- 60 -
Capital Contribution Percentage Interest
Brunswick $13,500,000 9.0
Skokie 1,500,000 1.0
Bartolo 135,000,000 90.0
$150,000,000 100.0
The partners' June 25, 1990, capital contributions were deposited
into Otrabanda's bank account at ABN-New York.
Bartolo's initial capital contribution to Otrabanda came
from a loan from Clavicor. Clavicor was able to provide $135
million to Bartolo through funds obtained under its RCA with ABN-
Willemstad.
D. Miscellaneous Fees
Otrabanda maintained certain audited and unaudited financial
statements. Otrabanda's audited financial statements were
prepared by Arthur Andersen. Otrabanda made the following
payments to Arthur Andersen and Cravath, Swaine & Moore for
professional fees:
Date Amount Payee
November 14, 1990 $71,524.25 Cravath
January 7, 1991 10,000.00 Arthur Andersen
June 21, 1991 13,165.19 Cravath
The $71,524.25 fee paid to Cravath on November 14, 1990, included
a fee for professional services of $68,000. In a December 2,
1994 memorandum from Cravath to Brunswick, Cravath itemized the
$68,000 charge for professional services as follows:
The $68,000.00 fee was for negotiation and
drafting of the documentation, and for other related
Page: Previous 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 NextLast modified: May 25, 2011