TCRLA_Public/100331.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, March 31, 2010, Vol. 11, No. 063

                            Headlines



A R G E N T I N A

AVALON INVESTMENTS: Creditors' Proofs of Debt Due on June 22
PAPETEX SRL: Creditors' Proofs of Debt Due on May 31
PRONTO RED: Creditors' Proofs of Debt Due on May 27
SEIMA CONSULTORES: Creditors' Proofs of Debt Due on June 16
* ARGENTINA: Buenos Aires City Sells US$475 Million 5-Year Bonds

* ARGENTINA: S&P Assigns 'B-' Rating on Buenos Aires Notes


B E R M U D A

EFG SELECT: Creditors' Proofs of Debt Due on April 16
EMERALD STRATEGIC: Creditors' Proofs of Debt Due on April 16


B R A Z I L

GOL LINHAS: Launches New Fare Category Structure
MARFRIG ALIMENTOS: Solicits Consents of 2016 Notes
* BRAZIL: Economists Forecast 2010 CPI at 5.16% vs. 5.1%


C A Y M A N  I S L A N D S

BAYBERRY FUNDING: Creditors' Proofs of Debt Due on April 15
BTG BROCADE: Creditors' Proofs of Debt Due on May 3
CAM INTERNATIONAL: Creditors' Proofs of Debt Due on April 15
CRESCENDO (I): Shareholders' Final Meeting Set for April 27
CYAN OPPORTUNITIES: Creditors' Proofs of Debt Due on April 15

CYAN OPPORTUNITIES: Creditors' Proofs of Debt Due on April 15
DBCC DEAL: Shareholders' Final Meeting Set for April 16
ELGIN OPPORTUNITIES: Shareholders' Final Meeting Set for April 16
ELGIN OPPORTUNITIES: Shareholders' Final Meeting Set for April 16
EURO ONE: Shareholders' Final Meeting Set for April 15

FOUNTAIN AIR: Creditors' Proofs of Debt Due on April 15
FREESIA IAM: Shareholders' Final Meeting Set for April 27
HOME WORLD: Shareholders to Hear Wind-Up Report on April 6
INCORP SERVICES: Shareholders Receive Wind-Up Report
INVESTCORP MARKET: Shareholders' Final Meeting Set for April 27

KGR CAPITAL: Creditors' Proofs of Debt Due on April 15
LARR INVESTMENTS: Creditors' Proofs of Debt Due on April 14
LENTIKIA CAYMAN: Creditors' Proofs of Debt Due on May 3
MAISON CAPITAL: Creditors' Proofs of Debt Due on April 15
MEL ENTERPRISES: Shareholders to Hear Wind-Up Report on April 15

MELLON BRAZILL: Shareholder to Receive Wind-Up Report on April 14
NOMINEE LIMITED: Creditors' Proofs of Debt Due on April 12
PURPLE LIMITED: Shareholder to Receive Wind-Up Report on April 16
RADIX INVESTMENT: Shareholders to Hear Wind-Up Report on March 31
SAPPHIRE FAMILY: Shareholders Receive Wind-Up Report

SPIRIT ASIA: Shareholder to Receive Wind-Up Report on April 15
SPIRIT MACRO: Shareholder to Receive Wind-Up Report on April 15
WAH AND: Creditors' Proofs of Debt Due on April 15
WEDNESDAY INVESTMENTS: Shareholders Receive Wind-Up Report
YONTOSHI CLO: Shareholders' Final Meeting Set for April 16


D O M I N I C A N  R E P U B L I C

* DOMINICAN REP: Free Zone Firms Seek Ways Out of Economic Rut
* DOMINICAN REP: President Signs Off on US$1.0 Billion Bonds


M E X I C O

DESARROLLADORA HOMEX: Signs Non-Exclusive MOU JV with Puravankara


P E R U

DOE RUN: To Meet with Union to Settle Cobriza Copper Mine Strike


T R I N I D A D  &  T O B A G O

DELTA AIRLINES: To Exit Trinidad & Tobago


V E N E Z U E L A

PETROLEOS DE VENEZUELA: Cardon Refinery Ops to Resume in Soon
PETROLEOS DE VENEZUELA: President Decrees Creation of Russian JV




                         - - - - -


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


AVALON INVESTMENTS: Creditors' Proofs of Debt Due on June 22
------------------------------------------------------------
Donato Antonio Saturno, the court-appointed trustee for Avalon
Investments SRL's bankruptcy proceedings, will be verifying
creditors' proofs of claim until June 22, 2008.

Mr. Saturno 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. 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:

         Donato Antonio Saturno
         B. de Irigoyen 330
         Argentina


PAPETEX SRL: Creditors' Proofs of Debt Due on May 31
----------------------------------------------------
Carlos Enrique Wulff, the court-appointed trustee for Papetex
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until May 31, 2010.

Mr. Wulff will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 14
in Buenos Aires, with the assistance of Clerk No. 28, 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:

         Carlos Enrique Wulff
         Virrey del Pino 2354
         Argentina


PRONTO RED: Creditors' Proofs of Debt Due on May 27
---------------------------------------------------
Hector Jorge Garcia, the court-appointed trustee for Pronto Red
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until May 27, 2010.

Mr. Garcia will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 26 in Buenos Aires, with the assistance of Clerk
No. 541, 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:

         Hector Jorge Garcia
         Uruguay 572


SEIMA CONSULTORES: Creditors' Proofs of Debt Due on June 16
-----------------------------------------------------------
Nestor L. Zegas, the court-appointed trustee for Seima Consultores
Asociados SRL's bankruptcy proceedings, will be verifying
creditors' proofs of claim until June 16, 2010.

Mr. Zegas will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 6 in
Buenos Aires, with the assistance of Clerk No. 11, 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:

         Nestor L. Zegas
         Tte. Gral. Juan D. Peron 1493
         Argentina


* ARGENTINA: Buenos Aires City Sells US$475 Million 5-Year Bonds
----------------------------------------------------------------
Veronica Navarro Espinosa and Drew Benson at Bloomberg News report
that Buenos Aires, Argentina's biggest city, sold US$475 million
of bonds, tapping international debt markets before the federal
government completes a restructuring of defaulted debt.  The city
sold the five-year bonds to yield 12.5%, according to Bloomberg
data.

According to the report, Buenos Aires issued debt as Argentina
nears an agreement with creditors to swap US$20 billion of
defaulted debt kept out of a 2005 restructuring.  The report
relates that a settlement will pave the way for Argentina to sell
bonds abroad for the first time since its 2001 default and drive
down borrowing costs for the country's issuers, according to RBS
Securities Inc.

"With the Argentine sovereign exchange coming in the relatively
near future, we're kind of surprised that they are coming ahead of
that deal," the report quoted David Bessey, who manages more than
US$10 billon of emerging-market debt at Prudential Financial in
Newark, New Jersey, as saying.

Bloomberg News notes that the city returned to international debt
markets after issuing in December US$50 million of 12.5% bonds due
2014.  The report relates Public Credit Director Abel Fernandez
said at the time the city planned to sell another US$180 million
of the notes this year once yields dropped after the federal
government reached an agreement with creditors.

"The decisions of the City of Buenos Aires are independent of what
the federal government does," Mr. Fernandez told the news agency
in a telephone interview.  "We are financially, economically and
politically independent," he added.

An unnamed source told Bloomberg News that Credit Suisse Group AG
arranged the city's bond sale.

                           *     *     *

Buenos Aires currently carries a foreign-currency debt rating of
B2 from Moody's Investors Service.  Standard & Poor's rates the
city's bond B-.


* ARGENTINA: S&P Assigns 'B-' Rating on Buenos Aires Notes
----------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B-'
rating to the up to $500 million in senior unsecured notes issued
by the City of Buenos Aires (B-/Stable/--).

The amortizing notes come due in 2015 and, pursuant to the City of
Buenos Aires' medium-term note program (series 8), are to be
denominated in U.S. dollars.  The proceeds are to be used to fully
or partially fund the expansion of the city's subway system and to
make a variety of other infrastructure investments.

S&P's 'B-' issuer credit rating on the City of Buenos Aires is
constrained by the high risk inherent to Argentina.

"Negative factors in the local context include high inflation, a
low level of investment, and the unpredictability of economic
policies in the country," said Standard & Poor's credit analyst
Delfina Cavanagh.

"Nonetheless, several factors support S&P's ratings on the city,"
she added.  "Buenos Aires has greater revenue flexibility than
other local governments in Argentina, low debt and an adequate
amortization profile, financial flexibility, and a relatively
wealthy economy."

Pro forma for the $500 million notes issue, the total city debt is
Argentine pesos 4.5 billion ($1.2 billion), a still low, 25% of
the city's 2010 estimated operating revenue.  Standard & Poor's
does not see this additional debt as a factor in the deterioration
of the city's financial profile and believes that its low debt
will continue to support the rating.

The stable outlook on the global scale ratings on the City of
Buenos Aires incorporates S&P's expectation that conservative
management and low debt will continue to provide fiscal
flexibility over the next two to three years.  Therefore, S&P
expects the city to be able to manage its increasing expenditures
in a manner consistent with the ratings.

Greater fiscal slippage resulting from unsustainable increases in
the city's expenditures could prompt us to lower the rating.

S&P could raise the ratings on the City of Buenos Aires if S&P
raise its sovereign rating on the Republic of Argentina (B-
/Stable/B).

                           Ratings List

                      Buenos Aires (City of)

       Corporate Credit Rating                B-/Stable/--

                            New Rating

             $500 mil sr unsecd notes due 2015      B-


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


EFG SELECT: Creditors' Proofs of Debt Due on April 16
-----------------------------------------------------
The creditors of EFG Select Funds Limited are required to file
their proofs of debt by April 16, 2010, to be included in the
company's dividend distribution.

For questions as to the procedure, please contact Tom White
(thomaswhite@kpmg.bm, tel: +1 441 295 5063).


EMERALD STRATEGIC: Creditors' Proofs of Debt Due on April 16
------------------------------------------------------------
The creditors of Emerald Strategic Focus Funds Limited also known
as the Strategic Growth Fund are required to file their proofs of
debt by April 16, 2010, to be included in the company's dividend
distribution.

For questions as to the procedure, please contact Tom White
(thomaswhite@kpmg.bm, tel: +1 441 295 5063).


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


GOL LINHAS: Launches New Fare Category Structure
------------------------------------------------
GOL Linhas Aereas Inteligentes S.A. launched a new fare category
structure.  The change, the result of a passenger behavior survey,
has simplified fare categories to make them more accessible and
easier to understand.  The main characteristics of the new
categories are Comfort Fare, Flexible Fare, Scheduled Fare, and
Promotional Fare.

The makeover is just one of many GOL initiatives designed to
simplify passengers' flying experience. "We are personalizing our
services in line with the needs of each client profile, offering
more benefits at a lower price," declared Marcelo Bento, GOL's
Head of Yield and Alliances.

The Company has been investing in services and products that
facilitate access to air travel, attracting more passengers,
thanks to rigorous safety standards, low costs, high-quality
customer service and innovation.

                         About GOL Linhas

Based in Sao Paulo, Brazil, GOL Intelligent Airlines aka GOL
Linhas Areas Inteligentes S.A. -- http://www.voegol.com.br/--
through its subsidiary, GOL Transportes Aereos S.A., provides
airline services in Brazil, Argentina, Bolivia, Uruguay, and
Paraguay.  The company's services include passenger, cargo, and
charter services.  As of March 20, 2006, Gol Linhas provided 440
daily flights to 49 destinations and operated a fleet of 45 Boeing
737 aircraft.  The company was founded in 2001.

                           *     *     *

As of March 8, 2010, the company continues to carry Fitch Ratings
"B" long-term issuer default ratings.  The company also continues
to carry Moody's B1 LT Corp Family rating.


MARFRIG ALIMENTOS: Solicits Consents of 2016 Notes
--------------------------------------------------
Marfrig Overseas Limited and Marfrig Alimentos S.A. solicited
consents, upon the terms and subject to the conditions set forth
in the Consent Solicitation Statement dated March 16, 2010 and in
the related Consent Letter, from the holders of the Issuer's
US$375,000,000 9.625% Senior Notes due 2016, guaranteed by
Marfrig, to (i) amend certain of the restrictive covenants and
definitions relating thereto of the indenture, dated as of
November 16, 2006, among the Issuer, Marfrig and The Bank of New
York Mellon, governing the Notes and (ii) waive any past non-
compliance by the Issuer, Marfrig and its restricted subsidiaries
with certain covenants under the Indenture that would otherwise be
permitted by the Proposed Amendments.

The Issuer has been advised that, as of 5:00 p.m., New York City
time, on March 25, 2010, of the US$375,000,000 in aggregate
principal amount of Notes outstanding, more than the majority of
the outstanding Notes, had been validly tendered and not validly
withdrawn pursuant to the Consent Solicitation.

Accordingly, the Issuer has received the required consents to
execute a supplemental indenture to the Indenture, pursuant to
which the Notes were issued, implementing the Proposed Amendments
and Waiver relating to the Notes as described in the Consent
Solicitation Statement.  The Issuer, Marfrig, Uniao Frederiquense
Participacoes Ltda., Marfrig Holdings (Europe) BV, Seara Alimentos
S.A. and the Trustee have executed the Supplemental Indenture and
the Proposed Amendments and Waiver will become operative on the
date that all Consent Fees have been paid.  Since the Effective
Time has occurred, Holders may not validly revoke their Consents.
The Issuer intends to pay the Consent Fees to the holders of Notes
that validly delivered their Consent Letters and granted their
Consents on or about Thursday, April 1, 2010.

                    About Marfrig Alimentos

Brazil-based Marfrig Alimentos SA (formerly known as Marfrig
Frigoroficos e Comercio de Alimentos) processes beef, pork, lamb,
and poultry; and produces frozen vegetables, canned meats, fish,
ready meals, and pasta.  The company operates in Southern America,
the united states, and Europe.

                           *     *     *

As of August 13, 2009, the company continues to carry these low
ratings from the major rating agencies:

   -- Moody's "B1" LT Corp Family Rating;
   -- Standard and Poor's "B+" LT Foreign Issuer Credit
      rating; and
   -- Fitch ratings' "B+" LT Issuer Credit ratings


* BRAZIL: Economists Forecast 2010 CPI at 5.16% vs. 5.1%
--------------------------------------------------------
Brazilian inflation will quicken to 5.16% in 2010, up from a week-
earlier forecast of 5.1%, Andre Soliani at Bloomberg News reports,
the median forecast in a March 26 central bank survey of about 100
economists.

According to the report, the survey said that economists expect
policy makers to raise the benchmark interest rate to 9.25% next
month from a record low 8.75% in an attempt to rein in consumer
prices.

                           *     *     *

Brazil continues to carry Moody's Rating Agency's "Ba1" local and
foreign currency ratings.


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


BAYBERRY FUNDING: Creditors' Proofs of Debt Due on April 15
-----------------------------------------------------------
The creditors of Bayberry Funding, Ltd. are required to file their
proofs of debt by April 15, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on February 23,
2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102, Cayman Islands


BTG BROCADE: Creditors' Proofs of Debt Due on May 3
---------------------------------------------------
The creditors of BTG Brocade Macro Fund Limited are required to
file their proofs of debt by May 3, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on March 2, 2010.

The company's liquidator is:

         Keith Blake
         PO Box 493, Grand Cayman KY1-1106
         Cayman Islands
         c/o Ann Smith
         Telephone: 345-914-4383
         Facsimile: 345-949-7164
         P.O. Box 493, Grand Cayman KY1-1106
         Cayman Islands
         Telephone: 345-949-4800
         Facsimile: 345-949-7164


CAM INTERNATIONAL: Creditors' Proofs of Debt Due on April 15
------------------------------------------------------------
The creditors of Cam International are required to file their
proofs of debt by April 15, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on February 19,
2010.

The company's liquidator is:

         Victor Murray
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102, Cayman Islands


CRESCENDO (I): Shareholders' Final Meeting Set for April 27
-----------------------------------------------------------
The shareholders of Crescendo (I) IAM Limited will hold their
final meeting on April 27, 2010, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Paget-Brown Trust Company Ltd.
         c/o Bonnie Willkom
         Telephone: (345)-949-5122
         Facsimile: (345)-949-7920
         P.O. Box 1111, Grand Cayman KY1-1102
         Cayman Islands


CYAN OPPORTUNITIES: Creditors' Proofs of Debt Due on April 15
-------------------------------------------------------------
The creditors of Cyan Opportunities, Ltd. are required to file
their proofs of debt by April 15, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on March 1, 2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102, Cayman Islands


CYAN OPPORTUNITIES: Creditors' Proofs of Debt Due on April 15
-------------------------------------------------------------
The creditors of Cyan Opportunities Fund, Ltd. are required to
file their proofs of debt by April 15, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on March 1, 2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102, Cayman Islands


DBCC DEAL: Shareholders' Final Meeting Set for April 16
-------------------------------------------------------
The shareholders of DBCC Deal Limited will hold their final
meeting on April 16, 2010, at 8:45 a.m., to receive 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


ELGIN OPPORTUNITIES: Shareholders' Final Meeting Set for April 16
-----------------------------------------------------------------
The shareholders of Elgin Opportunities Fund will hold their final
meeting on April 16, 2010, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         K.D. Blake
         c/o Lauren Christie
         Telephone: 345-815-2663
         Facsimile: 345-949-7164
         P.O. Box 493, Grand Cayman KY1-1106
         Cayman Islands
         Telephone: 345-949-4800
         Facsimile: 345-949-7164


ELGIN OPPORTUNITIES: Shareholders' Final Meeting Set for April 16
-----------------------------------------------------------------
The shareholders of Elgin Opportunities Feeder Fund will hold
their final meeting on April 16, 2010, at 10:00 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         K.D. Blake
         c/o Lauren Christie
         Telephone: 345-815-2663
         Facsimile: 345-949-7164
         P.O. Box 493, Grand Cayman KY1-1106
         Cayman Islands
         Telephone: 345-949-4800
         Facsimile: 345-949-7164


EURO ONE: Shareholders' Final Meeting Set for April 15
------------------------------------------------------
The shareholders of Euro One Investments Limited will hold their
final meeting on April 15, 2010, to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Yasser A. Juma'a
         Dar Al-Awadi Towers
         27th - 30th Floor
         Ahmad Al-Jaber Street
         Sharq
         PO Box 28808
         Safat 13149, Kuwait


FOUNTAIN AIR: Creditors' Proofs of Debt Due on April 15
-------------------------------------------------------
The creditors of Fountain Air Ltd are required to file their
proofs of debt by April 15, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on March 2, 2010.

The company's liquidator is:

         Marc Randall
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102, Cayman Islands


FREESIA IAM: Shareholders' Final Meeting Set for April 27
---------------------------------------------------------
The shareholders of Freesia IAM Limited will hold their final
meeting on April 27, 2010, at 9:45 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Paget-Brown Trust Company Ltd.
         c/o Bonnie Willkom
         Telephone: (345)-949-5122
         Facsimile: (345)-949-7920
         P.O. Box 1111, Grand Cayman KY1-1102
         Cayman Islands


HOME WORLD: Shareholders to Hear Wind-Up Report on April 6
----------------------------------------------------------
The shareholders of Home World (Cayman) Company Limited will
receive on April 6, 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:

         Richard Finlay
         c/o Richard Barton
         Telephone: (345) 814 7765
         Facsimile: (345 945 3902
         P.O. Box 2681, Grand Cayman KY1-1111
         Cayman Islands


INCORP SERVICES: Shareholders Receive Wind-Up Report
----------------------------------------------------
The shareholders of Incorp Services Ltd. received, on March 29,
2010, 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


INVESTCORP MARKET: Shareholders' Final Meeting Set for April 27
---------------------------------------------------------------
The shareholders of Investcorp Market Dislocations Fund Limited
will hold their final meeting on April 27, 2010, at 9:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Paget-Brown Trust Company Ltd.
         c/o Bonnie Willkom
         Telephone: (345)-949-5122
         Facsimile: (345)-949-7920
         P.O. Box 1111, Grand Cayman KY1-1102
         Cayman Islands


KGR CAPITAL: Creditors' Proofs of Debt Due on April 15
------------------------------------------------------
The creditors of KGR Capital Management Ltd are required to file
their proofs of debt by April 15, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on March 4, 2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102, Cayman Islands


LARR INVESTMENTS: Creditors' Proofs of Debt Due on April 14
-----------------------------------------------------------
The creditors of Larr Investments Limited are required to file
their proofs of debt by April 14, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on February 26, 2010.

The company's liquidator is:

         Eagle Holdings Ltd.
         c/o Barclays Private Bank & Trust (Cayman) Limited
         FirstCaribbean House, 4th Floor
         P.O. Box 487, Grand Cayman KY1-1106
         Cayman Islands
         Telephone: 345 949-7128


LENTIKIA CAYMAN: Creditors' Proofs of Debt Due on May 3
-------------------------------------------------------
The creditors of Lentikia Cayman Management Limited are required
to file their proofs of debt by May 3, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on March 3, 2010.

The company's liquidator is:

         Keith Blake
         PO Box 493, Grand Cayman KY1-1106
         Cayman Islands
         c/o Ann Smith
         Telephone: 345-914-4383
         Facsimile: 345-949-7164
         P.O. Box 493, Grand Cayman KY1-1106
         Cayman Islands
         Telephone: 345-949-4800
         Facsimile: 345-949-7164


MAISON CAPITAL: Creditors' Proofs of Debt Due on April 15
---------------------------------------------------------
The creditors of Maison Capital Corporation are required to file
their proofs of debt by April 15, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on March 5, 2010.

The company's liquidator is:

         Marc Randall
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102, Cayman Islands


MEL ENTERPRISES: Shareholders to Hear Wind-Up Report on April 15
----------------------------------------------------------------
The shareholders of Mel Enterprises Ltd. will receive on April 15,
2010, at 10:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

         Lily W. Lee
         Broadhurst LLC
         P.O. Box 2503, 40 Linwood Street
         Grand Cayman KY1-1104, Cayman Islands
         Telephone: (345) 949-7237
         Facsimile: (345) 949-7725


MELLON BRAZILL: Shareholder to Receive Wind-Up Report on April 14
-----------------------------------------------------------------
The shareholder of Mellon Brazil Multi-Strategy Fund Limited will
receive on April 14, 2010, at 10:00 a.m., the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Bryant Terry
         Telephone: (345) 815-1803
         Facsimile: (345) 949-9877


NOMINEE LIMITED: Creditors' Proofs of Debt Due on April 12
----------------------------------------------------------
The creditors of Nominee Limited are required to file their proofs
of debt by April 12, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on March 4, 2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102, Cayman Islands


PURPLE LIMITED: Shareholder to Receive Wind-Up Report on April 16
-----------------------------------------------------------------
The shareholder of Purple Limited will receive on April 16, 2010,
at 11:30 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Company Secretaries Ltd.
         P.O. Box 30592, Landmark Square, 3rd Fl
         64 Earth Close, Grand Cayman KY1-1203
         Cayman Islands


RADIX INVESTMENT: Shareholders to Hear Wind-Up Report on March 31
-----------------------------------------------------------------
The shareholders of Radix Investment Ltd. will receive on
March 31, 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: 49-9793/4
         P.O. Box 30622, Grand Cayman KY1-1203
         Cayman Islands


SAPPHIRE FAMILY: Shareholders Receive Wind-Up Report
----------------------------------------------------
The shareholders of Sapphire Family Investment received, on
March 29, 2010, 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


SPIRIT ASIA: Shareholder to Receive Wind-Up Report on April 15
--------------------------------------------------------------
The shareholder of Spirit Asia Holdings Ltd. will receive on
April 15, 2010, at 12:00 noon, the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Michelle Richie
         Telephone: (345) 8151755
         Facsimile: (345) 949 9876


SPIRIT MACRO: Shareholder to Receive Wind-Up Report on April 15
---------------------------------------------------------------
The shareholder of Spirit Macro Holdings Ltd. will receive on
April 15, 2010, at 12:00 noon, the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Michelle Richie
         Telephone: (345) 8151755
         Facsimile: (345) 949 9876


WAH AND: Creditors' Proofs of Debt Due on April 15
--------------------------------------------------
The creditors of Wah and Chung Investment Company Limited are
required to file their proofs of debt by April 15, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on January 5, 2010.

The company's liquidator is:

         Lion International Management Limited
         P.O. Box 71, Craigmuir Chambers
         Road Town, Tortola, British Virgin Islands
         c/o HSBC House
         88 West Bay Road
         Grand Cayman KY1-1106, Cayman Islands
         Telephone: (345) 949-9898
         Facsimile: (345) 949-7959


WEDNESDAY INVESTMENTS: Shareholders Receive Wind-Up Report
----------------------------------------------------------
The shareholders of Wednesday Investments Limited received, on
March 29, 2010, 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


YONTOSHI CLO: Shareholders' Final Meeting Set for April 16
----------------------------------------------------------
The shareholders of Yontoshi Clo Capital Corporation will hold
their final meeting on April 16, 2010, at 8:30 a.m., to receive
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


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


* DOMINICAN REP: Free Zone Firms Seek Ways Out of Economic Rut
--------------------------------------------------------------
Forty-two Free Zone companies of the east and central regions will
be trained to improve their quality production as part of the
various efforts to strengthen the sector after last year's
difficulties that led to the loss of more than 35,000 jobs just in
Santiago's Jorge Mera Free Zone Park, Domininca Today reports.

According to the report, Free Zones Companies Association
(Adozona) Vice President Jose Manuel Torres hailed the sector's
improvement in the first three months and affirmed that positive
conditions are occurring which must be taken advantage of, but
noted that Santiago's free zone parks have yet to feel the upswing
as a difficult situation persists.  Mr. Torres, the report
relates, said that there are still many problems to overcome to
again be competitive.

The report notes in that regard San Pedro Free Zone Park,
President Eduardo Bogaert said in view of the greater
diversification, the free zone companies need to look for new
niches and attract investments.


* DOMINICAN REP: President Signs Off on US$1.0 Billion Bonds
------------------------------------------------------------
President Leonel Fernandez signed the issue of Sovereign Bonds
into Law of US$1.0 billion on March 24, 2010, Dominican Today
reports.

According to the report, the bonds will be offered in the capitals
market through the Treasury Ministry.  "The new law number 48-10
authorizes the Executive to choose the amortization term which
best agrees with the country, but in no case may they mature in a
term of less than five years," the report quoted Mr. Fernandez as
saying.

The report says that the funds from the bonds will be allocated
for infrastructure for roadwork and transport, and to the areas of
health, education and the environment.  The report relates that
the capital and interest payments on the new bonds or instruments
in the said Law will have to be consigned in the General
Government Budget during the years the emission is in effect.

The report adds that the new Law authorizes the Treasury Ministry
to conduct public credit operations aimed at reducing the exchange
risk on the interest rate of the national debt and doesn't imply
an increase in the level of the debt.


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


DESARROLLADORA HOMEX: Signs Non-Exclusive MOU JV with Puravankara
-----------------------------------------------------------------
Desarrolladora Homex, S.A.B. de C.V., through its subsidiary Homex
India Private Limited and Puravankara Projects Limited
(Puravankara) signed a Memorandum of Understanding through which
the companies have established the rules for a non-exclusive Joint
Venture company to undertake projects in the affordable entry-
level housing segment.  The first project of the Company is
expected to be in the metro area of Chennai, in South India.

Commenting on the signing of the Memorandum of Understanding,
Gerardo de Nicolas, Homex's Chief Executive Officer, said, "We are
enthusiastic about this relationship with Puravankara as it
represents an important growth opportunity for Homex in India.
Our plan has been to cautiously assess opportunities to replicate
our proven business model in other populous countries where the
housing market is underserved.  At the same time, we are confident
in the success of our relationship with Puravankara, as it has a
track record of 35 years in the housing market in India and an
inventory of suitable permitted land that will allow us to start
our first pilot project with a reduced investment.  We will be
adding our expertise and business model to what we both feel is a
strong business opportunity in India's affordable, entry-level
market."

Ravi Puravankara, Puravankara Projects Limited's Chairman and
Managing Director, expressing confidence about the new partnership
said, "We look forward to this exciting opportunity that the JV
represents.  There is a huge requirement in India for affordable
entry-level housing to be built across the country, and with the
expertise and proven business model of Homex and Puravankara's
track record and experience in Indian housing, we feel confident
that through this combination of skills and market understanding
-- which is unparalleled in India -- we can become industry
leaders in this segment."

                          About Puravankara

The Puravankara Group with about 35 years of excellence in the
upper end of the housing sector across various regions of the
country has projects in Bangalore, Chennai, Kochi, Coimbatore,
Hyderabad, Mysore and Colombo.  The Group also has an important
presence in Dubai in the UAE and business representatives in the
United Kingdom and the United States.  With a land bank of over
125 million sq ft, the Group has above 20 million sq ft of
residential and commercial space currently under construction.
Included in this are the on-going residential projects, which
amount to 19.13 million sq ft, comprising 13,355 homes.

                     About Desarrolladora Homex

Desarrolladora Homex S.A.B. de C.V. (NYSE: HXM, BMV: HOMEX) --
http://www.homex.com.mx/-- is a vertically integrated home
development company focused on affordable entry-level and
middle-income housing in Mexico.  It is one of the most
geographically diverse homebuilders in the country.  Homex is
the largest homebuilder in Mexico, based on revenues, number of
homes sold and net income.

                           *      *     *

As of March 8, 2010, the company continues to carry Moody's "Ba3"
LC Curr Issuer and Senior Usecured Debt ratings.  The company also
continues to carry Standard and Poor's "BB-" LT Issuer Credit
ratings.


=======
P E R U
=======


DOE RUN: To Meet with Union to Settle Cobriza Copper Mine Strike
----------------------------------------------------------------
According to Dow Jones Newswires, Luis Castillo, general secretary
of Peru's National Federation of Mining, said that there will be a
meeting in Lima between Doe Run Peru and its union to try to
resolve the issue of the bonus demanded by workers.

Dow Jones said a strike at Doe Run Peru's Cobriza copper mine
entered its 2nd day on March 26, 2010.

The report, citing mining ministry figures, notes that the strike
is the second this year at Cobriza which produced 18,519 tonnes of
copper in 2009.

Doe Run Peru operates an integrated primary lead operation and a
recycling operation located in Missouri, referred to as Buick
Resource Recycling.  Fabricated Products operates a lead
fabrication operation located in Arizona and a lead oxide
business located in Washington.

                          *     *     *

As of May 21, 2009, the company continues to carry Moody's bank
financial strength at D- and Fitch Ratings individual rating at D.


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


DELTA AIRLINES: To Exit Trinidad & Tobago
-----------------------------------------
Curtis Rampersad at Jamaica Observer reports that Delta Air Lines
will suspend its operations in Trinidad and Tobago "indefinitely"
effective June 1, 2010, due to country's state of the economy,
Jamaica Observer reports.  "The challenges of the current economy
have forced us to make this very difficult decision," Delta Air
said in an e-mailed statement to travel agents and partners, the
report relates.

According to the report, based on the needs of neighboring
Caribbean markets, the airline said it will be using its service
to strengthen other markets that have a more urgent need for
flights to and from their countries.

The airline, the report relates, said that that it would continue
to monitor 'any future need for the Trinidad and Tobago market',
and staff will remain focused on operations in Guyana and the
Caribbean.  The report says that the airline did not reveal how
staff members would be affected in Trinidad.

                         About Delta

Atlanta, Georgia-based Delta Air Lines (NYSE: DAL) --
http://www.delta.com/or http://www.nwa.com/-- serves more than
160 million customers each year.  Delta and the Delta Connection
carriers offer service to 367 destinations in 66 countries on six
continents.  Delta employs more than 70,000 employees worldwide
and operates a mainline fleet of nearly 800 aircraft.  A founding
member of the SkyTeam global alliance, Delta participates in the
industry's trans-Atlantic joint venture with Air France KLM.
Including its worldwide alliance partners, Delta offers customers
more than 16,000 daily flights, with hubs in Amsterdam, Atlanta,
Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-JFK,
Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita.  The
airline's service includes the SkyMiles frequent flier program,
the world's largest airline loyalty program; the BusinessElite
service; and more than 50 Delta Sky Clubs in airports worldwide.

Delta became the world's largest airline following merger with
Northwest Airlines in 2008.

Northwest and 12 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17930).
On May 21, 2007, the Court confirmed the Northwest Debtors'
amended plan.  That amended plan took effect May 31, 2007.

Delta and 18 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17923).
Marshall S. Huebner, Esq., at Davis Polk & Wardwell, represented
the Delta Debtors in their restructuring efforts. On April 25,
2007, the Court confirmed the Delta Debtors' plan.  That plan
became effective on April 30, 2007.

At December 31, 2009, Delta had total assets of $43,539,000,000
against total current liabilities of $9,797,000,000 and total
noncurrent liabilities of $33,497,000,000, resulting in
stockholders' equity of $245,000,000.  At end-2008, Delta had
stockholders' equity of $874,000,000.  The December 31, 2009
balance sheet showed strained liquidity: Delta had total current
assets of $7,741,000,000 against total current liabilities of
$9,797,000,000.

(Bankruptcy Creditors Service Inc. publishes Delta Air Lines
Bankruptcy News, http://bankrupt.com/newsstand/or 215/945-7000).

                           *     *     *

Delta Air Lines and Northwest Airlines carry a 'B/Negative/--'
corporate ratings from Standard & Poor's.  They also continue to
carry 'B2' corporate family ratings from Moody's and "B-" LT
Issuer Default rating from Fitch.


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


PETROLEOS DE VENEZUELA: Cardon Refinery Ops to Resume in Soon
-------------------------------------------------------------
Petroleos de Venezuela said that operation of the catalytic unit
of the Paraguana Refining Complex, in Cardon will resume today,
March 31, 2010, after plant operations were halted on March 29,
because of a fire, El Universal News reports.

According to the report, Jesus Luongo, general manager of the
refinery, said that the facilities sustained "minor damages" only.
The report notes PDVSA said that the safety team smothered the
flames in (the catalytic unit) of Paraguana Refining Complex.
"Pdvsa guarantees the fulfillment of its domestic and
international obligations," company said in a statement obtained
by the news agency.

                              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 of March 8, 2010, the company continues to carry Moody's "Ba1"
LC Curr Issuer rating.  The company also continues to carry
Standard and Poor's "B+" LT Issuer credit ratings.


PETROLEOS DE VENEZUELA: President Decrees Creation of Russian JV
----------------------------------------------------------------
Venezuelan President Hugo Chavez decreed the creation of a joint
venture between Petroleos de Venezuela SA and Russia's Consorcio
Nacional Petrolero SRL to pump oil from the Junin 6 block of the
Orinoco Belt, Steven Bodzin at Bloomberg News reports.

According to the report, citing the decree published in the
Official Gazette, the joint venture company will be 60% controlled
by PDVSA, with the minority stake taken by the Russian company.

Consorcio Nacional Petrolero is made up of OAO Gazprom, Rosneft
Oil Co., Surgutneftegaz, TNK-BP and OAO Lukoil.

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 of March 8, 2010, the company continues to carry Moody's "Ba1"
LC Curr Issuer rating.  The company also continues to carry
Standard and Poor's "B+" LT Issuer credit ratings.


                            ***********

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.

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delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
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           * * * End of Transmission * * *