FYI--our local counsel's view on Domingo Cavallo (the third Minister of 
Economy in a month) as it relates to stamp tax. There are 3 articles on him 
in Wednesday's FT.  Sounds like we have friends in high places.  Pete do you 
know Carlos Bastos?  

By the way, in talking with Gonzalo Flores at the World Bank, it looks like 
our claim before the International Center for the Settlement of Investment 
Disputes (ICSID) could be registered on Friday.  Recall that ICSID is the 
only arbitration forum in the world where a claimant must meet numerous 
jurisdictional and standing requirements under the ICSID Convention and the 
BIT to be "registered."  It's not a slam dunk especially since TGS has filed 
claims in the local court, so if registration is granted Friday, we'll have 
cleared the first hurdle. Call me if you have questions. 56159
Regards,
Michelle
-----Original Message-----
From:  Guido Tawil <GT@bomchil.com.ar>@ENRON  
Sent: Wednesday, March 21, 2001 4:42 PM
To: Blaine, Michelle; Guido Tawil
Cc: "\"Kellie Meiman\" <kmeiman (E-mail)"@ENRON; dbishop@kslaw.com
Subject: RE: PPP/PFI Law


Dear Michelle, 
Cavallo is supposed to make public his so promoted bill today or tomorrow. I 
don%t know much about it yet. He said that he will be trying to abolish stamp 
tax in the provinces but we will have to see what happens.
Please take into account that the new Ministry of Infrastructure (Carlos 
Bastos) and former Secretary of Energy during Cavallo%s previous period is a 
very close friend of Enron, former advisor of your company and it seems all 
the energy matters will depend on him.
Although Cavallo has gathered positive reactions, the situation is extremely 
difficult and it%s not clear that he will get the needed support from other 
parties (and even from the radical party)
I think we will have to wait a little bit before trying to contact him or his 
team. 
Best regards, 
Guido Santiago Tawil 
M. & M. Bomchil 
Suipacha 268, piso 12 
(C1008AAF) Buenos Aires 
Argentina 
Tel  (54 11) 4321 7500 
Fax (54 11) 4321 7555 
E-mail gt@bomchil.com.ar 
www.bomchil.com.ar 
-----Mensaje original----- 
De: Blaine, Michelle [mailto:Michelle.Blaine@ENRON.com] 
Enviado el: Mi,rcoles, 21 de Marzo de 2001 03:09 p.m. 
Para: Guido Santiago Tawil(eMail) (E-mail) 
CC: "Kellie Meiman" <kmeiman (E-mail); dbishop@kslaw.com 
Asunto: PPP/PFI Law 
Guido I have an article from Freshfield's about a new law the Argentine 
Congress is considering to attract foreign investment, intended to 
promote private sectoir participation in infrastructure development.  It 
also states that "it is also anticipated that several Argentine 
provinces will enact their own legislation to facilitate projects within 
their jurisdiction."  What do you know about it?        
What is everyone's pulse on Cavallo?  There are three articles about him 
today in the Financial Times. Any thoughts on how this will impact our 
stamp tax case?  Any chance we can get in to see him?