September 27, 2021 by Uncategorized 0

Mifca Agreement

Mifca Agreement

The court found that the company`s order was a securities contract, pursuant to section 741 of the Bankruptcy Act, since, as SRM claims, it was linked to a securities contract, the PBA. This court has previously held that no specific language is necessary to combine multiple agreements so that they can be considered “linked” to securities contracts in accordance with Section 741(7)(A)(xi) of the Code; All that is needed is for the agreements to be bound. See Lehman Bros. Holdings Inc. v. JPMorgan Chase Bank, N.A. (In re Lehman Bros. Holdings Inc.), 469 B.R. 415, 439 (Bankr. S.D.N.Y. 2012). Therefore, the absence of a language linking the ABP and the company`s order does not preclude the Tribunal from finding that the company order constitutes a securities contract within the meaning of section 741.