Re: Korean Consents

Thanks. I think the one dimension that I would like to see addressed a bit
more explicitly is: If the interest in the holding company itself is
transferred, or the management control of the holding company changes hands,
e.g., "Enron Corp." (old) is no longer chaired by Lay, who will chair "Enron
Corp. (new)", but Enron Corp. (old) still is the JV interest owner, in
addition to the legal requiriements, and consultation with locals you note
below, is there any risk of "political" interference, such that they might
extract concessions from the parties to the transaction before it could go
forward. Not necessarily fair, but they might have some leverage or perceive
that they do. If such a transaction goes forward, the dealmakers want to
know this, so as to be able to fairly judge the risk, and how to allocate it
in the deal. thanks mcs

Mike Dahlke@ENRON_DEVELOPMENT
04/07/2000 06:55
To: Mark Schroeder@ECT
cc:

Subject: Korean Consents

Per our conversation last week, please see attached.