Enron Mail

From:mark.haedicke@enron.com
To:michelle.blaine@enron.com
Subject:Re: Supreme Court Grants TGS Injunction Against Rio Negro
Cc:
Bcc:
Date:Wed, 11 Apr 2001 07:44:00 -0700 (PDT)

Great job! Mark



Michelle Blaine/ENRON@enronXgate
04/10/2001 03:40 PM

To: Peter E Weidler/NA/Enron@Enron, John Novak/SA/Enron@Enron, Rob
Walls/ENRON@enronXgate, Robert C Williams/ENRON@enronXgate, Richard B
Sanders/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Cliff Shedd/NA/Enron@Enron,
John Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tom Briggs/NA/Enron@Enron,
""Kellie Meiman" <kmeiman (E-mail)"
<IMCEANOTES-+22Kellie+20Meiman+22+20+3Ckmeiman+40mclarty+2Ecom+3E+40ENRON@ENRO
N.com<@SMTP@enronXgate, James Derrick/ENRON@enronXgate
cc: Jan Cooley/ENRON@enronXgate
Subject: Supreme Court Grants TGS Injunction Against Rio Negro

Hurray! More good news from Argentina! Today the Argentine Supreme Court
granted TGS an injunction against payment of the stamp tax assessed by the
Province of Rio Negro pending resolution of the matter. Rio Negro recently
rejected TGS's final administrative appeal against payment of the tax with
penalties and interest in the amount of US $436 million! Rio Negro had
ordered payment by April 26 and threatened to commence collection
proceedings. Recall that 3 weeks ago, the Court also granted TGS an
injunction against payment of the tax in Santa Cruz in the amount of US $17
million which was unprecedented.

Dodged another bullet!
Cheers!
Michelle