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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I think that Eduardo is probably right that we really don’t know whether the increased cost for the legal separation will be significant or not without a detailed
analysis by the Finance Team. Now that we are specifically leaning toward the legal separation approach, I suggest that we request an analysis by the Finance Team right away. It will take them awhile to do it and they will probably have some questions for
us but the sooner we get that started the better. Xavier understands that a lot of the shared IANA costs can still be shared so that will minimize the increase but there will still be increases. As far as the language in © below, I suggest we say something
along these lines instead saying ‘</span><b><i><u>although those should not be significant</u></i></b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">’: “The significance of the increased costs cannot be determined until a
detailed analysis is done by the ICANN Finance Team, but the CWG has requested that analysis and expects to have at least preliminary results before the public comment period ends.”<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Chuck<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> cwg-stewardship-bounces@icann.org [mailto:cwg-stewardship-bounces@icann.org]
<b>On Behalf Of </b>Eduardo Diaz<br>
<b>Sent:</b> Saturday, April 18, 2015 4:43 PM<br>
<b>To:</b> cwg-stewardship@icann.org<br>
<b>Subject:</b> Re: [CWG-Stewardship] [client com] Draft: Summary of Legal Structure for CWG Proposal<o:p></o:p></span></p>
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<p class="MsoNormal">My comments about the S-A document 20179247_3 on legal structure:<o:p></o:p></p>
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<p class="MsoNormal">1] It is not clear who is going to decide about the concepts of designator vs. members (2nd para, page3). Is this an item for the CCWG to resolve?<o:p></o:p></p>
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<p class="MsoNormal">2] Items (a) & (c) in section "The weaknesses of the proposed structure are as follows." (page 3): <o:p></o:p></p>
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<p class="MsoNormal"><b>"(a) Requires forming a new entity and on an ongoing basis attending to a set of associated corporate formalities,
<i><u>although those can be fairly minimal</u></i>;"</b><o:p></o:p></p>
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<p class="MsoNormal"><b>" (c) May have some negative impact on operational efficiency due to the <o:p></o:p></b></p>
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<p class="MsoNormal"><b>functional separation, and the separate legal status will introduce some <o:p></o:p></b></p>
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<p class="MsoNormal"><b>additional costs, <i><u>although those should not be significant</u></i>." <o:p></o:p></b></p>
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<p class="MsoNormal">I suggest to delete the two statements pointed here by an underline/italics. Both statements are seemly subjectives and tend to steer the reader<o:p></o:p></p>
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<p class="MsoNormal"> to think that this will be easy to implement and that it will not be costly. There has not been any deep analysis done on these to support either statement. <o:p></o:p></p>
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<p class="MsoNormal">-ed<o:p></o:p></p>
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<p class="MsoNormal">On Sat, Apr 18, 2015 at 1:49 PM, Client Committee List for CWG <<a href="mailto:cwg-client@icann.org" target="_blank">cwg-client@icann.org</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D">Dear All,</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D">Attached is a summary of the current legal structure under consideration by the CWG. This also includes the CCWG dependencies.</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D">Please let us know if you have any comments or would like to discuss.</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D">Best regards,</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D">Sharon</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">SHARON</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">FLANAGAN</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#1F497D"><br>
Partner<br>
<br>
</span><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Sidley Austin LLP</span></b><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#1F497D"><br>
</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#1F497D"><a href="tel:%2B1.415.772.1271" target="_blank">+1.415.772.1271</a><br>
<a href="mailto:sflanagan@sidley.com" target="_blank" title="Click to send email to Flanagan, Sharon">sflanagan@sidley.com</a></span><o:p></o:p></p>
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