TCRLA_Public/110106.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

             Thursday, January 6, 2011, Vol. 12, No. 4

                            Headlines



A R G E N T I N A

BLOCKBUSTER ARGENTINA: Creditors' Proofs of Debt Due April 6
CHAMPAGNE SA: Creditors' Proofs of Debt Due May 5
COPRISER SRL: Creditors' Proofs of Debt Due March 16
ESCAR SRL: Creditors' Proofs of Debt Due March 22
GRUPO EDITOR: Creditors' Proofs of Debt Due May 13

MILLENNIUM ASCENSORES: Creditors' Proofs of Debt Due April 25
ROCHIFARM SRL: Creditors' Proofs of Debt Due March 23
* ARGENTINA: To Meet Paris Club Creditors This Month, WSJ Reports
* ARGENTINA: Rio Negro Region to Receive US$30MM Loan From IDB


B E R M U D A

ACI INDUSTRIES: Members to Hear Wind-Up Report on January 17
AHL INSTITUTIONAL: Placed Under Voluntary Wind-Up
AHL INSTITUTIONAL: Member to Receive Wind-Up Report on January 24
EAST LONDON: Appoints Morrison & Thresh as Liquidators
GIS LEVERAGED: Placed Under Voluntary Wind-Up

GIS LEVERAGED: Members to Receive Wind-Up Report on January 19
INSPIRATION BIOPHARMACEUTICALS: Placed Under Voluntary Wind-Up
INSPIRATION BIOPHARMACEUTICALS: Members' Meeting Set for Jan. 18
KAISER INVESTMENTS: Creditors' Proofs of Debt Due January 14
KAISER INVESTMENTS: Members' Final Meeting Set for January 21

KOCH G/P 2: Creditors' Proofs of Debt Due January 7
KOCH G/P 2: Members' Final Meeting Set for January 19
MAN MULTI: Placed Under Voluntary Wind-Up
MAN MULTI: Members to Receive Wind-Up Report on January 26
ORIX CORPORATION: Creditors' Proofs of Debt Due January 14

ORIX CORPORATION: Members' Final Meeting Set for January 17
STEINHARDT INTERMEDIARY: Placed Under Voluntary Wind-Up
STEINHARDT INTERMEDIARY: Members' Final Meeting Set for January 25
STEINHARDT REALTY: Placed Under Voluntary Wind-Up
STEINHARDT REALTY: Members' Final Meeting Set for January 26

VENTURE SHIPPING: Creditors' Proofs of Debt Due January 6
VENTURE SHIPPING: Members' Final Meeting Set for January 28
WRV LTD: Creditors' Proofs of Debt Due January 7
WRV LTD: Member to Receive Wind-Up Report on January 21
ZERON GROUP: Creditors' Proofs of Debt Due January 14

ZERON GROUP: Members' Final Meeting Set for January 17


B O L I V I A

BANCO UNION: Moody's Upgrades Currency Deposit Rating to 'Ba2'


C A Y M A N  I S L A N D S

CHARISFIELD INTERNATIONAL: Members Receive Wind-Up Report
CINQUEGOYA LIMITED: Members to Hear Wind-Up Report on January 8
COOK INTERNATIONAL: Shareholders to Hear Wind-Up Report on Jan. 21
CREDIT SUISSE: Shareholders to Hear Wind-Up Report on January 7
CREDIT SUISSE: Shareholders to Hear Wind-Up Report on January 7

DE LISLE: Members Receive Wind-Up Report
DE LISLE: Members Receive Wind-Up Report
FIRST WORLDWIDE: Shareholder Receives Wind-Up Report
FREEDOM CAPITAL: Shareholders Receive Wind-Up Report
GADAH INC: Members Receive Wind-Up Report

GAMUT REINSURANCE: Shareholder Receives Wind-Up Report
GREAT INNOVATION: Members Receive Wind-Up Report
H&F GTT: Shareholders to Hear Wind-Up Report on January 7
HENDERSON EUROPEAN: Shareholders to Hear Wind-Up Report on Jan. 31
HENDERSON EUROPEAN: Shareholders to Hear Wind-Up Report on Jan. 31

JVAF III: Members to Hear Wind-Up Report on January 6
KARISIMBI LIMITED: Members to Hear Wind-Up Report on January 8
KEYPORT LIMITED: Members Receive Wind-Up Report
LOMBARD ASIAN: Shareholders to Hear Wind-Up Report on January 7
LONGVIEW OPPORTUNITIES: Members Receive Wind-Up Report

ORICO METALS: Members to Hear Wind-Up Report on January 8
PANTERA MAC: Members Receive Wind-Up Report
PRIME RATE: Members Receive Wind-Up Report
RIVER RUN: Shareholder Receives Wind-Up Report
RR SPV: Shareholder Receives Wind-Up Report

SIERRA MANAGEMENT: Members Receive Wind-Up Report
SOJITZ AFRICAN: Shareholder Receives Wind-Up Report
SURINVEST INTERNATIONAL: Shareholders' Meeting Set for January 21
THREE M: Members Receive Wind-Up Report
TRIAN SPV: Shareholders to Hear Wind-Up Report on January 7


X X X X X X X X

Upcoming Meetings, Conferences and Seminars




                            - - - - -


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


BLOCKBUSTER ARGENTINA: Creditors' Proofs of Debt Due April 6
------------------------------------------------------------
The court-appointed trustee for Blockbuster Argentina S.A.'s
bankruptcy proceedings will be verifying creditors' proofs of
claim until April 6, 2011.

The trustee will present the validated claims in court as
individual reports on May 26, 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 14, 2011.


CHAMPAGNE SA: Creditors' Proofs of Debt Due May 5
-------------------------------------------------
The court-appointed trustee for Champagne S.A.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
May 5, 2011.

The trustee will present the validated claims in court as
individual reports on June 17, 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
August 16, 2011.


COPRISER SRL: Creditors' Proofs of Debt Due March 16
----------------------------------------------------
The court-appointed trustee for Copriser S.R.L.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
March 16, 2011.

The trustee will present the validated claims in court as
individual reports on April 27, 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
June 9, 2011.


ESCAR SRL: Creditors' Proofs of Debt Due March 22
-------------------------------------------------
The court-appointed trustee for Escar S.R.L.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
March 22, 2011.

The trustee will present the validated claims in court as
individual reports on May 9, 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
June 22, 2011.


GRUPO EDITOR: Creditors' Proofs of Debt Due May 13
--------------------------------------------------
The court-appointed trustee for Grupo Editor Platense S.A.'s
bankruptcy proceedings will be verifying creditors' proofs of
claim until May 13, 2011.

The trustee will present the validated claims in court as
individual reports on June 27, 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
August 23, 2011.


MILLENNIUM ASCENSORES: Creditors' Proofs of Debt Due April 25
-------------------------------------------------------------
The court-appointed trustee for Millennium Ascensores S.R.L.'s
bankruptcy proceedings will be verifying creditors' proofs of
claim until April 25, 2011.

The trustee will present the validated claims in court as
individual reports on June 6, 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 18, 2011.


ROCHIFARM SRL: Creditors' Proofs of Debt Due March 23
-----------------------------------------------------
The court-appointed trustee for Rochifarm S.R.L.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
March 23, 2011.

The trustee will present the validated claims in court as
individual reports on May 4, 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
June 16, 2011.


* ARGENTINA: To Meet Paris Club Creditors This Month, WSJ Reports
-----------------------------------------------------------------
Lilian Karunungan at Bloomberg reports that the Wall Street
Journal posted on its Web site that Argentina has prepared a
proposal and will meet with Paris Club representatives toward the
end of this month over the amount of debt it owes to sovereign
creditors.

Bloomberg relates that WSJ's report cited an official at
Argentina's finance ministry who spoke on condition of anonymity.

As reported in the Troubled Company Reporter-Latin America on
November 19, 2010, Bloomberg said that Argentina wants to resolve
negotiations with the Paris Club group over defaulted debt before
April to help boost investment in the economy.  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 related.

                       *     *     *

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.


* ARGENTINA: Rio Negro Region to Receive US$30MM Loan From IDB
--------------------------------------------------------------
The Inter-American Development Bank approved a loan of up to US$30
million to improve the competitiveness of fruit and vegetable
production, mining and tourism in the Rio Negro province of
Argentina.

The IDB loan will help improve the infrastructure of San Antonio's
port, the main point of departure of Rio Negro's fruit exports.

Public works financed by the Bank will deepen the access channel
and modernize other port facilities to enhance competitiveness.

The project will also support the development of an environmental
management plan for San Antonio Bay, a protected area.

The IDB will also support Rio Negro's plans to expand services
offered to visitors through the modernization of urban
infrastructure, improved roads and an increase in the supply of
hospital services in an area where tourism is the main attraction.

The loan is for 25 years with a grace period of four years.

                       *     *     *

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
=============


ACI INDUSTRIES: Members to Hear Wind-Up Report on January 17
------------------------------------------------------------
The members of ACI Industries will receive on January 17, 2011, at
11:00 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

Roderick M. Forrest is the company's liquidator.


AHL INSTITUTIONAL: Placed Under Voluntary Wind-Up
-------------------------------------------------
On December 10, 2010, the member of AHL Institutional Series 2 Ltd
resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


AHL INSTITUTIONAL: Member to Receive Wind-Up Report on January 24
-----------------------------------------------------------------
The member of AHL Institutional Series 2 Ltd will receive on
January 24, 2011, at 9:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


EAST LONDON: Appoints Morrison & Thresh as Liquidators
------------------------------------------------------
On December 9, 2010, the Supreme Court of Bermuda appointed Mike
Morrison and Charles Thresh of KPMG Advisory Limited as
liquidators of East London Bus Group International Holdings
Limited.


GIS LEVERAGED: Placed Under Voluntary Wind-Up
---------------------------------------------
On December 13, 2010, the members of GIS Leveraged 8 Limited
resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


GIS LEVERAGED: Members to Receive Wind-Up Report on January 19
--------------------------------------------------------------
The members of GIS Leveraged 8 Limited will receive on January 19,
2011, at 9:30 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


INSPIRATION BIOPHARMACEUTICALS: Placed Under Voluntary Wind-Up
--------------------------------------------------------------
On December 9, 2010, the members of Inspiration Biopharmaceuticals
(Bermuda) Ltd. resolved to voluntarily wind up the company's
operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM 11
         Bermuda


INSPIRATION BIOPHARMACEUTICALS: Members' Meeting Set for Jan. 18
----------------------------------------------------------------
The members of Inspiration Biopharmaceuticals (Bermuda) Ltd. will
receive on January 18, 2011, at 9:30 a.m., the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM 11
         Bermuda


KAISER INVESTMENTS: Creditors' Proofs of Debt Due January 14
------------------------------------------------------------
The creditors of Kaiser Investments Limited are required to file
their proofs of debt by January 14, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on December 14, 2010.

The company's liquidator is:

         Nicholas Hoskins
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


KAISER INVESTMENTS: Members' Final Meeting Set for January 21
-------------------------------------------------------------
The members of Kaiser Investments Limited will receive on
January 21, 2011, 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 December 14, 2010.

The company's liquidator is:

         Nicholas Hoskins
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


KOCH G/P 2: Creditors' Proofs of Debt Due January 7
---------------------------------------------------
The creditors of Koch G/P 2, Ltd. are required to file their
proofs of debt by January 7, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on November 30, 2010.

The company's liquidator is:

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


KOCH G/P 2: Members' Final Meeting Set for January 19
-----------------------------------------------------
The members of Koch G/P 2, Ltd. will receive on January 19, 2011,
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 30, 2010.

The company's liquidator is:

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


MAN MULTI: Placed Under Voluntary Wind-Up
-----------------------------------------
On December 13, 2010, the members of Man Multi Strategy (Canada)
Fund Ltd resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


MAN MULTI: Members to Receive Wind-Up Report on January 26
----------------------------------------------------------
The members of Man Multi Strategy (Canada) Fund Ltd will receive
on January 26, 2011, at 9:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


ORIX CORPORATION: Creditors' Proofs of Debt Due January 14
----------------------------------------------------------
The creditors of Orix Corporation Ltd. are required to file their
proofs of debt by January 14, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on December 13, 2010.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


ORIX CORPORATION: Members' Final Meeting Set for January 17
-----------------------------------------------------------
The members of Orix Corporation Ltd. will receive on January 17,
2011, at 10:30 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company commenced wind-up proceedings on December 13, 2010.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


STEINHARDT INTERMEDIARY: Placed Under Voluntary Wind-Up
-------------------------------------------------------
On December 14, 2010, the members of Steinhardt Intermediary Fund
II, Ltd. resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


STEINHARDT INTERMEDIARY: Members' Final Meeting Set for January 25
------------------------------------------------------------------
The members of Steinhardt Intermediary Fund II, Ltd. will receive
on January 25, 2011, at 9:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


STEINHARDT REALTY: Placed Under Voluntary Wind-Up
-------------------------------------------------
On December 14, 2010, the members of Steinhardt Realty Fund II,
Ltd. resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


STEINHARDT REALTY: Members' Final Meeting Set for January 26
------------------------------------------------------------
The members of Steinhardt Realty Fund II, Ltd. will receive on
January 26, 2011, at 9:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


VENTURE SHIPPING: Creditors' Proofs of Debt Due January 6
---------------------------------------------------------
The creditors of Venture Shipping Ltd. are required to file their
proofs of debt by January 6, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on December 10, 2010.

The company's liquidator is:

         Jennifer M. Kelly
         Par La Ville Place, 3rd Floor
         14 Par La Ville Road, Hamilton
         Bermuda


VENTURE SHIPPING: Members' Final Meeting Set for January 28
-----------------------------------------------------------
The members of Venture Shipping Ltd. will receive on January 28,
2011, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company commenced wind-up proceedings on December 10, 2010.

The company's liquidator is:

         Jennifer M. Kelly
         Par La Ville Place, 3rd Floor
         14 Par La Ville Road, Hamilton
         Bermuda


WRV LTD: Creditors' Proofs of Debt Due January 7
------------------------------------------------
The creditors of WRV Ltd are required to file their proofs of debt
by January 7, 2011, to be included in the company's dividend
distribution.

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

The company's liquidator is:

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


WRV LTD: Member to Receive Wind-Up Report on January 21
-------------------------------------------------------
The member of WRV Ltd will receive on January 21, 2011, 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 December 8, 2010.

The company's liquidator is:

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


ZERON GROUP: Creditors' Proofs of Debt Due January 14
-----------------------------------------------------
The creditors of The Zeron Group Ltd. are required to file their
proofs of debt by January 14, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on December 13, 2010.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


ZERON GROUP: Members' Final Meeting Set for January 17
------------------------------------------------------
The members of The Zeron Group Ltd. will receive on January 17,
2011, 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 December 13, 2010.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


=============
B O L I V I A
=============


BANCO UNION: Moody's Upgrades Currency Deposit Rating to 'Ba2'
--------------------------------------------------------------
Moody's Investors Service upgraded Banco Union's global local
currency deposit rating to Ba2 from Ba3 and placed it on stable
outlook.  Likewise, Moody's Latin America upgraded Banco Union's
local currency deposit rating in the Bolivian national scale to
Aaa.bo from Aa1.bo, also with a stable outlook.

                        Ratings Rationale

The rating agency noted that the above actions did not affect the
E+ financial strength rating assigned to the bank in July 2010.

Moody's noted that the upgrade of the deposit ratings reflects the
increase in ownership control of Banco Union by the Bolivian
Government, via its Department of Treasury, to 97%, from 85%.  At
this ownership level, Moody's assesses that the bank' supported
deposit ratings would benefit from a very high probability of
systemic support in case of stress, particularly in light of the
intended role of Banco Union as the financial arm of the
government.

In changing Union's deposit rating to Ba2, Moody's also took into
account its recent upgrade of Bolivia's sovereign ratings and
ceilings to B1 and Ba1, respectively.  The higher Bolivian
sovereign rating positively affects Banco Union's deposit rating,
which is now unconstrained by the deposit ceiling.

Banco Union is a full-service bank operation with a network of 51
branches in the country.  The bank is Bolivia's eight largest in
terms of loans, with a 7.5% market share, and fifth in terms of
deposits, with a 7.9% market share.

As of September 2010 Banco Union had Bs.4.8 billion in assets and
Bs.318.8 million in equity.

These ratings were affected:

Global Long Term Local currency deposit rating: upgraded to Ba2
from Ba3, with stable outlook

National Scale, Long Term Local currency deposit rating: Aaa.bo
from Aa1.bo, with stable outlook


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


CHARISFIELD INTERNATIONAL: Members Receive Wind-Up Report
---------------------------------------------------------
The members of Charisfield International Ltd received on
December 31, 2010, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Buchanan Limited
         P.O. Box 1170, George Town Grand Cayman
         Cayman Islands


CINQUEGOYA LIMITED: Members to Hear Wind-Up Report on January 8
---------------------------------------------------------------
The members of Cinquegoya Limited will receive on January 8, 2011,
at 10:00 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Alan Turner
         Turner & Roulstone
         Strathvale House, 3rd Floor
         90 North Church Street
         P.O. Box 2636, George Town
         Grand Cayman, KY1-1102
         Cayman Islands
         Telephone:  1 345 943 5555


COOK INTERNATIONAL: Shareholders to Hear Wind-Up Report on Jan. 21
------------------------------------------------------------------
The shareholders of Cook International Finance Ltd. will receive
on January 21, 2011, at 9:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         John Sutlic
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box   1034, Grand Cayman, KYI-1102
         Cayman Islands


CREDIT SUISSE: Shareholders to Hear Wind-Up Report on January 7
---------------------------------------------------------------
The shareholders of Credit Suisse Alternative Capital Long/Short
Equity Offshore Institutional Fund, LDC will receive on January 7,
2011, at 3:00 p.m., 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


CREDIT SUISSE: Shareholders to Hear Wind-Up Report on January 7
---------------------------------------------------------------
The shareholders of Credit Suisse Alternative Capital Multi-
Strategy Offshore Institutional Fund, LDC will receive on
January 7, 2011, at 2:45 p.m., 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


DE LISLE: Members Receive Wind-Up Report
----------------------------------------
The members of The De Lisle Fund received on December 31, 2010,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Hugh Dickson
         c/o Andrea Richards
         P.O. Box 1370, Grand Cayman KY1- 1108
         Cayman Islands
         Telephone: (345) 815 8249
         Facsimile: (345) 949 7120


DE LISLE: Members Receive Wind-Up Report
----------------------------------------
The members of The De Lisle Master Fund received on December 31,
2010, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         Hugh Dickson
         c/o Andrea Richards
         P.O. Box 1370, Grand Cayman KY1- 1108
         Cayman Islands
         Telephone: (345) 815 8249
         Facsimile: (345) 949 7120


FIRST WORLDWIDE: Shareholder Receives Wind-Up Report
----------------------------------------------------
The shareholder of First Worldwide Fund received on December 30,
2010, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         Ogier
         c/o Michael Bunn
         Telephone: (345) 815-1848
         Facsimile: (345) 949-9877


FREEDOM CAPITAL: Shareholders Receive Wind-Up Report
----------------------------------------------------
The shareholders of Freedom Capital Limited received on
December 28, 2010, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Avalon Management Limited
         Landmark Square, 1st Floor
         64 Earth Close, West Bay Beach
         P.O. Box 715, Grand Cayman KY1-1107
         Cayman Islands
         Facsimile: 1 345 769-9351


GADAH INC: Members Receive Wind-Up Report
-----------------------------------------
The members of Gadah Inc. received on December 31, 2010, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Buchanan Limited
         P.O. Box 1170, George Town Grand Cayman
         Cayman Islands


GAMUT REINSURANCE: Shareholder Receives Wind-Up Report
------------------------------------------------------
The shareholder of Gamut Reinsurance Limited received on
November 18, 2010, the liquidators' report on the company's wind-
up proceedings and property disposal.

The company's liquidators are:

         Katherine Chiazza
         Shaun Green
         Telephone: 914-7553 / 914-7532
         Facsimile: 949-6021
         P.O. Box 1109, Grand Cayman
         Cayman Islands
         Telephone: 949-7755
         Facsimile: 949-6021


GREAT INNOVATION: Members Receive Wind-Up Report
------------------------------------------------
The members of Great Innovation Limited received on December 31,
2010, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         Buchanan Limited
         P.O. Box 1170, George Town Grand Cayman
         Cayman Islands


H&F GTT: Shareholders to Hear Wind-Up Report on January 7
---------------------------------------------------------
The shareholders of H&F GTT Corporation will receive on January 7,
2011, at 1:45 p.m., 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


HENDERSON EUROPEAN: Shareholders to Hear Wind-Up Report on Jan. 31
------------------------------------------------------------------
The shareholders of Henderson European Style Rotational Long Short
Fund Limited will receive on January 31, 2011, at 9:30 a.m., the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         John Sutlic
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman, KYI-1102
         Cayman Islands


HENDERSON EUROPEAN: Shareholders to Hear Wind-Up Report on Jan. 31
------------------------------------------------------------------
The shareholders of Henderson European Style Rotational Long Short
Master Fund Limited will receive on January 31, 2011, at
9:00 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         John Sutlic
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman, KYI-1102
         Cayman Islands


JVAF III: Members to Hear Wind-Up Report on January 6
-----------------------------------------------------
The members of JVAF III GP Ltd will receive on January 6, 2011, at
4:00 p.m., 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


KARISIMBI LIMITED: Members to Hear Wind-Up Report on January 8
--------------------------------------------------------------
The members of Karisimbi Limited will receive on January 8, 2011,
at 10:00 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Alan Turner
         Turner & Roulstone
         Strathvale House, 3rd Floor
         90 North Church Street
         P.O. Box 2636, George Town
         Grand Cayman, KY1-1102
         Cayman Islands
         Telephone: 1 345 943 5555


KEYPORT LIMITED: Members Receive Wind-Up Report
-----------------------------------------------
The members of Keyport Limited received on December 31, 2010, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Buchanan Limited
         P.O. Box 1170, George Town Grand Cayman
         Cayman Islands


LOMBARD ASIAN: Shareholders to Hear Wind-Up Report on January 7
---------------------------------------------------------------
The shareholders of Lombard Asian Private Investment Company LDC
will receive on January 7, 2011, at 1:30 p.m., 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


LONGVIEW OPPORTUNITIES: Members Receive Wind-Up Report
------------------------------------------------------
The members of Longview Opportunities Fund received on
December 29, 2010, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

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


ORICO METALS: Members to Hear Wind-Up Report on January 8
---------------------------------------------------------
The members of Orico Metals will receive on January 8, 2011, at
10:00 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Alan Turner
         Turner & Roulstone
         Strathvale House, 3rd Floor
         90 North Church Street
         P.O. Box 2636, George Town
         Grand Cayman, KY1-1102
         Cayman Islands
         Telephone: 1 345 943 5555


PANTERA MAC: Members Receive Wind-Up Report
-------------------------------------------
The members of Pantera Mac Limited received on December 29, 2010,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


PRIME RATE: Members Receive Wind-Up Report
------------------------------------------
The members of Prime Rate Ltd. received on December 31, 2010, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Buchanan Limited
         P.O. Box 1170, George Town Grand Cayman
         Cayman Islands


RIVER RUN: Shareholder Receives Wind-Up Report
----------------------------------------------
The shareholder of River Run Fund, Ltd. received on December 30,
2010, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         Ogier
         c/o Michael Bunn
         Telephone: (345) 815-1848
         Facsimile: (345) 949-9877


RR SPV: Shareholder Receives Wind-Up Report
-------------------------------------------
The shareholder of RR SPV Holdings Ltd. received on December 30,
2010, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         Ogier
         c/o Michael Bunn
         Telephone: (345) 815-1848
         Facsimile: (345) 949-9877


SIERRA MANAGEMENT: Members Receive Wind-Up Report
-------------------------------------------------
The members of Sierra Management Limited received on December 31,
2010, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         Buchanan Limited
         P.O. Box 1170, George Town Grand Cayman
         Cayman Islands


SOJITZ AFRICAN: Shareholder Receives Wind-Up Report
---------------------------------------------------
The shareholder of Sojitz African Power Development received on
December 28, 2010, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Jonathan McLean
         Telephone: (345) 815 1805
         Facsimile: (345) 949-9877


SURINVEST INTERNATIONAL: Shareholders' Meeting Set for January 21
-----------------------------------------------------------------
The shareholders of Surinvest International Limited will receive
on January 21, 2011, at 9:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Bastions Management Limited
         c/o Ogier
         89 Nexus Way, Camana Bay
         Grand Cayman, KYI-9007
         Cayman Islands


THREE M: Members Receive Wind-Up Report
---------------------------------------
The members of Three M Limited received on December 31, 2010, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Buchanan Limited
         P.O. Box 1170, George Town Grand Cayman
         Cayman Islands


TRIAN SPV: Shareholders to Hear Wind-Up Report on January 7
-----------------------------------------------------------
The shareholders of Trian SPV IV, Ltd. will receive on January 7,
2011, at 2:00 p.m., 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


===============
X X X X X X X X
===============


Upcoming Meetings, Conferences and Seminars
-------------------------------------------

January 26-28, 2011
TURNAROUND MANAGEMENT ASSOCIATION
   TMA Distressed Investing Conference
      Aria Las Vegas
         Contact: http://www.turnaround.org/

Jan. 27-28, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Rocky Mountain Bankruptcy Conference
      Westin Tabor Center, Denver, Colo.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 3-5, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Caribbean Insolvency Symposium
      Westin Casuarina Resort & Spa, Grand Cayman Island
         Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 24-25, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Valcon
      Four Seasons Las Vegas, Las Vegas, Nev.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 4, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Bankruptcy Battleground West
      Hyatt Regency Century Plaza, Los Angeles, Calif.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 7-9, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Conrad Duberstein Moot Court Competition
      Duberstein U.S. Courthouse, New York, N.Y.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Nuts and Bolts - Florida
      Tampa, Fla.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10-12, 2011
AMERICAN BANKRUPTCY INSTITUTE
   SUCL/ Alexander L. Paskay Seminar on
   Bankruptcy Law and Practice
      Marriott Tampa Waterside, Tampa, Fla.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 17-19, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Byrne Judicial Clerkship Institute
      Pepperdine University School of Law, Malibu, Calif.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 31-Apr. 3, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Annual Spring Meeting
      Gaylord National Resort & Convention Center,
      National Harbor, Md.
         Contact: 1-703-739-0800; http://www.abiworld.org/

April 27-29, 2011
TURNAROUND MANAGEMENT ASSOCIATION
   TMA Spring Conference
      JW Marriott, Chicago, IL
         Contact: http://www.turnaround.org/

May 5, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Nuts and Bolts - New York City
      Association of the Bar of the City of New York,
      New York, N.Y.
         Contact: 1-703-739-0800; http://www.abiworld.org/

May 6, 2011
AMERICAN BANKRUPTCY INSTITUTE
   New York City Bankruptcy Conference
      Hilton New York, New York, N.Y.
         Contact: 1-703-739-0800; http://www.abiworld.org/

June 6, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Canadian-American Cross-Border Insolvency Symposium
      Fairmont Royal York, Toronto, Ont.
         Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Central States Bankruptcy Workshop
      Grand Traverse Resort and Spa, Traverse City, Mich.
            Contact: http://www.abiworld.org/

July 21-24, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Northeast Bankruptcy Conference
      Hyatt Regency Newport, Newport, R.I.
         Contact: 1-703-739-0800; http://www.abiworld.org/

July 27-30, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Southeast Bankruptcy Workshop
      The Sanctuary at Kiawah Island, Kiawah Island, S.C.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 4-6, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Mid-Atlantic Bankruptcy Workshop
      Hotel Hershey, Hershey, Pa.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 14, 2011
AMERICAN BANKRUPTCY INSTITUTE
   NCBJ/ABI Educational Program
      Tampa Convention Center, Tampa, Fla.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. __, 2011
AMERICAN BANKRUPTCY INSTITUTE
   International Insolvency Symposium
      Dublin, Ireland
         Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 25-27, 2011
TURNAROUND MANAGEMENT ASSOCIATION
   Hilton San Diego Bayfront, San Diego, CA
      Contact: http://www.turnaround.org/

Dec. 1-3, 2011
AMERICAN BANKRUPTCY INSTITUTE
   23rd Annual Winter Leadership Conference
      La Quinta Resort & Spa, La Quinta, Calif.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 19-22, 2012
AMERICAN BANKRUPTCY INSTITUTE
   Annual Spring Meeting
      Gaylord National Resort & Convention Center,
      National Harbor, Md.
         Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2012
AMERICAN BANKRUPTCY INSTITUTE
   Southeast Bankruptcy Workshop
      The Ritz-Carlton Amelia Island, Amelia Island, Fla.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 2-4, 2012
AMERICAN BANKRUPTCY INSTITUTE
   Mid-Atlantic Bankruptcy Workshop
      Hyatt Regency Chesapeake Bay, Cambridge, Md.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29 - Dec. 2, 2012
AMERICAN BANKRUPTCY INSTITUTE
   Winter Leadership Conference
      JW Marriott Starr Pass Resort & Spa, Tucson, Ariz.
         Contact: 1-703-739-0800; http://www.abiworld.org/


                            ***********


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 T.
Fernandez, Valerie U. Pascual, Psyche A. Castillon, Julie Anne G.
Lopez, Ivy B. Magdadaro, Frauline S. Abangan, and Peter A.
Chapman, Editors.

Copyright 2011.  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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