TCRLA_Public/140424.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, April 24, 2014, Vol. 15, No. 80


                            Headlines



A R G E N T I N A

BANCO CREDICOOP: Moody's Withdraws Ratings for Business Reasons


B R A Z I L

OGX PETROLEO: Batista Unfazed by Reported Brazil Criminal Probe


C A Y M A N  I S L A N D S

BLUEBONNET IAM: Shareholders' Final Meeting Set for May 12
FH EMERGING: Shareholders' Final Meeting Set for April 29
HUNTLY INVESTMENTS: Shareholder to Hear Wind-Up Report on May 22
MARBLETON HOLDINGS: Shareholder to Hear Wind-Up Report on April 28
NIBIRUTECH LIMITED: Shareholders' Final Meeting Set for May 12

SFC PARTICIPATION: Members' Final Meeting Set for May 8
ST. JAMES'S LIMITED: Shareholder to Hear Wind-Up Report on May 9
ST. JAMES'S MASTER: Shareholder to Hear Wind-Up Report on May 9
SWAN ABSOLUTE: Shareholder to Hear Wind-Up Report on April 28
UPLAND INVESTMENTS: Shareholder to Hear Wind-Up Report on May 23


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Public Debt Tops US$15.8 Billion
XSTRATA PLC: Court Rules Against Planned Mine


P E R U

BANCO DE CREDITO: Fitch Affirms 'BB-' Jr. Subordinated Debt Rating
BANCO INTERNACIONAL: Fitch Affirms 'BB-' Jr. Sub. Debt Rating


                            - - - - -





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

BANCO CREDICOOP: Moody's Withdraws Ratings for Business Reasons
---------------------------------------------------------------
Moody's Latin America Agente de Calificacion de Riesgo announced
that it has withdrawn all of its ratings for Banco Credicoop
Cooperativo Limitado for business reasons.

The following ratings of Banco Credicoop Cooperativo Limitado were
withdrawn:

Bank Financial Strength Rating: E, stable outlook

Long- and short-term global local-currency deposits: Caa1/Not
Prime, stable outlook

Long- and short-term foreign-currency deposits: Caa2/Not Prime,
stable outlook

Long-term National Scale local-currency deposit rating: Ba1.ar,
stable outlook

Long-term National Scale foreign-currency deposit rating: B1.ar,
stable outlook

Ratings Rationale

Moody's has withdrawn the rating for its own business reasons.

The principal methodology used in this rating was Global Banks
published in May 2013.

Credicoop Cooperativo Limitado is headquartered in Buenos Aires,
Argentina, and as of December 2013 it had $5.1 billion in assets
and $400 million in equity.


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B R A Z I L
===========


OGX PETROLEO: Batista Unfazed by Reported Brazil Criminal Probe
---------------------------------------------------------------
Luciana Magalhaes at Daily Bankruptcy Review reports that
Brazilian entrepreneur Eike Batista said he isn't concerned about
a reported criminal investigation into the collapse of his once-
highflying oil company.

"It's excellent that everything get clarified," Mr. Batista said
in a telephone interview with the news agency.   "I'm very calm.
Let them investigate," Mr. Batista added, according to Daily
Bankruptcy Review.

As reported in the Troubled Company Reporter-Latin America on
April 23, 2014, Reuters said that Brazil's federal police have
opened an investigation into former billionaire Eike Batista for
financial crimes, including insider trading, manipulation of
markets and money laundering, Brazilian media reported.

If the police probe leads to criminal charges against Mr. Batista,
it would be yet another major blow for a businessman once hailed
as Brazil's model entrepreneur and symbol of its economic success,
according to Reuters.

Mr. Batista's EBX oil, mining and logistics empire, which two
years ago was valued at US$60 billion, collapsed last year in a
mountain of debt and massive filings for bankruptcy protection,
Reuters noted.

Brazil's securities commission, CVM, announced that Mr. Batista
was under investigation for insider trading as chairman of his
now-bankrupt oil-producing company Oleo and Gas Participacoes SA,
formerly known as OGX, and its sister company, shipbuilder OSX
Brasil SA, Reuters disclosed.

The police probe will focus on the sale of shares last year in oil
producer OGX before the company informed the market that much of
its reserves were not commercially viable, Folha de S. Paulo
newspaper said, Reuters related.

Based in Rio de Janeiro, Brazil, OGX Petroleo e Gas Participacoes
S.A., now known as Oleo e Gas, is an independent exploration and
production company with operations in Latin America.

OGX filed for bankruptcy in a business tribunal in Rio de Janeiro
on Oct. 30, 2013, case number 0377620-56.2013.8.19.0001.  The
bankruptcy filing puts $3.6 billion of dollar bonds into default
in the largest corporate debt debacle on record in Latin America.
The filing by the oil company that transformed Eike Batista into
Brazil's richest man followed a 16-month decline that wiped out
more than $30 billion of his personal fortune.

The filing, which in Brazil is called a judicial recovery, follows
months of negotiations to restructure the dollar bonds, in which
OGX sought to convert debt to equity and secure as much as $500
million in new funds. OGX said Oct. 29 that the talks concluded
without an agreement. The company's cash fell to about $82 million
at the end of September, not enough to sustain operations further
than December.


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


BLUEBONNET IAM: Shareholders' Final Meeting Set for May 12
----------------------------------------------------------
The shareholders of Bluebonnet IAM Limited will hold their final
meeting on May 12, 2014, at 9:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Mufeed Rajab
          c/o Patricia Tricarico
          Telephone: (345) 949 5122
          Facsimile: (345) 949 7920
          P.O. Box 1111 Grand Cayman KY1-1102
          Cayman Islands


FH EMERGING: Shareholders' Final Meeting Set for April 29
---------------------------------------------------------
The shareholders of FH Emerging Markets Short Term Debt Fund, Ltd
will hold their final meeting on April 29, 2014, at 9:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Mourant Ozannes Cayman Liquidators Limited
          94 Solaris Avenue, Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands


HUNTLY INVESTMENTS: Shareholder to Hear Wind-Up Report on May 22
----------------------------------------------------------------
The shareholder of Huntly Investments Limited will hear on May 22,
2014, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

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


MARBLETON HOLDINGS: Shareholder to Hear Wind-Up Report on April 28
------------------------------------------------------------------
The shareholder of Marbleton Holdings Company Limited will hear on
April 28, 2014, at 8:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

           Pavel Nazariyan
           3 Boulevard du Prince Henri
           L-1724, Luxemburg
           Telephone: 011-352-2647-0623


NIBIRUTECH LIMITED: Shareholders' Final Meeting Set for May 12
--------------------------------------------------------------
The shareholders of Nibirutech Limited will hold their final
meeting on May 12, 2014, at 11:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Maricorp Services Ltd.
          c/o Roger L. Nelson
          Telephone: 345-949-9710
          P.O. Box 2075, Grand Cayman KY1-1105,
          Cayman Islands


SFC PARTICIPATION: Members' Final Meeting Set for May 8
-------------------------------------------------------
The members of SFC Participation Company will hold their final
meeting on May 8, 2014, at 10:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Nathan Smith
          69 Dr. Roy's Drive
          PO Box 1043, George Town Grand Cayman KY1 - 1102
          Cayman Islands


ST. JAMES'S LIMITED: Shareholder to Hear Wind-Up Report on May 9
----------------------------------------------------------------
The shareholder of St. James's Limited will hear on May 9, 2014,
at 10:30 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Ogier
          c/o Piers Dryden
          Telephone: (345) 815 1842
          Facsimile: (345) 949-9877


ST. JAMES'S MASTER: Shareholder to Hear Wind-Up Report on May 9
---------------------------------------------------------------
The shareholder of St. James's Master Fund Limited will hear on
May 9, 2014, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Ogier
          c/o Piers Dryden
          Telephone: (345) 815 1842
          Facsimile: (345) 949-9877


SWAN ABSOLUTE: Shareholder to Hear Wind-Up Report on April 28
-------------------------------------------------------------
The shareholder of Swan Absolute Return Fund Limited will hear on
April 28, 2014, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

           Consuelo Nardon
           c/o Arcari Fund Solutions BV
           Suikersilo-Oost 21
           1165 MS Halfweg
           The Netherlands
           Telephone: +3 (188) 146 0100


UPLAND INVESTMENTS: Shareholder to Hear Wind-Up Report on May 23
----------------------------------------------------------------
The shareholder of Upland Investments will hear on May 23, 2014,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


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


DOMINICAN REPUBLIC: Public Debt Tops US$15.8 Billion
----------------------------------------------------
Dominican Today reports that Dominican Republic's December 31,
2013 public sector debt topped US$15.89 billion, or 26.2% of GDP,
says the Central Bank's final report on the economy in 2013 quoted
by diariolibre.com.do.

The external debt jumped by US$2.0 billion during the past year
compared with December 2012, according to Dominican Today.

The report relates that the consolidated amount of external debt,
US$14,919.3 million (24.6% of GDP) correspond to the non-financial
public sector, while the remaining US$972.9 million (1.6% of GDP)
correspond to the Central Bank's external debt.

The Central Bank debt topped US$1.02 billion to December 2012,
falling 4.2%by yearend 2013, the report notes.


XSTRATA PLC: Court Rules Against Planned Mine
---------------------------------------------
Dominican Today reports that the Superior Administrative Court
(TSA) issued an injunction against Xstrata Nickel Falcondo's
mining project at Loma Miranda, the Canadian company's second
legal setback in as many months.

The judge ruled for the Justice and Transparency Foundation and
several minority political parties which challenge the project and
comes in the heels of a visit to the site by the Senate Committee
that studies a bill to convert Loma Miranda into a protected area,
according to Dominican Today.

The ruling by judges Federico Fernandez, Mildred Hernandez and
Rafael Ciprian is also against the Mining Agency's request to
reject the motion, the report notes.

The court said Falcondo's project would require environmental
protection for mining's often devastating effects, "as has been
tried and binding by the Constitutional Court," the report
relates.

As reported in the Troubled Company Reporter-Latin America on
Jan. 22, 2014, Dominican Today said that Chief Executive Officer
of Xstrata PLC's Falcondo reiterated that the company's presence
in the country depends on a long term mining, with cheap
electricity available, to produce and compete in world markets.
David Soares said they pin their hopes of extracting nickel at the
controversial site of Loma Miranda, between La Vega and Bonao
(central), for which they expect to get the mining permit,
according to Dominican Today.  But environmental and civil society
groups could keep them from carrying out the project, after the
Chamber of Deputies agreed with the protesters and passed a bill
which declares Loma Miranda a protected area, arguing that much of
the Cibao region's (north) water depends on it, the report
related.

Xstrata PLC is the operator of Falconbridge Dominicana, C. por A.
("Falcondo") with an 85.26% ownership.  Falcondo is a ferronickel
surface mining operation located in the Dominican Republic with
operations dating since 1971.

Headquartered in Zug, Switzerland, Xstrata PLC is a major producer
of coal, copper, nickel, primary vanadium and zinc and the largest
producer of ferrochrome.


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P E R U
=======


BANCO DE CREDITO: Fitch Affirms 'BB-' Jr. Subordinated Debt Rating
------------------------------------------------------------------
Fitch Ratings has affirmed Banco de Credito del Peru S.A.'s (BCP)
viability (VR) and Issuer Default Ratings (IDR) at 'bbb+' and
'BBB+', respectively.  A full list of rating actions follows at
the end of this press release.

Key Rating Drivers VR, IDRs And Senior Debt

BCP's, VR IDR and senior debt ratings are driven by its leading
franchise; consistent, sound performance; diversified balance
sheet and revenues; strong asset quality; adequate capital and
reserve cushions; broad, low cost deposit base; positive operating
and regulatory environment; ample liquidity; and moderate
efficiency.

BCP has long had the country's largest branch/ ATM network and
customer base.  Boasting a dominant franchise, BCP offers a wide
array of banking products and has achieved leading market shares
in almost all segments.

BCP shows a strong and consistent performance based on strong
earnings generation, adequate cost control and adroit risk
management.  BCP's strong profitability reflects the bank's
positive environment, strong franchise, and focused management.
BCP is well diversified on both sides of the balance sheet and has
a stable, recurrent, diversified revenue stream proper of a
leading domestic commercial bank.  Future expansion into retail
lending, as well as the integration of Mibanco, should further
diversify revenues and balance sheet.

Asset quality remains very strong in spite of a slight increase in
past-due loans (PDLs) this reflects its well-diversified
portfolio, sound risk management, and proactive remedial action,
as well as the positive economic background.

BCP's core capital continues to compare well with that of its
peers. Sustained profitability and earnings retention underpin
BCP's capital which should be viewed in the light of its ample
reserve coverage, sound profitability, and robust asset quality.
The bank's franchise and strong perception as a safe haven have
allowed it to build, maintain, and grow a wide and low-cost
deposit base.  This is one of the bank's key strengths as it
provides stability to its balance sheet and underpins its margins.
Peru's economy shows strong growth momentum based on sound macro
fundamentals.  In addition, a proactive regulator, eager to take
the lead and apply pre-emptive remedies, has created a strong
regulatory environment.

BCP has a quite liquid balance sheet and robust asset and
liability management processes.  In addition, the bank has ample
access to local and international capital markets which it taps
regularly to fund growth and manage its liabilities.

Given its sizable network and relatively low-risk (i.e. moderate
margin) loan portfolio, BCP's efficiency lags behind its peers.
Growth weighs on operating expenses but should, over time,
contribute to improve efficiency by deepening customer penetration
and cross-selling.

The Stable Outlook reflects Fitch's belief that the bank's strong
balance sheet and performance are resilient to eventual downturns
and even though some credit metrics may see a slight
deterioration, they are likely to remain compatible with its
current rating.

Support Rating And Support Rating Floor

BCP's 30% market share in deposits and its outsize presence in all
business segments make it a crucial part of Peru's financial
sector.  Support from the government should be forthcoming in case
of need; Peru's ability to provide such support is reflect in its
Sovereign Rating ('BBB+/A-') and underpins BCP's Support and
Support Rating Floor ratings.

Subordinated Debt And Other Hybrid Securities

BCP's subordinated bonds are plain vanilla and lack the features
that would earn them equity credit following Fitch's criteria.  In
Fitch's opinion, their probability of non-performance is
equivalent to that of BCP's senior bonds but, they would entail a
higher loss in case of default due to their subordinated nature.
Hence, they are rated only one notch below the bank's VR.
BCP's junior subordinated bonds, rated five notches below the
bank's VR, have very strong equity-like features including the
non-cumulative deferral of the coupons and a deeper subordination.
This notching reflects the incremental non-performance risk
relative to that captured by the VR and the loss severity (two
notches) given its deeper subordination.

BCP EMISIONES LATAM 1
BCP Emisiones Latam 1 (BCPEL1) is a special purpose vehicle
incorporated in Chile with the sole purpose of issuing local bonds
guaranteed by promissory notes from BCP. Hence, BCPEL1's bond
ratings are tied to BCP's VR.

Rating Sensitivities
VR, IDRs And Senior Debt

Sustained Financial Strength: BCP's VR and IDRs are highly
correlated with the strength of the Peruvian economy; should the
economic environment continue to improve, as is reflected in its
sovereign ratings, and the bank maintain a consistent performance
and its structural strengths, BCP's ratings could be upgraded.
Significantly Weaker Performance: Though not Fitch's base case,
BCP's VR and IDRs could suffer if operating environment
deterioration materially affects the bank's asset quality and
performance to levels worse than the market average, and leads to
an erosion of the bank's reserve and capital cushions (FCC below
10% and or Operating ROAA below 1%).

Support Rating And Support Rating Floor

BCP's SR and SRF could be affected if Fitch changes its view of
Peru's ability or willingness to support the bank.

Subordinated Debt And Other Hybrid Securities

The Subordinated and Junior Subordinated debt ratings would move
in line with BCP's VR.

BCP Emisiones Latam 1
BCPEL1's bond ratings would move in line with BCP's VR.

Fitch affirms BCP's ratings as follows:
--Long-term foreign currency IDR at 'BBB+', Stable Outlook;
--Short-term foreign currency IDR at 'F2';
--Long-term local currency IDR at 'BBB+', Stable Outlook;
--Short-term local currency IDR at 'F2';
--Viability rating at 'bbb+';
--Support rating '2';
--Support floor at 'BBB-';
--Senior unsecured debt at 'BBB+';
--Subordinated debt at 'BBB';
--Junior subordinated debt at 'BB-'.
In addition, Fitch has affirmed the following rating for BCP
Emisiones Latam 1 S.A.:

--Senior unsecured notes at 'AA(cl)'.


BANCO INTERNACIONAL: Fitch Affirms 'BB-' Jr. Sub. Debt Rating
-------------------------------------------------------------
Fitch Ratings has affirmed Banco Internacional del Peru S.A.A.'s
(Interbank) viability (VR) and Issuer Default Ratings (IDR) at
'bbb' and 'BBB', respectively.  A full list of rating actions
follows at the end of this press release.

Key Rating Drivers
VR, IDRs And Senior Debt

Interbank's VR IDR and senior debt ratings are driven by its
consistent, strong performance; robust credit process; solid asset
quality; sound franchise; adequate capital; positive economic and
regulatory environment; and improving funding base.  The ratings
also consider the fierce competition the bank faces and its
limited margin growth potential.

Interbank's performance over the past few years has been
consistently strong driven by loan growth, high margins, adequate
expense control and moderate credit costs.

Interbank has developed information-intensive credit scoring
models and modern monitoring tools.  Credit origination policies
are conservative and collection efforts effective.  A sound risk
management team helps maintain very good asset quality.  Past-due
loans (15- or 30-day PDLs for most products) stood at 1.75% at
YE13.

The bank has built an efficient retail franchise and positioned
itself as a top contender in most retail products.  Moreover, the
bank has not neglected its corporate business, which appears well-
focused and competitive, bringing balance and diversification to
Interbank's balance sheet and revenue stream.

Besides consistently retaining 55% of its net income, the bank
maintains ample reserve coverage thus creating a strong capital/
reserves cushion against unexpected losses.  Along with its strong
profitability, this allows Interbank to confidently face an
eventual downturn.

Peru's economy shows strong growth momentum based on sound macro
fundamentals.  In addition, a proactive regulator has created a
strong regulatory environment that fosters cautious credit
policies.  Competition and government's efforts to tame growth and
curb inflation keep margins below pre-crisis levels.  Interbank
seeks to underpin its margins and bottom line by cross-selling its
existing customers and seeking operating efficiency.

Interbank does not have as diversified a deposit base as its
larger competitors but has made significant efforts to widen its
deposits base and change its structure.  Funding costs have
declined as demand deposits increased; in addition, the bank has
reversed the growing trend in its institutional funding while
remaining an active issuer in capital markets.

Larger financial institutions and smaller, specialized and quite
aggressive banks and consumer finance companies have somewhat
curbed margin growth.  Competition in this high growth market has
heightened, and Interbank competes without compromising its credit
criteria.  Growth potential remains sound due to Peru's still low
banking penetration.

The Stable Outlook reflects Fitch's belief that the bank's strong
performance and margins are resilient to eventual downturns and
even though some credit metrics may see a slight deterioration,
they are likely to remain compatible with its current rating.

Support Rating And Support Rating Floor

Interbank has a 11.5% market share in deposits and a sizable
presence in all business segments.  Support from the government
should be forthcoming in case of need; Peru's ability to provide
such support is reflect in its Sovereign Rating ('BBB+/A-') and
underpins Interbank's Support and Support Rating Floor ratings.

Subordinated Debt And Other Hybrid Securities

Interbank's subordinated bonds are plain vanilla and lack the
features that would earn them equity credit following Fitch's
criteria.  In Fitch's opinion, their probability of non-
performance is equivalent to that of Interbank's senior bonds but,
they would entail a higher loss in case of default due to their
subordinated nature. Hence, they are rated only one notch below
the bank's VR.

Interbank's junior subordinated bonds, rated four notches below
the bank's VR, have strong equity-like features including the non-
cumulative deferral of the coupons and a deeper subordination.
This notching reflects the incremental non-performance risk
relative to that captured by the VR and the loss severity (two
notches) given its deeper subordination.

Rating Sensitivities
VR, IDRs And Senior Debt

Improvements in the bank's ratings are dependent on its ability to
sustain its performance metrics without sacrificing its balance
sheet strength.  The ratings could benefit from more diversified
funding sources, while continuing to produce adequate
profitability (ROAA above 1.6%) and maintaining PDLs below 3% and
Fitch Core Capital above 10%.

On the other hand, Interbank's ratings could be downgraded if a
severe decline in asset quality (PDLs above 4%) or weak
profitability erode its capital (FCC below 9%) and reserve
cushion.

Support Rating And Support Rating Floor

Interbank's SR and SRF could be affected if Fitch changes its view
of Peru's ability or willingness to support the bank.

Subordinated Debt And Other Hybrid Securities

The Subordinated and Junior Subordinated debt ratings would move
in line with Interbank's VR.

Fitch affirms Interbank's ratings as follows:
--Long-term foreign currency IDR at 'BBB', Stable Outlook;
--Short-term foreign currency IDR at 'F2';
--Long-term local currency IDR at 'BBB', Stable Outlook;
--Short-term local currency IDR at 'F2';
--Viability rating at 'bbb';
--Support rating '3';
--Support floor at 'BB+';
--Senior unsecured debt at 'BBB';
--Subordinated debt at 'BBB-';
--Junior subordinated debt at 'BB-'.


                            ***********


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.

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, and Peter A.
Chapman, Editors.

Copyright 2014.  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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