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WATER ABLAZE - Patagonia Sin Represas

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public. This also applies to those contracts which the “performance<br />

of contract” banks entered into with one another because,<br />

as long as these continue to exist, risks will remain high – e.g.<br />

if any of these banks were to become insolvent and receive no<br />

financial backing.<br />

• Any demands made by the U.S. partner should be rejected on<br />

the grounds that these deals are illegal and therefore a basis of<br />

agreement no longer exists. In the case of any subsequent disputes,<br />

however, the court of jurisdiction would be in New York.<br />

• Generally speaking, city and town councils should avoid business<br />

deals which are lacking in genuine economic substance,<br />

designed for tax-evasion purposes or of an otherwise speculative<br />

nature. Gambling does not belong to the duties of local<br />

government and politicians are certainly not being paid by the<br />

public to do so.<br />

• Any form of nondisclosure of matters concerning the public, as<br />

e.g. in the case of CBL contracts, must be disapproved of since<br />

secrecy of this kind undermines and even destroys democracy.<br />

• The nondisclosure of CBL contracts (and the course of events<br />

leading up to their conclusion) increases the likelihood of embezzlement<br />

and bribery and corruption. Representatives of the<br />

people should only sign contracts which they themselves fully<br />

understand.<br />

• Important contracts involving huge sums of money and public<br />

assets must be presented to the signatories in their own native<br />

language, so that their contents can be comprehensively<br />

assessed.<br />

130

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