Enron Mail

From:deb.korkmas@enron.com
To:alan.aronowitz@enron.com, angela.davis@enron.com, ann.white@enron.com,anne.koehler@enron.com, barbara.gray@enron.com, barton.clark@enron.com, becky.tlucek@enron.com, bob.carter@enron.com, brenda.whitehead@enron.com, carol.clair@enron.com, carolyn.ge
Subject:Huntlaw Corporate Services Limited - COMPLIANCE PROCEDURES FOR
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Date:Fri, 13 Oct 2000 02:28:00 -0700 (PDT)

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FYI - Please see attached information from Kate Cole.

Deb Korkmas
Enron North America Corp.
ENA Legal Dept.
1400 Smith Street, Room 3819
Houston, TX 77002
Phone: 713-853-5448
Fax: 713-646-3393
----- Forwarded by Deb Korkmas/HOU/ECT on 10/13/2000 09:27 AM -----

Kate Cole@ENRON
10/13/2000 09:05 AM

To: Melanie Curran/EWC/Enron@ENRON, Sue Kelly/LON/ECT@ECT, Robin Hill/Enron
Communications@Enron Communications, Deb Korkmas/HOU/ECT@ECT, Mary
Ogden/HOU/ECT@ECT, Lori Pinder/HOU/EES@EES, Annette Patrick/LON/ECT@ECT,
Bonnie_Rushing@pgn.com, Ed B Hearn III/HOU/ECT@ECT, Julie
Delahay/EWC/Enron@ENRON, Barbara Hankins/HOU/AZURIX@AZURIX, Lorna
Jones/LON/ECT@ECT, Michael Slade/LON/ECT@ECT, David Bateman/Corp/Enron@ENRON
cc: Hardie Davis/Corp/Enron@ENRON, Teresa Callahan/Corp/Enron@Enron
Subject: Huntlaw Corporate Services Limited - COMPLIANCE PROCEDURES FOR
CAYMAN ISLANDS COMPANIES

I'm attaching a memorandum from Hunter & Hunter, our Cayman Islands counsel,
regarding recent changes in Cayman Islands laws and regulations. Please
forward it to other interested parties in your departments.

One immediate consequence of these changes is the request by counsel that we
provide them with more detail on the intended business activities of our new
subsidiaries in the A&J memos that are sent to them. Without being
impractical, something more than "Oil & Gas exploration in Mexico" (by way of
example) is requested. If it is impossible to provide more meaningful detail
without going on extensively, then the current practice will have to continue
to be acceptable. However, a business purpose of "holding company" is
probably not going to be acceptable.

If you have specific questions or concerns after reviewing the memorandum, I
suggest that you contact Rory Todd or another representative of Hunter &
Hunter (phone: 345-949-4900; fax: 345-949-5175; email rtodd@huntlaw.com.ky).





Thanks guys! Kate

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
FAX: (713) 646-8007
Email: kate.cole@enron.com