TCRLA_Public/170103.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

               Tuesday, January 3, 2017, Vol. 18, No. 2


                            Headlines



A N T I G U A  &  B A R B U D A

K CLUB: Not Everybody's Happy With Robert De Niro's Resort Plans


B A H A M A S

BAHAMAS: Warns Against Trading Local Currency Overseas


B O L I V I A

LAMIA AIRLINES: Doomed Flight's Engines Began Shutting Down


C A Y M A N  I S L A N D S

AERIS CAPITAL: Placed Under Voluntary Wind-Up
AHL COMMODITY: Members to Receive Wind-Up Report on Jan. 26
BERENS CAPITAL: Placed Under Voluntary Wind-Up
BR MAC: Members to Receive Wind-Up Report on Jan. 26
BY PREMIUM I: Commences Liquidation Proceedings

CR MAC: Members to Receive Wind-Up Report on Jan. 26
IPORANGA FUND: Placed Under Voluntary Wind-Up
LOCH LOMOND: Creditors' Proofs of Debt Due Jan. 5
MAN INSTITUTIONAL: Members to Receive Wind-Up Report on Jan. 26
MONARCH CAYMAN: Members to Receive Wind-Up Report on Jan. 26

PINNACLE INFRAFUND: Placed Under Voluntary Wind-Up
PINNACLE INFRASTRUCTURE: Placed Under Voluntary Wind-Up
PORTFOLIO OVERLAY: Members to Receive Wind-Up Report on Jan. 26


P U E R T O    R I C O

AEROPOSTALE INC: Wants Plan Filing Period Moved to March 1
BORINQUEN PARKING: Must Pay Over $17K to AEELA, Court Says
OAKFABCO INC: Can File Chapter 11 Plan Through Feb. 7
ROJESIE INC: Seeks to Hire Domingo Espada as Accountant


T R I N I D A D  &  T O B A G O

TRINIDAD & TOBAGO: Tough Year for Energy Sector
* MOVIETOWNE: Forex Shortage Delays Opening


                            - - - - -


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


K CLUB: Not Everybody's Happy With Robert De Niro's Resort Plans
----------------------------------------------------------------
Caribbean360.com reports that at least one group of Barbudans is
still not ready to roll out the red carpet for American actor
Robert De Niro and his billionaire business partner James Packer
who are planning to revamp and reopen the K Club.

The resort, which became famous after Princess Diana vacationed
there with her two sons, Princes William and Harry, was closed 12
years ago, according to Caribbean360.com.

Two years ago, the Government of Antigua and Barbuda agreed to
lease 555 acres of land on Barbuda to Packer and DeNiro's company,
Paradise Found, on a 198-year lease for US$6.2 million, the report
notes.

And according to the Telegraph, the investors are also seeking to
pump another US$250 million into the project over 10 years, only
if authorities agree to lease 300 acres around the site, the
report relays.

However, more than 300 of Antigua's sister isle's 1,500 residents
have signed a petition objecting to the development, saying it is
too excessive, the report notes.

The petition is being spearheaded by the Barbuda People's Movement
(BPM), which has gone to court to challenge the development, the
report discloses.

Group leader Mackenzie Frank told the Telegraph, "too much is at
stake," the report relays.  "No one objects to the K Club being
re-opened, but they want so much extra land," he added.

The BPM also took to the law courts last year to challenge the
Paradise Found Act, which the Government approved after agreeing
to De Niro's proposal in February 2015, the report relays.

Frank insists the Act is unconstitutional and it contradicts the
Barbuda Land Act, the report notes.

Prime Minister Gaston Browne has acknowledged the group's right to
protest, but he remains fully supportive of the development.

"We respect their right to protest, and similarly they ought to
respect our right to attract good, sound, tangible investments
that grow the economy and put people back to work," he said, the
report says.

Meanwhile, liaison officer between the government and the
investors, Ambassador-at-large Gilbert Boustany has disclosed that
the project is set to get underway during the first quarter of
next year, the report notes.  He told the Antigua Observer, the
legal action would not affect the project, the report relays.

"There is no injunction; there is no stop order or anything like
that on the project. And I will go further to say the people of
Barbuda and even the ones who brought the action fully support the
project and would love it. They are just not happy, from their
point of view, with the way government handled the process," Mr.
Boustany added, says the report.


=============
B A H A M A S
=============


BAHAMAS: Warns Against Trading Local Currency Overseas
------------------------------------------------------
The Daily Observer reports that the Bahamas government said the
country's local dollar is not a freely convertible currency
outside of its borders and any trader accepting Bahamian dollars
for exchange in the United States "does so at his or her own
risk".

According to The Daily Observer, the Perry Christie government
said that it had been informed that "a receipt purporting to be an
exchange of Bahamian dollars at the Sawgrass Mills in Florida for
US currency has been posted on social media sites.

"This has been passed around to demonstrate that the Bahamian
dollar does not trade one-for-one with the United States dollar
and has been devalued," the report notes.

It said that such a conclusion would be false, adding "this is
what is now being described as "fake news" and Bahamians
travelling overseas should be warned, the report relays.

"Sharing of this "fake news" on social media or on any other media
platform is strongly discouraged.  The public is advised that in
Bahamian law, the Bahamian dollar is one-for-one to the US dollar
when traded across the counter in Nassau and throughout The
Bahamas, whether in a bank or in a store.

"This has been the position since the change from the Bahamian
pound to the Bahamian dollar in 1966.  That position remains
unchanged today," the government said in its statement, the report
discloses.

It also advised the public that the Bahamian dollar is "not and
has never been a convertible currency like the US dollar, the
report relays.

"There are very few currencies in the world that are freely
convertible outside of their home countries. Convertible
currencies include the British pound, the Euro and the US dollar.
The Bahamas does not have a freely convertible currency outside of
its borders and this has been the position since the change from
the Bahamian pound to the Bahamian dollar in 1966," the report
notes.

The statement warned that as a result "this means that the Central
Bank of The Bahamas does not have to honor the exchange of any
Bahamian dollar or dollars spent or exchanged outside The Bahamas,
says the report.

"Further, a private trader such as the one purportedly accepting
Bahamian dollars for exchange at the Sawgrass Mills in Florida
does so at his or her own risk and can charge whatever they
believe the market can bear.

"Whatever price the trader in the US charges is entirely a matter
for that trader and his or her customer but does not impact or
reflect the trading value or official one-for-one exchange rate of
the Bahamian currency in The Bahamas. The value of the Bahamian
currency in The Bahamas remains one Bahamian dollar for one US
dollar," the government statement added, the report adds.


=============
B O L I V I A
=============


LAMIA AIRLINES: Doomed Flight's Engines Began Shutting Down
-----------------------------------------------------------
Kejal Vyas at The Wall Street Journal reports that Colombia-Pilots
of the doomed LaMia charter plane knew its engines were shutting
down several minutes before the crash that killed 71 people, but
failed to notify air-traffic control until it was too late,
Colombian officials said.

Investigators from Colombia's Civil Aviation Authority said the
pilots didn't report "a total electric failure without fuel" until
two minutes before the aircraft collided at 145 miles an hour into
a hillside just outside Medell°n, Colombia on Nov. 28.  While the
crew had asked for priority landing, they didn't indicate imminent
danger and investigators said the pilots spoke with controllers
"in a completely normal manner," according to The Wall Street
Journal.

"There was no technical failure, only human and managerial error,"
Freddy Bonilla, head of the investigation team for Colombia's
Civil Aviation Authority, said in the first official report since
the accident, the report notes.

The 28-day investigation found that the Avro RJ85 aircraft left
Bolivia nearly 1,000 pounds overweight and flew at an altitude
above 30,000 feet, even though the plane isn't designed to travel
above 28,000 feet, Mr. Bonilla said, the report relays.

In addition, the flight's 1,839-mile trip was near the aircraft's
capacity for a tank of fuel, the Colombian official said, the
report discloses.  "The flight crew was conscious of the fuel
limits and that they did not adequately have what was needed," Mr.
Bonilla said, adding that headwinds may have caused the aircraft
to use more fuel, the report notes.

Bolivian aviation officials should not have permitted the flight
to take off, Mr. Bonilla said, the report relays.  "The conditions
for the flight -- as presented in the flight plan -- were
unacceptable," he said, noting that the flight form was
incomplete, naming only one of a required two alternate landing
destinations, he added.

There was no immediate response from the Bolivian government,
whose investigators blamed the accident on a series of miscues by
the airline and the pilot, calling it an "isolated" incident, the
report notes.  The country's airport authority had earlier filed a
criminal complaint against one of its officials for allowing the
plane to depart despite the incomplete flight plan, the report
relays.  The official, Celia Castedo, is seeking asylum in Brazil.

Both Bolivia and Colombia have suspended LaMia's operating
licenses, the report says.  Pilot Miguel Quiroga, who perished in
the crash, was a co-owner of the airline along with Gustavo Vargas
Gamboa, who was arrested earlier this month in Bolivia on
manslaughter charges, the report discloses.

The pilot and his co-pilot discussed the possibility of landing to
refuel here in the Colombian capital or in Leticia but decided to
continue 45 minutes northwest toward Medellin, Mr. Bonilla said,
citing audio recordings of the crew's communications recovered
from the plane's black box, the report notes.  The recordings were
synchronized with a 24-minute video flight simulation and
presented by Mr. Bonilla, the report relays.

Yaneth Molina, the air-traffic controller in Jose Maria Cordova
International Airport, described the harrowing final minutes in an
interview earlier with Colombia's Caracol Radio, the report notes.
The LaMia flight, she said, never alerted them of any major
problems before suddenly beginning an unauthorized descent for
landing, looking to cut in front of three other planes that were
scheduled to land before, the report discloses.

"That's when I called them and they tell me about an emergency,"
Ms. Molina said.  "There were 71 victims, but it was too close.
They were practically on top of the other aircraft. It could've
been worse," she added.

Colombian civil aviation officials declined to speculate why the
pilots decided not to make a stop or report their low-fuel status
earlier, the report notes.  Investigators say a potential
refueling stop for the jet, which was crossing over Colombia at
night, could have been Cobija, the report relays.  However, that
airport lacks runway lights after dark and the flight was already
behind schedule. The flight's operators also had a strong
incentive not to declare a fuel emergency because it would have
led to sanctions that could have grounded the company, potentially
putting it out of business, the report relays.  According to
Colombian law, pilots or flight crew members found of negligence
can face suspension or fines of nearly $115,000, Mr. Bonilla said,
the report says.

Onboard were 4 crew members, 20 journalists and Associaáao
Chapecoense de Futebol, a professional Brazilian soccer team on a
Cinderella season, traveling to its first ever finals of the South
American Cup. Six people survived the crash, the report notes.

Colombia's Civil Aviation Authority, which is working with
investigators from Brazil, Bolivia, the U.K. and U.S., said it
would release a final report with its findings in April, the
report adds.


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


AERIS CAPITAL: Placed Under Voluntary Wind-Up
---------------------------------------------
On Nov. 25, 2016, the shareholders of Aeris Capital Life Science
Ltd. resolved to voluntarily wind up the company's operations.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution

The company's liquidator is:

          Avalon Ltd.
          Reference: GL
          Landmark Square, 1st Floor, 64 Earth Close
          P.O. Box 715 Grand Cayman KY1-1107
          Cayman Islands
          Telephone: (+1) 345 769 4422
          Facsimile: (+1) 345 769 9351


AHL COMMODITY: Members to Receive Wind-Up Report on Jan. 26
-----------------------------------------------------------
The members of AHL Commodity Sub-Strategy Fund Ltd will receive on
Jan. 26, 2017, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal

The company commenced liquidation proceedings on Nov. 21, 2016.

The company's liquidator is:

          Claire Loebell
          c/o Steve Bull
          Ernst & Young Ltd
          62 Forum Lane, Camana Bay
          P.O. Box 510 Grand Cayman KY1-1106
          Cayman Islands
          Telephone: (345) 814 9060


BERENS CAPITAL: Placed Under Voluntary Wind-Up
----------------------------------------------
On Nov. 4, 2016, the sole shareholder of Berens Capital Asia (Ex-
Japan) Offshore Ltd. resolved to voluntarily wind up the company's
operations.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Kenneth Stewart
          c/o Apex Fund Services (Cayman) Ltd.
          P.O. Box 10085 Grand Cayman KY1 1001
          161a Artillery Court, Shedden Road
          Cayman Islands
          Telephone: (345) 747 2739


BR MAC: Members to Receive Wind-Up Report on Jan. 26
----------------------------------------------------
The members of BR Mac Cayman Fund Limited will receive on Jan. 26,
2017, at 10:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal

The company commenced liquidation proceedings on Nov. 21, 2016.

The company's liquidator is:

          Claire Loebell
          c/o Steve Bull
          Ernst & Young Ltd
          62 Forum Lane, Camana Bay
          P.O. Box 510 Grand Cayman KY1-1106
          Cayman Islands
          Telephone: (345) 814 9060


BY PREMIUM I: Commences Liquidation Proceedings
-----------------------------------------------
On Nov. 16, 2016, the sole shareholder of By Premium I Company
resolved to voluntarily liquidate the company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution

The company's liquidator is:

          Jun Harada
          2-21-11 Hongo Bunkyo-ku, 1st Floor
          Tokyo
          Japan 113-0033
          Telephone: +81-3-6801-5828


CR MAC: Members to Receive Wind-Up Report on Jan. 26
----------------------------------------------------
The members of CR Mac Cayman Fund Limited will receive on Jan. 26,
2017, at 10:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company commenced liquidation proceedings on Nov. 21, 2016.

The company's liquidator is:

          Claire Loebell
          c/o Steve Bull
          Ernst & Young Ltd
          62 Forum Lane, Camana Bay
          P.O. Box 510 Grand Cayman KY1-1106
          Cayman Islands
          Telephone: (345) 814 9060


IPORANGA FUND: Placed Under Voluntary Wind-Up
---------------------------------------------
On Nov. 25, 2016, the shareholders of Iporanga Fund resolved to
voluntarily wind up the company's operations.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Westport Services Ltd
          c/o Jonathan Turnham
          Travers Thorp Alberga
          Harbour Place, 2nd Floor
          103 South Church Street
          Grand Cayman KY1-1106
          Cayman Islands
          Telephone: +1 (345) 949 0699
          Facsimile: +1 (345) 949-8171


LOCH LOMOND: Creditors' Proofs of Debt Due Jan. 5
-------------------------------------------------
The creditors of Loch Lomond Investment Ltd. are required to file
their proofs of debt by Jan. 5, 2016, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Nov. 25, 2016.

The company's liquidator is:

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


MAN INSTITUTIONAL: Members to Receive Wind-Up Report on Jan. 26
---------------------------------------------------------------
The members of Man Institutional Tei Fund Ltd. will receive on
Jan. 26, 2017, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal

The company commenced liquidation proceedings on Nov. 21, 2016.

The company's liquidator is:

          Claire Loebell
          c/o Steve Bull
          Ernst & Young Ltd
          62 Forum Lane, Camana Bay
          P.O. Box 510 Grand Cayman KY1-1106
          Cayman Islands
          Telephone: (345) 814 9060


MONARCH CAYMAN: Members to Receive Wind-Up Report on Jan. 26
------------------------------------------------------------
The members of Monarch Cayman Fund Limited will receive on
Jan. 26, 2017, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal

The company commenced liquidation proceedings on Nov. 21, 2016.

The company's liquidator is:

          Claire Loebell
          c/o Steve Bull
          Ernst & Young Ltd
          62 Forum Lane, Camana Bay
          P.O. Box 510 Grand Cayman KY1-1106
          Cayman Islands
          Telephone: (345) 814 9060


PINNACLE INFRAFUND: Placed Under Voluntary Wind-Up
--------------------------------------------------
On Nov. 25, 2016, the sole shareholder of Pinnacle Infrafund SPC
resolved to voluntarily wind up the company's operations.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Kenneth Stewart
          c/o Apex Fund Services (Cayman) Ltd.
          P.O. Box 10085 Grand Cayman KY1 1001
          161a Artillery Court, Shedden Road
          Cayman Islands
          Telephone: (345) 747 2739


PINNACLE INFRASTRUCTURE: Placed Under Voluntary Wind-Up
-------------------------------------------------------
On Nov. 25, 2016, the sole shareholder of Pinnacle Infrastructure
Fund Management resolved to voluntarily wind up the company's
operations.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Kenneth Stewart
          c/o Apex Fund Services (Cayman) Ltd.
          P.O. Box 10085 Grand Cayman KY1 1001
          161a Artillery Court, Shedden Road
          Cayman Islands
          Telephone: (345) 747 2739


PORTFOLIO OVERLAY: Members to Receive Wind-Up Report on Jan. 26
---------------------------------------------------------------
The members of Portfolio Overlay Cayman Fund Limited will receive
on Jan. 26, 2017, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal

The company commenced liquidation proceedings on Nov. 21, 2016.

The company's liquidator is:

          Claire Loebell
          c/o Steve Bull
          Ernst & Young Ltd
          62 Forum Lane, Camana Bay
          P.O. Box 510 Grand Cayman KY1-1106
          Cayman Islands
          Telephone: (345) 814 9060


======================
P U E R T O    R I C O
======================


AEROPOSTALE INC: Wants Plan Filing Period Moved to March 1
----------------------------------------------------------
Aeropostale, Inc. and its affiliated Debtors presented before the
U.S. Bankruptcy Court for the Southern District of New York a
proposed order extending the Debtors' exclusive plan filing period
through and including March 1, 2017, and extending the Debtors'
exclusive solicitation period through and including April 30,
2017.

A hearing will be held on January 9, 2017 at 10:00 a.m. for the
Court to consider the Debtor's proposed Order.  Any responses or
objections are required to be filed and received no later than
January 4, 2017.

                        About Aeropostale, Inc.

Aeropostale, Inc. (OTC Pink: AROPQ) is a specialty retailer of
casual apparel and accessories, principally serving young women
and men through its Aeropostale(R) and Aeropostale Factory(TM)
stores and website and 4 to 12 year-olds through its P.S. From
Aeropostale stores and website.  The Company provides customers
with a focused selection of high quality fashion and fashion basic
merchandise at compelling values in an exciting and customer
friendly store environment.  Aeropostale maintains control over
its proprietary brands by designing, sourcing, marketing and
selling all of its own merchandise.  As of May 1, 2016 the Company
operated 739 Aeropostale(R) stores in 50 states and Puerto Rico,
41 Aeropostale stores in Canada and 25 P.S. from Aeropostale(R)
stores in 12 states.  In addition, pursuant to various licensing
agreements, the Company's licensees currently operate 322
Aeropostale(R) and P.S. from Aeropostale(R) locations in the
Middle East, Asia, Europe, and Latin America.  Since November
2012, Aeropostale, Inc. has operated GoJane.com, an online women's
fashion footwear and apparel retailer.

Aeropostale, Inc., and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schubac, senior vice president, general counsel and
secretary.

The Debtors listed total assets of $354.38 million and total debts
of $390.02 million as of Jan. 30, 2016.

The Debtors have hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc., as restructuring advisor; Stifel, Nicolaus &
Company, Inc., and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors; Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.

The U.S. trustee for Region 2 on May 11, 2016, appointed seven
creditors of Aeropostale Inc. to serve on the official committee
of unsecured creditors.  The Committee hired Pachulski Stang Ziehl
& Jones LLP as counsel.


BORINQUEN PARKING: Must Pay Over $17K to AEELA, Court Says
----------------------------------------------------------
Judge Brian K. Tester of the United States Bankruptcy Court for
the District of Puerto Rico granted the motion filed by the
creditor, Asociacion de Empleados del Estado Libre Asociado de
Puerto Rico (AEELA), for an order requiring Borinquen Parking
Services Inc. to pay post petition rent and granting an
administrative expense claim pursuant to 11 U.S.C. section 503(a)
in the total amount of $17,022.38.

On April 1st, 2012, Borinquen Parking Services Inc. and AEELA
executed two lease agreements over two nonresidential properties
to be used as parking facilities.  Pursuant to these agreements,
Borinquen's total combined rent obligation to AEELA for each month
was $18,986.50.  This amount included, the base rent for Lease #1
in the amount of $11,686.50, and for Lease #2 in the amount of
$7,300.00, in addition to a delinquency penalty of one percent 1%
in the event of arrears.

On April 1, 2015, the agreements expired and Borinquen continued
to lease the premises on a month to month basis.  Borinquen filed
for Chapter 11 relief on February 4, 2016.  Borinquen maintained
possession and occupancy of the leased premises until February 29,
2016.

Through their motion, AEELA requested payment from Borinquen in
the amount of $18,986.50 for post-petition rent pursuant to the
expired lease agreements as an administrative expense pursuant to
11 U.S.C. section 503(a).  In response to AEELA's request,
Borinquen argued that the rents were due on the first day of each
month, and since Borinquen's voluntary petition was filed on the
4th day of February, said rents fall within the pre-petition
timeframe, and are thus excluded as an administrative expense
pursuant to Section 503(a).

Judge Tester held that the rent accrued by Borinquen from February
1 to February 3, 2016 is considered pre-petition.  However, the
judge also held that the rent accrued from the petition filing
date of February 4, 2016, to the date Borinquen vacated the
premises on February 29, 2016, results in 26 days of post-petition
rent obligations for the month of February 2016 being due and
owing as administrative expenses.  Calculating 26 days of rent
obligations on a per diem basis from a total monthly amount due of
$18,986.50, gives a prorated amount due of $17,022.38.  Therefore,
the judge concluded that the total administrative expense being
requested by AEELA should be reduced by $1,964.12 which represents
the three days of February that are part of Borinquen's accrued
pre-petition rent.

A full-text copy of Judge Tester's December 22, 2016 opinion and
order is available at
http://bankrupt.com/misc/prb16-00791-11-143.pdf

                About Borinquen Parking Services

Borinquen Parking Services, Inc. administers commercial property
for parking services, which consists of various parking lots.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 16-00791) on February 4, 2016.  The
petition was signed by Jose Rivera Garcia, president.

At the time of the filing, the Debtor estimated assets of less
than $50,000 and liabilities of less than $500,000.


OAKFABCO INC: Can File Chapter 11 Plan Through Feb. 7
-----------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois extended Oakfabco, Inc.'s exclusive
periods for filing a chapter 11 plan and soliciting acceptances to
the plan through February 7, 2017 and April 7, 2017, respectively.

Judge Schmetterer also extended the Plan Filing Deadline through
March 31, 2017.

The Debtor previously had until December 31, 2016 to file a
chapter 11 plan, and until February 28, 2017, to solicit
acceptances to the plan.

The Debtor sought the extension of its exclusive periods,
contending that it is the the policyholder under various insurance
policies that provide coverage for Asbestos Claims.  The Debtor
further contended that the issuers of such insurance are First
State Insurance Company, New England Reinsurance Company, and Twin
City Fire Insurance Company, collectively known as Hartford;
Affiliated FM Insurance Company; and American Casualty Company,
Continental Casualty Company and Columbia Casualty Company,
collectively known as CNA.

The Debtor related that it conducted negotiations with the
Settling Insurers prior to filing its Chapter 11 Case.  The Debtor
further related that those negotiations resulted in three
Insurance Settlement Agreements with the Settling Insurers that,
among other things, monetize the policies issued by the Settling
Insurers in the aggregate amount of $17,333,079.

The Debtor said that the Court had set the CNA Settlement Motion
for evidentiary hearing commencing on June 6, 2017.  The Debtor
further said that with respect to the Hartford Settlement Motion,
Hartford was directed to file a motion for partial summary
judgment on the issue of the maximum potential amount for which it
could be liable under its policies with the Debtor.  The Debtor
added that the motion had been fully briefed and taken under
advisement.

The Debtor contended that it does not appear that the Court will
rule upon either of the CNA or Hartford Settlement Motions until
sometime in 2017.

A status conference for a report on the status of the plan and
disclosure statement is scheduled on April 7, 2017 at 11:00 a.m.

               About Oakfabco, Inc.

Oakfabco, Inc, formerly known as Kewanee Boiler Corporation, has
not manufactured boilers since 1988 when it sold its Kewanee
boiler business in an 11 U.S.C. Section 363 sale to Coppus
Engineering Corporation.  In early 2009, it sold all of its
remaining assets.

The Debtor has no employees, and, Frederick W. Stein is the
Debtor's sole officer and director.  The Debtor's sole remaining
asset is its insurance, and it has no known liabilities other than
asbestos claims.

In January 1970, Kewanee Boiler Corp, then a newly-formed Illinois
Corporation, acquired the assets and debt of American Standard,
Inc.'s commercial boiler manufacturing division known as "Kewanee
Boiler."  The boilers manufactured and sold by Kewanee Boiler were
insulated with asbestos.

Oakfabco sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-27062) on Aug. 7, 2015, to resolve its remaining asbestos
claims.  The petition was signed by Frederick W. Stein, president.

Stephen T. Bobo, Esq., Aaron B. Chapin, Esq., Paul M. Singer,
Esq., Luke A. Sizemore, Esq., and Joseph D. Filloy, Esq., at Reed
Smith LLP, serves as counsel to the Debtor.

The Debtor estimated $10 million to $50 million in assets and
debt.

The U.S. Trustee for Region 11, appointed four members to the
Asbestos Claimants' Committee in the Chapter 11 bankruptcy case of
Oakfabco Inc.: Vince Holajn, William E. Gallet, Kristin Leigh
Hart, and Michael Batchelor.  The Asbestos Claimants' Committee is
represented by Frances Gecker, Esq., at FrankGecker LLP.

The Debtor tapped Logan & Company, Inc. as its claims and noticing
agent, and Alan D. Lasko and Associates, P.C. as its tax
accountant.

The Asbestos Claimants' Committee retained Henry Booth and Colin
Gray to provide insurance professional services.


ROJESIE INC: Seeks to Hire Domingo Espada as Accountant
-------------------------------------------------------
Rojesie, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to hire an accountant.

The Debtor proposes to hire Domingo Mateo Espada, a certified
public accountant, to assist in preparing its financial
statements, file tax returns, prepare the cash flow projections
needed for its disclosure statement, and provide other accounting
services related to its Chapter 11 case.

Mr. Espada will be paid an hourly rate of $50 and will receive
reimbursement for work-related expenses.

In a court filing, Mr. Espada disclosed that he is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Mr. Espada maintains an office at:

     Domingo Mateo Espada
     Urbanizacion Villas de Rio Canas
     204 San Ignacio Apartments
     Phone: 787-528-7664
     Ponce, PR 00769-2554
     Email: mateoespada@gmail.com

                      About Rojesie Inc.

Adjuntas, P.R.-based Rojesie, Inc., d/b/a Parador Villas
Sotomayor, filed for Chapter 11 bankruptcy protection (Bankr.
D.P.R. Case No. 16-08296) on Oct. 17, 2016, estimating assets and
liabilities between $1 million and $10 million.

The petition was signed by Jesus R. Ramos Puente, president.
Judge Edward A. Godoy presides over the case.  The Debtor is
represented by Justiniano Law Offices.


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


TRINIDAD & TOBAGO: Tough Year for Energy Sector
------------------------------------------------
Trinidad Express reports that the past year has been "extremely
difficult" for the energy sector globally and in Trinidad and
Tobago, the Energy Chamber has said.

"While oil prices have recovered from the depths they experienced
in the first-half of the year, they remain at low levels.  The
structural changes to oil and gas markets that led to the low-
price environment have not gone away and look set to continue,"
the chamber said in its year-end review statement, according to
Trinidad Express.

Trinidad and Tobago has no control over international prices, "but
we do have control over our levels of production," the report
notes.

"The right policy environment could lead, in time, to increased
production of both oil and natural gas.

"Over the past year production levels have continued to decline.
Even with new gas coming on stream from (bpTT and EOG's) Sercan
project and (bpTT and Atlantic's) TROC, gas production is likely
to continue to decline over the first half of 2017," the chamber
said, the report relays.

Towards the end of 2017, there should be modest increases in gas
production, with bpTT's Juniper project coming online, the report
notes.

"However, if increases in production are to be sustained, policy
decisions are required to ensure that Trinidad and Tobago is
competitive and able to attract investment capital," the Energy
Chamber stated, the report notes.

                              Tax Regime

Over the past year there have been significant discussions between
the industry and Government on the new policy environment,
including discussions around the structure of gas markets and
taxation, the chamber stated.

"However, clear detailed policy statements and actual changes to
the taxation regime have not yet been forthcoming.  Our
expectation is that these will be significantly advanced in the
first few months of 2017."

If Trinidad and Tobago is to become more competitive, it is vital
that "we deal with issues of productivity," the Chamber added.

The Energy Chamber said: "The current low, and falling, levels of
productivity in Trinidad and Tobago cannot continue if we want to
diversify and create a more sustainable and secure future for all
our citizens. Reform of the industrial relations framework and the
overall labour market is needed urgently," the report relays.

It added: "The past year was tough for the energy sector and 2017
is unlikely to be much better. However, we can change the key
policy and legislative measures that are hampering the sustainable
development of our economy and with these changes a bright future
is still possible."


* MOVIETOWNE: Forex Shortage Delays Opening
-------------------------------------------
Trinidad Express reports that the scarcity of foreign exchange has
been cited as one of the reasons for the delay in the opening of
MovieTowne's fourth branch in San Fernando.

"We were getting difficulty in getting foreign exchange to bring
in our equipment on time.  We missed the Christmas opening because
of that.  So we now have to push it back to next month,"
MovieTowne Chairman Derek Chin told the Express, according to
Trinidad Express.

The new branch, located at the C3 Shopping and Entertainment
Centre in Corinth, along the Solomon Hochoy Highway, will now
officially be opened to the public on January 18, with a media
launch on January 16, Mr. Chin said.



                            ***********


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 2017.  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.


                   * * * End of Transmission * * *