


===============
P O R T U G A L
===============


QIMONDA AG: Portuguese Unit Cuts 800 Jobs
-----------------------------------------
Andrei Khalip at Reuters reports that Qimonda AG's Portuguese unit
laid off 800 employees for six months on Tuesday and terminated
hundreds of temporary contracts, leaving just 200 staff to
maintain the plant.

The report relates Qimonda said in a statement it planned to
preserve around 1,000 jobs at the Vila do Conde plant in northern
Portugal if it is successful in finding an investor and avoiding
liquidation.  Qimonda's insolvency administrator, who is in talks
over aid with the state of Saxony, home to the group's Dresden
plant, as well Germany's federal government, the EU and the state
of Portugal, has some three months from the start of April to find
an investor after a Munich court formally launched insolvency
proceedings, the report notes.

According to the report, the Portuguese government has warned it
will seek reimbursement of millions of euros in aid given to
Qimonda if it closes the plant, which suspended output at the end
of last month.  The report recalls last week government investment
agency AICEP dismissed a proposal by a local entrepreneur
to buy the plant as "lacking guarantees and creating false
expectations".

As reported in the Troubled Company Reporter, Qimonda AG filed an
application with the local court in Munich, Germany, on
January 23, 2009, to open insolvency proceedings.

According to Bloomberg News, Qimonda filed for insolvency after a
plan announced in December for a loan of EUR325 million
(US$418 million) from the German state of Saxony, Infineon
Technologies AG, Europe's second-largest maker of semiconductors,
and an unidentified Portuguese bank wasn't completed in time.

Qimonda AG (NYSE: QI) -- http://www.qimonda.com/-- is a leading
global memory supplier with a diversified DRAM product portfolio.
The company generated net sales of EUR1.79 billion in financial
year 2008 and had -- prior to its announcement of a repositioning
of its business --  approximately 12,200 employees worldwide, of
which 1,400 were in Munich, 3,200 in Dresden and 2,800 in Richmond
(Virginia, USA).  The company provides DRAM products with a focus
on infrastructure and graphics applications, using its power
saving technologies and designs.  Qimonda is an active innovator
and brings high performance, low power consumption and small chip
sizes to the market based on its breakthrough Buried Wordline
technology.


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


ALTAYSKIY FORESTRY: Creditors Must File Claims by May 3
-------------------------------------------------------
Creditors of CJSC Altayskiy Forestry Machine Plant (TIN
2209029365, PSRN 1052200170131) have until May 3, 2009, to submit
proofs of claims to:

         M. Oleynik
         Insolvency Manager
         Post User Box 2797
         656065 Barnaul
         Russia

The Arbitration Court of Altayskiy will convene on Sept. 1, 2009,
to hear bankruptcy proceedings.  The case is docketed under Case
No. A03–856/2009,.


BRICK PLANT: Creditors Must File Claims by May 3
------------------------------------------------
Creditors of LLC Pivanskiy Brick Plant have until May 3, 2009, to
submit proofs of claims to:

         Yu. Nikitin
         Temporary Insolvency Manager
         Office 1
         Komsomolskaya St. 82
         Khabarovsk
         Russia

The Arbitration Court of Khabarovskiy commenced bankruptcy
supervision procedure.  The case is docketed under Case No. A73–
14160/2008–37.

The Debtor can be reached at:

         LLC Pivanskiy Brick Plant
         Promyshlennaya St. 1
         Pivan'
         Komsomolskiy
         Khabarovskiy
         Russia


EKO-RELYEF: Court Names Temporary Insolvency Manager
----------------------------------------------------
The Arbitration Court of Moscow appointed V. Sofronov as Temporary
Insolvency Manager for LLC Eko-Relyef (Construction).
The case is docketed under Case No. A40–56152/08–73–178.  He can
be reached at:

         Post User Box 516
         603000 Nizhniy Novgorod
         Russia

The Debtor can be reached at:

         LLC Eko-Relyef
         Building 1
         Ryazanskiy Prospect 83
         109542 Moscow
         Russia


MET-STROY:Creditors Must File Claims by June 3
----------------------------------------------
Creditors of LLC Met-Stroy (Construction) have until May 3, 2009,
to submit proofs of claims to:

         O. Yershov
         Insolvency Manager
         Apt. 4
         Building 1
         B. Kornilova St. 7
         603106 Nizhny Novgorod
         Russia

The Arbitration Court of Moskovskaya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A41–13335/08.

The Debtor can be reached at:

         LLC Met-Stroy
         Rabochaya St. 2a
         Khimki
         Moskovskaya
         Russia


NOVOPLAST: Creditors Must File Claims by May 3
----------------------------------------------
Creditors of LLC Novoplast Plant (Plastics Production) have until
May 3, 2009, to submit proofs of claims to:

         I. Muleyev
         Temporary Insolvency Manager
         Razina St. 14
         Cheboksary
         Russia

The Arbitration Court of Chuvashia will convene at 1:30 p.m. on
May 20, 2009, to hear bankruptcy supervision procedure.  The case
is docketed under Case No. A79–1358/2009,.

The Debtor can be reached at:

         LLC Novoplast Plant
         Promyshlennaya St. 73V
         Novocheboksarsk
         Chuvashia
         Russia


PIVANSKIY BOGORODSKIY: Creditors Must File Claims by May 3
----------------------------------------------------------
Creditors of OJSC Bogorodskiy Machine-Building Plant (TIN
5255005189, PSRN 1025201451330) have until May 3, 2009, to submit
proofs of claims to:

         Ye. Alipov
         Temporary Insolvency Manager
         Post User Box 64
         603028 Nizhny Novgorod
         Russia

The Arbitration Court of Nizhegorodskaya will convene at 1:00 p.m.
on Sept. 3, 2009, to hear bankruptcy supervision procedure.
The case is docketed under Case No. A 43–2688/2009,- 27–21.

The Debtor can be reached at:

         OJSC Bogorodskiy Machine-Building Plant
         Pushkina St. 24
         Bogordsk
         Nizhegorodskaya
         Russia


SOTS-KREDIT-BANK: Creditors May File Claims
-------------------------------------------
Creditors of LLC Sots-Kredit-Bank Commercial Bank (TIN
0278016099, PSRN 1020280000080 ) have to submit proofs of claims
to:

         Komsomolskaya St. 26
         450097 Ufa
         Bashkortostan
         Russia


STERLIMAK TECHNOLOGICAL: Creditors Must File Claims by June 3
-------------------------------------------------------------
Creditors of CJSC Sterlimak Technological Machine-Building Plant
(TIN 0268043150) have until June 3, 2009, to submit proofs of
claims to:

         S. Konovalov
         Insolvency Manager
         Post User Box 19
         453128 Sterlimak-28
         Russia

The Arbitration Court of Bashkortostan commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A07–13950/08-G-NLV.

The Debtor can be reached at:

         CJSC Sterlimak Technological Machine-Building Plant
         Gogolya St. 124
         Sterlimak
         Bashkortostan
         Russia


TSENTRALNY LES-PROM-KHOZ: Creditors Must File Claims by June 3
--------------------------------------------------------------
Creditors of OJSC Tsentralny Les-Prom-Khoz (Lumbering) have until
June 3, 2009, to submit proofs of claims to:

         V.Monastyrskiy
         Insolvency Manager
         Office 90
         Proletarskaya St. 12
         Magadan
         685000 Magadanskaya
         Russia
         Tel: 8-(4132)62–44–97.

The Arbitration Court of Magadanskaya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A37–1115/2008.


VORONEZHSKIY: Creditors Must File Claims by May 3
-------------------------------------------------
Creditors of OJSC Voronezhskiy Winery have until May 3, 2009, to
submit proofs of claims to:

         A. Vorobyev
         Temporary Insolvency Manager
         Pridonskaya St. 9v
         Gremyachye
         Khokholskiy
         396812 Voronezhskaya
         Russia

The Arbitration Court of Voronezhskaya will convene at 10:00 a.m.
on June 25, 2009, to hear bankruptcy supervision procedure.
The case is docketed under Case No. A14–1801/2009,/5/9B.

The Court is located at:

         The Arbitration Court of Voronezhskaya
         Office 512
         Srednemoskovskaya St. 77
         Voronezh
         Russia

The Debtor can be reached at:

         OJSC Voronezhskiy
         Pridonskaya St. 9v
         Gremyachye
         Khokholskiy
         396812 Voronezhskaya
         Russia


ZABOTA: Creditors Must File Claims by May 3
-------------------------------------------
Creditors of LLC Zabota (Cotton-Wool Factory) have until May 3,
2009, to submit proofs of claims to:

         R. Perepletov
         Insolvency Manager
         Post User Box 1531
         410000 Saratov
         Russia

The Arbitration Court of Saratovskaya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A-57–22231/08–226.

The Debtor can be reached at:

         LLC Zabota
         Televizionny 1-i Proezd 3
         Saratov
         Russia


===============
S L O V E N I A
===============


ISTRABENZ D.D.: Austria's Bawag Files Bankruptcy Petition
---------------------------------------------------------
Marja Novak at Reuters reports that Austrian bank Bawag has filed
a bankruptcy petition against Istrabenz d.d.

Bawag filed a demand with a local court, which will seek a
response from Istrabenz within 15 days, Reuters says citing local
media reports Friday last week.

Reuters discloses according to the media reports, Istrabenz and
its affiliated firms owe EUR80 million to Bawag.  Apart from
several local banks and Bawag, three other Austrian banks are
among creditors, namely Bank Austria (BAWFgf.VI), Hypo Alpe Adria
and the Kaertner Sparkasse, Reuters notes.

Reuters relates Istrabenz head Igor Bavcar told daily Delo that a
rescue plan is being drawn up for the company.  Mr. Bavcar, as
cited by Reuters, said the plan should be revealed by the end of
April.

STA reports Istrabenz on Tuesday said it would ask the Koper
District Court to postpone deciding on the receivership motion
filed by Bawag.

As reported in the Troubled Company Reporter-Europe on April 6,
2009, Reuters said the Ljubljana bourse had suspended trading in
shares in Istrabenz until Friday, April 17 due to the company's
insolvency.

On April 2, 2009, the TCR-Europe, citing Reuters, reported the
company was forced into insolvency after it failed to reach a deal
with its creditors over its debt.

Istrabenz CEO Igor Bavcar quit his post following the company's
insolvency, the report recounted.  Mr. Bavcar will remain head of
the company until May 15, the report noted.

According to Reuters, Istrabenz and its affiliated firms owe some
EUR950 million (US$1.26 billion) to 19 banks.  The company has
EUR160 million in debts due by the end of March, Reuters disclosed
citing local media reports.

Reuters noted under Slovenian law, the company has 60 days to
reach a deal with creditors on debt repayment terms or enter
bankruptcy, which would be the biggest corporate failure in
Slovenia in the last decade.

The report recalled the company made a net loss of EUR220.8
million (US$294.2 million) in 2008 as a result of falls in the
value of its capital investments.

Headquartered in Koper, Slovenia, Istrabenz d.d. (ISTRABENZ
holdinska druzba, d.d.) -- http://www.istrabenz.si/-- is a parent
company of the Istrabenz Group.  The Company is responsible for
the asset management and supervision of the Group members.
Istrabenz d.d. has developed investments in the number of
divisions: Energy, which covers the gas business, production and
distribution of energy, transshipment and storage of oil
derivatives; Tourism, which offers hotel, catering, wellness and
congress services; Investments, which deals with advertising,
financial services and technical consulting; Food, which markets
food products, and Information Technology that provides
information support to the companies of the Istrabenz Group.  As
for December 31, 2007, there were 69 companies in Istrabenz Group.


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


* SAAB AB: Low Gripen Orders May Affect Parts-Makers
----------------------------------------------------
Sabine Pirone at Bloomberg News reports Saab AB, the Swedish maker
of the US$40 million Gripen jet fighter, may fail to win enough
orders to guarantee the plane’s future as the build rate slows and
parts- makers halt production.

The report recalls Norway dealt Saab a blow in November with a
contract for 48 Lockheed Martin Corp. Joint Strike Fighters after
analysts predicted the Gripen would win.  The Netherlands selected
the JSF as the best candidate to replace 85 older aircraft a month
later, and Denmark may also pick the U.S. plane this year, the
report says.

The report relates work on Gripens for South Africa and Thailand
runs out in 2012 and only 26 deliveries remain, pushing output
down to 10-12 aircraft a year from about 15 previously.

Linkoeping-based Saab meanwhile is holding out for orders from
India and Brazil to rescue the flagship product of an aeronautics
unit that contributes 20 percent of sales, according to Bloomberg
News.

Suppliers including Volvo Aero, maker of the plane's RM12 engine,
are already winding down production, the report notes.

While Saab can sustain Gripen production at a reduced level, the
company needs contracts now if it's to safeguard the supplier
base, since companies normally provide parts well ahead of
manufacturing, Bloomberg News cited Sandy Morris, an analyst at
Royal Bank of Scotland Group Plc in London, as saying.

"They need an order in 2009," the news agency quoted the analyst
as saying.  "Gripen production may not cease this year, but
further down the chain, suppliers are likely going to run out of
work."


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


BIXWI LLC: Creditors Must File Proofs of Claim by April 23
----------------------------------------------------------
Creditors owed money by LLC Bixwi are requested to file their
proofs of claim by April 23, 2009, to:

         Seetalstrasse 49
         5503 Schafisheim
         Switzerland

The company is currently undergoing liquidation in Schafisheim.
The decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Dec. 29, 2008.


CENTPHARM JSC: Deadline to File Proofs of Claim Set April 24
------------------------------------------------------------
Creditors owed money by JSC Centpharm are requested to file their
proofs of claim by April 24, 2009, to:

         JSC Interis
         Lowenstrasse 20
         8001 Zurich
         Switzerland

The company is currently undergoing liquidation in Zurich.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on March 4, 2009.


IG PHARMA: Creditors Have Until April 24 to File Claims
-------------------------------------------------------
Creditors owed money by JSC IG Pharma Holding are requested to
file their proofs of claim by April 24, 2009, to:

         Dr. Urs Wehinger
         Liquidator
         Arnold Kaelin & Ferrari
         Riesbachstrasse 52
         8008 Zurich
         Switzerland

The company is currently undergoing liquidation in Zug.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Feb. 6, 2009.


INVENTI JSC: Proof of Claim Filing Deadline is April 24
-------------------------------------------------------
Creditors owed money by JSC Inventi are requested to file their
proofs of claim by April 24, 2009, to:

         Dr. Marco Lorez
         Florastrasse 49
         Mail Box 1452
         8032 Zurich
         Switzerland

The company is currently undergoing liquidation in Zug.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Feb. 19, 2009.


MODA SPORTIVA: Creditors' Proofs of Claim Due by April 24
---------------------------------------------------------
Creditors owed money by LLC Moda Sportiva are requested to file
their proofs of claim by April 24, 2009, to:

         Evelyne Barbezat-Furst
         Jenfertweg 40
         2572 Sutz
         Switzerland

The company is currently undergoing liquidation in Sutz.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Jan. 17, 2006.


QUBA LLC: April 24 Set as Deadline to File Claims
-------------------------------------------------
Creditors owed money by LLC Quba are requested to file their
proofs of claim by April 24, 2009, to:

         Hans Bachmann
         Kellengasse 4d
         5643 Sins
         Switzerland

The company is currently undergoing liquidation in Sins.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on March 5, 2009.


RMB MOTION: Creditors Must File Proofs of Claim by April 27
-----------------------------------------------------------
Creditors owed money by JSC RMB Motion are requested to file their
proofs of claim by April 27, 2009, to:

         Eric Trueb
         JSC Capvis Equity Partners
         Talacker 42
         Mail Box 2181
         8022 Zurich
         Switzerland

The company is currently undergoing liquidation in Baar.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on March 3, 2009.


UBS AG: To Cut 240 Jobs in Asia-Pacific, Bloomberg News Says
------------------------------------------------------------
Cathy Chan at Bloomberg News reports UBS AG said it will eliminate
about 240 jobs from its wealth management division in the Asia-
Pacific region.

The cuts include 100 positions in Singapore and represent about 3
percent of the Zurich-based company's staff in the region, the
report says citing Mark Panday, a spokesman in Hong Kong.

As reported in the Troubled Company Reporter-Europe on April 3,
2009, Katharina Bart at Dow Jones said analysts and investors
expect UBS to issue a profit warning and flag job cuts this month.

"We expect a first-quarter 2009 profit warning from UBS as it
writes down some of its CHF5 billion monoline exposure and makes a
restructuring charge for letting go some 5,000 to 10,000 people,"
Dow Jones quoted Helvea analyst Peter Thorne as saying.

The report stated UBS still holds US$5.34 billion in protection
from monoline insurers, which the bank originally bought in an
effort to insure against some types of losses but which has since
soured and could weigh on first-quarter profit.

A TCR-Europe report on Feb. 11, 2009 said UBS AG's net loss for
full-year 2008 widened to CHF19,697 million from of CHF5,247
million in the prior year.

Net losses from continuing operations totaled CHF19,327 million,
compared with losses of CHF5,111 million in the prior year.

UBS attributed the losses to negative revenues in its fixed
income, currencies and commodities (FICC) area.

For the 2008 fourth quarter, UBS incurred a net loss of CHF8,100
million, down from a net profit of CHF296 million.

Net loss from continuing operations was CHF7,997 million compared
with a profit of CHF433 million.

The Investment Bank recorded a pre-tax loss of CHF7,483 million,
compared with a pre-tax loss of CHF2,748 million in the prior
quarter.  This result was primarily due to trading losses, losses
on exposures to monolines and impairment charges taken against
leveraged finance commitments.  An own credit charge of CHF1,616
million was recorded by the Investment Bank in fourth quarter
2008, mainly due to redemptions and repurchases of UBS debt during
this period.

UBS said it will further reduce its headcount to 15,000 by the end
of the year.

UBS's personnel numbers reduced to 77,783 on December 31, 2008,
down by 1,782 from September 30, 2008, with most staff reductions
at its investment banking unit.

                          About UBS AG

Based in Zurich, Switzerland, UBS AG (VTX:UBSN) --
http://www.ubs.com/-- is a global provider of financial services
for wealthy clients.  UBS's financial businesses are organized on
a worldwide basis into three Business Groups and the Corporate
Center.  Global Wealth Management & Business Banking consists of
three segments: Wealth Management International & Switzerland,
Wealth Management US and Business Banking Switzerland.  The
Business Groups Investment Bank and Global Asset Management
constitute one segment each.  The Industrial Holdings segment
holds all industrial operations controlled by the Group.  Global
Asset Management provides investment products and services to
institutional investors and wholesale intermediaries around the
globe.  The Investment Bank operates globally as a client-driven
investment banking and securities firm.  The Industrial Holdings
segment comprises the non-financial businesses of UBS, including
the private equity business, which primarily invests UBS and
third-party funds in unlisted companies.


WEBOMATIX LLC: Deadline to File Proofs of Claim Set April 23
------------------------------------------------------------
Creditors owed money by LLC WebOmatix are requested to file their
proofs of claim by April 23, 2009, to:

         Reto Steinmann
         Vorstadt 32
         6304 Zug
         Switzerland

The company is currently undergoing liquidation in Zug.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on Feb. 27, 2009.


===================
T A J I K I S T A N
===================


* TAJIKISTAN: Auditor Says Central Bank Ex-Chair Diverted Funds
---------------------------------------------------------------
A Tajikistan Central Bank chairman diverted more than US$850
million to a company run by himself and his family, the Associated
Press reports citing results of Ernst & Young's independent audit
posted on the bank's Web site Monday.

The AP says according to Ernst & Young, under Murodali
Alimardonov's stewardship, from 1996 to 2008, the Central Bank
paid about US$856 million to his Credit-Invest company while a
further US$221.5 million allocated for investment in the cotton
industry in 2004-2007 remains unaccounted for.

Ernst & Young, the AP relates, said government loans were issued
to Credit-Invest for the development of the cotton sector, but
were later used for unrelated business initiatives including an
US$800,000 funding spent on building a restaurant in the northern
Tajik city of Istaravshan.

Government officials refused on Monday to comment about the
findings of the audit, according to AP.


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


COMPUTER HOUSE: Court Starts Bankruptcy Supervision Procedure
-------------------------------------------------------------
The Economic Court of Kiev commenced bankruptcy supervision
procedure on LLC Computer House (EDRPOU 32980942).

The Temporary Insolvency Manager is:

         State Tax Inspection in Pechersky of Kiev
         Leskov St. 2
         Kiev
         Ukraine

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy St. 44-b
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Computer House
         Kikvidze St. 13
         01103 Kiev
         Ukraine


CTPR LTD: Creditors Must File Claims by April 26
------------------------------------------------
Creditors of LLC CTPR Ltd. (EDRPOU 32549512) have until April 26,
2009, to submit proofs of claim to:

         LLC Financial Initiative
         Insolvency Manager

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy St. 44-b
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC CTPR Ltd.
         P. Panfilovtsev St. 1
         01015 Kiev
         Ukraine


FINANCIAL RESERVE: Court Starts Bankruptcy Supervision Procedure
----------------------------------------------------------------
The Economic Court of Kiev commenced bankruptcy supervision
procedure on LLC Financial Reserve (EDRPOU 31924672).

The Temporary Insolvency Manager is:

         M. Titarenko
         Office 18
         Saksagansky St. 24
         Kiev
         Ukraine

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy St. 44-b
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Financial Reserve
         Grushevsky St. 28/2a
         01021 Kiev
         Ukraine


INDUSTRIAL WHOLE: Creditors Must File Claims by April 25
--------------------------------------------------------
Creditors of LLC Industrial Whole Sale Technology (EDRPOU
36036403) have until April 25, 2009, to submit proofs of claim to
G. Zagrebelny, Insolvency Manager.

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No 39/53-09.

The Court is located at:

         The Economic Court of Kharkov
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Debtor can be reached at:

         LLC Industrial Whole Sale Technology
         Office 31/1
         Plekhanovskaya St. 4A
         Kharkov
         Ukraine


INTELLECT-SERVICE LLC: Creditors Must File Claims by April 25
-------------------------------------------------------------
Creditors of LLC Intellect-Service (EDRPOU 31607604) have until
April 25, 2009, to submit proofs of claim to:

         V. Letskan
         Insolvency Manager
         Office 42
         Dovzhenko St. 16V
         Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No 28/205-b.

The Court is located at:

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

The Debtor can be reached at:

         LLC Intellect-Service
         Pervomaysky St. 11
         01023 Kiev
         Ukraine


MELITOPOL PLANT: Creditors Must File Claims by April 25
-------------------------------------------------------
Creditors of LLC Sliding Bearings Melitopol Plant (EDRPOU
31067353) have until April 25, 2009, to submit proofs of claim to:

         V. Sveshnikov
         Insolvency Manager
         Post Office Box 628
         69005 Zaporozhye
         Ukraine

The Economic Court of Zaporozhye commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No 25/62/09.

The Court is located at:

         The Economic Court of Zaporozhye
         Shaumian St. 4
         69001 Zaporozhye
         Ukraine

The Debtor can be reached at:

         LLC Sliding Bearings Melitopol Plant
         Dzerzhynsky St. 21/2
         Melitopol
         72312 Zaporozhye
         Ukraine


MIKRO-K LLC: Creditors Must File Claims by April 26
---------------------------------------------------
Creditors of LLC Mikro-K (EDRPOU 33158326) have until April 26,
2009, to submit proofs of claim to:

         L. Zaikina
         Insolvency Manager
         Kurenevskaya St. 16-A
         Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No 44/81-b.

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy St. 44-b
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Mikro-K
         Mashynostroitelnaya St. 50
         Kiev
         Ukraine


MOTORCAR ENTERPRISE: Creditors Must File Claims by April 26
-----------------------------------------------------------
Creditors of OJSC Motorcar Enterprise #12355 (EDRPOU 03116849)
have until April 26, 2009, to submit proofs of claim to T. Fisun,
Insolvency Manager

The Economic Court of Zaporozhye commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No 12/95/08.

The Court is located at:

         The Economic Court of Zaporozhye
         Shaumian St. 4
         69001 Zaporozhye
         Ukraine

The Debtor can be reached at:

         OJSC Motorcar Enterprise #12355
         Pobeda St. 63
         69035 Zaporozhye
         Ukraine


QUIM LLC: Court Starts Bankruptcy Supervision Procedure
-------------------------------------------------------
The Economic Court of Kiev commenced bankruptcy supervision
procedure on LLC Quim (EDRPOU 32708155).

The Temporary Insolvency Manager is:

         State Tax Inspection in Pechersky of Kiev
         Leskov St. 2
         Kiev
         Ukraine

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy St. 44-b
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Quim
         Moscow St. 7
         01010 Kiev
         Ukraine


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


DJ HILLS BESPOKE: Appoints Joint Liquidators from Tenon Recovery
----------------------------------------------------------------
Nicholas Charles Simmonds and Steven John Parker of Tenon Recovery
were appointed joint liquidators of DJ Hills Bespoke Joinery Ltd.
on March 17, 2009, for the creditors' voluntary winding-up
proceeding.

The company can be reached at:

         DJ Hills Bespoke Joinery Ltd.
         28 Wilton Road
         Bexhill on Sea
         East Sussex
         England


DUNFERMLINE BUILDING: PPF May Rescue GBP32.8 Mln Pension Scheme
---------------------------------------------------------------
Jane Bradley at the Scotsman reports that the Pension Protection
Fund has received an application for entry from the Dunfermline
Building Society's GBP32.8 million scheme.

According to the Scotsman, the scheme, which has 500 members, was
GBP7.16 million in deficit at the end of 2007 and is now thought
to have a shortfall as large as GBP20 million.

However, KPMG, the Scotsman notes, is confident that enough funds
will be generated from the administration for the financial
obligations to be covered without the PPF having to step in.

Philip Aldrick of Telegraph.co.uk reports only about 13 of the
scheme's members are thought to be affected.  Telegraph.co.uk says
they will receive a reduced pension until KPMG has recovered
enough money to allow the fund to stand alone.

Telegraph.co.uk relates according to KPMG, the pension fund ranks
ahead of the taxpayer, which is owed GBP1.6 billion, and will
receive the first of any recoveries.

KPMG, Telegraph.co.uk discloses, will recover the taxpayer's
GBP1.6 billionn by selling assets, although analysts warn that
losses on Dunfermline's GBP800 million commercial property book
and GBP300 million of acquired mortgages could reach GBP300
million in a firesale.

Citing the analyst, the Scotsman notes the GBP800 million
commercial property book has plummeted in value, while the GBP300
million of mortgages are considered risky.

Telegraph.co.uk states The Financial Services Compensation Scheme
will bear about 90pc of the losses, or GBP270 million, leaving the
taxpayer with a potential GBP30 million bill.

                   Substantial Part of Business
                     Transferred to Nationwide

As reported in the Troubled Company Reporter-Europe on April 1,
2009, upon the application of the Bank of England, the Court of
Session, on March 30, appointed Richard Heis, Blair Nimmo, Mike
Pink and Richard Fleming of KPMG LLP as joint building society
special administrators of Dunfermline Building Society.

The administration follows the transfer of a substantial part of
the business of Dunfermline Building Society to Nationwide
Building Society by the Bank of England under the Special
Resolution Regime provisions of the Banking Act 2009.  The social
housing business been transferred to DBS Bridge Bank Limited set
up by the Bank of England.

On behalf of the joint administrators, Richard Heis said "We would
like to emphasize that all retail deposit accounts have been
transferred to the Nationwide and the social housing business to
the DBS Bridge Bank, and all their accounts will operate normally.
The society's core residential mortgage business and branch
network is also included in the transfer.  The administrators will
work with the Nationwide and DBS Bridge Bank Limited to support an
orderly transition of systems and data, and to allow them to
maintain business as usual to transferred depositors and
customers."

The administrators will realize the remaining assets of the
society, chiefly various commercial loans, some acquired mortgage
assets, and certain treasury assets with the assistance of
Nationwide, in order to maximize recovery for creditors, including
the Treasury.  All staff will be transferring to and working for
Nationwide.

BBC News disclosed the remainder of the business -- risky assets
worth more than GBP900 million -- includes GBP648 million of
commercial property loans and GBP274 million of buy-to-let and
self-cert mortgages from defunct American finance house Lehman
Brothers and GMAC.

In a March 30 release, the Bank of England said that the decision
to transfer parts of Dunfermline's business to Nationwide is
designed to protect depositors and safeguard financial stability.
It follows a significant deterioration in Dunfermline's financial
position.  The FSA determined on March 28 that Dunfermline was
likely to fail to meet the FSA's threshold conditions for
authorization and that there was no other option available which
would have enabled the company to satisfy the threshold
conditions.

The bank said the HM Treasury has concluded that if the transfer
powers had not been exercised, Dunfermline would be unable to
satisfy depositors' claims against it.  It concluded that an
injection of funds by the taxpayer would not be likely to provide
value for money and would not provide a sustainable and lasting
solution to the problems faced by the society.

The Treasury has made a payment to Nationwide to cover the
liabilities that are not covered by the assets that Nationwide is
also acquiring.  In return, the Treasury has acquired rights in
respect of the proceeds of the wind-down and realization of the
assets of the administration estate, and is entitled to a claim on
the Financial Services Compensation Scheme (FSCS) as outlined in
Section 214B of the Financial Services and Markets Act 2000.

According to BBC, the Treasury will take on about GBP1.5 billion
of commercial property lending and acquired mortgage debt under
the deal.

BBC recalled Dunfermline was put up for sale after incurring
losses of GBP26 million.

BBC noted Chancellor Alistair Darling had said Dunfermline would
have needed between GBP60 million and GBP100 million to keep it
going because of its exposure to risky assets.

                             Inquiry

On April 6, 2009, Peter MacMahon at the Scotsman reported that
Dunfermline Building Society executives, including former chairman
Jim Faulds, outgoing chief executive Jim Willens and his
predecessor, Graeme Dalziel, could be summoned to Westminster to
explain their part in the collapse of Scottish mutual.

The report disclosed Local MP Willie Rennie wrote to the
Westminster parliament's Scottish affairs committee urging it to
hold an inquiry into the Dunfermline's downfall.

According to the report, Mr. Rennie wants the cross-party to
investigate three specific issues related to the collapse
of Dunfermline and its subsequent takeover by Nationwide.  These
were:

   -- the recent management of the society, including the role of
      both executives and board members;

   -- the role of the Financial Services Authority (FSA) regulator
      in the purchase by the Dunfermline of more than GBP150
      million of self-certified loans from the two US firms --
      GMAC and a subsidiary of Lehman brothers; and

   -- the events of the final six months at the society, including
      the involvement of the "tri-partite" regulators --
      the government, the Bank of England and the FSA.

Dunfermline Building Society –- http://www.dunfermline-bs.co.uk--
offers a range of financial products and services including
mortgages, savings accounts, business and personal loans, credit
cards, personal insurance, financial planning, investment
products, and share brokering.  Founded in 1869, the mutually-
owned Dunfermline is one of the oldest and largest building
societies in Scotland.  It operates through more than 30 branches
and 40 agencies.  The building society has engineered two social
housing deals with the Royal Bank of Scotland and Lloyds TSB worth
a combined 40 million.


DUNFERMLINE: Nationwide May Lead Bids for Social Housing Arm
------------------------------------------------------------
Jane Bradley at the Scotsman reports that Nationwide Building
Society is likely to make a bid for Dunfermline Building
Society's social housing business.

According to the report, the sale is expected to take place within
the next few weeks.

However, the report says Nationwide, which bought Dunfermline's
retail unit, is unlikely to take on the social housing arm without
any kind of sweetener.  The report recalls the social housing
business was transferred to DBS Bridge Bank, which is owned and
controlled by the Bank of England.

The report discloses according to Mortgage broker Ray Boulger, of
John Charcol, the "sweetener" could be in the form of a favorable
deal in terms of what the buyer would pay for the loans –- or
might be a deal that would see the assets bought for a nominal
amount and a lump sum paid out to the buyer by the Bank of
England.

Nationwide, the report notes, declined to comment on whether it
was likely to consider a bid for the social housing portfolio,
although company sources say it was something the building society
"may well be interested in".

As reported in the Troubled Company Reporter-Europe on April 1,
2009, upon the application of the Bank of England, the Court of
Session, on March 30, appointed Richard Heis, Blair Nimmo, Mike
Pink and Richard Fleming of KPMG LLP as joint building society
special administrators of Dunfermline.

The administration follows the transfer of a substantial part of
the business of Dunfermline to Nationwide by the Bank of England
under the Special Resolution Regime provisions of the Banking Act
2009.

Dunfermline Building Society –- http://www.dunfermline-bs.co.uk--
offers a range of financial products and services including
mortgages, savings accounts, business and personal loans, credit
cards, personal insurance, financial planning, investment
products, and share brokering.  Founded in 1869, the mutually-
owned Dunfermline is one of the oldest and largest building
societies in Scotland.  It operates through more than 30 branches
and 40 agencies.  The building society has engineered two social
housing deals with the Royal Bank of Scotland and Lloyds TSB worth
a combined 40 million.


FACTORY DIRECT: Taps Joint Liquidators from Tenon Recovery
----------------------------------------------------------
Ian William Kings and Stephen Philip Ross of Tenon Recovery were
appointed joint liquidators of Factory Direct Beds Ltd. on March
6, 2009, for the creditors' voluntary winding-up proceeding.

The company can be reached through Tenon Recovery at:

         Tenon House
         Ferryboat Lane
         Sunderland
         Tyne & Wear
         SR5 3JN
         England


KAUPTHING SINGER: Court Approves a Scheme to Repay Depositors
-------------------------------------------------------------
Telegraph.co.uk reports that an Isle of Man Court has approved a
Scheme of Arrangement for Kaupthing Singer & Friedlander Isle of
Man.

The report discloses under the scheme, 54pc of the bank's 10,000
depositors will get back all their money within three months,
while 76pc will have received 100pc within two years.

The scheme, which is thought to offer a better outcome to
depositors with the bank than a liquidation would have, will be
put to the vote of savers and creditors on May 19, with a further
court hearing scheduled for May 28, the report discloses.

The report notes if the scheme is rejected the bank will pe put
into liquidation, which would trigger payments from the Isle of
Man's depositor compensation scheme of up to GBP50,000 for each
saver.

The report says around GBP540 million of the GBP900 million of
assets needed to repay savers are currently under the
control of the provisional liquidator.  The Isle of Man government
has also agreed to contribute up to GBP180 million towards
compensating depositors as part of the scheme, the report relates.
However, it not yet known how much of this money, if any, will be
returned to the provisional liquidator, the report states.

The report recalls the bank was placed in provisional liquidation
on October 9 following the problems in the Icelandic banking
sector.

Michael Simpson of PricewaterhouseCoopers was appointed as
provisional liquidator of the bank.

Kaupthing Singer & Friedlander (Isle of Man) Ltd. --
http://www.kaupthingsingers.co.im/-- is a unit of Iceland-based
Kaupthing Bank hf.


LEICESTER SPAS: Brings in Joint Liquidators from Tenon Recovery
---------------------------------------------------------------
John Paul O'Hara and Dilip K Dattani of Tenon Recovery were
appointed joint liquidators of Leicester Spas & Hot Tubs Ltd. on
March 16, 2009, for the creditors' voluntary winding-up
proceeding.

The company can be reached at:

         Leicester Spas & Hot Tubs Ltd.
         The Counting House
         4a Frederick Street
         Wigston
         Leicestershire
         LE18 1PJ
         England


MARS PARTNERSHIP: Appoints Joint Liquidators from Tenon Recovery
----------------------------------------------------------------
Nicholas Charles Simmonds and Steven John Parker of Tenon Recovery
were appointed joint liquidators of The Mars Partnership Ltd. on
March 18, 2009, for the creditors' voluntary winding-up
proceeding.

The company can be reached at:

         The Mars Partnership Ltd.
         Letchford House
         Headstone Lane
         Harrow
         Middlesex
         HA3 6PE
         England


MELBOURN COMMUNITY: Calls in Joint Liquidators from BDO
-------------------------------------------------------
Geoffrey Stuart Kinlan and William John Turner of BDO Stoy Hayward
LLP were appointed joint liquidators of Melbourn Community Sports
Ltd. on March 6, 2009, for the creditors' voluntary winding-up
proceeding.

The company can be reached through BDO Stoy Hayward LLP at:

         Prospect Place
         85 Great North Road
         Hatfield
         Hertfordshire
         AL9 5BS
         England


PICTURE IT: Administrators Put Business & Assets for Sale
---------------------------------------------------------
Picture IT Facitilites Limited's joint administrators, P.R.
Appleton and A.D. Miller of David Rubin & Partners,
offer the company's business and assets for sale.

Picture IT Facitilites is a technical production company for live
events and the film industry.

Principal features of the assets for sale include:

   -- leasehold premises in London W3,

   -- extensive range of audio visual presentation and
      related equipment, and

   -- good historic customer base.

For further information, contact:

         Philip Davies & Sons Group
         Auctioneers & Valuers
         78-79 Long Lane
         London EC1A 9RP
         Tel: 020 7726 4307
         Email: peter@pdsgroup.co.uk
         Website: www.pdsauctioneers.co.uk


ROYAL BANK: May Need More Funds Under New Capital Reserve Rules
---------------------------------------------------------------
Royal Bank of Scotland Group Plc may need to raise new funds if it
has to comply with new rules on capital reserves proposed by the
Financial Services Authority, Erikka Askeland at the Scotsman
reports.

The Scotsman relates Simon Hills, executive director of prudential
capital, risk and regulatory relationships at the British Bankers'
Association, said banks like RBS will have to hold more capital as
a result of the requirements on trading book activities.

Mr. Hills, as cited by the Scotsman, said the capital shortage
problem becomes "compounded" as assets on the banks' trading books
are downgraded, forcing them to hold further capital.

The Scotsman discloses according to Mr. Hills, the only way RBS,
currently 70 per cent owned by the state, could raise more capital
is through full public ownership.

However, RBS, the Scotsman notes, said that selling off its non-
liquid assets from its newly created "non-core division" will
ensure that it does not have to make any further recapitalization
moves.

"We already hold significantly more capital as a cushion and we
have placed a number of lower quality assets into our non-core
division for run-off and therefore we would not be holding them by
the time any such regulatory requirement came in," the Scotsman
quoted an RBS spokesman as saying.

The Scotsman recounts in his report published last month Lord
Adair Turner, chairman of the Financial Services Authority, called
for rules that would require banks to hold larger capital deposits
-- even if that restricted their profits and made them less
attractive to investors.

Citing Lord Turner's report, the Scotman says banks that dabbled
in more risky trading would have to hold more capital, to reduce
the risks both to shareholders and customers.

                            About RBS

The Royal Bank of Scotland Group plc (NYSE:RBS) --
http://www.rbs.com/-- is a holding company of The Royal Bank of
Scotland plc (Royal Bank) and National Westminster Bank Plc
(NatWest), which are United Kingdom-based clearing banks.  The
company's activities are organized in six business divisions:
Corporate Markets (comprising Global Banking and Markets and
United Kingdom Corporate Banking), Retail Markets (comprising
Retail and Wealth Management), Ulster Bank, Citizens, RBS
Insurance and Manufacturing.  On October 17, 2007, RFS Holdings
B.V. (RFS Holdings), a company jointly owned by RBS, Fortis N.V.,
Fortis SA/NV and Banco Santander S.A. (the Consortium Banks) and
controlled by RBS, completed the acquisition of ABN AMRO Holding
N.V. (ABN AMRO).  In July 2008, the company disposed its entire
interest in Global Voice Group Ltd.


* NORTHERN IRELAND: March Economic Decline Fastest in the U.K.
--------------------------------------------------------------
Colm Heatley at Bloomberg News reports Northern Ireland's economy
shrank at the fastest pace in the U.K. in March as a property
slump deepened and the global recession weakened export demand.

Bloomberg News relates Belfast-based Ulster Bank Ltd. said in a
report Tuesday that
an index measuring private sector business activity fell to 34.7
from 35.3 a month earlier while the U.K. average was 42.8.  A
level below 50 indicates contraction, the report notes.


* EUROPE: S&P Says 2009 Corp. Defaults May Reach 14.7% on LBOs
--------------------------------------------------------------
John Glover at Bloomberg News reports Standard & Poor's said
leveraged buyouts may help push corporate defaults in Europe to a
record 14.7 percent this year.

The report says according to the rating agency, between 90 and 112
speculative-grade companies in western Europe rated by S&P may
default this year, increasing an earlier estimate of as much as
11.1 percent.

The report relates S&P said the overall default rate last year was
4.5 percent, already more than three times higher than in 2007.

Defaults will be "materially higher" among companies purchased in
LBOs, where target firms are loaded with acquisition debt, S&P
said in a report obtained by Bloomberg News.

"We see the risk to currently vulnerable companies being that
their lenders have neither the appetite nor the capacity to
provide new financing to help them through the downturn," S&P
analysts led by Paul Watters in London wrote in the report.  By
late 2010 and 2011, "refinancing may be very difficult to arrange"
for borrowers "unable to retire their debt by maturity," they
wrote.

According to Bloomberg News, S&P's report is based on 141
companies with public speculative-grade ratings, as well as about
625 private so- called credit estimates, typically relating to
companies bought in LBOs.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
Apr. 16-19, 2009
COMMERICAL LAW LEAGUE OF AMERICA
    2009 Chicago/Spring Meeting
       Westin Hotel on Michigan Ave., Chicago, Ill.
          Contact: (312) 781-2000; http://www.clla.org/

Apr. 17-18, 2009
NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES
    NABT Spring Seminar
       The Peabody, Orlando, Florida
          Contact: http://www.nabt.com/

Apr. 20, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Consumer Bankruptcy Conference
       John Adams Courthouse, Boston, Massachusetts
          Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 27-28, 2009
TURNAROUND MANAGEMENT ASSOCIATION
    Corporate Governance Meetings
       Intercontinental Hotel, Chicago, Illinois
          Contact: www.turnaround.org

Apr. 28-30, 2009
TURNAROUND MANAGEMENT ASSOCIATION
    TMA Spring Conference
       Intercontinental Hotel, Chicago, Illinois
          Contact: www.turnaround.org

May 1, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Nuts and Bolts for Young Practitioners
       Alexander Hamilton Custom House, New York City
          Contact: 1-703-739-0800; http://www.abiworld.org/

May 4, 2009
AMERICAN BANKRUPTCY INSTITUTE
    New York City Bankruptcy Conference
       New York Marriott Marquis, New York City
          Contact: 1-703-739-0800; http://www.abiworld.org/

May 7-8, 2009
RENASSANCE AMERICAN MANAGEMENT, INC.
    6th Annual Conference on
    Distressted Investing - Europe
       The Le Meridien Piccadilly Hotel, London, U.K.
          Contact: 1-903-595-3800 or
                   http://www.renaissanceamerican.com/

May 7-10, 2009
AMERICAN BANKRUPTCY INSTITUTE
    27th Annual Spring Meeting
       Gaylord National Resort & Convention Center
       National Harbor, Maryland
          Contact: http://www.abiworld.org/

May 12-15, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Litigation Skills Symposium
       Tulane University, New Orleans, La.
          Contact: http://www.abiworld.org/

May 14-16, 2009
ALI-ABA
    Chapter 11 Business Reorganizations
       Langham Hotel, Boston, Massachusetts
          Contact: http://www.ali-aba.org

June 10-13, 2009
ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
    25th Annual Bankruptcy & Restructuring Conference
       The Ritz-Carlton Orlando Grande Lakes
          Orlando, Florida
             Contact: http://www.aria.org/

June 11-14, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Central States Bankruptcy Workshop
       Grand Traverse Resort and Spa
          Traverse City, Michigan
             Contact: http://www.abiworld.org/

June 21-24, 2009
INTERNATIONAL ASSOCIATION OF RESTRUCTURING, INSOLVENCY &
    BANKRUPTCY PROFESSIONALS
       8th International World Congress
          TBA
             Contact: http://www.insol.org/

July 16-19, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Northeast Bankruptcy Conference
       Mt. Washington Inn
          Bretton Woods, New Hampshire
             Contact: http://www.abiworld.org/

July 29-Aug. 1, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Southeast Bankruptcy Conference
       The Westin Hilton Head Island Resort & Spa,
       Hilton Head Island, S.C.
          Contact: http://www.abiworld.org/

Aug. 6-8, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Mid-Atlantic Bankruptcy Conference
       Hotel Hershey, Hershey, Pa.
          Contact: http://www.abiworld.org/

Sept. 10-11, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Complex Financial Restructuring Program
       Hyatt Regency Lake Tahoe, Incline Village, Nevada
          Contact: http://www.abiworld.org/

Sept. 10-12, 2009
AMERICAN BANKRUPTCY INSTITUTE
    17th Annual Southwest Bankruptcy Conference
       Hyatt Regency Lake Tahoe, Incline Village, Nevada
          Contact: http://www.abiworld.org/

Oct. 2, 2009
AMERICAN BANKRUPTCY INSTITUTE
    ABI/GULC "Views from the Bench"
       Georgetown University Law Center, Washington, D.C.
          Contact: http://www.abiworld.org/

Oct. 5-9, 2009
TURNAROUND MANAGEMENT ASSOCIATION
    TMA Annual Convention
       Marriott Desert Ridge, Phoenix, Arizona
          Contact: 312-578-6900; http://www.turnaround.org/

Oct. 20, 2009
AMERICAN BANKRUPTCY INSTITUTE
    NCBJ/ABI Educational Program
       Paris Las Vegas, Las Vegas, Nev.
          Contact: http://www.abiworld.org/

Dec. 3-5, 2009
AMERICAN BANKRUPTCY INSTITUTE
    21st Annual Winter Leadership Conference
       La Quinta Resort & Spa, La Quinta, California
          Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 29-May 2, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Annual Spring Meeting
       Gaylord National Resort & Convention Center, Maryland
          Contact: 1-703-739-0800; http://www.abiworld.org/

June 17-20, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Central States Bankruptcy Workshop
       Grand Traverse Resort and Spa, Traverse City, Michigan
          Contact: 1-703-739-0800; http://www.abiworld.org/

July 7-10, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Northeast Bankruptcy Conference
       Ocean Edge Resort, Brewster, Massachusetts
          Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Southeast Bankruptcy Conference
       The Ritz-Carlton Amelia Island, Amelia, Fla.
          Contact: http://www.abiworld.org/

Aug. 5-7, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Mid-Atlantic Bankruptcy Workshop
       Hyatt Regency Chesapeake Bay, Cambridge, Maryland
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 4-8, 2010
TURNAROUND MANAGEMENT ASSOCIATION
    TMA Annual Convention
       JW Marriott Grande Lakes, Orlando, Florida
          Contact: http://www.turnaround.org/

Dec. 2-4, 2010
AMERICAN BANKRUPTCY INSTITUTE
    22nd Annual Winter Leadership Conference
       Camelback Inn, Scottsdale, Arizona
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 31-Apr. 3, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Annual Spring Meeting
       Gaylord National Resort & Convention Center, Maryland
          Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Central States Bankruptcy Workshop
       Grand Traverse Resort and Spa
          Traverse City, Michigan
             Contact: http://www.abiworld.org/

Dec. 1-3, 2011
AMERICAN BANKRUPTCY INSTITUTE
    23rd Annual Winter Leadership Conference
       La Quinta Resort & Spa, La Quinta, California
          Contact: 1-703-739-0800; http://www.abiworld.org/

                            *********

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 2008.  All rights reserved.  ISSN 1529-2754.

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

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

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


                 * * * End of Transmission * * *