January 29, 2008  
* Chadbourne & Parke Expands London Office for Staff Additions
The international law firm of Chadbourne & Parke is expanding
its London offices, adding over 1,000 square meters or 10,800
square feet to its Regis House location on King William Street...
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* Large Companies with Insolvent Balance Sheet
                                Shareholders    Total   Working
                                    Equity      Assets   Capital
                          Ticker    (US$MM)    (US$MM)   (US$MM)
                          ------ -----------  -------   --------...
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ALITALIA SPA: Political Crisis Spurs Parties to Speed Up Talks
Alitalia S.p.A. and Air France-KLM want to finalize the offer
sheet for the Italian government's 49.9% stake in the national
carrier weeks before the agreed deadline, Thomson Financial
reports citing Finanza & Mercati as its source...
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KHAMSIN CREDIT: Moody's Cuts Rating to B3 on Series 6 Notes
Moody's Investors Service downgraded to B3 from Aaa and left
under review for further downgrade the Series 6 US$55,625,000
Leveraged Super Senior Portfolio Credit Linked Notes due 2041
issued by Khamsin Credit Products (Netherlands) B.V.
Approximately...
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PIN GROUP: Private Equity Firms In Talks to Acquire Business
The Blackstone Group, Kohlberg Kravis Roberts & Co., Advent
International Corp. have expressed interest in acquiring PIN
Group AG, which is expected to go bust at the end of February,
Bloomberg News reports, citing Focus...
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PROPEX INC: Gets Interim OK to Use BNP Paribas' Cash Collateral
The Hon. John C. Cook of the U.S. Bankruptcy Court for the
Eastern District of Tennessee authorizes Propex Inc. and its
debtor-affiliates, on an interim basis, to use BNP Paribas
Securities Corp.'s cash collateral, pursuant to and limited by
the provisions...
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REAL ESTATE: High Court Orders Winding Up Proceedings
The High Court wound up Real Estate (Midlands) Ltd. on
Jan. 3, 2008, following an investigation by the Companies
Investigation Branch of the Insolvency Services...
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SANTANDER HIPOTECARIO 4: Fitch Junks EUR14.8 Mln Class F Notes
Fitch Ratings has assigned Fondo de Titulizacion de Activos,
Santander Hipotecario 4's notes totaling EUR1.245 billion due in
October 2050, final ratings are:...
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