In the Matter of Instant Brands Acquisition Holdings Inc. Et al. Debtor GuangDong Midea Consumer Electric Manufacturing Company Limited; FoShan ShunDe Midea Electrical Heating A...: In the Matter of Instant Brands Acquisition Holdings Inc. Et al. Debtor GuangDong Midea Consumer Electric Manufacturing Company Limited; FoShan ShunDe Midea Electrical Heating A…
The Fifth Circuit affirmed the bankruptcy court's ruling that individual purchase orders under a master supply agreement are divisible contracts, allowing a debtor to retain indemnification rights for completed transactions. This decision clarifies that when parties negotiate distinct terms for each order, those orders remain separate from the overarching master agreement for bankruptcy assignment purposes.