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Enron Mail |
Justin
I have informed Taiwan counsel of the metals we plan to trade. They are now= =20 checking which products are restricted or prohibited for both oils and=20 metals. In any case, the responsibility for applying for import approval=20 would be that of the Taiwan counterparty being the importer of record. Some further clarifications on IV Issues relating to EnronOnline: 3. "No" is intended to mean there would be no "doing business" exposure to= =20 Enron marketing and transacting via the internet. 5. "No" is intended to mean that the Taiwan counterparty would remain liabl= e=20 for a trade done by an unauthorised person using the Taiwan counterparty's= =20 password. My proposed summary would be: Taiwan Generally free to trade physical/derivatives oil and metals. Certain commodities may be restricted/prohibited. Await additional advice o= n=20 which commodities are restricted/prohibited. Importer's responsibility to obtain approval for restricted/prohibited=20 commodities. Local counterparties are permitted to purchase USD50 million each calendar= =20 year beyond which Central Bank approval required on a case by case basis. Possible withholding tax impact (up to 20%) on deivatives income. Hope the above is helpful Matt Justin Boyd 09/25/2000 03:50 PM To: Angeline Poon/SIN/ECT@ECT, Matthias Lee/SIN/ECT@ECT cc: Robert Quick/LON/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT=20 Subject: Re: Survey of Taiwan Law =20 Angela, Matt Thanks vey much for this. =20 So far as the physical metals are concerned, these include copper, nickel,= =20 aluminium, lead, zinc and tin. If you need any further information, please= =20 let me know. It may be sensible at this stage also to ask counsel whether= =20 there are any restrictions concerning other physical crude products (not ju= st=20 liquid fuel). In the interests of time, you might find it quicker to put i= n=20 a call to counsel on these points. If you could also prepare a short description for the purposes of the=20 EnronOnline weekly report (say by this Thursday) - this should be reasonabl= y=20 simple since few issues appear to remain. The format of the last one I=20 prepared is attached for your info. Thanks. Justin Angeline Poon 25/09/2000 03:21 To: Alan Aronowitz/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT, Edmund=20 Cooper/LON/ECT@ECT, Nicola Beales/LON/ECT@ECT cc: Matthias Lee/SIN/ECT@ECT=20 Subject: Survey of Taiwan Law Messrs. Lee & Li's opinion FYI. ---------------------- Forwarded by Angeline Poon/SIN/ECT on 25/09/2000 10:= 07=20 --------------------------- yddeng [=12_H=12 U=12'?] <yddeng@leeandli.com< on 22/09/2000 23:56:17 To: "'Matthias.Lee@enron.com'" <Matthias.Lee@enron.com< cc: =20 Subject: Survey of Taiwan Law <<Taiwan Survey.doc<< <<Taiwan Survey email0922.doc<< Lee and Li, Attorneys-at-Law 7th Floor, 201, Tun Hun N. Road, Taipei 105, Taiwan R.O.C. Tel.: 886-2-2715-3300 Fax: 886-2-2713-3999 Email: attorneys@leeandli.com <mailto:attorneys@leeandli.com< ------------------------------------------------------------------------ This e-mail transmission is intended only for the use of the individual or entity to which it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this transmission in error, please notify us immediately, and return the original message to us at the above address. We greatly appreciate your cooperation. - Taiwan Survey.doc - Taiwan Survey email0922.doc
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