cats litigation louise thought would want see since times forwarded mike mcconnell hou ect 04 09 2001 10 26 mary nell browning 04 04 2001 01 59 pm james derrick enron enronxgate michael r brown lon ect ect john sherriff lon ect ect mark evans legal lon ect ect fernley dyson lon ect ect paul chivers lon ect ect mark frevert enron enronxgate greg whalley hou ect ect mike mcconnell hou ect ect jackie gentle lon ect ect richard b sanders hou ect ect claire wright lon ect ect raj n patel tax lon ect ect rex rogers enron enronxgate cc richard harper lon ect ect paul turner lon ect ect peter crilly lon ect ect subject cats litigation disappointingly house lords ruled 5 0 enron cats litigation today mean repay cats parties approximately 150 million plus interest court costs putting final figure estimated 155 160 million expect invoiced principal amount next week sorting costs interest may take long 60 days written opinion reflects determination part lords rule us regardless contract says opinion seeks conclude rational businessmen could intended rather applying provisions contract example lord hoffman author primary opinion makes clear retrospective consequences discovering latent defect payments made would therefore need refunded unacceptable view seems ready flow j block gas period 6 leak damaged therefore entitled relief contract furthermore says commencement date notice sent cats parties nature declaration long sent good faith effective far price reduction formula clause 7 5 lord hoffman opines clause operative tgtl tied j block field contract makes reference requirement hoffman view upon tie cats parties obligation provide transportation service triggered therefore price reduction providing service unless tie complete statement stark contrast hoffman earlier statement opinion upon giving commencement date notice cats parties absolute obligation provide transportation service equally disappointing surprising fact lords rejected submission reimbursement costs incurred connection restitution issue may recall restitution primary issue upon cats parties obtained leave appeal conceded point commencement hearing reimbursement costs given although yet able speak senior barrister counsel assessed opinion appalling pathetic describe situation one enron stitched unfortunately given court last resort country except course court human rights avenue recourse conclusion may say although get result wanted expected house lords much appreciate support past six years case roller coaster ride hope earlier victory court appeal evidence fact tribunals country recognize get right please call wish discuss case detail wish copy opinion telephone number 011 44 207 783 6582 many thanks