TCRLA_Public/091202.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

           Wednesday, December 2, 2009, Vol. 10, No. 238

                            Headlines

A R G E N T I N A

CAL PLA: Creditors' Proofs of Debt Due on December 30
CHAMPION SA: Asks for Preventive Contest
COOPERATIVA DE PROVISION: Creditors' Proofs of Debt Due on Feb. 26
DEYA SA: Creditors' Proofs of Debt Due on February 3
DIVISION CMR: Asks for Bankruptcy by Cessation of Payments

GALERNA SRL: Asks for Preventive Contest by Cessation of Payments
GEO SALUD: Creditors' Proofs of Debt Due on February 24
MELMAR SERVICES: Creditors' Proofs of Debt Due on March 4
PERCLES SA: Creditors' Proofs of Debt Due on February 9
PLOMER SRL: Creditors' Proofs of Debt Due on February 25


B E R M U D A

C.V. STARR: Creditors' Proofs of Debt Due on December 31
C.V. STARR: Member to Receive Wind-Up Report on January 6
FRED OLSEN: Creditors' Proofs of Debt Due on December 4
FRED OLSEN: Members' Final Meeting Set for December 22
INTERINVEST (BERMUDA): Court to Hear Wind-Up Petition on Jan. 8

JUNGFRAU FUND: Creditors' Proofs of Debt Due on December 4
JUNGFRAU FUND: Members' Final Meeting Set for January 14
OPTIMA MULTI-SECTOR: Creditors' Proofs of Debt Due on December 4
OPTIMA MULTI-SECTOR: Members' Final Meeting Set for December 23
PEMBROKE B737-5001: Creditors' Proofs of Debt Due on December 4

PEMBROKE B737-5001: Members' Final Meeting Set for December 23
PEMBROKE B737-7004: Creditors' Proofs of Debt Due on December 4
PEMBROKE B737-7004: Members' Final Meeting Set for December 23
PEMBROKE B737-7005: Creditors' Proofs of Debt Due on December 4
PEMBROKE B737-7005: Members' Final Meeting Set for December 23

PEMBROKE B737-7006: Creditors' Proofs of Debt Due on December 4
PEMBROKE B737-7006: Members' Final Meeting Set for December 23
PLANET FUND: Creditors' Proofs of Debt Due on December 4
PLANET FUND: Members' Final Meeting Set for January 14


B R A Z I L

TRANSAX INT'L: Net Loss Widens to US$1.9MM for 9Months to Sept. 30


C A Y M A N  I S L A N D S

ACHILLES (CAYMAN): Shareholders Receive Wind-Up Report
ALPHEUS (CAYMAN): Shareholders Receive Wind-Up Report
AMPSS 2007-5: Shareholders Receive Wind-Up Report
ANGLIC INVESTMENT: Shareholders to Hear Wind-Up Report on Jan. 13
AOZORA CLO: Shareholders Receive Wind-Up Report

BLACK INVESTMENTS: Shareholders Receive Wind-Up Report
BLUE RIDGE: Shareholders Receive Wind-Up Report
CAPTAIN (NO. 1): Shareholders Receive Wind-Up Report
CASTELLO INVESTMENT: Shareholders' Meeting Set for January 14
EVERLEE INVESTMENTS: Members Receive Wind-Up Report

KINGSMEAD SPECIAL: Shareholders to Hear Wind-Up Report on Dec. 15
KINGSMEAD SPECIAL: Shareholders to Hear Wind-Up Report on Dec. 15
KINGSMEAD SPECIAL: Shareholders to Hear Wind-Up Report on Dec. 15
MUTUAL FUND: Shareholders Receive Wind-Up Report
MUTUAL FUND: Shareholders Receive Wind-Up Report

MUTUAL FUND: Shareholders Receive Wind-Up Report
MUTUAL FUND: Shareholders Receive Wind-Up Report
MUTUAL FUND: Shareholders Receive Wind-Up Report
MUTUAL FUND: Shareholders Receive Wind-Up Report
PAGIA INVESTMENTS: Shareholders Receive Wind-Up Report

PEPENE LTD: Shareholders to Hear Wind-Up Report on January 13
R.C.P. GENERAL: Shareholders Receive Wind-Up Report
RAB DIVERSIFIED: Shareholders Receive Wind-Up Report
REX FUNDING: Shareholders Receive Wind-Up Report
SOLENT MULTI: Shareholders Receive Wind-Up Report

SOLENT MULTI: Shareholders Receive Wind-Up Report
TE EAGLE: Shareholders Receive Wind-Up Report
TE EAGLE: Shareholders Receive Wind-Up Report
TE GRAHAM: Shareholders Receive Wind-Up Report
TE GRAHAM: Shareholders Receive Wind-Up Report


T U R K S  &  C A I C O S  I S L A N D S

ENGETECH INC: In Default Under Purchase Deal with Transax


                         - - - - -


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


CAL PLA: Creditors' Proofs of Debt Due on December 30
-----------------------------------------------------
Jose Eduardo Obes, the court-appointed trustee for Cal Pla SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until December 30, 2009.

Mr. Obes will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 17
in Buenos Aires, with the assistance of Clerk No. 33, 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:

          Jose Eduardo Obes
          Lavalle 1619
          Argentina


CHAMPION SA: Asks for Preventive Contest
----------------------------------------
Champion SA asked for preventive contest.

The company stopped making payments last May 24, 2009.


COOPERATIVA DE PROVISION: Creditors' Proofs of Debt Due on Feb. 26
------------------------------------------------------------------
Sergio Leonardo Novick, the court-appointed trustee for
Cooperativa de Provision de Servicios de Transporte de Carga y
Pasajeros Baseport Limitada's bankruptcy proceedings, will be
verifying creditors' proofs of claim until February 26, 2010.

Mr. Novick will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 9 in Buenos Aires, with the assistance of Clerk
No. 18, 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:

          Sergio Leonardo Novick
          Libertad 359
          Argentina


DEYA SA: Creditors' Proofs of Debt Due on February 3
----------------------------------------------------
Jorge Osvaldo Stanivlasky, the court-appointed trustee for Deya
SA's bankruptcy proceedings, will be verifying creditors' proofs
of claim until February 3, 2010.

Mr. Stanivlasky swill present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 17 in Buenos Aires, with the assistance of Clerk
No. 34, 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:

          Jorge Osvaldo Stanivlasky
          Talcahuano 768
          Argentina


DIVISION CMR: Asks for Bankruptcy by Cessation of Payments
----------------------------------------------------------
Division CMR SA asks for own bankruptcy by cessation of payments.


GALERNA SRL: Asks for Preventive Contest by Cessation of Payments
-----------------------------------------------------------------
Galerna S.R.L. asks for preventive contest by cessation of
payments.


GEO SALUD: Creditors' Proofs of Debt Due on February 24
-------------------------------------------------------
Ulderico Luis Laudren, the court-appointed trustee for Geo Salud
SA's bankruptcy proceedings, will be verifying creditors' proofs
of claim until February 24, 2010.

Mr. Laudren will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 9 in Buenos Aires, with the assistance of Clerk
No. 18, 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:

          Ulderico Luis Laudren
          Libertad 293
          Argentina


MELMAR SERVICES: Creditors' Proofs of Debt Due on March 4
---------------------------------------------------------
Isaac Jozpe, the court-appointed trustee for Melmar Services SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until March 4, 2010.

Mr. Jozpe swill present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 8 in Buenos Aires, with the assistance of Clerk
No. 16, 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:

          Isaac Jozpe
          Uriburu 1054
          Argentina


PERCLES SA: Creditors' Proofs of Debt Due on February 9
-------------------------------------------------------
Norma Rosa Garciandia, the court-appointed trustee for Percles
SA's reorganization proceedings, will be verifying creditors'
proofs of claim until February 9, 2010.

Ms. Garciandia swill present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 13 in Buenos Aires, with the assistance of Clerk
No. 25, 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:

          Norma Rosa Garciandia
          Mariscal Francisco Solano Lopez 3279
          Argentina


PLOMER SRL: Creditors' Proofs of Debt Due on February 25
--------------------------------------------------------
Fabiana Paula Perez, the court-appointed trustee for Plomer SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until February 25, 2010.

Ms. Perez will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 12
in Buenos Aires, with the assistance of Clerk No. 23, 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:

          Fabiana Paula Perez
          Carlos Pellegrini 1079
          Argentina


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


C.V. STARR: Creditors' Proofs of Debt Due on December 31
--------------------------------------------------------
The creditors of C.V. Starr International Investment Management
Company Ltd. are required to file their proofs of debt by
December 31, 2009, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on November 23, 2009.

The company's liquidator is:

           Stuart Osborne
           c/o Bermuda Commercial Bank Building
           19 Par-la-Ville Road, 5th Floor
           Hamilton, HM 11, Bermuda


C.V. STARR: Member to Receive Wind-Up Report on January 6
---------------------------------------------------------
The member of C.V. Starr International Investment Management
Company Ltd. will receive on January 6, 2010, at 11:00 a.m., the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on November 23, 2009.

The company's liquidator is:

           Stuart Osborne
           c/o Bermuda Commercial Bank Building
           19 Par-la-Ville Road, 5th Floor
           Hamilton, HM 11, Bermuda


FRED OLSEN: Creditors' Proofs of Debt Due on December 4
-------------------------------------------------------
The creditors of Fred Olsen Express Ltd. are required to file
their proofs of debt by December 4, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 20, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


FRED OLSEN: Members' Final Meeting Set for December 22
------------------------------------------------------
The members of Fred Olsen Express Ltd. will hold their final
meeting on December 22, 2009, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on November 20, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


INTERINVEST (BERMUDA): Court to Hear Wind-Up Petition on Jan. 8
---------------------------------------------------------------
A petition to wind up the operations of Interinvest (Bermuda)
Limited will be heard before the Supreme Court of Bermuda on
January 8, 2009, at 9:30 a.m.

Regula Dobie filed the petition against the company on Sept. 24,
2009.

The Petitioner's solicitor is:

          Wakefield Quln
          Victoria Place 31 Victoria Street
          Hamilton HM 10


JUNGFRAU FUND: Creditors' Proofs of Debt Due on December 4
----------------------------------------------------------
The creditors of Jungfrau Fund Limited are required to file their
proofs of debt by December 4, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Beverly Mathias
          c/o Argonaut Limited
          Argonaut House, 5 Park Road
          Hamilton HM O9
          Bermuda


JUNGFRAU FUND: Members' Final Meeting Set for January 14
--------------------------------------------------------
The members of Jungfrau Fund Limited will hold their final meeting
on January 14, 2010, at 9:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Beverly Mathias
          c/o Argonaut Limited
          Argonaut House, 5 Park Road
          Hamilton HM O9
          Bermuda


OPTIMA MULTI-SECTOR: Creditors' Proofs of Debt Due on December 4
----------------------------------------------------------------
The creditors of The Optima Multi-Sector Fund Limited are required
to file their proofs of debt by December 4, 2009, to be included
in the company's dividend distribution.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


OPTIMA MULTI-SECTOR: Members' Final Meeting Set for December 23
---------------------------------------------------------------
The members of The Optima Multi-Sector Fund Limited will hold
their final meeting on December 23, 2009, at 9:30 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PEMBROKE B737-5001: Creditors' Proofs of Debt Due on December 4
---------------------------------------------------------------
The creditors of Pembroke B737-5001 are required to file their
proofs of debt by December 4, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PEMBROKE B737-5001: Members' Final Meeting Set for December 23
--------------------------------------------------------------
The members of Pembroke B737-5001 will hold their final meeting on
December 23, 2009, at 9:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PEMBROKE B737-7004: Creditors' Proofs of Debt Due on December 4
---------------------------------------------------------------
The creditors of Pembroke B737-7004 are required to file their
proofs of debt by December 4, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PEMBROKE B737-7004: Members' Final Meeting Set for December 23
--------------------------------------------------------------
The members of Pembroke B737-7004 will hold their final meeting on
December 23, 2009, at 9:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PEMBROKE B737-7005: Creditors' Proofs of Debt Due on December 4
---------------------------------------------------------------
The creditors of Pembroke B737-7005 are required to file their
proofs of debt by December 4, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PEMBROKE B737-7005: Members' Final Meeting Set for December 23
--------------------------------------------------------------
The members of Pembroke B737-7005 will hold their final meeting on
December 23, 2009, at 9:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PEMBROKE B737-7006: Creditors' Proofs of Debt Due on December 4
---------------------------------------------------------------
The creditors of Pembroke B737-7006 are required to file their
proofs of debt by December 4, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PEMBROKE B737-7006: Members' Final Meeting Set for December 23
--------------------------------------------------------------
The members of Pembroke B737-7006 will hold their final meeting on
December 23, 2009, at 9:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House, Church Street
          Hamilton, Bermuda


PLANET FUND: Creditors' Proofs of Debt Due on December 4
--------------------------------------------------------
The creditors of Planet Fund Limited are required to file their
proofs of debt by December 4, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Beverly Mathias
          c/o Argonaut Limited
          Argonaut House, 5 Park Road
          Hamilton HM O9
          Bermuda


PLANET FUND: Members' Final Meeting Set for January 14
------------------------------------------------------
The members of Planet Fund Limited will hold their final meeting
on January 14, 2010, at 9:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on November 19, 2009.

The company's liquidator is:

          Beverly Mathias
          c/o Argonaut Limited
          Argonaut House, 5 Park Road
          Hamilton HM O9
          Bermuda


===========
B R A Z I L
===========


TRANSAX INT'L: Net Loss Widens to US$1.9MM for 9Months to Sept. 30
------------------------------------------------------------------
Transax International Limited reported net income of US$1,781,821
for the three months ended September 30, 2009, from net income of
US$34,742 for the year ago period.  Transax reported wider net
loss of US$1,939,994 for the nine months ended September 30, 2009,
from a net loss of US$126,842 for the year ago period.

Revenues for the three months ended September 30, 2009, were
US$1,155,060 compared to US$1,774,551 for the year ago period.
Revenues for the nine months ended September 30, 2009, were
US$3,201,083 compared to US$4,986,507 for the year ago period.

At September 30, 2009, the Company had US$1,675,224 in total
assets against US$7,973,328 in total liabilities, resulting in
US$6,298,104 stockholders' deficit.

Since inception, the Company has incurred cumulative net losses of
US$16,350,071, and has a stockholders' deficit of US$6,298,104 and
a working capital deficit of US$6,837,573 at September 30, 2009.
Since inception, the Company has funded operations through short-
term borrowings and the proceeds from equity sales in order to
meet its strategic objectives.  The Company's future operations
are dependent upon external funding and its ability to increase
revenues and reduce expenses.

Management believes that sufficient funding will be available from
additional related party borrowings and private placements to meet
its business objectives, including anticipated cash needs for
working capital, for a reasonable period of time.  However, there
can be no assurance that the Company will be able to obtain
sufficient funds to continue the development of its software
products and distribution networks. Further, since fiscal 2000,
the Company has been deficient in the payment of Brazilian payroll
taxes and Social Security taxes.  At September 30, 2009 and
December 31, 2008, the deficiencies (including interest and
penalties) amounted to US$2,588,000 and US$1,180,000,
respectively.  This payroll liability is included as part of the
accounts payable and accrued expenses (short-term and long-term)
within the consolidated balance sheets.

On March 26, 2008, the Company executed a stock purchase and
option agreement with Engetech, Inc., a Turks & Caicos corporation
controlled and owned 20% by Americo de Castro, director and
President of Medlink Conectividade, and 80% by Flavio Gonzalez
Duarte or assignees.  In accordance with the terms and provisions
of the Agreement, the Company sold to the Buyer 45% of the total
issued and outstanding stock of its wholly owned subsidiary,
Transax Limited, which owns 100% of the total issued and
outstanding shares of (i) Medlink Conectividade, and (ii) Medlink
Technologies, Inc., a Mauritius corporation.  The Buyer had an
option to acquire the remaining 55%.

However, the Buyer has defaulted on payments and the Company is
renegotiating with the Buyer and its assignee to restructure the
contract.

At September 30, 2009, the Company cannot determine the outcome of
these negotiations.  If the negotiations are successful, the
Company may sell the remaining 55% of its operating subsidiary, at
which point the Company will have no continuing operations.  As a
result, there exists substantial doubt about the Company's ability
to continue as a going concern.

A full-text copy of the Company's quarterly report on Form 10-Q is
available at no charge at http://ResearchArchives.com/t/s?4af2

The Form 10-Q report was filed with the U.S. Securities and
Exchange Commission on November 24, eight days after Transax said
it would delay the filing of the report.  Transax had said it
requires additional time to review the financial statements from
its operating subsidiary in Brazil.

                    About Transax International

Transax International Limited, primarily through its 55% owned
subsidiary, Medlink Conectividade em Saude Ltda, is an
international provider of information network solutions
specifically designed for healthcare providers and health
insurance companies.  The Company's MedLink Solution enables the
real time automation of routine patient eligibility, verification,
authorizations, claims processing and payment functions.  The
Company has offices located in Plantation, Florida and Rio de
Janeiro, Brazil.  The Company currently trades on the OTC Bulletin
Board under the symbol "TNSX" and the Frankfurt and Berlin Stock
Exchanges under the symbol "TX6".


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


ACHILLES (CAYMAN): Shareholders Receive Wind-Up Report
------------------------------------------------------
On November 27, 2009, the shareholders of Achilles (Cayman)
Limited received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


ALPHEUS (CAYMAN): Shareholders Receive Wind-Up Report
-----------------------------------------------------
On November 27, 2009, the shareholders of Alpheus (Cayman) Limited
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


AMPSS 2007-5: Shareholders Receive Wind-Up Report
-------------------------------------------------
On November 27, 2009, the shareholders of AMPSS 2007-5 SPC
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers SPV Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


ANGLIC INVESTMENT: Shareholders to Hear Wind-Up Report on Jan. 13
-----------------------------------------------------------------
The shareholders of Anglic Investment Ltd. will receive, on
January 13, 2010, at 12:00 noon, the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          MBT Trustees Ltd.
          Telephone: 945-8859
          Facsimile: 949-9793/4
          P.O. Box 30622, Grand Cayman KY1-1203
          Cayman Islands


AOZORA CLO: Shareholders Receive Wind-Up Report
-----------------------------------------------
On November 27, 2009, the shareholders of Aozora CLO TMK Holdings
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


BLACK INVESTMENTS: Shareholders Receive Wind-Up Report
------------------------------------------------------
On November 27, 2009, the shareholders of Black Investments
(Cayman) Ltd received the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


BLUE RIDGE: Shareholders Receive Wind-Up Report
-----------------------------------------------
On November 26, 2009, the shareholders of Blue Ridge International
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Philip Mosely
          PO Box 1569, George Town
          Grand Cayman KY1-1110, Cayman Islands
          Telephone: 949 4018
          Facsimile: 949 7891
          email: general@caymanmanagement.ky


CAPTAIN (NO. 1): Shareholders Receive Wind-Up Report
----------------------------------------------------
On November 27, 2009, the shareholders of Captain (No. 1) Limited
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


CASTELLO INVESTMENT: Shareholders' Meeting Set for January 14
-------------------------------------------------------------
The shareholders of Castello Investment Ltd. will receive, on
January 14, 2010, at 12:00 noon, the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          MBT Trustees Ltd.
          Telephone: 945-8859
          Facsimile: 949-9793/4
          P.O. Box 30622, Grand Cayman KY1-1203
          Cayman Islands


EVERLEE INVESTMENTS: Members Receive Wind-Up Report
---------------------------------------------------
On November 16, 2009, the members of Everlee Investments Limited
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Buchanan Limited
          P.O. Box 1170, George Town, Grand Cayman


KINGSMEAD SPECIAL: Shareholders to Hear Wind-Up Report on Dec. 15
-----------------------------------------------------------------
The shareholders of Kingsmead Special Opportunities (U.S.) Fund
will receive, on December 15, 2009, at 10:30 a.m., the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Managementplus Limited
          c/o Nicole Ebanks
          Telephone: (345) 943 2295
          Facsimile: (345) 943 2294
          Grand Pavilion Commercial Centre
          1st Floor, 802 West Bay Road
          P.O. Box 31855, Grand Cayman KY1-1207


KINGSMEAD SPECIAL: Shareholders to Hear Wind-Up Report on Dec. 15
-----------------------------------------------------------------
The shareholders of Kingsmead Special Opportunities Fund will
receive, on December 15, 2009, at 11:00 a.m., the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Managementplus Limited
          c/o Nicole Ebanks
          Telephone: (345) 943 2295
          Facsimile: (345) 943 2294
          Grand Pavilion Commercial Centre
          1st Floor, 802 West Bay Road
          P.O. Box 31855, Grand Cayman KY1-1207


KINGSMEAD SPECIAL: Shareholders to Hear Wind-Up Report on Dec. 15
-----------------------------------------------------------------
The shareholders of Kingsmead Special Opportunities Master Fund
will receive, on December 15, 2009, at 10:00 a.m., the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Managementplus Limited
          c/o Nicole Ebanks
          Telephone: (345) 943 2295
          Facsimile: (345) 943 2294
          Grand Pavilion Commercial Centre
          1st Floor, 802 West Bay Road
          P.O. Box 31855, Grand Cayman KY1-1207


MUTUAL FUND: Shareholders Receive Wind-Up Report
------------------------------------------------
On December 2, 2009, the shareholders of Mutual Fund Basket
Reference Fund (1-H) Limited received the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Graham Robinson
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295
          P. O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands


MUTUAL FUND: Shareholders Receive Wind-Up Report
------------------------------------------------
On December 2, 2009, the shareholders of Mutual Fund Basket
Reference Fund (1-I) Limited received the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Graham Robinson
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295
          P. O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands


MUTUAL FUND: Shareholders Receive Wind-Up Report
------------------------------------------------
On December 2, 2009, the shareholders of Mutual Fund Basket
Reference Fund (1-J) Limited received the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Graham Robinson
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295
          P. O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands


MUTUAL FUND: Shareholders Receive Wind-Up Report
------------------------------------------------
On December 2, 2009, the shareholders of Mutual Fund Basket
Reference Fund (1-K) Limited received the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Graham Robinson
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295
          P. O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands


MUTUAL FUND: Shareholders Receive Wind-Up Report
------------------------------------------------
On December 2, 2009, the shareholders of Mutual Fund Basket
Reference Fund (1-L) Limited received the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Graham Robinson
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295
          P. O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands


MUTUAL FUND: Shareholders Receive Wind-Up Report
------------------------------------------------
On December 2, 2009, the shareholders of Mutual Fund Basket
Reference Fund (1-M) Limited received the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Graham Robinson
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295
          P. O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands


PAGIA INVESTMENTS: Shareholders Receive Wind-Up Report
------------------------------------------------------
On November 18, 2009, the shareholders of Pagia Investments
Limited received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Giannakis Ermogenous
          c/o Philip Sutcliffe
          Trident Trust Company (Cayman) Limited
          Telephone: (345) 949 0880
          Facsimile: (345) 949 0881
          P.O. Box 847, George Town
          Grand Cayman KY1-1103


PEPENE LTD: Shareholders to Hear Wind-Up Report on January 13
-------------------------------------------------------------
The shareholders of Pepene Ltd. will receive, on January 13, 2010,
at 12:00 noon, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          MBT Trustees Ltd.
          Telephone: 945-8859
          Facsimile: 949-9793/4
          P.O. Box 30622, Grand Cayman KY1-1203
          Cayman Islands


R.C.P. GENERAL: Shareholders Receive Wind-Up Report
---------------------------------------------------
On December 2, 2009, the shareholders of R.C.P. General Partner
Limited received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Graham Robinson
          Telephone: (345) 949-7576
          Facsimile: (345) 949-8295
          P. O. Box 897, One Capital Place, George Town
          Grand Cayman KY1-1103, Cayman Islands


RAB DIVERSIFIED: Shareholders Receive Wind-Up Report
----------------------------------------------------
On November 27, 2009, the shareholders of Rab Diversified
Commodities Fund Limited received the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

           Avalon Management Limited
           Landmark Square, 1st Floor
           64 Earth Close, West Bay Beach
           P.O. Box 715, Grand Cayman KY1-1107
           Cayman Islands
           Facsimile: 1 345 769-9351


REX FUNDING: Shareholders Receive Wind-Up Report
------------------------------------------------
On November 27, 2009, the shareholders of Rex Funding II Limited
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


SOLENT MULTI: Shareholders Receive Wind-Up Report
-------------------------------------------------
On November 16, 2009, the shareholders of The Solent Multi
Strategy Fund received the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Hugh Dickson
          c/o Peter Bigwood
          P.O. Box 1370, Grand Cayman KY1- 1108
          Cayman Islands
          Telephone: (345) 815 8242
          Facsimile: (345) 949 7120


SOLENT MULTI: Shareholders Receive Wind-Up Report
-------------------------------------------------
On November 16, 2009, the shareholders of The Solent Multi
Strategy General Partner received the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Hugh Dickson
          c/o Peter Bigwood
          P.O. Box 1370, Grand Cayman KY1- 1108
          Cayman Islands
          Telephone: (345) 815 8242
          Facsimile: (345) 949 7120


TE EAGLE: Shareholders Receive Wind-Up Report
---------------------------------------------
On November 27, 2009, the shareholders of Te Eagle Investors, Ltd.
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


TE EAGLE: Shareholders Receive Wind-Up Report
---------------------------------------------
On November 27, 2009, the shareholders of Te Eagle Portfolio, Ltd.
received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


TE GRAHAM: Shareholders Receive Wind-Up Report
----------------------------------------------
On November 27, 2009, the shareholders of Te Graham K4 Investors,
Ltd. received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


TE GRAHAM: Shareholders Receive Wind-Up Report
----------------------------------------------
On November 27, 2009, the shareholders of Te Graham K4 Portfolio,
Ltd. received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


========================================
T U R K S  &  C A I C O S  I S L A N D S
========================================


ENGETECH INC: In Default Under Purchase Deal with Transax
---------------------------------------------------------
Engetech, Inc., has defaulted on payments under a purchase
agreement with Transax International Limited.  In a regulatory
filing with the U.S. Securities and Exchange Commission, Transax
said it is renegotiating Engetech and its assignee to restructure
the contract.

On March 26, 2008, Transax executed a stock purchase and option
agreement with Engetech.  In accordance with the terms and
provisions of the Agreement, Transax sold to Engetech 45% of the
total issued and outstanding stock of its wholly owned subsidiary,
Transax Limited, which owns 100% of the total issued and
outstanding shares of (i) Medlink Conectividade, and (ii) Medlink
Technologies, Inc., a Mauritius corporation.  Engetech had an
option to acquire the remaining 55%.

Transax said at September 30, 2009, it cannot determine the
outcome of these negotiations.  If the negotiations are
successful, Transax said, it may sell the remaining 55% of its
operating subsidiary, at which point Transax will have no
continuing operations.  Transax said there exists substantial
doubt about its ability to continue as a going concern.

Transax has reported net income of US$1,781,821 for the three
months ended September 30, 2009, from net income of US$34,742 for
the year ago period.  Transax has reported wider net loss of
US$1,939,994 for the nine months ended September 30, 2009, from a
net loss of US$126,842 for the year ago period.

Revenues for the three months ended September 30, 2009, were
US$1,155,060 compared to US$1,774,551 for the year ago period.
Revenues for the nine months ended September 30, 2009, were
US$3,201,083 compared to US$4,986,507 for the year ago period.

At September 30, 2009, Transax had US$1,675,224 in total assets
against US$7,973,328 in total liabilities, resulting in
US$6,298,104 stockholders' deficit.

Since inception, Transax has incurred cumulative net losses of
US$16,350,071, and has a stockholders' deficit of US$6,298,104 and
a working capital deficit of US$6,837,573 at September 30, 2009.
Since inception, Transax has funded operations through short-term
borrowings and the proceeds from equity sales in order to meet its
strategic objectives.  Transax said its future operations are
dependent upon external funding and its ability to increase
revenues and reduce expenses.  Transax, however, said there can be
no assurance it will be able to obtain sufficient funds to
continue the development of its software products and distribution
networks.  Transax also noted since fiscal 2000, it has been
deficient in the payment of Brazilian payroll taxes and Social
Security taxes.  At September 30, 2009 and December 31, 2008, the
deficiencies (including interest and penalties) amounted to
US$2,588,000 and US$1,180,000, respectively.

                    About Transax International

Transax International Limited, primarily through its 55% owned
subsidiary, Medlink Conectividade em Saude Ltda, is an
international provider of information network solutions
specifically designed for healthcare providers and health
insurance companies.  The Company's MedLink Solution enables the
real time automation of routine patient eligibility, verification,
authorizations, claims processing and payment functions.  The
Company has offices located in Plantation, Florida and Rio de
Janeiro, Brazil.  The Company currently trades on the OTC Bulletin
Board under the symbol "TNSX" and the Frankfurt and Berlin Stock
Exchanges under the symbol "TX6".

                        About Engetech Inc.

Engetech, Inc., is a Turks & Caicos corporation controlled and
owned 20% by Americo de Castro, director and President of Medlink
Conectividade, and 80% by Flavio Gonzalez Duarte or assignees.


                            ***********

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, Marites O. Claro, Joy A. Agravente, Rousel Elaine C.
Tumanda, Valerie C. Udtuhan, Frauline S. Abangan, and Peter A.
Chapman, Editors.


Copyright 2009.  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 * * *