TCRLA_Public/090205.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                      L A T I N  A M E R I C A

             Thursday, February 5, 2009, Vol. 9, No. 25

                            Headlines



A R G E N T I N A

ICA INVERSIONES: Proofs of Claim Verification Due on April 14
IT S SERVICIOS: Proofs of Claim Verification Due on Feb. 11
UNIVERSALFLET SA: Proofs of Claim Verification Due on March 3


B A R B A D O S

* BARBADOS: BHTA Seeks Government's Help Amid Economic Crisis


B E R M U D A

ARGO GROUP: Increases Loss Estimates for Hurricane Ike by US$15MM


C A Y M A N  I S L A N D S

ACA ABS: Placed Under Voluntary Liquidation
ADELPHI EUROPEAN: Placed Under Voluntary Liquidation
ARCAS INTERNATIONAL ET AL: Placed Under Voluntary Liquidation
ASTERI FUNDS: Placed Under Voluntary Liquidation
BILTMORE 2002-1: Placed Under Voluntary Liquidation

BILTMORE 2002-2: Placed Under Voluntary Liquidation
CAI EVENT: Placed Under Voluntary Liquidation
CRAFT 2003-2: Placed Under Voluntary Liquidation
CRAFT JSS: Placed Under Voluntary Liquidation
FLP HOLDINGS: Placed Under Voluntary Liquidation

HEURISTIC OFFSHORE: Placed Under Voluntary Liquidation
JAYHAWK CHINA: Placed Under Voluntary Liquidation
JUPITER HIGH: Placed Under Voluntary Liquidation
JUREMA LTD: Commences Liquidation Proceedings
KOREA FIRST: Placed Under Voluntary Liquidation

LANCER FUNDING: Placed Under Voluntary Liquidation
MISTLION LTD: Placed Under Voluntary Liquidation
TOKYO SUPPORTERS: Placed Under Voluntary Liquidation
TROCCA LIMITED: Placed Under Voluntary Liquidation


C O S T A  R I C A

DOMINO'S PIZZA: Mexican Owners Close 9 Stores, Cuts 130 Jobs


D O M I N I C A N  R E P U B L I C
MERCANTIL BANK: Local Court Readies RD$6.5 Billion Fraud Case


J A M A I C A

AIR JAMAICA: In Talks With Three Prospective Investors
LIME: Gets Sued by Digicel for Contempt of Court
* JAMAICA: Gets US$100 Million Policy-Based Loan From CDB


M E X I C O

BARCLAYS BANK: Moody's Affirms 'D' Bank Financial Strength Rating
CEMEX SAB: Provides Earnings Guidance for 2009
GRUPO TMM: To Release 4Q & FY 2008 Earnings Result on February 25


T R I N I D A D  &  T O B A G O

CL FINANCIAL: Taps London Lawyers for Bailout Advise
COLONIAL LIFE: A.M. Best Lowers Issuer Credit Rating to "bb"
ONE CARIBBEAN: Gov't to Become Largest Shareholder After Bailout


V I R G I N  I S L A N D S

COMMONWEALTH TRUST: Accused of Giving 'False & Misleading Infos'


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars




                         - - - - -


=================
A R G E N T I N A
=================

ICA INVERSIONES: Proofs of Claim Verification Due on April 14
-------------------------------------------------------------
Alejandro Sabsay, the court-appointed trustee for ICA Inversiones
S.A.'s bankruptcy proceedings, will be verifying creditors' proofs
of claim until April 14, 2009.

Mr. Sabsay will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 21 in Buenos Aires, with the assistance of Clerk
No. 41, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Alejandro Sabsay
         Bartolome Mitre 1131
         Buenos Aires, Argentina


IT S SERVICIOS: Proofs of Claim Verification Due on Feb. 11
-----------------------------------------------------------
Raquel Tripodi, the court-appointed trustee for I.T. S. Servicios
Postales S.A.'s bankruptcy proceedings, will be verifying
creditors' proofs of claim until Feb. 11, 2009.

Ms. Tripodi will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 20 in Buenos Aires, with the assistance of Clerk
No. 40, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Raquel Tripodi
         Avda. Santa Fe 1480
         Buenos Aires, Argentina


UNIVERSALFLET SA: Proofs of Claim Verification Due on March 3
-------------------------------------------------------------
Rosa Irigoyen, the court-appointed trustee for Universalflet
S.A.'s bankruptcy proceedings, will be verifying creditors' proofs
of claim until March 3, 2009.

Ms. Irigoyen will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 25 in Buenos Aires, with the assistance of Clerk
No. 49, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Rosa Irigoyen
         Avda. Cordoba 1351
         Buenos Aires, Argentina



===============
B A R B A D O S
===============

* BARBADOS: BHTA Seeks Government's Help Amid Economic Crisis
-------------------------------------------------------------
The Barbados Hotel and Tourism Association (?BHTA?) is asking the
government for monetary and other support to help its members
weather the global economic crisis, CBC.bb News reports.

According to the report, Association President Wayne Capaldi said
the government's US$10 million increase to the Barbados Tourism
Authority's budget was not enough and asked for more more support,
in both cash and kind, to be made available to the industry over
the next year.

The report relates among the things Mr. Capaldi asked for are:

   - Price support to the hotel sector, as well as amounts to
     protect against any new increases in the cost of electricity;

   - Rebates on property tax; and

   - A reduction in import duties for a basket of food and
     beverage inputs.

Mr. Capaldi, the report notes, said the association is
particularly concerned about the challenges that will be faced by
Barbados' foreign investors, and the uncertainty of continued
private capital inflows into Barbados, since most of that is
directed towards tourism investment.  The BHTA will work with
government to try and replace any lost investment capital, he
added.



=============
B E R M U D A
=============

ARGO GROUP: Increases Loss Estimates for Hurricane Ike by US$15MM
-----------------------------------------------------------------
Argo Group International Holdings Limited has increased its loss
estimates for Hurricane Ike by US$15 million, following a string
of Bermuda-based insurers who have done the same thing, The Royal
Gazette reports.

According to the report, the increase in loss estimate from the
storm was mainly allocated to Argo Group's International Specialty
segment which accounted for US$12.1 million.  The balance was
incurred by Argo's reinsurance segment, the report notes.

Argo Group, The Gazette recounts, had previously announced pre-tax
losses attributed to Ike and Gustav including reinstated premiums
and net of estimated insurance recoveries of US$60 million for the
third quarter in 2008.

The report says Argo also said the fourth quarter of 2008 will
result in a net realized loss on a pre-tax basis of US$16.7
million associated with its investment portfolio.

                         About Argo Group

Argo Group International Holdings Ltd. (Argo Group), formerly PXRE
Group Ltd. (PXRE) -- https://www.argolimited.com/  -- is an
international underwriter of specialty insurance and reinsurance
products in the property and casualty market.  For the year ended
December 31, 2007, Argo Group?s operations included three business
segments: Excess and Surplus Lines, Select Markets and
International Specialty.  Two operations are included in Argo
Group?s Excess and Surplus Lines business segment Colony Insurance
Company and Argonaut Specialty.  Select Markets segment provides
property and casualty coverages designed to meet the specialized
insurance needs of businesses within certain defined markets. The
International Specialty segment underwrites international and
United States reinsurance business.  In May 2008, it announced the
formation of Argo Surety.  In May 2008, it announced the
acquisition of 90% interest in Heritage Underwriting Agency plc.
In October 2008, it announced the launch of Argo Financial
Products Limited.



==========================
C A Y M A N  I S L A N D S
==========================

ACA ABS: Placed Under Voluntary Liquidation
-------------------------------------------
At an extraordinary general meeting held on December 12, 2008, the
shareholders of ACA ABS 2007-2, Limited resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The company's liquidators are:

          Andrew Millar
          Prashant Veturkar
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


ADELPHI EUROPEAN: Placed Under Voluntary Liquidation
----------------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of Adelphi European Small Cap Fund resolved to
voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The company's liquidators are:

          Jan Neveril
          Giles Kerley
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


ARCAS INTERNATIONAL ET AL: Placed Under Voluntary Liquidation
-------------------------------------------------------------
On December 8, 2008, it was resolved by the shareholders to
voluntarily wind up the operations of:

   -- Arcas International Fund Ltd; and
   -- Arcas International Hub Fund Ltd.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Jan Neveril
          Giles Kerley
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


ASTERI FUNDS: Placed Under Voluntary Liquidation
------------------------------------------------
At an extraordinary general meeting held on December 9, 2008, the
shareholders of Asteri Funds Investments General Partner Ltd
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Jan Neveril
          Giles Kerley
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


BILTMORE 2002-1: Placed Under Voluntary Liquidation
---------------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of Biltmore 2002-1, Limited resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Martin Couch
          Jan Neveril
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


BILTMORE 2002-2: Placed Under Voluntary Liquidation
---------------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of Biltmore 2002-2, Limited resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Martin Couch
          Jan Neveril
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


CAI EVENT: Placed Under Voluntary Liquidation
---------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of Cai Event Driven Ltd resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

         Emile Small
         Jan Neveril
         Maples Finance Limited, P.O. Box 1093GT
         Grand Cayman, Cayman Islands


CRAFT 2003-2: Placed Under Voluntary Liquidation
------------------------------------------------
At an extraordinary general meeting held on December 10, 2008, the
shareholders of Craft 2003-2, Ltd. resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Chris Marett
          Emile Small
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


CRAFT JSS: Placed Under Voluntary Liquidation
---------------------------------------------
At an extraordinary general meeting held on December 10, 2008, the
shareholders of Craft JSS 2003-3, Ltd. resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Chris Marett
          Emile Small
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


FLP HOLDINGS: Placed Under Voluntary Liquidation
------------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of FLP Holdings Limited resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Prashant Veturkar
          Andrew Millar
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


HEURISTIC OFFSHORE: Placed Under Voluntary Liquidation
------------------------------------------------------
On December 11, 2008, the shareholders of Heuristic Offshore Fund,
Ltd. passed a written resolution that voluntarily winds up the
company's operations.

Only creditors who were able to file their proofs of debt by
January 21, 2009, will be included in the company's dividend
distribution.

The company's liquidator is:

         Pergamon Management LLC
         590 Madison Avenue, New York
         NY 10022, USA


JAYHAWK CHINA: Placed Under Voluntary Liquidation
-------------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of Jayhawk China Offshore Fund resolved to
voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 30, 2009, will be included in the company's dividend
distribution.

The company's liquidator is:

          Jayhawk Capital Management, L.L.C.
          5410 West 61st Place
          Suite 100, Mission
          Kansas 66205
          United States of America


JUPITER HIGH: Placed Under Voluntary Liquidation
------------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of Jupiter High Grade CDO VII, Ltd. resolved to
voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Martin Couch
          Emile Small
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


JUREMA LTD: Commences Liquidation Proceedings
---------------------------------------------
On December 12, 2008, the sole shareholder of Jurema, Ltd. passed
a written resolution that voluntarily winds up the company's
operations.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands
          Telephone: (345) 914-6314


KOREA FIRST: Placed Under Voluntary Liquidation
-----------------------------------------------
At an extraordinary general meeting held on December 10, 2008, the
shareholders of Korea First Mortgage No. 1 Limited resolved to
voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Prashant Veturkar
          Jan Neveril
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


LANCER FUNDING: Placed Under Voluntary Liquidation
--------------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of Lancer Funding II, Ltd. resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

          Prashant Veturkar
          Andrew Millar
          Maples Finance Limited, P.O. Box 1093GT
          Grand Cayman, Cayman Islands


MISTLION LTD: Placed Under Voluntary Liquidation
------------------------------------------------
At an extraordinary general meeting held on December 5, 2008, the
shareholder of Mistlion Ltd. resolved to voluntarily liquidate the
company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The company's liquidator is:

          Lion International Corporate Services Limited
          c/o Amanda Bako
          Telephone: (345) 949 7755
          Facsimile: (345) 949-7634
          P.O. Box 484, Grand Cayman KY1-1106
          Cayman Islands


TOKYO SUPPORTERS: Placed Under Voluntary Liquidation
----------------------------------------------------
At an extraordinary general meeting held on December 10, 2008, the
shareholders of Tokyo Supporters CBO Funding Corporation resolved
to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The companies' liquidators are:

         Phillipa White
         Emile Small
         Maples Finance Limited, P.O. Box 1093GT
         Grand Cayman, Cayman Islands


TROCCA LIMITED: Placed Under Voluntary Liquidation
--------------------------------------------------
At an extraordinary general meeting held on December 11, 2008, the
shareholders of Trocca Limited resolved to voluntarily liquidate
the company's business.

Only creditors who were able to file their proofs of debt by
January 22, 2009, will be included in the company's dividend
distribution.

The company's liquidator is:

          Buchanan Limited
          c/o Rose Ferguson
          P.O. Box 1170, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345) 949-0355
          Facsimile: (345) 949-0360



==================
C O S T A  R I C A
==================

DOMINO'S PIZZA: Mexican Owners Close 9 Stores, Cuts 130 Jobs
------------------------------------------------------------
Domino?s Pizza Inc.'s Costa Rica franchise operations were halted
after its Mexican owner decided to pull up stakes and close its
nine stores on Saturday, leaving its 130 employees unemployed,
Inside Costa Rica News reports.

According to the report, the order from the head office in San
Francisco de Dos Rios, San Jose, directed all stores be closed,
all equipment and inventory be pulled, without any explanation.

The affected employees, the report relates, told the press that
the move (closing) was surprising, though not totally unexpected,
as the company had been losing money, estimated at US$2 million by
the employees of the pizza chain.

The employees now hope the owners will at least pay all salaries
and the "liquidation" - severance pay that is owed to employees,
Inside Costa Rica News says.

                       About Domino?s Pizza

Domino?s Pizza, Inc. -- http://www.dominos.com-- is a pizza
delivery company in the United States.  The company operates
through a network of 8,624 Company-owned and franchise stores,
located in all 50 states and in more than 55 countries.  The
Company?s franchisee comprises of over 2,000 owner-operators.  The
Company operates its business in three segments: domestic stores,
domestic supply chain and international.  The domestic stores
segment comprises 4,584 franchise stores and 571 Company-owned
store operations during the fiscal year ended December 30, 2007.
The domestic supply chain segment operates 17 regional dough
manufacturing and food supply chain centers, one supply chain
center providing equipment and supplies to certain of stores in
the United States and internationally, and one vegetable
processing supply chain center.  The international segment
oversees a network of 3,469 international franchise stores in more
than 55 countries



==================================
D O M I N I C A N  R E P U B L I C
==================================

MERCANTIL BANK: Local Court Readies RD$6.5 Billion Fraud Case
-------------------------------------------------------------
A National District court has drafted the work schedule for the
hearings in the case of the failed bank Mercantil, which is
expected to conclude by the end of May, The Dominican Today
reports.

According to the report, the First Collegiate Court, headed by
interim judge Izmir Giselle Mendez, postponed the case due to a
family problem of one of the defense lawyers.  The case was heard
yesterday, January 4, the report notes.

The calendar contains 47 hearings in the case against former
Mercantil Bank President Andres Aybar and others indicted in the
RD$6.5 billion fraud, The Dominican says.



=============
J A M A I C A
=============

AIR JAMAICA: In Talks With Three Prospective Investors
------------------------------------------------------
The Air Jamaica Privatization Committee has confirmed that it?s
now in serious discussions with three prospective investors
regarding the divestment of the national airline, The Jamaica
Gleaner reports.

According to the report, while not stating the names of the
investors, the privatization committee said they?re from three
different geographic locations.

The committee, Radio Jamaica relates, provided the update to
minister without Portfolio in the Ministry of Finance, Senator Don
Wehby.  The same report relates Sen. Wehby said the government
remains fully focused on attracting serious investors by March 31,
2009, the deadline set for the privatization.

The Gleaner notes the government has engaged the services of
International Finance Corporation, a World Bank subsidiary, to
guide its planned privatization of the national airline.

As reported in the Troubled Company Reporter - Latin America on
January 7, 2008, Jamaica News said the National Workers Union
("NWU"), one of the union representing Air Jamaica workers,
suggested the government should seriously consider delaying the
stake sale of Air Jamaica.  The union said hope is fading that
the March 31 deadline for the divestment will be met, the same
report related.

Radio Jamaica News earlier reported Air Jamaica still has no clear
buyer as the three months divestment deadline expiration
approaches.  The report said the deepening financial woes in the
global economy could put a damper on efforts by the Bruce Golding
administration to get the loss-making Air Carrier off its books.

Radio Jamaica News, citing Air Jamaica President and Chief
Executive Officer, Bruce Nobles, said that while discussions are
underway with several interested parties, the impact of the
economic crunch could make the sale a difficult one.  However, he
remains optimistic despite the daunting economic challenges, the
same report said.

A TCR-LA report on November 20, 2008 said according to Jamaican
Information Service, Mr. Nobles and his team had been in
discussion with potential purchasers to ensure the divestment is
completed by the deadline.  The government has contracted the
services of IFC, the private sector arm of the World Bank, as
consultants and advisers in the divestment process, the same
report added.

On Jan. 8, 2009, the TCR-LA, citing Jamaica Gleaner, said a local
group in Jamaica is reportedly considering to become a major
player in troubled airline Air Jamaica's future operations.

According to the report, vice president of NWU, Granville
Valentine, said members of the group have so far approached the
union for consultations on the matter.

RadioJamica News notes a source said a question mark has been
placed beside a local consortium that has presented an offer for
Air Jamaica.  Checks are being made on its financial backing to
determine whether it has the cash to operate Air Jamaica after
it's removed from state control, the same report relates.

                        About Air Jamaica

Headquartered in Kingston, Jamaica, Air Jamaica --
http://www.airjamaica.com/-- was founded in 1969.  It flies
passengers and cargo to almost 30 destinations in the Caribbean,
Europe, and North America.  Air Jamaica offers vacation packages
through Air Jamaica Vacations.  The company closed its intra-
island services unit, Air Jamaica Express, in October 2005.

The Jamaican government owned 25% of the company after it went
private in 1994. However, in late 2004, the government assumed
full ownership of the airline after an investor group turned over
its 75% stake.  The Jamaican government does not plan to own Air
Jamaica permanently.

                         *     *     *

As reported by the Troubled Company Reporter-Latin America on
Nov. 6, 2008, Moody's Investors Service placed the debt ratings of
Air Jamaica Limited, B1 senior unsecured notes guaranteed by the
Government of Jamaica, on review for possible downgrade.  The
review coincides with Moody's action placing the ratings of the
Government of Jamaica under review for downgrade on November 4,
2008.


LIME: Gets Sued by Digicel for Contempt of Court
------------------------------------------------
Digicel has applied to the Supreme Court for an order to be made
against its telecommunications rival Lime (formerly Cable &
Wireless Jamaica), for contempt of court, Radio Jamaica reports.

According to the report, the latest move is in response to LIME's
ignoring of an injunction obtained by Digicel from the Supreme
Court which, among other things, ordered LIME to cease making use
of confidential Digicel data given unlawfully and unethically to
LIME by Claro network.

In a statement obtained by Radio Jamaica, Digicel Jamaica's legal
and regulatory manager said LIME had gone too far in choosing to
exhibit what he described as flagrant disregard and disrespect for
the court order.

As reported in the Troubled Company Reporter-Latin America on
Jan. 13, 2009, Radio Jamaica News said LIME won its inter-
connectivity battle against its rival after Jamaica's Supreme
Court issued an order directing Digicel to unblock LIME's
international circuits.

A TCRLA report on January 12, 2009, citing The Jamaica Gleaner,
said LIME Jamaica accused Digicel of blocking calls from LIME
customers in other Caribbean countries to the Digicel network in
Jamaica.

Lawrence McNaughton, LIME's executive vice-president of carrier
services for the Caribbean, told The Gleaner in an interview that
LIME customers in the Caribbean and some parts of the United
Kingdom, United States and Canada were unable to contact Digicel
customers in Jamaica.  This was because Digicel turned down a
number of circuits, which take traffic from the rest of the region
and from the US and other locations, the same report said.

According to Jamaica News, the court order also prevented Digicel
from disconnecting or otherwise interfering with the inter-
connectivity access capacity provided for under the
Interconnection Agreement between the parties.

                            About LIME

Lime (formerly Cable & Wireless Jamaica) --
http://home.cwjamaica.com/ -- is a provider of national and
international fixed line services.  The company is owned 82% by
Cable & Wireless plc.  Cable & Wireless Jamaica also owns Jamaica
Digiport International Limited, a company which provides high
speed data and other telecommunications services exclusively to
freezone and offshore companies.

                      About Cable & Wireless

Headquartered in London, England, Cable & Wireless plc --
http://www.cw.com/-- is an international telecommunications
company.  The Company offers mobile, broadband and domestic and
international fixed line services to homes, small and medium-sized
enterprises, corporate customers and governments.  It operates in
39 countries through four major operations in the Caribbean,
Panama, Macau and Monaco & Islands.  It operates through two
businesses: International and Europe, Asia & US.  Its
International business operates full service telecommunications
companies through four major operations in the Caribbean, Panama,
Macau and Monaco and Islands.  Its Europe, Asia & US provides
enterprise and carrier solutions to the largest users of telecom
services across the United Kingdom, continental Europe, Asia and
the United States.  Its subsidiaries include Cable & Wireless UK,
Cable & Wireless Jamaica Ltd, Cable & Wireless Panama, SA, Cable &
Wireless (Barbados) Ltd and Monaco Telecom SAM.

                          *     *     *

According to Bloomberg data, Cable & Wireless plc continues to
carry Moody's "Ba3" long-term corporate family rating, "B1" senior
unsecured debt rating and "Ba3" probability of default rating with
a stable outlook.

The company continues to Standard & Poor's "BB-" long-term foreign
and local issuer credit ratings and "B" short-term foreign and
local issuer credit ratings.


* JAMAICA: Gets US$100 Million Policy-Based Loan From CDB
---------------------------------------------------------
Jamaica obtained a US$100 million (J$8.5 billion) policy-based
loan from the Caribbean Development Bank ("CDB") and will receive
the first drawdown of US$33.3 million this week, Jamaica Observer
reports.
x
The CDB loan, the report relates, has an interest rate of 4.5% and
would be disbursed in three equal tranches stretching over a two-
year period.

According to the report, the ministry said the loan is a
continuation of the administration's planned initiative of re-
engaging with multi-lateral institutions to negotiate lower cost
loans.

Meanwhile, the report relates Don Wehby, minister without
portfolio in the ministry of finance, said the granting of the
loan was based on specific commitments, including the control of
public sector debt, managing the public sector wage bill and a
rationalization of public bodies.  "These were self-imposed
policies agreed to by the CDB," the report quoted Minister Wehby
as saying.

Minister Wehby, as cited by the report, said the multi-lateral
agencies exhibited a level of confidence in Jamaica not readily
seen in locals institutions.

"We have the confidence of the multi-laterals yet in our own
country we are faced with a confidence issue," Minister Wehby
remarked.

The CDB policy-based loan is expected to increase support provided
by the Inter-American Development Bank (IDB) and World Bank in
policy reform and will support Government's fiscal and debt
initiatives, including the strengthening of financial management
in the public sector and a consolidating and streamlining of
revenue systems, the report adds.

                          *     *     *

According to Moody's Web site, the country continues to hold
a B1 foreign currency rating and a Ba2 local currency rating.



===========
M E X I C O
===========

BARCLAYS BANK: Moody's Affirms 'D' Bank Financial Strength Rating
-----------------------------------------------------------------
Moody's Investors Service downgraded Barclays Bank, S.A.'s global
local currency deposit ratings to Baa1/Prime-2 from A1/Prime-1.
At the same time, Moody's affirmed the bank's D bank financial
strength rating and the long- and short-term foreign currency
deposit ratings of Baa1 / Prime-2.  Moody's also affirmed the
long- and short-term Mexican National Scale ratings of Aaa.mx and
MX-1, respectively.  The outlook of all the ratings is stable.

The rating actions on Barclays Bank Mexico follow Moody's actions
taken on the ratings of Barclays Bank plc, where the parent bank
saw its BFSR lowered to C from B.

Moody's said that Barclays Bank Mexico's GLC deposit rating to a
great extent incorporates Moody's assessment of the probability of
very high support that could be received from its parent company
Barclays Bank.  Moody's notes that an integral part of the
parental support received takes the form of transferring of a
significant portion of risks inherent to the Mexican subsidiary to
other entities of the Barclays network.

The last rating action on Barclays Bank Mexico was on September
17, 2008 when Moody's placed under review for possible downgrade
Barclays Bank Mexico's GLC deposit rating as a result of a similar
action on the parent company's ratings.

The long-term Mexican National Scale rating of Aaa.mx indicates
issuers or issues with the strongest creditworthiness relative to
other domestic issuers.  The short-term Mexican National Scale
rating of MX-1 indicates that the issuer has the strongest ability
to repay short-term senior unsecured debt obligations relative to
other domestic issuers.

These rating actions were taken on Barclays Bank (M‚xico), S.A.:

  -- Global local currency deposits, long term and short term:
     Downgrade to Baa1/Prime-2 from A1/Prime-1, with stable
     outlook

These ratings on Barclays Bank (M‚xico), S.A. were affirmed:

  -- Bank Financial Strength: D, with stable outlook

  -- Long term foreign currency deposits: Baa1, with stable
     outlook

  -- Short term foreign currency deposits: Prime-2

  -- Long term Mexican National Scale: Aaa.mx, with stable outlook

  -- Short term Mexican National Scale: MX-1


CEMEX SAB: Provides Earnings Guidance for 2009
----------------------------------------------
Cemex S.A.B. de C.V. expects EBITDA for the full year 2009 to be
in the range of US$3.5 billion to US$3.7 billion, while free cash
flow is expected to reach between US$1.9 billion and US$2.1
billion

Lorenzo H. Zambrano, CEMEX Chairman and CEO, said: "The global
financial and economic crisis has presented CEMEX--and our
industry--with unprecedented challenges.  Nevertheless, we remain
confident that CEMEX has the right strategy, resources, and
management team to cope with the challenges we face.  As a result,
we expect to emerge from the present crisis well positioned for
the next chapter of CEMEX's long-running growth story."

CEMEX intends to reduce its net debt by approximately
US$3.6 billion this year to reach US$14.3 billion at the end of
the year in order to restore financial flexibility as soon as
possible and meet its financial commitments.

CEMEX's domestic cement and ready-mix volumes in Mexico are
expected to decrease by about 5% and 2%, respectively for 2009.
The company anticipate the flattening in housing demand to
continue, with a significant increase in infrastructure
construction.

In CEMEX's operations in the United States, without assuming any
impact from the new stimulus package, they expect cement volumes
to decrease between 13% and 15%, ready-mix volumes to fall between
15% and 17%, and aggregates volumes to be reduced between 13% to
15% for the full year.  It is expected that the housing and
industrial and commercial sectors will continue to decline well
into the year.  However, it is becoming increasingly clearer that
the U.S. authorities are committed to leveraging infrastructure
spending as one of the key components in an economic stimulus
initiative designed to escape the worst downturn since the Great
Depression.

In Spain, on a like-for-like basis, adjusting for the divestment
of our Canary Islands operations, cement, ready-mix and aggregates
are expected to decrease by about 20%, 27% and 16%, respectively,
during 2009.  The housing and non-residential construction sectors
are expected to decline during 2009.  However, they expect the
government's infrastructure investments to partly offset these
declines.

For the full year 2009, CEMEX expects cement volumes in the United
Kingdom to decrease by about 16%, ready-mix volumes are expected
to be reduced by about 14%, and aggregates volumes are expected to
fall by about 10%.

CEMEX expects cement volumes in Germany to decrease by about 15%
during 2009.

In France, the company's ready-mix volumes are expected to fall by
about 12% during 2009.

CEMEX expects cement volumes in Colombia during 2009 to decrease
between 4% and 6%.

CEMEX expects cement volumes in Egypt during 2009 to grow by about
1%.

For the full year 2009, ready-mix volumes in Australia are
expected to decrease by about 10%, while aggregates volumes are
expected to fall by about 13%.

Guidance numbers are calculated on the basis of market close
exchange rates as of February 3, 2009.  Given the volatility of
foreign exchange rates and the exposure of the company's
operations to factors beyond their control, its actual results
could be materially different from their indicative guidance.

                           About Cemex

Headquartered in Mexico, Cemex S.A.B. de C.V. --
http://www.cemex.com/-- is a growing global building solutions
company that provides high quality products and reliable service
to customers and communities in more than 50 countries throughout
the world, including Argentina, Colombia and Venezuela.
Commemorating its 100th anniversary in 2006, Cemex has a rich
history of improving the well-being of those it serves through its
efforts to pursue innovative industry solutions and efficiency
advancements and to promote a sustainable future.

                         *     *     *

As reported by the Troubled Company Reporter-Latin America on
November 26, 2008, Fitch Ratings downgraded Cemex, S.A.B. de
C.V.'s  'BBB-' foreign currency Issuer Default Rating to 'BB+';
'BBB-' local currency IDR to 'BB+'; and 'BBB-' Senior unsecured
debt obligations to 'BB+'.  The Rating Outlook is Negative.

According to Fitch, the rating actions reflect weaker than
expected operating results and higher leverage levels than
previously anticipated due to economic weakness in most of the
company's important markets.


GRUPO TMM: To Release 4Q & FY 2008 Earnings Result on February 25
-----------------------------------------------------------------
Grupo TMM, S.A.B. said it will publish its fourth-quarter and
full-year 2008 financial results on Wednesday, February 25, after
the close of trading on the New York Stock Exchange.

TMM's management will host a conference call and Webcast to review
financial and operational highlights on Thursday, February 26 at
11:00 a.m. Eastern time.

To participate in the conference call, please dial:

  -- (877) 723-9511 (domestic) or
  -- (719) 325-4767 (international)

Headquartered in Mexico City, Grupo TMM, S.A.B. (NYSE: TMM)(MEX
VALORIS: TMMA) -- http://www.grupotmm.com/-- is a Latin
American multimodal transportation and logistics company.
Through its branch offices and network of subsidiary companies,
TMM provides a dynamic combination of ocean and land
transportation services.

As reported in the Troubled Company Reporter-Latin America on
July 17, 2008, Grant Thornton, S.C. raised substantial doubt
about the ability of Grupo TMM, S.A.B, to continue as a going
concern after it audited the company's financial statements for
the year ended Dec. 31, 2007.  The auditing firm pointed to the
company's sustained substantial losses from continuing
operations during the past five years.



===============================
T R I N I D A D  &  T O B A G O
===============================

CL FINANCIAL: Taps London Lawyers for Bailout Advise
----------------------------------------------------
CL Financial tapped London lawyers to seek advise regarding the
bail out deal hammered out between the conglomerate, Central Bank
and Government and which saw a memorandum of understanding (MOU)
being signed between the parties, Rory Rostant of Trinidad &
Tobago Newsday reports.

According to the report, the move by CL Financial comes just days
after the Government and group worked out a deal to keep its
subsidiary, Clico Life Insurance Co Ltd, afloat and is the latest
development in an already muddled transaction.

As part of the MOU, the report relates, the Central Bank announced
that it will take control of CL Financial?s bank, Clico Investment
Bank (CIB) and its investment arm Caribbean Money Market Brokers
(CMMB), by transferring its assets and deposits and liabilities to
wholly government-owned First Citizens Bank.

In exchange for this lifeline, CL Financial will divest its
assets, including its 55% share in Republic Bank and its share in
Methanol Holdings Trinidad Ltd to First Citizens, effectively
giving control of both entities to the Government, Newsday notes.

However, Newsday says CL Financial is also making it clear that
the action taken by Government and the Central Bank to bail out
the company was limited to its financial subsidiaries only: Clico,
CIB, CMMB and British American Insurance Company.

The report discloses that in a full-page advertisement, CL
Financial also sought to assure that the bail out in ?no way
affects the operations of any of the other CL Financial
subsidiaries operating in Trinidad, the region or
internationally.?

Cl Financial, as cited by the report, said its insurance
subsidiaries, Clico Holdings (Barbados), British American
Insurance Company (Barbados) and Clico (Guyana) are not affected
by this action, saying that they are independent entities within
the group.


         CLICO (Cayman) Not Affected by Parent's Bail Out

CLICO (Cayman), a unit of CL Financial, is reassuring its
investors and policyholders that its operations won't be affected
by the recent bail-out of its parent by the central bank and
government, Cayman Net News reports.

In a statement obtained by Cayman Net News, CLICO (Cayman)said:

?Following developments in Trinidad & Tobago, in which the
country?s central bank and government announced a bailout of C L
Financial, CLICO (Cayman) wishes to assure its investors and
policyholders that the developments in Trinidad have no financial
impact on CLICO (Cayman).

?The facts are that CLICO Investment Bank (CIB) has been sold to
Trinidad and Tobago?s First Citizens Bank Limited, and the
Government of Trinidad and Tobago will provide the liquidity to
support CLICO (Trinidad). This liquidity is backed by the assets
of C L Financial Limited.

?CLICO (Cayman) remains solid with its own assets in trust in
support of its liabilities.?

                        About CL Financial

CL Financial is the largest privately held conglomerate in
Trinidad and Tobago and one of the largest privately held
corporations in the entire Caribbean.  Founded as an insurance
company, Colonial Life Insurance Company (CLICO) by Cyril Duprey,
it was expanded into a diversified company by his nephew, Lawrence
Duprey.  CL Financial is now one of the largest local
conglomerates in the region, encompassing over 65 companies in 32
countries worldwide with total assets standing at roughly US$100
billion.


COLONIAL LIFE: A.M. Best Lowers Issuer Credit Rating to "bb"
------------------------------------------------------------
A.M. Best Co. has downgraded the financial strength rating to B
(Fair) from B++ and the issuer credit rating (ICR) to "bb" from
"bbb" of Colonial Life Insurance Company (Trinidad) Limited
(CLICO) (Trinidad and Tobago).  Concurrently, the ratings have
been placed under review with negative implications.  In addition,
the FSR of B (Fair) and ICR of "bb" of CLICO (Bahamas) Limited
(CLICO Bahamas) (Nassau, Bahamas) also have been placed under
review with negative implications.  CLICO and CLICO Bahamas are
insurance member companies of CL Financial Limited (CL Financial),
a diversified holding company based in Trinidad and Tobago.

The ratings downgrades follow the actions announced by the Central
Bank of Trinidad & Tobago in reaction to a significant increase in
liquidity pressures at several CL Financial subsidiaries,
including CLICO and CLICO Investment Bank (CIB).  CIB has been
facing tightened liquidity through elevated withdrawals, as
concern regarding the sharp decline in methanol and real estate
prices were seen as negatively impacting the balance sheet of CL
Financial.  As part of its investment strategy, CLICO maintains a
high concentration in related party assets, including large
holdings in the banking and financial services, energy and
manufacturing sectors.  Thus, the liquidity challenges at CIB are
expected to impact CLICO. A.M. Best had previously expressed
concerns with the liquidity of CLICO's non-quoted affiliated
assets. CLICO has experienced rapid growth in its annuity and
pension lines of business through high crediting rates.

CL Financial has agreed to divest assets to improve CLICO's
Statutory Fund, while the Trinidad government has committed to
provide additional funding that may be needed for any deficit.
This funding will be provided in exchange for collateral and an
equity interest in CLICO.  In addition, a strategy has been
implemented by the government to meet withdrawals of third party
depositors of CIB and CLICO policyholders.

According to A.M. Best, the ratings will remain under review as it
reviews CLICO's ability to quickly diversify away from its large
affiliated investment holdings and related party transactions in
order to provide greater liquidity.  The review will also include
an understanding of the level of involvement of the Trinidad
government in CLICO's ongoing operations.  Further negative rating
actions may be warranted following this review, the rating agency
said.


ONE CARIBBEAN: Gov't to Become Largest Shareholder After Bailout
----------------------------------------------------------------
Trinidad and Tobago's government is set to become the largest
shareholder of One Caribbean Media ("OCM"), the parent company of
the Trinidad Express, CCNTV-6 and the Nation newspaper in
Barbados, as a result of its bail out of insurance company CLICO
Financialy, Oscar Ramjeet of Caribbean Net News reports.

According to the report, citing the Trinidad Guardian, CLICO owns
15.4 million shares in the media group, or 23.4% of One Caribbean
Media as of 2007, making it the largest single shareholders in the
company.

Explaining the intervention by the State, Central Bank Governor
Ewart Williams, as cited by Caribbean Net News, said that CLICO
had a sizeable statutory fund deficit, and CL Financial had agree
to divest "additional assets" to help fund this deficit.

?The government has committed to providing additional funding that
is needed by CLICO,? the report quoted Mr. Williams as saying.
"Government funding will be provided in exchange for collateral
and an equity interest in CLICO,? he said.

Caribbean Net News notes that when the government takes control of
CLICO, it will automatically inherit the insurance company's 23%
stake in OCM, and will likely inherit the directorship held by the
CL Financial group on the OCM board.

                    About One Caribbean Media

One Caribbean Media Limited -- http://www.onecaribbeanmedia.net/-
- is the largest and most diversified media organisation in the
Caribbean region with businesses in Newspapers, Radio, Television
and Internet and New Media.  OCM operates in these Caribbean
territories:

    * Barbados
    * Grenada
    * St. Lucia
    * Trinidad and Tobago

In addition OCM has investments in companies operating in Jamaica
and Guyana and our radio broadcasts are heard in most of the
Eastern Caribbean territories.



==========================
V I R G I N  I S L A N D S
==========================

COMMONWEALTH TRUST: Accused of Giving 'False & Misleading Infos'
----------------------------------------------------------------
British Virgin Islands Financial Services Commission ("FSC") --
the local financial services regulator in the British Virgin
Islands -- has accused Commonwealth Trust Limited ("CTL") of
providing ?false and misleading information" in an attempt to show
that it was complying with Anti-money Laundering (AML) Code
legislation, Tricia N. Henry of Caribbean Net News reports, citing
financial newsletter OffShoreAlert.

According to the report, the accusation is revealed in a legal
challenge made by CTL to a directive from the FSC ordering the
firm to stop taking on new business until it complied with the
jurisdiction's anti-money laundering laws.  CTL subsequently lost
the case, the report recounts.

BVI High Court Justice Rita Joseph-Olivetti, the report notes,
said the struggle between the BVI regulators and CTL had dated
back to 2001.  The FSC reportedly strive for ?ongoing dialogue?
with CTL, but took enforcement action on January 30, 2007, the
report says.

Offshore Alert, Caribbean Net News relates, reported that CTL,
which had been operating without a general manager since February
2006, provided a consultant?s report in July 2007, acknowledging
CTL?s ?serious compliance deficiencies? and attributing these
deficiencies to the absence of a GM.

A further regulatory compliance inspection carried out in July
2007 showed that ?no due diligence, retroactive or ongoing, had
been conducted? since a 2006 inspection, the report says.

Caribbean Net News notes that FSC then ordered CTL to cease its
operations of incorporating new business, a move CTL opposed,
saying that it would severely affect its survival.

However, in her ruling, Judge Joseph-Olivetti denied the Trust
Company?s application, stating that the trust company did not meet
the legal standards required for a judicial review to be ordered,
Caribbean Net News says.

"The reality is that CTL had a history of being non -compliant
since 2005 and that despite several opportunities given to it by
the FSC to set matters right it failed to do so to the
satisfaction of the FSC,? the report quoted Judge Joseph-Olivetti
as saying.  ?CTL has not challenged the standards of compliance
set by FSC as being unrealistic or in any way unfair. In my
judgment the FSC was perfectly entitled to take into account the
unsatisfactory course of dealings with CTL as regards compliance
issues with the AML Code,? she added.

                     About Commonwealth Trust

Commonwealth Trust Limited is a British Island-based trust company



===============
X X X X X X X X
===============

* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

Feb. 5-7, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Caribbean Insolvency Symposium
       Westin Casurina, Grand Cayman Island, Alabama
          Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 25-27, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Valcon
       Four Seasons, Las Vegas, Nevada
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 2, 2009
ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS
    Chicago Regional Conference
       Union League Club of Chicago, Chicago, Illinois
          Contact: 1-541-858-1665; http://www.airacira.org/

Mar. 13, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Bankruptcy Battleground West
       Beverly Wilshire, Beverly Hills, California
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 14-16, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Conrad Duberstein Moot Court Competition
       St. John's University School of Law, New York City
          Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 1-4, 2009
AMERICAN BANKRUPTCY INSTITUTE
    27th Annual Spring Meeting
       Gaylord National Resort & Convention Center,
       National Harbor, Md.
          Contact: 1-703-739-0800; http://www.abiworld.org/

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 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-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA 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-LA constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.

Tuesday's edition of the TCR-LA features a list of companies
with insolvent balance sheets obtained by our editors based on
the latest balance sheets publicly available a day prior to
publication.  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-LA. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

                            ***********


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 - Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Marie Therese V. Profetana, Marites O. Claro, Joy
A. Agravente, Pius Xerxes V. Tovilla, Rousel Elaine C. Tumanda,
Valerie C. Udtuhan, Frauline S. Abangan, and Peter A. Chapman,
Editors.


Copyright 2008.  All rights reserved.  ISSN 1529-2746.

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 Latin America 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 * * *