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Enron Mail |
I am working on creating a Master ISDA Agreement with HQ Energy Services
(U.S.) Inc., to be guaranteed by Hydro Quebec. In my work on this file, Hydro provided us with a form previously executed on the physical side and they also propose to reissue a guaranty to cover both physical and financial matters in an aggregate amount. Question, our Quebec counsel advised that the guaranty, if executed in Quebec, would have to also be in French pursuant to the statutue regarding government papers etc. I noticed that the prior guaranty seems only to be in English with no French, and also note that it states that it is governed by NY law. Do you think if it is governed by NY law that the actual papering in French requirement does not then apply ot Hydro Quebec as a government entity? Interesting. Please let me hear from both of you. Thanks. Mary Enron North America Corp. Mary Cook 1400 Smith, 38th Floor, Legal Houston, Texas 77002-7361 (713) 345-7732 (phone) (713) 646-3490 (fax) mary.cook@enron.com
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