Governmental Units Not Forward Contract Merchants.

Mondaq Business BriefingNbr. 2004, May 2004

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Governmental Units Not Forward Contract Merchants.

Originally published April 26, 2004

A legal decision arising out of the Mirant bankruptcy finds that Federal, State, and Municipal governmental entities (e.g., Bonneville Power, TVA, CDWR) are not forward contract merchants under the ...

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