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Enron Mail |
Andre Vatour at Desjardins Ducharme Stein Monast, has suggested you try Serge
Gloutnay of his firm who does derivatives work @ 514.878.5547. ---------------------- Forwarded by Peter Keohane/CAL/ECT on 08/30/2000 08:48 AM --------------------------- Enron Capital & Trade Resources Canada Corp. From: Peter Keohane 08/29/2000 05:08 PM To: Mary Cook/HOU/ECT@ECT cc: Tana Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT Subject: Re: Hydro Quebec Hydro Quebec is not only a provincial utility, it is owned by the Government of Quebec and its business and affairs will be governed by Quebec civil law (all other jurisdictions in Canada are common law jurisdictions) which is generally foreign to non-Quebec lawyers. Also, unless you are uniquely successful at your negotiations, I expect that HQ will insist on the guarantee being governed by Quebec law. Accordingly, I agree that Quebec counsel should be involved in looking at the guarantee and isues of authority, capacity, execution, delivery, enforceability, etc. In fact a legal opinion may be appropriate. As to Quebec counsel, I would suggest the following: 1. Andre Vautour @ Desjardins Ducharme Stein Monast in Montreal @ 514.878.5595. Andre acted for us us the Papier Mason transaction and I would recommend him to you. 2. Xeno Martis @ Fasken Martineau DuMoulin in Montreal @ 514.397.7509. Xeno acted for Bank of Nova Scotia on our financing of the Papier Masson transaction and I would also recommend him to you. 3. Fred Erickson at Stikeman Elliott in Calgary (who is well known to Mark T) @ 403.266.9016. Fred is located in Calgary, but he could refer you to someone in his firm's Montreal or Quebec City office. I personally do not know anyone in particular at either Stikeman's Montreal or Quebec City offices. Let me know if I can be of any assistance or how things turn out. Regards, Peter. MARY COOK 08/29/2000 09:10 AM To: Peter Keohane/CAL/ECT@ECT cc: Tana Jones/HOU/ECT@ECT Subject: Hydro Quebec Tana and I will be working on an ISDA for financial derivs with a US trading affiliate of Hydro Quebec (which I understand to be a provincial utility) wherein HQ will be a guarantor. Because this raises a number of issues we will need Quebec counsel. Please advise of some good choices. Thank you. Mary
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