/raid1/www/Hosts/bankrupt/TCRLA

/raid1/www/Hosts/bankrupt/TCRLA_Public/130103.mbx T R O U B L E D C O M P A N Y R E P O R T E R L A T I N A M E R I C A Thursday, January 3, 2013, Vol. 14, No. 2 Headlines A R G E N T I N A CINCO BOLSILLOS: Creditors' Proofs of Debt Due Feb. 1 GRUPO BAUNESS: Creditors' Proofs of Debt Due Feb. 4 TRANSPORTE PARMA: Creditors' Proofs of Debt Due Feb. 3 C A Y M A N I S L A N D S ATC LEASING: Commences Liquidation Proceedings BLADE SECURITIES: Commences Liquidation Proceedings CHATHAM ASSET: Placed Under Voluntary Wind-Up CRESCENT PLANECONSULT: Placed Under Voluntary Wind-Up FCOI II INVESTMENTS: Commences Liquidation Proceedings H.T. CAYMAN: Commences Liquidation Proceedings NORMANDY HILL: Commences Liquidation Proceedings O'CONNOR CREDIT: Commences Liquidation Proceedings O'CONNOR GLOBAL: Commences Liquidation Proceedings PFO LIMITED: Placed Under Voluntary Wind-Up PLATINUM RIVER: Placed Under Voluntary Wind-Up PRG MANAGEMENT: Placed Under Voluntary Wind-Up RP FINANCE IV: Commences Liquidation Proceedings RP FINANCE VI: Commences Liquidation Proceedings UNIVERSITY COMMUNITY: Commences Liquidation Proceedings C O S T A R I C A * COSTA RICA: Gets $100MM Contingent Loan to Cope With Disasters M E X I C O AES ANDRES: S&P Affirms 'B' Issuer Credit Rating; Outlook Stable COLUMBUS INTERNATIONAL: S&P Affirms 'B' CCR on Continued Revenue EMPRESA GENERADORA HAINA: S&P Raises Issuer Credit Rating to 'B' EMPRESA GENERADORA ITABO: S&P Affirms 'B-' ICR on Better Finances T R I N I D A D & T O B A G O PETROTRIN: Signs $7 Billion Agreement X X X X X X X X * LATAM: Economies Performed Strongly in 2012, Face Challenges Upcoming Meetings, Conferences and Seminars - - - - - ================= A R G E N T I N A ================= CINCO BOLSILLOS: Creditors' Proofs of Debt Due Feb. 1 ----------------------------------------------------- Luis Aristides Traverso, the court-appointed trustee for Cinco Bolsillos SA's bankruptcy proceedings, will be verifying creditors' proofs of claim until Feb. 1, 2013. Mr. Traverso will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 22 in Buenos Aires, with the assistance of Clerk No. 44, will determine if the verified claims are admissible, taking into account the trustee's opinion, and the objections and challenges that will be raised by the company and its creditors. The Trustee can be reached at: Luis Aristides Traversa Reconquista 642 Argentina GRUPO BAUNESS: Creditors' Proofs of Debt Due Feb. 4 --------------------------------------------------- Jose Maria Fernandez Alonso, the court-appointed trustee for Grupo Bauness SRL's bankruptcy proceedings, will be verifying creditors' proofs of claim until Feb. 4, 2013. Ms. Alonso will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 3 in Buenos Aires, with the assistance of Clerk No. 6, will determine if the verified claims are admissible, taking into account the trustee's opinion, and the objections and challenges that will be raised by the company and its creditors. The Trustee can be reached at: Jose Maria Fernandez Alonso Estados Unidos 2552 TRANSPORTE PARMA: Creditors' Proofs of Debt Due Feb. 3 ------------------------------------------------------ Fernando Ezequiel Aquilino, the court-appointed trustee for Transporte Parma Rojas SA's bankruptcy proceedings, will be verifying creditors' proofs of claim until Feb. 3, 2013. Mr. Aquilino will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 19 in Buenos Aires, with the assistance of Clerk No. 38, will determine if the verified claims are admissible, taking into account the trustee's opinion, and the objections and challenges that will be raised by the company and its creditors. The Trustee can be reached at: Fernando Ezequiel Aquilino Montevideo 571 Argentina ========================== C A Y M A N I S L A N D S ========================== ATC LEASING: Commences Liquidation Proceedings ---------------------------------------------- On Oct. 15, 2012, the members of ATC Leasing Limited resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 17, 2012, will be included in the company's dividend distribution. The company's liquidators are: Edel Andersen Roger Priaulx Telephone: (345) 945 3466 Facsimile: (345) 945 3470 c/o Genesis Trust & Corporate Services Ltd. P.O. Box 448 Midtown Plaza Elgin Avenue, George Town Grand Cayman KY1-1106 Cayman Islands BLADE SECURITIES: Commences Liquidation Proceedings --------------------------------------------------- On Oct. 25, 2012, the members of Blade Securities Limited resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 17, 2012, will be included in the company's dividend distribution. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands CHATHAM ASSET: Placed Under Voluntary Wind-Up --------------------------------------------- On Oct. 23, 2012, the shareholders of Chatham Asset Partners Special Situations Master Fund, Ltd. resolved to voluntarily wind up the company's operations. Only creditors who were able to file their proofs of debt by Dec. 3, 2012, will be included in the company's dividend distribution. The company's liquidator is: Ogier c/o Jennifer Parsons Telephone: (345) 815-1820 Facsimile: (345) 949-9877 89 Nexus Way, Camana Bay Grand Cayman KY1-9007 Cayman Islands CRESCENT PLANECONSULT: Placed Under Voluntary Wind-Up ----------------------------------------------------- On May 16, 2012, the shareholders of Crescent Planeconsult Group resolved to voluntarily wind up the company's operations. Only creditors who were able to file their proofs of debt by Dec. 5, 2012, will be included in the company's dividend distribution. The company's liquidator is: Linburgh Martin c/o Neil Gray Telephone: (345) 949 8455 Facsimile: (345) 949 8499 Intertrust (Cayman) Limited Harbour Place, Fourth Floor P.O. Box 1034 Grand Cayman KY1-1102 Cayman Islands FCOI II INVESTMENTS: Commences Liquidation Proceedings ------------------------------------------------------ On Oct. 25, 2012, the sole shareholder of FCOI II Investments Ltd. resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 5, 2012, will be included in the company's dividend distribution. The company's liquidator is: Intertrust Corporate Services (Cayman) Limited 87 Mary Street, George Town Grand Cayman KY1-9002 Cayman Islands c/o Jennifer Chailler Telephone: (345) 814 6847 H.T. CAYMAN: Commences Liquidation Proceedings ---------------------------------------------- On Oct. 19, 2012, the members of H.T. Cayman Ltd resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 17, 2012, will be included in the company's dividend distribution. The company's liquidators are: Edel Andersen Roger Priaulx Telephone: (345) 945 3466 Facsimile: (345) 945 3470 c/o Genesis Trust & Corporate Services Ltd. P.O. Box 448 Midtown Plaza Elgin Avenue, George Town Grand Cayman KY1-1106 Cayman Islands NORMANDY HILL: Commences Liquidation Proceedings ------------------------------------------------ On Oct. 24, 2012, the shareholder of Normandy Hill Offshore Fund Ltd. resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 5, 2012, will be included in the company's dividend distribution. The company's liquidator is: Intertrust Corporate Services (Cayman) Limited 87 Mary Street, George Town Grand Cayman KY1-9005 Cayman Islands c/o Jennifer Chailler Telephone: (345) 814 6847 O'CONNOR CREDIT: Commences Liquidation Proceedings -------------------------------------------------- On Oct. 22, 2012, the shareholder of O'Connor Credit Opportunity Master Limited resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 5, 2012, will be included in the company's dividend distribution. The company's liquidator is: Matthew Wright 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 O'CONNOR GLOBAL: Commences Liquidation Proceedings -------------------------------------------------- On Oct. 22, 2012, the shareholder of O'Connor Global Convertible Bond Limited resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 5, 2012, will be included in the company's dividend distribution. The company's liquidator is: Matthew Wright 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 PFO LIMITED: Placed Under Voluntary Wind-Up ------------------------------------------- At an extraordinary general meeting held on Oct. 22, 2012, the shareholders of PFO Limited resolved to voluntarily wind up the company's operations. Only creditors who were able to file their proofs of debt by Nov. 27, 2012, will be included in the company's dividend distribution. The company's liquidator is: Royhaven Secretaries Limited c/o Julie Reynolds Telephone: 945 4777 Facsimile: 945 4799 P.O. Box 707 Grand Cayman KY1-1107 Telephone: 945-4777 Facsimile: 945-4799 PLATINUM RIVER: Placed Under Voluntary Wind-Up ---------------------------------------------- On Sept. 30, 2012, the sole shareholder of Platinum River Growth Fund I resolved to voluntarily wind up the company's operations. Only creditors who were able to file their proofs of debt by Nov. 26, 2012, will be included in the company's dividend distribution. The company's liquidator is: Patrik Vonmoos Wiedingstrasse 98 8045 Zurich Switzerland Telephone: +41 43 333 0551 Facsimile: +41 44 450 1536 PRG MANAGEMENT: Placed Under Voluntary Wind-Up ---------------------------------------------- On Sept. 30, 2012, the sole shareholder of PRG Management Ltd. resolved to voluntarily wind up the company's operations. Only creditors who were able to file their proofs of debt by Nov. 26, 2012, will be included in the company's dividend distribution. The company's liquidator is: Patrik Vonmoos Wiedingstrasse 98 8045 Zurich Switzerland Telephone: +41 43 333 0551 Facsimile: +41 44 450 1536 RP FINANCE IV: Commences Liquidation Proceedings ------------------------------------------------ On Oct. 25, 2012, the members of RP Finance IV resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 17, 2012, will be included in the company's dividend distribution. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands RP FINANCE VI: Commences Liquidation Proceedings ------------------------------------------------ On Oct. 25, 2012, the members of RP Finance VI resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 17, 2012, will be included in the company's dividend distribution. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands UNIVERSITY COMMUNITY: Commences Liquidation Proceedings ------------------------------------------------------- On Oct. 24, 2012, the shareholder of University Community Health Insurance Company SPC, Ltd. resolved to voluntarily liquidate the company's business. Only creditors who were able to file their proofs of debt by Dec. 5, 2012, will be included in the company's dividend distribution. The company's liquidator is: Ian D. Stokoe c/o Aaron Gardner Telephone: (345) 914 8655 Facsimile: (345) 945 4237 PO Box 258 Grand Cayman KY1-1104 Cayman Islands =================== C O S T A R I C A =================== * COSTA RICA: Gets $100MM Contingent Loan to Cope With Disasters ---------------------------------------------------------------- The Inter-American Development Bank (IDB) has approved a $100 million contingent loan to help Costa Rica cushion the impact that severe or catastrophic natural disasters could have on its public finances. Due to its geographic location, the country is highly exposed to meteorological and geophysical threats such as earthquakes, floods, and hurricanes. "In the past 40 years alone, Costa Rica has experienced 53 natural disasters of various types and has suffered economic losses in excess of $1.10 billion that affected 1.7 million people," said project team leader Juan Jos� Durante. "In addition, it is the world's second most vulnerable country to multiple threats, with 37 percent of its total area vulnerable to three or more types of natural disasters," he added. The operation will provide Costa Rica with contingent financing to deal with extraordinary public expenditures brought about by a natural emergency. Typical expenditures include medical equipment; vaccines and medications; facilities and equipment for temporary shelters; food for affected populations; costs associated with emergency personnel needed to assist victims; short-term renting of equipment and facilities for power, transportation, communications, and storage; and temporary rehabilitation of infrastructure and measures needed to restore basic services immediately after the disaster. The loan, from the Bank's Contingent Credit Facility for Natural Disaster Emergencies, is for a 25-year term, with a 5-1/2-year grace period, and a variable interest rate based on LIBOR. =========== M E X I C O =========== AES ANDRES: S&P Affirms 'B' Issuer Credit Rating; Outlook Stable ---------------------------------------------------------------- Standard & Poor's Ratings Services affirmed its 'B' issuer credit rating on Dominican Republic-based electric power generator AES Andres Dominicana. The outlook remains stable. "The rating on power generator AES Andres Dominicana reflects the challenges of operating in the Dominican Republic's (B+/Stable/B) electric power industry, the country's weak regulatory framework, and an inefficient and highly subsidized distribution sector with uncertain long-term operational and financial sustainability. In particular, the cash flow generation of energy generating companies is exposed to the weak collection rates and payment delays from the distribution companies," S&P said. "The rating also considers the power sector's dependence on the sovereign's ability to keep subsidizing the sector and the economy, which may be affected in an economic stress scenario," S&P said. COLUMBUS INTERNATIONAL: S&P Affirms 'B' CCR on Continued Revenue ---------------------------------------------------------------- Standard & Poor's Ratings Services affirmed its 'B' corporate credit rating and debt rating on Barbados-based communications company Columbus International Inc. The outlook is stable. "We also affirmed our 'B' rating on the company's 11.5% senior secured notes," S&P said. "The 'B' rating on Columbus reflects its weak business risk and highly leveraged financial risk profiles, the competitive environment in the telecommunications industry in the regions where it operates, its exposure to foreign-exchange risk (partially mitigated by U.S. dollar-denominated rvenues), its exposure to regulatory and license renewal risk, the rapid pace of technological change in its capital-intensive industry, and its 2014 bond maturity. Positive factors include Columbus' technologically advanced subsea cable network throughout the Pan- Caribbean region, favorable growth prospects in its operating markets because of low penetration, geographic diversification in Latin America, and U.S. dollar-denominated revenues, which partially mitigate the foreign-exchange exposure. We assess the company's management as 'fair,'" S&P said. "Columbus is a diversified Caribbean communications company whose core operating business consists of providing cable television services, high speed internet access, digital phone and internet infrastructure services, and the sale and lease of the telecom capacity provided by an undersea fiber optic cable network. The company is managed under two operating businesses: Columbus Networks (that includes the Columbus Business Solutions segment) and Flow (Retail Broadband Services)," S&P said. "The stable outlook reflects our expectation of double-digit revenue growth in 2013 and beyond and gradual improvement of credit metrics," S&P said. "We would likely raise the ratings if the company meets our expectation for revenue growth by maintaining EBITDA margins of around 45%, an adequate cash position, and its ability to refinance its 2014 bond before the scheduled maturity date," said Standard & Poor's credit analyst Marcela Duenas. "Conversely we could take a negative rating action if capital expenditures, a major acquisition, or operating weakness erodes its cash position or if we do not see any evidence of a plan to refinance its 2014 maturity ahead of time." EMPRESA GENERADORA HAINA: S&P Raises Issuer Credit Rating to 'B' ---------------------------------------------------------------- Standard & Poor's Ratings Services raised its rating on Dominican Republic-based electric power generator Empresa Generadora de Electricidad Haina S.A. to 'B' from 'B-'. The outlook remains stable. "The rating action reflects improvement in the company's operating and financial risk profiles, because it has diversified its customer base and energy sources," said Standard & Poor's credit analyst Monica Ponce. "Our ratings on EGE Haina and its special-purpose financing entity, Haina Finance S.A., consider the challenges of operating in the Dominican Republic's (B+/Stable/B) electric power industry, its weak regulatory framework, and an inefficient and highly subsidized distribution sector with uncertain long-term operational and financial sustainability. In particular, the cash flows of energy generating companies are susceptible to weak collection rates and payment delays from the distribution companies. The rating also considers the power sector's dependence on the sovereign's ability to keep subsidizing the sector and the economy, which may be affected in an economic stress scenario," S&P said. "The ratings also incorporate our opinion that there is a low likelihood of timely and sufficient extraordinary support from the Dominican Republic to EGE Haina in the event of financial distress. In accordance with our criteria for government-related entities, we assess EGE Haina as having limited importance to the government's key economic and political objectives and a limited link to the government (given the latter's low level of involvement in the company's strategy and day-to-day operations and its lack of controlling rights). The Haina Investment Co. (HIC; not rated) owns 50% of the company, and the Dominican government owns the remaining 50%," S&P said. EMPRESA GENERADORA ITABO: S&P Affirms 'B-' ICR on Better Finances ----------------------------------------------------------------- Standard & Poor's Ratings Services affirmed its 'B-' issuer credit rating on Dominican Republic-based electric power generator Empresa Generadora de Electricidad Itabo S.A. The outlook remains stable. "Our ratings on Itabo reflect the challenges of operating in the Dominican Republic's (B+/Stable/B) electric power industry, the country's weak regulatory framework, and an inefficient and highly subsidized distribution sector with uncertain long-term operational and financial sustainability. In particular, weak collection rates and payment delays from the distribution companies expose cash flow generation for energy generating companies. The rating also considers the power sector's dependence on the sovereign's ability to keep subsidizing the sector and the economy, which may be affected in an economic stress scenario," S&P said. "The rating incorporates our opinion that there is a low likelihood of timely and sufficient extraordinary support from the Dominican Republic (B+/Stable/B) to Itabo in the event of financial distress. In accordance with our criteria for government-related entities (GREs), our view reflects our assessment of Itabo's limited importance to the government's key economic and political objectives and its minority ownership of the company with no effective control rights. The AES Corp.'s (BB- /Stable/--) subsidiaries own 50% of the company, the Dominican government owns 49.97%, and former state employees own 0.03%," S&P said. =============================== T R I N I D A D & T O B A G O =============================== PETROTRIN: Signs $7 Billion Agreement ------------------------------------- Carla Bridglal at Trinidad Express reports that Trinidad and Tobago Ministry of Energy has awarded Petroleum Company of Trinidad and Tobago two exploration and production licenses for Trinmar acreages Trinidad Northern Areas Block (TNA) and the North Marine Block. Both parties signed the license agreement at the Ministry's offices in Tower C, International Waterfront Centre, Wrightson Road, Port of Spain, according to Trinidad Express. The report relates that as part of the agreement, Petrotrin is expected to invest almost $7 billion in the two acreages between 2013 and 2017. Trinidad Express notes that the licenses, negotiations for which took several months, provide for new work programs, signature and commerciality bonuses, technical equipment, environmental and other bonuses and abandonment provisions. They provide for a term of six years to execute the exploration programs and the development of existing field areas, the report says. Trinidad Express relays that Energy Minister Kevin Ramnarine said it was a "historic" occasion, as the licenses were being renewed after almost 30 years. The report discloses that Mr. Ramnarine added that his first duty for the New Year 2013 will be to present a new Oil Spill Contingency Plan for Cabinet approval. The previous plan was developed in 1977, when there were only two companies, Amoco and Trinmar, out doing drilling, Mr. Ramnarine said, the report notes. Now, there are several companies operating and a heightened awareness since the catastrophic BP Gulf of Mexico oil spill in 2010, the report adds. Petroleum Company of Trinidad and Tobago is the major state-owned oil company in Trinidad and Tobago. The company was established in 1993 by the merger of Trintopec and Trintoc, two state-owned oil companies. Petrotrin's main holdings are extensive, mature onshore fields located across southern Trinidad. Large areas have been leased out to small private producers who are able to make a profit on wells that are unprofitable for Petrotrin, giving it higher labor costs. The company operates a refinery at Pointe-Pierre, just north of San Fernando in south Trinidad. Most crude petroleum produced in Trinidad is exported without being refined. The refinery depends on imported crude (mostly from Venezuela), which is either used domestically or exported. * * * As reported in the Troubled Company Reporter-Latin America on June 9, 2010, Trinidad Express related that four members of Petrotrin submitted their resignation letters. According to the report, Malcom Jones resigned as chairman of Petrotrin and from the State boards. The report related board members Lawford Dupres, who chaired the National Petroleum board, attorney Kerwin Garcia and Andrew McIntosh had also resigned. Prime Minister Kamla Persad-Bissessar, the report noted, said that Cabinet had ordered a forensic audit of Petrotrin as there were "grounds for suspicion of misconduct" at Petrotrin similar to what may have transpired at special-purpose State enterprise UDeCOTT. The report said that the company was experiencing serious financial difficulties resulting in high cost overruns of its refinery upgrade. The situation was exacerbated by a US$12 billion lawsuit by World GTL Inc. against Petrotrin, the report added. =============== X X X X X X X X =============== * LATAM: Economies Performed Strongly in 2012, Face Challenges -------------------------------------------------------------- The economies of Latin America and the Caribbean have performed strongly in the face of a challenging external environment, Inter- American Development Bank President Luis Alberto Moreno said, but the region needs to continue to pursue key reforms to ensure growth in the future. In year-end remarks to the IDB's Board of Executive Directors, Moreno summarized the region's challenges, the institution's performance over the past year and its priorities going forward. He noted that Latin America's unemployment rate is at a historic low and over the past decade 58 million citizens of the region have risen above the poverty line. One in three Latin Americans is now part of the middle class. "The main indicators paint a tranquil picture that is welcome and shows we are doing things right," he said. The region, boosted by high commodity prices, continued to grow its trade with the world. Trade with Asia has been especially noteworthy, growing at a 20 percent annual rate since 2000 to total an estimated $442 billion in 2012. However, many challenges remain. Sixty-six million Latin Americans earn too little money to meet their daily needs. And trade among Latin American and Caribbean countries is still too low, at 19 percent of overall trade, presenting a strong growth opportunity looking ahead. "We must focus our vision of the future on those areas that will enable us to maintain a diversified productive base, build our capacity for innovation, and successfully compete on a rapidly evolving planet," Moreno said. "Nothing produces greater returns than investments in building social capital." He urged countries to lower their country costs by investing in infrastructure. "We must also work to break down financial, bureaucratic, and information-related barriers," he said. "We should pave the way for private initiative to flourish, so that we can take advantage of better international positioning that is not only desirable, but inevitable." Moreno said the IDB continued on its path to build best practices into its operational and administrative management, bolstering transparency, accountability and financial mechanisms. He said it was now standard practice at the IDB to assess whether projects can measure their expected results using rigorous evaluation methods during their preparation phase. The IDB in 2012 In 2012, the IDB approved new financing mechanisms to help countries cope with natural disasters and safeguard the effects of economic crises. The IDB approved 170 operations in 2012 for a total of $11.5 billion. This included 44 projects for non-sovereign guarantees, which finance private sector projects, for $1.5 billion. Reflecting strong demand for IDB products and services, average approvals have nearly doubled over the past five years in relation to the previous five years. A full 44 percent of the approvals went to small and vulnerable countries, and nearly half went to infrastructure projects. The IDB also provided $871 million in grant financing --up 29 percent from 2011 -- with growing contributions by member countries to create a climate fund for the private sector and provide additional resources for the Mesoamerican Health Initiative, Clean Technology Fund, Multidonor Fund for Regional Integration Initiatives, and the Transparency Fund. Upcoming Meetings, Conferences and Seminars --------------------------------------------- Jan. 24-25, 2013 AMERICAN BANKRUPTCY INSTITUTE Rocky Mountain Bankruptcy Conference Four Seasons Hotel Denver, Denver, Colo. Contact: 1-703-739-0800; http://www.abiworld.org/ Feb. 7-9, 2013 AMERICAN BANKRUPTCY INSTITUTE Caribbean Involvency Symposium Eden Roc Renaissance, Miami Beach, Fla. Contact: 1-703-739-0800; http://www.abiworld.org/ Feb. 17-19, 2013 AMERICAN BANKRUPTCY INSTITUTE Advanced Consumer Bankruptcy Practice Institute Charles Evans Whittaker Courthouse, Kansas City, Mo. Contact: 1-703-739-0800; http://www.abiworld.org/ Feb. 20-22, 2013 AMERICAN BANKRUPTCY INSTITUTE VALCON Four Seasons Las Vegas, Las Vegas, Nev. Contact: 1-703-739-0800; http://www.abiworld.org/ Apr. 10-12, 2013 TURNAROUND MANAGEMENT ASSOCIATION TMA Spring Conference JW Marriott Chicago, Chicago, Ill. Contact: http://www.turnaround.org/ Apr. 18-21, 2013 AMERICAN BANKRUPTCY INSTITUTE Annual Spring Meeting Gaylord National Resort & Convention Center, National Harbor, Md. Contact: 1-703-739-0800; http://www.abiworld.org/ June 13-16, 2013 AMERICAN BANKRUPTCY INSTITUTE Central States Bankruptcy Workshop Grand Traverse Resort, Traverse City, Mich. Contact: 1-703-739-0800; http://www.abiworld.org/ July 11-13, 2013 AMERICAN BANKRUPTCY INSTITUTE Northeast Bankruptcy Conference Hyatt Regency Newport, Newport, R.I. Contact: 1-703-739-0800; http://www.abiworld.org/ July 18-21, 2013 AMERICAN BANKRUPTCY INSTITUTE Southeast Bankruptcy Workshop The Ritz-Carlton Amelia Island, Amelia Island, Fla. Contact: 1-703-739-0800; http://www.abiworld.org/ Aug. 8-10, 2013 AMERICAN BANKRUPTCY INSTITUTE Mid-Atlantic Bankruptcy Workshop Hotel Hershey, Hershey, Pa. Contact: 1-703-739-0800; http://www.abiworld.org/ Aug. 22-24, 2013 AMERICAN BANKRUPTCY INSTITUTE Southwest Bankruptcy Conference Hyatt Regency Lake Tahoe, Incline Village, Nev. Contact: 1-703-739-0800; http://www.abiworld.org/ Oct. 3-5, 2013 TURNAROUND MANAGEMENT ASSOCIATION TMA Annual Convention Marriott Wardman Park, Washington, D.C. Contact: http://www.turnaround.org/ Nov. 1, 2013 AMERICAN BANKRUPTCY INSTITUTE NCBJ/ABI Educational Program Atlanta Marriott Marquis, Atlanta, Ga. Contact: 1-703-739-0800; http://www.abiworld.org/ Dec. 2, 2013 BEARD GROUP, INC. 19th Annual Distressed Investing Conference The Helmsley Park Lane Hotel, New York, N.Y. Contact: 240-629-3300 or http://bankrupt.com/ Dec. 5-7, 2013 AMERICAN BANKRUPTCY INSTITUTE Winter Leadership Conference Terranea Resort, Rancho Palos Verdes, Calif. Contact: 1-703-739-0800; http://www.abiworld.org/ The Meetings, Conferences and Seminars column appears in the Troubled Company Reporter each Wednesday. Submissions via e-mail to conferences@bankrupt.com are encouraged. *********** 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., Washington, D.C., USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez, Valerie U. Pascual, Ivy B. Magdadaro, Frauline S. Abangan, and Peter A. Chapman, Editors. Copyright 2013. 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$775 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 Peter A. Chapman at 215-945-7000 or Nina Novak at 202-241-8200. * * * End of Transmission * * *