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Enron Mail |
(1) Our entry into ag trading, as it will entail restrictions we are not
accustomed to having to deal with. In addition to black-letter restrictions, the general political/regulatory climate and attitude is much less permissive than it is with respect to the other types of trading we've done to date. I think the risk should be thought of in three categories: (a) regulatory -- risk of an enforcement action; (b) political -- risk of alienation of legislators/regulators/powerful constituencies, which could affect all of our businesses, and © publicity -- particularly if we end up trading with farmers, and farmers suffer significant losses as a result of trading with us. I personally think all of these risks are manageable, but they must be carefully addressed, which will require appropriate training of all traders involved. (2) Trading of credit derivatives -- risk of defamation of credit liability Robert E. Bruce Senior Counsel Enron North America Corp. T (713) 345-7780 F (713) 646-3393 robert.bruce@enron.com Mark Taylor@ECT 10/25/2000 11:54 AM To: Robert Bruce/NA/Enron@Enron, Mary Cook/HOU/ECT@ECT, Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton/HOU/ECT@ECT cc: Subject: Mark Haedicke has asked me to submit a list of our "top ten legal risks" - please let me know of anything you think should be included in the list.
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