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FYI
---------------------- Forwarded by Marcus Nettelton/NA/Enron on 08/11/2000 08:26 AM --------------------------- Paul.TYO.Davis@BakerNet.com on 08/11/2000 05:45:16 AM To: Marcus.Nettelton@enron.com cc: Justin.Boyd@enron.com, john.viverito@enron.com Subject: Aluminium Trading Dear Marcus Please find our advice attached. Unfortunately we have found it not very practicable to send a compare version but you may wish to run a compare yourself as against the draft previously sent. The main changes are in relation to the Commodities Exchange Law. In short, there should be no CEL problems with respect to trading of physical aluminium, offshore or through a subsidiary in Japan, but there is a risk that trading of aluminium futures will be deemed to be "facility" in breach of the CEL, which danger is increased if the activities are conducted by a subsidiary in Japan. We have not of course at this stage reviewed any derivatives documentation. Let me know if we can help further. Best regards Paul Davis <<EnronMemo27-b.doc<< ------------------------------------------------------------------------------ -- -------- This is an e-mail from Baker & McKenzie - Tokyo Aoyama Law Office (Qualified Joint Enterprise Offices). The contents of this e-mail may be privileged and confidential and are intended only for the use of the addressee. No one else may copy, forward, disclose or use all or any of it in any form. If you are not an intended recipient, please notify us immediately (by reply e-mail) and delete this e-mail from your system. Thank you - EnronMemo27-b.doc
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