Brazail dispute resolution forum

John:

What is the status on this? I now have Eddie Daniels dedicated full time to
Cuiba. Hopefully that will help you some.

Regards,

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 02/21/2001 02:16 PM -----

David M Rosenberg@ENRON
02/14/2001 05:41 PM

To: Mark E Haedicke@ECT
cc: Remi Collonges/SA/Enron@Enron, John Novak/SA/Enron@Enron, Sami
Arap/SA/Enron@Enron
Subject: Brazail dispute resolution forum

Mark,

As a follow-up to our monday meeting, I want to reiterate our need to have a
local dispute resolution mechanism for merchant (trading) activities. My
suggestion is to automatically allow ICC arbitration (English or Portuguese)
in Sao Paulo for deals out to 4-5 years and smaller than 200 average
megawatts, with a case-by-case review for deals of longer maturity or larger
average capacity. I appreciate the fact that this requires some discussion
of company policy, and I am grateful for any help you can give. I strongly
believe that we will not be able to prosecute a successful trading operation
without a meaningful dispute resolution forum in Sao Paulo.

It was good to see you again, and I look forward to your continuing interest
in South American trading.

--DMR