From: Williamson, Chris [chris.williamson@bakernet.com] Sent: Monday, 1 October 2007 22:38 To: Marie Francis Subject: RE: Northern Holdings Limited Dear Marie, Thank you for your email. The transfer of Northern Holding back to the trustee will not be a problem, because the purpose of the original transfer failed as a result of losing the tender for development in Singapore. Please treat the payment from the Northern Trust as a capital contribution to Northern Holding. Many thanks, Chris From: Marie Francis [mailto:Marie.Francis@portcullis-trustnet.com] Sent: vendredi, 28. septembre 2007 06:05 To: Williamson, Chris Subject: RE: Northern Holdings Limited From: Marie Francis Sent: Thursday 27 September 2007 To: 'Williamson, Chris' Subject: FW: Client instruction to transfer funds Dear Chris, I refer to your email dated 26 September 2007 regarding the details for the transfer of funds. After reviewing the files for Great Ocean Limited ("Great Ocean") and Northern Holding Limited ("Northern Holding") I note that the share in Northern Holding was transferred from Fidelitycorp Limited as trustee of the Northern Trust to Great Ocean in October 2006. We can attend to the transfer of the share of Northern Holdings from Great Ocean to Fidelitycorp Limited as trustee of the Northern Trust but please be aware of the affects this may have on the any previous planning which led to the share transfer in 2006. Kindly clarify how you wish the payment from the Northern Trust to Northern Holdings be made; a loan, capital contribution for further investment or other? Regards, Yours faithfully For and behalf of PORTCULLIS TRUSTNET (COOK ISLANDS) LIMITED MARIE FRANCIS Legal Counsel Portcullis TrustNet (Cook Islands) Limited P O Box 208,3/F, BCI House, Avarua, Rarotonga, Cook Islands. Phone No.: (682) 21-080, Facsimile No.: (682) 21-087 Website BRITISH VIRGIN ISLANDS - COOK ISLANDS - HONG KONG - KUALA LUMPUR - LABUAN - MAURITIUS - SAMOA - SINGAPORE - SEYCHELLES 796e780cb053b1057cf215296f75f3ef_76164-4243-05_07-10-01_cwilliamson_email.htm[4/22/2013 3:07:19 PM] The contents of this email are not to be considered as a legal opinion or tax advice and should not be relied upon as such. Portcullis TrustNet (Cook Islands) Limited does not hold itself out as a legal or tax advisor. If you wish to receive a legal opinion or tax advice on the matter(s) in this email please contact our offices and we will refer you to an appropriate legal practitioner. The information contained in this email message is CONFIDENTIAL INFORMATION and may also be LEGALLY PRIVILEGED, intended only for the individual or entity named above. If you are not the intended recipient, you are hereby notified that any use, review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this document in error, please immediately notify us by telephone (call collect to the person and number above) and destroy the original message. -----Original Message----From: Williamson, Chris [mailto:chris.williamson@bakernet.com] Sent: Wednesday, 26 September 2007 23:55 To: Marie Francis Subject: RE: Northern Holdings Limited Dear Marie, Thank you for your email. I spoke to Luciano Quirino today and he confirmed that the funds had been remitted. I have now had chance to speak to Pierre Chan about how this transaction will be structured (he wasn't available yesterday as yesterday was a public holiday in Hong Kong) and he has advised the following: 1. Great Ocean Ltd should transfer its shares in Northern Holdings Ltd to the Trustee so that Great Ocean and Northern Holdings become sister companies. 2. The funds transferred by the client (EUR 100,000) are to be treated as a contribution to the Trust. The Trust should then contribute these funds down to Northern Holdings Ltd. 3. Northern Holdings Ltd is the purchaser of the car and will be the owner of the car. Please therefore ignore my comment in relation to the dividend payment yesterday which was incorrect. Please do let me know if you require any further information in this respect (although please note that I am out of the office tomorrow so please contact me on my mobile with any urgent requests). Best regards, Chris From: Marie Francis [mailto:Marie.Francis@portcullis-trustnet.com] Sent: jeudi, 27. septembre 2007 02:48 To: Williamson, Chris Subject: Northern Holdings Limited Dear Chris, I confirm we have forwarded the wiring instructions to Luciano Quirino at the BSI AG ("the Bank") for the transfer of funds as requested below. I have emphasized the importance of the transfer being attended to today and asked Mr. Quirino to confirm when the funds have been transferred. I will advise you when we have received confirmation from the Bank. We do however still require further information for preparing the relevant records to explain the transaction. Please provide the following information: 1. Why were the funds transferred to Northern Holdings Limited? Was this a loan, if so what are the terms and conditions, do the funds have to be repaid?; 2. How did the funds go from being a dividend payment to Great Ocean Limited (the share holder of Northern Holdings Limited) and end up at Bentley in Stockholm? We need this information. 796e780cb053b1057cf215296f75f3ef_76164-4243-05_07-10-01_cwilliamson_email.htm[4/22/2013 3:07:19 PM] Regards, Yours faithfully For and on behalf of PORTCULLIS TRUSTNET(COOK ISLANDS) LIMITED MARIE FRANCIS Legal Counsel Portcullis TrustNet (Cook Islands) Limited P O Box 208,3/F, BCI House, Avarua, Rarotonga, Cook Islands. Phone No.: (682) 21-080, Facsimile No.: (682) 21-087 Website BRITISH VIRGIN ISLANDS - COOK ISLANDS - HONG KONG - KUALA LUMPUR - LABUAN - MAURITIUS - SAMOA SINGAPORE - SEYCHELLES The contents of this email are not to be considered as a legal opinion or tax advice and should not be relied upon as such. Portcullis TrustNet (Cook Islands) Limited does not hold itself out as a legal or tax advisor. If you wish to receive a legal opinion or tax advice on the matter(s) in this email please contact our offices and we will refer you to an appropriate legal practitioner. The information contained in this email message is CONFIDENTIAL INFORMATION and may also be LEGALLY PRIVILEGED, intended only for the individual or entity named above. If you are not the intended recipient, you are hereby notified that any use, review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this document in error, please immediately notify us by telephone (call collect to the person and number above) and destroy the original message. -----Original Message----From: Williamson, Chris [mailto:chris.williamson@bakernet.com] Sent: Wednesday, 26 September 2007 00:33 To: Marie Francis Subject: RE: Client instruction to transfer funds Importance: High Dear Marie, Thank you for your email. By way of background the client has ordered a car in Sweden and was intending to pick it up today (this is why the fund transfer was required). The client therefore needs confirmation of the fund transfer today your time so that he can pick the car up tomorrow. The client has asked me to make you aware that he is unhappy with what he perceives to sometimes be unnecessary delays when he asks for funds to be transferred. I appreciate that these delays may not be within your control but I wanted to make you aware of the client's concerns. The client also does not understand why you require the BSI account details. Please could you explain why you need this information so I can explain this to the client? The client has stated that EUR 100,000 has been transferred to Northern Holdings today. You should have received a fax today to this effect from Luciano Quirino of BSI. The client would like the SEK 750,000 transferred today to the account details below. The funds being transferred from the Company should be by way of a dividend. Please could you provide confirmation that the fund transfer has been carried out today and a reference number if you have one. Please could you also let me know when the funds should arrive in the Swedish bank account. Please do not hesitate to call me on my mobile +41 79 62 64 644 if you have any questions in this respect. If you foresee any delays, please do tell me. Many thanks for your help in this matter, 796e780cb053b1057cf215296f75f3ef_76164-4243-05_07-10-01_cwilliamson_email.htm[4/22/2013 3:07:19 PM] Chris From: Marie Francis [mailto:Marie.Francis@portcullis-trustnet.com] Sent: mercredi, 26. septembre 2007 03:16 To: Williamson, Chris Subject: RE: Client instruction to transfer funds Importance: High Dear Chris, I have reviewed the file for Northern Holdings Limited ("the Company") and note that the Company has an account with BSI AG of Bleicherweg, Switzerland ("the Bank"), the instructions of which require 2 signatures (which we can attend to today). We have contacted the Bank for confirmation of account details. Please provide us with further details for the funds being transferred to the Company and the details for the funds being transferred from the Company; is this to be a loan or a dividend payment? Kindly provide the relevant details thereof. Regards, Yours faithfully For and on behalf of PORTCULLIS TRUSTNET(COOK ISLANDS) LIMITED MARIE FRANCIS Legal Counsel Portcullis TrustNet (Cook Islands) Limited P O Box 208,3/F, BCI House, Avarua, Rarotonga, Cook Islands. Phone No.: (682) 21-080, Facsimile No.: (682) 21-087 Website BRITISH VIRGIN ISLANDS - COOK ISLANDS - HONG KONG - KUALA LUMPUR - LABUAN - MAURITIUS - SAMOA SINGAPORE - SEYCHELLES The contents of this email are not to be considered as a legal opinion or tax advice and should not be relied upon as such. Portcullis TrustNet (Cook Islands) Limited does not hold itself out as a legal or tax advisor. If you wish to receive a legal opinion or tax advice on the matter(s) in this email please contact our offices and we will refer you to an appropriate legal practitioner. The information contained in this email message is CONFIDENTIAL INFORMATION and may also be LEGALLY PRIVILEGED, intended only for the individual or entity named above. If you are not the intended recipient, you are hereby notified that any use, review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this document in error, please immediately notify us by telephone (call collect to the person and number above) and destroy the original message. -----Original Message----From: Williamson, Chris [mailto:chris.williamson@bakernet.com] Sent: Tuesday, 25 September 2007 02:45 To: Marie Francis Subject: Client instruction to transfer funds Dear Marie, I hope you are well. The client has asked me to pass on the following instructions : 796e780cb053b1057cf215296f75f3ef_76164-4243-05_07-10-01_cwilliamson_email.htm[4/22/2013 3:07:19 PM] Please could you transfer SEK 750,000 (Seven hundred and fifty thousand Swedish Kronor) from either Northern Holdings Ltd or Nasvieldo (I have not come across this company before but the client assures me it is a Cook Island company). The company which is used will depend on the availability of signatories for that company. The transfer should be made as soon as possible so please use the company for which the signatories are available. The funds should be transferred to: Svenska Handels Banken Account: Swiftcode: HANDSESS IBAN: Account name: Bentley Stockholm Din Bil Stockholm AB Box 92 163 120 08 Stockholm. The client has told me that he will be transferring funds to the above companies tomorrow. Please do let me know if this transfer is possible and, if so, when it will be made. If the transfer cannot be made, please let me know why not so that I can relay this information to the client tomorrow. Many thanks and best regards, Chris Chris Williamson Associate Baker & McKenzie Geneva 4 chemin des Vergers CH-1208 Geneva Switzerland Direct: (+41 22) 707 98 18 Tel: (+41 22) 707 98 00 Fax: (+41 22) 707 98 01 chris.williamson@bakernet.com www.bakernet.com Baker & McKenzie Geneva is a member of Baker & McKenzie International, a Swiss Verein. This e-mail may contain privileged and confidential information. It is intended for the named recipients only. If you are not an intended recipient, please notify us immediately (by reply e-mail) and delete this e-mail from your system. Any use or retransmission without proper authorisation is prohibited. You are cautioned that any communication over the Internet is not secure and may be intercepted by third parties. 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