/raid1/www/Hosts/bankrupt/TCRLA_Public/130805.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
Monday, August 5, 2013, Vol. 14, No. 153
Headlines
B R A Z I L
* BRAZIL: To Get US$17.1MM IDB Loan for Legal Defense Interests
C A Y M A N I S L A N D S
BLOSSY INVESTMENT: Creditors' Proofs of Debt Due Aug. 30
CAMEL 1: Creditors' Proofs of Debt Due Aug. 29
GTAM SPECIAL: Creditors' Proofs of Debt Due Aug. 28
HAWK CAPITAL: Creditors' Proofs of Debt Due Aug. 29
LEATHER AND KINS: Creditors' Proofs of Debt Due Aug. 30
MAINSTREAM ACTIVE: Creditors' Proofs of Debt Due Aug. 20
MARINO INTERNATIONAL: Creditors' Proofs of Debt Due Aug. 30
OH OBBIE: Commences Liquidation Proceedings
RAS ABU: Creditors' Proofs of Debt Due Aug. 29
TOP ALLIANCE: Commences Liquidation Proceedings
TROPICAL EXPRESSIONS: Creditors' Proofs of Debt Due Aug. 30
WGF FEEDER: Creditors' Proofs of Debt Due Aug. 19
WHITE MOUNTAIN: Creditors' Proofs of Debt Due Aug. 29
D O M I N I C A N R E P U B L I C
EDENORTE: World Bank, IDB Tap US$67MM To Rebuild Energy Grid
J A M A I C A
UC RUSAL: Looks to Off-Load Excess Supplies of Aluminum
M E X I C O
SATELITES MEXICANOS: S&P Puts 'B' CCR on CreditWatch Positive
T R I N I D A D & T O B A G O
CARIBBEAN AIRLINES: Passengers File Suit Against Airline
X X X X X X X X
* BOND PRICING: For the Week From July 29 to Aug. 2, 2013
- - - - -
===========
B R A Z I L
===========
* BRAZIL: To Get US$17.1MM IDB Loan for Legal Defense Interests
---------------------------------------------------------------
Brazil will modernize the Office of the Attorney General (AGU) to
help achieve greater and more effective legal defense against
lawsuits by all government entities -- at a state as well as
federal level -- in a program supported by a $17.1 million loan
from the Inter-American Development Bank (IDB).
The objectives of the program include reducing the rate of
unfavorable judgments in lawsuits by half, from almost 59 percent
now to 30 percent. This will cut damages ordered by courts in
lawsuits against the State.
In addition, the project will increase the percentage of the total
sum of State assets subject to claims that are recovered -
including agreements and public civil actions - from 7.5 percent
to 22 percent by 2016.
The AGU is the institution that, directly or through associated
bodies, provides legal representation for the State, governmental
agencies, and public federal foundations.
Another program objective is to more effectively manage judicial
processes through a results-based system of indicators, targets,
and assessments for monitoring adjudicated claims and risks to the
State. The judicial management system will be strengthened to
increase its ability to collect claims and recover assets.
In addition, the project will improve the quality of legal counsel
and advisory services provided by AGU attorneys and prosecutors.
The IDB loan was granted through the Bank's flexible financing
facility with a single payment due May 15, 2028 and an interest
rate based on LIBOR. The local counterpart contribution will be
$25.7 million.
==========================
C A Y M A N I S L A N D S
==========================
BLOSSY INVESTMENT: Creditors' Proofs of Debt Due Aug. 30
--------------------------------------------------------
The creditors of Blossy Investment Ltd. are required to file their
proofs of debt by Aug. 30, 2013, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on July 8, 2013.
The company's liquidator is:
MBT Trustees Ltd.
Telephone: 945 8859
Facsimile: 949 9793/4
P.O. Box 30622 Grand Cayman KY1-1203
Cayman Islands
CAMEL 1: Creditors' Proofs of Debt Due Aug. 29
----------------------------------------------
The creditors of Camel 1 Limited are required to file their proofs
of debt by Aug. 29, 2013, to be included in the company's dividend
distribution.
The company commenced liquidation proceedings on July 16, 2013.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
GTAM SPECIAL: Creditors' Proofs of Debt Due Aug. 28
---------------------------------------------------
The creditors of GTAM Special Realty Limited are required to file
their proofs of debt by Aug. 28, 2013, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on July 11, 2013.
The company's liquidator is:
Intertrust SPV (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943-3100
HAWK CAPITAL: Creditors' Proofs of Debt Due Aug. 29
---------------------------------------------------
The creditors of Hawk Capital SPC are required to file their
proofs of debt by Aug. 29, 2013, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on July 11, 2013.
The company's liquidator is:
Khalij Fiduciaire SA
Telephone: +41 21 96 12 511
Le Forum 1er Etage
Grand Rue 3, CP 317
1820 Montreux 2
Switzerland
LEATHER AND KINS: Creditors' Proofs of Debt Due Aug. 30
-------------------------------------------------------
The creditors of Leather and Kins Trading Ltd are required to file
their proofs of debt by Aug. 30, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on July 8, 2013.
The company's liquidator is:
MBT Trustees Ltd.
Telephone: 945 8859
Facsimile: 949 9793/4
P.O. Box 30622 Grand Cayman KY1-1203
Cayman Islands
MAINSTREAM ACTIVE: Creditors' Proofs of Debt Due Aug. 20
--------------------------------------------------------
The creditors of Mainstream Active Value Offshore Fund, Ltd. are
required to file their proofs of debt by Aug. 20, 2013, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on July 11, 2013.
The company's liquidator is:
Diane J. Hulls
c/o Mainstream Investment Advisers, LLC
101 West Spring Street, 4th Floor
New Albany, IN 47150
U.S.A.
Telephone: (812) 981 7053
Facsimile: (812) 981 7069
MARINO INTERNATIONAL: Creditors' Proofs of Debt Due Aug. 30
-----------------------------------------------------------
The creditors of Marino International Ltd. are required to file
their proofs of debt by Aug. 30, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on July 8, 2013.
The company's liquidator is:
MBT Trustees Ltd.
Telephone: 945 8859
Facsimile: 949 9793/4
P.O. Box 30622 Grand Cayman KY1-1203
Cayman Islands
OH OBBIE: Commences Liquidation Proceedings
-------------------------------------------
On June 24, 2013, the shareholders of Oh Obbie Insurance Ltd.
passed a resolution to voluntarily liquidate the company's
business.
Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.
The company's liquidator is:
Stuart Jessop
Windward 3, 5th Floor
Regatta Office Park
West Bay Road
Grand Cayman KY1-1105
Cayman Islands
Telephone: 949 1599
RAS ABU: Creditors' Proofs of Debt Due Aug. 29
----------------------------------------------
The creditors of Ras Abu Abboud Leasing Limited are required to
file their proofs of debt by Aug. 29, 2013, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on July 17, 2013.
The company's liquidator is:
Intertrust (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Kim Charaman/Jennifer Chailler
Telephone: (345) 943 3100
TOP ALLIANCE: Commences Liquidation Proceedings
-----------------------------------------------
On July 17, 2013, the shareholders of Top Alliance International,
Ltd. passed a resolution to voluntarily liquidate the company's
business.
Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.
The company's liquidator is:
Angelia Lin
8th Floor-2, 351, Yang Guang Street
Nei-Hu District, Taipei 114
Taiwan
TROPICAL EXPRESSIONS: Creditors' Proofs of Debt Due Aug. 30
-----------------------------------------------------------
The creditors of Tropical Expressions Ltd. are required to file
their proofs of debt by Aug. 30, 2013, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on July 8, 2013.
The company's liquidator is:
MBT Trustees Ltd.
Telephone: 945 8859
Facsimile: 949 9793/4
P.O. Box 30622 Grand Cayman KY1-1203
Cayman Islands
WGF FEEDER: Creditors' Proofs of Debt Due Aug. 19
-------------------------------------------------
The creditors of WGF Feeder Fund are required to file their proofs
of debt by Aug. 19, 2013, to be included in the company's dividend
distribution.
The company's liquidator is:
A. Lawson
c/o A. Edwards
Telephone: (345)815 2608
KPMG
P.O. Box 493 Century Yard
Cricket Square
Grand Cayman KY1-1106
Cayman Islands
WHITE MOUNTAIN: Creditors' Proofs of Debt Due Aug. 29
-----------------------------------------------------
The creditors of White Mountain Venture Capital SPC are required
to file their proofs of debt by Aug. 29, 2013, to be included in
the company's dividend distribution.
The company commenced wind-up proceedings on July 11, 2013.
The company's liquidator is:
Khalij Fiduciaire SA
Telephone: +41 21 96 12 511
Le Forum 1er Etage
Grand Rue 3, CP 317
1820 Montreux 2
Switzerland
===================================
D O M I N I C A N R E P U B L I C
===================================
EDENORTE: World Bank, IDB Tap US$67MM To Rebuild Energy Grid
------------------------------------------------------------
Dominican Today reports that the Electricity Distribution of the
North (Edenorte), the World Bank and the Inter-American
Development Bank (IDB) allocated US$67 million to rebuild the
energy grids in the Cibao region (north), as part of the effort to
restructure the country's power sector.
According to the report, the rehabilitation of the networks form
part of the strategy supported by international lenders and the
State-Owned Electric Utility (CDEEE).
The report notes that in a statement, Edenorte said with a total
of 43 projects in the Cibao, Edenorte expects to recover an
average of US$2.5 million each month to reduce losses and increase
revenue.
Dominican Today discloses that Edenorte itself will pitch in the
biggest sum, of US$30.6 million, in 22 projects to benefit nearly
61,500 customers.
=============
J A M A I C A
=============
UC RUSAL: Looks to Off-Load Excess Supplies of Aluminum
-------------------------------------------------------
RJR News reports that UC Rusal is said to be looking at the
possibility of off-loading excess supplies from some of its
refineries, including the Windalco facility in Jamaica.
metalbulletin.com, citing an unnamed source in the company, said
that UC Rusal has started offering alumina shipments for sale in
Europe as it prepares to make substantial cuts to its production
of primary aluminum, according to RJR News.
The report notes that the source said the company is cutting
internal metal production at some older assets, and this will
result in excess alumina being released to the market.
In addition Windalco, UC Rusal is contemplating sales from its
alumina refinery in Ireland, RJR News notes. Most major aluminum
producers have announced plant closures over the past eighteen
months amid a decline in aluminum prices, the report says.
UC Rusal has a stake in the Alpart and Kirkvine alumina refineries
in Jamaica.
* * *
As reported in the Troubled Company Reporter-Latin America on
April 25, 2013, RJR News reported that UC Rusal said its financial
losses for 2012 were bigger than initially reported. The company
has revised its net loss to US$337 million from the US$55 million
US dollar loss reported the previous month, according to RJR News.
The report related that UC Rusal said the adjustment was made
after reviewing its share of profit from its subsidiary Norilsk
Nickel. UC Rusal, the report added, said the adjusted financial
statements have been reviewed by its auditor.
TCRLA reported on Sept. 28, 2012, that RJR News said UC Rusal
expects to reach a deal with its lenders within six months to
refinance part of an US$11 billion debt burden. It said it will
agree to new loan conditions by the end of 2012 before its
covenant holiday expires, according to RJR News.
===========
M E X I C O
===========
SATELITES MEXICANOS: S&P Puts 'B' CCR on CreditWatch Positive
-------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B' corporate credit
and issue ratings on Satelites Mexicanos S.A. de C.V. (Satmex) on
CreditWatch with positive implications. The recovery rating of
'3', indicating S&P's expectation of meaningful (50% to 70%)
recovery for debt holders in the event of a payment default,
remains unchanged.
The CreditWatch placement follows the announcement that Eutelsat
Communications S.A. (BBB/Watch Neg/A-2) has agreed to acquire
Satmex. Assuming the acquisition is completed, S&P could raise
its ratings on Satmex, depending on its assessment of the
potential support from its new parent company and if change-of-
control acceleration clause in Satmex's $360 million outstanding
bonds is not triggered. S&P do not expect substantial operating
changes for Satmex following its buyout, but S&P believes it could
benefit from potential synergies and Eutelsat's expertise as one
of the leading satellite operators in the world. Additionally,
S&P don't expect changes in the company's business and financial
risk profile.
The transaction is expected to close by the end of 2013, subject
to government and regulatory approvals and other customary
conditions.
===============================
T R I N I D A D & T O B A G O
===============================
CARIBBEAN AIRLINES: Passengers File Suit Against Airline
--------------------------------------------------------
RJR News reports that more than two years after they were injured
when a Caribbean Airlines Limited plane overshot the runway at the
Cheddi Jagan International Airport in Guyana, eight of the
passengers have filed a lawsuit against the air carrier.
The passengers are each claiming damages in excess of one million
Guyanese dollar for personal injuries, loss and damage suffered in
the crash on July 30, 2011, according to RJR News.
The report relates that court documents show they are accusing
Caribbean Airlines of negligent operation of Flight BW523 and are
seeking interest, costs or other order that the court may deem
fit. Caribbean Airlines has been given ten days to respond to the
claims.
The official report of the incident has not been made public but
media reports have quoted both local and foreign investigators as
attributing the crash to overshooting the 7,400 foot runway,
resulting in the Boeing 737-800 aircraft breaking in half, the
report notes.
Caribbean Airlines Limited -- http://http://www.caribbean-
airlines.com/ -- provides passenger airline services. It also
specializes in the shipment of fresh cut flowers and packaged
meats, hatching eggs, chocolates, fruits and vegetables, frozen
and chilled fish, vaccines, newspapers, and magazines within the
Caribbean, as well as to North America and Europe.
In 2010, Port of Spain and Kingston agreed to a deal that allowed
the Jamaica government to own 16% of CAL as part of the conditions
for CAL taking over the lucrative routes of Air Jamaica. The deal
also allows for Trinidad and Tobago agreeing to a US$300 million
transition plan for CAL to acquire and operate six Air Jamaica
aircraft and eight of its routes.
* * *
As reported in the Troubled Company Reporter-Latin America on May
20, 2013, Caribbean360.com said that Trinidad and Tobago Finance
Minister Larry Howai said Caribbean Airlines Limited recorded
losses estimated at US$70 million in 2012. In 2011, CAL had
recorded losses of US43.7 million.
TCRLA reported on March 21, 2012, that RJR News said Caribbean
Airlines Limited owes nearly US$30 million to Trinidad and
Tobago's fuel provider National Petroleum. Trinidad Express said
CAL enjoys a seven-day credit facility for aviation fuel from the
company, according to RJR News. However, the report related that
the airline has not been able to pay the full amount when invoiced
and instead has been issuing partial payments to sustain the
account. RJR News noted that Trinidad Express reported that the
arrears were built up as no payments have been made despite an
attractive fuel subsidy which the airline has enjoyed since it
began operations.
===============
X X X X X X X X
===============
* BOND PRICING: For the Week From July 29 to Aug. 2, 2013
---------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Argentine Republic Government 7.82 12/31/2033 EUR 56
International Bond
Argentine Republic Government
International Bond 7.82 12/31/2033 EUR 55.5
Argentine Republic Government
International Bond 8.28 12/31/2033 USD 55
Provincia de Buenos
Aires/Argentina 10.9 1/26/2021 USD 69.8
Argentine Republic Government
International Bond 8.28 12/31/2033 USD 57.5
Provincia de Buenos
Aires/Argentina 9.38 9/14/2018 USD 68.4
Empresa Distribuidora Y
Comercializadora Norte 9.75 10/25/2022 USD 51
Banco Macro SA 9.75 12/18/2036 USD 67.8
Provincia de Buenos
Aires/Argentina 9.63 4/18/2028 USD 63
Capex SA 10 3/10/2018 USD 71
Cia Latinoamericana de
Infraestructura & Servicios SA 9.5 12/15/2016 USD 63
Cia de Transporte de
Energia Electrica en Alta 8.88 12/15/2016 USD 47.6
Tension Transe
Provincia de Mendoza
Argentina 5.5 9/4/2018 USD 74
Argentine Republic Government
International Bond 1.18 12/31/2038 ARS 43.7
Argentine Republic
Government International Bond 8.28 12/31/2033 USD 55
Argentine Republic
Government International Bond 7.82 12/31/2033 EUR 45
Cia de Transporte de
Energia Electrica en 9.75 8/15/2021 USD 50
Alta Tension Transe
Argentina Bocon 2 3/15/2014 ARS 32.5
Empresa Distribuidora Y
Comercializadora Norte 9.75 10/25/2022 USD 50
Argentine Republic
Government International Bond 4.33 12/31/2033 JPY 36.5
Argentine Republic
Government International Bond 8.28 12/31/2033 USD 59.9
Cia de Transporte de
Energia Electrica en 9.75 8/15/2021 USD 45.4
Alta Tension Transe
MetroGas SA 8.88 12/31/2018 USD 65.5
Provincia de Buenos
Aires/Argentina 10.9 1/26/2021 USD 70
Empresa Distribuidora Y
Comercializadora Norte 10.5 10/9/2017 USD 51.3
Argentine Republic
Government International Bond 4.33 12/31/2033 JPY 36
Banco Macro SA 9.75 12/18/2036 USD 67.8
City of Buenos
Aires Argentina 3.98 3/15/2018 USD 68.6
Capex SA 10 3/10/2018 USD 67.6
Provincia de Buenos
Aires/Argentina 9.38 9/14/2018 USD 68.8
Provincia de Buenos
Aires/Argentina 9.63 4/18/2028 USD 63
MetroGas SA 8.88 12/31/2018 USD 63.4
Argentine Republic
Government International Bond 0.45 12/31/2038 JPY 8
Banco Macro SA 9.75 12/18/2036 USD 67.8
Provincia de Mendoza Argentina 5.5 9/4/2018 USD 73.5
Provincia del Chaco 4 11/4/2023 USD 53.8
Provincia del Chaco 4 12/4/2026 USD 25.5
Formosa Province of Argentina 5 2/27/2022 USD 61.9
Argentine Republic
Government International Bond 8.28 12/31/2033 USD 61.8
Cia Energetica de Sao Paulo 9.75 1/15/2015 BRL 64.6
Gol Finance 8.75 USD 60
Banco Bonsucesso SA 9.25 11/3/2020 USD 73.5
Sifco SA 11.5 6/6/2016 USD 50.3
Gol Finance 8.75 USD 58.3
Banco Bonsucesso SA 9.25 11/3/2020 USD 72.5
Cia Sud Americana de
Vapores SA 6.4 10/1/2022 CLP 69.8
Almendral
Telecomunicaciones SA 3.5 12/15/2014 CLP 33
Cia Cervecerias Unidas SA 4 12/1/2024 CLP 58.2
Aguas Andinas SA 4.15 12/1/2026 CLP 72.5
Quinenco SA 3.5 7/21/2013 CLP 12.9
Talca Chillan Sociedad
Concesionaria SA 2.75 12/15/2019 CLP 60.8
Empresa de Transporte de
Pasajeros Metro SA 5.5 7/15/2027 CLP 4.58
Hidili Industry International
Development Ltd 8.63 11/4/2015 USD 71.5
Renhe Commercial
Holdings Co Ltd 13 3/10/2016 USD 62.8
Renhe Commercial
Holdings Co Ltd 11.8 5/18/2015 USD 63.1
China Forestry
Holdings Co Ltd 10.3 11/17/2015 USD 37
JinkoSolar Holding Co Ltd 4 5/15/2016 USD 66.3
Renhe Commercial
Holdings Co Ltd 13 3/10/2016 USD 56
Hidili Industry International
Development Ltd 8.63 11/4/2015 USD 71.8
Renhe Commercial
Holdings Co Ltd 11.8 5/18/2015 USD 63.8
China Forestry
Holdings Co Ltd 10.3 11/17/2015 USD 37
BES Finance Ltd 5.58 EUR 65.5
Bank Austria Creditanstalt
Finance Cayman Ltd 1.61 EUR 49.7
ERB Hellas Cayman
Islands Ltd 1.8 6/8/2017 EUR 55.2
Bank Austria Creditanstalt
Finance Cayman Ltd 2 1.84 EUR 49.9
BCP Finance Co Ltd 5.54 EUR 41.7
ESFG International Ltd 5.75 EUR 50.8
BCP Finance Co Ltd 4.24 EUR 42.8
BES Finance Ltd 3.03 EUR 74.3
Banco Finantia
International Ltd 2.46 7/26/2017 EUR 44.1
BES Finance Ltd 4.5 EUR 56.4
Caixa Geral De
Depositos Finance 1.02 EUR 34.7
BCP Finance Bank Ltd 5.31 12/10/2023 EUR 66.3
ERB Hellas Cayman
Islands Ltd 9 3/8/2019 EUR 31.9
Banif Finance Ltd 1.58 EUR 44
BCP Finance Bank Ltd 5.01 3/31/2024 EUR 63.5
Banco BPI SA/Cayman Islands 4.15 11/14/2035 EUR 41.6
Petroleos de Venezuela SA 5.38 4/12/2027 USD 60.2
Venezuela Government
International Bond 7 3/31/2038 USD 67.3
Petroleos de Venezuela SA 5.5 4/12/2037 USD 58.8
Venezuela Government
International Bond 7.65 4/21/2025 USD 74.6
Venezuela Government
International Bond 6 12/9/2020 USD 74.2
Bolivarian Republic of
Venezuela 7 3/31/2038 USD 66.8
***********
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, Julie Anne L. Toledo, 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 * * *