|
|
Enron Mail |
Further to discussions I have had which most of you on listing Hong Kong
weather on EOL . Here is an update for information only - no action is required. But please contact me if you have any questions. The go live date is 13 November when Paul Quilkey (Enron Australia MD) will be in Hong Kong to collect an award. The Enron counterparty will Enron Australia Finance Pty. Ltd. and the GTCs will be subject to Australian law. We are currently conducting due diligence on legal and tax issues. As Enron will not have a presence in Hong Kong the due diligence will be somewhat less than the full process. The focus is on the enforcability of a judgment against HK resident counterparties and also any restrictions on promoting the product in HK. It also appears from the attached report that there has clearance to trade with Hong Kong counterparties (activated countries page). We are also finalising the GTCs which are just awaiting details of the data source.
|