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Commodities in Focus Weekly - Issue 107

Yieldpoint Stable Value Fund, LP v Kimura Commodity Trade Finance Fund Limited [2024] EWCA Civ 639. – A timely reminder for users of the BAFT MPA and master agreements

In the case between Yieldpoint Stable Value Fund, LP ("Yieldpoint") and Kimura Commodity Trade Finance Fund Limited ("Kimura"), the English Court of Appeal reiterated the applicable principles of interpretating an agreement made pursuant to a template annexed to an umbrella agreement, in the context of trade participation transactions.

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