TCRLA_Public/100820.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 20, 2010, Vol. 11, No. 164

                            Headlines



A R G E N T I N A

ARTEL COMUNICACIONES: Creditors' Proofs of Debt Due on Sept. 23
REGION 4: Creditors' Proofs of Debt Due on September 23
SULFUR SA: Creditors' Proofs of Debt Due on September 28
TRANSERVICES SRL: Creditors' Proofs of Debt Due on October 8


B E R M U D A

CRM US: Creditors' Proofs of Debt Due on August 23
CRM US: Member to Receive Wind-Up Report on September 7
MERRYVALE LTD: Creditors' Proofs of Debt Due on August 19
MERRYVALE LTD: Members' Final Meeting Set for September 7
SONOMA LTD: Creditors' Proofs of Debt Due on August 19

SONOMA LTD: Members' Final Meeting Set for September 7
THREE TWENTY: Creditors' Proofs of Debt Due on August 19
THREE TWENTY: Members' Final Meeting Set for September 7


C A Y M A N  I S L A N D S

BAYSHORE FLOATING: Creditors' Proofs of Debt Due on September 16
BRUNSWICK RUSSIA: Creditors' Proofs of Debt Due on September 6
CRUSADER INTERNATIONAL: Creditors' Proofs of Debt Due on Sept. 16
EATON VANCE: Creditors' Proofs of Debt Due on September 16
EUREKA (EURO): Creditors' Proofs of Debt Due on September 13

EUREKA (US$): Creditors' Proofs of Debt Due on September 13
INVESTCORP MINI-FUND: Creditors' Proofs of Debt Due on Sept. 21
MANCHESTER TRUSTEES: Creditors' Proofs of Debt Due on Sept. 16
MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
MARSHALL WACE: Creditors' Proofs of Debt Due on September 13

MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
MIDORI CDO: Creditors' Proofs of Debt Due on September 16
MW GAVEKAL: Creditors' Proofs of Debt Due on September 13

NISR 3: Creditors' Proofs of Debt Due on September 16
PAN-STRATEGIES: Creditors' Proofs of Debt Due on September 13
PARMALAT CAPITAL: Creditors' Proofs of Debt Due on October 1
REV-TRANCHE: Commences Liquidation Proceedings
WISCONSIN HEALTH: Creditors' Proofs of Debt Due on September 16


C H I L E

EMPRESAS IANSA: Fitch Withdraws 'B-' Issuer Default Rating


E C U A D O R

PETROECUADOR: July Oil Exports Rise 20% to US$470 Million


J A M A I C A

JAMAICA RAILWAY CORP: Chairman Resigns From Board


P E R U

DOE RUN: To Convince Creditors to Restart La Oroya Smelter


P U E R T O  R I C O

CARIBBEAN PETROLEUM: Organizational Meeting Set for Aug. 26


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

OLINT CORP: U.S. Prosecutors Indict Former Owner


V E N E Z U E L A

ECONOINVEST CASA DE BOLSA: Will Be Liquidated




                         - - - - -


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


ARTEL COMUNICACIONES: Creditors' Proofs of Debt Due on Sept. 23
---------------------------------------------------------------
Jorge Jalfin, the court-appointed trustee for Artel Comunicaciones
SRL's reorganization proceedings, will be verifying creditors'
proofs of claim until September 23, 2010.

The trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 20 in Buenos Aires, with the assistance of Clerk
No. 40, 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.

Creditors will vote to ratify the completed settlement plan
during the assembly on June 22, 2011.

The Trustee can be reached at:

         Jorge Jalfin
         Sarmiento 1452
         Argentina


REGION 4: Creditors' Proofs of Debt Due on September 23
-------------------------------------------------------
Ricardo Agustin Sardon, the court-appointed trustee for Region 4
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until September 23, 2010.

Mr. Sardon will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 9 in Buenos Aires, with the assistance of Clerk
No. 18, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Ricardo Agustin Sardon
         Cerrito 1136
         Argentina


SULFUR SA: Creditors' Proofs of Debt Due on September 28
--------------------------------------------------------
Estudio Carlen, the court-appointed trustee for Sulfur SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until September 28, 2010.

The trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 19 in Buenos Aires, with the assistance of Clerk
No. 37, 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:

         Estudio Carlen
         Paulin, Sanzone y Asociados
         Argentina


TRANSERVICES SRL: Creditors' Proofs of Debt Due on October 8
------------------------------------------------------------
Nestor Monti, the court-appointed trustee for Transervices SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until October 8, 2010.

The trustee 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 Monti
         Avenida Cordoba 1525
         Argentina


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


CRM US: Creditors' Proofs of Debt Due on August 23
--------------------------------------------------
The creditors of CRM U.S. Value Fund, Ltd. are required to file
their proofs of debt by August 23, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 4, 2010.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place
         31 Victoria Street, Hamilton
         Bermuda


CRM US: Member to Receive Wind-Up Report on September 7
-------------------------------------------------------
The member of CRM U.S. Value Fund, Ltd. will receive, on
September 7, 2010, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on August 4, 2010.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place
         31 Victoria Street, Hamilton
         Bermuda


MERRYVALE LTD: Creditors' Proofs of Debt Due on August 19
---------------------------------------------------------
The creditors of Merryvale Ltd. are required to file their proofs
of debt by August 19, 2010, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 4, 2010.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson
         Bermuda


MERRYVALE LTD: Members' Final Meeting Set for September 7
---------------------------------------------------------
The members of Merryvale Ltd. will hold their final meeting, on
September 7, 2010, at 10:00 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 August 4, 2010.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson
         Bermuda


SONOMA LTD: Creditors' Proofs of Debt Due on August 19
------------------------------------------------------
The creditors of Sonoma Ltd. are required to file their proofs of
debt by August 19, 2010, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on August 4, 2010.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson
         Bermuda


SONOMA LTD: Members' Final Meeting Set for September 7
------------------------------------------------------
The members of Sonoma Ltd. will hold their final meeting, on
September 7, 2010, at 10:00 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 August 4, 2010.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson
         Bermuda


THREE TWENTY: Creditors' Proofs of Debt Due on August 19
--------------------------------------------------------
The creditors of Three Twenty NAT Ltd. are required to file their
proofs of debt by August 19, 2010, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 4, 2010.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson
         Bermuda


THREE TWENTY: Members' Final Meeting Set for September 7
--------------------------------------------------------
The members of Three Twenty NAT Ltd. will hold their final
meeting, on September 7, 2010, at 10:00 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 August 4, 2010.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson
         Bermuda


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


BAYSHORE FLOATING: Creditors' Proofs of Debt Due on September 16
----------------------------------------------------------------
The creditors of Bayshore Floating Rate Senior Loan Fund III
Limited are required to file their proofs of debt by September 16,
2010, to be included in the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         David Dyer
         c/o Elizabeth Watt
         Telephone: (345) 949-8244


BRUNSWICK RUSSIA: Creditors' Proofs of Debt Due on September 6
--------------------------------------------------------------
The creditors of Brunswick Russia Equity Fund I Limited are
required to file their proofs of debt by September 6, 2010, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on July 23, 2010.

The company's liquidator is:

         Ogier
         c/o Jennifer Parsons
         Telephone: (345) 949-9876
         Facsimile: (345) 949-9877
         c/o Ogier 89 Nexus Way
         Camana Bay Grand Cayman KY1-9007
         Cayman Islands


CRUSADER INTERNATIONAL: Creditors' Proofs of Debt Due on Sept. 16
-----------------------------------------------------------------
The creditors of Crusader International Factors Ltd. are required
to file their proofs of debt by September 16, 2010, to be included
in the company's dividend distribution.

The company commenced liquidation proceedings on July 23, 2010.

The company's liquidator is:

         Stuart Jessop
         c/o Fiona Moseley
         Telephone: (345) 949-1599


EATON VANCE: Creditors' Proofs of Debt Due on September 16
----------------------------------------------------------
The creditors of Eaton Vance Variable Leverage Fund Ltd. are
required to file their proofs of debt by September 16, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         David Dyer
         c/o Elizabeth Watt
         Telephone: (345) 949-8244


EUREKA (EURO): Creditors' Proofs of Debt Due on September 13
------------------------------------------------------------
The creditors of The Eureka (Euro) Fund Limited are required to
file their proofs of debt by September 13, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


EUREKA (US$): Creditors' Proofs of Debt Due on September 13
-----------------------------------------------------------
The creditors of The Eureka (US$) Fund Limited are required to
file their proofs of debt by September 13, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


INVESTCORP MINI-FUND: Creditors' Proofs of Debt Due on Sept. 21
---------------------------------------------------------------
The creditors of Investcorp Mini-Fund 12 Limited are required to
file their proofs of debt by September 21, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 4, 2010.

The company's liquidator is:

         Westport Services Ltd.
         c/o Bonnie Willkom
         Telephone: (345) 949-5122
         Facsimile: (345) 949-7920
         PO Box 1111, Grand Cayman KY1-1102
         Cayman Islands


MANCHESTER TRUSTEES: Creditors' Proofs of Debt Due on Sept. 16
--------------------------------------------------------------
The creditors of Manchester Trustees Limited are required to file
their proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         Walkers SPV Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House, 87 Mary Street
         George Town Grand Cayman KY1-9002
         Cayman Islands


MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
------------------------------------------------------------
The creditors of Marshall Wace Core Fund Limited are required to
file their proofs of debt by September 13, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
------------------------------------------------------------
The creditors of Marshall Wace Tops Fund Limited are required to
file their proofs of debt by September 13, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
------------------------------------------------------------
The creditors of Marshall Wace Manager Strategies Limited are
required to file their proofs of debt by September 13, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
------------------------------------------------------------
The creditors of Marshall Wace Tops Strategies Limited are
required to file their proofs of debt by September 13, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


MARSHALL WACE: Creditors' Proofs of Debt Due on September 13
------------------------------------------------------------
The creditors of Marshall Wace Americas Fund Limited are required
to file their proofs of debt by September 13, 2010, to be included
in the company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


MIDORI CDO: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------
The creditors of Midori CDO, Ltd are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         David Dyer
         c/o Elizabeth Watt
         Telephone: (345) 949-8244


MW GAVEKAL: Creditors' Proofs of Debt Due on September 13
---------------------------------------------------------
The creditors of MW Gavekal Fund Limited are required to file
their proofs of debt by September 13, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         John Sutlic
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


NISR 3: Creditors' Proofs of Debt Due on September 16
-----------------------------------------------------
The creditors of NISR 3 Limited are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         David Dyer
         c/o Elizabeth Watt
         Telephone: (345) 949-8244


PAN-STRATEGIES: Creditors' Proofs of Debt Due on September 13
-------------------------------------------------------------
The creditors of Pan-Strategies Fund Limited are required to file
their proofs of debt by September 13, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on July 28, 2010.

The company's liquidator is:

         Linburgh Martin
         c/o Kim Charaman
         Telephone: (345) 949-8455
         Facsimile: (345) 949-8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102


PARMALAT CAPITAL: Creditors' Proofs of Debt Due on October 1
------------------------------------------------------------
The creditors of Parmalat Capital Finance Limited are required to
file their proofs of debt by October 1, 2010, to be included in
the company's dividend distribution.

G. James Cleaver is the company's liquidator.


REV-TRANCHE: Commences Liquidation Proceedings
----------------------------------------------
Rev-Tranche II Finance Company commenced liquidation proceedings
on July 26, 2010.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

         Cititrust (Bahamas) Limited
         c/o Maples and Calder
         Attorneys-at-law
         PO Box 309, Ugland House, Grand Cayman KY1-1104
         Cayman Islands


WISCONSIN HEALTH: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------------
The creditors of Wisconsin Health Care Assurance Limited are
required to file their proofs of debt by September 16, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on July 23, 2010.

The company's liquidator is:

         K.D. Blake
         PO Box 493, Grand Cayman KY1-1106
         Cayman Islands
         Robert Arthur
         Telephone: 345-815-2637
         Facsimile: 345-949-7164
         P.O. Box 493, Grand Cayman KY1-1106
         Cayman Islands
         Telephone: 345-949-4800
         Facsimile: 345-949-7164


=========
C H I L E
=========


EMPRESAS IANSA: Fitch Withdraws 'B-' Issuer Default Rating
----------------------------------------------------------
Fitch Ratings has withdrawn these ratings for Empresas Iansa S.A.:

  -- Local currency Issuer Default Rating at 'B-';
  -- Foreign currency IDR at 'B-';
  -- Senior unsecured notes due 2012 at 'B+/RR2';
  -- National Scale at 'BB-(cl)'.
  -- National Scale Equity at 'Level 4'.

Fitch will no longer provide a rating or analytical coverage of
Iansa.  The company requested that Fitch withdraw the ratings, and
as a result, Fitch does not expect to receive the information
necessary for maintaining Iansa's ratings going forward.


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


PETROECUADOR: July Oil Exports Rise 20% to US$470 Million
---------------------------------------------------------
Petroecuador reported oil-export revenue of US$470 million in
July, a 20% increase from the US$392 million in July 2009,
Mercedes Alvaro at Dow Jones Newswires reports.

According to the report, by volume, Petroecuador exported 6.78
million barrels of crude oil in July, a decrease of 3% from the
7.02 million barrels registered in the same month of 2009.  The
report relates that it translates into exports of 218,586 barrels
a day in July, down from 226,452 barrels a day registered in the
same month of 2009.

The report notes that exports of Oriente crude were 4.81 million
barrels in July, while exports of Napo crude were 1.97 million
barrels.  The report says that average price of Oriente crude in
July was US$69.90 per barrel, while the average price of Napo
crude was US$67.99 per barrel.

Petroecuador reported oil-export revenue of US$553.5 million in
June 2010, the report adds.

                         About Petroecuador

Headquartered in Quito, Ecuador, Petroecuador --
http://www.petroecuador.com.ec-- is an international oil company
owned by the Ecuador government.  It produces crude petroleum and
natural gas.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
December 28, 2009, Dow Jones Newswires said that Ecuadorian
President Rafael Correa authorized naval forces to extend its
control of Petroecuador until March as more time was needed for an
orderly handover of the company to a new management structure. The
report recalled that Petroecuador was declared in a state of
emergency two years ago, and the navy has been put in charge of
its restructuring.


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


JAMAICA RAILWAY CORP: Chairman Resigns From Board
-------------------------------------------------
The Transport Minister has confirmed the resignation of Harold
Brady, as Chairman of the Board of the Jamaica Railway
Corporation, RadioJamaica reports.  The report relates that Mr.
Brady's departure comes more than two months before the October 31
expiration of the life of the Board of the JRC.

In his resignation letter, a copy of which was obtained by the
news agency, Mr. Brady hinted at a possible conflict of interest.
The report relates Mr. Brandy revealed that recent developments in
his firm's international relationships could result in a conflict
of interest between his position as JRC Chairman and Board member
and his law firm Brady and Company.

According to the report, Mr. Brady's resignation caused some
concern among government officials, as his departure brought an
abrupt halt to the Transport Ministry's plans to divest the
failing JRC as quickly as possible.  The report recalls that the
Railway Corporation ceased operations several years ago and is now
on the list of entities to be merged and retained by the Transport
Ministry.

RadioJamaica says that one recommendation outlined in the Public
Sector Master Rationalization Plan called for the Island Traffic
Authority and the transport and authority regulatory functions of
the Corporation to be merged and named the Land Transport
Authority.

The Ministry of Transport noted that the scheduled resumption of
rail services had, however, been delayed to allow the company to
have discussions with an overseas group which had expressed an
interest in participating in the joint venture, the report adds.

                 About Jamaica Railway Corporation

The Jamaica Railway Corporation was established under the Jamaica
Railway Corporation Act.  The corporation is established to
control the expenditure of the corporation whether on revenue or
capital account; to ensure that the annual revenues of the
corporation are sufficient to meet all charges properly chargeable
to revenue; and to direct and control any expansion or extension
of the railway and the construction of any new railway.


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


DOE RUN: To Convince Creditors to Restart La Oroya Smelter
----------------------------------------------------------
Doe Run Peru still aims to convince creditors that its plan for
resolving its financial difficulties and restarting operations at
the polymetallic smelter in La Oroya is the most feasible and
beneficial alternative, Steel Guru News reports, citing Business
News Americas.  The report relates an unnamed source said that Doe
Run Peru said that it will continue to insist on the proposal to
restart operations and pay debts to its creditors, adding that the
company believes it is the only realistic alternative that has
financing.

As reported in the Troubled Company Reporter-Latin America on
July 21, 2010, Business News Americas said that Doe Run Peru has
drawn up a 48-month plan to pay back the principal of its US$97
million debt to its creditors.  According to the report, the
company would start to make monthly payments to creditors two
months after operations restart at its polymetallic smelter in La
Oroya.  The report related that the plan involves repaying US$26
million during the remainder of 2010, US$25 million in 2011 and
the remaining US$46 million in 2012.  The company told creditors
that payments of the interest will begin one month after the
principal is repaid, the report said.

However, Steel Guru News says that on August 16, 2010, competition
regulator Indecopi began proceedings by calling on creditors to
present documentation confirming their debts with the company that
could result in the creditors deciding to liquidate the company
and sell its assets to repay the debts.  The report relates that
if the majority of creditors agree, however, they may draw up a
restructuring plan to restart operations at the facility.

The source, the report notes, said that the liquidation of the
company would leave many issues unresolved, such as the employment
of some 3,500 workers and the completion of the environmental
cleanup.

Meanwhile, the report says, there are concerns that the
proceedings may become political due to the involvement of
government tax agency Sunat, which is owed more than US$270
million by Doe Run Peru.  The report relates that the source said:
"There is a very clear risk that the government will enter the
proceedings with debts owed to Sunat.  It will convert the state
into an important creditor with a lot of power in the group of
creditors."

                      About Doe Run Peru

Doe Run Company 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.  Doe Run Peru is a subsidiary of the
company.  Doe Run Peru operates a polymetallic smelter at La Oroya
and copper mine at Cobriza both in Peru.

                           *     *     *

As of June 21, 2010, the company continues to carry Moody's bank
financial strength rating at "D-" and Fitch Ratings' individual
rating at "D".


====================
P U E R T O  R I C O
====================


CARIBBEAN PETROLEUM: Organizational Meeting Set for Aug. 26
-----------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on August 26, 2010, at
10:00 a.m. in the bankruptcy case of Caribbean Petroleum Corp., et
al.  The meeting will be held at J. Caleb Boggs Federal Building,
844 King Street, Room 5209, Wilmington, DE 19801.

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' cases.

The organizational meeting is not the meeting of creditors
pursuant to Section 341 of the Bankruptcy Code.  A representative
of the Debtor, however, may attend the Organizational Meeting, and
provide background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States
Trustee appoint a committee of unsecured creditors as soon as
practicable.  The Committee ordinarily consists of the persons,
willing to serve, that hold the seven largest unsecured claims
against the debtor of the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee
may consult with the debtor, investigate the debtor and its
business operations and participate in the formulation of a plan
of reorganization.  The Committee may also perform other services
as are in the interests of the unsecured creditors whom it
represents.

San Juan, Puerto Rico-based Caribbean Petroleum Corporation
aka CAPECO owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.

Caribbean Petroleum filed for Chapter 11 protection on August 12,
2010 (Bankr. D. Del. Case No. 10-12553).  Jason M. Madron, Esq.,
at Richards, Layton & Finger, P.A., assists the Debtor in its
restructuring effort.  Cadwalader, Wickersham & Taft LLP is the
Debtor's co-counsel.  FTI Consulting Inc. is the Debtor's
financial advisor.  Kevin Lavin of FTI Consulting Inc. is the
Debtor's chief restructuring officer.

The Debtor estimated its assets at US$100 million to US$500
million and its debts at US$500 million to US$1 billion in its
Chapter 11 petition.

Affiliates Caribbean Petroleum Refining, L.P. (Bankr. D. Del. Case
No. 10-12554), and Gulf Petroleum Refining (Puerto Rico)
Corporation (Bankr. D. Del. Case No. 10-12555), filed separate
Chapter 11 petitions on August 12, 2010.


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


OLINT CORP: U.S. Prosecutors Indict Former Owner
------------------------------------------------
Arthur Hall, senior staff reporter at The Jamaica Gleaner, reports
that David Smith, the former head of the failed foreign currency
trading scheme Olint Corp., has been indicted on 23 charges in the
United States.

Mr. Hall relates that in the indictment handed down in the U.S.
District Court for the Middle District of Florida, Orlando
Division Wednesday, Mr. Smith is charged with four counts of wire
fraud, one count of conspiracy to commit money laundering and 18
counts of money laundering to conceal specified unlawful activity.

According to The Gleaner, U.S. authorities are also seeking to
seize US$128 million which they claim Mr. Smith gained through
wire fraud and they are requesting that the court allow them to
seize premises in Florida which Mr. Smith purchased allegedly with
criminal proceeds, as well as precious gemstones and metals,
jewellery and other property which are owned by him.

Mr. Hall reports that Mr. Smith is on bail in the Turks and Caicos
Islands, where he is facing 30 charges and is now expected to be
the subject of an extradition request from the US.

The report relates that U.S. authorities claim Mr. Smith's
fraudulent transactions started no later than February 2005 and
continued through July 2008, during which Mr. Smith "knowingly,
wilfully and with intent to defraud, did devise a scheme and
artifice to defraud investors, and for obtaining money and
property from investors by means of false and fraudulent
pretences, representations and promises . . . ."

Mr. Hall says according to the prosecutors, Mr. Smith did not
invest the money in foreign-exchange trading as promised, while
sending his clients false statements about their accounts.

The prosecutors said those investors who did get returns received
money from new investors rather than any profit earned, as Mr.
Smith operated what was in effect a Ponzi scheme, the report
relates.

The report adds that the indictment claims Mr. Smith transferred
millions of dollars of his clients money into his private bank
accounts, "which he used to finance a lavish and expensive
lifestyle and from which he and others received millions of
dollars in goods, services and other benefits".

Mr. Hall relates that the prosecutors also accuse Mr. Smith of
conducting financial transactions knowing that the money he was
dealing with was the proceeds of some form of unlawful activity.


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


ECONOINVEST CASA DE BOLSA: Will Be Liquidated
---------------------------------------------
Venezuela receiver Nahunimar Castillo said that Econoinvest Casa
de Bolsa, Venezuela's largest brokerage, will be liquidated,
Charlie Devereux at Bloomberg News reports, citing state-run
Venezuelan News Agency, AVN.

According to the report, the board assigned by the securities
regulator to administer Econoinvest, which was taken over by the
government as part of an investigation into irregularities in
government bond operations, is accelerating payments to investors
in order to complete the process of liquidation.

A spokeswoman working for the board declined to comment when
contacted by Bloomberg News.


                            ***********

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 * * *