John:  I hear that you are trying to trade in the name of Enron North America  Corp. while you sit in London.
Althought both ECT Investments, Inc. and  Enron North America Corp. have agreements with Instinet Corporation, those  companies are all U.S. companies without any presence in the U.K. (those  companies do not pay U.K.
taxes!)
I have asked the ENA tax lawyers to review  the implications of your proposed activity.
I will try to speak with you  Monday before things go too far.
Please provide an immediate response and  copy the tax lawyers noted above.
Thanks.
Sara

Instinet Corporation
John: I hear that you are trying to trade in the name of <COMPANY> North America Corp. while you sit in London.
Althought both ECT Investments, Inc. and <COMPANY> North America Corp. have agreements with Instinet Corporation, those companies are all U.S. companies without any presence in the U.K. (those companies do not pay U.K.
taxes!)
I have asked the <COMPANY> tax lawyers to review the implications of your proposed activity.
I will try to speak with you Monday before things go too far.
Please provide an immediate response and copy the tax lawyers noted above.
Thanks.
Sara
thanks immediate response copy north america ect investments company trade pay taxes sit london althought lawyers review implications presence hear trying