TCRLA_Public/150327.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

            Friday, March 27, 2015, Vol. 16, No. 061


                            Headlines



A N T I G U A  &  B A R B U D A

ANTIGUA & BARBUDA: Transport Board Told to Rehire Workers
LIAT: "Bring Airline Home to Barbados," Barbadian Senator Says


B E R M U D A

ADVANTAGE FUND: PwC to Make Dividends to Unit Holders


C A Y M A N  I S L A N D S

COLISEUM LIMITED: Shareholders' Final Meeting Set for April 17
DREAM PLACES: Members Receive Wind-Up Report
GOLDFIELD CAYMAN: Creditors' Proofs of Debt Due April 7
JAPAN HOSPITALITY: Creditors' Proofs of Debt Due April 21
LAPLACE GLOBAL: Shareholders' Final Meeting Set for May 5

LAPLACE GLOBAL MASTER: Shareholders' Final Meeting Set for May 5
LIFE PREMIUM: Placed Under Voluntary Wind-Up
LIGHTPOINT CLO III: Member to Hear Wind-Up Report on April 24
MANTUANA LTD: Creditors' Proofs of Debt Due April 28
MARINER NAVIGATOR: Shareholder to Hear Wind-Up Report on April 13

MARINER NAVIGATOR TIPS: Member to Hear Wind-Up Report on April 13
MARINER NAVIGATOR US: Member to Hear Wind-Up Report on April 13
MARINER SELECT: Shareholder to Hear Wind-Up Report on April 13
PLUTUS GENERAL: Members' Final Meeting Set for April 6
PLUTUS TRANSEO: Members' Final Meeting Set for April 6


D O M I N I C A N   R E P U B L I C

DOMINICAN REP: Canada Firm Buys Product Which Cannot be Exported


J A M A I C A

CLARENDON ALUMINIUM: Expected to Return to Profitability Soon
* JAMAICA: No Extension of Bauxite Levy Concessions, Phillips Says


                            - - - - -


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


ANTIGUA & BARBUDA: Transport Board Told to Rehire Workers
---------------------------------------------------------
The Daily Observer reports that Senior Industrial Relations
Officer of the Antigua & Barbuda Workers Union (A&BWU), Chester
Hughes is hoping the management of the Antigua & Barbuda Transport
Board will conform to a Labor Department ruling which went in
favor of ex-employees who were fired last year.

Acting Labor Commissioner Eltonia Rojas has recommended that the
over 20 workers be reinstated without loss of benefits, pending
the formulation and execution of an objective criterion for the
retrenchment process, according to The Daily Observer.

"We are hoping that the company will call them back out to work
and we will work out the differences between the monies that they
have received and what they would have earned as salaries during
that period.  Then we would work the difference out as to the
period of service," Mr. Hughes told the news agency in an
interview.

The workers, some of whom have up to 10 years' service with the
Transport Board, were fired last year as part of what the board
said was a restructuring plan, the report relates.

Their bargaining agent, which referred the matter to the Labor
Department, had argued the ex-employees were unfairly dismissed
and the move was based on political motivation, the report notes.

In a two-page Conciliation Report, the acting commissioner said
the department could not validate the union's claim of
victimization, the report relays.  However, the Transport Board
failed to prove that an objective criterion was employed in the
retrenchment process, the report adds.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
September 23, 2014, The Daily Observer said that Antigua & Barbuda
could soon find itself in the company of Japan, Zimbabwe, and
Greece, the countries with the highest national debts.

In the January 2014 budget presentation, the former administration
indicated that the nation's debt was 87 per cent of GDP, according
to The Daily Observer.  However, Prime Minister Gaston Browne has
disputed the figure, deeming it to be as high as 130 per cent, the
report noted.

Minister Browne said while his government's increased borrowing is
pushing up the nation's debt-to-GDP ratio, it is necessary to
solve the country's problems, the report related.


LIAT: "Bring Airline Home to Barbados," Barbadian Senator Says
--------------------------------------------------------------
The Daily Observer reports that while Antigua & Barbuda's prime
minister is calling on LIAT, operating as Leeward Islands Air
Transport, to slow down and rethink its plan to move its fleet
base to Barbados, a government senator is urging quite the
opposite.

Senator Verla DePeiza wants the move completed as soon as
possible -- in time for Crop Over this year, according to The
Daily Observer.

Saying that it simply made more sense to have LIAT's planes based
in Barbados where they would be closer to destinations in the
south, Senator DePeiza supported the move announced by the
airline's shareholder governments last month as part of a wider
plan for the carrier's operations, the report notes.

"Bring LIAT home to Barbados and let's get the inter-island
traffic of people working for us again in Caricom. There may come
a moment in time when we can head north again, but the harsh
reality is that the islands in the south are closer to each other
and it makes more sense to deploy our planes in the south for the
time being until LIAT can show improvement in its finances," the
report quoted Senator DePeiza as saying.

"It may be a bitter pill for one of our neighbours to swallow, but
it is an even bitterer pill for more persons than that should LIAT
not succeed without having tried to change," Senator DePeiza said,
the report relates.

Senator DePeiza added that the move would be a signal event in
regional travel.

Shifting the airline's fleet base is part of a bid to raise
revenue, cut high overheads and stem perennial losses at the cash-
strapped airline, the report notes. The announced plan would also
include cutting about 180 jobs.

Antigua's Prime Minister Gaston Browne, who did not attend the
shareholders meeting and whose country was represented by Minister
of Public Utilities, Civil Aviation and Transportation Robin
Yearwood, is resisting the plan, the report relays.

However, Senator DePeiza said the adjustments were necessary as a
measure to reduce the cost of intra-regional travel, the report
says.

Senator DePeiza contended that the current situation did not augur
well for tourism or business, adding that investment opportunities
had been "crippled" because travelling around the region was
expensive, adds the report.

                         About LIAT

LIAT, operating as Leeward Islands Air Transport, is an airline
headquartered on the grounds of V. C. Bird International Airport
in Antigua.  It operates high-frequency inter-island scheduled
services serving 21 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.

                         *     *     *

As reported in the Troubled Company Reporter-Latin America on
Dec. 2, 2014, Caribbean360.com said that chairman of the
shareholder governments of the financially troubled regional
airline, LIAT, operating as Leeward Islands Air Transport, Dr.
Ralph Gonsalves said while he is unaware of the details regarding
any possible retrenchment of employees, the airline needs to deal
with its high cost of operations.

The TCR-LA on March 10, 2014, citing Caribbean360.com, reported
that LIAT said it will take "decisive action" to deal with
unprofitable routes as the Antigua-based airline seeks to make its
operations financially viable.

On Sept. 23, 2013, the TCRLA, citing Trinidad and Tobago Newsday,
reported that there's much upheaval at the highest levels of LIAT
-- the Board and the Executive. Following the sudden resignation
of Chief Executive Officer Captain Ian Brunton, David Evans
replaced Mr. Brunton as chief executive officer.


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B E R M U D A
=============


ADVANTAGE FUND: PwC to Make Dividends to Unit Holders
-----------------------------------------------------
PricewaterhouseCoopers Advisory Limited together with Advantage
(Bermuda) Fund Ltd. and VC Advantage (Bermuda) Fund Ltd. intend to
make a second and final dividend to unit holders.

Creditors whose claims have not yet been settled and united
holders who did not receive the first interim dividend and who
wish to participate in the dividend are required to submit forms
of proof of debt before April 24, 2015, to PricewaterhouseCoopers
Dorchester House, 7 Church Street, Hamilton HM 11, Bermuda, or by
email to farai.gumede@bm.pwc.com


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


COLISEUM LIMITED: Shareholders' Final Meeting Set for April 17
--------------------------------------------------------------
The shareholders of Coliseum Limited will hold their final meeting
on April 17, 2015, to receive the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidators are:

          Magdalena Gruell
          Helen Butterworth
          Citron 2004 Limited
          Telephone: + 44 1534 282276/ 01534 282345
          Facsimile: + 44 1534 282400
          23-25 Broad Street St Helier, Jersey
          JE4 8ND


DREAM PLACES: Members Receive Wind-Up Report
--------------------------------------------
The members of Dream Places Ltd. received on March 25, 2015, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Morval Bank & Trust Cayman Ltd.
          Telephone: +1 (345) 949-9808
          P.O. Box 30622 Grand Cayman KY1-1203
          Cayman Islands


GOLDFIELD CAYMAN: Creditors' Proofs of Debt Due April 7
-------------------------------------------------------
The creditors of Goldfield Cayman Attorneys-At-Law are required to
file their proofs of debt by April 7, 2015, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on March 4, 2015.

The company's liquidator is:

          Noel Webb
          Telephone: (345) 936 5222
          Facsimile: (345) 936 5222
          P.O. Box 2677 Grand Cayman KY1-1111
          Cayman Islands


JAPAN HOSPITALITY: Creditors' Proofs of Debt Due April 21
---------------------------------------------------------
The creditors of Japan Hospitality Management Inc. are required to
file their proofs of debt by April 21, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Feb. 27, 2015.

The company's liquidator is:

          Krys Global VL Services Limited
          Governors Square, Building 6
          2nd Floor, 23 Lime Tree Bay Avenue
          PO Box 31237, Grand Cayman KY1-1205
          Cayman Islands


LAPLACE GLOBAL: Shareholders' Final Meeting Set for May 5
---------------------------------------------------------
The shareholders of Laplace Global Macro Fund Limited will hold
their final meeting on May 5, 2015, 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:

          Highwater Limited
          c/o Nicole Gagliano
          Telephone: (345) 943 2295
          Facsimile: (345) 943 2294
          Grand Pavilion Commercial Centre, 1st Floor
          802 West Bay Road
          P.O. Box 31855 Grand Cayman KY1-1207
          Cayman Islands


LAPLACE GLOBAL MASTER: Shareholders' Final Meeting Set for May 5
----------------------------------------------------------------
The shareholders of Laplace Global Macro Master Fund will hold
their final meeting on May 5, 2015, at 10:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Highwater Limited
          c/o Nicole Gagliano
          Telephone: (345) 943 2295
          Facsimile: (345) 943 2294
          Grand Pavilion Commercial Centre, 1st Floor
          802 West Bay Road
          P.O. Box 31855 Grand Cayman KY1-1207
          Cayman Islands


LIFE PREMIUM: Placed Under Voluntary Wind-Up
--------------------------------------------
On March 6, 2015, the Grand Court of Cayman Islands entered an
order to wind up the operations of Life Premium Fund, SPC.

The company's liquidators are:

          David Griffin
          Andrew Morrison
          FTI Consulting (Cayman) Limited
          2D Landmark Square
          64 Earth Close, SMB
          P.O. Box 30613, Grand Cayman KY1-1203
          Cayman Islands


LIGHTPOINT CLO III: Member to Hear Wind-Up Report on April 24
-------------------------------------------------------------
The member of Lightpoint CLO III, Ltd. will hear on April 24,
2015, 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


MANTUANA LTD: Creditors' Proofs of Debt Due April 28
----------------------------------------------------
The creditors of Mantuana Ltd. are required to file their proofs
of debt by April 28, 2015, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on March 4, 2015.

The company's liquidator is:

          Lion International Management Limited
          Craigmuir Chambers
          Road Town Tortola VG 1110
          British Virgin Islands
          Mr. Philip C Pedro
          HSBC International Trustee Limited
          Compass Point
          9 Bermudiana Road
          Hamilton HM 11
          Bermuda
          Telephone: (441) 299-6482
          Facsimile: (441) 299-6526


MARINER NAVIGATOR: Shareholder to Hear Wind-Up Report on April 13
-----------------------------------------------------------------
The sole shareholder of Mariner Navigator International, Ltd. will
hear on April 13, 2015, at 9:00 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.

Creditors are required to file their proofs of debt by April 10,
2015, to be included in the company's dividend distribution.

The company commenced liquidation proceedings on March 2, 2015.

The company's liquidator is:

          Stuarts Walker Hersant
          Telephone: (345) 949 3344
          Facsimile: (345) 949 2888
          P.O. Box 2510 Grand Cayman KY1-1104
          Cayman Islands


MARINER NAVIGATOR TIPS: Member to Hear Wind-Up Report on April 13
-----------------------------------------------------------------
The sole shareholder of Mariner Navigator Tips, Ltd. will hear on
April 13, 2015, at 9:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company commenced liquidation proceedings on March 2, 2015.

The company's liquidator is:

          Stuarts Walker Hersant
          Telephone: (345) 949 3344
          Facsimile: (345) 949 2888
          P.O. Box 2510 Grand Cayman KY1-1104
          Cayman Islands


MARINER NAVIGATOR US: Member to Hear Wind-Up Report on April 13
---------------------------------------------------------------
The member of Mariner Navigator US Equities, Ltd. will hear on
April 13, 2015, at 9:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company commenced liquidation proceedings on March 2, 2015.

The company's liquidator is:

          Stuarts Walker Hersant
          Telephone: (345) 949 3344
          Facsimile: (345) 949 2888
          P.O. Box 2510 Grand Cayman KY1-1104
          Cayman Islands


MARINER SELECT: Shareholder to Hear Wind-Up Report on April 13
--------------------------------------------------------------
The sole shareholder of Mariner Select International, Ltd. will
hear on April 13, 2015, at 9:00 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.

The company commenced liquidation proceedings on March 2, 2015.

The company's liquidator is:

          Stuarts Walker Hersant
          Telephone: (345) 949 3344
          Facsimile: (345) 949 2888
          P.O. Box 2510 Grand Cayman KY1-1104
          Cayman Islands


PLUTUS GENERAL: Members' Final Meeting Set for April 6
------------------------------------------------------
The members of Plutus General Partner Inc. will hold their final
meeting on April 6, 2015, 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:

          Ian Stokoe
          c/o Ryan Murray
          PwC Corporate Finance & Recovery (Cayman) Limited
          Strathvale House, 5th Floor
          P.O. Box 258 90 North Church
          Grand Cayman KY1-1104
          Cayman Islands
          Telephone: +1 (345) 914 8789
          Facsimile: +1 (345) 945 4237


PLUTUS TRANSEO: Members' Final Meeting Set for April 6
------------------------------------------------------
The members of Plutus Transeo Fund Inc. will hold their final
meeting on April 6, 2015, 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:

          Ian Stokoe
          c/o Ryan Murray
          PwC Corporate Finance & Recovery (Cayman) Limited
          Strathvale House, 5th Floor
          P.O. Box 258 90 North Church
          Grand Cayman KY1-1104
          Cayman Islands
          Telephone: +1 (345) 914 8789
          Facsimile: +1 (345) 945 4237


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


DOMINICAN REP: Canada Firm Buys Product Which Cannot be Exported
----------------------------------------------------------------
Dominican Today reports that Dominican Agribusiness Board (JAD)
President Osmar Benitez said a container of avocados and another
with various types of peppers will be shipped to Canada.

The announcement comes after Agriculture Minister Angel Estevez
met with executives of Canada-based Caneya Fruits & Products, who
agreed to buy some products which cannot be exported to the US,
according to Dominican Today.

The report notes that Mr. Benitez said though the amount is small,
it will increase each week, depending on market interest. "If
buyers appear with 50 containers, prices will slump.  So they'll
increase the weekly amount and therefore avert burdening marketing
channels," the report notes.

The report relays that Mr. Benitez said the agreement will make it
easier to solve the US government's "regrettable" ban on products
from Dominican Republic in the wake of the fruit fly detected in
the east region.


=============
J A M A I C A
=============


CLARENDON ALUMINIUM: Expected to Return to Profitability Soon
-------------------------------------------------------------
RJR News reports that after years of heavy losses, Clarendon
Aluminum Production (CAP), the part owner of JAMALCO (Alcoa
Minerals of Jamaica), is poised for a financial turnaround.

That's the forecast from Mining Minister Phillip Paulwell, who
said that this will result from the improved performance of
JAMALCO, according to RJR News.

"For the first time in a long while, the government is seeing the
return of profitability of CAP, and I'm sure the Jamaican
taxpayers will be very, very happy that, come next year, I believe
we're going to turn a profit for the first time in many years,"
Minister Paulwell declared, the report relays.

The report notes that in light of that likelihood, Minister
Paulwell argued that the Government of Jamaica should retain its
shares in JAMALCO, through CAP, "because we have suffered a lot
over the last decade or so, and we can now recoup some of those
funds that we have lost."

In another area of the mining and quarrying sector, Mr. Paulwell
disclosed that there has also been renewed interest in local
limestone, adds the report.


* JAMAICA: No Extension of Bauxite Levy Concessions, Phillips Says
------------------------------------------------------------------
RJR News reports that the government of Jamaica has refused a
request from Noranda Jamaica Bauxite for an extension of the
concession period for the payment of the Bauxite Levy.

Finance Minister Dr. Peter Phillips, speaking in Parliament said
the concession which was granted from 2008 to the end of last
year, will not be renewed, according to RJR News.

"Noranda is insisting on a five-year extension of the concession,"
he explained, but firmly insisted that this will not be granted,
adding that Jamaica had fully honored the terms of the concession,
just ended, "which involved substantial revenue foregone," the
report quoted Dr. Phillips as saying.

But, "in the circumstances facing the country, we are not able to
grant an extension," Dr. Phillips declared, the report relays.

Dr. Phillips said he expects the matter to go to arbitration.

Dr. Phillips also confirmed that UC Rusal, which owns the St.
Elizabeth based Alpart bauxite-alumina plant, will not enjoy the
concession rate, when it resumes shipments of bauxite later this
year, the report notes.  Alpart has been closed for five years.


                            ***********


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 2015.  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
202-362-8552.


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