/raid1/www/Hosts/bankrupt/TCRLA_Public/130206.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
Wednesday, February 6, 2013, Vol. 14, No. 26
Headlines
A N T I G U A & B A R B U D A
* ANTIGUA & BARBUDA: Seeks Support to Resolve U.S. Dispute
B E R M U D A
AEROSPACE FINANCE FOUR: Creditors' Proofs of Debt Due Feb. 13
AEROSPACE FINANCE FOUR: Members' Final Meeting Set for March 6
AEROSPACE FINANCE ONE: Creditors' Proofs of Debt Due Feb. 13
AEROSPACE FINANCE ONE: Members' Final Meeting Set for March 6
AEROSPACE FINANCE THREE: Creditors' Proofs of Debt Due Feb. 13
AEROSPACE FINANCE THREE: Members' Final Meeting Set for March 6
AEROSPACE FINANCE TWO: Creditors' Proofs of Debt Due Feb. 13
AEROSPACE FINANCE TWO: Members' Final Meeting Set for March 6
CHORLEY COMPANY: Court Enters Order to Dissolve Company
ELDORADO DOMINICAN: Commences Liquidation Proceedings
GE CAPITAL: Creditors' Proofs of Debt Due Feb. 13
GE CAPITAL: Members' Final Meeting Set for March 5
GE CAPITAL FINANCIAL: Creditors' Proofs of Debt Due Feb. 13
GE CAPITAL FINANCIAL: Members' Final Meeting Set for March 5
LAKE PARK: Creditors' Proofs of Debt Due Feb. 13
LAKE PARK: Member to Receive Wind-Up Report on March 5
LONGWAY LTD: Creditors' Proofs of Debt Due Feb. 15
LONGWAY LTD: Sole Member to Receive Wind-Up Report on March 1
MONDRIAN INTERNATIONAL: Creditors' Proofs of Debt Due Feb. 13
MONDRIAN INTERNATIONAL: Members' Final Meeting Set for March 5
REBORN LTD: Creditors' Proofs of Debt Due Feb. 15
REBORN LTD: Sole Member to Receive Wind-Up Report on March 1
SHELBY COMPANY: Creditors' Proofs of Debt Due Feb. 13
SHELBY COMPANY: Members' Final Meeting Set for March 1
B R A Z I L
VRG LINHAS: S&P Rates Senior Unsecured Guaranteed Notes 'B-'
C A Y M A N I S L A N D S
AL DANA: Commences Liquidation Proceedings
AQR ABSOLUTE: Placed Under Voluntary Wind-Up
AQR ARF: Placed Under Voluntary Wind-Up
AQR GLOBAL: Placed Under Voluntary Wind-Up
AQR GLOBAL STOCK: Placed Under Voluntary Wind-Up
AQR OFFSHORE: Placed Under Voluntary Wind-Up
BAMBUCO INTERNATIONAL: Commences Liquidation Proceedings
CYPRESSTREE SYNTHETIC: Commences Liquidation Proceedings
ENSERVE LTD: Commences Liquidation Proceedings
JAYCE INVESTMENT: Commences Liquidation Proceedings
KAISEN CAPITAL: Commences Liquidation Proceedings
KAISEN FORTUNE: Commences Liquidation Proceedings
MARCO POLO: Commences Liquidation Proceedings
PREMIUM FINANCE: Commences Liquidation Proceedings
PREMIUM FINANCE II: Commences Liquidation Proceedings
SP GBGH: Commences Liquidation Proceedings
TOLLTECH HOLDING: Commences Liquidation Proceedings
WATERFALL TALF: Placed Under Voluntary Wind-Up
WATERFALL TALF INTERMEDIATE: Placed Under Voluntary Wind-Up
YET HOLDINGS: Placed Under Voluntary Wind-Up
T R I N I D A D & T O B A G O
* TRINIDAD & TOBAGO: Oil Production Down by 50% in the Past 7 Yrs
- - - - -
===============================
A N T I G U A & B A R B U D A
===============================
* ANTIGUA & BARBUDA: Seeks Support to Resolve U.S. Dispute
----------------------------------------------------------
Jamaica Gleaner reports that the Antigua and Barbuda government
said it is seeking support from opposition legislators as it seeks
to resolve its long standing gaming dispute with the United
States.
Finance and Economy Minister Harold Lovell said both sides in
Parliament had a stake in the matter as one side brought the
matter to the World Trade Organization (WTO) while the other took
it to successful conclusion, according to Jamaica Gleaner.
Jamaica Gleaner relates that it has been almost 10 years since the
government of Antigua and Barbuda, led by the former
administration, decided to bring a complaint at WTO against the
United States of America for its laws and policies prohibiting
Antiguan providers of remote gaming and betting services from
offering those services to consumers in the United States, Mr.
Lovell told legislators.
The report notes that earlier this week, the Baldwin Spencer
government said it had been granted authorization by the WTO to
suspend certain concessions and obligations it has under
international law to the United States in respect of intellectual
property rights.
In 2007, the report says that the WTO awarded Antigua and Barbuda
the right to target U.S. services, copyrights and trademarks in
retaliation for its online betting ban. But the WTO capped the
limit of annual trade sanctions at US$21 million, Jamaica Gleaner
discloses.
Jamaica Gleaner notes that the Spencer administration had sought
the right to impose US$3.4 billion in retaliatory measures, while
Washington offered a mere US$500,000.
In 2003, the report recalls that St. Johns initiated WTO dispute
proceedings against U.S. federal and state laws barring foreign
participation in U.S. Internet gambling markets. The WTO, in
rulings in 2004 and 2005, found that the U.S. had violated its
1994 General Agreement on Trade in Services (GATS) which the WTO
said allows Internet gambling, Jamaica Gleaner says.
Jamaica Gleaner relays that the WTO has upheld rulings striking
down the U.S. ban, but in 2006, Washington prevented U.S. banks
and credit card companies from processing payments to online
gambling businesses outside the country.
However, Mr. Lovell told Parliament that the government has always
welcomed the WTO ruling and that Washington would cease its
campaign of prosecution of Antiguan operators, money seizures and
blocking of financial transactions once it became incontestable
that the United States was clearly in the wrong, the report
relays.
"Our hopes and expectations on both counts have, unfortunately,
not been met, and not only has the United States failed and
refused to comply with the decisions of the tribunal in our case,
but they have also failed and refused to negotiate with our
Government on a fair and reasonable settlement of the dispute,"
Mr. Lovell said, the report adds.
=============
B E R M U D A
=============
AEROSPACE FINANCE FOUR: Creditors' Proofs of Debt Due Feb. 13
-------------------------------------------------------------
The creditors of Aerospace Finance Asia Leasing Four Limited are
required to file their proofs of debt by Feb. 13, 2013, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Jan. 29, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
AEROSPACE FINANCE FOUR: Members' Final Meeting Set for March 6
--------------------------------------------------------------
The members of Aerospace Finance Asia Leasing Four Limited will
hold their final general meeting on March 6, 2013, at 10:15 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 Jan. 29, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
AEROSPACE FINANCE ONE: Creditors' Proofs of Debt Due Feb. 13
------------------------------------------------------------
The creditors of Aerospace Finance Asia Leasing One Limited are
required to file their proofs of debt by Feb. 13, 2013, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Jan. 29, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
AEROSPACE FINANCE ONE: Members' Final Meeting Set for March 6
-------------------------------------------------------------
The members of Aerospace Finance Asia Leasing One Limited will
hold their final general meeting on March 6, 2013, at 10:00 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 Jan. 29, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
AEROSPACE FINANCE THREE: Creditors' Proofs of Debt Due Feb. 13
--------------------------------------------------------------
The creditors of Aerospace Finance Asia Leasing Three Limited are
required to file their proofs of debt by Feb. 13, 2013, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Jan. 29, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
AEROSPACE FINANCE THREE: Members' Final Meeting Set for March 6
---------------------------------------------------------------
The members of Aerospace Finance Asia Leasing Three Limited will
hold their final general meeting on March 6, 2013, at 10:15 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 Jan. 29, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
AEROSPACE FINANCE TWO: Creditors' Proofs of Debt Due Feb. 13
------------------------------------------------------------
The creditors of Aerospace Finance Asia Leasing Two Limited are
required to file their proofs of debt by Feb. 13, 2013, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Jan. 29, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
AEROSPACE FINANCE TWO: Members' Final Meeting Set for March 6
-------------------------------------------------------------
The members of Aerospace Finance Asia Leasing Two Limited will
hold their final general meeting on March 6, 2013, at 10:00 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 Jan. 29, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
CHORLEY COMPANY: Court Enters Order to Dissolve Company
-------------------------------------------------------
On Jan. 24, 2013, the Supreme Court of Bermuda entered an order to
dissolve Chorley Company Limited and release Mark W.R. Smith as
the company's liquidator.
ELDORADO DOMINICAN: Commences Liquidation Proceedings
-----------------------------------------------------
Eldorado Dominican Republic (B.V.I.) Ltd. commenced liquidation
proceedings on Jan. 9, 2013.
The company's liquidator is:
Jennifer M. Kelly
14 Par la Ville Road, Hamilton HM08
Bermuda
GE CAPITAL: Creditors' Proofs of Debt Due Feb. 13
-------------------------------------------------
The creditors of GE Capital (Bermuda) Holdings are required to
file their proofs of debt by Feb. 13, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Jan. 25, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
GE CAPITAL: Members' Final Meeting Set for March 5
--------------------------------------------------
The members of GE Capital (Bermuda) Holdings will hold their final
meeting on March 5, 2013, 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 Jan. 25, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
GE CAPITAL FINANCIAL: Creditors' Proofs of Debt Due Feb. 13
-----------------------------------------------------------
The creditors of GE Capital Financial Holdings (Bermuda) are
required to file their proofs of debt by Feb. 13, 2013, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Jan. 25, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
GE CAPITAL FINANCIAL: Members' Final Meeting Set for March 5
------------------------------------------------------------
The members of GE Capital Financial Holdings (Bermuda) will hold
their final meeting on March 5, 2013, 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 Jan. 25, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
LAKE PARK: Creditors' Proofs of Debt Due Feb. 13
------------------------------------------------
The creditors of Lake Park Insurance, Ltd. are required to file
their proofs of debt by Feb. 13, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Jan. 24, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
LAKE PARK: Member to Receive Wind-Up Report on March 5
------------------------------------------------------
The member of Lake Park Insurance, Ltd. will receive on March 5,
2013, 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 Jan. 24, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
LONGWAY LTD: Creditors' Proofs of Debt Due Feb. 15
--------------------------------------------------
The creditors of Longway, Ltd. are required to file their proofs
of debt by Feb. 15, 2013, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Jan. 30, 2013.
The company's liquidator is:
Ernest Morrison
Cox Hallett Wilkinson
Bermuda
LONGWAY LTD: Sole Member to Receive Wind-Up Report on March 1
-------------------------------------------------------------
The sole member of Longway Ltd. will receive on March 1, 2013, at
9:00 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 Jan. 30, 2013.
The company's liquidator is:
Ernest Morrison
Cox Hallett Wilkinson
Bermuda
MONDRIAN INTERNATIONAL: Creditors' Proofs of Debt Due Feb. 13
-------------------------------------------------------------
The creditors of Mondrian International Holdings Ltd. are required
to file their proofs of debt by Feb. 13, 2013, to be included in
the company's dividend distribution.
The company commenced wind-up proceedings on Jan. 25, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
MONDRIAN INTERNATIONAL: Members' Final Meeting Set for March 5
--------------------------------------------------------------
The members of Mondrian International Holdings Ltd. will hold
their final meeting on March 5, 2013, 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 Jan. 25, 2013.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
REBORN LTD: Creditors' Proofs of Debt Due Feb. 15
-------------------------------------------------
The creditors of Reborn, Ltd. are required to file their proofs of
debt by Feb. 15, 2013, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Jan. 30, 2013.
The company's liquidator is:
Ernest Morrison
Cox Hallett Wilkinson
Bermuda
REBORN LTD: Sole Member to Receive Wind-Up Report on March 1
------------------------------------------------------------
The sole member of Reborn, Ltd. will receive on March 1, 2013, at
9:00 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 Jan. 30, 2013.
The company's liquidator is:
Ernest Morrison
Cox Hallett Wilkinson
Bermuda
SHELBY COMPANY: Creditors' Proofs of Debt Due Feb. 13
-----------------------------------------------------
The creditors of Shelby Company Limited are required to file their
proofs of debt by Feb. 13, 2013, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Jan. 29, 2013.
The company's liquidator is:
Christopher Dye
Trinity Hall, 43 Cedar Avenue
Hamilton HM 12
Bermuda
SHELBY COMPANY: Members' Final Meeting Set for March 1
------------------------------------------------------
The members of Shelby Company Limited will hold their final
meeting on March 1, 2013, to receive the liquidator's report on
the company's wind-up proceedings and property disposal.
The company commenced wind-up proceedings on Jan. 29, 2013.
The company's liquidator is:
Christopher Dye
Trinity Hall, 43 Cedar Avenue
Hamilton HM 12
Bermuda
===========
B R A Z I L
===========
VRG LINHAS: S&P Rates Senior Unsecured Guaranteed Notes 'B-'
------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B-'
rating to VRG Linhas Aereas S.A.'s senior unsecured guaranteed
notes. VRG is a wholly owned subsidiary of Gol Linhas Aereas
Inteligentes S.A. (GOL; B/Stable/--), which will unconditionally
guarantee the notes.
The rating on the notes is one notch lower than the corporate
credit rating on GOL, reflecting the effective subordination of
the notes to existing secured debts. Under S&P's criteria,
operating leases and other aircraft financing are assumed to be
senior secured obligations with priority of payment relative to
unsecured debt. GOL will use proceeds from the issuance for the
repayment of certain debt, to extend the overall maturity profile,
and improve liquidity.
The stable outlook reflects S&P's opinion that GOL's cash flows
will remain pressured, resulting in fragile credit metrics until
at least the first semester of 2013. However, S&P expects that
the company's recent actions in reducing its supply will improve
its capacity utilization and a gradual recovery in operating
profits in the coming quarters, resulting in operating lease
adjusted total debt to EBITDA of close to 6x in 2013. The
company's sound cash position and low debt amortization for the
next two years partly offset its currently weak credit metrics.
S&P will closely monitor management's ability to obtain a higher
load factor against the current weak demand, and its gradual
return to positive EBIT in 2013. A downgrade is possible if GOL
fails to improve its operating performance within the next few
quarters or if liquidity is depleted amid further and bigger
operating losses. An upgrade would depend on GOL's ability to
generate positive cash flows and reduce debt, which will be
possible only after it concludes its initiatives to adjust its
cost structure and if improved market conditions allow for higher
yields.
RATINGS LIST
Gol Linhas Aereas Inteligentes S.A.
Corporate credit rating B/Stable/--
Rating Assigned
VRG Linhas Aereas S.A.
Senior unsecured guaranteed notes* B-
==========================
C A Y M A N I S L A N D S
==========================
AL DANA: Commences Liquidation Proceedings
------------------------------------------
On Nov. 20, 2012, the sole shareholder of Al Dana Shariah
Compliant Mena Equity Manager Selection Fund Ltd. resolved to
voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
Dec. 24, 2012, 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
AQR ABSOLUTE: Placed Under Voluntary Wind-Up
--------------------------------------------
On Nov. 16, 2012, the sole shareholder of AQR Absolute Return
Offshore Fund (USD) III Ltd. resolved to voluntarily wind up the
company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 24, 2012, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Jennifer Parsons
Telephone: 815-1820
Facsimile: (345) 949-9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
AQR ARF: Placed Under Voluntary Wind-Up
---------------------------------------
On Nov. 16, 2012, the sole shareholder of AQR ARF Global Total
Return Offshore Fund Ltd. resolved to voluntarily wind up the
company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 24, 2012, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Jennifer Parsons
Telephone: 815-1820
Facsimile: (345) 949-9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
AQR GLOBAL: Placed Under Voluntary Wind-Up
------------------------------------------
On Nov. 16, 2012, the sole shareholder of AQR Global Asset
Allocation Offshore Fund (USD) VI Ltd. resolved to voluntarily
wind up the company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 24, 2012, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Jennifer Parsons
Telephone: 815-1820
Facsimile: (345) 949-9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
AQR GLOBAL STOCK: Placed Under Voluntary Wind-Up
------------------------------------------------
On Nov. 16, 2012, the sole shareholder of AQR Global Stock
Selection Offshore Fund (USD) II Ltd. resolved to voluntarily wind
up the company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 24, 2012, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Jennifer Parsons
Telephone: 815-1820
Facsimile: (345) 949-9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
AQR OFFSHORE: Placed Under Voluntary Wind-Up
--------------------------------------------
On Nov. 16, 2012, the sole shareholder of AQR Offshore Multi-
Strategy Fund II Ltd. resolved to voluntarily wind up the
company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 24, 2012, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Jennifer Parsons
Telephone: 815-1820
Facsimile: (345) 949-9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
BAMBUCO INTERNATIONAL: Commences Liquidation Proceedings
--------------------------------------------------------
On Nov. 12, 2012, the shareholders of Bambuco International Inc.
resolved to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
Dec. 26, 2012, will be included in the company's dividend
distribution.
The company's liquidator is:
Wardour Management Services Limited
Telephone: (345) 945-3301
Facsimile: (345) 945-3302
P.O. Box 10147 Grand Cayman KY1-1002
Cayman Islands
CYPRESSTREE SYNTHETIC: Commences Liquidation Proceedings
--------------------------------------------------------
On Nov. 19, 2012, the sole shareholder of Cypresstree Synthetic
CDO Limited resolved to voluntarily liquidate the company's
business.
Only creditors who were able to file their proofs of debt by
Jan. 3, 2013, will be included in the company's dividend
distribution.
The company's liquidator is:
Mourant Ozannes Cayman Liquidators Limited
Mourant Ozannes
Attorneys-at-Law for the Company
Reference: NDL
Telephone: (+1) 345 949 4123
Facsimile: (+1) 345 949 4647; or
Mourant Ozannes Cayman Liquidators Limited
Reference: Peter Goulden
Telephone: (+1) 345 949 4123
Facsimile: (+1) 345 949 4647
94 Solaris Avenue, Camana Bay
P.O. Box 1348 Grand Cayman KY1-1108
Cayman Islands
ENSERVE LTD: Commences Liquidation Proceedings
----------------------------------------------
On Nov. 9, 2012, the sole shareholder of Enserve Ltd. resolved to
voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
Jan. 2, 2013, 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
JAYCE INVESTMENT: Commences Liquidation Proceedings
---------------------------------------------------
On Nov. 14, 2012, the sole shareholder of Jayce Investment
Holdings Limited resolved to voluntarily liquidate the company's
business.
Only creditors who were able to file their proofs of debt by
Jan. 2, 2013, will be included in the company's dividend
distribution.
The company's liquidator is:
Ian D. Stokoe
c/o Devina Patel
Telephone: (345) 949 8739
Facsimile: (345) 945 4237
PO Box 258 Grand Cayman KY1-1104
Cayman Islands
KAISEN CAPITAL: Commences Liquidation Proceedings
-------------------------------------------------
On Nov. 20, 2012, the shareholder of Kaisen Capital Management
Limited resolved to voluntarily liquidate the company's business.
The company's liquidator is:
Cheng Shu Yuen
Greenfield Tower Concordia Plaza
Room 2505-06
1 Science Museum Road
TST East, Kowloon
Hong Kong
KAISEN FORTUNE: Commences Liquidation Proceedings
-------------------------------------------------
On Nov. 20, 2012, the shareholder of Kaisen Fortune Master Fund
resolved to voluntarily liquidate the company's business.
The company's liquidator is:
Cheng Shu Yuen
Greenfield Tower Concordia Plaza
Room 2505-06
1 Science Museum Road
TST East, Kowloon
Hong Kong
MARCO POLO: Commences Liquidation Proceedings
---------------------------------------------
On Nov. 21, 2012, the shareholder of Marco Polo Pure Pan-China
Fund resolved to voluntarily liquidate the company's business.
The company's liquidator is:
Marco Polo Pure Asset Management (Cayman Islands) Limited
P.O. Box 309, Ugland House
Grand Cayman KY1-1104
Cayman Islands
PREMIUM FINANCE: Commences Liquidation Proceedings
--------------------------------------------------
On Nov. 19, 2012, the sole shareholder of Premium Finance resolved
to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
Jan. 3, 2013, will be included in the company's dividend
distribution.
The company's liquidator is:
Mourant Ozannes Cayman Liquidators Limited
Mourant Ozannes
Attorneys-at-Law for the Company
Reference: NDL
Telephone: (+1) 345 949 4123
Facsimile: (+1) 345 949 4647; or
Mourant Ozannes Cayman Liquidators Limited
Reference: Peter Goulden
Telephone: (+1) 345 949 4123
Facsimile: (+1) 345 949 4647
94 Solaris Avenue, Camana Bay
P.O. Box 1348 Grand Cayman KY1-1108
Cayman Islands
PREMIUM FINANCE II: Commences Liquidation Proceedings
-----------------------------------------------------
On Nov. 19, 2012, the sole shareholder of Premium Finance II
resolved to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
Jan. 3, 2013, will be included in the company's dividend
distribution.
The company's liquidator is:
Mourant Ozannes Cayman Liquidators Limited
Mourant Ozannes
Attorneys-at-Law for the Company
Reference: NDL
Telephone: (+1) 345 949 4123
Facsimile: (+1) 345 949 4647; or
Mourant Ozannes Cayman Liquidators Limited
Reference: Peter Goulden
Telephone: (+1) 345 949 4123
Facsimile: (+1) 345 949 4647
94 Solaris Avenue, Camana Bay
P.O. Box 1348 Grand Cayman KY1-1108
Cayman Islands
SP GBGH: Commences Liquidation Proceedings
------------------------------------------
On Nov. 20, 2012, the sole shareholder of SP GBGH Limited resolved
to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
Jan. 2, 2013, 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
TOLLTECH HOLDING: Commences Liquidation Proceedings
---------------------------------------------------
On Nov. 9, 2012, the sole shareholder of Tolltech Holding, Ltd.
resolved to voluntarily liquidate the company's business.
Only creditors who were able to file their proofs of debt by
Jan. 2, 2013, 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
WATERFALL TALF: Placed Under Voluntary Wind-Up
----------------------------------------------
On Nov. 20, 2012, the sole shareholder of Waterfall Talf
Opportunity Fund, Ltd. resolved to voluntarily wind up the
company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 24, 2012, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Jennifer Parsons
Telephone: 815-1820
Facsimile: (345) 949-9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
WATERFALL TALF INTERMEDIATE: Placed Under Voluntary Wind-Up
-----------------------------------------------------------
On Nov. 20, 2012, the sole shareholder of Waterfall Talf
Opportunity Intermediate Fund, Ltd. resolved to voluntarily wind
up the company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 24, 2012, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Jennifer Parsons
Telephone: 815-1820
Facsimile: (345) 949-9877
89 Nexus Way, Camana Bay
Grand Cayman KY1-9007
Cayman Islands
YET HOLDINGS: Placed Under Voluntary Wind-Up
--------------------------------------------
On Nov. 19, 2012, the shareholders of Yet Holdings Limited
resolved to voluntarily wind up the company's operations.
Only creditors who were able to file their proofs of debt by
Jan. 4, 2013, will be included in the company's dividend
distribution.
The company's liquidator is:
Fides Limited
P.O. Box 10338, Grand Cayman, KY1-1003
Telephone: 345-949-7232
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T R I N I D A D & T O B A G O
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* TRINIDAD & TOBAGO: Oil Production Down by 50% in the Past 7 Yrs
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Joel Julien at Trinidad Express reports that oil production in
Trinidad & Tobago has fallen by close to 50% in the past seven
years, Finance Minister Larry Howai said.
Mr. Howai made the statement as the Finance Bill 2013 was debated
in the Senate, Tower D, International Waterfront Centre in Port of
Spain.
Mr. Howai said the energy sector accounts for 40 per cent of the
country's Gross Domestic Product (GDP) and provides as much as 80
per cent of foreign exchange earnings.
"Over the medium term therefore I expect that the sector will
continue to be a major sector in our economy, however, oil
production has been declining and in 2012 averaged 82,000 barrels
of oil per day as compared to a production rate of 144,000 barrels
per day in 2005," Mr. Howai said.
The decline was because of failure to invest in the industry in
the past decade.
"So in seven years, Mr. President output in the oil sector, in the
petroleum sector, output of oil has actually dropped by close to
50 per cent and this is because of our failure to invest in this
industry over the past ten years," he said.
"A significant amount of the work that is being done today is
going to take some period of time before we actually start to see
the results," Mr. Howai added.
"Generally starting from a bid round and going right down to final
output can take between seven to ten years," he said.
Mr. Howai said "specific action" needed to be taken urgently to
commercialise oil production.
"The global energy sector itself is undergoing significant change,
the sector is on a global basis facing the output of failed gas
and oil and of course, failed gas as a by-product coming from
fields where there is already failed oil literally means you can
practically give that gas away and therefore the kind of
competition Trinidad and Tobago will face in the future in this
particular area is something that we need to also bear in mind as
we start to deal with how we are going to deal with the fiscal
regime that exists in Trinidad and Tobago to ensure that we get
the level of investment that we need to ensure this industry
continues to remain a strong and vibrant industry in the years to
come," Howai said.
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Monday's edition of the TCR-LA delivers a list of indicative
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***********
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
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