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

              Monday, April 19, 2010, Vol. 11, No. 075

                            Headlines



C A Y M A N  I S L A N D S

ARLOS EQUITY: Commences Liquidation Proceedings
BLUESTEP CAPITAL: Commences Liquidation Proceedings
CAYMAN CE: Commences Wind-Up Proceedings
CHICAGO FRIENDS: Commences Wind-Up Proceedings
FAIRFIELD ARECA: Commences Liquidation Proceedings

FAIRFIELD BARON: Commences Liquidation Proceedings
FAIRFIELD MT: Commences Liquidation Proceedings
FAIRFIELD PARABOLIC: Commences Liquidation Proceedings
FLEXIA FUND: Commences Liquidation Proceedings
GAME FACTORY: Commences Wind-Up Proceedings

GED LONG: Commences Liquidation Proceedings
INTREPID MINERALS: Commences Liquidation Proceedings
KBC INVESTMENTS: Commences Liquidation Proceedings
KBC INVESTMENTS: Commences Liquidation Proceedings
KOREA COSMETIC: Commences Wind-Up Proceedings

LINCOLN FINANCIAL: Commences Wind-Up Proceedings
MUNSTEAD HOLDINGS: Commences Wind-Up Proceedings
OCEAN HARVEST: Commences Liquidation Proceedings
OWENOKE OFFSHORE: Commences Liquidation Proceedings
PEVANI LDC: Commences Wind-Up Proceedings

PICO FUND: Commences Liquidation Proceedings
PLATYPUS ASIAN: Commences Wind-Up Proceedings
QNI CAPITAL: Commences Liquidation Proceedings
QONWAY INVESTMENTS: Commences Wind-Up Proceedings
STRATTON STREET: Commences Wind-Up Proceedings

VONTOBEL ABSOLUTE: Commences Wind-Up Proceedings
WATERBAY (CAYMAN): Commences Liquidation Proceedings
WATERVILLE (CAYMAN): Commences Liquidation Proceedings
WILLOW CREEK: Commences Wind-Up Proceedings




                         - - - - -


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


ARLOS EQUITY: Commences Liquidation Proceedings
-----------------------------------------------
Arlos Equity Fund Ltd. commenced liquidation proceedings on
February 1, 2010.

Only creditors who were able to file their proofs of debt by
March 17, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Stuart Sybersma
         c/o Jennifer Chailler
         Deloitte & Touche
         P.O. Box 1787, Grand Cayman KY1-1109
         Cayman Islands
         Telephone: (345) 949 7500
         Facsimile: (345) 949 8258
         e-mail: jchailler@deloitte.com


BLUESTEP CAPITAL: Commences Liquidation Proceedings
---------------------------------------------------
Bluestep Capital Funding Limited commenced liquidation proceedings
on February 3, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

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


CAYMAN CE: Commences Wind-Up Proceedings
----------------------------------------
Cayman CE Holdings Limited commenced wind-up proceedings on
February 5.

Only creditors who were able to file their proofs of debt by
March 8, 2010, will be included in the company's dividend
distribution.

The company's liquidators are:

         Tee Choon Kiong
         Foo Bin Gee
         Telephone: +65 6238 2271 / +65 6238 2266
         Facsimile: +65 6238 7765
         P.O. Box 2681, Grand Cayman KY1-1111
         Cayman Islands
         Conyers Dill & Pearman
         Cricket Square, Hutchins Drive
         PO Box 2681, Grand Cayman KY1-1111
         Cayman Islands
         c/o Krysten Lumsden


CHICAGO FRIENDS: Commences Wind-Up Proceedings
----------------------------------------------
Chicago Friends Corporation commenced wind-up proceedings on
January 14, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005, Cayman Islands


FAIRFIELD ARECA: Commences Liquidation Proceedings
--------------------------------------------------
Fairfield Areca Asian Equity Fund Ltd commenced liquidation
proceedings on January 29, 2010.

Only creditors who were able to file their proofs of debt by
March 18, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Ian Stokoe
         c/o Sarah Moxam
         Telephone: (345) 914 8634
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


FAIRFIELD BARON: Commences Liquidation Proceedings
--------------------------------------------------
Fairfield Baron Absolute Fund Ltd commenced liquidation
proceedings on January 29, 2010.

Only creditors who were able to file their proofs of debt by
March 18, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Ian Stokoe
         c/o Sarah Moxam
         Telephone: (345) 914 8634
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


FAIRFIELD MT: Commences Liquidation Proceedings
-----------------------------------------------
Fairfield MT Japan Long-Short Fund Ltd commenced liquidation
proceedings on January 29, 2010.

Only creditors who were able to file their proofs of debt by
March 18, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Ian Stokoe
         c/o Sarah Moxam
         Telephone: (345) 914 8634
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


FAIRFIELD PARABOLIC: Commences Liquidation Proceedings
------------------------------------------------------
Fairfield Parabolic Partners Fund Ltd commenced liquidation
proceedings on January 29, 2010.

Only creditors who were able to file their proofs of debt by
March 18, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Ian Stokoe
         c/o Sarah Moxam
         Telephone: (345) 914 8634
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


FLEXIA FUND: Commences Liquidation Proceedings
----------------------------------------------
Flexia Fund (SPC) Ltd. commenced liquidation proceedings on
February 1, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Mourant Cayman Liquidators, Ltd.
         Mourant du Feu & Jeune
         c/o JAPF
         Telephone: (+1) 345 949 4123
         Facsimile: (+1) 345 949 4647;

Or

         Mourant Cayman Liquidators, Ltd.
         c/o Peter Goulden
         Telephone: (+1) 345 949 4123
         Facsimile: (+1) 345 949 4647
         Harbour Centre
         42 North Church Street
         P.O. Box 1348, George Town
         Grand Cayman KY1-1108, Cayman Islands


GAME FACTORY: Commences Wind-Up Proceedings
-------------------------------------------
Game Factory Limited commenced wind-up proceedings on February 4,
2009.

Only creditors who were able to file their proofs of debt by
March 17, 2010, will be included in the company's dividend
distribution.

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


GED LONG: Commences Liquidation Proceedings
-------------------------------------------
GED Long Short Equity Fund Limited commenced liquidation
proceedings on January 28, 2010.

Only creditors who were able to file their proofs of debt by
March 17, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

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


INTREPID MINERALS: Commences Liquidation Proceedings
----------------------------------------------------
Intrepid Minerals International Ltd. commenced liquidation
proceedings on January 27, 2010.

Only creditors who were able to file their proofs of debt by
March 17, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Stuart Sybersma
         c/o Jennifer Chailler
         Deloitte & Touche
         P.O. Box 1787, Grand Cayman KY1-1109
         Cayman Islands
         Telephone: (345) 949 7500
         Facsimile: (345) 949 8258
         e-mail: jchailler@deloitte.com


KBC INVESTMENTS: Commences Liquidation Proceedings
--------------------------------------------------
KBC Investments Cayman Islands VII, Ltd. commenced liquidation
proceedings on February 2, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

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


KBC INVESTMENTS: Commences Liquidation Proceedings
--------------------------------------------------
KBC Investments Cayman Islands VIII, Ltd. commenced liquidation
proceedings on February 2, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

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


KOREA COSMETIC: Commences Wind-Up Proceedings
---------------------------------------------
Korea Cosmetic Holdings Ltd commenced wind-up proceedings on
January 22, 2010.

Only creditors who were able to file their proofs of debt by
March 8, 2010, will be included in the company's dividend
distribution.

The company's liquidators are:

         Tee Choon Kiong
         Foo Bin Gee
         Telephone: 65-6238 2271/65-6238 2266
         Facsimile: 65-6238 7765
         Temasek Boulevard #27-03 Suntec Tower Two
         Singapore 038989


LINCOLN FINANCIAL: Commences Wind-Up Proceedings
------------------------------------------------
Lincoln Financial Co. commenced wind-up proceedings on February 2,
2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Campbell Directors Limited
         Scotia Centre, 4th Floor
         PO Box 268, Grand Cayman KY1-1104
         Cayman Islands
         Telephone: 345 949 6258
         Facsimile: 345 945 2877


MUNSTEAD HOLDINGS: Commences Wind-Up Proceedings
------------------------------------------------
Munstead Holdings Inc. commenced wind-up proceedings on March 15,
2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Michael D. Butterman
         Duane Morris LLP
         1540 Broadway
         New York, NY 10036-4086
         United States of America


OCEAN HARVEST: Commences Liquidation Proceedings
------------------------------------------------
Ocean Harvest Group Holding Ltd. commenced liquidation proceedings
on February 4, 2010.

Only creditors who were able to file their proofs of debt by
March 17, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

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


OWENOKE OFFSHORE: Commences Liquidation Proceedings
---------------------------------------------------
Owenoke Offshore Technology Fund, Ltd commenced liquidation
proceedings on January 28, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         DMS Corporate Services Ltd.
         c/o Bernadette Bailey-Lewis
         Telephone: (345) 946 7665
         Facsimile: (345) 946 7666
         dms House, 2nd Floor
         P.O. Box 1344, Grand Cayman KY1-1108


PEVANI LDC: Commences Wind-Up Proceedings
-----------------------------------------
Pevani LDC commenced wind-up proceedings.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Simon W. Baker
         Citadel Administration S.A.
         15-17, Avenue Gaston Diderich
         L-1420 Luxembourg
         Grand Duchy of Luxembourg


PICO FUND: Commences Liquidation Proceedings
--------------------------------------------
Pico Fund Limited commenced liquidation proceedings on
February 20, 2009.

Only creditors who were able to file their proofs of debt by
March 9, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Wilton McDonald
         Telephone: (345) 914-4620
         Facsimile: (345) 815-0570
         c/o Higgs & Johnson
         Anderson Square Building, 5th Floor
         Shedden Rd, P.O. Box 866
         Grand Cayman KY1-1103, Cayman Islands


PLATYPUS ASIAN: Commences Wind-Up Proceedings
---------------------------------------------
Platypus Asian Equities Fund SPC commenced wind-up proceedings on
February 2, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         CDL Company Ltd.
         P.O. Box 31106, Grand Cayman KY1-1205


QNI CAPITAL: Commences Liquidation Proceedings
----------------------------------------------
QNI Capital Limited commenced liquidation proceedings on
January 25, 2010.

Only creditors who were able to file their proofs of debt by
March 17, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

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


QONWAY INVESTMENTS: Commences Wind-Up Proceedings
-------------------------------------------------
Qonway Investments Ltd commenced wind-up proceedings on
February 4, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005, Cayman Islands


STRATTON STREET: Commences Wind-Up Proceedings
----------------------------------------------
Stratton Street Capital Liquidfunds Inc. commenced wind-up
proceedings on February 3, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005, Cayman Islands


VONTOBEL ABSOLUTE: Commences Wind-Up Proceedings
------------------------------------------------
Vontobel Absolute Return Fund Ltd. commenced wind-up proceedings
on February 1, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005, Cayman Islands


WATERBAY (CAYMAN): Commences Liquidation Proceedings
----------------------------------------------------
Waterbay (Cayman) Limited commenced liquidation proceedings on
January 25, 2009.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Ogier Employee Benefit Services Limited
         Whiteley Chambers
         Don Street, St Helier
         Jersey, JE4 9WG
         Ogier Fiduciary Services (Cayman) Limited
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007, Cayman Islands


WATERVILLE (CAYMAN): Commences Liquidation Proceedings
------------------------------------------------------
Waterville (Cayman) Limited commenced liquidation proceedings on
January 25, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Ogier Employee Benefit Services Limited
         Whiteley Chambers
         Don Street, St Helier
         Jersey, JE4 9WG
         Ogier Fiduciary Services (Cayman) Limited
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007, Cayman Islands


WILLOW CREEK: Commences Wind-Up Proceedings
-------------------------------------------
Willow Creek Offshore Fund commenced wind-up proceedings on
February 4, 2010.

Only creditors who were able to file their proofs of debt by
March 15, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005, Cayman Islands


                            ***********

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.

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