TCRLA_Public/140915.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, September 15, 2014, Vol. 15, No. 182


                            Headlines



A N T I G U A  &  B A R B U D A

NATIONAL SCHOOL MEALS: To Cut Jobs to Curtail Operating Costs
NUTRIMEDICS SPECIALIST: Clinic to Close, Cuts 2 Jobs


A R G E N T I N A

ARGENTINA: Senate Passes Bond End Run Around US Courts
ARGENTINA: ISDA Auction Sets Price on Credit Default Swaps
BUENOS AIRES: Moody's Assigns Caa1 Rating on USD140MM Notes Issue


B R A Z I L

* BRAZIL: State of Sao Paulo to Get US$480MM to Upgrade Highways


C A Y M A N  I S L A N D S

CRESSINGTON LIMITED: Member to Hear Wind-Up Report on Sept. 30
CRYSTAL SANDS: Shareholder to Receive Wind-Up Report on Oct. 6
FAIRCHILD ADVISORS: Members' Final Meeting Set for Sept. 16
HENDON INVESTMENTS: Shareholder Receives Wind-Up Report
KF-AIF CORE: Shareholder to Receive Wind-Up Report on Sept. 17

LDK SOLAR: Files Schemes of Arrangement in Hong Kong
QUANTIK FUND: Members' Final Meeting Set for Sept. 23
QUANTIK MASTER: Members' Final Meeting Set for Sept. 23
SIPIX TECHNOLOGY: Members' Final Meeting Set for Sept. 30
VARNA OFFSHORE: Shareholder to Receive Wind-Up Report on Sept. 25

WOOD FUND: Members' Final Meeting Set for Sept. 15


C H I L E

INVERSIONES ALSACIA: Moody's Confirms Caa3 Senior Secured Rating


D O M I N I C A N   R E P U B L I C

CAP CANA: Could Submit New Restructuring Offer to Bondholders


H O N D U R A S

* HONDURAS: IMF Mission Concludes Visit to Country


M E X I C O

CEMEX SAB: EU Approves Deal With Holcim Cement in Spain


V I R G I N   I S L A N D S

SUNTECH POWER: Singapore Unit Barred From Selling Assets


X X X X X X X X X

* BOND PRICING: For the Week From September 8 to Sept. 12, 2014


                            - - - - -


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


NATIONAL SCHOOL MEALS: To Cut Jobs to Curtail Operating Costs
-------------------------------------------------------------
Theresa Gordon at The Antigua Observer reports that some of the
almost 100 workers employed by the National School Meals may soon
receive walking papers as government mulls ways to curtail the
costs of operating the program.

Chief Executive Officer and Operations Manager Samuel Spencer told
The Antigua Observer that job cuts will be made across the board
from management to line staff.  However, Mr. Spencer did not
reveal how many workers would be placed on the breadline, or when
the measure will come into effect, the report notes.

"Over the years, it was felt that the school meals programme was
heavily staffed and that we could be as efficient as we could be
with fewer personnel," the report quoted Mr. Spencer as saying.
"It's a case where we have to move towards trimming as far as the
staff is concerned and in all areas from the top down," Mr.
Spencer added.

The report notes that the reduction, coupled with a review of
items on the menu, transportation, and equipment, is among
measures Mr. Spencer said, that would be taken to increase
efficiency.

"When we look at the bind that we have found ourselves in
financially, it was only prudent that some changes were brought
about and these changes we are working on them immediately," Mr.
Spencer said, the report relays.

The announcement came a day after the operations manager said the
management team has made a recommendation for parents to provide
drinking water for children, as the program could no longer afford
to do so, the report discloses.

Mr. Spencer, at that time said over EC$600,000 annually was being
spent on drinking water and the practice would be discontinued as
of September 8 when the feeding program resumes in the 23
government primary and three pre-schools it serves, the report
notes.

As it relates to the menu, Mr. Spencer said "minor" changes will
be made but "nothing to compromise the nutritional value" of the
meals offered to students, the report adds.


NUTRIMEDICS SPECIALIST: Clinic to Close, Cuts 2 Jobs
----------------------------------------------------
Theresa Gordon at The Daily Observer reports that the Nutrimedics
Specialist Clinic founded and operated by the late Dr. Michael
Makinde will close its doors shortly, family members have said.

Dr. Makinde's nephew, Owalabi Elabanjo said the business, located
in Gambles Terrace, will be closed and the two people employed
there will be severed, according to The Daily Observer.

"It is not a business that someone can take over like that.  You
have to be well trained in nutritional medicine.  We can't just go
and mix things and tell a patient to drink that.  It is a
difficult area of medicine," the report quoted Mr. Elabanjo as
saying.

The report note that the senior extension officer in the Ministry
of Agriculture is hoping local Antiguans will seek training in the
area of clinical psychology in the near future to carry on the
work of the former clinical nutritionist and food scientist.

The medical facility, opened in the 1980s, offered bio-oxidative
therapy-oxygen bath for the treatment and maintenance of any
disease or disorder; Chelation therapy, using national plant
extracts to draw toxins from the body; Enzymatic-using plant
enzyme extracts for the treatment of many disease/disorders; and
Nutritional therapy, which is clinically designed to heal
disease/disorders.

The clinic also offered orthomolecular therapy which is the
advance use of vitamins, minerals, and trace elements molecules
for the treatment of diseases or disorders.

Professor Michael Makinde, the 72-year-old Nigerian native died on
August 31, of what family members believed was complications from
high blood pressure and brain damage.


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


ARGENTINA: Senate Passes Bond End Run Around US Courts
------------------------------------------------------
Stewart Bishop at Law360.com reports that Argentina's Senate on
Sept. 4, 2014, passed a bill authorizing its government to bypass
U.S. courts and pay its bondholders through local channels, in
response to judicial orders blocking the payments to bondholders
who agreed to restructurings unless holdout hedge funds are also
paid.

Following a 39-27 vote, with two abstentions, the proposal from
Argentine President Cristina Fernandez now heads to Argentina's
lower legislative body, the Chamber of Deputies, where Fernandez's
Front for Victory party holds a majority, and passage is expected,
according to Law360.com.

The report notes that the plan would allow the country to pay its
bondholders who agreed to debt restructurings in 2005 and 2010
through local channels, and would make payments to the holdouts
demanding full repayment under the same terms agreed to by the so-
called exchange bondholders.  The bill also leaves open the
possibility that the debt may be repaid under French jurisdiction,
the report discloses.

Law360.com says that the proposal would authorize Argentina's
economic minister to take steps to remove the Bank of New York
Mellon as the bonds' trustee, with bond payments being made
through state-backed Banco de la Nacion Argentina instead.

The report discloses that Argentine Cabinet Chief Jorge Capitanich
cast its fight with hedge funds, which include Elliott Management
Corp.-controlled NML Capital Ltd. and affiliates of Aurelius
Capital Management LP, as a defense of Argentina's sovereignty.

Law360.com relays that U.S. District Judge Thomas Griesa has
sharply criticized the legislative proposal as illegal, but so far
has declined to hold Argentina in contempt, saying it would not
push the parties any closer to a settlement.

The hedge funds - derided in public statements by Argentina as
"vultures" - bought Argentine sovereign debt at a discount after
the country defaulted on US$100 billion in bonds in 2001, the
report notes.  The funds refused to swap them out in
restructurings in 2005 and 2010, instead suing in the U.S. for
full repayment, the report relates.

The report discloses that Judge Griesa has said Argentina can't
pay bondholders that agreed to debt restructurings unless it also
makes a ratable payment to the "holdout" hedge funds.  The Second
Circuit upheld that finding, and the U.S. Supreme Court declined
to take up Argentina's appeal, the report notes.

Law360.com relates that Argentina fell into default on July 30
after Judge Griesa blocked a US$539 million bond payment.
However, the nation has denied being in default, saying that
because it deposited the interest payment with BNY, its
obligations were fulfilled, the report notes.  That view is not
widely shared, as all three big credit ratings agencies -- Moody's
Investor's Service Inc., Standard & Poor's Financial Services LLC
and Fitch Group Inc. -- have declared Argentina to be in default
and downgraded their outlooks on the country's debt accordingly,
the report relays.

Daniel A. Pollack -- dpollack@mccarter.com -- of McCarter &
English LLP has been appointed to oversee settlement talks between
Argentina and the holdouts, but the parties have been unable to
reach a deal so far, the report notes.

The report recalls that the country said BNY was no longer welcome
to operate there as hedge funds backed by George Soros and others
sued the bank over its blocking of the US$539 million bond
payment.

Soros' Quantum Partners LP, J. Kyle Bass' Hayman Capital Master
Fund LP and two other funds sued BNY in London's Chancery Court
over the bank's court-ordered block of the July interest payment,
of which EUR225.8 million (US$292 million) was destined for
holders of Argentina's euro-denominated bonds.

                         *     *     *

The Troubled Company Reporter-Latin America, on Aug. 1, 2014,
reported that Argentina defaulted on some of its debt late July 30
after expiration of a 30-day grace period on a US$539 million
interest payment.  Earlier that day, talks with a court-
appointed mediator ended without resolving a standoff between the
country and a group of hedge funds seeking full payment on bonds
that the country had defaulted on in 2001.  A U.S. judge had ruled
that the interest payment couldn't be made unless the hedge funds
led by Elliott Management Corp., got the US$1.5 billion they
claimed.  The country hasn't been able to access international
credit markets since its US$95 billion default 13 years ago.
- Hide quoted text -

As a result, reported the TCR-LA on Aug. 1, Standard & Poor's
Ratings Services lowered its unsolicited long-and short-term
foreign currency sovereign credit ratings on the Republic of
Argentina to selective default ('SD') from 'CCC-/C'.

The TCR-LA, on Aug. 4, 2014, also reported that Fitch Ratings
downgraded Argentina's Foreign Currency Issuer Default Rating
(IDR) to 'RD' from 'CC', and its Short-Term Foreign Currency
Issuer Default Rating to 'RD' from 'C'.

Meanwhile, Moody's Investors Service affirmed Argentina's Caa1
issuer rating, which also applies to domestic law bonds, confirmed
the (P)Caa2 rating for its foreign law bonds, and affirmed the Ca
rating on the original defaulted bonds. The long-term issuer
rating was placed on negative outlook, reported the TCR-LA on Aug.
5, 2014.

On Aug. 8, 2014, the TCR-LA reported that Moody's Latin America
Agente de Calificacion de Riesgo affirmed the deposit, debt,
issuer and corporate family ratings on Argentina's banks and
financial institutions, both on the global and national scales.
The outlook on these ratings has been changed to negative from
stable. At the same time, the rating agency has affirmed the
banks' Caa2 foreign-currency deposit ratings and Not-
Prime short-term ratings. The banks' standalone E financial
strength ratings corresponding to caa1 baseline credit assessments
(BCA) have also been affirmed.

The TCR-LA, On Aug. 6, 2014, also reported that DBRS Inc. has
downgraded Argentina's long-term foreign currency issuer rating
from CC to Selective Default (SD).  The short-term foreign
currency rating has been downgraded to Default (D), from R-5.  The
long-term and short-term local currency issuer ratings have been
confirmed at B (low) and R-5, respectively.  The trend on the
long-term local currency rating is Negative, and the trend on the
short-term local currency rating is Stable.


ARGENTINA: ISDA Auction Sets Price on Credit Default Swaps
----------------------------------------------------------
Jamie Santo at Law360.com reports that the International Swaps and
Derivatives Association announced the completion of an auction to
settle credit default swaps referencing Argentine debt, with the
results leaving CDS sellers on the hook to pay more than 60 cents
on the dollar for approximately US$1 billion in wagers.

The auction, administered by Markit Group Ltd. and Creditex Group
Ltd., set a final price of 39.5 on the Argentine debt, meaning CDS
sellers will have to pay 60.5 percent on wagers made by investors
who hedged against Argentina's sovereign debt default, according
to Law360.com.  Auction participants established an initial market
midpoint of 40.25, according to results posted by Markit and
Creditex, Law360.com notes.

The report notes that the ISDA's Americas Credit Derivatives
Determinations Committee unanimously determined Aug. 1 that
Argentina's failure to pay bondholders constituted a "credit
event," putting the South American nation in default and
triggering CDS linked to its bonds.

The default occurred July 30, the deadline for the South American
nation to make a US$539 interest payment on its restructured
bonds, the report relates.

The ISDA's determination committee said last month that the
auction would only cover CDS related to 11 Argentine debt issues
with maturities in 2017, 2033 and 2038, the report notes.  An ISDA
spokeswoman stated previously that the CDS sellers' total net
exposure is about US$1 billion, the report relates.

Prior to the ISDA's "credit event" determination, Argentine
officials placed the blame for its second default in 13 years on
the U.S., leading U.S. District Judge Thomas P. Griesa on Aug. 1
to chastise the nation's officials for spreading what he said were
half-truths, the report discloses.

The default came after talks between Argentina and hedge funds
including NML Capital Ltd., a unit of Paul Singer's Elliott
Management Corp., and affiliates of Aurelius Capital Management LP
broke down July 30, the last day Argentina had to make a timely
payment to the so-called exchange bondholders who accepted deep
cuts after the country first defaulted on US$100 billion in bonds
in the early 2000s, Law360.com relays.

Judge Griesa has ruled that Argentina can't pay the exchange
bondholders unless it also makes a ratable payment to the holdout
hedge funds that bought Argentine sovereign debt at a discount
after the country's 2001 default, Law360.com discloses.  That
ruling was upheld by the Second Circuit, and the U.S. Supreme
Court has declined to hear Argentina's appeal, the report notes.

Argentina has tried to make payments to the exchange bondholders
to the exclusion of the holdout funds, which the country routinely
denounces as vultures, but those have been blocked by Judge
Griesa, who said that payments cannot be made piecemeal,
Law360.com notes.

The judge in June halted US$539 million worth of payments that the
country had already sent to the U.S. bank intermediary, the Bank
of New York Mellon Corp, the report notes.

On Aug. 21, Judge Griesa lambasted a plan by Argentina to pay
holders of its sovereign debt beyond the reach of U.S. courts but
stopped short of holding the country in contempt, the report
recalls.

Law360.com says that the judge sharply criticized a legislative
proposal unveiled by Argentine President Cristina Fernandez on
Aug. 19 that would authorize the country to pay bondholders who
agreed to debt restructurings in 2005 and 2010 through local
channels, while potentially removing the Bank of New York Mellon
Corp. as the bonds' trustee.

The report notes that Argentina declared Aug. 26 that BNY was no
longer welcome to operate in the country as Cabinet Chief Jorge
Capitanich said the bank had breached its contract as the bonds'
trustee and reiterated that Argentina will attempt to remove it
from the role, to be replaced by the nation's central bank.

                         *     *     *

The Troubled Company Reporter-Latin America, on Aug. 1, 2014,
reported that Argentina defaulted on some of its debt late July 30
after expiration of a 30-day grace period on a US$539 million
interest payment.  Earlier that day, talks with a court-
appointed mediator ended without resolving a standoff between the
country and a group of hedge funds seeking full payment on bonds
that the country had defaulted on in 2001.  A U.S. judge had ruled
that the interest payment couldn't be made unless the hedge funds
led by Elliott Management Corp., got the US$1.5 billion they
claimed.  The country hasn't been able to access international
credit markets since its US$95 billion default 13 years ago.
- Hide quoted text -

As a result, reported the TCR-LA on Aug. 1, Standard & Poor's
Ratings Services lowered its unsolicited long-and short-term
foreign currency sovereign credit ratings on the Republic of
Argentina to selective default ('SD') from 'CCC-/C'.

The TCR-LA, on Aug. 4, 2014, also reported that Fitch Ratings
downgraded Argentina's Foreign Currency Issuer Default Rating
(IDR) to 'RD' from 'CC', and its Short-Term Foreign Currency
Issuer Default Rating to 'RD' from 'C'.

Meanwhile, Moody's Investors Service affirmed Argentina's Caa1
issuer rating, which also applies to domestic law bonds, confirmed
the (P)Caa2 rating for its foreign law bonds, and affirmed the Ca
rating on the original defaulted bonds. The long-term issuer
rating was placed on negative outlook, reported the TCR-LA on Aug.
5, 2014.

On Aug. 8, 2014, the TCR-LA reported that Moody's Latin America
Agente de Calificacion de Riesgo affirmed the deposit, debt,
issuer and corporate family ratings on Argentina's banks and
financial institutions, both on the global and national scales.
The outlook on these ratings has been changed to negative from
stable. At the same time, the rating agency has affirmed the
banks' Caa2 foreign-currency deposit ratings and Not-
Prime short-term ratings. The banks' standalone E financial
strength ratings corresponding to caa1 baseline credit assessments
(BCA) have also been affirmed.

The TCR-LA, On Aug. 6, 2014, also reported that DBRS Inc. has
downgraded Argentina's long-term foreign currency issuer rating
from CC to Selective Default (SD).  The short-term foreign
currency rating has been downgraded to Default (D), from R-5.  The
long-term and short-term local currency issuer ratings have been
confirmed at B (low) and R-5, respectively.  The trend on the
long-term local currency rating is Negative, and the trend on the
short-term local currency rating is Stable.


BUENOS AIRES: Moody's Assigns Caa1 Rating on USD140MM Notes Issue
-----------------------------------------------------------------
Moody's Latin America Agente de Calificacion de Riesgo has
assigned Caa1 global scale local currency debt rating and Baa1.ar
Argentina national scale rating in local currency to the
additional amount of USD140 million of Class 4 Notes, to be issued
by the City of Buenos Aires under its Local Financing Program.

Ratings Rationale

The creation of the Local Financing Program was authorized by Laws
4315,4431 and 4472 of 2012, Laws 4810 and 4885 of 2013 and by Law
4949 of 2014. The additional amount of notes to be issued under
Class 4 constitute direct, unconditional, unsecured and
unsubordinated obligations of the city, ranking at all times pari
passu without any preference among themselves. They will also
carry the same terms and conditions of the outstanding Class 4
notes, same final maturity date and interest rate.

The assigned ratings are in line with the city's Caa1 (global
scale) and Baa1.ar (Argentina's national scale) local currency
debt ratings. The additional amount of Class 4 notes to be issued
under the above mentioned program, will be denominated in US
dollars but subscribed and payable in Argentine pesos at the
specified exchange rate and sold in the local capital market. As a
result, the US dollar will be a currency of reference and not a
means of payment. For that reason, the transaction is considered
to be denominated in local currency.

According to the term sheet reviewed by Moody's, Class 4 will
reach up to a total consolidated principal of USD356 million --
approximately 5% of the City's total revenues budgeted for 2014-,
it pays 3.98% fixed rate and matures in May of 2019. After the
issuance of these additional amount of notes, Moody's anticipates
that the City of Buenos Aires' total debt will barely surpass 30%
approximately of its total expected revenues for 2014 fiscal year;
from 25% at the end of fiscal year 2013.

The assigned ratings are based on preliminary documentation
received by Moody's as of the rating assignment date. Moody's does
not expect changes to the documentation reviewed over this period
or anticipates changes in the main conditions that the notes will
carry. Should issuance conditions and/or final documentation of
any of the series under this program deviate from the original
ones submitted and reviewed by the rating agency, Moody's will
assess the impact that these differences may have on the ratings
and act accordingly.

What Could Change The Rating Up/Down

Given the negative outlook on the City, Moody's does not expect
upward pressures in the ratings assigned in the near to medium
term. A downgrade in Argentina's bond ratings and/or further
systemic deterioration or idiosyncratic risks arising in this City
especially a sharp increase in the debt to revenues ratio -- could
continue to exert downward pressure on the ratings assigned and
could translate in to a downgrade in the near to medium term.

The principal methodology used in this rating was Regional and
Local Governments published in January 2013.

Moody's National Scale Credit Ratings (NSRs) are intended as
relative measures of creditworthiness among debt issues and
issuers within a country, enabling market participants to better
differentiate relative risks. NSRs differ from Moody's global
scale credit ratings in that they are not globally comparable with
the full universe of Moody's rated entities, but only with NSRs
for other rated debt issues and issuers within the same country.
NSRs are designated by a ".nn" country modifier signifying the
relevant country, as in ".za" for South Africa. For further
information on Moody's approach to national scale credit ratings,
please refer to Moody's Credit rating Methodology published in
June 2014 entitled "Mapping Moody's National Scale Ratings to
Global Scale Ratings".


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


* BRAZIL: State of Sao Paulo to Get US$480MM to Upgrade Highways
----------------------------------------------------------------
The Inter-American Development Bank (IDB) announced the approval
of a US$480 million loan earmarked for the state of Sao Paulo's
highway investment program.

With 41 million people, Sao Paulo is Brazil's most populated
state.  It generates a third of the country's economic output. The
state is home not only to the country's largest city, Sao Paulo,
but also to its biggest port, Santos, which handles a fourth of
Brazilian exports.

About 75 percent of goods are transported in Sao Paulo are shipped
by truck.  Of the state's 36,000 kilometers of paved roads, 5,000
kilometers correspond to divided (dual carriageway) highways.  The
state has a maintenance program but heavy use and strong growth in
the number of motor vehicles make it necessary to rehabilitate and
widen existing roads.

Under Sao Paulo's highway investment program, to which the IDB
made another US$480 million loan last year, about 500 kilometers
of roads will be upgraded.  The loan will also finance engineering
studies, logistical planning and measures to improve road safety.

The new loan is for 25 years, with a 5-year grace period and a
LIBOR-based interest rate. Local counterpart funds for the program
will total US$206 million.


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


CRESSINGTON LIMITED: Member to Hear Wind-Up Report on Sept. 30
--------------------------------------------------------------
The member of Cressington Limited will receive on Sept. 30, 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:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Jennifer Chailler
          Telephone: (345) 943-3100


CRYSTAL SANDS: Shareholder to Receive Wind-Up Report on Oct. 6
--------------------------------------------------------------
The shareholder of Crystal Sands Ltd will receive on Oct. 6, 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


FAIRCHILD ADVISORS: Members' Final Meeting Set for Sept. 16
-----------------------------------------------------------
The members of Fairchild Advisors Limited will hold their final
meeting on Sept. 16, 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:

          Richard Fear
          c/o Daniel Woolston
          Telephone: (345) 814 7782
          Facsimile: (345) 945 3902
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands


HENDON INVESTMENTS: Shareholder Receives Wind-Up Report
-------------------------------------------------------
The shareholder of Hendon Investments Limited received on Sept. 1,
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
          Cayman Islands
          Telephone: 949 8666
          Facsimile: 949 0626


KF-AIF CORE: Shareholder to Receive Wind-Up Report on Sept. 17
--------------------------------------------------------------
The shareholder of KF-AIF Core Holdings, Ltd. will receive on
Sept. 17, 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:

          Meshal Al-Othman
          Investment Department
          Kuwait Fund for Arab Economic Development
          P.O. Box 2921 Safat 13030
          Kuwait


LDK SOLAR: Files Schemes of Arrangement in Hong Kong
----------------------------------------------------
LDK Solar Co., Ltd., in provisional liquidation and its Joint
Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of
Zolfo Cooper (Cayman) Limited, announced that, subsequent to the
filing on Aug. 29, 2014, by the Company and its subsidiary, LDK
Silicon & Chemical Technology Co., Ltd., of the petition to
commence their restructuring proceedings in the Grand Court of the
Cayman Islands, the Company, LDK Silicon and LDK Silicon Holding
Co., Limited have each applied to file an originating summons to
commence their restructuring proceedings in the High Court of Hong
Kong.  The Company is awaiting confirmation of the date of the
first hearing before the Hong Kong Court.  At that hearing, the
Company, LDK Silicon, LDK Silicon Holding and the JPLs will seek
orders to convene meetings of the scheme creditors of the Company,
LDK Silicon and LDK Silicon Holding on or around Oct. 17, 2014,
Hong Kong time, to consider and approve their respective Hong Kong
schemes of arrangement.  Similarly, the Company, LDK Silicon and
the JPLs will seek orders to convene meetings of the scheme
creditors of the Company and LDK Silicon on or around Oct. 16,
2014, Cayman Islands time, to consider and approve their
respective Cayman Islands schemes of arrangement.

On Sept. 5, 2014, the Company and LDK Silicon filed evidence in
support of their application to the Cayman Court for orders
convening meetings of their scheme creditors, including the
proposed Explanatory Statement relating to the Cayman and Hong
Kong schemes of arrangement.  The Company also submitted a
periodic report on Form 6-K to the U.S. Securities and Exchange
Commission on Sept. 8, 2014, containing such Explanatory
Statement.

In addition, as a result of the resignation by Mr. Xiaofeng Peng,
former Chairman of the Company, on Aug. 29, 2014, Mr. Xingxue
Tong, current president and chief executive officer of the
Company, has since assumed the Interim Chairman position during
the transition period before a permanent Chairman is identified
and appointed.  To enhance the corporate governance of the Company
during this interim period, the Board of Directors of the Company,
with the consent of the JPLs, has established an interim executive
committee, effective Sept. 4, 2014, to supervise and support the
work of the Interim Chairman during the provisional liquidation of
the Company and to be responsible and to report to the Board,
subject to the authority of the JPLs as sanctioned by the Cayman
Court.  The Board also approved, with the consent of the JPLs,
that the Executive Committee be composed of three existing members
of the Board: (1) Mr. Zhibin Liu (director of Heng Rui Xin Energy
(HK) Co., Limited, a major shareholder of the Company and an
affiliate of the Xinyu City government), (2) Mr. Xingxue Tong
(current president and chief executive officer of the Company),
and (3) Mr. Shi Chen (member of the Board nominated by Fulai
Investments Limited, a major shareholder of the Company).  The
Executive Committee is headed by Mr. Zhibin Liu and is subject to
dissolution by the Board when a permanent Chairman of the Board
has been identified and appointed.

A copy of the proposed Explanatory Statement is available for free
at http://is.gd/7KPRhG

                          About LDK Solar

LDK Solar Co., Ltd. -- http://www.ldksolar.com-- based in Hi-
Tech Industrial Park, Xinyu City, Jiangxi Province, People's
Republic of China, is a vertically integrated manufacturer of
photovoltaic products, including high-quality and low-cost
polysilicon, solar wafers, cells, modules, systems, power
projects and solutions.

LDK Solar was incorporated in the Cayman Islands on May 1, 2006,
by LDK New Energy, a British Virgin Islands company wholly owned
by Xiaofeng Peng, LDK's founder, chairman and chief executive
officer, to acquire all of the equity interests in Jiangxi LDK
Solar from Suzhou Liouxin Industry Co., Ltd., and Liouxin
Industrial Limited.

LDK Solar Co disclosed a net loss of $1.05 billion on $862.88
million of net sales for the year ended Dec. 31, 2012, as compared
with a net loss of $608.95 million on $2.15 billion of net sales
for the year ended Dec. 31, 2011.

KPMG, in Hong Kong, China, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2012.  The independent auditors noted that the Group has
a net working capital deficit and a deficit in total equity as of
Dec. 31, 2012, and is restricted from incurring additional
indebtedness as it has not met a financial covenant ratio as
defined in the indenture governing the RMB-denominated US$-settled
senior notes.  These conditions raise substantial doubt about the
Group's ability to continue as a going concern.


QUANTIK FUND: Members' Final Meeting Set for Sept. 23
-----------------------------------------------------
The members of Quantik Fund Limited will hold their final meeting
on Sept. 23, 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:

          Christopher Rowland
          c/o Caroline Moore
          Fund Solution Services Limited
          Telephone: +1 (345) 947 5855


QUANTIK MASTER: Members' Final Meeting Set for Sept. 23
-------------------------------------------------------
The members of Quantik Master Fund Limited will hold their final
meeting on Sept. 23, 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:

          Christopher Rowland
          c/o Caroline Moore
          Fund Solution Services Limited
          Telephone: +1 (345) 947 5855


SIPIX TECHNOLOGY: Members' Final Meeting Set for Sept. 30
---------------------------------------------------------
The members of Sipix Technology Limited will hold their final
meeting on Sept. 30, 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:

          Ching-Shon Ho
          Telephone: +886-2-2700-4333
          Facsimile: +886-2-2706-2282
          CARD Corporate Services Ltd. PO Box 709
          Zephyr House, 122 Mary Street
          Grand Cayman KY1-1107
          Cayman Islands


VARNA OFFSHORE: Shareholder to Receive Wind-Up Report on Sept. 25
-----------------------------------------------------------------
The shareholder of Varna Offshore Fund Ltd will receive on
Sept. 25, 2014, at 9:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Ogier
          c/o Jonathan Turnham
          Telephone: +1 (345) 815 1839
          Facsimile: +1 (345) 949-9877


WOOD FUND: Members' Final Meeting Set for Sept. 15
--------------------------------------------------
The members of Wood Fund will hold their final meeting on
Sept. 15, 2014, to receive the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Appleby Trust (Cayman) Ltd
          c/o Richard Gordon
          Telephone: +1 (345) 949 4900
          75 Fort Street, PO Box 1350
          Grand Cayman KY1-1108
          Cayman Islands


=========
C H I L E
=========


INVERSIONES ALSACIA: Moody's Confirms Caa3 Senior Secured Rating
---------------------------------------------------------------
Moody's Investors Service has confirmed the senior secured Caa3
rating of Inversiones Alsacia S.A. ("Alsacia") and changed the
rating outlook to negative concluding the rating review that was
initiated on August 20th.

Ratings Rationale

The rating confirmation at Caa3 reflects Moody's current
assessment of the expected loss to bondholders following the
payment default of required interest and principal that occurred
on August 18th, and the subsequent announcement that the notes
would be restructured. Specifically, the Caa3 rating incorporates
the view that based upon Moody's understanding of the
restructuring proposal and Moody's belief that the restructuring
will be executed as contemplated, recovery prospects for current
bond holders should exceed 65%.

Under the restructuring, Moody's understand that Alsacia has
entered into an agreement with a group of investors that holds
approximately 60% of the outstanding notes to issue "New Notes"
with a principal amount equivalent to the current outstanding
notes plus accrued interest since the date of default. Among other
modifications, the New Notes will have lower scheduled mandatory
payments than the current amortization schedule and will extend
the maturity of the debt by three years, contingent upon obtaining
an extension of the concession for up to 3 years (to 2021 from
2018) in order to provide the company with more financial
flexibility. Also, most of the excess cash flow generated over the
term of the New Notes, after the payment of mandatory principal
and interest, will be used to further reduce principal outstanding
under the New Notes. The agreement contemplates Alsacia filing a
pre-packaged bankruptcy to effectuate the restructuring.

Consistent with Moody's rating policies, the rating on the
existing notes will be withdrawn shortly after Alsacia files for
bankruptcy contemplated in the restructuring plan.

The outlook on the rating is negative reflecting the highly
unlikely but still possible outcome that the contemplated
restructuring does not occur which would dim recovery projects.

In light of the negative outlook and the likelihood of the issuer
filing for bankruptcy, Moody's do not expect upward pressure on
the ratings or that the rating will stabilize in the near term.

In line with the negative outlook, the rating could be downgraded
if Moody's believe that prospects for bondholder recoveries
decline appreciably below 65%.

The principal methodology used in this rating was Generic Project
Finance Methodology published in December 2010.


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


CAP CANA: Could Submit New Restructuring Offer to Bondholders
-------------------------------------------------------------
Maria Fernanda Blaser at Dominican Today, citing two sources
claiming knowledge of the situation, reports that Cap Cana SA
could finally settle with its bondholders after defaulting for the
second time three years ago on at least US$250 million in debt.

Holders of the Cap Cana US$130 million 10% senior secured notes
due 2016 and its US$126.5 million 10% senior secured recovery
notes due 2016 are expecting a new restructuring offer to be
presented, the sources said, according to Dominican Today.  Cap
Cana has been in talks with a group of bondholders and a proposal
might be submitted in November, a first source said, the report
notes.

The company did not reply to messages seeking comment for this
report.  It remains unclear if Cap Cana has mandated advisors to
submit the offer, the report discloses.

The report notes that some investors have been trying to contact
the company to learn more about the potential agreement, a second
source said.  Little has been done to restructure Cap Cana's debt
since 2011, when it defaulted for the second time, the sources
said, the report relays.  Controlling shareholders, led by Ricardo
Hazoury, have been "radio silent," one of the sources said. There
were rumors the bonds were being consolidated into the hands of
just a few holders, in anticipation of negotiations with the
company, a third source said, the report relates.

Cap Cana first defaulted on its US$250 million secured bonds in
2009, when it said the economic downturn and the US real estate
crisis affected its operations, the report notes.  At the time,
the company conducted an exchange offer, offering bondholders
collateralization of 135% -- compared to the previous 125%, the
report discloses.

It also offered receivables as part of a security package, and
stricter rules to terminate mortgages, according to information
that circulated among investors at the time of the exchange, the
report notes.

Bondholders, however, should take a different approach to the
second restructuring, the first source said, the report relays.
Investors should demand a cash payment instead of taking the bonds
in another exchange, the same source added, the report notes.  Cap
Cana is interested in paying investors to release some of the
collateral and continue developing its real estate projects, a
fourth source said, adding there is a group of investors
organized, the report relays.

The company's real estate projects have been surrounded with
controversy as they attracted many investors, including Donald
Trump, who sued the company in 2012 for fraud and for US$14
million in unpaid license fees, according to court documents, the
report notes.

Trump and Cap Cana settled in 2013, and terms remain private.

Investors have had difficulty in getting information from the
company, the second source said, the report discloses.  Its last
financial report is from October 31, 2013, just before the company
repaid US$4.9 million in local bonds, whose public offering and
trading had been suspended in July 2013 by the Dominican financial
market regulator, the report notes.

At that time, Cap Cana reported it had US$614,279 in cash versus
US$2.4 million in December 2012.  Total liabilities, including
commercial papers, bank debt, suppliers, intercompany loans and
the defaulted secured bonds, amounted to US$762.8 million, the
report relays.

Total revenues as of the end of October 2013 stood at US$26.6
million down from US$29.03 million in December 2012.  Costs, on
the other hand, rose from US$5.16 million to US$10.78 million in
the same period.  Free cash flow was negative at US$4.16 million
in October 2013, while in December 2012 Cap Cana had a positive
figure of US$2.9 million.

                           About Cap Cana

Cap Cana S.A. -- http://www.capcana.com/-- is a 30,000 acre
master-planned luxury resort and real estate community located on
the eastern tip of the Dominican Republic in the Caribbean.  The
community is fully operational with championship golf and yachting
facilities, a world class hotel, pristine beaches, a variety of
dining and retail establishments and numerous other amenities.
Since breaking ground in 2002, Cap Cana has invested approximately
US$800 million in infrastructure and other improvements and has
entered into contracts with aggregate value of approximately
US$1.5 billion for the sale of approximately 1,500 units of real
estate properties.  Throughout this period, Cap Cana has delivered
over 700 real estate properties to buyers, including retail and
developer hotel lots, condominiums and villas.


===============
H O N D U R A S
===============


* HONDURAS: IMF Mission Concludes Visit to Country
--------------------------------------------------
An International Monetary Fund mission, led by Lisandro Abrego,
visited Honduras during September 2-12 to discuss a three-year
Fund-supported program.

The mission met with Minister Coordinator of the Government Jorge
Hernandez Alcerro, Central Bank Governor and Head of the Economic
Cabinet Marlon Tabora, Minister of Finance Wilfredo Cerrato, other
senior government officials and representatives of the private
sector.  Mr. Abrego issued the following statement in Tegucigalpa
at the conclusion of the visit:

"We began discussions on a three-year program that could be
supported by a financial arrangement with the IMF.  These
discussions have been productive and good progress has been made
toward reaching agreement on the macroeconomic policies and
structural reforms.  The main objective of the program is to
preserve macroeconomic stability in Honduras while improving
conditions for sustainable economic growth and supporting efforts
to reduce poverty in a fiscally affordable manner.  The program
would facilitate policy implementation, bolster investor
confidence, and catalyze resources from multilateral institutions
and donors.
"The mission and the authorities agreed that to bolster the public
finances it is essential to reduce the deficits of the state-owned
electricity company and the central government.

There was also broad agreement on the policy measures that would
need to accompany these efforts, many of which are already being
implemented, especially to support the ongoing process of reducing
the deficit of the central government.  In addition, we concurred
that reductions in overall expenditure should be accompanied by
changes in its composition to create room for social spending to
help reduce poverty while protecting investment to support
economic growth.

"These negotiations often take time and the next step is for our
discussions with the Honduran government to continue in Washington
D.C. in the next few weeks, with the goal of reaching agreement on
a Fund-supported program within the previously agreed schedule.
"Finally, the mission would like to thank the authorities and
private sector representatives for a cordial and productive
dialogue, as well as for their excellent cooperation and
hospitality."


===========
M E X I C O
===========


CEMEX SAB: EU Approves Deal With Holcim Cement in Spain
-------------------------------------------------------
Tom Fairless at The Wall Street Journal reports that European
Union antitrust authorities have unconditionally approved a
Spanish deal between CEMEX, S.A.B. de C.V. and Switzerland-based
Holcim Ltd., the last of three linked transactions between the
cement giants under scrutiny from European regulators.

The European Commission, the EU's central competition authority,
said Cemex's purchase of Holcim's Spanish operations raised no
concerns because the merged entity would "continue to face
sufficient competition from its rivals in all markets concerned,"
according to The Wall Street Journal.

The report notes that the commission had warned in April, when it
opened an in-depth probe into the deal, that it might
substantially stunt competition in the market for gray cement in
eastern Spain.  The commission was also worried the tie-up could
make it easier for the remaining cement producers in central Spain
to form a cartel, the report relates.

The WSJ discloses that Cemex SAB and Holcim Cement had announced
the deal in August last year as part of a series of transactions
that included the Swiss-based company's acquisition of west German
cement plants owned by Cemex SAB, and Cemex SAB's purchase of
Holcim Cement's operations in the Czech Republic.  Czech
authorities cleared the latter deal in March, and the EU waved
through the former deal in June, the report notes.

The report discloses that the moves are part of a drastic
reshaping of the European cement sector which has attracted the
attention of regulators particularly after the announcement in
April of the planned US$50 billion merger between Holcim Cement
and Lafarge SA of France.

Holcim Cement and Lafarge SA have yet to notify the EU antitrust
authorities, the first formal step in the approval process.

But the cement producers have pledged to sell assets that generate
about EUR5 billion, or US$6.8 billion, in annual revenue to
address competition concerns, the report notes.

Joaquin Almunia, the EU's outgoing antitrust chief, has said the
merger is sure to face an extended probe by his agency, the report
relays.

Since December 2010, the commission has also been investigating
Holcim, Lafarge and six other companies for operating a suspected
cartel in cement and cement-based products, the report adds.

                          About CEMEX SAB

CEMEX, S.A.B. de C.V., is a holding company of entities which
main activities are oriented to the construction industry,
through the production, marketing, distribution and sale of
cement, ready-mix concrete, aggregates and other construction
materials.  CEMEX is a public stock corporation with variable
capital (S.A.B. de C.V.) organized under the laws of the United
Mexican States, or Mexico.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
Sept. 8, 2014, Fitch Ratings has assigned expected ratings of 'BB-
/RR3(EXP)' to CEMEX S.A.B. de C.V.'s (CEMEX) proposed USD notes
due in 2025 and its proposed Euro notes due in 2022. Proceeds from
the Euro notes issuance will be used for general corporate
purposes, including the repayment of indebtedness under CEMEX's
Facilities Agreement.  Proceeds from the USD issuance will be used
for general corporate purposes, including the repurchase of a
portion of the company's outstanding 2018 and 2020 notes.



===========================
V I R G I N   I S L A N D S
===========================


SUNTECH POWER: Singapore Unit Barred From Selling Assets
--------------------------------------------------------
Suntech Power Holdings Co., Ltd. was informed by its subsidiary,
Power Solar System Co., Ltd., organized in the British Virgin
Islands that on September 4, 2014, the High Court of the Republic
of Singapore granted an Injunction Prohibiting Disposal Of Assets
Worldwide against Suntech Power Investment Pte. Ltd., organized in
the Republic of Singapore, as part of ongoing litigation brought
by PSS against Suntech Singapore, in the Republic of Singapore.

On September 4, 2014, PSS filed an ex parte application with the
Singapore Court for an injunction prohibiting the disposal of
assets worldwide by Suntech Singapore.

The Singapore Court granted the Injunction on September 4, stating
(subject to certain exceptions noted therein), that Suntech
Singapore must not: (i) remove from Singapore any of its assets
which are in Singapore whether in its own name or not and whether
solely or jointly owned up to the value of One Hundred Ninety
Seven Million Five Hundred And One Thousand Seven Hundred Eighty
Five United States Dollars ($197,501,785); or (ii) in any way
dispose of or deal with or diminish the value of any of its assets
whether they are in or outside of Singapore whether in its own
name or not and whether solely or jointly owned up to the same
value.  The Injunction is to remain in force until the trial or
further order.

Forming a part of its ex parte injunction application to the
Singapore Court, PSS submitted affidavits (and the exhibits
referred to therein) identifying certain assets purportedly
transferred by Suntech Singapore in March, 2014, which allegedly
included its shares in its wholly-owned subsidiary Yangzhou
Suntech Power Co., Ltd, and indirect subsidiaries Yangzhou Rietech
Renewal Energy Company, Zhenjiang Rietech New Energy Science &
Technology Co., Ltd, and Zhenjiang Ren De New Energy Science
Technology Co., Ltd, (each of the foregoing organized in the
People's Republic of China ("PRC")) to Changzhou Huihuang
Investment Management Co., Ltd., organized in Jiangsu Province,
PRC.

The Injunction was granted on an ex parte basis, and Suntech
Singapore may apply to the Singapore Court at any time to vary or
discharge the Injunction.


=================
X X X X X X X X X
=================


* BOND PRICING: For the Week From September 8 to Sept. 12, 2014
---------------------------------------------------------------


Issuer                     Coupon   Maturity   Currency   Price
------                     ------   --------   --------   -----

BES Finance Ltd                 2.9              EUR     211913000
PDVSA                             6  11/15/2026  USD    4500000000
ESFG International Ltd          5.8              EUR      52950000
PDVSA                             6  5/16/2024   USD    5000000000
PDVSA                           5.4  4/12/2027   USD    3000000000
Mongolian Mining Corp           8.9  3/29/2017   USD     600000000
PDVSA                           5.5  4/12/2037   USD    1500000000
Hindili Industry                8.6  11/4/2015   USD     380000000
BES Finance Ltd                 4.5              EUR      95767000
Automotores Gildemeister SA     8.3  5/24/2021   USD     400000000
SMU SA                          7.8  2/8/2020    USD     300000000
NQ Mobile Inc                     4  10/15/2018  USD     172500000
Inversiones Alsacia SA            8  8/18/2018   USD     347300000
Venezuela Governement           7.7  4/21/2025   USD    1599817000
Glorious Property Holdings Ltd   13  3/4/2018    USD     400000000
Renhe Commercial                 13  3/10/2016   USD     600000000
Bank Austria                    1.9              EUR      97608000
China Precisoin                 7.3  2/4/2018    HKD    1028000000
BCP Finance Co                  2.4              EUR   99063406.25
Automotores Gildemeister SA     6.8  1/15/2023   USD     300000000
BA-CA Finance Cayman 2 Ltd        2              EUR      51481000
Argentina Bonar Bonds            26  9/10/2015   ARS    5424358000
Inversora de Electrica          6.5  9/26/2017   USD     130263886
BCP Finance Co                  4.2              EUR      72112000
Mongolian Mining Corp           8.9  3/29/2017   USD     600000000
Argentina Government            4.3  12/31/2033  JPY    5840497000
PDVSA                             6  5/16/2024   USD    5000000000
Argentina Boden Bonds             2  9/30/2014   ARS     930445250
PDVSA                             6  11/15/2026  USD    4500000000
Greenfields Petroleum Corp        9  5/31/2017   CAD      23750000
Hindili Industry                8.6  11/4/2015   USD     380000000
Argentina Government            4.3  12/31/2033  JPY    2553017000
Argentina Bocon                   2  1/3/2016    ARS    1608749924
Argentina Government            0.5  12/31/2038  JPY   21037843000
Automotores Gildemeister SA     8.3  5/24/2021   USD     400000000
Caixa Geral De Depositos Finance  1              EUR      44885000
SMU SA                          7.8              USD     300000000
Renhe Commercial                 13  3/10/2016   USD     600000000
Caixa Geral De Depositos Finance  2              EUR      65843000
Inversiones Alsacia SA            8  8/18/2018   USD     347300000
Automotores Gildemeister SA     6.8  1/15/2023   USD     300000000
BPI Capital Finance Ltd         2.9              EUR      15290000
Banif Finance Ltd               1.6              EUR      42234000
Banco BPI SA/Cayman Islands     4.2  11/14/2035  EUR      20000000
Empresas La Polar SA            3.8  10/10/2017  CLP       5000000
City of Buenos Aires Argentina    2  1/28/2020   USD     146771000
Aguas Andinas SA                4.2  12/1/2026   CLP    3289471.68
City of Buenos Aires Argentina    2  12/20/2019  USD     113229000
Venezuela Governement             7  3/31/2038   USD    1250003000
Empresa de Transporte           5.5  7/15/2027   CLP     3732799.8
Cia Cervecerias Unidas SA         4  12/1/2024   CLP       1050000
Almendral Telecomunicaciones SA 3.5  12/15/2014  CLP     644441.04
Cia Sud Americana de Vapores SA 6.4  10/1/2022   CLP     607142.76
Decimo Primer                   4.5  10/25/2041  USD      37800000
Provincia del Chaco               4  12/4/2026   USD   10111047.85
Ruta de Bosque                  6.3  3/15/2021   CLP    5062781.25
Talcan Chillan                  2.8  12/15/2019  CLP    2978764.16
EMP Ferrocarriles Estado        6.5  1/1/2026    CLP     788572.14


                            ***********


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.


                   * * * End of Transmission * * *