FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶29

As originally enacted, Section 47(b) of the ICA mirrored Section 215 of the IAA. 54 Stat. 846 (every contract made or performed in violation of the ICA “shall be void”). So under TAMA, Saba says, Section 47(b) likewise contains a cause of action. Case closed.

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