|
|
Enron Mail |
Please consider the attached e-mail from your perspective as we consider the
feasibility of forming a Canadian subsidiary of DealBench L.L.C., a Delaware limited liability company wholly-owned by Enron Net Works, LLC. DealBench conducts an e-commerce business facilitating the conduct of transactions on the Internet through licensing arrangements. Brenda Funk had suggested you as a starting point from the tax perspective which usually is the primary driver of these types of issues. Let us know if we can provide additional information. Thanks for your help. Regards, NJD Nora J. Dobin Senior Counsel Enron Global Finance Enron Corp. 1400 Smith Street Houston, Texas 77002 713/345-7723 (phone) 713/853-9252 (fax) E-mail: nora.dobin@enron.com ----- Forwarded by Nora Dobin/Corp/Enron on 02/13/01 09:21 AM ----- Nora Dobin 01/29/01 10:59 AM To: Brenda L Funk/HOU/ECT@ECT cc: Ross Mesquita/NA/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, rbaird@velaw.com Subject: Re: DealBench Canada Brenda, could you please investigate formation of a DealBench subsidiary formed under Canadian (Ontario) law? Initial issues include limited liability status (form of entity), control (any necessity for Canadian ownership or representation in management?), repatriation, tax, timing, and cost of formation and maintenance. At this point, we only are ascertaining feasibility. Depending upon whether this seems practical, we should at some point involve appropriate ENA tax and accounting teams. Let me know results of initial investigation and we can determine next steps. If we need outside counsel input on Canadian issues, start with Bob Baird for direction. Thanks, NJD Nora J. Dobin Senior Counsel Enron Global Finance Enron Corp. 1400 Smith Street Houston, Texas 77002 713/345-7723 (phone) 713/853-9252 (fax) E-mail: nora.dobin@enron.com ----- Forwarded by Nora Dobin/Corp/Enron on 01/29/01 10:18 AM ----- Ross Mesquita 01/29/01 10:14 AM To: Nora Dobin/Corp/Enron@ENRON cc: Subject: Re: DealBench Canada You got it -- Ontario it is. Nora Dobin 01/29/2001 10:08 AM To: Ross Mesquita/NA/Enron@ENRON cc: Subject: Re: DealBench Canada Is subject province Ontario? Nora J. Dobin Senior Counsel Enron Global Finance Enron Corp. 1400 Smith Street Houston, Texas 77002 713/345-7723 (phone) 713/853-9252 (fax) E-mail: nora.dobin@enron.com Ross Mesquita 01/29/01 09:55 AM To: Nora Dobin/Corp/Enron@ENRON cc: Subject: Re: DealBench Canada Yes -- the sub would have to set up to give the appearance that DealBench deals conducted for Canada are conducted by a Canadian company. Thanks, Ross Nora Dobin 01/29/2001 09:51 AM To: Ross Mesquita/NA/Enron@ENRON cc: Subject: Re: DealBench Canada Would the sub be formed under Canadian law? Seems it would need to be to achieve goal. Let me know and I'll investigate. Nora J. Dobin Senior Counsel Enron Global Finance Enron Corp. 1400 Smith Street Houston, Texas 77002 713/345-7723 (phone) 713/853-9252 (fax) E-mail: nora.dobin@enron.com Ross Mesquita 01/28/01 04:20 PM To: Nora Dobin/Corp/Enron@ENRON cc: Subject: DealBench Canada Nora, We may have an opportunity to do several auctions for the Ontario Electricity Finance Corp through a contact I have at Enron Canada (Aleck Dadson). Aleck mentioned that we might have a better chance to close the deal if DealBench could be presented as a Canadian product. How difficult, costly and time intensive would it be to create a sub called DealBench Canada (or DealBench Maple Leaf or whatever)? Just wanted to get your thoughts on whether this is even a possibility. Regards, Ross
|