Justin

I have informed Taiwan counsel of the metals we plan to trade. They are now 
checking which products are restricted or prohibited for both oils and 
metals. In any case, the responsibility for applying for import approval 
would be that of the Taiwan counterparty being the importer of record.

Some further clarifications on IV Issues relating to EnronOnline:

3. "No" is intended to mean there would be no "doing business" exposure to 
Enron marketing and transacting via the internet.

5. "No" is intended to mean that the Taiwan counterparty would remain liable 
for a trade done by an unauthorised person using the Taiwan counterparty's 
password.

My proposed summary would be:

Taiwan

Generally free to trade physical/derivatives oil and metals.
Certain commodities may be restricted/prohibited. Await additional advice on 
which commodities are restricted/prohibited.
Importer's responsibility to obtain approval for restricted/prohibited 
commodities.
Local counterparties are permitted to purchase USD50 million each calendar 
year beyond which Central Bank approval required on a case by case basis.
Possible withholding tax impact (up to 20%) on deivatives income.


Hope the above is helpful

Matt










Justin Boyd
09/25/2000 03:50 PM
To: Angeline Poon/SIN/ECT@ECT, Matthias Lee/SIN/ECT@ECT
cc: Robert Quick/LON/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT 

Subject: Re: Survey of Taiwan Law  

Angela, Matt

Thanks vey much for this.  

So far as the physical metals are concerned, these include copper, nickel, 
aluminium, lead, zinc and tin.  If you need any further information, please 
let me know.   It may be sensible at this stage also to ask counsel whether 
there are any restrictions concerning other physical crude products (not just 
liquid fuel).  In the interests of time, you might find it quicker to put in 
a call to counsel on these points.

If you could also prepare a short description for the purposes of the 
EnronOnline weekly report (say by this Thursday) - this should be reasonably 
simple since few issues appear to remain.  The format of the last one I 
prepared is attached for your info.

Thanks.
Justin






Angeline Poon
25/09/2000 03:21
To: Alan Aronowitz/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT, Edmund 
Cooper/LON/ECT@ECT, Nicola Beales/LON/ECT@ECT
cc: Matthias Lee/SIN/ECT@ECT 

Subject: Survey of Taiwan Law

Messrs. Lee  & Li's opinion FYI.

---------------------- Forwarded by Angeline Poon/SIN/ECT on 25/09/2000 10:07 
---------------------------


yddeng [_H
U'?] <yddeng@leeandli.com> on 22/09/2000 23:56:17
To: "'Matthias.Lee@enron.com'" <Matthias.Lee@enron.com>
cc:  

Subject: Survey of Taiwan Law

 <<Taiwan Survey.doc>>  <<Taiwan Survey email0922.doc>>

Lee and Li, Attorneys-at-Law
7th Floor, 201, Tun Hun N. Road, Taipei 105, Taiwan R.O.C.
Tel.: 886-2-2715-3300     Fax: 886-2-2713-3999
Email: attorneys@leeandli.com <mailto:attorneys@leeandli.com>
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 - Taiwan Survey.doc
 - Taiwan Survey email0922.doc