TCRLA_Public/110920.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, September 20, 2011, Vol. 12, No. 186

                            Headlines



A R G E N T I N A

TELEFONICA DE ARGENTINA: Fitch Withdraws 'BB-' Local Currency IDR


C A Y M A N   I S L A N D S

ALPHASELECT GC: Commences Liquidation Proceedings
BAM TOTAL: Commences Liquidation Proceedings
BASIS PAC-RIM: Commences Liquidation Proceedings
BASIS YIELD: Commences Liquidation Proceedings
CREDIT LINKED: Commences Liquidation Proceedings

FUND ACCESS: Commences Liquidation Proceedings
I2PF: Court Enters Wind-Up Proceedings
LEHMAN BROTHERS: Placed Under Voluntary Wind-Up
MA APHELION: Commences Liquidation Proceedings
MA GARTMORE: Commences Liquidation Proceedings

MA GLS 193: Commences Liquidation Proceedings
OZINGO CORPORATION: Placed Under Voluntary Wind-Up
PARIDON ASIA: Commences Liquidation Proceedings
PARIDON ASIA, MASTER: Commences Liquidation Proceedings
PRS GLOBAL: Creditors' Proofs of Debt Due Sept. 26

PRS INVESTMENT: Creditors' Proofs of Debt Due Sept. 26
SHEERWATER LTD: Commences Liquidation Proceedings
TRADEWORX ULTRA: Creditors' Proofs of Debt Due Sept. 29
TRADEWORX ULTRA, MASTER: Creditors' Proofs of Debt Due Sept. 29


J A M A I C A

AIR JAMAICA: Resumes Flights From Kingston to Orlando
ALPART: Norsk Hydro Sells 3.5% Stake in Firm for US$46 Million


M E X I C O

* DURANGO MUNICIPALITY: Moody's Cuts Issuer Ratings to 'Ba3'


P U E R T O   R I C O

PONCE DE LEON: Case Summary & 15 Largest Unsecured Creditors


T R I N I D A D  &  T O B A G O

CL FINANCIAL: Government Passes CLICO Bill


X X X X X X X X

* Large Companies With Insolvent Balance Sheets


                            - - - - -


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


TELEFONICA DE ARGENTINA: Fitch Withdraws 'BB-' Local Currency IDR
-----------------------------------------------------------------
Fitch Ratings has affirmed and simultaneously withdrawn the
following ratings for Telefonica de Argentina S.A. (TASA): local
currency Issuer Default Rating (IDR) at 'BB-' and foreign
currency IDR at 'B+'.  In addition, Fitch has also withdrawn
TASA's national scale rating at 'AA+(arg)'.

The rating actions follow TASA's debt payment of ARS495 million
during the last month and the expectation that the company will
not raise debt in the medium term.  Fitch will no longer provide
analytical coverage of TASA.  Considering indebtedness reported
as of June 30, 2011 and the debt payment, TASA has a pro forma
total debt of ARS106 million versus latest 12-month EBITDA of
ARS1,946 million.

TASA's ratings are supported by its solid business position,
strong cash flow generation, and sound financial profile.  The
ratings are tempered by regulatory risk and mobile substitution.
The foreign currency IDR, rated one notch higher than Argentina's
country ceiling, incorporated a level of implicit support from
its controlling shareholder, Telefonica S.A. (TEF) of Spain.


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


ALPHASELECT GC: Commences Liquidation Proceedings
-------------------------------------------------
On August 18, 2011, the members of Alphaselect GC Limited
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


BAM TOTAL: Commences Liquidation Proceedings
--------------------------------------------
On August 16, 2011, the sole shareholder of Bam Total Return
Master Fund, Ltd. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Jennifer Chailler
         Telephone: (345) 814 6847
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands


BASIS PAC-RIM: Commences Liquidation Proceedings
------------------------------------------------
On August 5, 2011, the sole shareholder of Basis Pac-Rim
Opportunity Fund resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Sept. 7, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Peter Dobson
         P.O. Box N115 Grosvenor Place
         Sydney NSW 1220
         Australia
         e-mail: pdobson@basiscap.com.au
         c/o Fiona MacAdam
         Walkers, Walker House, 87 Mary Street
         George Town, Grand Cayman KY1-9001
         Cayman Islands


BASIS YIELD: Commences Liquidation Proceedings
----------------------------------------------
On August 5, 2011, the sole shareholder of Basis Yield Aplha Fund
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 7, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Peter Dobson
         P.O. Box N115 Grosvenor Place
         Sydney NSW 1220
         Australia
         e-mail: pdobson@basiscap.com.au
         c/o Fiona MacAdam
         Walkers, Walker House, 87 Mary Street
         George Town, Grand Cayman KY1-9001
         Cayman Islands


CREDIT LINKED: Commences Liquidation Proceedings
------------------------------------------------
On August 18, 2011, the members of Credit Linked Notes Ltd. 2005-
1 resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


FUND ACCESS: Commences Liquidation Proceedings
----------------------------------------------
On August 18, 2011, the members of Fund Access ARB Limited
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


I2PF: Court Enters Wind-Up Proceedings
--------------------------------------
On August 16, 2011, the Grand Court of Cayman Islands entered an
order to wind up the operations of I2PF.

The company's liquidator is:

         Peter Anderson
         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


LEHMAN BROTHERS: Placed Under Voluntary Wind-Up
-----------------------------------------------
On August 16, 2011, the sole member of Lehman Brothers Global
Diversity Fund, Ltd. resolved to voluntarily wind up the
company's operations.

Only creditors who were able to file their proofs of debt by
Sept. 19, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Richard Finlay
         c/o Tania Dons
         Telephone: (345) 814 7766
         Facsimile: (345) 945 3902
         P.O. Box 2681 Grand Cayman   KY1-1111
         Cayman Islands


MA APHELION: Commences Liquidation Proceedings
----------------------------------------------
On August 18, 2011, the members of MA Aphelion Limited resolved
to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


MA GARTMORE: Commences Liquidation Proceedings
----------------------------------------------
On August 18, 2011, the members of MA Gartmore Latin America L/S
Fund resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


MA GLS 193: Commences Liquidation Proceedings
---------------------------------------------
On August 18, 2011, the members of MA GLS 193 resolved to
voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


OZINGO CORPORATION: Placed Under Voluntary Wind-Up
--------------------------------------------------
On August 16, 2011, the sole shareholder of Ozingo Corporation
resolved to voluntarily wind up the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


PARIDON ASIA: Commences Liquidation Proceedings
-----------------------------------------------
On August 16, 2011, the sole shareholder of Paridon Asia Macro
Fund Limited resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Jennifer Chailler
         Telephone: (345) 814 6847
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands


PARIDON ASIA, MASTER: Commences Liquidation Proceedings
-------------------------------------------------------
On August 16, 2011, the sole shareholder of Paridon Asia Macro
Master Fund Limited resolved to voluntarily liquidate the
company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Jennifer Chailler
         Telephone: (345) 814 6847
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands


PRS GLOBAL: Creditors' Proofs of Debt Due Sept. 26
--------------------------------------------------
The creditors of The PRS Global Portfolio Fund are required to
file their proofs of debt by Sept. 26, 2011, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on July 13, 2011.

The company's liquidator is:

         Ogier
         Michael Lubin
         Telephone: +1 (345) 815-1793
         Facsimile: +1 (345) 949-9877
         c/o Ogier
         89 Nexus Way Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


PRS INVESTMENT: Creditors' Proofs of Debt Due Sept. 26
------------------------------------------------------
The creditors of PRS Investment Partners (Cayman) Ltd. are
required to file their proofs of debt by Sept. 26, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on July 14, 2011.

The company's liquidator is:

         Ogier
         Michael Lubin
         Telephone: +1 (345) 815-1793
         Facsimile: +1 (345) 949-9877
         c/o Ogier
         89 Nexus Way Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


SHEERWATER LTD: Commences Liquidation Proceedings
-------------------------------------------------
On August 10, 2011, the sole shareholder of Sheerwater Ltd.
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Sept. 18, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Jennifer Chailler
         Telephone: (345) 814 6847
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands


TRADEWORX ULTRA: Creditors' Proofs of Debt Due Sept. 29
-------------------------------------------------------
The creditors of Tradeworx Ultra Offshore, Ltd. are required to
file their proofs of debt by Sept. 29, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 17, 2011.

The company's liquidator is:

         DMS Corporate Services Ltd.
         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


TRADEWORX ULTRA, MASTER: Creditors' Proofs of Debt Due Sept. 29
---------------------------------------------------------------
The creditors of Tradeworx Ultra Master, Ltd. are required to
file their proofs of debt by Sept. 29, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 16, 2011.

The company's liquidator is:

         DMS Corporate Services Ltd.
         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


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

AIR JAMAICA: Resumes Flights From Kingston to Orlando
-----------------------------------------------------
RJR News reports that Air Jamaica Limited has resumed its flights
from Kingston to Orlando starting September 15 as part of an
expansion plans under the guidance of the Trinidad and Tobago-
based Caribbean Airlines Limited.

Air Jamaica dropped the Orlando route last year March, as part of
rationalization ahead of divesting profitable routes to Caribbean
Airlines, according to RJR News.  The airline discontinued trips
to Orlando saying the route was unsustainable with the volume of
losses that were being realized.

                         About Air Jamaica

Headquartered in Kingston, Jamaica, Air Jamaica Limited --
http://www.airjamaica.com/-- was founded in 1969.  It flies
passengers and cargo to almost 30 destinations in the Caribbean,
Europe, and North America.

                         *     *     *

As reported in the Troubled Company Reporter-Latin America on
June 23, 2010, Trinidad and Tobago Caribbean Airline on May 1,
2010, acquired Air Jamaica for US$50 million and operated six Air
Jamaica aircraft and eight of its routes.  Jamaica got a 16%
stake in the merged operation, with CAL owning 84%.  According to
a
TCR-LA report on June 29, 2009, RadioJamaica News said the
Jamaican government indicated it will name a buyer for cash-
strapped Air Jamaica.  RadioJamaica related the airline has been
hemorrhaging over US$150 million per annum and the government has
had to foot the massive bill.  In addition, RadioJamaica said,
Air Jamaica currently has over US$600 million in loans
outstanding.

As of Aug. 18, 2010, the airline continues to carry Moody's "B3"
long-term corporate family, and senior unsecured debt ratings.


ALPART: Norsk Hydro Sells 3.5% Stake in Firm for US$46 Million
--------------------------------------------------------------
RJR News reports that Jamaica Energy and Mining Minister Clive
Mullings said Norwegian company Norsk Hydro, one of the minority
share holders in Alumina Partners of Jamaica (ALPART), has sold
its 35% stake in the company for US$46 million to Russian
company, U.C. Rusal.

Mr. Mullings said Norsk Hydro sold its shares in ALPART due to it
plans to reposition itself in Brazil, according to RJR News.

RJR News notes that UC Rusal will now own all the shares in
Alpart when the transaction is completed in October.

Alumina Partners of Jamaica, also known as Alpart, is a company
that owns and operates a bauxite refinery in Nain, Jamaica.
Alpart was founded in 1969 as a joint venture by Kaiser Aluminum,
Reynolds Aluminum, and Anaconda.  Alpart exports 1.65 million
tons of alumina overseas per year, and earned gross revenues of
US$1.3 billion in 2007.  As of 2008, Alpart is 65% owned by Rusal
and 35% owned by Norsk Hydro.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
May 19, 2009, RadioJamaica said Alpart's mining and refinery
operations officially came to a halt on May 15.  The report
related Alpart said it will send home 900 permanent employees in
the process amid a 60% decline in alumina product prices since
July 2008.  Mr. Fabrini, as cited by RadioJamaica, said the
temporary shutdown will allow the plant to prepare for future
developments.

Although the company took steps to maintain the operations even
at reduced capacity, circumstances still left the company with no
other choice but to shutdown, Mr. Fabrini added.  Mr. Fabrini,
RadioJamaica noted, said the company will continue to meet its
obligations to employees and the surrounding communities in a
timely manner.


===========
M E X I C O
===========


* DURANGO MUNICIPALITY: Moody's Cuts Issuer Ratings to 'Ba3'
------------------------------------------------------------
Moody's de Mexico downgraded the Municipality of Durango's issuer
ratings to Ba3 (Global Scale, local currency) and A3.mx (Mexico
National Scale) from Ba2 and A2.mx, respectively.  At the same
time, Moody's revised the outlook to negative from stable.

Ratings Rationale

"The downgrade of the Municipality of Durango's issuer rating
reflects the continuous deterioration of gross operating balances
and the recording of cash financing requirements", according to
Moody's analyst Maria de Carmen Martinez Richa.  It also reflects
the municipality borrowing plans that will drive debt to
operating revenues to levels above the median of Ba rated Mexican
Municipalities.

Durango's gross operating balances dropped to -7.0% of operating
revenues in 2010 from a high 14.7% in 2006.  This performance
reflects a sustained increase in operating expenditures (CAGR of
16.5% between 2006 and 2010).  This outpaced the positive revenue
trend (CAGR of 10.1%) that was primarily driven by strong own-
source revenue growth (CAGR 14.6%).  Durango has faced operating
expenditure pressures as a result of the hiring of policemen and
higher expenditures linked to the recent change in municipal
administration.

The deterioration of gross operating balances in conjunction with
higher capital expenditures led to the recording of cash
financing requirements in each of the last four years.  Between
2007 and 2010, the cash financing deficits averaged -6.2% of
total revenues, after having generated a cash financing surplus
of 5% of total revenues in 2006.  As a result of the financial
deterioration, net direct and indirect debt increased to 34.9% of
operating revenues in 2010 from 16.9% in 2006.  Based on
Durango's planned borrowing, Moody's expects this ratio to
increase further to around 40% in 2011.

The revision of the ratings outlook to negative acknowledges the
challenges to redress financial performance and to limit debt
levels. Given the negative outlook, a rating upgrade is unlikely
over the medium-term.  However, the outlook could be stabilized
if gross operating margins strengthen, cash financing
requirements remain moderate and annual borrowing needs are
limited.  On the contrary, if gross operating margins, as well as
cash financing deficits keep widening, and in turn lead to higher
debt levels, Durango's ratings will suffer from downward
pressure.


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


PONCE DE LEON: Case Summary & 15 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Ponce De Leon 1403, Inc.
        1550 Ave. Ponce De Leon
        San Juan, PR 00909

Bankruptcy Case No.: 11-07920

Chapter 11 Petition Date: September 19, 2011

Court: U.S. Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Carmen D. Conde Torres, Esq.
                  C. CONDE & ASSOCIATES
                  254 San Jose Street, 5th Floor
                  SAN JUAN, PR 00901-1523
                  Tel: (787) 729-2900
                  Fax: (787) 729-2203
                  E-mail: notices@condelaw.com

Estimated Assets: US$10,000,001 to US$50,000,000

Estimated Debts: US$10,000,001 to US$50,000,000

The petition was signed by Ruben A. Jordan, president.

Debtor's List of 15 Largest Unsecured Creditors:

    Entity                     Nature of Claim    Claim Amt.
    ------                     ---------------    ------------
QB Construction Inc.                 --          US$3,270,383
P.O. Box 3620066
San Juan, PR 00936-2066

Municipality of San Juan             --               $44,355
Deprtamento de Finanzas
P.O. Box 70179
San Juan, PR 00936-8179

AAA                                  --               $10,524
P.O. Box 70101
San Juan, PR 00936-8101

Carlos Garcia Rullan, Esq.           --               $10,000

Paradigm Associates                  --                $6,939

Beauchamp Property Management        --                $3,560

Deya Elevators Services              --                $2,990

RSM ROC & Company                    --                $2,700

Universal Equipment Sales & Service  --                  $867

Ramon Rodriguez Quinonez             --                  $859

MAC Mechanical                       --                  $692

Luis Maymi (Aquazul)                 --                  $630

Con Waste                            --                  $519

Odalys De Los Santos                 --                  $400

Fernando L. Diaz                     --                  $200


===============================
T R I N I D A D  &  T O B A G O
===============================


CL FINANCIAL: Government Passes CLICO Bill
------------------------------------------
Trinidad Express reports that the Trinidad and Tobago government
has passed the Purchase of Certain Rights and Validation Bill
2011, which relates to the government's final actions with
respect to Colonial Life Insurance Company (Trinidad) Limited
(CLICO).  CLICO is a subsidiary of CL Financial Limited.

Both bills, according to the report, were passed with 29 votes
from government and nine votes against from the Opposition.

The Opposition insisted that the Central Bank (Amendment) Act
that also relates to CLICO was to be debated separately, Trinidad
Express relates.

Trinidad Express discloses that opposition MP Colm Imbert who
contributed to both debates warned government that lawsuits will
be coming its way.

As reported in the Troubled Company Reporter-Latin America on
Sept. 19, 2011, Guardian Media related that Trinidad and Tobago
Finance Minister Winston Dookeran said the government was seeking
to put back certain legal provisions to ensure CLICO could be
restructured without the threat of legal challenges.  Minister
Dookeran, Guardian Media related, said the plan provided for the
issuance of bonds to be used to retire the remaining indebtedness
of policyholders.  The report relayed that Minister Dookeran said
the bonds to be issued possess several features to facilitate
their easy administration and minimize the hardships already
experienced by investors.  Guardian Media disclosed that the bill
provides for the minister to make payment in any form, provides
for the bonds to bear the same issue date, despite the date of
acceptance by holders, and mutual fund investors.

The plan also provides for:

   * The bonds to issued in denominations of TT$1,000 to
     facilitate the eventual trading of the bonds on the
     secondary market;

   * Bonds shall not be listed on the stock exchange for a period
     of six months from the date of issue in an effort to make
     them more attractive for the holders and mutual funds
     investors to sell their bonds over the counter thereby
     maximizing their potential recovery; and

   * The bonds shall be deemed securities in respect of which
     registration with the Securities and Exchange Commission is
     not required so as to circumvent any administrative delays
     associated with having the bonds registered at securities.

The bill will ease the hardships faced by approximately 16,000
persons who hold deposits and mutual funds with Clico and British
American (Trinidad) Insurance Company to the value of more than
TT$75,000, Guardian Media said.  Minister Dookeran said the bill
provided for government to buy the relevant rights, by making
payments in any form, including through the issue of bonds, on
assumption that 100% of the investors would offer the
Government's offer of payments, Guardian Media noted.

                        About CL Financial

CL Financial Group Limited is a privately held conglomerate in
Trinidad and Tobago.  Founded as an insurance company by Cyril
Duprey, Colonial Life Insurance Company was expanded into a
diversified company by his nephew, Lawrence Duprey.  CL Financial
is now one of the largest local conglomerates in the region,
encompassing over 65 companies in 32 countries worldwide with
total assets standing at roughly US$100 billion.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 10, 2009, A.M. Best Co. downgraded the financial strength
rating to C (Weak) from B (Fair) and issuer credit rating to
"ccc" from "bb" of Colonial Life Insurance Company (Trinidad)
Limited (CLICO) (Trinidad & Tobago).  The ratings remain under
review with negative implications.  CLICO is an insurance member
company of CL Financial Limited (CL Financial), a diversified
holding company based in Trinidad & Tobago.

According to a TCR-LA report on Feb. 20, 2009, citing Trinidad
and Tobago Express, Tobago President George Maxwell Richards
signed bailout bills for CL Financial, giving the government the
authority to control the company's unit, Colonial Life Insurance
Company, and giving the central bank extensive powers to treat
with CL Financial's collapse and the consequent systemic crisis.


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

IMPSAT FIBER-USD     IMPTD AR          535007008        -17164978
IMPSAT FIBER-C/E     IMPTC AR          535007008        -17164978
IMPSAT FIBER NET     IMPTQ US          535007008        -17164978
IMPSAT FIBER NET     XIMPT SM          535007008        -17164978
IMPSAT FIBER-BLK     IMPTB AR          535007008        -17164978
IMPSAT FIBER NET     330902Q GR        535007008        -17164978
IMPSAT FIBER-CED     IMPT AR           535007008        -17164978
SOC COMERCIAL PL     CADN SW           177502185       -343324573
SOC COMERCIAL PL     CAD IX            177502185       -343324573
SOC COMERCIAL PL     CADN EU           177502185       -343324573
SOC COMERCIAL PL     SCDPF US          177502185       -343324573
SOC COMERCIAL PL     CVVIF US          177502185       -343324573
SOC COMERCIAL PL     CADN EO           177502185       -343324573
SOC COMERCIAL PL     COME AR           177502185       -343324573
COMERCIAL PL-ADR     SCPDS LI          177502185       -343324573
SOC COMERCIAL PL     COMEC AR          177502185       -343324573
COMERCIAL PLA-BL     COMEB AR          177502185       -343324573
SOC COMERCIAL PL     COMED AR          177502185       -343324573
SOCOTHERM-SP ADR     SOCOY US          101075648         -3157975
SOCOTHERM SA-B       STHE AR           101075648         -3157975
SOCOTHERM-5 VT-A     STHE5 AR          101075648         -3157975
SNIAFA SA-B          SNIA5 AR           11229696         -2670544
SNIAFA SA            SNIA AR            11229696         -2670544
SNIAFA SA-B          SDAGF US           11229696         -2670544

BELIZE

VARIG SA-PREF        VARGPN BZ         966298025      -4695211316
VARIG SA             VARGON BZ         966298025      -4695211316
VARIG SA-PREF        VAGV4 BZ          966298025      -4695211316
VARIG SA             VAGV3 BZ          966298025      -4695211316
AGRENCO LTD-BDR      AGEN11 BZ         637647275       -312199404
AGRENCO LTD          AGRE LX           637647275       -312199404
BOMBRIL              BMBBF US          451055441        -71738547
BOMBRIL-RGTS PRE     BOBR2 BZ          451055441        -71738547
BOMBRIL CIRIO-PF     BOBRPN BZ         451055441        -71738547
BOMBRIL SA-ADR       BMBBY US          451055441         71738547
BOMBRIL              BOBR3 BZ          451055441        -71738547
BOMBRIL-RIGHTS       BOBR1 BZ          451055441        -71738547
BOMBRIL SA-ADR       BMBPY US          451055441        -71738547
BOMBRIL CIRIO SA     BOBRON BZ         451055441        -71738547
BOMBRIL-PREF         BOBR4 BZ          451055441        -71738547
CIA PETROLIFERA      MRLM3 BZ          377602195         -3014291
CIA PETROLIF-PRF     MRLM4B BZ         377602195         -3014291
CIA PETROLIFERA      1CPMON BZ         377602195         -3014291
CIA PETROLIF-PRF     1CPMPN BZ         377602195         -3014291
CIA PETROLIF-PRF     MRLM4 BZ          377602195         -3014291
CIA PETROLIFERA      MRLM3B BZ         377602195         -3014291
BATTISTELLA-RI P     BTTL2 BZ          355816098         -2564562
BATTISTELLA-RIGH     BTTL1 BZ          355816098         -2564562
BATTISTELLA-RECE     BTTL9 BZ          355816098         -2564562
BATTISTELLA-RECP     BTTL10 BZ         355816098         -2564562
BATTISTELLA          BTTL3 BZ          355816098         -2564562
BATTISTELLA-PREF     BTTL4 BZ          355816098         -2564562
DOCAS SA             DOCAON BZ         354715604       -119368960
DOCA INVESTI-PFD     DOCA4 BZ          354715604       -119368960
DOCAS SA-PREF        DOCAPN BZ         354715604       -119368960
DOCA INVESTIMENT     DOCA3 BZ          354715604       -119368960
DOCAS SA-RTS PRF     DOCA2 BZ          354715604       -119368960
TELEBRAS-PF BLCK     TELB40 BZ         280204646        -21109882
TELEBRAS-RTS PRF     RCTB2 BZ          280204646        -21109882
TELEBRAS-COM RT      TELB1 BZ          280204646        -21109882
TELEBRAS-CED C/E     TEL4C AR          280204646        -21109882
TELEBRAS-ADR         TBASY US          280204646        -21109882
TELEBRAS-CM RCPT     TBRTF US          280204646        -21109882
TELEBRAS-CEDE PF     RCT4D AR          280204646        -21109882
TELEBRAS-CEDE PF     RCTB4 AR          280204646        -21109882
TELEBRAS-PF RCPT     RCTB41 BZ         280204646        -21109882
TELEBRAS-RTS CMN     RCTB1 BZ          280204646        -21109882
TELEBRAS-RECEIPT     TLBRUO BZ         280204646        -21109882
TELEBRAS-CM RCPT     TELE31 BZ         280204646        -21109882
TELEBRAS SA-PREF     TLBRPN BZ         280204646        -21109882
TELEBRAS SA          TBASF US          280204646        -21109882
TELEBRAS-PF RCPT     RCTB40 BZ         280204646        -21109882
TELEBRAS-CM RCPT     RCTB31 BZ         280204646        -21109882
TELEBRAS-RCT         RCTB33 BZ         280204646        -21109882
TELEBRAS-RCT PRF     TELB10 BZ         280204646        -21109882
TELEBRAS-RTS PRF     TLCP2 BZ          280204646        -21109882
TELEBRAS-BLOCK       TELB30 BZ         280204646        -21109882
TELEBRAS-ADR         TBRAY GR          280204646        -21109882
TELEBRAS-PF RCPT     CBRZF US          280204646        -21109882
TELEBRAS-RTS CMN     TCLP1 BZ          280204646        -21109882
TELECOMUNICA-ADR     81370Z BZ         280204646        -21109882
TELEBRAS-ADR         TBH US            280204646        -21109882
TELEBRAS-CEDEA $     TEL4D AR          280204646        -21109882
TELEBRAS-CEDE PF     RCT4C AR          280204646        -21109882
TELEBRAS-PF RCPT     TBAPF US          280204646        -21109882
TELEBRAS-ADR         TBAPY US          280204646        -21109882
TELEBRAS SA-RT       TELB9 BZ          280204646        -21109882
TELEBRAS SA-PREF     TELB4 BZ          280204646        -21109882
TELEBRAS/W-I-ADR     TBH-W US          280204646        -21109882
TELEBRAS-PF RCPT     TELE41 BZ         280204646        -21109882
TELEBRAS-CEDE PF     TELB4 AR          280204646        -21109882
TELEBRAS SA          TELB3 BZ          280204646        -21109882
TELEBRAS-PF RCPT     RCTB42 BZ         280204646        -21109882
TELEBRAS-ADR         RTB US            280204646        -21109882
TELEBRAS-CM RCPT     RCTB32 BZ         280204646        -21109882
TELEBRAS-ADR         TBX GR            280204646        -21109882
TELEBRAS SA          TLBRON BZ         280204646        -21109882
TELEBRAS-CM RCPT     RCTB30 BZ         280204646        -21109882
TELEBRAS-CEDE BL     RCT4B AR          280204646        -21109882
TELEBRAS-PF RCPT     TLBRUP BZ         280204646        -21109882
HOTEIS OTHON SA      HOOT3 BZ          255036149       -426067695
HOTEIS OTHON-PRF     HOOT4 BZ          255036149       -426067695
HOTEIS OTHON-PRF     HOTHPN BZ         255036149       -426067695
HOTEIS OTHON SA      HOTHON BZ         255036149       -426067695
TEKA                 TKTQF US          246866965       -392777063
TEKA-ADR             TKTPY US          246866965       -392777063
TEKA-PREF            TEKAPN BZ         246866965       -392777063
TEKA-ADR             TKTQY US          246866965        392777063
TEKA                 TEKAON BZ         246866965       -392777063
TEKA                 TEKA3 BZ          246866965       -392777063
TEKA-ADR             TEKAY US          246866965       -392777063
TEKA-PREF            TEKA4 BZ          246866965       -392777063
TEKA-PREF            TKTPF US          246866965       -392777063
PETRO MANGUIN-PF     MANGPN BZ         231024467       -184606117
PET MANG-RECEIPT     RPMG9 BZ          231024467       -184606117
PETRO MANGUINHOS     MANGON BZ         231024467       -184606117
PET MANG-RIGHTS      3678565Q BZ       231024467       -184606117
PET MANG-RT          RPMG1 BZ          231024467       -184606117
PET MANGUINH-PRF     RPMG4 BZ          231024467       -184606117
PET MANG-RIGHTS      3678569Q BZ       231024467       -184606117
PETRO MANGUINHOS     RPMG3 BZ          231024467       -184606117
PET MANG-RT          4115360Q BZ       231024467       -184606117
PET MANG-RT          4115364Q BZ       231024467       -184606117
PET MANG-RECEIPT     RPMG10 BZ         231024467       -184606117
PET MANG-RT          RPMG2 BZ          231024467       -184606117
SANSUY               SNSY3 BZ          200809364       -115213256
SANSUY-PREF A        SNSY5 BZ          200809364       -115213256
SANSUY SA-PREF B     SNSYBN BZ         200809364       -115213256
SANSUY SA-PREF A     SNSYAN BZ         200809364       -115213256
SANSUY-PREF B        SNSY6 BZ          200809364       -115213256
SANSUY SA            SNSYON BZ         200809364       -115213256
D H B-PREF           DHBI4 BZ          185992309       -151323933
D H B                DHBI3 BZ          185992309       -151323933
DHB IND E COM-PR     DHBPN BZ          185992309       -151323933
DHB IND E COM        DHBON BZ          185992309       -151323933
BALADARE             BLDR3 BZ          159454015       -529922121
FABRICA RENAUX-P     FRNXPN BZ         109683743       -488361468
FABRICA TECID-RT     FTRX1 BZ          109683743       -488361468
FABRICA RENAUX-P     FTRX4 BZ          109683743       -488361468
FABRICA RENAUX       FTRX3 BZ          109683743       -488361468
FABRICA RENAUX       FRNXON BZ         109683743       -488361468
WETZEL SA            MWET3 BZ          100017711       -535934519
WETZEL SA            MWELON BZ         100017711       -535934519
WETZEL SA-PREF       MWELPN BZ         100017711       -535934519
WETZEL SA-PREF       MWET4 BZ          100017711       -535934519
DOC IMBITUBA-RT      IMBI1 BZ          96977064        -425926022
DOC IMBITUBA-RTP     8174507Q BZ       96977064        -425926022
DOC IMBITUBA         IMBI3 BZ          96977064        -425926022
DOC IMBITUBA-RT      8218594Q BZ       96977064        -425926022
DOC IMBITUB-PREF     IMBI4 BZ          96977064        -425926022
DOCAS IMBITUB-PR     IMBIPN BZ         96977064        -425926022
DOC IMBITUBA-RTC     8174503Q BZ       96977064        -425926022
DOCAS IMBITUBA       IMBION BZ         96977064        -425926022
DOC IMBITUBA-RT      9866923Q BZ       96977064        -425926022
ESTRELA SA-PREF      ESTRPN BZ         89585906        -807614863
ESTRELA SA-PREF      ESTR4 BZ          89585906        -807614863
ESTRELA SA           ESTRON BZ         89585906        -807614863
ESTRELA SA           ESTR3 BZ          89585906        -807614863
ACO ALTONA-PREF      EALT4 BZ          89152030        -984858771
ACO ALTONA           EALT3 BZ          89152030        -984858771
ACO ALTONA SA        EAAON BZ          89152030        -984858771
ACO ALTONA-PREF      EAAPN BZ          89152030        -984858771
VARIG PART EM SE     VPSC3 BZ          830178286       -495721699
VARIG PART EM-PR     VPSC4 BZ          830178286       -495721699
TEXTEIS RENA-RCT     TXRX9 BZ          730958339       -103943205
TEXTEIS RENAU-RT     TXRX2 BZ          730958339       -103943205
TEXTEIS RENAUX       RENXON BZ         730958339       -103943205
TEXTEIS RENA-RCT     TXRX10 BZ         730958339       -103943205
RENAUXVIEW SA-PF     TXRX4 BZ          730958339       -103943205
TEXTEIS RENAU-RT     TXRX1 BZ          730958339       -103943205
RENAUXVIEW SA        TXRX3 BZ          730958339       -103943205
TEXTEIS RENAUX       RENXPN BZ         730958339       -103943205
SCHLOSSER SA-PRF     SCHPN BZ          730367499       -343578329
SCHLOSSER            SCLO3 BZ          730367499       -343578329
SCHLOSSER-PREF       SCLO4 BZ          730367499       -343578329
SCHLOSSER SA         SCHON BZ          730367499       -343578329
MINUPAR-RCT          9314634Q BZ       631445339       -606558236
MINUPAR SA           MNPRON BZ         631445339       -606558236
MINUPAR-RT           MNPR1 BZ          631445339       -606558236
MINUPAR-RCT          MNPR9 BZ          631445339       -606558236
MINUPAR              MNPR3 BZ          631445339       -606558236
MINUPAR-PREF         MNPR4 BZ          631445339       -606558236
MINUPAR-RT           9314542Q BZ       631445339       -606558236
MINUPAR SA-PREF      MNPRPN BZ         631445339       -606558236
GRADIENTE EL-PRC     IGBCN BZ          610889775       -282692297
GRADIENTE ELETR      IGBON BZ          610889775       -282692297
GRADIENTE EL-PRB     IGBBN BZ          610889775       -282692297
GRADIENTE-PREF C     IGBR7 BZ          610889775       -282692297
GRADIENTE-PREF A     IGBR5 BZ          610889775       -282692297
GRADIENTE-PREF B     IGBR6 BZ          610889775       -282692297
IGB ELETRONICA       IGBR3 BZ          610889775       -282692297
GRADIENTE EL-PRA     IGBAN BZ          610889775       -282692297
VARIG PART EM-PR     VPTA4 BZ          494321248       -399290396
VARIG PART EM TR     VPTA3 BZ          494321248       -399290396
CIMOB PART-PREF      GAFP4 BZ          44047411        -456699639
CIMOB PART-PREF      GAFPN BZ          44047411        -456699639
CIMOB PARTIC SA      GAFP3 BZ          44047411        -456699639
CIMOB PARTIC SA      GAFON BZ          44047411        -456699639
WIEST                WISA3 BZ          341082013       -126997429
WIEST SA-PREF        WISAPN BZ         341082013       -126997429
WIEST SA             WISAON BZ         341082013       -126997429
WIEST-PREF           WISA4 BZ          341082013       -126997429
RECRUSUL - RCT       RCSL10 BZ         31427766        -303076056
RECRUSUL - RCT       RCSL9 BZ          31427766        -303076056
RECRUSUL             RCSL3 BZ          31427766        -303076056
RECRUSUL SA          RESLON BZ         31427766        -303076056
RECRUSUL - RT        RCSL2 BZ          31427766        -303076056
RECRUSUL SA-PREF     RESLPN BZ         31427766        -303076056
RECRUSUL-PREF        RCSL4 BZ          31427766        -303076056
RECRUSUL - RCT       4529793Q BZ       31427766        -303076056
RECRUSUL-BON RT      RCSL12 BZ         31427766        -303076056
RECRUSUL-BON RT      RCSL11 BZ         31427766        -303076056
RECRUSUL - RT        4529785Q BZ       31427766        -303076056
RECRUSUL - RT        4529781Q BZ       31427766        -303076056
RECRUSUL - RCT       4529789Q BZ       31427766        -303076056
RECRUSUL - RT        RCSL1 BZ          31427766        -303076056
SANESALTO            SNST3 BZ          310440535       -184329732
STAROUP SA-PREF      STARPN BZ          276636045        -7174512
STAROUP SA           STARON BZ          276636045        -7174512
BOTUCATU TEXTIL      STRP3 BZ           276636045        -7174512
BOTUCATU-PREF        STRP4 BZ           276636045        -7174512
CONST BETER SA       COBE3 BZ           254694742      -491865999
CONST BETER SA       COBEON BZ          254694742      -491865999
CONST BETER-PF B     1COBBN BZ          254694742      -491865999
CONST BETER-PR B     COBEBN BZ          254694742      -491865999
CONST BETER-PF B     COBE6 BZ           254694742      -491865999
CONST BETER-PF A     1COBAN BZ          254694742      -491865999
CONST BETER-PR A     COBEAN BZ          254694742      -491865999
CONST BETER SA       1COBON BZ          254694742      -491865999
CONST BETER SA       COBE3B BZ          254694742      -491865999
CONST BETER-PR B     1009Q BZ           254694742      -491865999
CONST BETER-PR A     1008Q BZ           254694742      -491865999
CONST BETER-PF A     COBE5 BZ           254694742      -491865999
CONST BETER SA       1007Q BZ           254694742      -491865999
FERRAGENS HAGA-P     HAGAPN BZ          237328278      -658835559
FER HAGA-PREF        HAGA4 BZ           237328278      -658835559
HAGA                 HAGA3 BZ           237328278      -658835559
FERRAGENS HAGA       HAGAON BZ          237328278      -658835559
ALL ORE MINERACA     STLB3 BZ           23040051         -8699861
ALL ORE MINERACA     AORE3 BZ           23040051         -8699861
STEEL - RCT ORD      STLB9 BZ           23040051         -8699861
STEEL - RT           STLB1 BZ           23040051         -8699861
NOVA AMERICA-PRF     NOVAPN BZ          21287489       -183535527
NOVA AMERICA-PRF     1NOVPN BZ          21287489       -183535527
NOVA AMERICA SA      1NOVON BZ          21287489       -183535527
NOVA AMERICA SA      NOVA3 BZ           21287489       -183535527
NOVA AMERICA SA      NOVA3B BZ          21287489       -183535527
NOVA AMERICA-PRF     NOVA4 BZ           21287489       -183535527
NOVA AMERICA SA      NOVAON BZ          21287489       -183535527
NOVA AMERICA-PRF     NOVA4B BZ          21287489       -183535527
CAFE BRASILIA SA     CSBRON BZ          210973691      -903951460
CAF BRASILIA         CAFE3 BZ           210973691      -903951460
CAF BRASILIA-PRF     CAFE4 BZ           210973691      -903951460
CAFE BRASILIA-PR     CSBRPN BZ          210973691      -903951460
TECEL S JOSE         SJOS3 BZ           190673232       -52580501
TECEL S JOSE-PRF     SJOS4 BZ           190673232       -52580501
TECEL S JOSE         FTSJON BZ          190673232       -52580501
TECEL S JOSE-PRF     FTSJPN BZ          190673232       -52580501
NORDON METAL         NORDON BZ          153545974      -268596368
NORDON MET           NORD3 BZ           153545974      -268596368
NORDON MET-RTS       NORD1 BZ           153545974      -268596368
LATTENO FOOD COR     LATF US            14423532         -3506007
B&D FOOD CORP        BDFCE US           14423532         -3506007
B&D FOOD CORP        BDFC US            14423532         -3506007
REII INC             REIC US            14423532         -3506007
CHIARELLI SA         CCHI3 BZ           14300741       -467294324
CHIARELLI SA-PRF     CCHI4 BZ           14300741       -467294324
CHIARELLI SA         CCHON BZ           14300741       -467294324
CHIARELLI SA-PRF     CCHPN BZ           14300741       -467294324
HERCULES SA          HERTON BZ          126891179      -170680899
HERCULES             HETA3 BZ           126891179      -170680899
HERCULES-PREF        HETA4 BZ           126891179      -170680899
HERCULES SA-PREF     HERTPN BZ          126891179      -170680899
GAZOLA               GAZO3 BZ           124521441       -40298531
GAZOLA SA-DVD PF     GAZO12 BZ          124521441       -40298531
GAZOLA-RCPT PREF     GAZO10 BZ          124521441       -40298531
GAZOLA SA-DVD CM     GAZO11 BZ          124521441       -40298531
GAZOLA-PREF          GAZO4 BZ           124521441       -40298531
GAZOLA SA            GAZON BZ           124521441       -40298531
GAZOLA-RCPTS CMN     GAZO9 BZ           124521441       -40298531
GAZOLA SA-PREF       GAZPN BZ           124521441       -40298531
ARTHUR LANG-RC C     ARLA9 BZ           116422552      -171544616
ARTHUR LAN-DVD P     ARLA12 BZ          116422552      -171544616
ARTHUR LANG-RC P     ARLA10 BZ          116422552      -171544616
ARTHUR LANGE         ARLA3 BZ           116422552      -171544616
ARTHUR LANGE SA      ALICON BZ          116422552      -171544616
ARTHUR LANGE-PRF     ALICPN BZ          116422552      -171544616
ARTHUR LANG-RT C     ARLA1 BZ           116422552      -171544616
ARTHUR LANG-RT P     ARLA2 BZ           116422552      -171544616
ARTHUR LANGE-PRF     ARLA4 BZ           116422552      -171544616
ARTHUR LAN-DVD C     ARLA11 BZ          116422552      -171544616
F GUIMARAES-PREF     FGUI4 BZ           110165424      -151840377
F GUIMARAES          FGUI3 BZ           110165424      -151840377
FERREIRA GUIMARA     FGUION BZ          110165424      -151840377
FERREIRA GUIM-PR     FGUIPN BZ          110165424      -151840377


CHILE

EMPRESA DE LOS F     2940894Z CI       1933599104       -50416404
CHILESAT CORP SA     TELEX CI          1156945109      -122555289
TELEX-A              TELEXA CI         1156945109      -122555289
TELMEX CORP-ADR      CSAOY US          1156945109      -122555289
TELEX-RTS            TELEXO CI         1156945109      -122555289
CHILESAT CO-ADR      TL US             1156945109      -122555289
CLARO COM SA         CHILESAT CI       1156945109      -122555289
CHILESAT CO-RTS      CHISATOS CI       1156945109      -122555289

PUERTO RICO

TEXTIL SAN CRI-C     SNCRISC1 PE       59428057          -8824587
TEXTIL SAN CRI-C     SNCR/C PE         59428057          -8824587


                            ***********


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, 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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