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Exhibit 5.2
May 30,
2002
To: Huntsman
International LLC
500 Huntsman Way
Salt Lake City
UT 84108
USA
Tioxide Group
Haverton Hill Road
Billingham
TS23 1PS
Dear
Sirs,
Huntsman International LLC, Eurofuels LLC, Eurostar Industries LLC,
Huntsman EA Holdings LLC, Huntsman Ethleneamines Ltd.,
Huntsman International Financial LLC, Huntsman International Fuels, L.P.,
Huntsman Propylene Oxide Holdings LLC, Huntsman Propylene Oxide Ltd.,
Huntsman Texas Holdings, LLC,
Tioxide Americas Inc. and Tioxide Group
Registration Statement on Form S-4,
"Registration Statement"
1.
We have acted as special English legal advisers for Huntsman International LLC (the "Company") and its subsidiary, Tioxide Group, a private company with unlimited liability
incorporated under the laws of England and Wales ("Tioxide Group" or "Guarantor"), in connection with the indenture (the
"Indenture") dated 21 March 2002 and made between Huntsman International LLC, each of the Guarantors named therein (including Tioxide Group) and Wells Fargo Bank Minnesota, N.A.. We refer in
particular to the guarantee (the "Guarantee") provided by the Guarantor, the terms of which are set out in the Indenture and in the form of the Guarantee, attached as Annex D to Appendix I,
endorsed on the notes. The Indenture and the Guarantee are collectively referred to in this letter as the "Documents".
2.
We have been asked to provide this opinion to you by Hunstman Corporation.
3.
We have examined the Documents and we have relied upon the statements as to factual matters contained in or made pursuant to each of the Documents. We express no opinion as to any
agreement, instrument or other document other than as and only to the extent specified in this letter. We have not been involved in the preparation or negotiation of the Indenture or the Guarantee and
our role has been limited to the writing of this letter. We have not investigated whether any party to any of the Documents is or will be, by reason of the transactions contemplated by the Documents,
in breach of any of their respective obligations under any agreement, instrument or document. Further, it should be understood that we have not been responsible for investigating or verifying the
accuracy of any facts or the reasonableness of any statement of opinion or intention contained in or relevant to any Document.
4.
This opinion is limited to English law as currently applied by the English courts and is given on the basis that it will be governed by and construed in accordance with English law as
at the date of this opinion. Accordingly, we express no opinion herein with regard to any other system of law. In particular, we express no opinion on European Union law as it affects any jurisdiction
other than England. To the extent that the laws of any other jurisdiction may be relevant, including, without limitation, the federal laws of the United States of America or the laws of any State
thereof, we express no opinion as to such laws, we have made no investigation thereof, and our opinion is subject to the effect of such laws.
5.
The opinions given in this letter are given on the basis of the assumptions in paragraph 6 and is subject to the qualifications set out in paragraph 8. The opinion given
in this letter are strictly limited to the matters stated in paragraph 7 and do not extend to any other matters.
Assumptions
6.
In considering the Documents and for the purpose of rendering this opinion we have with your consent and without any further enquiry assumed:
- (a)
- the
legal capacity of all natural persons;
- (b)
- the
genuineness of all signatures on, and the authenticity and completeness of, all documents submitted to us as originals, the conformity to original documents of all documents
submitted to us as certified or photostatic or facsimile copies and the authenticity of the originals of such latter documents;
- (c)
- that,
where a document has been examined by us in draft or specimen form, it will be or has been executed in the form of that draft or specimen;
- (d)
- that
each of the statements contained in a certificate of a director of Tioxide Group dated on or about May 30, 2002, attached as Appendix I, is true and correct as at
the date hereof;
- (e)
- that
each of the parties to the Documents has all corporate and other power and capacity to enter into and perform all of its obligations thereunder under all applicable laws (other
than, in the case of the Tioxide Group, the laws of England);
- (f)
- (i) the
due authorisation by all requisite action, corporate or other, and the due execution and delivery by each of the parties thereto of the Documents
and the validity and binding effect of such authorisation, execution and delivery under all applicable laws (other than, in the case of Tioxide Group, the laws of England);
- (ii)
- that
all consents, approvals, notices, filings, recordations, publications and registrations which are necessary under any applicable laws or
regulations (other than, with respect to Tioxide Group, the laws of England, as to which we express our opinion in paragraph 7(d)) in order to permit the execution, delivery or performance of
the relevant Document have been or will be duly made or obtained within the period permitted by such laws or regulations;
- (g)
- that
the Documents have been unconditionally delivered by Tioxide Group and are not subject to any escrow or other similar arrangement;
- (h)
- that
the Documents have been entered into for bona fide commercial reasons and on arm's length terms by each of the parties thereto;
- (i)
- no
fraud, coercion, undue influence or duress exists or was exerted resulting in the entry into of the Documents, such as to render any or all of them void or voidable;
- (j)
- that
the representations and warranties given by each party contained in the Documents are and continue to be true, correct, accurate and complete;
- (k)
- that
the terms of the Documents are observed and performed by the parties thereto and that all conditions as to the effectiveness of the Documents and the obligations of the parties
to the Documents have been satisfied or waived in accordance with the terms thereof;
- (l)
- that
the execution, delivery and performance of each of the Documents by Tioxide Group was a proper and bona fide exercise of its directors' powers and will materially benefit Tioxide
Group and be in its best interests;
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- (m)
- that
the information revealed by our oral enquiry on May 30, 2002 in connection with the public file relating to Tioxide Group kept at the Companies Registration Office in
London referred to in paragraph 7(a)(i) below and our oral enquiry yesterday of the Central Registry of Winding up Petitions referred to in paragraph 7(a)(ii) below was
accurate in all respects and has not since the time of such search or enquiry been altered;
- (n)
- that
each of the Indenture and the Guarantee have the same meaning and effect as it would have if it were governed by English Law;
- (o)
- that
no party to any of the Documents would be entitled to claim the benefit of any statute or rule of law which affords sovereign entities immunity from prosecution or immunity from
enforcement of a court judgment or an arbitration award;
- (p)
- that
the Documents or any transaction contemplated thereby does not include any financing or refinancing of an acquisition of shares in contravention of section 151 of the
Companies Act 1985; and
- (q)
- that
as at May 30, 2002, the giving of the Guarantee did not cause the Guarantor to be in default under the borrowing powers of the Guarantor's Memorandum and Articles of
Association.
Opinion
7.
On the basis of the assumptions set out above and subject to the qualifications set forth below and any matters not disclosed to us and having regard to such considerations of English
law in force applying as at the date of this opinion as we consider relevant, we are of the opinion that:
- (a)
- Tioxide
Group has been duly incorporated in Great Britain and registered in England and Wales and:
- (i)
- our
oral enquiry on May 30, 2002 in connection with the public file relating to Tioxide Group kept at the Companies Registration Office in London
revealed no order or resolution for the winding up of Tioxide Group and no notice of appointment in respect of Tioxide Group of a liquidator, receiver, administrative receiver or administrator;
- (ii)
- the
Central Registry of Winding up Petitions has confirmed in response to our oral enquiry made on May 30, 2002 that no petition for the winding
up of Tioxide Group has been presented within the period of six months covered by such enquiry;
- (b)
- the
execution of each of the Documents has been duly authorised by all necessary corporate action on the part of Tioxide Group and each of the Documents has been duly executed by
Tioxide Group which execution does not and will not result in any violation by Tioxide Group of any term of its Memorandum or Articles of Association or of any law or regulation having the force of
law in England and applicable to English Companies generally;
- (c)
- the
choice of the laws of the State of New York as the governing law of the Documents will be recognised and given effect by the courts in England; and
- (d)
- there
are no consents, approvals, authorisations or orders required to be obtained by Tioxide Group under the laws of England from any governmental or other regulatory agencies in
England in connection with the execution, delivery and performance of the Documents by Tioxide Group, except that no opinion is rendered as to such consents, approvals, authorisations or orders which
may be necessary by virtue of the specific business in which Tioxide Group may be engaged.
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Qualifications
8.
The opinions set forth above are also subject to the following qualifications:
- (a)
- the
search at the Companies Registration Office referred to in paragraph 7(a)(ii) above is not conclusively capable of revealing whether or not:
- (i)
- a
winding up order has been made or a resolution passed for the winding up of a company; or
- (ii)
- an
administration order has been made; or
- (iii)
- a
receiver, administrative receiver, administrator or liquidator has been appointed,
as
notice of these matters may not be filed with the Registrar of Companies immediately and, when filed, may not be entered on the public file of the relevant company immediately. In addition, that
search is not capable of revealing, prior to the making of the relevant order, whether or not a winding up petition or a petition for an administration order has been presented;
- (b)
- the
enquiry at the Central Registry of Winding up Petitions referred to in paragraph 7(a)(i) above relates only to a compulsory winding up and is not conclusively
capable of revealing whether or not a winding up petition in respect of a compulsory winding up has been presented since details of the petition may not have been entered on the records of the Central
Registry of Winding up Petitions immediately or, in the case of a petition presented to a County Court, may not have been notified to
the Central Registry and entered on such records at all, and the response to an enquiry only relates to the period of six months prior to the date when the enquiry was made;
- (c)
- this
opinion is subject to and enforcement may be limited by all applicable laws relating to bankruptcy, insolvency, administration, liquidation, fraudulent conveyance,
reorganisation, moratorium and other laws of general application relating to or affecting the rights of creditors;
- (d)
- we
express no opinion as to the enforceability under English law of any rights or obligations of any party under the Documents, including without limitation, Tioxide Group;
- (e)
- a
certificate, determination, notification, minute or opinion might be held by the English courts not to be conclusive if it could be shown to have an unreasonable or arbitrary basis
or not to have been reached in good faith or in the event of manifest error, despite any provision in any document to the contrary;
- (f)
- there
is some possibility that an English court would hold that a judgment on an agreement, whether given by an English court or elsewhere, would supersede such agreement to all
intents and purposes so that the obligations set forth therein would not be held to survive such a judgment;
- (g)
- a
judgment rendered by a court other than in England and Wales (a "Foreign Court") has no direct operation in England but may be enforceable by action, counter-claim or registration
(where available) or be recognised by the English courts as a defence to an action or as conclusive of an issue in an action. A judgment rendered by a Foreign Court would not be recognised or enforced
by the English courts:
- (i)
- unless
the Foreign Court was duly invested with jurisdiction under all applicable laws and had jurisdiction under English conflict of laws rules; or
- (ii)
- unless
the judgment was final and conclusive under the law of the Foreign Court which rendered it (in this respect a judgment may be final and
conclusive even though it is
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- (h)
- we
express no opinion on any submission by the parties to the Documents to the jurisdiction of the courts of a jurisdiction other than England and Wales contained in the Documents,
nor do we express any opinion on any provision of the Documents ousting the jurisdiction of any court of a jurisdiction other than England and Wales;
- (i)
- we
express no opinion as to the enforceability of any benefit or obligation which any agreement may purport to establish in favour of any person who is not party to such agreement;
- (j)
- we
express no opinion as to the effectiveness of any provision which purports to secure the benefit of funds held by one party exclusively for the benefit of other persons in the
absence of segregation and security arrangements;
- (k)
- the
effectiveness of terms exculpating a party from a liability or duty otherwise owed is limited by law;
- (l)
- we
express no opinion as to the effect on the opinions expressed herein of (i) the compliance or non-compliance of any party to the Documents with any laws or
regulations applicable to it, or (ii) the legal or regulatory status or the nature of the business of any party to the Documents;
- (m)
- the
guarantee given by the Guarantor in the Guarantee contains various express provisions intended to prevent the liabilities of the Guarantor under its guarantee being exonerated,
discharged, reduced or extinguished by reason of the occurrence of events or conduct or action of any of the parties. The English courts construe guarantees strictly and the ability to rely on the
protective language contained in the guarantee will need to be considered specifically in the context of each particular situation;
- (n)
- we
draw your attention to the fact that where a person who is not a party to a contract (a "Third Party") has a right under the Contracts (Rights of Third Parties) Act 1999 to enforce
a term of the contract in his own right, in certain circumstances the parties to the contract may not, by
5
agreement,
rescind the contract, or vary it in such a way as to extinguish or alter the entitlement of the Third Party under that right, without his consent.
9.
We express no opinion on the accuracy of the facts, or the reasonableness of any statements of opinion, contained in the Offering Memoranda dated March 8, 2002 and
March 18, 2002 or Registration Statement dated on or about May 30, 2002, or on whether any material facts have been omitted from it.
Benefit of opinion
10.
This opinion is addressed to you solely for your benefit in connection with the entry into of the Documents. It is not to be transmitted to anyone else nor is it to be relied upon by
anyone else or for any other purpose or quoted or referred to in any public document or filed with anyone without our express prior written consent.
Yours
faithfully,
Skadden, Arps, Slate, Meagher & Flom LLP
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QuickLinks
Huntsman International LLC, Eurofuels LLC, Eurostar Industries LLC, Huntsman EA Holdings LLC, Huntsman Ethleneamines Ltd., Huntsman International Financial LLC, Huntsman International Fuels, L.P., Huntsman
Propylene Oxide Holdings LLC, Huntsman Propylene Oxide Ltd., Huntsman Texas Holdings, LLC, Tioxide Americas Inc. and Tioxide Group Registration Statement on Form S-4, "Registration Statement"