Are you getting the same old error message even though your iptables settings for OpenVZ are correct?
iptables v1.3.5: can't initialize iptables table `nat': Table does not exist (do you need to insmod?)
Perhaps iptables or your kernel needs to be upgraded.
The reason is because in newer vzctl the old way of setting IPTABLES="" in vz.conf is completely deprecated (I spent some time fiddling wondering why my settings were correct but........
ip_conntrack: table full, dropping packet.
A lot of clients I've seen have this issue, it really seems the default level is way too small. Once this connection tracking table becomes full then packets get dropped which is obviously a bad thing.
One thing to be mindful of though is that 350 bytes of memory are used per entry so there is some justification for not keeping it too high. However, if you have multiple servers running or high traffic daemons........