TCRLA_Public/100813.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, August 13, 2010, Vol. 11, No. 159

                            Headlines



A N T I G U A  &  B A R B U D A

STANFORD INT'L: U.S. Court Okays Creation of Creditors Panel


B E R M U D A

AGRI-INSURANCE COMPANY: Commences Wind-Up Proceedings
AGRI-INSURANCE COMPANY: Members' Final Meeting Set for August 24
CHINA NETCOM: Commences Wind-Up Proceedings
CHINA NETCOM: Members Receive Wind-Up Report
G&D INVESTMENTS: Commences Wind-Up Proceedings

G&D INVESTMENTS: Members' Final Meeting Set for August 24
GLOBAL SPORTS: Commences Wind-Up Proceedings
GLOBAL SPORTS: Members Receive Wind-Up Report
MPF CORP: Sale-Based Chapter 11 Plan Declared Effective
VANDICAMP GROUP: Members' Final Meeting Set for August 25

VANDICOMP GROUP: Commences Wind-Up Proceedings


B R A Z I L

BRASIL FOODS: Chicken Suspension Lifted by Government
COMPANHIA SIDERURGICA: Sees Further Local Steel Price Hikes
CYRELA BRAZIL: Records BRL167.4-Million Net Income in Second Qtr.


C A Y M A N  I S L A N D S

ALTERNATIVEFOCUS ARGO: Shareholders' Meeting Set for September 2
AMERICAN GUARANTY: Shareholders' Final Meeting Set for Sept. 6
ARAKAWA HOLDING: Shareholders' Final Meeting Set for September 7
BAY HAVEN: Shareholders' Final Meeting Set for September 9
BROCADE GP: Sole Shareholder to Hear Wind-Up Report on Sept. 16

BTG BROCADE: Shareholders' Final Meeting Set for September 16
BTG BROCADE: Shareholders' Final Meeting Set for September 16
CASTLE WATER: Shareholders' Final Meeting Set for September 8
CHEYNE LATAM: Shareholders' Meeting Set for September 3
CHICHESTER FUND: Shareholders' Final Meeting Set for September 3

DOCURETAIN CAPITAL: Shareholders' Final Meeting Set for Sept. 8
DOCUSEARCH CAPITAL: Shareholders' Final Meeting Set for Sept. 8
DOCUVIEW CAPITAL: Shareholders' Final Meeting Set for Sept. 8
GEO INVESTMENT: Shareholders' Final Meeting Set for September 8
INFOCOPY CAPITAL: Shareholders' Final Meeting Set for Sept. 8

LENTIKIA CAYMAN: Shareholders' Final Meeting Set for September 16
LENTIKIA CAYMAN: Shareholder to Hear Wind-Up Report on Sept. 16
OPF CORPORATION: Shareholders' Meeting Set for September 3
PEQUOT AIS: Shareholders' Meeting Set for September 3
SUNSTONE PROPERTIES: Shareholders' Meeting Set for September 3


D O M I N I C A N  R E P U B L I C

AES DOMINICANA: To Build 34MW Natural Gas Plant for US$15 Million


E C U A D O R

* ECUADOR: Contract Delivery Delays Worry Private Oil Companies


J A M A I C A

CABLE & WIRELESS: LIME Makes US$100 Million Investment


M E X I C O

GRUPO POSADAS: Moody's Reviews 'B2' Corporate Family Rating
MAXCOM TELECOMUNICACIONES: Eyes Sale of Biz to Telefonica, Vivendi
MEXICANA AIRLINES: Canadian Court Recognizes Concurso Proceeding
MEXICANA AIRLINES: ILFC, et al., Seek Relief From U.S. TRO
MEXICANA AIRLINES: Offers Unions Stake in Airline Under New Deal




                         - - - - -


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


STANFORD INT'L: U.S. Court Okays Creation of Creditors Panel
------------------------------------------------------------
Andrew M. Harris at Bloomberg News reports that creditors of
Robert Allen Stanford won U.S. District Judge David Godbey's
approval for a committee to work with court-appointed receiver,
Ralph Janvey, in recouping losses from Mr. Stanford's alleged US$7
billion fraud.

According to the report, the committee will have authority to
probe the Stanford Group Co.'s financial condition before the U.S.
SEC suit, meet with Mr. Janvey at least once a month, and initiate
its own lawsuits after consulting the receiver on division of
responsibilities.  "This is a very important milestone for the
victims because we will now have a voice in the recovery of our
savings," a representative of the creditors, Angela Shaw, said in
an e-mailed statement obtained by the news agency.

Bloomberg News says that the seven-member committee will be led by
another Judge Godbey appointee, Dallas attorney John J. Little,
who already serves as a liaison between the court, the receiver
and the creditors.

Meanwhile, according to the report, three investors asked Judge
Godbey almost a year ago to lift a court order that barred them
from filing an involuntary bankruptcy petition against the
Stanford businesses.  The report relates Judge Godbey said that
the agreement between the investors and the receiver puts an end
to that issue.

                About Stanford International Bank

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under management
or advisement.  Stanford Private Wealth Management serves more
than 70,000 clients in 140 countries.

On February 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and records
of Stanford International Bank, Ltd., Stanford Group Company,
Stanford Capital Management, LLC, Robert Allen Stanford, James M.
Davis and Laura Pendergest-Holt and of all entities they own or
control.  The February 16 order, as amended March 12, 2009,
directs the Receiver to, among other things, take control and
possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The U.S. Securities and Exchange Commission, on Feb. 17, 2009,
charged before the U.S. District Court in Dallas, Texas, Mr.
Stanford and three of his companies for orchestrating a
fraudulent, multi- billion dollar investment scheme centering on
an US$8 billion Certificate of Deposit program.

A criminal case was pursued against him in June 2009, before the
U.S. District Court in Houston, Texas.  Mr. Stanford pleaded not
guilty to 21 charges of multi-billion dollar fraud, money-
laundering and obstruction of justice.  Assistant Attorney General
Lanny Breuer, as cited by Agence France-Presse News, said in a 57-
page indictment that Mr. Stanford could face up to 250 years in
prison if convicted on all charges.  Mr. Stanford surrendered to
U.S. authorities after a warrant was issued for his arrest on the
criminal charges.

The criminal case is U.S. v. Stanford, H-09-342 (S.D. Tex.).  The
civil case is SEC v. Stanford International Bank, 09-cv-00298
(N.D. Tex.).


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


AGRI-INSURANCE COMPANY: Commences Wind-Up Proceedings
-----------------------------------------------------
Agri-Insurance Company, Ltd. commenced wind-up proceedings on
July 15, 2010.

Only creditors who were able to file their proofs of debt by
August 3, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


AGRI-INSURANCE COMPANY: Members' Final Meeting Set for August 24
----------------------------------------------------------------
The members of Agri-Insurance Company, Ltd. will hold their final
meeting, on August 24, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on July 15, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


CHINA NETCOM: Commences Wind-Up Proceedings
-------------------------------------------
China Netcom Corporation International Limited commenced wind-up
proceedings on July 9, 2010.

Only creditors who were able to file their proofs of debt by
July 28, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


CHINA NETCOM: Members Receive Wind-Up Report
--------------------------------------------
The members of China Netcom Corporation International Limited
received on August 11, 2010, the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


G&D INVESTMENTS: Commences Wind-Up Proceedings
----------------------------------------------
G&D Investments, Ltd. commenced wind-up proceedings on July 20,
2010.

Only creditors who were able to file their proofs of debt by
August 4, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


G&D INVESTMENTS: Members' Final Meeting Set for August 24
---------------------------------------------------------
The members of G&D Investments, Ltd. will hold their final
meeting, on August 24, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on July 20, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


GLOBAL SPORTS: Commences Wind-Up Proceedings
--------------------------------------------
Global Sports Management Limited commenced wind-up proceedings on
July 12, 2010.

Only creditors who were able to file their proofs of debt by
July 28, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


GLOBAL SPORTS: Members Receive Wind-Up Report
---------------------------------------------
The members of Global Sports Management Limited received on
August 18, 2010, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


MPF CORP: Sale-Based Chapter 11 Plan Declared Effective
-------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
declared that the effective date of MPF Holding US LLC, et al.'s
Plan of Reorganization occurred on August 9, 2010.

The Plan provided for the sale of the acquired assets to Cosco
Dalian Shipyard Co. Ltd., MPF's largest vendor, pursuant to the
assignment and purchase agreement.

The Debtors related that Cosco intends to use the acquired assets
in connection with the construction of a fully commissioned
drillship under a turn-key engineering, procurement, and
construction contract between Cosco and a third party who will
take delivery of the drillship upon completion of construction.

The essential terms of the agreement includes:

   a) a cash payment of $104,000,000 to MPF and MPF-01 on the
      closing date, in full;

   b) assumption of assumed liabilities; and

   c) release MPF-01 from its obligation to pay the cure amount
      under the Cosco Contract.

In addition, the purchaser may make an additional cash payment to
MPF to the extent that the aggregate amount of the initial cash
payment and any excess funds transferred to DvB, is less than (ii)
the aggregate amount of the DIP Loan Claims and the DvB Secured
Claim; provided, however, that the aggregate amount of the initial
cash payment and the additional cash payment will not exceed
$105,000,000.

A full-text copy of the Amended Disclosure Statement is available
for free at http://bankrupt.com/misc/MPFHOLDING_AmendedDS.pdf

                          About MPF Corp.

Bermuda-based MPF Corp. Ltd. -- http://www.mpf-corp.com/--
engages in deep water oil and gas exploration.  The Company was
established on April 25, 2006.  The company and debtor-affiliate
MPF Holding US LLC filed separate petitions for Chapter 11 relief
on Sept. 24, 2008 (Bankr. S.D. Tex. Case Nos. 08-36086 and 08-
36084).  MPF-01 followed on Sept. 25, 2008.

D. Bobbitt Noel, Jr., Esq. at Vinson & Elkins LLP, represents the
Debtors as counsel.  MPF estimated assets and debts of $100
million to $500 million in its Chapter 11 petition.

The Bermuda Proceedings and the Chapter 11 cases in the U.S. run
as parallel proceedings, which is coordinated to effectuate the
Debtors' goal of providing for a restructuring of their businesses
or sale of assets as may be in the best interests of their estates
and creditors.


VANDICAMP GROUP: Members' Final Meeting Set for August 25
---------------------------------------------------------
The members of Vandicamp Group Ltd. will hold their final meeting,
on August 25, 2010, at 9:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on July 15, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


VANDICOMP GROUP: Commences Wind-Up Proceedings
----------------------------------------------
Vandicomp Group Ltd. commenced wind-up proceedings on July 15,
2010.

Only creditors who were able to file their proofs of debt by
August 4, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


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


BRASIL FOODS: Chicken Suspension Lifted by Government
-----------------------------------------------------
Carlos Caminada and Katia Cortes at Bloomberg News report that
Brazil ended a suspension of chicken sales by BRF - Brasil Foods
after they took steps to eliminate excess water that increased the
weight of their meat.

According to the report, Brazil has stepped up inspections to
prevent companies from pumping water into meat to increase the
weight, which allows them to charge more for the product.  The
report notes that chicken accounted for about a quarter of Brasil
Foods's revenue from raw meat sales in Brazil in the first
quarter.

The company, the report notes, said that the restriction had "no
legal basis" and questioned the government's criteria for the
assessment.

                       About BRF-Brasil Foods

BRF-Brasil Foods SA is a food processor in Latin America.  The
company raises chickens to produce poultry products.  Brasil Foods
also processes frozen pasta, soybeans, and their derivatives, and
distributes frozen vegetables.  The company's core business is
chilled and frozen food.  The company has offices in the Middle
East, Asia, and Europe.

                           *     *     *

As of August 12, 2010, the company continues to carry Moody's
"Ba1" long-term corporate family rating.  The company also
continues to carry Standard and Poor's "BB+" long-term issuer
credit ratings.


COMPANHIA SIDERURGICA: Sees Further Local Steel Price Hikes
-----------------------------------------------------------
Companhia Siderurgica Nacional S.A. said that prices for the
commodity in the domestic market are poised to increase through
the end of the year, bolstered by high demand in the civil
construction and infrastructure sectors, Reuters reports.

According to the report, a recent rise in the cost of imported
steel could probably pave the way for another local price hike,
the third this year for two of Brazil's three largest steelmakers.
CSN Sales Director Luis Fernando Martinez said that some clients
of the company are likely prepared to deal with higher prices.

The report notes that further price increases for steel products
used in construction and heavy manufacturing could pit the
government against the nation's steelmakers.  The report relates
that government officials have repeatedly threatened to slash
taxes on some imported products this year to keep domestic steel
prices from rising.

Meanwhile, the report discloses, CSN Chief Financial Officer Paulo
Penido Marques also told analysts that the plan to spin off the
company's mining unit is "taking a little longer" but will happen
eventually.

                            About CSN

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 August 11, 2010, the company continues to carry moody's
"Ba1" long-term and long-term corporate family ratings.  The
company also continues to carry Standard and Poor's "BB+" issuer
credit ratings.


CYRELA BRAZIL: Records BRL167.4-Million Net Income in Second Qtr.
-----------------------------------------------------------------
Cyrela Brazil Realty SA Empreendimentos e Participacoes's second-
quarter net income increased 6.6% to BRL167.4 million (US$94.3
million) from BRL157.1 million a year earlier as Brazil's economy
improved and falling interest rates encouraged buyers to take out
mortgages, Robin Stringer at Bloomberg News reports.  Earnings
fell short of the average estimate of BRL180.8 million in a
Bloomberg survey of five analysts.

According to the report, total contracted sales including
partners' shares rose 83% to BRL1.54 billion, and those exclusive
to Cyrela rose 77% to BRL1.1 billion.  The report relates that
total new projects rose 75% to BRL1.12 billion.

Bloomberg News notes that sales so far this year were lower than
the company forecast and reached to BRL2.6 billion, 40% of the
company's 2010 sales guidance midpoint.

                       About Cyrela Brazil

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes
develops, rents, manages and sells residential and commercial real
estate properties.  The company's real estate portfolio includes
shopping centers, office and apartment buildings, hotels and land.

                          *     *    *

As of August 12, 2010, the company continues to carry Moody's
"Ba2" long-term corporate family rating.  The company also
continues to carry Standard and Poor's "BB-" long-term issuer
credit ratings, and Fitch Ratings' "BB" issuer default ratings.


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


ALTERNATIVEFOCUS ARGO: Shareholders' Meeting Set for September 2
----------------------------------------------------------------
The shareholders of Alternativefocus Argo Special Situations Ltd
will hold their final meeting, on September 2, 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:

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


AMERICAN GUARANTY: Shareholders' Final Meeting Set for Sept. 6
--------------------------------------------------------------
The shareholders of American Guaranty & Health Care Insurance
Company will hold their final meeting, on September 6, 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:

         James W. Ayers
         Telephone: 1-345-949-7966
         c/o Global Captive Management Ltd.
         Governor's Square, 2nd Floor
         Building 3 23 Lime Tree Bay Avenue
         P.O. Box 1363, Grand Cayman KY1-1108
         Cayman Islands


ARAKAWA HOLDING: Shareholders' Final Meeting Set for September 7
----------------------------------------------------------------
The shareholders of Arakawa Holding Cayman Co., Ltd. will hold
their final meeting, on September 7, 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:

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


BAY HAVEN: Shareholders' Final Meeting Set for September 9
----------------------------------------------------------
The shareholders of Bay Haven Limited will hold their final
meeting, on September 9, 2010, at 11:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


BROCADE GP: Sole Shareholder to Hear Wind-Up Report on Sept. 16
---------------------------------------------------------------
The sole shareholder of Brocade GP Limited will receive, on
September 16, 2010, at 10:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Keith Blake
         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


BTG BROCADE: Shareholders' Final Meeting Set for September 16
-------------------------------------------------------------
The shareholders of BTG Brocade Macro Master Fund Limited will
hold their final meeting, on September 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:

         Keith Blake
         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


BTG BROCADE: Shareholders' Final Meeting Set for September 16
-------------------------------------------------------------
The shareholders of BTG Brocade Macro Fund Limited will hold their
final meeting, on September 16, 2010, at 10:15 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Keith Blake
         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


CASTLE WATER: Shareholders' Final Meeting Set for September 8
-------------------------------------------------------------
The shareholders of Castle Water Leasing Limited will hold their
final meeting, on September 8, 2010, at 11:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


CHEYNE LATAM: Shareholders' Meeting Set for September 3
-------------------------------------------------------
The shareholders of Cheyne Latam Equity Fund Inc. will hold their
final meeting, on September 3, 2010, at 2:00 p.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


CHICHESTER FUND: Shareholders' Final Meeting Set for September 3
----------------------------------------------------------------
The shareholders of Chichester Fund SPC will hold their final
meeting, on September 3, 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:

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


DOCURETAIN CAPITAL: Shareholders' Final Meeting Set for Sept. 8
---------------------------------------------------------------
The shareholders of Docuretain Capital Limited will hold their
final meeting, on September 8, 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:

         Essa Zainal
         c/o Patricia Tricarico
         Telephone: (345) 949-5122
         Facsimile: (345) 949-7920
         P.O. Box 1111, Grand Cayman KY1-1102
         Cayman Islands


DOCUSEARCH CAPITAL: Shareholders' Final Meeting Set for Sept. 8
---------------------------------------------------------------
The shareholders of Docusearch Capital Limited will hold their
final meeting, on September 8, 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:

         Essa Zainal
         c/o Patricia Tricarico
         Telephone: (345) 949-5122
         Facsimile: (345) 949-7920
         P.O. Box 1111, Grand Cayman KY1-1102
         Cayman Islands


DOCUVIEW CAPITAL: Shareholders' Final Meeting Set for Sept. 8
-------------------------------------------------------------
The shareholders of Docuview Capital Limited will hold their final
meeting, on September 8, 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:

         Essa Zainal
         c/o Patricia Tricarico
         Telephone: (345) 949-5122
         Facsimile: (345) 949-7920
         P.O. Box 1111, Grand Cayman KY1-1102
         Cayman Islands


GEO INVESTMENT: Shareholders' Final Meeting Set for September 8
---------------------------------------------------------------
The shareholders of Geo Investment Management Limited will hold
their final meeting, on September 8, 2010, at 9:20 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

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


INFOCOPY CAPITAL: Shareholders' Final Meeting Set for Sept. 8
-------------------------------------------------------------
The shareholders of Infocopy Capital Limited will hold their final
meeting, on September 8, 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:

         Essa Zainal
         c/o Patricia Tricarico
         Telephone: (345) 949-5122
         Facsimile: (345) 949-7920
         P.O. Box 1111, Grand Cayman KY1-1102
         Cayman Islands


LENTIKIA CAYMAN: Shareholders' Final Meeting Set for September 16
-----------------------------------------------------------------
The shareholders of Lentikia Cayman Management Limited will hold
their final meeting, on September 16, 2010, at 11:00 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Keith Blake
         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


LENTIKIA CAYMAN: Shareholder to Hear Wind-Up Report on Sept. 16
---------------------------------------------------------------
The sole shareholder of Lentikia Cayman Holdings Limited will
receive, on September 16, 2010, at 10:45 a.m., the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Keith Blake
         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


OPF CORPORATION: Shareholders' Meeting Set for September 3
----------------------------------------------------------
The shareholders of OPF Corporation will hold their final meeting,
on September 3, 2010, at 1:15 p.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


PEQUOT AIS: Shareholders' Meeting Set for September 3
-----------------------------------------------------
The shareholders of Pequot AIS Offshore Fund, Ltd. will hold their
final meeting, on September 3, 2010, at 1:45 p.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


SUNSTONE PROPERTIES: Shareholders' Meeting Set for September 3
--------------------------------------------------------------
The shareholders of Sunstone Properties Corp. will hold their
final meeting, on September 3, 2010, at 1:00 p.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
==================================


AES DOMINICANA: To Build 34MW Natural Gas Plant for US$15 Million
-----------------------------------------------------------------
AES Dominicana will construct a natural gas fired power plant at a
cost of US$15 million to supply 34 megawatts, in the Los Mina
sector of Santo Domingo East, The Dominican Today reports.

According to the report, AES Dominicana President Marco De la Rosa
said that the project is part of AES Dominicana's strategy to
contribute to diversify the country's energy matrix, continue to
the use of efficient, cheaper and more environmentally friendly
fuels such as natural gas, and trim the dependence on petroleum
derivatives.

                       About AES Dominicana

AES Dominicana Energia Finance S.A. is an energy group operating
in the Dominican Republic, which manages two of AES Corp.'s wholly
owned generation assets, Andres and DPP.  AES Dominicana, through
an AES Corp subsidiary, also has a management agreement to operate
EDE-Este, one of the three distribution companies in the country.
Andres is a power plant with a 304MW combined cycle generation
facility with duel fuel capability (gas and diesel) but with
natural gas supplied through the LNG import facility serving as
the primary fuel while DPP is a 236MW power plant comprising two
simple cycle combustion turbines that can burn both natural gas
and fuel oil Number 2.  Both plants together have PPA contracts
with EDE-Este for 260MW that increase over time, but Andres is
currently servicing all contracts given its greater efficiency.
Andres LNG terminal includes a large tanker berth and jetty, an
LNG refueling pier, and one million barrel (160,000 cubic meters,
m3) LNG storage tank, as well as regasification and handling
facilities for both LNG and diesel.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 3, 2010, Fitch Ratings has affirmed these ratings of AES
Dominicana Energia Finance, S.A. and AES Andres B.V.;

AES Dominicana

  -- International foreign currency Issuer Default Ratings at
     'B-';

  -- US$160 million senior unsecured notes due 2015 at 'B-/ RR4'.

The Rating Outlook is Stable.

AES Andres B.V.

  -- National long-term IDR at 'BBB(dom)';
  -- US$30 million bond due 2012 at 'BBB'.

AES Dominicana's ratings reflect the company's dependence on
government subsidies for its financial sustainability.
Notwithstanding recent improvements in the timeliness of
government payments, the risks of operating electric generation
assets in the Dominican Republic remain high and reflect the
distribution companies' low collections and high losses.  These
risks translate into high cash flow volatility for all generation
companies.


=============
E C U A D O R
=============


* ECUADOR: Contract Delivery Delays Worry Private Oil Companies
---------------------------------------------------------------
Private petrol companies in Ecuador are concerned by the delayed
delivery of their new contract models, which had been expected
last week, Monica Orozco at Dow Jones Newswires reports.

According to the report, on July 27, 2010, Ecuador passed a new
Hydrocarbons Law which aims to expropriate foreign-company
operations unless they sign new service contracts increasing state
control of the industry.  The report relates that the law fixed a
deadline of 120 days from July 27 for major operators to change
over to the new service contracts.  Smaller petrol companies have
180 days, the report notes.

"We only have 104 days left to finalize the renegotiation of
contracts and companies need the necessary time to go through the
contract model and check the economic calculations, talk to
headquarters, negotiate with the government and come to a final
agreement," Jose Luis Ziritt, president of Ecuador's Hydrocarbon
Association told Dow Jones Newswires in an interview.

Mr. Ziritt, the report relates, said that 120 was already short
and he was concerned by suggestions made earlier this week by
Ecuador's Minister for Nonrenewable Natural Resources, Wilson
Pastor, that indicated negotiations would start on August 16.

                          *     *     *

As of June 28, 2010, the country continues to carry Moody's "Caa2"
country ceiling long-term foreign bank deposit ratings, and "Caa3"
currency issuer rating and foreign currency long-term debt rating.


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


CABLE & WIRELESS: LIME Makes US$100 Million Investment
------------------------------------------------------
Cable & Wireless plc's LIME plans to invest US$100 million in
Jamaica this year as part of a US$600 million investment in the
Caribbean over the next five years, Camilo Thame at Jamaica
Observer reports.

According to the report, this year's spending includes a US$35
million investment in a new international cable linking Jamaica to
the British Virgin Islands and the Dominican Republic.  The report
relates LIME Chairman Chris Dehring said that while the investment
provided opportunities for cost savings derived from completing a
fiber ring between Jamaica and the Eastern Caribbean, it mainly
gives LIME the advantage of benefiting from data traffic between
North and South America.

                            About LIME

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

                      About Cable & Wireless

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

According to Bloomberg data, Cable & Wireless plc continues to
carry Moody's "Ba3"long-term corporate family rating, "B1" senior
unsecured debt rating and "Ba3"probability of default rating with
a stable outlook.  The company continues to Standard & Poor's "BB-
"long-term foreign and local issuer credit ratings and "B" short-
term foreign and local issuer credit ratings.


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


GRUPO POSADAS: Moody's Reviews 'B2' Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service placed Grupo Posadas, S.A.B. de C.V.'s
B2 corporate family and senior unsecured debt ratings on review
for possible downgrade.

The review was prompted by Posadas' weaker than expected earnings
trends and credit metrics year-to-date, reflective of still
challenging conditions in Mexico's tourism sector despite the
gradual economic recovery, and the company's tempered liquidity
following dividend payments earlier this year and weak cash
generation.  The rating action also reflects potential effects on
Posadas operations of last week's bankruptcy filing of Mexicana de
Aviacion, Mexico's largest airline in terms of passenger volume.

In its review, Moody's will focus on Posadas' ability and plans to
boost its near to medium term performance in order to return to
credit metrics more in line with the B2 rating category.  The
agency will also examine the company's financial policies and its
plans to strengthen liquidity, along with the potential for
repercussions of Mexicana's bankruptcy on Posadas' operating
trends.  Moody's expects to conclude the review within the next
three months.

The last rating action on Posadas was on January 18, 2010, when
Moody's changed the outlook for the company's B2 ratings to stable
from negative.

Grupo Posadas, S.A.B. de C.V., headquartered in Mexico City, is a
leading hotel chain operator in Latin America, with MXN6.8 billion
(US$527 million) in revenues for the 12 months ended June 30,
2010, and 112 hotels and 19,777 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.


MAXCOM TELECOMUNICACIONES: Eyes Sale of Biz to Telefonica, Vivendi
------------------------------------------------------------------
Maxcom Telecomunicaciones SAB is for sale and seeking bids from
Spain's Telefonica SA and France's Vivendi SA, Serena Saitto,
Jeffrey McCracken and Crayton Harrison at Bloomberg News report,
citing two people with knowledge of the situation.

According to the report, the sources said that the auction is
being run by Barclays Capital.  The report relates one source said
that Maxcom's market value is about US$133 million.  Some
preliminary offers put as much as a 40% premium on the equity, the
source added.

One source, the report notes, said that Maxcom plans to seek
offers in September, and potential bidders may include Telefonica
and Vivendi, as well as Mexican companies Megacable Holdings SAB,
Axtel SAB, Alestra SA and Grupo Televisa SA, said one of the
people.  However, the Bloomberg News relates that Antonia
Gutierrez, a spokeswoman for Maxcom, said the company has no
knowledge of the matter

Maxcom had about US$200 million of long-term debt at the end of
the second quarter.

                  About Maxcom Telecomunicaciones

Maxcom Telecomunicaciones SA de CV offers telecommunications
services.  The company offers local and long distance telephone
services to residences and small to medium-sized businesses, as
well as conference calling, data transmission, and high-speed
Internet access.  Maxcom is a facilities-based telecommunications
provider.

                           *     *     *

As of August 12, 2010, the company continues to carry Moody's "B3"
long-term, long-term corporate family, and senior unsecured debt
ratings.  The company also carries Standard and Poor's "B" issuer
credit ratings.


MEXICANA AIRLINES: Canadian Court Recognizes Concurso Proceeding
----------------------------------------------------------------
Mexicana Airlines sought and obtained a ruling from the Superior
Court of Canada Commercial Division in the District of Montreal
that would shield the company from lawsuits and block creditors
from seizing its assets.

The Honorable Brian Riordan, in an order dated August 5, 2010,
ruled that the insolvency case of Mexicana Airlines is recognized
as a foreign main proceeding under Canada's Companies' Creditors
Arrangement Act.  The order also recognized Maru Johansen as the
airline's foreign representative.

Ms. Johansen serves as Mexicana Airlines' U.S. vice-president of
legal affairs and corporate affairs.

The court order imposes an injunction prohibiting Mexicana
Airlines' creditors, suppliers or any entity from filing and
prosecuting lawsuits or any action against the airline, its
assets and the foreign representative unless there is approval
from the Canadian Court, the airline or its representative.  It
also prohibits Mexicana Airlines from selling or disposing any of
its assets in Canada without the Canadian Court's approval.

The injunction is good until November 10, 2010.

Justice Riordan also appointed Samson Belair Deloitte & Touche
Inc. as information officer to assist the foreign representative.
The firm is tasked to file a report every three months about the
status of the proceeding, among other things.

Both the foreign representative and the firm cannot be held
accountable or be sued in connection with the performance of
their duties, except with prior leave of the Canadian Court.

Mexicana Airlines was required to pay the fees and reimburse the
expenses of its foreign representative, Samson Belair and their
counsel.  To secure payment of their fees and expenses, they were
granted mortgage, security interest or liens worth up to $250,000
in Mexicana Airlines' properties, except for some of its
aircraft.

                      About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana. Two
other units are Aerovias Caribe S.A. de C.V. (Mexicana Click) and
Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Maru E. Johansen, foreign representative of Compania Mexicana,
estimated in the Chapter 15 petition that the company has assets
of US$500 million to US$1 billion and debts of more than
US$1 billion.  William C. Heuer, Esq., at Duane Morris LLP, serves
as counsel to Ms. Johansen.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings

Bankruptcy Creditors' Service, Inc., publishes Mexicana Airlines
Bankruptcy News.  The newsletter tracks the chapter 11 proceedings
and the ancillary proceedings undertaken by Compania Mexicana de
Aviacion and its units.  (http://bankrupt.com/newsstand/or
215/945-7000)


MEXICANA AIRLINES: ILFC, et al., Seek Relief From U.S. TRO
----------------------------------------------------------
International Lease Finance Corp., Whitney Ireland Leasing Ltd.
and Calliope Ltd. seek relief from the temporary restraining
order issued by a U.S. bankruptcy court in favor of Mexicana
Airlines.

Mexicana Airlines, otherwise known as Compania Mexicana de
Aviacion S.A. de C.V., earlier obtained a restraining order from
the U.S. Bankruptcy Court for the Southern District of New York
against creditors and other entities to ward off legal action
against the airline.

ILFC, Whitney Ireland and Calliope leased out some of their
aircraft to the airline.  Mexicana Airlines, however, allegedly
breached their lease contracts after it failed to make payments,
prompting the group to terminate the airline's rights under the
contracts.

The ILFC group earlier sent notices of termination to Mexicana
Airlines requiring the airline to make the necessary payments and
to return the aircraft.

The group's attorney, Scott Greissman, Esq., at White & Case LLP,
in New York, says the TRO should be dissolved because Mexicana
Airlines has no colorable claim to the aircraft.

"The imposition of the TRO does nothing to protect any legitimate
property interest of Mexicana," Mr. Greissman says in a motion
filed with the Court.  "To the contrary, it permits Mexicana to
continue to fly aircraft it has no right to fly with impunity."

"Mexicana cannot continue to improperly possess the ILFC group's
aircraft and the TRO should be dissolved to permit the ILFC group
to repossess its aircraft," he says.

Mr. Greissman further says that under bankruptcy law, the filing
of a bankruptcy petition cannot revive a lease that was
terminated prior to the commencement of a case.

The ILFC group also asks the Court to issue a declaration that
its lease contracts with Mexicana Airlines were already
terminated and that the automatic stay is not applicable to the
group and its aircraft if the Court issues an order recognizing
the airline's insolvency case in Mexico as a "foreign main
proceeding.

In connection with this, the ILFC group filed two other motions
seeking authorization to file under seal certain documents
containing "highly sensitive information" and seeking expedited
hearing on the group's request.

In a related development, Pacific Fuel Trading Corp., a fuel
supplier of Mexicana Airlines, filed a motion seeking either a
clarification that the TRO does not prevent it from terminating
its contract with the airline or relief from the TRO so that it
could terminate the contract.

Pacific Fuel argues that the TRO does not prohibit it from
exercising its contractual rights since it would not transfer,
encumber or dispose of the airline's assets.

The Court will consider approval of ILFC's and Pacific Fuel's
requests on August 16, 2010.  The Court directed ILFC Group to
file a supplemental memorandum of law.  Mexicana Airlines has
until August 13, 2010, to file its objection to the parties'
motion.

                      About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana. Two
other units are Aerovias Caribe S.A. de C.V. (Mexicana Click) and
Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Maru E. Johansen, foreign representative of Compania Mexicana,
estimated in the Chapter 15 petition that the company has assets
of US$500 million to US$1 billion and debts of more than
US$1 billion.  William C. Heuer, Esq., at Duane Morris LLP, serves
as counsel to Ms. Johansen.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings

Bankruptcy Creditors' Service, Inc., publishes Mexicana Airlines
Bankruptcy News.  The newsletter tracks the chapter 11 proceedings
and the ancillary proceedings undertaken by Compania Mexicana de
Aviacion and its units.  (http://bankrupt.com/newsstand/or
215/945-7000)


MEXICANA AIRLINES: Offers Unions Stake in Airline Under New Deal
----------------------------------------------------------------
Grupo Mexicana, otherwise known as Nuevo Grupo Aeronautico,
offered Mexicana Airlines pilots and flight attendants a stake in
the holding company in exchange for new labor terms.

In a statement dated August 10, 2010, Grupo Mexicana, which
controls the airline, said it offered pilots and flight
attendants a share of its capital stock, proportionate to
contributions made by their unions in their collective labor
contracts.  They were also offered a share in the stock of other
companies including MexicanaLoyalty and MexicanaMRO, according to
the statement.

To provide Mexicana Airlines with the capital injection it
needs, Grupo Mexicana said it will be inviting a "complementary
investment group," which will also be entitled to a share of its
capital stock.

In addition, stockholders are willing to dilute their share
participation to save the airline, according to the statement.

"Given the airline's cash flow problems and precarious financial
situation, time will be a determining factor," Grupo Mexicana
said.

"The fact that the company's unions have agreed to revise
collective contracts in the interests of cost efficiency is a
major step toward financial viability that will benefit not only
employees and passengers in the long term but Mexico's commercial
aviation industry in general," Grupo Mexicana pointed out.

Fernando Perfecto, head of the pilots' union ASPA, said the union
is interested in buying a stake and would modify its collective
bargaining contract to secure a deal, according to an August 10,
2010 report by Bloomberg News.

"Time is of the essence.  We want to rescue Mexicana and if we
have to assess our collective contract, without doubt we'll do
it," Bloomberg News quoted Mr. Perfecto as saying.

Talks between Grupo Mexicana and the pilots and flight attendants
unions have progressed in the past 10 days, according to the
statement.

ASPA has already spoken with at least three outside investors to
form a group to rescue the airline from bankruptcy, Mr. Perfecto
disclosed.  He refused to name the potential investors.

Lizette Clavel, ASSA secretary general, also disclosed that
Mexicana Airlines is in talks with "three important national
groups" as possible buyers.  She refused to name the investor
groups but columnists and analysts have suggested AeroMexico, a
rival company, as a potential buyer, according to an August 9,
2010 report by Reuters.

                      About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana. Two
other units are Aerovias Caribe S.A. de C.V. (Mexicana Click) and
Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Maru E. Johansen, foreign representative of Compania Mexicana,
estimated in the Chapter 15 petition that the company has assets
of US$500 million to US$1 billion and debts of more than
US$1 billion.  William C. Heuer, Esq., at Duane Morris LLP, serves
as counsel to Ms. Johansen.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings

Bankruptcy Creditors' Service, Inc., publishes Mexicana Airlines
Bankruptcy News.  The newsletter tracks the chapter 11 proceedings
and the ancillary proceedings undertaken by Compania Mexicana de
Aviacion and its units.  (http://bankrupt.com/newsstand/or
215/945-7000)


                            ***********

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
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Christopher Beard at 240/629-3300.


           * * * End of Transmission * * *