So,

1) if there is no valid contract between TPL and Alliacense, what is the REAL legal impact on the ComAG ?

2) What if the Alliacense business will be considered by the BK court to be a part of TPL? What if for that no PTSC/Alliacense contract is valid but only the old TPL ComAG?

3) What kind of BK (Chapter 11 or Chapte 7 or variations of them) is then needed to teminate the Master Agreement?

I don´t know, but to me it is legally extreme complex to make a potential termination with TPL/Alliacense. And a termination with very limited risks to PISC MMP ownership.

So, i find it very funny that just the legal experts (!?) on this forum make statement, without even beeing part of the case, so without having a total background of all information, but know excatly what to do do with this extreme complex situation......

(Wasn´t at some stage in the BK filings mentioned that some lawyers, not affiliated with PTSC are or were involved with derivatives. Someone from another board was not surprised that all those lawyers, who post on various boards, were always only negative.)

Anyway, if possible, i would prefer much more that TPL is loosing parts of their ownership (potentially possible via the commissions plan) as agreed in the Master Agreement and without PTSC suing them directly, AND waiting another 5 years for the outcome.