Discuss the concept of “special purpose vehicle”, as used in structured finance, is clear and well established in English law.

1.  The decision of the New South Wales Supreme Court in Enron Australia v TUX Electricity  [2003] NSC 1169 was good law but bad policy.  Discuss.

2.The concept of “special purpose vehicle”, as used in structured finance, is clear and well established in English law.  Discuss. 

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