TCRLA_Public/101119.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, November 19, 2010, Vol. 11, No. 229

                            Headlines



A R G E N T I N A

ANDRIANI SACIFI YE: Creditors' Proofs of Debt Due December 30
BIG WORK: Creditors' Proofs of Debt Due April 12
COMPAGNIE GENERALE: Creditors' Proofs of Debt Due December 17
COOPERATIVA AGRICOLA: Creditors' Proofs of Debt Due October 22
FIDEICOMISO FINANCIERO: Moody's Rates Various Debt Securities

RUTAS AL SUR: Creditors' Proofs of Debt Due February 17
SOUL SRL: Creditors' Proofs of Debt Due December 21
* ARGENTINA: Paris Club Debt to be Resolved by Early 2011


B E R M U D A

KOCH CT: Creditors' Proofs of Debt Due December 10
KOCH CT: Member to Receive Wind-Up Report on December 17
PACNET LIMITED: Moody's Affirms 'B1' Rating on Senior Notes
RSL COMMUNICATIONS: Appoints Nigel Chatterjee as Liquidator


B R A Z I L

BANCO PANAMERICANO: Santos May Sell All Assets Except TV Biz
BANCO PANAMERICANO: Funding Assured by Caixa Economica
NET SERVICOS: S&P Changes Outlook to Positive; Keeps 'BB+' Rating


C A Y M A N  I S L A N D S

ANSON CAPITAL: Creditors' Proofs of Debt Due December 8
BONWAFU DEAL: Creditors' Proofs of Debt Due December 8
BONWAFU DEAL: Creditors' Proofs of Debt Due December 8
BT BEN: Creditors' Proofs of Debt Due December 8
CBO HOLDINGS: Creditors' Proofs of Debt Due December 8

CIBC ASSET: Placed Under Voluntary Wind-Up
CIBC GLOBAL: Placed Under Voluntary Wind-Up
EFG ORA: Creditors' Proofs of Debt Due December 8
EVAFU DEAL: Creditors' Proofs of Debt Due December 8
FAIRFIELD LION: Creditors' Proofs of Debt Due December 9

G SQUARE: S&P Downgrades Ratings on Various Notes to 'D'
GOLDEN HUMMINGBIRDS: Creditors' Proofs of Debt Due November 30
JWM GLOBAL: Creditors' Proofs of Debt Due November 29
KANTERVALE LIMITED: Creditors' Proofs of Debt Due November 30
KNIGHTSBRIDGE INVESTMENTS: Creditors' Proofs of Debt Due Nov. 30

MANHATTAN OCEAN: Creditors' Proofs of Debt Due November 30
MANILLA LIMITED: Creditors' Proofs of Debt Due December 8
MARATHON REAL: Creditors' Proofs of Debt Due November 29
PLATINUM INVESTMENT: Creditors' Proofs of Debt Due November 30
RICHMOND COMPANY: Creditors' Proofs of Debt Due November 30

SIDNEY AIRCRAFT: Creditors' Proofs of Debt Due December 8


D O M I N I C A N   R E P U B L I C

* DOMINICAN REPUBLIC: Power Firms Owed US$555.2MM; Billing Lags


T U R K S   &   C A I C O S

EMERALD ISLE: Placed Into Receivership




                            - - - - -


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


ANDRIANI SACIFI YE: Creditors' Proofs of Debt Due December 30
-------------------------------------------------------------
The court-appointed trustee for Andriani S.A.C.I.F.I. y E.'s
bankruptcy proceedings will be verifying creditors' proofs of
claim until December 30, 2010.

The trustee will present the validated claims in court as
individual reports on March 12, 2011.  The National Commercial
Court of First Instance in Buenos Aires 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.


BIG WORK: Creditors' Proofs of Debt Due April 12
------------------------------------------------
The court-appointed trustee for Big Work S.A.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
April 12, 2011.

The trustee will present the validated claims in court as
individual reports on May 24, 2011.  The National Commercial Court
of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
July 6, 2011.


COMPAGNIE GENERALE: Creditors' Proofs of Debt Due December 17
-------------------------------------------------------------
The court-appointed trustee for Compagnie Generale S.A.'s
bankruptcy proceedings will be verifying creditors' proofs of
claim until December 17, 2010.

The trustee will present the validated claims in court as
individual reports on March 2, 2011.  The National Commercial
Court of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 18, 2011.


COOPERATIVA AGRICOLA: Creditors' Proofs of Debt Due October 22
--------------------------------------------------------------
The court-appointed trustee for Cooperativa Agricola Limitada de
Picada Libertad's reorganization proceedings will be verifying
creditors' proofs of claim until October 22, 2010.

The trustee will present the validated claims in court as
individual reports on December 3, 2010.  The National Commercial
Court of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
February 28, 2011.

Creditors will vote to ratify the completed settlement plan
during the assembly on July 16, 2011.


FIDEICOMISO FINANCIERO: Moody's Rates Various Debt Securities
-------------------------------------------------------------
Moody's Latin America has rated the debt securities and
certificates of Fideicomiso Financiero Supervielle Creditos Banex
XLII issued by Equity Trust Company (Argentina) S.A. - acting
solely in its capacity as Issuer and Trustee.

  - ARS26,000,000 in Class A Fixed Rate Debt Securities of
    "Fideicomiso Financiero Supervielle Creditos Banex XLII",
    rated Aaa.ar (sf) (Argentine National Scale) and Ba1 (sf)
     (Global Scale, Local Currency)

  - ARS59,000,000 in Floating Rate Debt Securities of "Fideicomiso
    Financiero Supervielle Creditos Banex XLII", rated Aaa.ar (sf)
     (Argentine National Scale) and Ba1 (sf) (Global Scale, Local
    Currency)

  - ARS10,000,000 in Class C Fixed Rate Debt Securities of
    "Fideicomiso Financiero Supervielle Creditos Banex XLII",
    rated Baa3.ar (sf) (Argentine National Scale) and B3 (sf)
     (Global Scale, Local Currency)

  - ARS5,000,000 in Certificates of "Fideicomiso Financiero
    Supervielle Creditos Banex XLII", rated B1.ar (sf) (Argentine
    National Scale) and Caa2 (sf) (Global Scale, Local Currency)

                        Ratings Rationale

The rated securities are payable from the cash flow coming from
the assets of the trust, which is an amortizing pool of
approximately 24,972 eligible personal loans denominated in
Argentine pesos, with a fixed interest rate, originated by Banco
Supervielle, in an aggregate amount of ARS100,001,910.

These personal loans are granted to pensioners that receive their
monthly pensions from ANSES (Argentina's National Governmental
Agency of Social Security - Administración Nacional de la
Seguridad Social).  The pool is also constituted by loans granted
to government employees of the Province of San Luis.  Banco
Supervielle is the payment agent entity and automatically deducts
the monthly loan installment directly from the employee's paycheck
and pensioner's payment.

The Class A Fixed Rate Debt Securities will bear a fixed interest
rate of 12.25%.  The Floating Rate Debt Securities will bear a
BADLAR interest rate plus 349 basis points.  The Floating Rate
Debt Securities' interest rate will never be higher than 21% or
lower than 12%.  The Class C Fixed Rate Securities will bear a
fixed interest rate of 21%.

Overall credit enhancement is comprised of subordination: 74% for
the Class A Fixed Rate Debt Securities, 15% for the Floating Rate
Securities and 5% for the Class C Fixed Rate Securities.  In
addition the transaction has various reserve funds and excess
spread.

Moody's considered the credit enhancement provided in this
transaction through the initial subordination levels for each
rated class, as well as the historical performance of
Supervielle's portfolio.  In addition, Moody's considered factors
common to consumer loans securitizations such as delinquencies,
prepayments and losses; as well as specific factors related to the
Argentine market, such as the probability of an increase in losses
if there are changes in the macroeconomic scenario in Argentina.

These factors were incorporated in a cash flow model that takes
into account all the relevant features of the transaction's assets
and liabilities.  Monte Carlo simulations were run, which
determines the expected loss for the rated securities.

In assigning the rating to this transaction, Moody's assumed a
triangular distribution for defaults on the main pool centered
around a most likely scenario of 10%, a minimum of 5% and a
maximum of 20%.  Also, Moody's assumed a triangular distribution
for prepayments centered around a most likely scenario of 20%, a
minimum of 15% and a maximum of 35%.  These assumptions are
derived from the historical performance to date of the Banex's
pools.

The model results showed 0.00% expected loss for Class A Fixed
Rate Debt Securities and Floating Rate Debt Securities, 2.20%
expected loss for Class C Fixed Rate Debt Securities and 27.41%
for the Certificates.

Moody's ran several stress scenarios, including increases in the
default rate assumptions.  If default rates were increased 10%
from the base case scenario for the pool (i.e., most likely
scenario of 20%, a minimum of 15% and a maximum of 30%), the
ratings of the Classes A and Floating Rate would be unchanged.
The ratings for Class C Fixed Rate debt securities would be likely
downgraded to Ca (sf) and to C (sf) for the Certificates.

Moody's also considered the risk that a disruption in the flow of
payments from ANSES or the Government of San Luis to pensioners
and employees respectively, could severely affect the performance
of the pool.  Moody's believes that the ratings assigned are
consistent with this risk.

Finally, Moody's also evaluated the back-up servicing arrangements
in the transaction.  If Banco Supervielle is removed as servicer,
Equity Trust Company (Argentina) S.A. will be appointed as the
back-up servicer.

The main source of uncertainty for this transaction is the
regulatory and legal framework for the automatic deduction loans
in Argentina.

Moody's did not receive or take into account a third party due
diligence report on the underlying assets or financial instruments
in this transaction.


RUTAS AL SUR: Creditors' Proofs of Debt Due February 17
-------------------------------------------------------
The court-appointed trustee for Rutas Al Sur S.A.'s reorganization
proceedings will be verifying creditors' proofs of claim until
February 17, 2011.

The trustee will present the validated claims in court as
individual reports on April 1, 2011.  The National Commercial
Court of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
May 13, 2011.

Creditors will vote to ratify the completed settlement plan
during the assembly on November 21, 2011.


SOUL SRL: Creditors' Proofs of Debt Due December 21
---------------------------------------------------
The court-appointed trustee for Soul S.R.L.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
December 21, 2010.

The trustee will present the validated claims in court as
individual reports on March 8, 2011.  The National Commercial
Court of First Instance in Buenos Aires 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.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 19, 2011.


* ARGENTINA: Paris Club Debt to be Resolved by Early 2011
---------------------------------------------------------
Argentina wants to resolve negotiations with the Paris Club group
over defaulted debt before April to help boost investment in the
economy, Drew Benson and Rodrigo Orihuela at Bloomberg News
report, citing Finance Secretary Hernan Lorenzino.

Economy Minister Amado Boudou will seek to agree on a negotiating
schedule with the Paris Club over about US$6.7 billion in
defaulted debt in the first half of December, Mr. Lorenzino told
the news agency in an interview.  An accord would remove an
"obstacle" to investment in Argentina by companies in energy and
infrastructure, Mr. Lorenzino added, Bloomberg relates.

"This would remove an obstacle for companies that want to invest
in the country, which is growing about 9%," Bloomberg quoted Mr.
Lorenzino as saying, citing interest by companies in energy, roads
and infrastructure.  "I'm optimistic that there is goodwill on
both sides" to resolve the debt, he added, Bloomberg relates.

Meanwhile, Bloomberg reports, President Cristina Fernandez de
Kirchner said November 16 that the Paris Club agreed to begin
talks on the debt, which dates back to the country's 2001
financial crisis, without oversight of the International Monetary
Fund.  Bloomberg notes that in 2008, her plan to pay the debt with
central bank reserves was abandoned after the bankruptcy of Lehman
Brothers Holdings Inc. and the start of a global financial
slowdown.

The Paris Club is an informal association of creditors that
includes Germany, Japan and the U.S. The group met for the first
time in May 1956 to help resolve Argentine debt problems,
according to the organization's Web site.

                           *     *     *

As of July 2, 2010, the Argentina republic continues to carry
Moody's "Caa1" country ceiling long-term foreign bank deposit
rating and "B2" country ceiling long-term currency debt ratings.
The company also continues to carry Standard and Poor's "B-"
currency long-term debt ratings and "C" currency ST debt ratings.


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


KOCH CT: Creditors' Proofs of Debt Due December 10
--------------------------------------------------
The creditors of Koch CT Investments GP, Ltd. are required to file
their proofs of debt by December 10, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 8, 2010.

The company's liquidator is:

         Kehinde A. L. George
         Crawford House, 50 Cedar Avenue
         Hamilton HM 11
         Bermuda


KOCH CT: Member to Receive Wind-Up Report on December 17
--------------------------------------------------------
The member of Koch CT Investments GP, Ltd. will receive on
December 17, 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 November 8, 2010.

The company's liquidator is:

         Kehinde A. L. George
         Crawford House, 50 Cedar Avenue
         Hamilton HM 11
         Bermuda


PACNET LIMITED: Moody's Affirms 'B1' Rating on Senior Notes
-----------------------------------------------------------
Moody's Investors Service has affirmed the B1 senior, secured bond
rating for the US$300 million, 9.25%, 5-year notes issued by
Pacnet Limited.  The outlook on the rating is stable.

                        Ratings Rationale

The bond rating has been removed from its provisional status
following the completion of the bond issue and US$50 million
secured debt facility.  The proceeds of the bonds will be deployed
toward refinancing Pacnet's existing debt and capex as well as
fund a $100 million dividend to shareholders.

The last rating action for Pacnet was on 20th October 2010 when
Moody's assigned a first time B1 corporate family rating and a
provisional B1 senior, secured bond rating to the company.

Pacnet Limited, incorporated in Bermuda in 2006, owns and operates
Asia's largest privately owned submarine cable network.  Pacnet
provides data connectivity solutions to major telecommunications
carriers, large multinational enterprises and small-to medium-
sized enterprises in the Asia-Pacific region with a need for
multi-national IP-based solutions and connectivity.


RSL COMMUNICATIONS: Appoints Nigel Chatterjee as Liquidator
-----------------------------------------------------------
On November 4, 2010, the Supreme Court of Bermuda appointed Nigel
J. Chatterjee of PricewaterhouseCoopers Advisory Ltd as liquidator
of RSL Communications, Ltd.


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


BANCO PANAMERICANO: Santos May Sell All Assets Except TV Biz
------------------------------------------------------------
Adriana Brasileiro at Bloomberg News reports that Brazilian media
mogul Silvio Santos, whose lender Banco Panamericano SA is under
investigation for alleged fraud, may sell all his holding
company's assets except the TV channels to pay back a BRL2.5
billion (US$1.5 billion) loan, he said in an interview with Veja
magazine.

According to Bloomberg, Veja Magazine reported Mr. Santos said
that his holdings are worth "way more" than the loan.  Bloomberg
relates Mr. Santos told the magazine he can pay the loan in 10
years, adjusted for inflation only and no interest.

Mr. Santos, Bloomberg notes, told the magazine that Panamericano
is worth BRL1.2 billion, cosmetics company Jequiti Cosmeticos is
valued at BRL800 million, and the TV business including the SBT
channel is worth BRL1 billion.

According to the magazine, Bloomberg relates, Mr. Santos said he
was informed of accounting irregularities at Panamericano on
September 11, by which time the central bank had been aware of the
problem for three weeks.  Some of the executive may have "forged
the accounts" to guarantee their bonuses, Mr. Santos told Veja. "I
fired them all," he added.

                     About Banco Panamericano

Banco Panamericano SA attracts deposits and offers commercial
banking services.  The Bank offers loans, personal credit,
investments, credit cards, and lease financing.  Banco
Panamericano operates throughout Brazil.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
November 12, 2010, Bloomberg News said that Banco Panamericano SA
could have been liquidated or subjected to a central bank
intervention to sell its assets if its controller had not tapped
BRL2.5 billion from Brazil's deposit insurance fund to rescue the
bank.  According to the report, Mr. Ferreira said that talks to
rescue Panamericano started Oct. 11 and were conducted by
Brazilian media mogul Silvio Santos, who controls the bank.

As of July 27, 2010, the company continues to carry Moody's "Ba2"
long-term rating, foreign currency long-term debt rating, and
long-term bank deposits ratings.


BANCO PANAMERICANO: Funding Assured by Caixa Economica
------------------------------------------------------
Banco Panamericano SA, the Brazilian bank under investigation for
alleged fraud, will stay afloat with "all the necessary support"
from its state-owned shareholder, Caixa Economica Federal, Andre
Soliani at Bloomberg News reports, citing Caixa President Maria
Fernanda Ramos Coelho.

"There is no funding problem for Panamericano to continue
functioning," Ms. Coelho told the news agency in an interview.
"Caixa will give Panamericano all the necessary support for its
operations to be carried out normally," she added, Bloomberg
relates.

According to Bloomberg, an unnamed bank official said that
Panamericano was losing as much as BRL200 million (US$115 million)
a day from redemptions of certificates of deposit and investment
funds after the BRL2.5 billion bailout financed by the nation's
deposit insurance fund.  The pace of redemptions slowed this week,
he added, Bloomberg relates.

The probe by central bank officials and state prosecutors began
after Banco Central do Brasil discovered about BRL2.1 billion of
losses from improper accounting of sales of credit portfolios,
while the bank identified another 400 million reais owed to it
from the credit-card unit of its controlling shareholder, Grupo
Silvio Santos, central bank President Henrique Meirelles told
Bloomberg in an interview.

Ms. Coelho said Caixa could purchase Panamericano loan portfolios
to provide funding if necessary, Bloomberg adds.

                     About Banco Panamericano

Banco Panamericano SA attracts deposits and offers commercial
banking services.  The Bank offers loans, personal credit,
investments, credit cards, and lease financing.  Banco
Panamericano operates throughout Brazil.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
November 12, 2010, Bloomberg News said that Banco Panamericano SA
could have been liquidated or subjected to a central bank
intervention to sell its assets if its controller had not tapped
BRL2.5 billion from Brazil's deposit insurance fund to rescue the
bank.  According to the report, Mr. Ferreira said that talks to
rescue Panamericano started Oct. 11 and were conducted by
Brazilian media mogul Silvio Santos, who controls the bank.

As of July 27, 2010, the company continues to carry Moody's "Ba2"
long-term rating, foreign currency long-term debt rating, and
long-term bank deposits ratings.


NET SERVICOS: S&P Changes Outlook to Positive; Keeps 'BB+' Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its
outlook on Net Servicos de Comunicacao S.A. to positive from
stable.  At the same time, S&P affirmed its 'BB+' global scale
ratings on the company, and raised the Brazilian national scale
ratings, including corporate credit rating, to 'brAA+' from
'brAA'.

"The actions reflect S&P's view of NET's prudent financial
strategy and its ability to sustain strong cash flow metrics, even
in a competitive environment," said Standard & Poor's credit
analyst Fl?via Bedran.

NET has increased its client base at double-digit rates for the
past several years, while sustaining resilient EBITDA margins of
more than 28% and a strong liquidity position, mostly explained by
the financing of its sizable investment program primarily with
internal cash flow.

The positive outlook reflects S&P's view that NET will likely
continue to abide by a prudent financial strategy even while
pursuing strong growth and facing challenging competition from
telephone companies.


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


ANSON CAPITAL: Creditors' Proofs of Debt Due December 8
-------------------------------------------------------
The creditors of Anson Capital Ltd. are required to file their
proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 27, 2010.

The company's liquidator is:

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


BONWAFU DEAL: Creditors' Proofs of Debt Due December 8
------------------------------------------------------
The creditors of Bonwafu Deal II Limited are required to file
their proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 28, 2010.

The company's liquidator is:

         David Dyer
         Deutsche Bank (Cayman) Limited
         PO Box 1984, Boundary Hall
         Cricket Square, 171 Elgin Avenue
         Grand Cayman KY1-1104
         Cayman Islands


BONWAFU DEAL: Creditors' Proofs of Debt Due December 8
------------------------------------------------------
The creditors of Bonwafu Deal Limited are required to file their
proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 28, 2010.

The company's liquidator is:

         David Dyer
         Deutsche Bank (Cayman) Limited
         PO Box 1984, Boundary Hall
         Cricket Square, 171 Elgin Avenue
         Grand Cayman KY1-1104
         Cayman Islands


BT BEN: Creditors' Proofs of Debt Due December 8
------------------------------------------------
The creditors of BT Ben Nevis Limited are required to file their
proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 28, 2010.

The company's liquidator is:

         David Dyer
         Deutsche Bank (Cayman) Limited
         PO Box 1984, Boundary Hall
         Cricket Square, 171 Elgin Avenue
         Grand Cayman KY1-1104
         Cayman Islands


CBO HOLDINGS: Creditors' Proofs of Debt Due December 8
------------------------------------------------------
The creditors of CBO Holdings XV Ltd. are required to file their
proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 28, 2010.

The company's liquidator is:

         David Dyer
         Deutsche Bank (Cayman) Limited
         PO Box 1984, Boundary Hall
         Cricket Square, 171 Elgin Avenue
         Grand Cayman KY1-1104
         Cayman Islands


CIBC ASSET: Placed Under Voluntary Wind-Up
------------------------------------------
At an extraordinary general meeting held on October 25, 2010, the
shareholder of CIBC Asset Management (Cayman) Limited passed a
resolution that voluntarily winds the company's operations.

The company's liquidator is:

         Commerce Corporate Services Limited
         P.O. Box 694, Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626


CIBC GLOBAL: Placed Under Voluntary Wind-Up
-------------------------------------------
At an extraordinary general meeting held on October 25, 2010, the
shareholder of CIBC Global Asset Management (Cayman) Limited
passed a resolution that voluntarily winds the company's
operations.

The company's liquidator is:

         Commerce Corporate Services Limited
         P.O. Box 694, Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626


EFG ORA: Creditors' Proofs of Debt Due December 8
-------------------------------------------------
The creditors of Efg Ora Funding Limited II are required to file
their proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 28, 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


EVAFU DEAL: Creditors' Proofs of Debt Due December 8
----------------------------------------------------
The creditors of Evafu Deal Limited are required to file their
proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 28, 2010.

The company's liquidator is:

         David Dyer
         Deutsche Bank (Cayman) Limited
         PO Box 1984, Boundary Hall
         Cricket Square, 171 Elgin Avenue
         Grand Cayman KY1-1104
         Cayman Islands


FAIRFIELD LION: Creditors' Proofs of Debt Due December 9
--------------------------------------------------------
The creditors of Fairfield Lion Japan Equity Fund Ltd are required
to file their proofs of debt by December 9, 2010, to be included
in the company's dividend distribution.

The company commenced liquidation proceedings on October 27, 2010.

The company's liquidator is:

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


G SQUARE: S&P Downgrades Ratings on Various Notes to 'D'
--------------------------------------------------------
Standard & Poor's Ratings Services lowered to 'D (sf)' from 'CC
(sf)' its credit ratings on G Square Finance Ltd.'s class B and C
notes.  At the same time, S&P affirmed its 'D (sf)' rating on the
class A notes.

On Oct. 7, 2010, S&P received a notice from the receivers of G
Square Finance confirming the items paid in accordance with the
transaction's priorities of payments.  The notice confirms that no
payment was made to the noteholders following distribution of the
portfolio's remaining proceeds.  The notice further states that
there will be no future payments to the noteholders.  As a result,
S&P has lowered to 'D (sf)' the ratings on the class B and C
notes, the ratings on which address the ultimate payment of
interest and principal.

On June 22, 2010, S&P lowered to 'D (sf)' its rating on the class
A notes following a payment default on the interest due and
payable on these notes.  S&P has affirmed the 'D (sf)' rating
on the class A notes due to insufficient amounts available to
fully repay these notes.

G Square Finance is a cash flow collateralized debt obligation
(CDO) that closed in December 2004.  A portfolio comprising
principally U.S. structured finance securities and total return
swap referencing asset-backed securities backs the transaction.


GOLDEN HUMMINGBIRDS: Creditors' Proofs of Debt Due November 30
--------------------------------------------------------------
The creditors of Golden Hummingbirds 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 wind-up proceedings on October 28, 2010.

The company's liquidator is:

         Buchanan Limited
         c/o Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170, Grand Cayman KY1-1102
         Cayman Islands


JWM GLOBAL: Creditors' Proofs of Debt Due November 29
-----------------------------------------------------
The creditors of JWM Global Macro Mac 35 Ltd are required to file
their proofs of debt by November 29, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 27, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Citco Trustees (Cayman) Limited
         P.O. Box 31106, Grand Cayman KY1-1205
         Cayman Islands


KANTERVALE LIMITED: Creditors' Proofs of Debt Due November 30
-------------------------------------------------------------
The creditors of Kantervale 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 wind-up proceedings on October 28, 2010.

The company's liquidator is:

         Buchanan Limited
         c/o Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170, Grand Cayman KY1-1102
         Cayman Islands


KNIGHTSBRIDGE INVESTMENTS: Creditors' Proofs of Debt Due Nov. 30
----------------------------------------------------------------
The creditors of Knightsbridge Investments Holdings 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 wind-up proceedings on October 28, 2010.

The company's liquidator is:

         Buchanan Limited
         c/o Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170, Grand Cayman KY1-1102
         Cayman Islands


MANHATTAN OCEAN: Creditors' Proofs of Debt Due November 30
---------------------------------------------------------
The creditors of Manhattan Ocean Holdings 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 wind-up proceedings on October 28, 2010.

The company's liquidator is:

         Buchanan Limited
         c/o Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170, Grand Cayman KY1-1102
         Cayman Islands


MANILLA LIMITED: Creditors' Proofs of Debt Due December 8
---------------------------------------------------------
The creditors of Manilla Limited are required to file their proofs
of debt by December 8, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on October 28, 2010.

The company's liquidator is:

         David Dyer
         Deutsche Bank (Cayman) Limited
         PO Box 1984, Boundary Hall
         Cricket Square, 171 Elgin Avenue
         Grand Cayman KY1-1104
         Cayman Islands


MARATHON REAL: Creditors' Proofs of Debt Due November 29
--------------------------------------------------------
The creditors of Marathon Real Estate Finance Fund, Ltd. are
required to file their proofs of debt by November 29, 2010, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on October 29, 2010.

The company's liquidator is:

         Ogier
         Michael Bunn
         Telephone: (345) 815-1848
         Facsimile: (345) 949-9877
         c/o Ogier 89 Nexus Way
         Camana Bay Grand Cayman KY1-9007
         Cayman Islands


PLATINUM INVESTMENT: Creditors' Proofs of Debt Due November 30
--------------------------------------------------------------
The creditors of Platinum Investment 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 wind-up proceedings on October 28, 2010.

The company's liquidator is:

         Buchanan Limited
         c/o Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170, Grand Cayman KY1-1102
         Cayman Islands


RICHMOND COMPANY: Creditors' Proofs of Debt Due November 30
-----------------------------------------------------------
The creditors of Richmond Company 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 wind-up proceedings on October 28, 2010.

The company's liquidator is:

         Buchanan Limited
         c/o Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170, Grand Cayman KY1-1102
         Cayman Islands


SIDNEY AIRCRAFT: Creditors' Proofs of Debt Due December 8
---------------------------------------------------------
The creditors of Sidney Aircraft Limited are required to file
their proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 28, 2010.

The company's liquidator is:

         David Dyer
         Deutsche Bank (Cayman) Limited
         PO Box 1984, Boundary Hall
         Cricket Square, 171 Elgin Avenue
         Grand Cayman KY1-1104
         Cayman Islands


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


* DOMINICAN REPUBLIC: Power Firms Owed US$555.2MM; Billing Lags
---------------------------------------------------------------
The Dominican Today reports that the Dominican Republic owes power
companies US$555.2 million including the frozen account of US$71.4
million, according to figures from the generators grouped in the
ADIES:

   AES Dominicana   -- US$202.6 million
   EGE Haina        -- US$136.8 million
   San Felipe       -- US$104 million
   Palamara-La Vega -- US$45.4 million
   Seaboard         -- US$36.2 million
   CEPP             -- US$17.8 million
   CESPM            -- US$9.1 million
   Metaldom         -- US$2.9. million

The Dominican Today notes that the debt has forced the State-owned
Power Companies (CDEEE) to adopt a wide range of economic
measures, including some that jeopardize the finances of the
agencies that manage the power lines (ETED) and the hydroelectric
dams (EGEHID).

Financial documents show that the CDEEE owes EGEHID and others
RD$2.2 billion and an additional US$192.7 million from supply and
payment agreements, The Dominican Today relates.

The Dominican Today notes according to figures published by media
outlet listin.com.do, the ETED will be owed around four months of
service for a total of around RD$500 million, situations blamed on
the continuing lag in the collections by the distributors.

                       *     *     *

As of October 20, 2010, the country continues to carry Moody's B2
country ceiling long-term foreign bank deposit rating and Ba2
country ceiling long-term foreign currency debt rating.  The
country also continues to carry Fitch's B long-term issuer default
rating.


===========================
T U R K S   &   C A I C O S
===========================


EMERALD ISLE: Placed Into Receivership
--------------------------------------
FP Turks and Caicos reports that British Caribbean Bank Ltd. has
placed into receivership nine companies involved with the
development of Ambergris Cay, home of the Turks and Caicos
Sporting Club.

"All operations on the cay are currently suspended pending outcome
of receivership process," the report quoted Roger Murphy of the
Sporting Club, as saying.  "Security and maintenance staff are the
only persons still there, and only access by boat is allowed," he
added.

According to the report, on November 11, 2010, Dean Charles Boyce
was appointed receiver and manager of the property of three Belize
companies -- Emerald Isle Holdings Ltd., Emerald Property Holdings
Ltd. and Emerald Development Holdings Ltd.  The report relates
that Mr. Boyce also named receiver and manager of the property of
six TCI companies -- Ambergris Cay Ltd., Ambergris Cay Builders
Ltd., Ambergris Cay Transportation Corp., Ambergris Cay Utilities
Ltd., Ambergris Developments Ltd. and AC Land Co. Ltd.

FP Turks and Caicos notes that it was unclear how the bank's
action would affect the future of Ambergris Cay or the Sporting
Club, which has been offering home sites selling between $650,000
and $6.5 million.

The island was bought by Henry Mensen in 1995.  He partnered with
Peter Pollak and Steve Schram in 1998 and formed the Turks and
Caicos Sporting Club.



                            ***********

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.



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