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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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