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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, November 5, 2010, Vol. 11, No. 219
Headlines
A R G E N T I N A
AYERBE ENTERTAINMENT: Creditors' Proofs of Debt Due December 16
AUTOPISTAS DEL: S&P Raises Senior Unsecured Rating to 'B-'
BANCO SANTANDER: Moody's Corrects Press Release on 'Ba1' Rating
BIOPLAS SRL: Creditors' Proofs of Debt Due December 20
CEREALES 11: Creditors' Proofs of Debt Due December 28
COTYLA SRL: Creditors' Proofs of Debt Due November 8
FONDO PREMIER: Moody's Assigns 'B2' Global Bond Fund Scale Fund
KML MOTORS: Creditors' Proofs of Debt Due November 22
MELPELA SRL: Creditors' Proofs of Debt Due December 20
PET'S GROUP: Creditors' Proofs of Debt Due November 18
PETRYNOR SA: Creditors' Proofs of Debt Due December 27
PRAIANA SRL: Creditors' Proofs of Debt Due December 21
ROSSTOC SA: Requests for Preventive Contest
RUTAS AL: Requests for Preventive Contest
WORLD CARGO: Asks for Declaration of Bankruptcy
B E R M U D A
CLARKSON INTERNATIONAL: Creditors' Proofs of Debt Due November 16
CLARKSON INTERNATIONAL: Members' Final Meeting Set for December 9
CLARKSON PACIFIC: Creditors' Proofs of Debt Due November 16
CLARKSON PACIFIC: Members' Final Meeting Set for December 9
CONSEILLER LTD: Creditors' Proofs of Debt Due November 8
CONSEILLER LTD: Members' Final Meeting Set for November 26
CONSEILLER MF: Creditors' Proofs of Debt Due November 8
CONSEILLER MF: Members' Final Meeting Set for November 26
DUMBARTON LTD: Creditors' Proofs of Debt Due November 8
DUMBARTON LTD: Sole Member to Receive Wind-Up Report on Nov. 22
ENERGY XXI: Amends Exchange Offer for 7.25% Convertible Stock
C A Y M A N I S L A N D S
ACP GLOBAL: Shareholders' Final Meeting Set for November 26
ALLIANCE COLLATERALIZED: Creditors' Proofs of Debt Due November 25
ALPHA MEZZ: Creditors' Proofs of Debt Due November 25
ATHOS FUNDING: Creditors' Proofs of Debt Due November 25
BEAR STEARNS: Creditors' Proofs of Debt Due November 25
BENSON ELLIOT: Creditors' Proofs of Debt Due November 16
BRUNSWICK PARTNERS: Creditors' Proofs of Debt Due November 30
CASAM BORNEO: Creditors' Proofs of Debt Due November 25
CASAM GALAPAGOS: Creditors' Proofs of Debt Due November 25
CORAL BAY: Creditors' Proofs of Debt Due November 25
DUNE INVESTMENTS: Shareholders' Final Meeting Set for November 30
GOLDMAN SACHS: Shareholders' Final Meeting Set for Nov. 26
GREAT OAKS: Creditors' Proofs of Debt Due November 15
MINDEN AVENUE: Shareholders' Final Meeting Set for Nov. 25
OOJOO ABSOLUTE: Members' Final Meeting Set for November 30
PROFESSIONAL UNDERWRITERS: Members' Final Meeting Set for Dec. 2
REVEILLE CAPITAL: Creditors' Proofs of Debt Due November 25
SAIL ASIA: Shareholders' Final Meeting Set for November 30
STAMFORD GLOBAL: Shareholders' Final Meeting Set for Nov. 29
YORK REFRIGERATION: Shareholders' Final Meeting Set for Nov. 26
- - - - -
=================
A R G E N T I N A
=================
AYERBE ENTERTAINMENT: Creditors' Proofs of Debt Due December 16
---------------------------------------------------------------
Amalia Beckerman, the court-appointed trustee for Ayerbe
Entertainment SRL's bankruptcy proceedings, will be verifying
creditors' proofs of claim until December 16, 2010.
Ms. Beckerman 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:
Amalia Beckerman
Tucuman 1367
Argentina
AUTOPISTAS DEL: S&P Raises Senior Unsecured Rating to 'B-'
----------------------------------------------------------
Standard & Poor's Ratings Services raised its senior unsecured
rating on Argentine toll road operator Autopistas Del Sol S.A. to
'B-' from 'D'.
The upgrade follows Ausol's announcement that it had cancelled all
unpaid and accrued amounts on the notes due 2014 and 2017 held by
creditors who did not participate in the restructuring completed
on Oct. 4, 2010. With those payments, the notes-with outstanding
balances of US$6.8 million and US$6.5 million-are now current, and
S&P expects the company to comply with the original payment
schedule.
Ratings List
Upgraded
Autopistas Del Sol S.A.
Senior Unsecured
To From
-- ----
Foreign Currency B- D
National Scale raBBB-/Stable D
BANCO SANTANDER: Moody's Corrects Press Release on 'Ba1' Rating
---------------------------------------------------------------
Global local and foreign currency debt program's ratings listed
incorrectly as Ba1 and B2 have been revised to (P)Ba1 and (P)B2.
Revised release is:
Moody's Latin America assigned Aaa.ar and Aa3.ar national scale
local and foreign currency debt ratings to Banco Santander Rio's
senior debt program in the amount of US$500 million. In addition,
a national scale local currency debt rating of Aaa.ar was assigned
to the expected first issuance of the program, amounting Ar$250
million.
At the same time, Moody's Investors Service assigned (P)Ba1 and
(P)B2 global local and foreign currency debt ratings to the
program, as well as a Ba1 global local-currency debt rating to the
expected first issuance. The outlook for all ratings is stable.
The program allows for multicurrency debt issuances and is
governed by Argentinean law.
These ratings were assigned to Banco Santander Rio S.A.:
US$ 500 million (or its equivalent in other currencies) senior
debt program:
-- (P)Ba1 Global Local Currency Debt Rating, with stable outlook
-- (P)B2 Global Foreign Currency Debt Rating, with stable
outlook
-- Aaa.ar Argentina National Scale Local Currency Debt Rating
-- Aa3.ar Argentina National Scale Foreign Currency Debt Rating
First Issuance of Ar$250 million:
-- Ba1 Global Local Currency Debt Rating, with stable outlook
-- Aaa.ar Argentina National Scale Local Currency Debt Rating
Ratings Rationale
Moody's noted that seniority was taken into consideration in the
assignment of the debt ratings.
Banco Santander Rio S.A. is headquartered in Buenos Aires, with
assets of Ar$29.6 billion and loans of Ar$17.1 billion as of
June 30, 2010.
BIOPLAS SRL: Creditors' Proofs of Debt Due December 20
------------------------------------------------------
Lidia Margarita Diaz, the court-appointed trustee for Bioplas
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until December 20, 2010.
Ms. Diaz will present the validated claims in court as individual
reports. The National Commercial Court of First Instance No. 1 in
Buenos Aires, with the assistance of Clerk No. 1, 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:
Lidia Margarita Diaz
Avenida Independencia 2031
Argentina
CEREALES 11: Creditors' Proofs of Debt Due December 28
------------------------------------------------------
Silvia Jorgelina Zajac, the court-appointed trustee for Cereales
11 de Septiembre SRL's bankruptcy proceedings, will be verifying
creditors' proofs of claim until December 28, 2010.
Ms. Zajac will present the validated claims in court as individual
reports. The National Commercial Court of First Instance No. 17
in Buenos Aires, with the assistance of Clerk No. 34, will
determine if the verified claims are admissible, taking into
account the trustee's opinion, and the objections and challenges
that will be raised by the company and its creditors.
The Trustee can be reached at:
Silvia Jorgelina Zajac
Panama 894
Argentina
COTYLA SRL: Creditors' Proofs of Debt Due November 8
----------------------------------------------------
Miguel Kupchik, the court-appointed trustee for Cotyla SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until November 8, 2010.
Mr. Kupchik 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. 17, 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:
Miguel Kupchik
San Luis 3067
Argentina
FONDO PREMIER: Moody's Assigns 'B2' Global Bond Fund Scale Fund
---------------------------------------------------------------
Moody's has assigned first-time ratings to Fondo Premier PyMe, a
fund managed by Supervielle Asset Management Argentina S.A, which
main objective is to provide finance to Argentinean SME's through
mainly investing in listed secured checks.
The ratings include a global bond fund scale fund rating of B2 and
a national scale fund rating of A2.ar. Moody's has also assigned
a market risk rating of MR4 to the fund, which denotes "medium to
high sensitivity" to interest rate changes and other market
movements.
"The ratings are based on Moody's expectations that the Premier
FCI PyMe fund will maintain a minimum of 70% in investments in
listed checks issued by local SME's and guaranteed by local
financial guarantors the majority of which are rated B2 by
Moody's. The balance of the assets are expected to have exposure
to Valores de Corto Plazo (Commercial Paper) and asset-backed
securities, all issued by Argentinean SMEs [and cash?]. The fund
will maintain a maturity-adjusted weighted average credit quality
consistent with its rating level of B2/A2.ar," said Moody's lead
analyst Carlos de Nevares.
"The main investor for this fund is the ANSES, which is the
Nationalized Pension Fund, which is looking to access investments
in the Argentinean SME's to promote their development", de Nevares
added. The Premier FCI PyMe is a financial vehicle for the
National Pension fund to provide funding to this economic sector.
The fund's MR4 market risk rating incorporates the agency's
opinion of the fund's exposure to pricing risks arising from the
relative illiquidity of the listed secured checks in difficult
capital market conditions. Moody's expects the fund will target a
weighted average maturity of 200 days, which limits the fund's
exposure to interest rate risk and will provide support for its
market risk rating. However, the fund may invest mainly in
securities, such as listed secured checks, commercial papers and
asset backed securities issued by SMEs, which have limited
secondary markets. If, in order to meet investor redemptions, the
fund manager would need to sell these securities, the fund may
have realized losses, thereby increasing the volatility of fund
net asset value. Given the fund's limited track record, Moody's
has supplemented it evaluation by analyzing the historical NAV
volatility of other funds with similar strategies.
Supervielle Asset Management S.A. is an Argentina-domiciled
subsidiary of Grupo Financiero Supervielle. As of September 2010,
Supervielle managed investments of approximately Ar$570 million
(US$146 million).
Moody's National Scale Ratings are intended as relative measures
of creditworthiness among debt issues and issuers within a
country, enabling market participants to better differentiate
relative risks. NSRs differ from Moody's global scale ratings in
that they are not globally comparable with the full universe of
Moody's rated entities, but only with NSRs for other rated debt
issues and issuers within the same country. NSRs are designated
by a ".nn" country modifier signifying the relevant country, as in
".ar" for Argentina.
MOODY'S adopts all necessary measures so that the information it
uses in assigning a credit rating is of sufficient quality and
from sources MOODY'S considers to be reliable including, when
appropriate, independent third-party sources. However, MOODY'S is
not an auditor and cannot in every instance independently verify
or validate information received in the rating process.
KML MOTORS: Creditors' Proofs of Debt Due November 22
-----------------------------------------------------
Horacio Fernando Crespo, the court-appointed trustee for KML
Motors SRL's bankruptcy proceedings, will be verifying creditors'
proofs of claim until November 22, 2010.
Mr. Crespo 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. 38, 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:
Horacio Fernando Crespo
Maipu 464
Argentina
MELPELA SRL: Creditors' Proofs of Debt Due December 20
------------------------------------------------------
Manuel Camilo Arias, the court-appointed trustee for Melpela SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until December 20, 2010.
Mr. Arias will present the validated claims in court as individual
reports. The National Commercial Court of First Instance No. 1 in
Buenos Aires, with the assistance of Clerk No. 1, 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:
Manuel Camilo Arias
Congreso 2629
Argentina
PET'S GROUP: Creditors' Proofs of Debt Due November 18
------------------------------------------------------
Violeta Alida Silvana Tombola, the court-appointed trustee for
Pet's Group SA's reorganization proceedings, will be verifying
creditors' proofs of claim until November 18, 2010.
Ms. Tombola will present the validated claims in court as
individual reports. The National Commercial Court of First
Instance No. 21 in Buenos Aires, with the assistance of Clerk
No. 41, 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:
Violeta Alida Silvana Tombola
Aranguren 1523/25
Argentina
PETRYNOR SA: Creditors' Proofs of Debt Due December 27
------------------------------------------------------
Elsa Taborcias, the court-appointed trustee for Petrynor SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until December 27, 2010.
Ms. Taborcias will present the validated claims in court as
individual reports. The National Commercial Court of First
Instance No. 14 in Buenos Aires, with the assistance of Clerk
No. 28, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.
The Trustee can be reached at:
Elsa Taborcias
Virasoro 1425
Argentina
PRAIANA SRL: Creditors' Proofs of Debt Due December 21
------------------------------------------------------
Graciela Esther Palma, the court-appointed trustee for Praiana
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until December 21, 2010.
Ms. Palma will present the validated claims in court as individual
reports. The National Commercial Court of First Instance No. 7 in
Buenos Aires, with the assistance of Clerk No. 13, 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:
Graciela Esther Palma
Avenida Cordoba 1351
Argentina
ROSSTOC SA: Requests for Preventive Contest
-------------------------------------------
Rosstoc SA requested for preventive contest.
RUTAS AL: Requests for Preventive Contest
-----------------------------------------
Rutas al Sur SA requested for preventive contest.
WORLD CARGO: Asks for Declaration of Bankruptcy
-----------------------------------------------
World Cargo International SRL asked for the declaration of its own
bankruptcy.
The company stopped making payments last January 4.
=============
B E R M U D A
=============
CLARKSON INTERNATIONAL: Creditors' Proofs of Debt Due November 16
-----------------------------------------------------------------
The creditors of Clarkson International Limited are required to
file their proofs of debt by November 16, 2010, to be included in
the company's dividend distribution.
The company commenced wind-up proceedings on October 21, 2010.
The company's liquidator is:
Jennifer M. Kelly
Par La Ville Place, 3rd Floor
14 Par La Ville Road, Hamilton
Bermuda
CLARKSON INTERNATIONAL: Members' Final Meeting Set for December 9
-----------------------------------------------------------------
The members of Clarkson International Limited will hold their
final meeting on December 9, 2010, to receive the liquidator's
report on the company's wind-up proceedings and property disposal.
CLARKSON PACIFIC: Creditors' Proofs of Debt Due November 16
-----------------------------------------------------------
The creditors of Clarkson Pacific Limited are required to file
their proofs of debt by November 16, 2010, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on October 21, 2010.
The company's liquidator is:
Jennifer M. Kelly
Par La Ville Place, 3rd Floor
14 Par La Ville Road, Hamilton
Bermuda
CLARKSON PACIFIC: Members' Final Meeting Set for December 9
-----------------------------------------------------------
The members of Clarkson Pacific Limited will hold their final
meeting on December 9, 2010, to receive the liquidator's report on
the company's wind-up proceedings and property disposal.
The company commenced wind-up proceedings on October 21, 2010.
The company's liquidator is:
Jennifer M. Kelly
Par La Ville Place, 3rd Floor
14 Par La Ville Road, Hamilton
Bermuda
CONSEILLER LTD: Creditors' Proofs of Debt Due November 8
--------------------------------------------------------
The creditors of Conseiller Ltd. are required to file their proofs
of debt by November 8, 2010, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on October 20, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House, Church Street
Hamilton
Bermuda
CONSEILLER LTD: Members' Final Meeting Set for November 26
----------------------------------------------------------
The members of Conseiller Ltd. will hold their final meeting on
November 26, 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 October 20, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House, Church Street
Hamilton
Bermuda
CONSEILLER MF: Creditors' Proofs of Debt Due November 8
-------------------------------------------------------
The creditors of Conseiller MF Ltd. are required to file their
proofs of debt by November 8, 2010, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on October 20, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House, Church Street
Hamilton
Bermuda
CONSEILLER MF: Members' Final Meeting Set for November 26
---------------------------------------------------------
The members of Conseiller MF Ltd. will hold their final meeting on
November 26, 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 October 20, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House, Church Street
Hamilton
Bermuda
DUMBARTON LTD: Creditors' Proofs of Debt Due November 8
-------------------------------------------------------
The creditors of Dumbarton, Ltd. are required to file their proofs
of debt by November 8, 2010, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on October 21, 2010.
The company's liquidator is:
Ernest Morrison
Cox Hallett Wilkinson
Bermuda
DUMBARTON LTD: Sole Member to Receive Wind-Up Report on Nov. 22
---------------------------------------------------------------
The sole member of Dumbarton, Ltd. will receive on November 22,
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 October 21, 2010.
The company's liquidator is:
Ernest Morrison
Cox Hallett Wilkinson
Bermuda
ENERGY XXI: Amends Exchange Offer for 7.25% Convertible Stock
-------------------------------------------------------------
Energy XXI (Bermuda) Limited has amended its previously announced
exchange offer in respect of its 7.25% Convertible Perpetual
Preferred Stock, pursuant to its offer to exchange dated Oct. 21,
2010 (the "Offer to Exchange"), as amended by the First Supplement
to the Offer to Exchange dated Nov. 3, 2010, and the accompanying
letter of transmittal.
The Company commenced an offer to exchange any and all shares of
outstanding Preferred Stock properly tendered and accepted by the
Company for newly issued shares of the Company's common stock and
a cash payment.
The Company is amending the terms of the exchange offer:
-- Adjustment to Expiration Consideration. In exchange for each
share of Preferred Stock properly tendered (and not validly
withdrawn) and accepted by the Company: (i) by 5:00 p.m.,
New York City time, on Nov. 4, 2010, participating holders \
of Preferred Stock will receive the following consideration
per share of Preferred Stock: (a) 8.77192 shares of the
common stock and (b) a cash payment of $19.00; and (ii)
after the Early Tender Date but prior to Midnight, New York
City time, on Nov. 18, 2010 (such time and date, as the same
may be extended, the "Expiration Date"), participating
holders of Preferred Stock will receive the following
consideration per share of Preferred Stock: (a) 8.77192
shares of the common stock and (b) a cash payment of $19.00.
In addition, holders will receive in respect of their shares
of Preferred Stock that are accepted for exchange, accrued
and unpaid dividends on such Preferred Stock up to, but not
including, the settlement date of the exchange offer.
Consequently, the Expiration Consideration is now equal to
the Early Tender Consideration.
The Company has been advised by the exchange agent for the
exchange offer that, as of 5:00 p.m., New York City time, on
Nov. 2, 2010, approximately 100,930 shares of Preferred Stock had
been tendered and not withdrawn.
The exchange offer will expire at Midnight, New York City time, on
Nov. 18, 2010, unless extended or earlier terminated by the
Company. Tendered Preferred Stock may be withdrawn at any time
prior to the expiration of the exchange offer. In addition,
holders may withdraw any tendered shares of Preferred Stock that
are not accepted by the Company for exchange after the expiration
of 40 business days following the commencement of the exchange
offer. The exchange offer is not conditioned upon any minimum
number of shares of Preferred Stock being tendered.
Continental Stock Transfer & Trust Company is acting as the
exchange agent for the exchange offer and D.F. King & Co., Inc. is
acting as the information agent for the exchange offer.
About Energy XXI (Bermuda) Limited
Founded in 2005, Energy XXI (Bermuda) Limited (LSE:EGY) --
http://www.energyxxi.com/-- is an independent oil and natural gas
exploration and production company whose growth strategy
emphasizes acquisitions, enhanced by its value-added organic
drilling program. The company's properties are primarily located
in the U.S. Gulf of Mexico waters and the Gulf Coast onshore.
* * *
As reported in the Troubled Company Reporter on November 4, 2010,
Standard & Poor's Ratings Services raised its corporate credit
rating on exploration and production company Energy XXI (Bermuda)
Ltd. to 'B' from 'B-'.The outlook is stable. In addition, S&P
raised the ratings of the second lien and senior unsecured debt by
one notch to 'BB-' and 'B+', respectively. The respective
recovery ratings are unchanged.
==========================
C A Y M A N I S L A N D S
==========================
ACP GLOBAL: Shareholders' Final Meeting Set for November 26
-----------------------------------------------------------
The shareholders of ACP Global Opportunities Fund Inc. will hold
their final meeting on November 26, 2010, at 8:30 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street
George Town Grand Cayman, KY1-9002
Cayman Islands
ALLIANCE COLLATERALIZED: Creditors' Proofs of Debt Due November 25
------------------------------------------------------------------
The creditors of Alliance Collateralized Holdings Ltd. are
required to file their proofs of debt by November 25, 2010, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on October 14, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
ALPHA MEZZ: Creditors' Proofs of Debt Due November 25
-----------------------------------------------------
The creditors of Alpha Mezz CDO 2007-1, Ltd. are required to file
their proofs of debt by November 25, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on October 14, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
ATHOS FUNDING: Creditors' Proofs of Debt Due November 25
--------------------------------------------------------
The creditors of Athos Funding, Ltd. are required to file their
proofs of debt by November 25, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on October 14, 2010.
The company's liquidator is:
Victor Murray
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
BEAR STEARNS: Creditors' Proofs of Debt Due November 25
-------------------------------------------------------
The creditors of Bear Stearns Global Asset Holdings, Ltd. are
required to file their proofs of debt by November 25, 2010, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on October 6, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
BENSON ELLIOT: Creditors' Proofs of Debt Due November 16
--------------------------------------------------------
The creditors of Benson Elliot Real Estate Finance II Ltd are
required to file their proofs of debt by November 16, 2010, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on October 7, 2010.
The company's liquidator is:
CDL Company Ltd.
P.O. Box 31106, Grand Cayman KY1-1205
Cayman Islands
BRUNSWICK PARTNERS: Creditors' Proofs of Debt Due November 30
-------------------------------------------------------------
The creditors of Brunswick Partners Two Limited are required to
file their proofs of debt by November 30, 2010, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on October 6, 2010.
The company's liquidator is:
Edward Allanby
c/o Maples and Calder, Attorneys-at-law
PO Box 309, Ugland House
Grand Cayman KY1-1104
Cayman Islands
CASAM BORNEO: Creditors' Proofs of Debt Due November 25
-------------------------------------------------------
The creditors of Casam Borneo Fund Limited are required to file
their proofs of debt by November 25, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on October 15, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
CASAM GALAPAGOS: Creditors' Proofs of Debt Due November 25
----------------------------------------------------------
The creditors of Casam Galapagos Fund Limited are required to file
their proofs of debt by November 25, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on October 15, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
CORAL BAY: Creditors' Proofs of Debt Due November 25
----------------------------------------------------
The creditors of Coral Bay Leasing & Finance Limited are required
to file their proofs of debt by November 25, 2010, to be included
in the company's dividend distribution.
The company's liquidator is:
Bernard McGrath
69 Dr. Roy's Drive
PO Box 1043 Grand Cayman KY1-1102
Cayman Islands
DUNE INVESTMENTS: Shareholders' Final Meeting Set for November 30
-----------------------------------------------------------------
The shareholders of Dune Investments Ltd. will hold their final
meeting on November 30, 2010, at 9:00 a.m., to receive the
liquidators' report on the company's wind-up proceedings and
property disposal.
The company's liquidators are:
Stuart Brankin
Desmond Campbell
Telephone: (345) 949 5586
c/o Aston Corporate Managers, Ltd.
P.O. Box 1981, Grand Cayman KY1-1104
Cayman Islands
GOLDMAN SACHS: Shareholders' Final Meeting Set for Nov. 26
----------------------------------------------------------
The shareholders of Goldman Sachs Strategic U.S. Long/Short
Partners, Ltd. will hold their final meeting on November 26, 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:
Walkers Corporate Services Limited
Walker House, 87 Mary Street
George Town, Grand Cayman KY1-9002
Cayman Islands
GREAT OAKS: Creditors' Proofs of Debt Due November 15
-----------------------------------------------------
The creditors of Great Oaks Indemnity, Ltd. are required to file
their proofs of debt by November 15, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on October 1, 2010.
The company's liquidator is:
Steve C. Taylor
c/o Global Captive Management Ltd.
Governor's Square, 2nd Floor Building
3 23 Lime Tree Bay Avenue
PO Box 1363, Grand Cayman KY1-1108
Cayman Islands
Telephone: (345) 949 7966
MINDEN AVENUE: Shareholders' Final Meeting Set for Nov. 25
----------------------------------------------------------
The shareholders of Minden Avenue Management Limited will hold
their final meeting on November 25, 2010, at 4:00 p.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
DMS Corporate Services Ltd
c/o Bernadette Bailey-Lewis
Telephone: (345) 946 7665
Facsimile: (345) 946 7666
dms Corporate Services Ltd.
dms House, 2nd Floor
P.O. Box 1344, Grand Cayman KY1-1108
Cayman Islands
OOJOO ABSOLUTE: Members' Final Meeting Set for November 30
----------------------------------------------------------
The members of Oojoo Absolute Return Fund will hold their final
meeting on November 30, 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:
S. Hahn Sull
Hahn SULL 7 Floor, Posco Center East
892 Daechi-4 Dong
Gangnam-Gu 135-777
Seoul, Korea
Telephone: +82-2-570-1600
Direct: +82-2-570-1601
Facsimile: +82-2-570-1690
PROFESSIONAL UNDERWRITERS: Members' Final Meeting Set for Dec. 2
----------------------------------------------------------------
The members of Professional Underwriters Corporation will hold
their final meeting on December 2, 2010, at 9:30 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
Ian Stokoe
c/o Aaron Gardner
Telephone: (345) 914 8655
Facsimile: (345) 945 4237
PO Box 258, Grand Cayman KY1-1104
Cayman Islands
REVEILLE CAPITAL: Creditors' Proofs of Debt Due November 25
-----------------------------------------------------------
The creditors of Reveille Capital Fund, Ltd. are required to file
their proofs of debt by November 25, 2010, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on October 15, 2010.
The company's liquidator is:
Reid Services Limited
Clifton House, 75 Fort Street
PO Box 1350, Grand Cayman KY1-1108
Cayman Islands
SAIL ASIA: Shareholders' Final Meeting Set for November 30
----------------------------------------------------------
The shareholders of Sail Asia Strategic Opportunities Portfolio
will hold their final meeting on November 30, 2010, at 10:00 a.m.,
to receive the liquidators' report on the company's wind-up
proceedings and property disposal.
The company's liquidators are:
Stuart Brankin
Desmond Campbell
Telephone: (345) 949 5586
c/o Aston Corporate Managers, Ltd.
P.O. Box 1981, Grand Cayman KY1-1104
Cayman Islands
STAMFORD GLOBAL: Shareholders' Final Meeting Set for Nov. 29
------------------------------------------------------------
The shareholders of Stamford Global Event Driven Fund will hold
their final meeting on November 29, 2010, at 4:00 p.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.
The company's liquidator is:
DMS Corporate Services Ltd
c/o Bernadette Bailey-Lewis
Telephone: (345) 946 7665
Facsimile: (345) 946 7666
dms Corporate Services Ltd.
dms House, 2nd Floor
P.O. Box 1344, Grand Cayman KY1-1108
Cayman Islands
YORK REFRIGERATION: Shareholders' Final Meeting Set for Nov. 26
---------------------------------------------------------------
The shareholders of York Refrigeration Latin America S.A. will
hold their final meeting on November 26, 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:
Walkers Corporate Services Limited
Walker House, 87 Mary Street
George Town Grand Cayman
Cayman Islands KY1 9002
***********
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. Agravante, 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 * * *