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Enron Mail |
Great news! Thanks. Mark
Peter Keohane 03/20/2001 07:07 PM To: Mark E Haedicke/HOU/ECT@ECT cc: Rob Milnthorp/CAL/ECT@ECT Subject: Re: Blue Range Resource Corporation Mark, I thought you might be interested in the attached note Elizabeth kindly sent to me. I can't emphasize enough the number of significant issues we were able to accomplish in Blue Range, which included not just the first decision in Canada regarding the categorization of physicals and financials as forward contracts (we call them eligible financial contracts) entitled to protection under insolvency (which Elizabeth has referred to as the safe harbor), but also included: the first decision in Canada that a shareholders claim against management for neglect, although normally an unsecured claim is subordinated in insolvency; a decision confirming rights of set-off both before and after the insolvency; and at least quadrupling our anticipated recovery by making a bid to by Blue Range's assets out of the insolvent estate. Regards, Peter ---------------------- Forwarded by Peter Keohane/CAL/ECT on 03/20/2001 03:54 PM --------------------------- From: Elizabeth Sager on 03/20/2001 03:09 PM CST To: Peter Keohane/CAL/ECT@ECT cc: Subject: Re: Blue Range Resource Corporation Peter Just wanted to let you know that all the great work in Blue Range is paying off in the US - citing Blue Range, a Houston bankruptcy court correctly decided that a gas contract was a forward contract relative to the US safe harbor provisions. If you want a copy of the opinion let me know. Hope all is well. Elizabeth 713 853 6349
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