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Enron Mail |
Mark:
FYI. This is a cost estimate from Panamanian counsel which our pulp and paper group has requested that we look into. Are you okay with them proceeding further? Carol St. Clair EB 3889 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com ----- Forwarded by Carol St Clair/HOU/ECT on 02/01/2001 08:33 AM ----- rarango@arifa.com 02/01/2001 08:28 AM To: Gustavo.Junqueira@enron.com cc: Carol.St.Clair@enron.com Subject: Re: Panama Legal Inquiry Dear Gustavo, I have reviewed the Memorandum and Questions that Carol St. Clair sent me regarding a possible ISDA transaction with a counterparty in Panama. We would be glad to assist you in connection with this matter. Some of the questions you presented to us have a clear answer under Panama law. Others, such as issues of taxation and bankruptcy, are more difficult as no legislation exists on these topics in the context of derivative transactions. We estimate that researching some new issues presented by you and preparing a Memorandum of Law, as well as reviewing and revising the ISDA documentation (exhibits) and delivering opinions will take approximately a week, although we will try to get our reply back to you as soon as possible. We also estimate that our fees would be approximately $3,000 to $5,000, depending on the amount of work actually required to consummate this transaction. Please do not hesitate to call me should you have any questions. Regards, Ricardo M. Arango Arias F?brega & F?brega cc: Ms. Carol St. Clair
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