TCRLA_Public/131204.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, December 4, 2013, Vol. 14, No. 240


                            Headlines



A N T I G U A  &  B A R B U D A

LIAT: Aims for Hassle Free Travel During Christmas Season


A R G E N T I N A

EDENOR SA: General Extraordinary Meeting Set For December 20


C A Y M A N  I S L A N D S

ALMITRA LIMITED: Member to Receive Wind-Up Report on Dec. 5
BIBI INVESTMENTS: Members Receive Wind-Up Report
CORNERSTONE PROTECTOR: Shareholder Receives Wind-Up Report
INTERKRAFT ENERGY: Shareholders Receive Wind-Up Report
KGF MANAGEMENT: Shareholder to Receive Wind-Up Report on Dec. 16

KGF SLP: Shareholder Receives Wind-Up Report
MERGER ARB: Shareholders Receive Wind-Up Report
MORNINGSIDE PARK: Shareholder to Receive Wind-Up Report on Dec. 6
MSF CAPITAL: Shareholder Receives Wind-Up Report
NATASHA HOLDINGS: Shareholders Receive Wind-Up Report

PRIMO OPTO: Shareholders Receive Wind-Up Report
TISBURY II: Shareholders Receive Wind-Up Report
TRITON 100: Shareholder Receives Wind-Up Report
VISIUM LONG: Shareholder Receives Wind-Up Report
WINDMILL CAPITAL: Shareholder Receives Wind-Up Report


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: No End in Sight to Country's Blackouts


J A M A I C A

JAMAICA URBAN: Crash Victims Reject Four-Part Payment Proposal


T R I N I D A D  &  T O B A G O

CL FIN'L: Government Hires Freshfields Bruckhaus & Zolfo Coopers


                            - - - - -


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


LIAT: Aims for Hassle Free Travel During Christmas Season
---------------------------------------------------------
Caribbean360.com reports that Leeward Islands Air Transport, known
as LIAT, which came under heavy public criticism over its summer
schedule, sought to re-assure the travelling public that it would
do everything possible to ensure that their journeys are not
interrupted during the busy Christmas Season.

The financially strapped airline had blamed the re-fleeting
exercise for the August fiasco and that the fleet modernization
efforts were continuing with five new ATR aircraft being added so
far and two more due to arrive in January 2014, according to
Caribbean360.com.

"Even as we continue the transition from the Dash 8 to the ATR
aircraft we are now in a better position to stabilize the schedule
during the Christmas peak, traditionally one of the busiest
periods for us," the report quoted Acting Chief Executive Officer
Julie Reifer-Jones as saying.

"We are determined to get all of our passengers to their
destinations as quickly as possible over the holiday season," Ms.
Reifer-Jones said, adding that the airline was also working with
external agencies "as it endeavors to improve the level of
customer service offered by its employees," the report notes.

The report discloses that Ms. Reifer-Jones said with the Christmas
holidays approaching, LIAT is placing an embargo on excess baggage
from Dec. 3, 2013 to Jan. 14, 2014 indicating that high passenger
loads during the Christmas season as well as the space and weight
limitations of both Dash 8 and ATR aircraft were the key reasons
for a return to the seasonal policy.  Ms. Reifer-Jones said that
in order to make flying as easy as possible, passengers should
adhere to LIAT's baggage limits, the report relays.

As reported in the Troubled Company Reporter-Latin America on
Jan. 3, 2012, Antigua Caribarena related that former Antigua
Aviation Minister Robin Yearwood wants to see a merger between
Leeward Islands Air Transport (LIAT) and the Trinidad and Tobago-
owned Caribbean Airlines Limited, as he believes this is the only
way the Antigua-based regional carrier can survive.  Mr.
Yearwood's call came against the background of media reports out
of Port of Spain that suggested CAL's management may be eyeing
expansion into the OECS territories, according to Antigua
Caribarena.

                            About LIAT

Headquartered in V. C. Bird International Airport in Saint George
Parish, Antigua, Leeward Islands Air Transport, known as LIAT,
operates high-frequency interisland scheduled services serving 22
destinations in the Caribbean.  The airline's main base is VC
Bird International Airport, Antigua and Barbuda, with bases at
Grantley Adams International Airport, Barbados and Piarco
International Airport, Trinidad and Tobago.


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


EDENOR SA: General Extraordinary Meeting Set For December 20
------------------------------------------------------------
EDENOR S.A. delivered to the U.S. Securities and Exchange
Commission: (i) Board of Directors' Meeting's Minutes dated
Nov. 20, 2013, resolving to call a General Extraordinary
Shareholders' Meeting to be held on Friday Dec. 20, 2013, at 11:30
AM, at Ortiz de Ocampo 3302, Building 4, Ground Floor, City of
Buenos Aires; and (ii) copy of the Call to Meeting.  A full-text
copy of the Minutes is available for free at http://is.gd/swZUp4

                         About Edenor SA

Headquartered in Buenos Aires, Argentina, Edenor S.A. (NYSE: EDN;
Buenos Aires Stock Exchange: EDN) is the largest electricity
distribution company in Argentina in terms of number of customers
and electricity sold (both in GWh and Pesos).  Through a
concession, Edenor distributes electricity exclusively to the
northwestern zone of the greater Buenos Aires metropolitan area
and the northern part of the city of Buenos Aires.

Edenor S.A. disclosed a loss of ARS1.01 billion on ARS3.72 billion
of revenue from sales for the year ended Dec. 31, 2012, as
compared with a net loss of ARS291.38 million on ARS2.80 billion
of revenue from sales for the year ended Dec. 31, 2011.

The Company's balance sheet at Sept. 30, 2013, showed ARS 7.72
billion in total assets, ARS 6.50 billion in total liabilities and
ARS 1.21 billion in total equity.


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


ALMITRA LIMITED: Member to Receive Wind-Up Report on Dec. 5
-----------------------------------------------------------
The sole member of Almitra Limited will receive on Dec. 5, 2013,
at 11:00 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Bernard McGrath
          69 Dr. Roy's Drive
          P.O. Box 1043 Grand Cayman KY1-1102
          Cayman Islands
          Telephone: 949 0050
          Facsimile: 949 8062


BIBI INVESTMENTS: Members Receive Wind-Up Report
------------------------------------------------
The members of Bibi Investments Limited received on Nov. 26, 2013,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Buchanan Limited
          P.O. Box 1170 George Town, Grand Cayman
          Cayman Islands KY1-1102


CORNERSTONE PROTECTOR: Shareholder Receives Wind-Up Report
----------------------------------------------------------
The shareholder of Cornerstone Protector Limited received on
Dec. 3, 2013, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Andrea Williams
          c/o UBS Fund Services, PO Box 852
          Grand Cayman KY1 1103
          Cayman Islands
          Telephone: +1 (345) 914 1000
          Facsimile: +1 (345) 914 4060


INTERKRAFT ENERGY: Shareholders Receive Wind-Up Report
------------------------------------------------------
The shareholders of Interkraft Energy Fund Limited received on
Nov. 29, 2013, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Avalon Management Limited
          Landmark Square, 1st Floor 64 Earth Close,
          P.O. Box 715 Grand Cayman KY1-1107
          Cayman Islands
          Facsimile: +1 (345) 769-9351


KGF MANAGEMENT: Shareholder to Receive Wind-Up Report on Dec. 16
----------------------------------------------------------------
The shareholder of KGF Management will receive on Dec. 16, 2013,
at 12:00 noon, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Marla Gibbs
          c/o Arcadia Group Ltd.
          P.O. Box 10300 Grand Cayman KY1-1003
          Cayman Islands
          Telephone: 345 945 1830


KGF SLP: Shareholder Receives Wind-Up Report
--------------------------------------------
The shareholder of KGF SLP received on Nov. 4, 2013, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Marla Gibbs
          c/o Arcadia Group Ltd.
          P.O. Box 10300 Grand Cayman KY1-1003
          Cayman Islands
          Telephone: 345 945 1830


MERGER ARB: Shareholders Receive Wind-Up Report
-----------------------------------------------
The shareholders of Merger ARB Capital received on Nov. 29, 2013,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Rolf Kung
          IFIT Fund Services AG.
          Voltastrasse 61
          P.O. Box 2520 CH-8033 Zurich
          Switzerland
          Tel: +41 44 366 4016
          Fax: +41 44 366 4039
          e-mail: rhk@ifit.net


MORNINGSIDE PARK: Shareholder to Receive Wind-Up Report on Dec. 6
-----------------------------------------------------------------
The shareholder of Morningside Park CLO, Ltd. will receive on
Dec. 6, 2013, at 11:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

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


MSF CAPITAL: Shareholder Receives Wind-Up Report
------------------------------------------------
The shareholder of MSF Capital Offshore Enhanced Fund Ltd.
received on Dec. 2, 2013, the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Admiral Administration Ltd.
          90 Fort Street
          P.O. Box 32021 Grand Cayman Ky1-1208
          Cayman Islands
          c/o Wendy McNamee/Trinda Blackmore
          Telephone: (345) 949 0704


NATASHA HOLDINGS: Shareholders Receive Wind-Up Report
-----------------------------------------------------
The shareholders of Natasha Holdings Limited received on Nov. 25,
2013, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidators are:

          David Egglishaw
          John Cullinane
          Suite #4-210, Governors Square
          Grand Cayman
          Cayman Islands


PRIMO OPTO: Shareholders Receive Wind-Up Report
-----------------------------------------------
The shareholders of Primo Opto Group Limited received on Dec. 2,
2013, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

          Chiu, Chia-Fa
          No. 6 Ziqiang 7th Rd
          Zhongli City, Taoyuan County 320
          Taiwan
          Telephone: 886-3-452-2016
          Facsimile: 886-3-452-2029


TISBURY II: Shareholders Receive Wind-Up Report
-----------------------------------------------
The shareholders of Tisbury II Fund, Ltd received on Nov. 27,
2013, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

          Gerard Griffin
          8 Courtnell Street
          London
          W2 5BX
          United Kingdom


TRITON 100: Shareholder Receives Wind-Up Report
-----------------------------------------------
The shareholder of Triton 100 Ltd. received on Nov. 26, 2013, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Gene Dacosta
          Telephone: (345) 814 7765
          Facsimile: (345) 945 3902
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands


VISIUM LONG: Shareholder Receives Wind-Up Report
------------------------------------------------
The shareholder of Visium Long Bias Offshore Fund Ltd. received on
Nov. 4, 2013, the liquidator's report on the company's wind-up
proceedings and property disposal.

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


WINDMILL CAPITAL: Shareholder Receives Wind-Up Report
-----------------------------------------------------
The shareholder of Windmill Capital LLC received on Dec. 3, 2013,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Andrea Williams
          c/o UBS Fund Services, PO Box 852
          Grand Cayman KY1 1103
          Cayman Islands
          Telephone: +1 (345) 914 1000
          Facsimile: +1 (345) 914 4060


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D O M I N I C A N   R E P U B L I C
===================================


DOMINICAN REPUBLIC: No End in Sight to Country's Blackouts
----------------------------------------------------------
Dominican Today reports that Dominicans who think the power
outages will be resolved anytime soon are in for a letdown:
There's no way for the sector to provide more than 85% of the
average electricity demand before 2016.   The higher generation
costs prevent it, the report relates.

On special dates such as between December 24 to January 1 every
year, Dominican Republic's State-owned Electric Utility (CDEEE)
instructs the energy distributors to provide uninterrupted power
to all circuits, leading to the sector's spiraling losses of
nearly RD$50.0 million, according to Dominican Today.

The report notes that the grid's current configuration, in which
oil accounts for 49% of the generating capacity, boosting the
energy supply automatically, raises the sector's financial
deficit.

The distributors' average cost is US$0.20 per kW, but climbs to
US$0.28 for unscheduled purchases, the report says.

As the electricity supply increases so do the losses because to
get the system at full capacity, the less efficient plants must be
placed on line, but burn diesel, the most expensive fuel, the
report adds.


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J A M A I C A
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JAMAICA URBAN: Crash Victims Reject Four-Part Payment Proposal
--------------------------------------------------------------
Caribbean360.com reports that the victims of an accident in 2010
who were recently awarded a settlement against the state-run
Jamaica Urban Transit Company (JUTC) have rejected a four-part
payment proposal from the bus company, saying they want the money
by the end of this year.

The crash occurred on Oct. 16, 2010 when the JUTC bus, which was
chartered for a church trip, flipped over and fell to the bottom
of a ravine in the northern parish of St Ann, Caribbean360.com
recalls.

Earlier this month the court ordered the JUTC to pay JM$106
million in damages to those who were injured and a statutory
demand was served on JUTC for the money to be paid within 21 days,
according to Caribbean360.com.

In response to the demand, the report notes that Reverend Garnett
Roper, chairman of JUTC, said the company would need more than 21
days to make the payments.  However, the report relates that the
crash victims ruled out that suggestion during a meeting with
their attorney Sean Kinghorn, an associate at Kinghorn & Kinghorn
Attorneys-At-Law.

"I have been instructed to make a counter proposal to the JUTC as
they are not interested and they will not be signing a settlement
agreement because there is already a settlement and they are
requesting that the JUTC pays at least one-half of the debt
outstanding by December 7, and the balance should be paid by the
end of December," the report quoted Mr. Kinghorn as saying.

Mr. Kinghorn, the report notes, added that his clients also
instructed him to defer another 29 petitions which would be used
in winding up the JUTC and selling the assets to make payments to
the victims, in lieu of a response from the bus company.

Mr. Kinghorn also disclosed that his clients rejected a proposal
from the JUTC that they sign a confidentiality agreement before
receiving any payments, the report adds.

             About Jamaica Urban Transit Company

Jamaica Urban Transit Company was established in 1998 to provide
a centrally managed state-of-the-art public bus service.  The
government invested US6 billion aiming to have an efficient
transport system and for the Jamaican people.


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


CL FIN'L: Government Hires Freshfields Bruckhaus & Zolfo Coopers
----------------------------------------------------------------
Michelle Loubon at Trinidad Express reports that the Trinidad and
Tobago government has employed the services of Freshfields
Bruckhaus Deringer and Zolfo Coopers, world-renowned specialists
in law and financial restructuring, to examine the proposals with
respect to Colonial Life Insurance Company Limited's (CLICO).

CLICO is a subsidiary of CL Financial Limited.

Trinidad and Tobago Finance Minister Larry Howai made this
statement in an e-mail in the face of a protest by CLICO and
British American Insurance Company Limited workers over the
formation of Atrius and severance pay.

As reported in the Troubled Company Reporter-Latin America on
Aug. 6, 2013, Caribbean360.com said that over TT$8 billion worth
of CLICO's profitable business will be transferred to Atruis, a
new company that will be owned by the state.

Trinidad Express notes that about 57 CLICO/British American
placard-bearing employees protested on Dec. 1, outside the
Ministry of Finance, Eric Williams Finance Building, Independence
Square, Port of Spain.

The report notes that Vincent Cabrera, president general of the
Banking, Insurance and General Workers' Union (BIGWU), who was at
the protest, accused Minister Howai of "a dereliction of duty"
with regard to the operations of the new corporate entity Atrius.

Mr. Cabrera, the report relates, said there is a board in place
but it has not been operationalized.

Mr. Cabrera Cabrera was joined at the protest by BIGWU CLICO
Branch President Roxanne Cuffy, Education and Research Officer
Alva Alleyne and Assistant General Secretary Hayden Hernandez.

In his e-mail statement, the report relates, Minister Howai said:
"Because of the complexity of the matter, Government has decided
the services of international experts should be introduced to
review the structure of the proposals which had been developed by
the Finance Ministry. The final report has been received and
reviewed by Cabinet.  A number of changes are being negotiated and
finalized with relevant stakeholders."

"While this matter can impact significantly on governments fiscal
position, we must be mindful that the operations of CLICO fall
directly under the supervision of the Central Bank of Trinidad and
Tobago - as per (Section 44) of the Central Bank Act-and the
Ministry of Finance and the Economy is charged more properly with
providing a supportive role in reconciling the matter," Minister
Howai added, the report relays.

                         About CL Financial

CL Financial 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
Aug. 6, 2013, Caribbean360.com said that over TT$8 billion worth
of Colonial Life Insurance Company Limited's (CLICO) profitable
business will be transferred to Atruis, a new company that will be
owned by the state.  CLICO is a subsidiary of CL Financial
Limited.  The Trinidad Express said that the Cabinet approved the
transfer as the Finance and General Purposes Committee continues
to discuss a letter of intent hammered out by the Ministry of
Finance and CL Financial's 400 shareholders, which envisions
taxpayers will recover the more than TT$20 billion Government has
injected since 2009 to keep CL subsidiary CLICO and other
companies afloat, according to Caribbean360.com.

Caribbean360.com noted that CLICO financially caved in on itself
at the end of 2008 after the investment instruments of major
policyholders matured and they wanted hundreds of millions of
dollars they were owed.

Caribbean360.com related that at its annual general meeting in
Sept. 2013, CL Financial shareholders voted to extend the
agreement with Government until August 25, 2014, while Cabinet
decides on a new framework accord to recover the debt owed to
Government through divestment of CL subsidiaries, including
Methanol Holdings, Republic Bank, Angostura Holdings, CL World
Brands and Home Construction Ltd.

Proceeds from the divestment of these assets will go toward
Government's recovery of the billions it pumped into CLICO,
Caribbean360.com said.


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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.


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