/raid1/www/Hosts/bankrupt/TCRLA_Public/110118.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
Tuesday, January 18, 2011, Vol. 12, No. 12
Headlines
B E R M U D A
CIS LTD: Creditors' Proofs of Debt Due January 26
CIS LTD: Members' Final Meeting Set for February 18
GLOBAL AVIATION: Creditors' Proofs of Debt Due January 26
GLOBAL AVIATION: Members' Final Meeting Set for February 16
HYPPCO FINANCE: Creditors' Proofs of Debt Due January 26
HYPPCO FINANCE: Members' Final Meeting Set for February 16
NEW STAR: Creditors' Proofs of Debt Due January 26
NEW STAR: Members' Final Meeting Set for February 15
NEW STAR: Creditors' Proofs of Debt Due January 26
NEW STAR: Members' Final Meeting Set for February 15
PROTOSTAR LTD: Kiskadee Comm Sues Firm's Officers for $18.25-Mil.
C A Y M A N I S L A N D S
AMALFI INVESTMENTS: Creditors' Proofs of Debt Due January 19
ANCHORAGE CROSSOVER: Creditors' Proofs of Debt Due January 19
AVI GERMANY: Creditors' Proofs of Debt Due January 19
CAPSTONE CAYMAN: Creditors & Contributories to Meet on January 20
CHEYNE EQUITY: Creditors' Proofs of Debt Due January 19
CONCORD INTERNATIONAL: Creditors' Proofs of Debt Due January 20
CPI POLICE: Creditors' Proofs of Debt Due January 20
EPPING FUNDING: Commences Liquidation Proceedings
FAIRFIELD ICAHN: Creditors' Proofs of Debt Due January 21
GLOBAL MARITIME: Creditors' Proofs of Debt Due January 19
ICM OPPORTUNITY: Creditors' Proofs of Debt Due January 19
IRI FINANCE: Creditors' Proofs of Debt Due January 19
JOHNSON HOLDINGS: Placed Under Voluntary Wind-Up
MAXIMUM EMERGING: Commences Liquidation Proceedings
MELLON OFFSHORE: Creditors' Proofs of Debt Due January 19
MULTISTRATEGY CAPITAL: Placed Under Voluntary Wind-Up
MULTISTRATEGY CAPITAL: Shareholders Receive Wind-Up Report
NEW REALM: Creditors' Proofs of Debt Due January 19
NEW REALM: Creditors' Proofs of Debt Due January 19
OAKLEY HOLDINGS: Creditors' Proofs of Debt Due January 26
OMAN GATEWAY: Commences Liquidation Proceedings
OVERTURE CDO I: Creditors' Proofs of Debt Due January 19
PERSHING SQUARE: Creditors' Proofs of Debt Due January 19
PERSHING SQUARE: Creditors' Proofs of Debt Due January 19
PLATINUM MOTORS: Placed Under Voluntary Wind-Up
PLAZA SANNO: Creditors' Proofs of Debt Due January 19
PRIMORES FUND: Commences Liquidation Proceedings
SR YORK: Commences Liquidation Proceedings
TORREY PINES: Commences Liquidation Proceedings
UBS DYNAMIC: Creditors' Proofs of Debt Due January 19
VICTORY ABSOLUTE: Creditors' Proofs of Debt Due January 19
X X X X X X X X
* Large Companies With Insolvent Balance Sheets
- - - - -
=============
B E R M U D A
=============
CIS LTD: Creditors' Proofs of Debt Due January 26
-------------------------------------------------
The creditors of CIS Ltd. are required to file their proofs of
debt by January 26, 2011, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on January 7, 2011.
The company's liquidator is:
Christopher Diepenhorst
The Campbell Agency, Inc.
325 84th Street, S.W. Byron Center
MI49315
USA
CIS LTD: Members' Final Meeting Set for February 18
---------------------------------------------------
The members of CIS Ltd. will hold their final meeting on
February 18, 2011, 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:
Christopher Diepenhorst
The Campbell Agency, Inc.
325 84th Street, S.W. Byron Center
MI49315
USA
GLOBAL AVIATION: Creditors' Proofs of Debt Due January 26
---------------------------------------------------------
The creditors of Global Aviation Services Limited are required to
file their proofs of debt by January 26, 2011, to be included in
the company's dividend distribution.
The company commenced wind-up proceedings on January 4, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House
2 Church Street, Hamilton HM11
Bermuda
GLOBAL AVIATION: Members' Final Meeting Set for February 16
-----------------------------------------------------------
The members of Global Aviation Services Limited will hold their
final meeting on February 16, 2011, 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 January 4, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House
2 Church Street, Hamilton HM11
Bermuda
HYPPCO FINANCE: Creditors' Proofs of Debt Due January 26
--------------------------------------------------------
The creditors of HYPPCO Finance Company Ltd. are required to file
their proofs of debt by January 26, 2011, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on December 31, 2010.
The company's liquidator is:
David P. O'Connor
Delaware Management Company
Once Commerce Square
Philadelphia, PA 19103
USA
HYPPCO FINANCE: Members' Final Meeting Set for February 16
----------------------------------------------------------
The members of HYPPCO Finance Company Ltd. will hold their final
meeting on February 16, 2011, 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:
David P. O'Connor
Delaware Management Company
Once Commerce Square
Philadelphia, PA 19103
USA
NEW STAR: Creditors' Proofs of Debt Due January 26
--------------------------------------------------
The creditors of New Star Global Property Management (Bermuda
Five) Limited are required to file their proofs of debt by
January 26, 2011, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on January 11, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House
2 Church Street, Hamilton HM11
Bermuda
NEW STAR: Members' Final Meeting Set for February 15
----------------------------------------------------
The members of New Star Global Property Management (Bermuda Five)
Limited will hold their final meeting on February 15, 2011, 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:
Robin J. Mayor
Clarendon House
2 Church Street, Hamilton HM11
Bermuda
NEW STAR: Creditors' Proofs of Debt Due January 26
--------------------------------------------------
The creditors of New Star Global Property Management (Bermuda Six)
Limited are required to file their proofs of debt by
January 26, 2011, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on January 11, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House
2 Church Street, Hamilton HM11
Bermuda
NEW STAR: Members' Final Meeting Set for February 15
----------------------------------------------------
The members of New Star Global Property Management (Bermuda Six)
Limited will hold their final meeting on February 15, 2011, 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:
Robin J. Mayor
Clarendon House
2 Church Street, Hamilton HM11
Bermuda
PROTOSTAR LTD: Kiskadee Comm Sues Firm's Officers for $18.25-Mil.
-----------------------------------------------------------------
Jonathan Kent at The Royal Gazette reports that satellite
telecommunications firm Kiskadee Communications (Bermuda) Ltd is
suing two officers of ProtoStar Ltd for $18.25 million in
compensatory damages. The report relates that according to the
complaint, which was filed in the U.S. District Court for the
Northern District of California, Kiskadee's principal shareholders
are listed as Bermudian businessman Jeffrey Conyers and David
Mallof, of Washington, DC.
According to The Royal Gazette, the OffshoreAlert online
newsletter reported that Kiskadee's complaint was lodged against
California resident Philip Father and Maryland resident Eugene
Cacciamani, who served as chairman and chief technology officer,
respectively, of ProtoStar.
Kiskadee, the report recounts, had formed a joint venture with
ProtoStar, aiming to utilize one of Bermuda's potentially
lucrative satellite location slots, which were granted to Bermuda
in 1983 by the United Nations and International Telecommunications
Union.
The Royal Gazette discloses that the complaint reveals Kiskadee
was granted an exclusivity agreement on a satellite slot by the
Bermuda Government. But after ProtoStar filed for bankruptcy and
its joint venture with Kiskadee failed, the Bermuda government
terminated the exclusivity deal in June 2010, the report relates.
"This is a civil action for damages arising from the breach of
fiduciary duties, fraud, negligence and related unlawful conduct
of defendants in their role as directors and officers of ProtoStar
Ltd. and affiliates, brought by an injured minority shareholder,"
the complaint states, The Royal Gazette notes.
Kiskadee claims that ProtoStar failed to disclose the full truth
about its financial situation, the report relates.
The Royal Gazette notes that the complaint adds: "The corporate
financing and performance facts shockingly withheld from Kiskadee
which would land ProtoStar in bankruptcy liquidation within a year
of entering into the Joint Venture with Plaintiff, made it
impossible as a business matter for ProtoStar to meet its
obligation to 'use all commercially reasonable efforts to
undertake and complete' certain licensing milestones including, at
a minimum, submitting a form application for the 'issuance to' the
Joint Venture of a license for or 'the formal assignment' of the
satellite orbital slot from the Government of Bermuda to the Joint
Venture."
The court documents go on to reveal that ProtoStar never provided
any funding to the joint venture and was unable "to complete and
submit even a rudimentary application to the Government of
Bermuda. As a result, the Government terminated Kiskadee's
exclusivity in June 2010 and the valuable opportunity to
commercialise the orbital slot, contributed by Kiskadee to the
Joint Venture, has expired. Only later, after ProtoStar's July
2009 bankruptcy, did Defendant Father admit that the deal with
Kiskadee should never have been pursued due to the investor
restrictions that constrained Proto Star," the report said.
The Royal Gazette says the lawsuit demands compensatory damages
from defendants personally for their fraudulent, unfair, disloyal,
deceptive and negligent actions, in an amount no less than
$18,250,000, plus restitution, disgorgement of profits, punitive
damages, attorneys' fees and interest."
About ProtoStar Ltd.
Hamilton, Bermuda-based ProtoStar Ltd. is a satellite operator
formed in 2005 to acquire, modify, launch and operate high-power
geostationary communication satellites for direct-to-home
satellite television and broadband Internet access across the
Asia-Pacific region.
The Company and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Case No. 09-12659) on July 29, 2009. The Debtor
selected Milbank, Tweed, Hadley & McCloy LLP as lead counsel;
Pachulski Stang Ziehl & Jones LLP as Delaware counsel; Appleby as
Bermuda counsel; UBS Securities LLC as financial advisor and
investment banker and Kurtzman Carson Consultants LLC as claims
and noticing agent. Lawyers at Lowenstein Sandler PC and
Greenberg Traurig LLP represent the Official Committee of
Unsecured Creditors.
Also on July 29, 2009, ProtoStar and its affiliates, including
ProtoStar Development Ltd. commenced a coordinated proceeding in
the Supreme Court of Bermuda. John C. McKenna of Finance & Risk
Services Ltd. serves as liquidator of the Bermuda Group.
In their Chapter 11 petitions, the Debtors each estimated their
assets and debts at US$100 million and US$500 million. As of
December 31, 2008, ProtoStar's consolidated financial statements,
which include non-debtor affiliates, showed total assets of
US$463,000,000 and liabilities totaling US$528,000,000.
===========================
C A Y M A N I S L A N D S
===========================
AMALFI INVESTMENTS: Creditors' Proofs of Debt Due January 19
------------------------------------------------------------
The creditors of Amalfi Investments Limited are required to file
their proofs of debt by January 19, 2011, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on December 3, 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
ANCHORAGE CROSSOVER: Creditors' Proofs of Debt Due January 19
-------------------------------------------------------------
The creditors of Anchorage Crossover Credit Offshore Fund, Ltd.
are required to file their proofs of debt by January 19, 2011, to
be included in the company's dividend distribution.
The company commenced liquidation proceedings on December 8, 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
AVI GERMANY: Creditors' Proofs of Debt Due January 19
-----------------------------------------------------
The creditors of AVI Germany Fund I are required to file their
proofs of debt by January 19, 2011, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on December 7, 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
CAPSTONE CAYMAN: Creditors & Contributories to Meet on January 20
-----------------------------------------------------------------
The creditors and contributories of Capstone Cayman Special
Purpose Fund L.P. will hold their first meeting on January 20,
2011, at 10:00 a.m.
The company's liquidator is:
Michael Pearson
c/o Trudy-Ann Baines
Deloitte & Touche
P.O. Box 1787, Grand Cayman KY1-1109
Cayman Islands
Telephone: (345) 949 7500
Facsimile: (345) 949 8238
e-mail: tabaines@deloitte.com
CHEYNE EQUITY: Creditors' Proofs of Debt Due January 19
-------------------------------------------------------
The creditors of Cheyne Equity Macro Fund Inc. are required to
file their proofs of debt by January 19, 2011, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on November 9, 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
CONCORD INTERNATIONAL: Creditors' Proofs of Debt Due January 20
---------------------------------------------------------------
The creditors of Concord International Ltd. are required to file
their proofs of debt by January 20, 2011, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on December 9, 2010.
The company's liquidator is:
Tsai Sung-Po
c/o Neil Gray
Telephone: (345) 949 8455
Facsimile: (345) 949 8499
Close Brothers (Cayman) Limited
Harbour Place, Fourth Floor
P.O. Box 1034, Grand Cayman KY1-1102
Cayman Islands
CPI POLICE: Creditors' Proofs of Debt Due January 20
----------------------------------------------------
The creditors of CPI Police Services, Ltd. are required to file
their proofs of debt by January 20, 2011, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on November 30,
2010.
The company's liquidator is:
Linburgh Martin
c/o Neil Gray
Telephone: (345) 949 8455
Facsimile: (345) 949 8499
Close Brothers (Cayman) Limited
Harbour Place, Fourth Floor
P.O. Box 1034, Grand Cayman
Cayman Islands
EPPING FUNDING: Commences Liquidation Proceedings
-------------------------------------------------
On December 7, 2010, the sole shareholder of Epping Funding
Limited resolved to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Swiss Re Services Limited
30 St Mary's Axe
London
FAIRFIELD ICAHN: Creditors' Proofs of Debt Due January 21
---------------------------------------------------------
The creditors of Fairfield Icahn Fund Ltd are required to file
their proofs of debt by January 21, 2011, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on December 6, 2010.
The company's liquidator is:
Ian D. Stokoe
c/o Sarah Moxam
Telephone: (345) 914 8634
Facsimile: (345) 945 4237
PO Box 258, Grand Cayman KY1-1104
Cayman Islands
GLOBAL MARITIME: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of Global Maritime Futures Master Fund Limited are
required to file their proofs of debt by January 19, 2011, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on December 7, 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
ICM OPPORTUNITY: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of ICM Opportunity Master Fund Ltd. are required to
file their proofs of debt by January 19, 2011, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on December 7, 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
IRI FINANCE: Creditors' Proofs of Debt Due January 19
-----------------------------------------------------
The creditors of Iri Finance & Technology Asia Ltd. are required
to file their proofs of debt by January 19, 2011, to be included
in the company's dividend distribution.
The company commenced liquidation proceedings on November 23,
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
JOHNSON HOLDINGS: Placed Under Voluntary Wind-Up
------------------------------------------------
On December 9, 2010, the sole shareholder of Johnson Holdings Ltd.
passed a resolution that voluntarily winds up the company's
operations.
Only creditors who were able to file their proofs of debt by
January 14, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
MBT Trustees Ltd.
Telephone: 945-8859
Facsimile: 949-9793/4
P.O. Box 30622, Grand Cayman KY1-1203
Cayman Islands
MAXIMUM EMERGING: Commences Liquidation Proceedings
---------------------------------------------------
On December 9, 2010, the sole shareholder of Maximum Emerging Asia
Alpha resolved to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
CDL Company Ltd.
P.O. Box 31106, Grand Cayman KY1-1205
Cayman Islands
MELLON OFFSHORE: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of Mellon Offshore Enhanced Global Opportunity
Master Fund, Ltd. are required to file their proofs of debt by
January 19, 2011, to be included in the company's dividend
distribution.
The company commenced liquidation proceedings on December 1, 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
MULTISTRATEGY CAPITAL: Placed Under Voluntary Wind-Up
-----------------------------------------------------
On November 19, 2010, the sole shareholder of Multistrategy
Capital Investors SPC resolved to voluntarily wind up the
company's operations.
Only creditors who were able to file their proofs of debt by
January 14, 2011, will be included in the company's dividend
distribution.
The company's liquidators are:
E. Andrew Hersant
Christopher Humphries
Stuarts Walker Hersant
Telephone: (345) 949 3344
Facsimile: (345) 949 2888
P.O. Box 2510, Grand Cayman KY1-1104
Cayman Islands
MULTISTRATEGY CAPITAL: Shareholders Receive Wind-Up Report
----------------------------------------------------------
The shareholders of Multistrategy Capital Investors SPC received
on January 17, 2011, the liquidator's report on the company's
wind-up proceedings and property disposal.
The company's liquidators are:
E. Andrew Hersant
Christopher Humphries
Stuarts Walker Hersant
Telephone: (345) 949 3344
Facsimile: (345) 949 2888
P.O. Box 2510, Grand Cayman KY1-1104
Cayman Islands
NEW REALM: Creditors' Proofs of Debt Due January 19
---------------------------------------------------
The creditors of New Realm Capital, Ltd. are required to file
their proofs of debt by January 19, 2011, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on December 6, 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
NEW REALM: Creditors' Proofs of Debt Due January 19
---------------------------------------------------
The creditors of New Realm Intelligence, Ltd. are required to file
their proofs of debt by January 19, 2011, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on December 6, 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
OAKLEY HOLDINGS: Creditors' Proofs of Debt Due January 26
---------------------------------------------------------
The creditors of Oakley Holdings Ltd are required to file their
proofs of debt by January 26, 2011, to be included in the
company's dividend distribution.
The company was placed under voluntary wind-up on December 1,
2010.
The company's liquidator is:
EQ Nominees Ltd
c/o Ian Goddard
Cereita Lawrence
P.O. Box 10338, Grand Cayman KY1-1003
Telephone: 345-949-7232
e-mail: clawrence@ky.equitytrust.com
OMAN GATEWAY: Commences Liquidation Proceedings
-----------------------------------------------
On December 6, 2010, the sole shareholder of Oman Gateway Fund
Ltd. resolved to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Ghassan Hitti
c/o Alan G. de Saram
Telephone: 949-4544
Facsimile: 949-8460
Charles Adams Ritchie & Duckworth
Zephyr House
122 Mary Street
PO Box 709, Grand Cayman KY1-1107
Cayman Islands
OVERTURE CDO I: Creditors' Proofs of Debt Due January 19
--------------------------------------------------------
The creditors of Overture CDO I (Cayman Islands) Limited are
required to file their proofs of debt by January 19, 2011, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on December 8, 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 KY1-9005
Cayman Islands
PERSHING SQUARE: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of Pershing Square International IV, Ltd. are
required to file their proofs of debt by January 19, 2011, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on December 7, 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
PERSHING SQUARE: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of Pershing Square International IVI, Ltd. are
required to file their proofs of debt by January 19, 2011, to be
included in the company's dividend distribution.
The company commenced liquidation proceedings on December 7, 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
PLATINUM MOTORS: Placed Under Voluntary Wind-Up
-----------------------------------------------
On December 7, 2010, the shareholders of Platinum Motors Cayman
Ltd. resolved to voluntarily wind up the company's operations.
Only creditors who were able to file their proofs of debt by
January 11, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Brian Nicholas Mackie
c/o Garage Ltd.
Wildey, St. Michael
Barbados
Telephone: (246) 431-4100
Facsimile: (246) 426-2276
PLAZA SANNO: Creditors' Proofs of Debt Due January 19
-----------------------------------------------------
The creditors of Plaza Sanno Holding Co., Ltd. are required to
file their proofs of debt by January 19, 2011, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on December 8, 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 KY1-9005
Cayman Islands
PRIMORES FUND: Commences Liquidation Proceedings
------------------------------------------------
On December 8, 2010, the sole shareholder of Primores Fund II SPC
resolved to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
January 17, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Eric Andersen
c/o Alan G. de Saram
Telephone: 949-4544
Facsimile: 949-8460
Charles Adams Ritchie & Duckworth
Zephyr House
122 Mary Street
PO Box 709, Grand Cayman KY1-1107
Cayman Islands
SR YORK: Commences Liquidation Proceedings
------------------------------------------
On December 7, 2010, the sole shareholder of SR York Limited
resolved to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Swiss Re Services Limited
30 St Mary's Axe
London
TORREY PINES: Commences Liquidation Proceedings
-----------------------------------------------
The sole shareholder of Torrey Pines Asia Fund Ltd. resolved on
November 25, 2010, to voluntarily liquidate the company's
business.
Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.
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
UBS DYNAMIC: Creditors' Proofs of Debt Due January 19
-----------------------------------------------------
The creditors of UBS Dynamic Alpha Strategies Master Fund 3 Ltd.
are required to file their proofs of debt by January 19, 2011, to
be included in the company's dividend distribution.
The company commenced liquidation proceedings on December 3, 2010.
The company's liquidator is:
Graham Robinson
c/o Omar Grant
Telephone: (345) 949 7576
Facsimile: (345) 949 8295
P.O. Box 897
Windward 1, Regatta Office Park
Grand Cayman KY1-1103
Cayman Islands
VICTORY ABSOLUTE: Creditors' Proofs of Debt Due January 19
----------------------------------------------------------
The creditors of Victory Absolute Return Credit II Master Fund,
Ltd. are required to file their proofs of debt by January 19,
2011, to be included in the company's dividend distribution.
The company commenced liquidation proceedings on December 8, 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
===============
X X X X X X X X
===============
* Large Companies With Insolvent Balance Sheets
-----------------------------------------------
Total
Total Shareholders
Assets Equity
Company Ticker (US$MM) (US$MM)
------- ------ ------------ -------
ARGENTINA
IMPTD AR IMPSAT FIBER-$US 535007008 -17165000
IMPT AR IMPSAT FIBER-CED 535007008 -17165000
IMPTC AR IMPSAT FIBER-C/E 535007008 -17165000
IMPTB AR IMPSAT FIBER-BLK 535007008 -17165000
330902Q GR IMPSAT FIBER NET 535007008 -17165000
XIMPT SM IMPSAT FIBER NET 535007008 -17165000
IMPTQ US IMPSAT FIBER NET 535007008 -17165000
CADN SW SOC COMERCIAL PL 138884129 -253031947
COMED AR COMERCIAL PLAT-$ 138884129 -253031947
SCPDS LI COMERCIAL PL-ADR 138884129 -253031947
CADN EO SOC COMERCIAL PL 138884129 -253031947
CVVIF US SOC COMERCIAL PL 138884129 -253031947
SCDPF US SOC COMERCIAL PL 138884129 -253031947
COMEB AR COMERCIAL PLA-BL 138884129 -253031947
COME AR SOC COMERCIAL PL 138884129 -253031947
CAD IX SOC COMERCIAL PL 138884129 -253031947
COMEC AR COMERCIAL PL-C/E 138884129 -253031947
SDAGF US SNIAFA SA-B 11229696.2 -2670544.88
SNIA5 AR SNIAFA SA-B 11229696.2 -2670544.88
SNIA AR SNIAFA SA 11229696.2 -2670544.88
BRAZIL
VAGV4 BZ VARIG SA-PREF 966298026 -4695211316
VARGPN BZ VARIG SA-PREF 966298026 -4695211316
VARGON BZ VARIG SA 966298026 -4695211316
VAGV3 BZ VARIG SA 966298026 -4695211316
AGRE LX AGRENCO LTD 542862484 -297848371
AGEN11 BZ AGRENCO LTD-BDR 542862484 -297848371
MILK11 BZ LAEP-BDR 432349610 -161351898
LEAP LX LAEP INVESTMENTS 432349610 -161351898
HBTS3 BZ HABITASUL 408678629 -108615.446
HBTS6 BZ HABITASUL-PREF B 408678629 -108615.446
HSULAN BZ HABITASUL-PREF A 408678629 -108615.446
HSULON BZ HABITASUL 408678629 -108615.446
HSULBN BZ HABITASUL-PREF B 408678629 -108615.446
HBTS5 BZ HABITASUL-PREF A 408678629 -108615.446
1CPMON BZ CIA PETROLIFERA 377602195 -3014291.72
MRLM4 BZ CIA PETROLIF-PRF 377602195 -3014291.72
1CPMPN BZ CIA PETROLIF-PRF 377602195 -3014291.72
MRLM3B BZ CIA PETROLIFERA 377602195 -3014291.72
MRLM4B BZ CIA PETROLIF-PRF 377602195 -3014291.72
MRLM3 BZ CIA PETROLIFERA 377602195 -3014291.72
BOBRPN BZ BOMBRIL CIRIO-PF 316331265 -123554206
BMBBY US BOMBRIL SA-ADR 316331265 -123554206
BOBRON BZ BOMBRIL CIRIO SA 316331265 -123554206
BOBR3 BZ BOMBRIL 316331265 -123554206
BMBPY US BOMBRIL SA-ADR 316331265 -123554206
BOBR4 BZ BOMBRIL-PREF 316331265 -123554206
BOBR1 BZ BOMBRIL-RIGHTS 316331265 -123554206
BOBR2 BZ BOMBRIL-RGTS PRE 316331265 -123554206
BMBBF US BOMBRIL 316331265 -123554206
TBASY US TELEBRAS-ADR 262220712 -16698444.2
TELB3 BZ TELEBRAS SA 262220712 -16698444.2
TLBRUO BZ TELEBRAS-RECEIPT 262220712 -16698444.2
RCTB41 BZ TELEBRAS-PF RCPT 262220712 -16698444.2
RCTB40 BZ TELEBRAS-PF RCPT 262220712 -16698444.2
CBRZF US TELEBRAS-PF RCPT 262220712 -16698444.2
TLBRPN BZ TELEBRAS SA-PREF 262220712 -16698444.2
TBH-W US TELEBRAS/W-I-ADR 262220712 -16698444.2
TCLP1 BZ TELEBRAS-RTS CMN 262220712 -16698444.2
TBAPF US TELEBRAS-PF RCPT 262220712 -16698444.2
TELE31 BZ TELEBRAS-CM RCPT 262220712 -16698444.2
TELB10 BZ TELEBRAS-RCT PRF 262220712 -16698444.2
TELB9 BZ TELEBRAS SA-RT 262220712 -16698444.2
RCT4C AR TELEBRAS-CED C/E 262220712 -16698444.2
81370Z BZ TELECOMUNICA-ADR 262220712 -16698444.2
TELB30 BZ TELEBRAS-BLOCK 262220712 -16698444.2
RCTB33 BZ TELEBRAS-RCT 262220712 -16698444.2
TBRAY GR TELEBRAS-ADR 262220712 -16698444.2
TLBRUP BZ TELEBRAS-PF RCPT 262220712 -16698444.2
TELE41 BZ TELEBRAS-PF RCPT 262220712 -16698444.2
TEL4D AR TELEBRAS-CEDEA $ 262220712 -16698444.2
RCTB32 BZ TELEBRAS-CM RCPT 262220712 -16698444.2
TBAPY US TELEBRAS-ADR 262220712 -16698444.2
TELB4 BZ TELEBRAS SA-PREF 262220712 -16698444.2
TBX GR TELEBRAS-ADR 262220712 -16698444.2
RTB US TELEBRAS-ADR 262220712 -16698444.2
RCTB30 BZ TELEBRAS-CM RCPT 262220712 -16698444.2
RCTB1 BZ TELEBRAS-RTS CMN 262220712 -16698444.2
TELB40 BZ TELEBRAS-PF BLCK 262220712 -16698444.2
RCT4D AR TELEBRAS-CEDEA $ 262220712 -16698444.2
TBRTF US TELEBRAS-CM RCPT 262220712 -16698444.2
RCTB2 BZ TELEBRAS-RTS PRF 262220712 -16698444.2
TBH US TELEBRAS-ADR 262220712 -16698444.2
RCTB4 AR TELEBRAS-CEDE PF 262220712 -16698444.2
TBASF US TELEBRAS SA 262220712 -16698444.2
TLBRON BZ TELEBRAS SA 262220712 -16698444.2
RCTB42 BZ TELEBRAS-PF RCPT 262220712 -16698444.2
TELB1 BZ TELEBRAS-COM RT 262220712 -16698444.2
RCT4B AR TELEBRAS-CEDE BL 262220712 -16698444.2
TELB4 AR TELEBRAS-CEDE PF 262220712 -16698444.2
TEL4C AR TELEBRAS-CED C/E 262220712 -16698444.2
RCTB31 BZ TELEBRAS-CM RCPT 262220712 -16698444.2
TLCP2 BZ TELEBRAS-RTS PRF 262220712 -16698444.2
HOTHON BZ HOTEIS OTHON SA 255036150 -42606769.7
HOOT3 BZ HOTEIS OTHON SA 255036150 -42606769.7
HOTHPN BZ HOTEIS OTHON-PRF 255036150 -42606769.7
HOOT4 BZ HOTEIS OTHON-PRF 255036150 -42606769.7
TEKA4 BZ TEKA-PREF 246866965 -392777063
TKTPF US TEKA-PREF 246866965 -392777063
TEKA3 BZ TEKA 246866965 -392777063
TKTPY US TEKA-ADR 246866965 -392777063
TKTQF US TEKA 246866965 -392777063
TKTQY US TEKA-ADR 246866965 -392777063
TEKAON BZ TEKA 246866965 -392777063
TEKAY US TEKA-ADR 246866965 -392777063
TEKAPN BZ TEKA-PREF 246866965 -392777063
SNSYAN BZ SANSUY SA-PREF A 172563384 -94849032.9
SNSYBN BZ SANSUY SA-PREF B 172563384 -94849032.9
SNSY5 BZ SANSUY-PREF A 172563384 -94849032.9
SNSY6 BZ SANSUY-PREF B 172563384 -94849032.9
SNSYON BZ SANSUY SA 172563384 -94849032.9
SNSY3 BZ SANSUY 172563384 -94849032.9
BLDR3 BZ BALADARE 159454016 -52992212.8
3678565Q BZ PET MANG-RIGHTS 140673541 -164925695
4115360Q BZ PET MANG-RT 140673541 -164925695
RPMG10 BZ PET MANG-RECEIPT 140673541 -164925695
MANGPN BZ PETRO MANGUIN-PF 140673541 -164925695
RPMG1 BZ PET MANG-RT 140673541 -164925695
RPMG3 BZ PETRO MANGUINHOS 140673541 -164925695
RPMG4 BZ PET MANGUINH-PRF 140673541 -164925695
MANGON BZ PETRO MANGUINHOS 140673541 -164925695
RPMG9 BZ PET MANG-RECEIPT 140673541 -164925695
4115364Q BZ PET MANG-RT 140673541 -164925695
RPMG2 BZ PET MANG-RT 140673541 -164925695
3678569Q BZ PET MANG-RIGHTS 140673541 -164925695
IMBION BZ DOCAS IMBITUBA 96977064.5 -42592602.5
IMBI2 BZ DOC IMBITUBA-RTP 96977064.5 -42592602.5
IMBI3 BZ DOC IMBITUBA 96977064.5 -42592602.5
IMBI1 BZ DOC IMBITUBA-RTC 96977064.5 -42592602.5
IMBI4 BZ DOC IMBITUB-PREF 96977064.5 -42592602.5
IMBIPN BZ DOCAS IMBITUB-PR 96977064.5 -42592602.5
VPSC3 BZ VARIG PART EM SE 96617351.1 -460274609
VPSC4 BZ VARIG PART EM-PR 96617351.1 -460274609
TXRX4 BZ RENAUXVIEW SA-PF 73095833.7 -103943215
TXRX1 BZ TEXTEIS RENAU-RT 73095833.7 -103943215
RENXPN BZ TEXTEIS RENAUX 73095833.7 -103943215
TXRX10 BZ TEXTEIS RENA-RCT 73095833.7 -103943215
RENXON BZ TEXTEIS RENAUX 73095833.7 -103943215
TXRX2 BZ TEXTEIS RENAU-RT 73095833.7 -103943215
TXRX3 BZ RENAUXVIEW SA 73095833.7 -103943215
TXRX9 BZ TEXTEIS RENA-RCT 73095833.7 -103943215
FRNXPN BZ FABRICA RENAUX-P 63865882 -73255215.1
FTRX1 BZ FABRICA TECID-RT 63865882 -73255215.1
FTRX4 BZ FABRICA RENAUX-P 63865882 -73255215.1
FRNXON BZ FABRICA RENAUX 63865882 -73255215.1
FTRX3 BZ FABRICA RENAUX 63865882 -73255215.1
MNPRPN BZ MINUPAR SA-PREF 63144533.8 -60655823.4
MNPR9 BZ MINUPAR-RCT 63144533.8 -60655823.4
MNPR4 BZ MINUPAR-PREF 63144533.8 -60655823.4
MNPR1 BZ MINUPAR-RT 63144533.8 -60655823.4
MNPRON BZ MINUPAR SA 63144533.8 -60655823.4
MNPR3 BZ MINUPAR 63144533.8 -60655823.4
VPTA3 BZ VARIG PART EM TR 49432124.2 -399290426
VPTA4 BZ VARIG PART EM-PR 49432124.2 -399290426
GAFPN BZ CIMOB PART-PREF 39881386.6 -41560336.9
GAFON BZ CIMOB PARTIC SA 39881386.6 -41560336.9
GAFP4 BZ CIMOB PART-PREF 39881386.6 -41560336.9
GAFP3 BZ CIMOB PARTIC SA 39881386.6 -41560336.9
SNST3 BZ SANESALTO 31044051 -1843297.83
STARON BZ STAROUP SA 27663604.9 -7174512.03
STARPN BZ STAROUP SA-PREF 27663604.9 -7174512.03
STRP3 BZ BOTUCATU TEXTIL 27663604.9 -7174512.03
STRP4 BZ BOTUCATU-PREF 27663604.9 -7174512.03
1009Q BZ CONST BETER-PR B 25469474.3 -4918662.56
1COBBN BZ CONST BETER-PF B 25469474.3 -4918662.56
COBE3 BZ CONST BETER SA 25469474.3 -4918662.56
1008Q BZ CONST BETER-PR A 25469474.3 -4918662.56
COBE5 BZ CONST BETER-PF A 25469474.3 -4918662.56
COBEON BZ CONST BETER SA 25469474.3 -4918662.56
1COBON BZ CONST BETER SA 25469474.3 -4918662.56
1COBAN BZ CONST BETER-PF A 25469474.3 -4918662.56
COBEBN BZ CONST BETER-PR B 25469474.3 -4918662.56
COBEAN BZ CONST BETER-PR A 25469474.3 -4918662.56
COBE3B BZ CONST BETER SA 25469474.3 -4918662.56
1007Q BZ CONST BETER SA 25469474.3 -4918662.56
COBE6 BZ CONST BETER-PF B 25469474.3 -4918662.56
STLB9 BZ STEEL - RCT ORD 22548846.4 -4346785.7
STLB3 BZ STEEL DO BRASIL 22548846.4 -4346785.7
STLB1 BZ STEEL - RT 22548846.4 -4346785.7
CCHI3 BZ CHIARELLI SA 22274026.8 -44537138.2
CCHI4 BZ CHIARELLI SA-PRF 22274026.8 -44537138.2
CCHON BZ CHIARELLI SA 22274026.8 -44537138.2
CCHPN BZ CHIARELLI SA-PRF 22274026.8 -44537138.2
HAGA4 BZ FER HAGA-PREF 21299042.6 -62858771.3
HAGA3 BZ HAGA 21299042.6 -62858771.3
HAGAON BZ FERRAGENS HAGA 21299042.6 -62858771.3
HAGAPN BZ FERRAGENS HAGA-P 21299042.6 -62858771.3
CAFE3 BZ CAF BRASILIA 21097369.7 -903951461
CSBRPN BZ CAFE BRASILIA-PR 21097369.7 -903951461
CSBRON BZ CAFE BRASILIA SA 21097369.7 -903951461
CAFE4 BZ CAF BRASILIA-PRF 21097369.7 -903951461
FTSJON BZ TECEL S JOSE 19067322.2 -52580501.1
SJOS3 BZ TECEL S JOSE 19067322.2 -52580501.1
SJOS4 BZ TECEL S JOSE-PRF 19067322.2 -52580501.1
FTSJPN BZ TECEL S JOSE-PRF 19067322.2 -52580501.1
NORDON BZ NORDON METAL 16108142.8 -22352940.6
NORD3 BZ NORDON MET 16108142.8 -22352940.6
NORD1 BZ NORDON MET-RTS 16108142.8 -22352940.6
UNCI3 BZ UNI CIDADE 15873892.4 -6485540.41
GAZON BZ GAZOLA SA 12452143.1 -40298506.3
GAZO9 BZ GAZOLA-RCPTS CMN 12452143.1 -40298506.3
GAZO10 BZ GAZOLA-RCPT PREF 12452143.1 -40298506.3
GAZO3 BZ GAZOLA 12452143.1 -40298506.3
GAZPN BZ GAZOLA SA-PREF 12452143.1 -40298506.3
GAZO11 BZ GAZOLA SA-DVD CM 12452143.1 -40298506.3
GAZO4 BZ GAZOLA-PREF 12452143.1 -40298506.3
GAZO12 BZ GAZOLA SA-DVD PF 12452143.1 -40298506.3
ARLA9 BZ ARTHUR LANG-RC C 11642255.9 -17154461.9
ARLA10 BZ ARTHUR LANG-RC P 11642255.9 -17154461.9
ARLA1 BZ ARTHUR LANG-RT C 11642255.9 -17154461.9
ALICON BZ ARTHUR LANGE SA 11642255.9 -17154461.9
ARLA3 BZ ARTHUR LANGE 11642255.9 -17154461.9
ARLA11 BZ ARTHUR LAN-DVD C 11642255.9 -17154461.9
ARLA4 BZ ARTHUR LANGE-PRF 11642255.9 -17154461.9
ARLA2 BZ ARTHUR LANG-RT P 11642255.9 -17154461.9
ALICPN BZ ARTHUR LANGE-PRF 11642255.9 -17154461.9
ARLA12 BZ ARTHUR LAN-DVD P 11642255.9 -17154461.9
FGUI3 BZ F GUIMARAES 11016542.1 -151840377
FGUIPN BZ FERREIRA GUIM-PR 11016542.1 -151840377
FGUI4 BZ F GUIMARAES-PREF 11016542.1 -151840377
FGUION BZ FERREIRA GUIMARA 11016542.1 -151840377
COLOMBIA
TELEX CI CHILESAT CORP SA 953784479 -103476159
CHILESAT CI TELMEX CORP SA 953784479 -103476159
TL US CHILESAT CO-ADR 953784479 -103476159
CHISATOS CI CHILESAT CO-RTS 953784479 -103476159
TELEXO CI TELEX-RTS 953784479 -103476159
TELEXA CI TELEX-A 953784479 -103476159
CSAOY US TELMEX CORP-ADR 953784479 -103476159
***********
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.
* * * End of Transmission * * *