From: Peter Mandelson Sent: Saturday, February 19, 2011 3:32 PM To: [email protected] Subject: Fw: File note - Vincent Tchenguiz Worth following email chain from beginning. Very interesting Ir=nian now in Park Lane. Lord Mandelson Chairman Global Counsel t: Sent from my BlackBerry. wireless device From: Benjamin Wegg-Prosser Date: Fri, 18 Feb 2011 08:28:02 +0000 Subject: : i e no = - incen c enguiz Because you can construct a more negative analysis of the Icelandic situation: &=bsp; He borrows money before crisis <= class=MsoListParagraph style=lext-indent:-18.0pt;mso-list:I1 levell =foS'>- &nb=p; He can't pay it back because of crisis=/o:p> =span style='mso-list:Ignore5- He says that bank should never =ave lent it to him cos they were bust at the time - = Therefore he has no intention of paying it back. =nbsp; H= can also be portrayed as a "corporate raider". =/span> From: Peter Mandelson Sent: 17 February 2011 22:52 To: Benjamin Wegg-Prosser; =aree Glass; Geoffrey Norris Subject: Re: File note - Vincent Tch=nguiz Why is Iceland litigatio= a problem for us ? What are wider reputat issues ? <=.>Lord Mandelson Chairman EFTA_R1_00144890 EFTA01802583