TCRLA_Public/100115.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

        Friday, January 15, 2010, Vol. 11, No. 010

                            Headlines



A R G E N T I N A

BATUM SA: Creditors' Proofs of Debt Due on February 23
BELLISOMI JOYEROS: Creditors' Proofs of Debt Due on February 23
SHANTIKUON SA: Creditors' Proofs of Debt Due on February 23
TRANSPORTE OT: Creditors' Proofs of Debt Due on March 30
* ARGENTINA: To Complete Swap in February, Ambito Says


B R A Z I L

BANCO INDUSTRIAL: Moody's Puts 'Ba1' Rating on US$275 Mil. Notes
CAMARGO CORREA: Mum on Possible Deal with Cimpor
COMPANHIA DE SANEAMENTO: To Invest US$1.03 Billion Through 2012
COMPANHIA SIDERURGICA: Acquires 9.4% Stake in Panatlantica SA
ULTRAPAR PARTICIPACOES: Plans to Invest US$474 Million in 2010


C A Y M A N  I S L A N D S

ABN AMRO: Shareholder Receives Wind-Up Report
AIB HOLDINGS: Shareholders Receive Wind-Up Report
ASGODIA CDO: Shareholders Receive Wind-Up Report
ATLANTIC MEDICAL: Members Receive Wind-Up Report
BT CAYMAN: Shareholders Receive Wind-Up Report

CASGODIA CDO: Shareholders Receive Wind-Up Report
CREDITCO (CAYMAN): Shareholders Receive Wind-Up Report
ENNISMORE VIGELAND: Shareholders Receive Wind-Up Report
FIRST QUADRANT: Shareholders Receive Wind-Up Report
GEOFLY 1997: Shareholders Receive Wind-Up Report

GHIR LIMITED: Shareholders Receive Wind-Up Report
GLOBAL ASCENT: Shareholder Receives Wind-Up Report
HENDERSON PAN: Shareholders Receive Wind-Up Report
HENDERSON PAN: Shareholders Receive Wind-Up Report
HENDERSON PAN: Shareholders Receive Wind-Up Report

JULIA CDO: Shareholders Receive Wind-Up Report
MARSHALL WACE: Shareholders to Receive Wind-Up Report on Jan. 28
MARSHALL WACE: 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
MW TOPS: Shareholders Receive Wind-Up Report
ORSILOCHUS (CAYMAN): Shareholders Receive Wind-Up Report
PALMETTO SYNTHETIC: Shareholders Receive Wind-Up Report
RAB-NORTHWEST: Shareholders Receive Wind-Up Report

RAB-NORTHWEST: Shareholders Receive Wind-Up Report
SEAMOUNT GLOBAL: Shareholders Receive Wind-Up Report
STONE TOWER: Shareholders Receive Wind-Up Report
STROME ALPHA: Shareholders Receive Wind-Up Report
UNITED GLOBAL: Shareholders Receive Wind-Up Report


H A I T I

DIGICEL GROUP: Continues to Provide Wireless Service in Haiti


J A M A I C A

AIR JAMAICA: Caribbean Airlines to Soon Own Airline
AIR JAMAICA: ICWI Chairman Dennis Lalor Leads New Board


M E X I C O

CEMEX SAB: Prices US$500 Million Reopening of 9.5% Notes Due 2016
GRUPO POSADAS: Uses HBSi's Channel Mng't and Connectivity Solution


V E N E Z U E L A

PETROLEOS DE VENEZUELA: Dominican Refinery Sale to Close Soon
PETROLEOS DE VENEZUELA: Adds Semi-Submersible in offshore Ops
PETROLEOS DE VENEZUELA: S&P Gives Stable Outlook; Keeps B+ Rating
* VENEZUELA: Chavez Says Oil Prices "Went Beyond All Expectations"




                         - - - - -


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


BATUM SA: Creditors' Proofs of Debt Due on February 23
------------------------------------------------------
The court-appointed trustee for Batum S.A.'s reorganization
proceedings, will be verifying creditors' proofs of claim until
February 23, 2010.

The trustee will present the validated claims in court as
individual reports on April 9, 2010.  The National Commercial
Court of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
May 21, 2010.

Creditors will vote to ratify the completed settlement plan
during the assembly on December 28, 2010.


BELLISOMI JOYEROS: Creditors' Proofs of Debt Due on February 23
---------------------------------------------------------------
The court-appointed trustee for Bellisomi Joyeros S.A.'s
reorganization proceedings, will be verifying creditors' proofs of
claim until February 23, 2010.

The trustee will present the validated claims in court as
individual reports on April 9, 2010.  The National Commercial
Court of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
May 21, 2010.

Creditors will vote to ratify the completed settlement plan
during the assembly on December 28, 2010.


SHANTIKUON SA: Creditors' Proofs of Debt Due on February 23
-----------------------------------------------------------
The court-appointed trustee for Shantikuon S.A.'s reorganization
proceedings, will be verifying creditors' proofs of claim until
February 23, 2010.

The trustee will present the validated claims in court as
individual reports on April 9, 2010.  The National Commercial
Court of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
May 21, 2010.

Creditors will vote to ratify the completed settlement plan
during the assembly on December 28, 2010.


TRANSPORTE OT: Creditors' Proofs of Debt Due on March 30
--------------------------------------------------------
The court-appointed trustee for Transporte O.T. S.R.L.'s
reorganization proceedings, will be verifying creditors' proofs of
claim until March 30, 2010.

The trustee will present the validated claims in court as
individual reports on May 12, 2010.  The National Commercial Court
of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
July 12, 2010.


* ARGENTINA: To Complete Swap in February, Ambito Says
------------------------------------------------------
Argentina will present an offer to holders of about US$20 billion
in defaulted debt and complete the restructuring next month,
Eliana Raszewski at Bloomberg News reports, citing newspaper
Ambito Financiero

According to the report, Economy Minister Amado Boudou told the
newspaper that the plan to swap bonds that weren't included in a
2005 restructuring continues amid a dispute between the government
and central bank President Martin Redrado over its proposal to use
reserves to pay debt this year.

Mr. Boudou, the report notes, said interest rates on the country's
debt will fall to "one digit."


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


BANCO INDUSTRIAL: Moody's Puts 'Ba1' Rating on US$275 Mil. Notes
----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 long-term foreign
currency debt rating to the US$275 million senior unsecured notes
issued by Banco Industrial e Comercial S/A.  The notes, due in
January 2013, were issued under the bank's existing US$1 billion
Global EURMedium-term Note Program.  The outlook on the rating is
stable.

Moody's noted that BICBANCO's foreign currency debt ratings remain
unconstrained by Brazil's foreign currency country ceiling for
bonds and notes.

The last rating action on BICBANCO was on September 22, 2009, when
Moody's upgraded the bank's long-term foreign currency deposit
rating to Ba1 from Ba2, following the upgrade of Brazil's ratings
and country ceilings.  All other ratings assigned to BICBANCO
remained unchanged.

BICBANCO is headquartered in Sao Paulo, Brazil, with assets
totaling BRL9.8 billion (US$ 5.5 billion) and equity of
BRL1.7 billion (US$971 million) as of September 30, 2009.

This rating was assigned to the US$275 million senior unsecured
notes due 2013:

* Ba1 long-term foreign currency debt rating, stable outlook.


CAMARGO CORREA: Mum on Possible Deal with Cimpor
------------------------------------------------
Kenneth Rapoza at Dow Jones Newswires reports that Camargo Correa
SA neither confirmed nor denied that a handful of top executives
were in Portugal to discuss a possible deal with Cimentos de
Portugal SA (Cimpor).  The report relates that an unnamed source
said that a deal could be reached soon and that another Brazilian
company was also bidding.

As reported in the Troubled Company Reporter-Latin America on
January 14, 2010, Bloomberg News said that Camargo Correa offered
to buy an unspecified stake in Cimpor-Cimentos de Portugal and
merge its Portuguese unit into the company to repel a rival
EUR3.86 billion (US$5.6 billion) offer from Cia. Siderurgica
Nacional.  According to the report, citing a regulatory filing,
Camargo Correa will hold a stake of between 15% and 25% for the
transaction to close, and will "necessarily" have a stake of less
than 50% in Cimpor.  The report relates that Camargo also agreed
to pay as much as EUR350 million to Cimpor's shareholders.

                       About Camargo Correa

Camargo Correa SA is one of the largest private industrial
conglomerates in Brazil.  The company is a holding company with
interests in cement, engineering and construction, textiles,
footwear and sportswear manufacturing.  It also owns non-
controlling equity interests in the energy, transportation
(highway concessions) and steel businesses.  During the last
12 months through June 2007, Camargo Correa had net sales of
BRL9.2 billion and EBITDA of BRL1.4 billion.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
November 26, 2009, Fitch Ratings currently rates Camargo and its
special-purpose vehicle CCSA Finance Limited:

-- Foreign currency Issuer Default Rating 'BB';
-- Local currency IDR 'BB';


COMPANHIA DE SANEAMENTO: To Invest US$1.03 Billion Through 2012
---------------------------------------------------------------
Rogerio Jelmayer at Dow Jones Newswires reports that the board of
Companhia de Saneamento do Parana (Sanepar) approved a plan to
invest BRL1.79 billion (US$1.03 billion) in the company's
operations through 2012.

According to the report, Sanepar will invest BRL504.4 million this
year, BRL683.9 million in 2011 and BRL599.6 million in 2012.

Headquartered in Curitiba, Brazil, Companhia de Saneamento do
Parana - Sanepar is majority owned and controlled by the
government of the State of Parana.  Sanepar provides water
treatment and distribution to 8.8 million consumers, and sewage
service to 5.2 million consumers in 344 municipalities in the
state of Parana and one municipality in the state of Santa
Catarina.  In the last 12 months ending March 31, 2009, SANEPAR
reported net earnings of BRL131 million (US$66 million) on
BRL1,301 million (US$656 million) in net revenues.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
July 27, 2009, Moody's confirmed the Ba3 local currency and A3.br
on the Brazilian National Scale rating for the existing BRL166
million unsecured debentures due 2012 issued by Companhia de
Saneamento do Parana - Sanepar but changed the outlook to
negative.  This concludes the review for possible downgrade that
was initiated on December 12, 2008.


COMPANHIA SIDERURGICA: Acquires 9.4% Stake in Panatlantica SA
-------------------------------------------------------------
Companhia Siderurgica Nacional has acquired a 9.4% stake in a
local flat rolled service center and re-roller Panatlantica SA,
Alibaba.com News reports.

According to the report, Panatlantica is located in the city of
Gravatai, in the country's southern Rio Grande do Sol state.

Headquartered Sao Paolo, Brazil, Companhia Siderurgica Nacional
S.A. (NYSE: SID) -- http://www.csn.com.br/-- produces, sells,
exports and distributes steel products, like hot-dip galvanized
sheets, tin mill products and tinplate.  The company also runs its
own iron ore, manganese, limestone and dolomite mines and has
strategic investments in railroad companies and power supply
projects.  The group also operates in Brazil, Portugal, and the
U.S.

                           *     *     *

As of January 12, 2010, the company continues to carry Moody's
Currency LT Debt ratings at Ba1.  The company also continues to
carry Standard and Poor's Issuer credit ratings at BB+.


ULTRAPAR PARTICIPACOES: Plans to Invest US$474 Million in 2010
--------------------------------------------------------------
Rogerio Jelmayer at Dow Jones Newswires reports that Ultrapar
Participacoes said that it is planning to invest BRL820 million
(US$474 million) in its operations in 2010.

According to the report, the company will invest BRL314 million in
its fuel distribution division called Ipiranga.  The report
relates that in the first nine months of 2009, Ultrapar invested a
total of BRL296 million.  However, the report notes, the company
hasn't yet unveiled the total amount invested in 2009.

Headquartered in Sao Paulo, Brazil, Ultrapar Participacoes S.A.
(NYSE: UGP) (BOVESPA: UGPA4) is a company with two main
operations: LPG distribution (through its fully-owned subsidiary
Ultragaz Participacoes Ltda.) and chemical production (through
its also fully-owned subsidiary Oxiteno S.A.).  A third smaller
but growing business is the transportation and storage of
chemicals and fuels, Ultracargo Operacoes Logisticas e
Participacoes Ltda., which completes Ultrapar's business
portfolio and reinforces the trend for further business
diversity in the long run.

                           *      *      *

As of October 19, the company continues to carry Moody's BB+ LT
Issuer Credit Ratings.


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


ABN AMRO: Shareholder Receives Wind-Up Report
---------------------------------------------
The sole shareholder of ABN AMRO Asset Management Investments
(Asia) Limited received, on December 23, 2009, the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Fides Limited
         c/o Ian Goddard
         Cereita Lawrence
         P.O. Box 10338, Grand Cayman, KY1 ?1003
         Telephone: 345-949-7232


AIB HOLDINGS: Shareholders Receive Wind-Up Report
-------------------------------------------------
The shareholders of AIB Holdings (Jersey) Limited received, on
December 23, 2009, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Mourant Cayman Liquidators, Ltd.
         Harbour Centre, Third Floor
         42 North Church Street, George Town
         P.O. Box 1348, Grand Cayman KY1-1108
         Cayman Islands


ASGODIA CDO: Shareholders Receive Wind-Up Report
------------------------------------------------
The shareholders of Asgodia CDO Limited received, on January 4,
2010, 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


ATLANTIC MEDICAL: Members Receive Wind-Up Report
------------------------------------------------
The members of Atlantic Medical Center Limited received, on
December 24, 2009, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Sam Kolawole
         c/o SME Manager Limited
         C & C Towers (8th Floor)
         Plot 1684 Sanusi Fafunwa Street
         Victoria Island, Lagos 100241, NIGERIA


BT CAYMAN: Shareholders Receive Wind-Up Report
----------------------------------------------
The shareholders of BT Cayman Income No. 2 Limited received, on
January 4, 2010, 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


CASGODIA CDO: Shareholders Receive Wind-Up Report
-------------------------------------------------
The shareholders of Casgodia CDO Limited received, on January 4,
2010, 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


CREDITCO (CAYMAN): Shareholders Receive Wind-Up Report
------------------------------------------------------
The shareholders of Creditco (Cayman) Ltd received, on January 4,
2010, 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


ENNISMORE VIGELAND: Shareholders Receive Wind-Up Report
-------------------------------------------------------
The shareholders of Ennismore Vigeland Fund Limited received, on
December 18, 2009, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Gordon I. Macrae
         c/o Barry Hunte/ Zolfo Cooper
         P.O. Box 1102, 4th Floor, Building 3
         Cayman Financial Centre
         Grand Cayman KY1-1102
         Telephone: +1 (345) 946-0081
         Facsimile: +1 (345) 946-0082
         e-mail: barry.hunte@zolfocooper.ky


FIRST QUADRANT: Shareholders Receive Wind-Up Report
---------------------------------------------------
The shareholders of First Quadrant Premier Fund, Ltd. received, on
December 23, 2009, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Mourant Cayman Liquidators, Ltd.
         Harbour Centre, Third Floor
         42 North Church Street, George Town
         P.O. Box 1348, Grand Cayman KY1-1108
         Cayman Islands


GEOFLY 1997: Shareholders Receive Wind-Up Report
------------------------------------------------
The shareholders of Geofly 1997 Limited received, on January 4,
2010, 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


GHIR LIMITED: Shareholders Receive Wind-Up Report
-------------------------------------------------
The shareholders of GHIR Limited received, on January 4, 2010, 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


GLOBAL ASCENT: Shareholder Receives Wind-Up Report
--------------------------------------------------
The shareholder of Global Ascent Funds Limited received, on
December 24, 2009, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Jonathan McLean
         Telephone: (345) 815 1805
         Facsimile: (345) 949-1986


HENDERSON PAN: Shareholders Receive Wind-Up Report
--------------------------------------------------
The shareholders of Henderson Pan European Active Engagement Fund
I Limited received, on December 29, 2009, the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KYI-1102


HENDERSON PAN: Shareholders Receive Wind-Up Report
--------------------------------------------------
The shareholders of Henderson Pan European Active Engagement Fund
II Limited received, on December 29, 2009, the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KYI-1102


HENDERSON PAN: Shareholders Receive Wind-Up Report
--------------------------------------------------
The shareholders of Henderson Pan European Active Engagement
Master Fund Limited received, on December 29, 2009, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman, KYI-1102


JULIA CDO: Shareholders Receive Wind-Up Report
----------------------------------------------
The shareholders of Julia CDO Limited received, on January 4,
2010, 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


MARSHALL WACE: Shareholders to Receive Wind-Up Report on Jan. 28
----------------------------------------------------------------
The shareholders of Marshall Wace European Emerging Markets Fund
Limited will receive on January 28, 2010, at 9:00 a.m., the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KYI-1102


MARSHALL WACE: Shareholders Receive Wind-Up Report
--------------------------------------------------
The shareholders of Marshall Wace Tops Trading J Limited received,
on December 21, 2009, the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman, KYI-1102


MUTUAL FUND: Shareholders Receive Wind-Up Report
------------------------------------------------
The shareholders of Mutual Fund Basket Reference Fund (8-A) Europe
Focus Limited received, on December 30, 2009, 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
------------------------------------------------
The shareholders of Mutual Fund Basket Reference Fund (8-B)
Pacific Focus Limited received, on December 30, 2009, 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
------------------------------------------------
The shareholders of Mutual Fund Basket Reference Fund (8-C) U.S.
Focus Limited received, on December 30, 2009, 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


MW TOPS: Shareholders Receive Wind-Up Report
--------------------------------------------
The shareholders of MW Tops K (Asia Ex-Japan) New Issues Limited
received, on December 21, 2009, the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman, KYI-1102


ORSILOCHUS (CAYMAN): Shareholders Receive Wind-Up Report
--------------------------------------------------------
The shareholders of Orsilochus (Cayman) Limited received, on
January 4, 2010, 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


PALMETTO SYNTHETIC: Shareholders Receive Wind-Up Report
-------------------------------------------------------
The shareholders of Palmetto Synthetic CDO Limited received, on
January 4, 2010, 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


RAB-NORTHWEST: Shareholders Receive Wind-Up Report
--------------------------------------------------
The shareholders of RAB-Northwest Cobra Fund Limited received, on
December 30, 2009, 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


RAB-NORTHWEST: Shareholders Receive Wind-Up Report
--------------------------------------------------
The shareholders of Rab-Northwest Cobra (Master) Fund Limited
received, on December 30, 2009, 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


SEAMOUNT GLOBAL: Shareholders Receive Wind-Up Report
----------------------------------------------------
The shareholders of Seamount Global Fund Limited received, on
January 4, 2010, 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


STONE TOWER: Shareholders Receive Wind-Up Report
------------------------------------------------
The shareholders of Stone Tower CDO IV Ltd received, on
December 14, 2009, 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


STROME ALPHA: Shareholders Receive Wind-Up Report
-------------------------------------------------
The shareholders of Strome Alpha Master Fund, Ltd. received, on
December 23, 2009, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Mourant Cayman Liquidators, Ltd.
         Harbour Centre, Third Floor
         42 North Church Street, George Town
         P.O. Box 1348, Grand Cayman KY1-1108
         Cayman Islands


UNITED GLOBAL: Shareholders Receive Wind-Up Report
--------------------------------------------------
The shareholders of United Global CDO2 II Limited received, on
January 4, 2010, 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


=========
H A I T I
=========


DIGICEL GROUP: Continues to Provide Wireless Service in Haiti
-------------------------------------------------------------
Digicel Group's network in Haiti is still providing domestic and
international phone service after a major earthquake devastated
the country, Ken Parks at Dow Jones Newswires reports.  "We've
lost one senior manager and we are trying to account for all of
our staff at the moment," Digicel Group Chairman and owner Denis
O'Brien told the news agency in a telephone interview.

According to the report, Mr. O'Brien said that Digicel Haiti's
main office in Port-au-Prince survived the quake, although it will
be several days before the company is able to determine the full
extent of damage to its telecommunications infrastructure.  The
company's engineers are trying to add capacity to the network to
address traffic congestion problems, he added.

                      About Digicel Group

Digicel Group -- http://www.digicelgroup.com-- is renowned for
competitive rates, unbeatable coverage, superior customer care, a
wide variety of products and services and state-of-the-art
handsets. By offering innovative wireless services and community
support, Digicel has become a leading brand across its 31 markets
worldwide.

Digicel is incorporated in Bermuda and now has operations in 31
markets worldwide. Its Caribbean and Central American markets
comprise Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda,
Bonaire, the British Virgin Islands, the Cayman Islands, Curacao,
Dominica, El Salvador, French Guiana, Grenada, Guadeloupe, Guyana,
Haiti, Honduras, Jamaica, Martinique, Panama, St Kitts & Nevis,
St. Lucia, St. Vincent & the Grenadines, Suriname, Trinidad &
Tobago and Turks & Caicos. The Caribbean company also has coverage
in St. Martin and St. Barths. Digicel Pacific comprises Fiji,
Papua New Guinea, Samoa, Tonga and Vanuatu.

                           *     *     *

As of June 25, the company continues to carry these low ratings
from Moody's:

   -- LT Corp Family Rating at B2
   -- Senior Undecured Debt Rating at Caa1
   -- probability of Default at B2


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


AIR JAMAICA: Caribbean Airlines to Soon Own Airline
---------------------------------------------------
Air Jamaica Limited will soon be acquired by Caribbean Airlines
despite some local opposition in Trinidad & Tobago, as Trinidad &
Tobago's state-owned airline is now apparently ready to take the
failing Air Jamaica off the Jamaican government's hands.

According to the report, unnamed sources said that divestment
talks say a final deal with the Trinidadians is almost complete,
with an agreement seeing Caribbean Airlines absorbing Air Jamaica
into its operations just days away from being signed.  The report
relates that it is understood that the Trinidadian government will
not pay any money but the Jamaican government will be getting a
stake in Caribbean Airlines.  Less than half of 1,200 workers to
keep their jobs, the report adds.

Under the pending agreement, RadioJamaica notes, the name "Air
Jamaica" which the Jamaica government was adamant be kept, will go
and so will most of the airline's staff.

The report says that the Bruce Golding administration is
considering setting aside US$27 billion in next year's budget to
tackle the costs that will come with the divestment of the
airline, including redundancy payments, overseas taxes and leases
for aircraft that will no longer be needed in a new structure.

                           About Air Jamaica

Headquartered in Kingston, Jamaica, Air Jamaica Limited --
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 in the Troubled Company Reporter-Latin America on
November 5, 2009, Standard & Poor's Ratings Services said that it
lowered its long-term corporate credit rating on Air Jamaica Ltd.
to 'CCC' from 'CCC+'.  The outlook is negative.


AIR JAMAICA: ICWI Chairman Dennis Lalor Leads New Board
-------------------------------------------------------
Businessman and chairman of the ICWI Group of Companies, Hon.
Dennis Lalor is leading a five-member board of directors of
national airline, Air Jamaica Limited, Jamaica Observer reports,
citing Finance Minister Audley Shaw.

According to the report, Mr. Lalor will lead the deliberations
with four other prominent Jamaicans, who have been charged to
"oversee the transitional arrangements and legacy issues
surrounding the divestment of the airline."  The report relates
that other members of the board are:

   -- Chris Berry, chairman of Mayberry Investments,
   -- Sancia Templer, president of Jamaica Trade & Invest,
   -- Dr. Wayne Henry, special advisor to the minister of
      finance, and
   -- Chris Zacca, special advisor to the Prime Minister.

The report says that the appointment of the new board, which
became effective on January 5, comes at the expiration of the
terms of the previous one.

                         About Air Jamaica

Headquartered in Kingston, Jamaica, Air Jamaica Limited --
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 in the Troubled Company Reporter-Latin America on
November 5, 2009, Standard & Poor's Ratings Services said that it
lowered its long-term corporate credit rating on Air Jamaica Ltd.
to 'CCC' from 'CCC+'.  The outlook is negative.


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


CEMEX SAB: Prices US$500 Million Reopening of 9.5% Notes Due 2016
-----------------------------------------------------------------
CEMEX, S.A.B. de C.V. disclosed the pricing of a US$500 million
reopening of its 9.5% notes due 2016, which were originally issued
on December 14, 2009 in the amount of US$1.250 billion.  The
additional US$500 million of notes will be issued at a price of
US$105.25 per US$100 principal amount plus accrued interest from
December 14, 2009 and will have a yield to maturity of 8.477%.

The closing of the offering is expected to occur on January 19,
2010, subject to satisfaction of customary closing conditions.

Of the net proceeds from the offering, US$411 million will be used
to prepay principal outstanding under CEMEX's Financing Agreement
completed on August 14, 2009.  The remaining proceeds will
increase cash balances and be used for general corporate purposes,
which may include additional repayments of indebtedness, including
indebtedness under the Financing Agreement.  This prepayment is
expected to result in accumulated prepayments under the Financing
Agreement in excess of the first financial milestone of US$4.8
billion, thereby allowing CEMEX to maintain the current applicable
margin under the Financing Agreement until at least December 2011.

The notes will share in the collateral pledged to the lenders
under the Financing Agreement and will be guaranteed by CEMEX and
the subsidiaries which have provided guarantees under the
Financing Agreement.

The Notes and the guarantees thereof have not been and will not be
registered under the Securities Act or any state securities laws,
and they may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act.

                          About Cemex SAB

CEMEX, S.A.B. de C.V. is a Mexican corporation, a holding company
of entities which main activities are oriented to the construction
industry, through the production, marketing, distribution and sale
of cement, ready-mix concrete, aggregates and other construction
materials.  CEMEX is a public stock corporation with variable
capital (S.A.B. de C.V.) organized under the laws of the United
Mexican States, or Mexico.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 19, 2009, Fitch Ratings has affirmed these ratings of
Cemex, S.A.B. de C.V.:

  -- Foreign currency Issuer Default Rating at 'B';

  -- Local currency IDR at 'B';

  -- Long-term national scale rating at 'BB-(mex)';

  -- MXN5 billion Certificados Bursatiles program at 'BB- (mex)';

  -- MXN30 billion Programa Dual Revolvente de Certificados
     Bursatiles program at 'BB-(mex)';

  -- Senior unsecured debt obligations at 'B+/RR3';

  -- Unsecured debt issued through the Certificados Bursatiles
     program at 'BB-(mex)';

  -- Short-term national scale rating at 'B (mex)';

  -- MXN2.5 billion short-term portion of Programa Dual Revolvente
     de Certificados Bursatiles program at 'B (mex)'.


GRUPO POSADAS: Uses HBSi's Channel Mng't and Connectivity Solution
------------------------------------------------------------------
HBSi has added Grupo Posadas to its network of hotel companies
that use HBSi's channel management and connectivity solution.
Based in Mexico City, Grupo Posadas is the largest Latin American
hotelier with 110 hotels including Live Aqua, Fiesta Americana
Grand, Caesar Park and Caesar Business brands.

Posadas will use HBSi's iDemand Gateway (TM), a solution that
entirely automates the connections between hotel inventory systems
and distribution outlets, such as Web sites, tour operators and
other wholesalers.  This fully automated process also eliminates
manual entry of faxed or e-mailed reservations from these
distributors, improving accuracy and reducing costs.

"Located in Latin America's most sought-after destinations, our
properties are favored by travelers from around the world;
therefore, it is important for Posadas to be available through
many Web sites and distributors," said Guillermo Fernandez,
Commercial Director for Posadas.  "Now with HBSi, we have
simplified our connectivity while simultaneously expanding it even
further to HBSi's demand partners," Fernandez added.

"With an expansive portfolio that spans across Latin America,
Posadas is a significant expansion for HBSi in that market," said
HBSi COO Greg Berman.  "Additionally, by connecting to Grupo
Posadas' AltiusPAR reservation system, HBSi now can implement our
solution for other AltiusPAR users quickly and efficiently."

                            About HBSi

HBSi, an IBS Group company, works with both hotel companies and
distribution outlets to provide a flexible and affordable channel
management and connectivity platform.  HBSi focuses on speed to
market, direct connections and improved distribution management,
as well as software integration services.  HBSi's hotel customers
include Elite Island Resorts, Fairmont, Harrah's, Kerzner,
Raffles, Sandals and SuperClubs.

                             About IBS

The IBS Group provides new-generation IT solutions to the global
Travel, Transportation and Logistics industry.  A specialist in
the domain, IBS offers business consultancy that helps customers
enhance revenue and market share, reduce cost of operations and
manage growth profitably. IBS solutions manage the mission-
critical operations of major airlines, airports, oil and gas
companies, seaports, cruise lines and tour operators world-wide.
IBS is SEI CMMI Level-5 and PCMM Level 5 assessed, ISO 9001:2008,
TickIT and ISO 27001:2005 certified, and operates out of twelve
business centers in the Americas, Europe, Asia-Pacific, the
Middle-East and Africa.

                        About Grupo Posadas

Headquartered in Mexico City, Grupo Posadas, S.A.B. de C.V., is a
leading hotel chain operator in Latin America, with MXN7.05
billion (USD580 million) in revenues for the 12 months ended
March 31, 2009, and 109 hotels and 19,653 rooms in operation.
Posadas derives most of its revenues from Mexico, where it
operates its key 5 and 4-star Fiesta Americana and Fiesta Inn
formats, a 3-star format ("One") and its Vacation Club timeshare
business.  The company also operates hotels in Brazil, Argentina
and Chile under its Caesar Park and Caesar Business brands and has
a small operation in Texas.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
January 8, 2010, Standard & Poor's Ratings Services said that it
assigned its 'B+' senior unsecured debt rating to Mexican hotel
chain owner/operator  Grupo Posadas S.A.B. de C.V.'s
(B+/Negative/--) new US$200 million, five-year debt issue.  The
recovery rating is '4'.  The proceeds of the notes will be used
mainly to refinance significant maturities that the company faces
throughout 2010.


=================
V E N E Z U E L A
=================


PETROLEOS DE VENEZUELA: Dominican Refinery Sale to Close Soon
-------------------------------------------------------------
Dominican Republic Treasury Minister Vicente Bengoa said that the
sale of a 49% stake in the country's only refinery REFIDOMSA, to
Venezuelan par PDVSA would be finalized no later than next week.

According to the report, the signing of the contract was scheduled
in the country for yearend, but situation unforeseen by PDVSA
authorities and because of the last summit of the countries
grouped in regional organism ALBA, spearheaded by Venezuela, made
that date impossible.

"If Venezuela's Energy minister Rafael Ramirez can't come to
Dominican Republic to sign the contract to sell 49% of REFIDOMSA's
shares to the Venezuelan company in the next few days, then we in
representation of the Dominican State, will go to Venezuela next
week to leave that topic settled," Mr. Bengoa stressed, noting
that the Dominican Government will get US$131.5 million for the
49% refinery stake.

                           About PDVSA

Petroleos de Venezuela -- http://www.pdvsa.com/-- is Venezuela's
state oil company in charge of the development of the petroleum,
petrochemical, and coal industry, as well as planning,
coordinating, supervising, and controlling the operational
activities of its divisions, both in Venezuela and abroad.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
July 3, 2009, Fitch Ratings assigned a 'B+/RR4' rating to
Petroleos de Venezuela S.A.'s proposed US$3 billion zero coupon
notes due in 2011.  These notes will be registered at Euroclear
or Clearstream.  Proceeds from the issuance are expected to be
used to fund capital expenditures and for other general corporate
purposes.  Fitch also has these ratings on PDVSA:

  -- Foreign currency Issuer Default Rating 'B+'
  -- Local currency IDR 'B+'
  -- US$3 billion outstanding senior notes (due 2017) 'B+/RR4'
  -- US$3.5 billion outstanding senior notes (due 2027) 'B+/RR4'
  -- US$1.5 billion outstanding senior notes (due 2037) 'B+/R


PETROLEOS DE VENEZUELA: Adds Semi-Submersible in offshore Ops
-------------------------------------------------------------
Petroleos de Venezuela Offshore Exploration and Production, in
continuing its commitment to bolster development of Sucre state
and the country, took to the Paria coast the Aban Pearl semi-
submersible, which will form part of the fleet of drilling
equipments of eight wells in Dragon Field and eight wells in Patao
Field, forecasted for the first stage of the Mariscal Sucre
Project (PMS).

The drilling unit from Singapore will help build the wells to
start developing the hydrocarbon potential in Venezuelan offshore
oilfields, through the daily production of 600 cubic feet of gas,
envisaged in the first stage of the Mariscal Sucre Project.  The
move will make history in the development of hydrocarbon deposits
offshore Venezuela.

In times of global crisis and increasing unemployment rates
worldwide as a result of the collapse of the capitalist system,
the Venezuelan government provides its people with sound
employment sources.  A total of 109 Sucre residents have been
included in the payroll of the oil industry through the Employment
Democratization System (SISDEM).  They will work as drillers,
derrick men, floor-men, drill workers, welders, crane operators,
electricians and painters.

The drilling unit has mooring of eight anchors; 3,000 HP; quarters
for 98 persons, and drilling depth of up to 25,000 feet.

The drilling unit will be used for offshore operations under the
Simon Bolivar National Development Plan, implemented by the New
PDVSA to make Venezuela a world energy superpower.

In this way, the New PDVSA fosters the Oil Sowing Plan and
complies with the country's gas development, fulfilling its
commitment to supply gas to the people.

                           About PDVSA

Petroleos de Venezuela -- http://www.pdvsa.com/-- is Venezuela's
state oil company in charge of the development of the petroleum,
petrochemical, and coal industry, as well as planning,
coordinating, supervising, and controlling the operational
activities of its divisions, both in Venezuela and abroad.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
July 3, 2009, Fitch Ratings assigned a 'B+/RR4' rating to
Petroleos de Venezuela S.A.'s proposed US$3 billion zero coupon
notes due in 2011.  These notes will be registered at Euroclear
or Clearstream.  Proceeds from the issuance are expected to be
used to fund capital expenditures and for other general corporate
purposes.  Fitch also has these ratings on PDVSA:

  -- Foreign currency Issuer Default Rating 'B+'
  -- Local currency IDR 'B+'
  -- US$3 billion outstanding senior notes (due 2017) 'B+/RR4'
  -- US$3.5 billion outstanding senior notes (due 2027) 'B+/RR4'
  -- US$1.5 billion outstanding senior notes (due 2037) 'B+/R


PETROLEOS DE VENEZUELA: S&P Gives Stable Outlook; Keeps B+ Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it has revised its
outlook on Venezuelan state-owned oil company Petroleos de
Venezuela S.A. to stable from negative.  At the same time, S&P has
affirmed its 'B+' corporate credit rating on PDVSA.

The outlook revision follows the Jan. 11, 2010, outlook change on
the Bolivarian Republic of Venezuela (BB-/Stable/B) to stable from
negative.

The 'B+' rating on PDVSA, which is one notch lower than that on
its owner, the government of Venezuela, reflects S&P's opinion
that there is an "extremely high" likelihood that the country
would provide timely and sufficient extraordinary support to PDVSA
in the event of financial distress.  S&P assess the stand-alone
credit profile (SACP) of PDVSA in the 'B' area.

"The one-notch differential between the issuer and the sovereign
rating on Venezuela reflects PDVSA's weaker stand-alone credit
quality due to its tighter liquidity, more aggressive financial
policy, and continued delays in the release of its financial
information," said Standard & Poor's credit analyst Carolina
Duran.  "It also reflects S&P's view that the company could
prioritize transfers to the government before debt payments in a
distressed scenario."

PDVSA's financial performance during the 12 months ended June 30,
2009, deteriorated, mostly as a result of lower oil prices, but
remains strong for its rating category.

The company's financial measures for year-end 2009 are still
uncertain.  They should improve through more favorable pricing
during second-half 2009 but deteriorate from the issuance of about
US$6 billion in local bonds during the period.

In S&P's opinion, PDVSA's liquidity remains tight.

"S&P expects the company to be free cash flow negative over the
next few years, given the ongoing large, government-directed
social expenditures," added Ms. Duran.  "Based on S&P's experience
with other national oil companies that carry a similar burden,
it's S&P's opinion that reductions in social and government
transfers are difficult to implement."

The stable outlook reflects S&P's view that PDVSA's liquidity and
relationship with the government will not change significantly in
the next two to three years.  Greater weakness in PDVSA's
liquidity and/or a negative rating action on Venezuela may lead to
a negative rating action on the company.  A positive rating action
could result from a positive rating action on Venezuela.


* VENEZUELA: Chavez Says Oil Prices "Went Beyond All Expectations"
------------------------------------------------------------------
Venezuelan oil prices quickly recovered over the past few months
to US$57 per barrel on average, two points better than expected,
Head of State Hugo Chavez said when submitting to the country oil
prices behavior during the four quarters of 2009.

In his End of Year Address to the Nation at the Miraflores
presidential palace, the president explained that in the first
quarter of 2009, oil prices averaged US$38.6; the second quarter,
US$54.53; the third quarter, US$64.30, and the fourth quarter,
US$68.8.

President Chavez announced that 2010 would begin with the
Venezuelan oil barrel at US$70.  The price will be backed by
renewed efforts to stabilize the market.

According to the Head of State, the oil price recovery  was due,
among others, to the output cut implemented by the Organization of
Petroleum Exporting Countries (OPEC); Venezuela's support to the
OPEC decisions, and superb relations with Russia.

President Chavez availed himself of the opportunity to
congratulate oil-sector workers and Minister of the People's Power
for Energy and Petroleum and PDVSA President Rafael Ramírez, for
their mission accomplished in 2009 both in the oil and gas fields
and food sovereignty through PDVAL.

                           *     *     *

According to Moody's Investors Service, Venezuela continues to
carry a B2 foreign currency rating and a B1 local currency rating
with stable outlook.


                            ***********

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 2010.  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
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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,
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           * * * End of Transmission * * *