/raid1/www/Hosts/bankrupt/TCRLA_Public/120104.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
L A T I N A M E R I C A
Wednesday, January 4, 2012, Vol. 13, No. 003
Headlines
A N T I G U A & B A R B U D A
LIAT: Possible Merger With CAL Gets Growing Support
STANFORD INT'L: Owner Asks for Another Delay
B E R M U D A
EMERGING MARKETS: Creditors' Proofs of Debt Due Jan. 18
EMERGING MARKETS: Members' Final Meeting Set for Jan. 24
LW INVESTMENTS: Creditors' Proofs of Debt Due Jan. 13
MAN PERFORMANCE: Creditors' Proofs of Debt Due Jan. 4
MAN PERFORMANCE: Member to Receive Wind-Up Report on Jan. 23
MGSIS CLASS: Creditors' Proofs of Debt Due Jan. 4
MGSIS CLASS: Member to Receive Wind-Up Report on Jan. 23
MI INVESTMENTS: Creditors' Proofs of Debt Due Jan. 18
MI INVESTMENTS: Members' Final Meeting Set for Jan. 24
PARK INVESTMENTS II: Creditors' Proofs of Debt Due Jan. 4
PARK INVESTMENTS II: Members' Final Meeting Set for Jan. 26
PARK INVESTMENTS III: Creditors' Proofs of Debt Due Jan. 4
PARK INVESTMENTS III: Members' Final Meeting Set for Jan. 26
PARK PLACE: Creditors' Proofs of Debt Due Jan. 18
PARK PLACE: Members' Final Meeting Set for Jan. 24
PARK PLACE: Creditors' Proofs of Debt Due Jan. 18
PARK PLACE: Members' Final Meeting Set for Jan. 24
PARK PLACE: Creditors' Proofs of Debt Due Jan. 18
PARK PLACE: Members' Final Meeting Set for Jan. 24
PFIZER HOLDINGS: Creditors' Proofs of Debt Due Jan. 13
C A Y M A N I S L A N D S
ABSOLUTE RETURN: Creditors' Proofs of Debt Due Jan. 4
ALMAL CAPITAL: Creditors' Proofs of Debt Due Jan. 4
ALMAL PRIVATE: Creditors' Proofs of Debt Due Jan. 4
AXIO HEDGE: Placed Under Voluntary Wind-Up
BLACKSTONE AQUAMARINE: Commences Liquidation Proceedings
BLACKSTONE C OFFSHORE: Commences Liquidation Proceedings
BLACKSTONE CD: Commences Liquidation Proceedings
BLACKSTONE MTCS: Commences Liquidation Proceedings
BLACKSTONE PS: Commences Liquidation Proceedings
BLACKSTONE Z OFFSHORE: Commences Liquidation Proceedings
CALVA FUNDING: Creditors' Proofs of Debt Due Jan. 4
DEAR PROPERTIES: Creditors' Proofs of Debt Due Jan. 4
EAST LANE: Creditors' Proofs of Debt Due Jan. 9
EAST LANE: Creditors' Proofs of Debt Due Jan. 9
JPMORGAN ALTERNATIVE: Creditors' Proofs of Debt Due Jan. 4
KOHINOOR SERIES: Creditors' Proofs of Debt Due Jan. 4
LB MWB: Creditors' Proofs of Debt Due Jan. 4
LOOMIS SAYLES: Creditors' Proofs of Debt Due Jan. 4
SOCRATE INVESTMENTS: Placed Under Voluntary Wind-Up
SSF III FATHER: Placed Under Voluntary Wind-Up
SSF III YZ: Placed Under Voluntary Wind-Up
ZEBRA FINANCE: Creditors' Proofs of Debt Due Jan. 4
T R I N I D A D & T O B A G O
HINDU CREDIT UNION: EX Exec Says Government Fooling Investors
- - - - -
===============================
A N T I G U A & B A R B U D A
===============================
LIAT: Possible Merger With CAL Gets Growing Support
---------------------------------------------------
RJR News reports that support is growing for a suggestion that
there be a merger between Caribbean Airlines Limited and Leeward
Islands Air Transport.
As reported in the Troubled Company Reporter-Latin America on
Jan. 3, 2012, Antigua Caribarena said that former Antigua
Aviation Minister Robin Yearwood wants to see a merger between
Leeward Islands Air Transport (LIAT) and the Trinidad and Tobago-
owned Caribbean Airlines Limited, as he believes this is the only
way the Antigua-based regional carrier can survive. Mr.
Yearwood's call came against the background of media reports out
of Port of Spain that suggested CAL's management may be eyeing
expansion into the OECS territories, according to Antigua
Caribarena. "LIAT's only salvation is to get into some
arrangement with CAL as it is in the best interest of LIAT. It
is LIAT's only salvation!" the report quoted Mr. Yearwood as
saying. "Small airlines are not going to survive in this
environment unless prices (for tickets) go through the roof. The
difficulties LIAT is experiencing today are also being felt by
small airlines around the world. Caribbean people have to face
these realities. It's time to begin negotiations with CAL," Mr.
Yearwood urged, the report related.
About LIAT
Headquartered in V. C. Bird International Airport in Saint George
Parish, Antigua, Leeward Islands Air Transport, known as LIAT
operates high-frequency interisland scheduled services serving 22
destinations in the Caribbean. The airline's main base is VC
Bird International Airport, Antigua and Barbuda, with bases at
Grantley Adams International Airport, Barbados and Piarco
International Airport, Trinidad and Tobago.
STANFORD INT'L: Owner Asks for Another Delay
--------------------------------------------
Caribarena Antigua News reports that Robert Allen Stanford has
again asked for a postponement of his upcoming trial, this time
citing the withdrawal of his expert witnesses.
The experts reportedly quit last week after the US Court of
Appeals decided to modify and limit the budget for experts, and
withhold payments until the trial is completed, according to
Caribarena Antigua News. The report relates that the Court has
control over Mr. Stanford's defense, since it is publicly funded.
Caribarena Antigua News notes that Mr. Stanford's lead attorney,
Ali Fazel, has asked for a three-month delay. So far, Mr. Fazel
has had no luck with U.S. District Judge David Hittner, the
report relates.
Caribarena Antigua News discloses that Mr. Fazel, citing court
documents, said that prosecutors would not oppose a one-week
delay in the deadline for filing expert reports.
The report recalls that U.S Attorney Gregg Costa said that he
would be willing to wait six to eight weeks to give Mr. Stanford
more time to review documents in his case with his attorneys.
As reported in the Troubled Company Reporter on Dec. 19, 2011,
Caribbean360.com said that United States federal prosecutors have
asked a district judge to find accused Ponzi schemer Mr. Stanford
competent to stand trial, charging that he continues to "fake"
memory loss to avoid his January 23 court date. Mr. Stanford is
the owner of Stanford International Bank Limited. The claim is
outlined in court documents filed ahead of Stanford's competency
hearing on Dec. 20, according to Caribbean360.com.
About Stanford International Bank
Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under
management or advisement. Stanford Private Wealth Management
serves more than 70,000 clients in 140 countries.
On Feb. 16, 2009, the U.S. District Court for the Northern
District of Texas, Dallas Division, signed an order appointing
Ralph Janvey as receiver for all the assets and records of
Stanford International Bank, Ltd., Stanford Group Company,
Stanford Capital Management, LLC, Robert Allen Stanford, James M.
Davis and Laura Pendergest-Holt and of all entities they own or
control. The February 16 order, as amended March 12, 2009,
directs the Receiver to, among other things, take control and
possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.
The U.S. Securities and Exchange Commission on Feb. 17, 2009,
charged before the U.S. District Court in Dallas, Texas, Mr.
Stanford and three of his companies for orchestrating a
fraudulent, multi-billion dollar investment scheme centering on a
US$8 billion Certificate of Deposit program.
A criminal case was also pursued against Mr. Stanford in June
2009 before the U.S. District Court in Houston, Texas. Mr.
Stanford pleaded not guilty to 21 charges of multi-billion dollar
fraud, money-laundering and obstruction of justice. Assistant
Attorney General Lanny Breuer, as cited by Agence France-Presse
News, said in a 57-page indictment that Mr. Stanford could face
up to 250 years in prison if convicted on all charges. Mr.
Stanford surrendered to U.S. authorities after a warrant was
issued for his arrest on the criminal charges.
The criminal case is U.S. v. Stanford, H-09-342 (S.D. Tex.). The
civil case is SEC v. Stanford International Bank, 09-cv-00298
(N.D. Tex.).
=============
B E R M U D A
=============
EMERGING MARKETS: Creditors' Proofs of Debt Due Jan. 18
-------------------------------------------------------
The creditors of Emerging Markets Value Realisation Limited are
required to file their proofs of debt by Jan. 18, 2012, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
EMERGING MARKETS: Members' Final Meeting Set for Jan. 24
--------------------------------------------------------
The members of Emerging Markets Value Realisation Limited will
hold their final meeting on Jan. 24, 2012, at 10:00 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
LW INVESTMENTS: Creditors' Proofs of Debt Due Jan. 13
-----------------------------------------------------
The creditors of LW Investments Limited are required to file
their
proofs of debt by Jan. 13, 2012, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Dec. 15, 2011.
The company's liquidators are:
Wanda Mello
Ernst & Young Ltd.
3 Bermudiana Road, Hamilton HM 08
Bermuda; and
Rob McMahon
Ernst & Young Ltd.
62 Forum Lane, Camana Bay
Grand Cayman Islands
MAN PERFORMANCE: Creditors' Proofs of Debt Due Jan. 4
-----------------------------------------------------
The creditors of Man Performance Bond Dollar Trading Limited are
required to file their proofs of debt by Jan. 4, 2012, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Dec. 20, 2011.
The company's liquidator is:
Beverly Mathias
c/ o Argonaut Limited
Argonaut House, 5 Park Road
Hamilton HM O9
Bermuda
MAN PERFORMANCE: Member to Receive Wind-Up Report on Jan. 23
------------------------------------------------------------
The member of Man Performance Bond Dollar Trading Limited will
receive on Jan. 23, 2012, at 9:30 a.m., the liquidator's report
on the company's wind-up proceedings and property disposal.
The company commenced wind-up proceedings on Dec. 20, 2011.
The company's liquidator is:
Beverly Mathias
c/ o Argonaut Limited
Argonaut House, 5 Park Road
Hamilton HM O9
Bermuda
MGSIS CLASS: Creditors' Proofs of Debt Due Jan. 4
-------------------------------------------------
The creditors of MGSIS Class K AP Enhanced Trading Ltd are
required to file their proofs of debt by Jan. 4, 2012, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Dec. 20, 2011.
The company's liquidator is:
Beverly Mathias
c/ o Argonaut Limited
Argonaut House, 5 Park Road
Hamilton HM O9
Bermuda
MGSIS CLASS: Member to Receive Wind-Up Report on Jan. 23
--------------------------------------------------------
The member of MGSIS Class K AP Enhanced Trading Ltd will receive
on Jan. 23, 2012, at 9:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.
The company commenced wind-up proceedings on Dec. 20, 2011.
The company's liquidator is:
Beverly Mathias
c/ o Argonaut Limited
Argonaut House, 5 Park Road
Hamilton HM O9
Bermuda
MI INVESTMENTS: Creditors' Proofs of Debt Due Jan. 18
-----------------------------------------------------
The creditors of MI Investments (Bermuda) Limited are required to
file their proofs of debt by Jan. 18, 2012, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
MI INVESTMENTS: Members' Final Meeting Set for Jan. 24
------------------------------------------------------
The members of MI Investments (Bermuda) Limited will hold their
final meeting on Jan. 24, 2012, at 11:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
PARK INVESTMENTS II: Creditors' Proofs of Debt Due Jan. 4
---------------------------------------------------------
The creditors of Park Investments II Ltd. are required to file
their proofs of debt by Jan. 4, 2012, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Dec. 14, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
PARK INVESTMENTS II: Members' Final Meeting Set for Jan. 26
-----------------------------------------------------------
The members of Park Investments II Ltd. will hold their final
meeting on Jan. 26, 2012, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company commenced wind-up proceedings on Dec. 14, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
PARK INVESTMENTS III: Creditors' Proofs of Debt Due Jan. 4
----------------------------------------------------------
The creditors of Park Investments III Ltd. are required to file
their proofs of debt by Jan. 4, 2012, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Dec. 14, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
PARK INVESTMENTS III: Members' Final Meeting Set for Jan. 26
------------------------------------------------------------
The members of Park Investments III Ltd. will hold their final
meeting on Jan. 26, 2012, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company commenced wind-up proceedings on Dec. 14, 2011.
The company's liquidator is:
Robin J. Mayor
Clarendon House, 2 Church Street
Hamilton HM 11
Bermuda
PARK PLACE: Creditors' Proofs of Debt Due Jan. 18
-------------------------------------------------
The creditors of Park Place Europe Limited are required to file
their proofs of debt by Jan. 18, 2012, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
PARK PLACE: Members' Final Meeting Set for Jan. 24
--------------------------------------------------
The members of Park Place Europe Limited will hold their final
meeting on Jan. 24, 2012, at 10:15 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
PARK PLACE: Creditors' Proofs of Debt Due Jan. 18
-------------------------------------------------
The creditors of Park Place Europe Master Fund Limited are
required to file their proofs of debt by Jan. 18, 2012, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
PARK PLACE: Members' Final Meeting Set for Jan. 24
--------------------------------------------------
The members of Park Place Europe Master Fund Limited will hold
their final meeting on Jan. 24, 2012, at 10:30 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
PARK PLACE: Creditors' Proofs of Debt Due Jan. 18
-------------------------------------------------
The creditors of Park Place Galileo Limited are required to file
their proofs of debt by Jan. 18, 2012, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
PARK PLACE: Members' Final Meeting Set for Jan. 24
--------------------------------------------------
The members of Park Place Galileo Limited will hold their final
meeting on Jan. 24, 2012, at 10:45 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company commenced wind-up proceedings on Dec. 19, 2011.
The company's liquidator is:
Nicholas Hoskins
Victoria Place
31 Victoria Street, Hamilton HM 10
Bermuda
PFIZER HOLDINGS: Creditors' Proofs of Debt Due Jan. 13
------------------------------------------------------
The creditors of Pfizer Holdings Bermuda Limited are required to
file their proofs of debt by Jan. 13, 2012, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Dec. 15, 2011.
The company's liquidators are:
Wanda Mello
Ernst & Young Ltd.
3 Bermudiana Road, Hamilton HM 08
Bermuda; and
Rob McMahon
Ernst & Young Ltd.
62 Forum Lane, Camana Bay
Grand Cayman Islands
===========================
C A Y M A N I S L A N D S
===========================
ABSOLUTE RETURN: Creditors' Proofs of Debt Due Jan. 4
-----------------------------------------------------
The creditors of The Absolute Return Fund Limited are required to
file their proofs of debt by Jan. 4, 2012, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on Nov. 21, 2011.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
ALMAL CAPITAL: Creditors' Proofs of Debt Due Jan. 4
---------------------------------------------------
The creditors of Almal Capital Ltd. are required to file their
proofs of debt by Jan. 4, 2012, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on Nov. 18, 2011.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
ALMAL PRIVATE: Creditors' Proofs of Debt Due Jan. 4
---------------------------------------------------
The creditors of Almal Private Equity GP Ltd. are required to
file their proofs of debt by Jan. 4, 2012, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on Nov. 21, 2011.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
AXIO HEDGE: Placed Under Voluntary Wind-Up
------------------------------------------
On Nov. 22, 2011, the sole shareholder of Axio Hedge Fund SPC
resolved to voluntarily wind up the company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 26, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Kim Smith
Telephone: (345) 949-9876
Facsimile: (345) 949-9877
89 Nexus Way Camana Bay
Grand Cayman KY1-9007
Cayman Islands
BLACKSTONE AQUAMARINE: Commences Liquidation Proceedings
--------------------------------------------------------
On Nov. 23, 2011, the sole shareholder of The Blackstone
Aquamarine Fund Ltd. passed a resolution that voluntarily
liquidates the company's business.
Only creditors who were able to file their proofs of debt by
Dec. 26, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Samuel A.D. Young
Cayman Corporate Centre
27 Hospital Road
George Town
Grand Cayman KY1-1109
Cayman Islands
BLACKSTONE C OFFSHORE: Commences Liquidation Proceedings
--------------------------------------------------------
On Nov. 23, 2011, the sole shareholder of Blackstone C Offshore
Fund Ltd. passed a resolution that voluntarily liquidates the
company's business.
Only creditors who were able to file their proofs of debt by
Dec. 26, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Samuel A.D. Young
Cayman Corporate Centre
27 Hospital Road
George Town
Grand Cayman KY1-1109
Cayman Islands
BLACKSTONE CD: Commences Liquidation Proceedings
------------------------------------------------
On Nov. 23, 2011, the sole shareholder of Blackstone CD Offshore
Fund Ltd. passed a resolution that voluntarily liquidates the
company's business.
Only creditors who were able to file their proofs of debt by
Dec. 26, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Samuel A.D. Young
Cayman Corporate Centre
27 Hospital Road
George Town
Grand Cayman KY1-1109
Cayman Islands
BLACKSTONE MTCS: Commences Liquidation Proceedings
--------------------------------------------------
On Nov. 23, 2011, the sole shareholder of Blackstone MTCS
Offshore Fund Ltd. passed a resolution that voluntarily
liquidates the company's business.
Only creditors who were able to file their proofs of debt by
Dec. 26, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Peter M.O. Young
Cayman Corporate Centre
27 Hospital Road
George Town
Grand Cayman KY1-1109
Cayman Islands
BLACKSTONE PS: Commences Liquidation Proceedings
------------------------------------------------
On Nov. 23, 2011, the sole shareholder of Blackstone PS Offshore
Fund Ltd. passed a resolution that voluntarily liquidates the
company's business.
Only creditors who were able to file their proofs of debt by
Dec. 26, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Samuel A.D. Young
Cayman Corporate Centre
27 Hospital Road
George Town
Grand Cayman KY1-1109
Cayman Islands
BLACKSTONE Z OFFSHORE: Commences Liquidation Proceedings
--------------------------------------------------------
On Nov. 23, 2011, the sole shareholder of Blackstone Z Offshore
Fund Ltd. passed a resolution that voluntarily liquidates the
company's business.
Only creditors who were able to file their proofs of debt by
Dec. 26, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Samuel A.D. Young
Cayman Corporate Centre
27 Hospital Road
George Town
Grand Cayman KY1-1109
Cayman Islands
CALVA FUNDING: Creditors' Proofs of Debt Due Jan. 4
---------------------------------------------------
The creditors of Calva Funding Limited are required to file their
proofs of debt by Jan. 4, 2012, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on Nov. 25, 2011.
The company's liquidator is:
David Dyer
Boundary Hall, Cricket Square
171 Elgin Avenue
PO Box 1984 Grand Cayman KY1-1104
Cayman Islands
DEAR PROPERTIES: Creditors' Proofs of Debt Due Jan. 4
-----------------------------------------------------
The creditors of Dear Properties Ltd. are required to file their
proofs of debt by Jan. 4, 2012, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on Nov. 24, 2011.
The company's liquidator is:
David Dyer
Boundary Hall, Cricket Square
171 Elgin Avenue
PO Box 1984 Grand Cayman KY1-1104
Cayman Islands
EAST LANE: Creditors' Proofs of Debt Due Jan. 9
-----------------------------------------------
The creditors of East Lane Re Ltd. are required to file their
proofs of debt by Jan. 9, 2012, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Nov. 22, 2011.
The company's liquidators are:
Dena Thompson
Laura McLaughlin
PO Box 10233 171 Elgin Avenue, George Town
The Pavilion Building, Cricket Square
Grand Cayman KY1-1002
Telephone: 914-2264
Facsimile: 949-6021
EAST LANE: Creditors' Proofs of Debt Due Jan. 9
-----------------------------------------------
The creditors of East Lane Re II Ltd. are required to file their
proofs of debt by Jan. 9, 2012, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Nov. 22, 2011.
The company's liquidators are:
Dena Thompson
Laura McLaughlin
PO Box 10233 171 Elgin Avenue, George Town
The Pavilion Building, Cricket Square
Grand Cayman KY1-1002
Telephone: 914-2264
Facsimile: 949-6021
JPMORGAN ALTERNATIVE: Creditors' Proofs of Debt Due Jan. 4
----------------------------------------------------------
The creditors of JPMorgan Alternative Investment Strategies SPC,
Ltd. are required to file their proofs of debt by Jan. 4, 2012,
to be included in the company's dividend distribution.
The company commenced liquidation proceedings on Nov. 11, 2011.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
KOHINOOR SERIES: Creditors' Proofs of Debt Due Jan. 4
-----------------------------------------------------
The creditors of Kohinoor Series Two Fund are required to file
their proofs of debt by Jan. 4, 2012, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on Nov. 21, 2011.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
LB MWB: Creditors' Proofs of Debt Due Jan. 4
--------------------------------------------
The creditors of LB MWB Holdings Ltd. are required to file their
proofs of debt by Jan. 4, 2012, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on Nov. 3, 2011.
The company's liquidator is:
Walkers Corporate Services Limited
Walker House, 87 Mary Street, George Town
Grand Cayman KY1-9005
Cayman Islands
c/o Jennifer Chailler
Telephone: (345) 814 6847
LOOMIS SAYLES: Creditors' Proofs of Debt Due Jan. 4
---------------------------------------------------
The creditors of Loomis Sayles FIM CBO 1, Limited are required to
file their proofs of debt by Jan. 4, 2012, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on Nov. 24, 2011.
The company's liquidator is:
David Dyer
Boundary Hall, Cricket Square
171 Elgin Avenue
PO Box 1984 Grand Cayman KY1-1104
Cayman Islands
SOCRATE INVESTMENTS: Placed Under Voluntary Wind-Up
---------------------------------------------------
On Nov. 22, 2011, the shareholders of Socrate Investments Limited
resolved to voluntarily wind up the company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 30, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Buchanan Limited
c/o Rose Ferguson
Telephone: (345) 949-0355
Facsimile: (345) 949-0360
P.O. Box 1170 Grand Cayman KY1-1102
Cayman Islands
SSF III FATHER: Placed Under Voluntary Wind-Up
----------------------------------------------
On Nov. 18, 2011, the sole shareholder of SSF III Father
Holdings, Ltd. resolved to voluntarily wind up the company's
operations.
Only creditors who were able to file their proofs of debt by
Dec. 28, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Madeleine Welham
Telephone: (345) 815-1750
89 Nexus Way Camana Bay
Grand Cayman KY1-9007
Cayman Islands
SSF III YZ: Placed Under Voluntary Wind-Up
------------------------------------------
On Nov. 18, 2011, the sole shareholder of SSF III YZ Holdings,
Ltd. resolved to voluntarily wind up the company's operations.
Only creditors who were able to file their proofs of debt by
Dec. 28, 2011, will be included in the company's dividend
distribution.
The company's liquidator is:
Ogier
c/o Madeleine Welham
Telephone: (345) 815-1750
89 Nexus Way Camana Bay
Grand Cayman KY1-9007
Cayman Islands
ZEBRA FINANCE: Creditors' Proofs of Debt Due Jan. 4
---------------------------------------------------
The creditors of Zebra Finance are required to file their proofs
of debt by Jan. 4, 2012, to be included in the company's dividend
distribution.
The company commenced liquidation proceedings on Nov. 24, 2011.
The company's liquidator is:
David Dyer
Boundary Hall, Cricket Square
171 Elgin Avenue
PO Box 1984 Grand Cayman KY1-1104
Cayman Islands
===============================
T R I N I D A D & T O B A G O
===============================
HINDU CREDIT UNION: EX Exec Says Government Fooling Investors
-------------------------------------------------------------
Julien Neaves at Trinidad Express reports that former Hindu
Credit Union President Harry Harnarine said that the Trinidad and
Tobago government is "fooling" depositors and shareholders with
its "Offer of Relief" and any attempt at payments would be
prevented by legal complications.
"Government playing with the emotions of the people. . . .
(Government) cannot pay (depositors and shareholders) because the
court given decision was to have a stay of liquidation," Mr.
Harnarine told the Trinidad Express in a telephone.
Trinidad Express relates that Mr. Harnarine also pointed out that
the clause in the Offer of Relief was for credit union members to
transfer their rights to the government.
Mr. Harnarine, Trinidad Express relates, argued that members
would be in contempt of court if they gave up their rights, as a
credit union share was vested in the society, and this would be
blocked by the State Solicitor and attorneys. Mr. Harnarine said
for members to transfer their rights, the liquidator would have
to call a special general meeting and all shareholders would have
to agree that the assets of the credit union be assigned to the
government relays.
Mr. Harnarine reiterated that this administration, similar to the
previous PNM administration, has not approached him or his
lawyers on the payout decision, and predicted that they could
work together to formulate remedies and solutions, the report
adds.
As reported in the Troubled Company Reporter Dec. 20, 2011,
Trinidad & Tobago Newsday said that Vasant Bharath, Trinidad and
Tobago acting finance minister, will start processing
applications for depositors of the Hindu Credit Union. Mr.
Bharath said that persons with deposits of up to a maximum of
TT$75,000 will be paid and the ministry was working hard on it so
persons can get their money before Christmas, according to
Trinidad & Tobago Newsday. The report related that Mr. Bharath
said the ministry got signatures from the Commissioner of Co-
operatives and the Ministry of Labor and they were waiting on the
liquidator to send them the listing of people so they can begin
making payment.
About HCU
Hindu Credit Union Co-Operative Society Limited (HCU)
-- http://www.ourhcu.com/-- is headquartered in Borough,
Chaguanas, in Trinidad and Tobago.
* * *
The failed credit union was put into liquidation by the
government in 2009. As reported in the Troubled Company
Reporter-Latin America on July 28, 2008, the High Court of
Trinidad and Tobago granted the government full control of Hindu
Credit as the company faces financial difficulties, leaving
depositors in limbo despite requests from lawyers. In June 2008,
chartered accountants Ernst
and Young inspected Hindu Credit's books, accounts, and records
after a public outcry and calls for an internal audit. Charles
Mitchell, the Commissioner for Co-Operative Development,
represents Hindu Credit's depositors.
***********
Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable. Those
sources may not, however, be complete or accurate. The Monday
Bond Pricing table is compiled on the Friday prior to
publication. Prices reported are not intended to reflect actual
trades. Prices for actual trades are probably different. Our
objective is to share information, not make markets in publicly
traded securities. Nothing in the TCR-LA constitutes an offer or
solicitation to buy or sell any security of any kind. It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.
Tuesday's edition of the TCR-LA features a list of companies with
insolvent balance sheets obtained by our editors based on the
latest balance sheets publicly available a day prior to
publication. At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled. Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets. A company may establish reserves on its balance
sheet for liabilities that may never materialize. The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.
A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR-LA. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com
***********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine
T. Fernandez, Valerie U. Pascual, Ivy B. Magdadaro, Frauline S.
Abangan, and Peter A. Chapman, Editors.
Copyright 2012. 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$625 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 Chapman at 240/629-3300.
* * * End of Transmission * * *