Enron Mail

From:sara.shackleton@enron.com
To:john.greene@enron.com
Subject:Instinet Corporation
Cc:stephen.douglas@enron.com, jeff.blumenthal@enron.com
Bcc:stephen.douglas@enron.com, jeff.blumenthal@enron.com
Date:Fri, 8 Sep 2000 09:46:00 -0700 (PDT)

John: I hear that you are trying to trade in the name of Enron North America
Corp. while you sit in London. Althought both ECT Investments, Inc. and
Enron North America Corp. have agreements with Instinet Corporation, those
companies are all U.S. companies without any presence in the U.K. (those
companies do not pay U.K. taxes!) I have asked the ENA tax lawyers to review
the implications of your proposed activity. I will try to speak with you
Monday before things go too far. Please provide an immediate response and
copy the tax lawyers noted above. Thanks. Sara